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General
2022-01-24 14:26 | Report Abuse
Sen Heng IPO at RM1.07/share @28X PE is a hefty ask in my opinion. Reading their prospectus their growth plans seems farfetched and unachievable. I have attached my valuation for the stock with justifications of why I believe Sen Heng will be unable to justify their IPO price.
I believed I painted a very optimistic picture for sen heng, yet still arrive at a fair value below RM1 per share.
https://1drv.ms/w/s!ArDXN76h5gqdhzk9nE1eXnAMvObO
General
2022-01-24 14:15 | Report Abuse
Sen Heng IPO at RM1.07/share @28X PE is a hefty ask in my opinion. Reading their prospectus their growth plans seems farfetched and unachievable. I have attached my valuation for the stock with justifications of why I believe Sen Heng will be unable to justify their IPO price.
I believed I painted a very optimistic picture for sen heng, yet still arrive at a fair value below RM1 per share.
https://1drv.ms/w/s!ArDXN76h5gqdhzk9nE1eXnAMvObO
Stock
2022-01-24 14:06 | Report Abuse
IPO for sen heng look more like a way for director to cash out given the optimism in the market. 28X PE for SenHeng in stable slow growth industry is a hefty ask, my opinion I don't think this stock is worth RM1/share.
below is my fair value computation for the stock with justifications for my reasoning.
https://1drv.ms/w/s!ArDXN76h5gqdhzk9nE1eXnAMvObO
Stock: [SENHENG]: SENHENG NEW RETAIL BERHAD
2022-01-31 03:32 | Report Abuse
As expected from a company seeking to double its market share in the next 5 years by spending 60% ipo
Proceeds on store openings + renovations.. in 2018 till 2020 they have reduced their store count as it wasn’t providing adequate roi and now reopening back more stores with the hopes to capture market share… the story doesn’t add up. Consumer appliances industry growth rate 4-5% justifying 28X PE for a company in a mature industry is a little too optimistic. Company has been around for decades why suddenly want to IPO ?