Company Name : Sasbadi Holdings Berhad Date : 23 January 2018 Source : The Edge Markets
Sasbadi Undeterred By Weak Market Conditions, Looks Forward To New Revenue Streams
KUALA LUMPUR (Jan 23): Education solutions provider Sasbadi Holdings Bhd remains undeterred by weak retail market conditions that have had an impact on its earnings in the previous financial year, citing new revenue streams to boost its bottom line.
SAS boss says he undeterred by the weak market. BUT THE REAL QUESTION IS ARE THE RETAILERS DETERRED BY SAS BAD PERFORMANCE???
Not gone to court to litigate yet..so not the reason for share price to drop so much..
Probably, either EPF or some minority shareholder sell to rebalance their portfolio
MATERIAL LITIGATION PELANGI PUBLISHING GROUP BHD. ("PELANGI" OR "COMPANY") KUALA LUMPUR HIGH COURT COMMERCIAL SUIT NO. WA-22IP-28-06/2017 WRIT AND STATEMENT OF CLAIM FILED BY PENERBITAN PELANGI SDN. BHD. (PPSB), A WHOLLY OWNED SUBSIDIARY OF PELANGI, AGAINST SASBADI SDN BHD PELANGI PUBLISHING GROUP BHD.
Type Announcement Subject MATERIAL LITIGATION Description PELANGI PUBLISHING GROUP BHD. ("PELANGI" OR "COMPANY") KUALA LUMPUR HIGH COURT COMMERCIAL SUIT NO. WA-22IP-28-06/2017 WRIT AND STATEMENT OF CLAIM FILED BY PENERBITAN PELANGI SDN. BHD. (PPSB), A WHOLLY OWNED SUBSIDIARY OF PELANGI, AGAINST SASBADI SDN BHD Reference is made to Pelangi’s previous announcement dated 25 July 2017 and 13 September 2017, the Board of Directors of Pelangi wishes to announce that PPSB has filed on 27 September 2017 a Reply to Defence and Defence to Counterclaim whereby Pelangi challenged Sasbadi’s counterclaims and put Sasbadi to strict proof of the said claims, on the basis that at all material times, PPSB is the owner of the copyright in the Copyright Works and PPSB had acted within its rights.
Further announcement on the development of the above matter will be made to Bursa Malaysia Securities Berhad in due course.
Reposting some of my posts to ensure no more uninformed investors. Dont let our fellow bros suffer from this stock.
Nov 13, 2017 Finally the truth sinks in.
My friend was recruited as one of their MLM scheme selling their digital products. He left at the end due to the bad experience he had. A few reasons he gave:
1. Incompetent Product. The digital product by sasbadi is merely a digitalization of its school books, it is just a book but in digital format. Other products in the market offer lively interaction with great graphics and customised marking. It was a hype with SAS product initially, but true as he told me, now everything is crumbling. Product is king, a good product will yield good revenue.
Other better products in the market are eg: Fullamark, khanacademy, ilearning.
2. Weak training. He was told to go to fight a war but with minimal training and resources. No info on the market trend. Was quite a humiliating experience when his prospects showed him other better products in the market.
3. Low and late commission. Commissions promised was not received in due time. Despite repeated reminders and 'begging; 'wages were delayed. Dont ever say yes to them.
4. Poor management. Infighting between own people. No clear line between sales territory. at the end, sales lead and sales rep overlapped, resulted in price war.
@kevin008, i applaud your faith in the managing director of SAS. But i seriously hope that you are not relatad to him in any ways, because what you have said so far in this forum is heavily biased.
Do you know that listed companies don't mind paying handsome sums just so that they can be interviewed at investors forums, events etc. This is my point. The MD of SAS should be spending his time wisely to RUN THE COMPANY WELL, NOT TO BE THINKING & TRYING HARD TO GET MORE MONEY FROM THE INVESTORS.
Once the purpose of a company is skewed, things will come crumbling down.
Please look at the facts and figures kevin008. For example the cash flow, this company borrowed RM15,000,000 from bank last year, and despite that, it has a cash flow DEFICIT of more than RM 2 million. Meaning that if without the bank borrowing, this company should be having a CASH FLOW DEFICIT of more than RM 17,000,000 now.
time will tell who is correct or wrong..i rather believe epf and director who keep buying this share. if u dun hold any shares of sasbadi..no need to write so many comments and talk bad about this company
and this is a forum..am i putting a gun to ask you buy this share? dun act like a child and always blame someone..first time play share it is? so scare to lose money better put ur money in FD.
who had been selling so many days undisclose? tomoro down will buy and keep.too low already.keep for long term sure make.don't worry cos mr law will lose more than those who buy now....hahaha
My prediction is that it will touch 0.30 soon. From what I see, it is a tough year for SAS ahead. Up till now, there is no effective plan to counter the threat of other digital competitors e.g. fullamark, Khan academy, astro etc
Government policy of no workbook has not changed. Year 1 to 3 no workbook allowed, year 4 to 6 only 1 workbook for core subjects. I predict a much lower revenue. If you ever pass by SAS, you can see hundreds of pallets of books at the side (opposite the factories) waiting to be disposed.
15 mil loan only for a 400 mil capital company not much.now I buy low no scare also lah even 30cts I can buy more.now I lose cannot lose much but if gain can up a lot.keep for 1-3 years sure can make
no want other brands lah.....just wanna buy old establishment,cheap,profitable,got some dividend,not much loans....what u want more for a 40 over cents stock. better than buying unworthy overpriced kereta buruk like T7,pansar.u think sasbadi can close shop? if not can keep accumulate like mr law and keep for 1-3 years
sasbadi when newly listed the 1st quarter profit is 2.6 mil,now 1st quarter profit 6.3 mil and nearly back to IPO price,where got justify? nearly twice more profit than newly listed but stocks price only up a mere 5%......will not fall below 30cts if no losses.....don't spread fake news here
when did I say bat in the red u dumbo,i said bat profit down more than 60%.bat no prospect just like magnum and bjtoto cos illegal very rampant.many turn to buy illegal cig
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
yc123
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Posted by yc123 > 2018-02-07 17:09 | Report Abuse
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