@faridfet - i'd only look at this stock after their court case settle. Doesn't make sense why Mi Technovation, another public listed company so boldly sue Edelteq for infringement: "breach of confidential information, copyright infringement, patent infringement, conspiracy to injure, and unlawful interference with trade". It is very likely they have strong proof to do this.

Edelteq could end up fighting all the way for this case (to end up losing), or pay a big sum to settle amicably. If either happens will be bad for their company balance sheet = bad for stock price. Or they could win and their stock price start moving upwards. It's like gambling here as we don't know the true story yet.

News of intellectual property breach.. What will happen if Edelteq lose the court case? https://themalaysianreserve.com/2023/08/02/conflict-between-mi-technovation-and-edelteq-holdings-heats-up-over-alleged-breach-of-intellectual-property-rights/

why it's up is simple.. it's the only pawnbroker stock at Bursa.
see how often Malaysians go to pawnbroker due to tiny wages. This means PPJACK biz will good everyday.

IPO is like that la.. go up to highest quickly sell since it's overhype and overvalued. Some investors don't know how to evaluate the stock price also. Check the companies PE, PB etc ratios to know what is it's reasonable current price la.

sell first make profit, later can come back buy again once price stable (best in 2-3 mth's time). Holding on to IPO when it is at its peak is dumb.

price drop so much.. wth happened?

Found this article. Good read https://www.smallcapasia.com/pappajack-ipo-9-key-things-investors-should-know/

@cascade - need to wait and see their expansion plan works or not first. Now you assume only. If somehow fail and end up they suffer massive losses from it? Stock prices will go red that time.

@BaboonBrain555 - when low till cannot low (support level), and start showing back uptrend, then is good time to buy.

Farm Fresh company also helps to replace your milk for free if really you somehow bought sour milk even before its expiry date.. can read people's comment online.

so far Farm Fresh is the only "fresh milk" producer. Go shopping malls and check you won't be able to find other brands. Such milk needs to be quickly packed and sold as they have a very short lifespan.

@mamatade, got la.. is call pasteurize process. Different from UHT to still keep the milk's freshness. Check their website: https://www.farmfresh.com.my/the-farm-fresh-difference/

https://www.newscientist.com/article/dn27898-so-many-milks-but-do-their-health-claims-really-stack-up/

@mamatede - liquid in the bottle doesn't mean 100% fresh. Notice the small words "UHT" there? Only Farm Fresh sells 100% fresh milk. The biggest difference is when you using it for cooking, baking or making yogurt, UHT type can spoil the entire recipe if fresh milk is needed. Definition of UHT: processing of milk involves heating milk in a continuous process to temperatures higher than 135 °C for a few seconds, cooling rapidly, and aseptically packaging in the milk into sterile containers.

congrats.. glad that it is not another SenHeng in the making.
Unique biz model I guess.. no other vendor selling such fresh milk in Msia market.

not enough foreign investors in Malaysia ever since Najib and 1MDB case.. this is why GenM couldn't go up further. In the future this might improve as foreign investors return to Malaysia

Long term will fall to 40-50cents likely. Overpriced stock. Check Simply Wallstreet website if don't believe me.

@Weida2000 big supporter of Senheng.. hopefully you can earn back what you invest!

@flyhighest - 1.07? Slowly wait maybe 10 years also haven’t reach.

Senheng buying the stocks alone is not enough to sustain a high price or make it grow higher. Need retail investors (us), institutions like EPF, foreign investors to make it go up. Don’t just simply read news syok see those directors buy u also buy.. later stock price drop u will ikut buta2 lose money also.

Senheng should not price their IPO like this. Really bad move by them. Read more here: https://www.investopedia.com/terms/u/underpricing.asp

It has crazy high PE ratio of 120+. Good PE ratio is around 20-30. Also biz not that unique selling electrical appliances which has many competitors in market. Mr DIY different higher profit margin due to cheap goods and almost zero competitor.

Price won't go up. Only down. Faster sell to avoid losses. Watch youtuber to understand why: https://youtu.be/OMxxjBE8rFA

@serikaya, exactly.. thanks for quoting me. Now price going backup. Gambate Senheng!

1st day already so much critics. Just wait and see.

Will hit RM3 a share for sure.. If DIY can hit that price, Senheng will easily outdo them.