Posted by ChinKeng Lee > 2014-07-23 15:00 | Report Abuse

no dare to play .

Posted by dkrempit > 2014-07-23 15:07 | Report Abuse

wa...sudah kena getah la.. buy at 185...wat the f.....1 day kaunter

Posted by noisyboy > 2014-07-23 15:08 | Report Abuse

This counter has good upside potential..the only thing is you should be able to hold. for contra its rather risky, just my 2cents

Posted by cheeseburger > 2014-07-23 15:10 | Report Abuse

hahaha...good luck to those who bought...

Posted by Tsh880109 > 2014-07-23 15:11 | Report Abuse

Scare...

Posted by cheeseburger > 2014-07-23 15:16 | Report Abuse

35.95 million shares at an IPO price of RM1.19 per share at RM0.50 par value...still long way to go for those who want to dump...

Posted by Drago Tian > 2014-07-23 15:21 | Report Abuse

Now the ipo almost same as icon, high price while opening coz everybody want to buy. After that everybody going to sell coz can not contra earn. Those got ipo price will going to smile.

Posted by sapenmackey > 2014-07-23 15:31 | Report Abuse

Ini stock banyak bahaya oh... tak tau minimum drop berapa.

Posted by Drago Tian > 2014-07-23 15:33 | Report Abuse

Only who buy today wait for hope. "Crying in the rain"

Posted by yipcoolseng > 2014-07-23 15:36 | Report Abuse

really crying

Posted by Wow123 > 2014-07-23 15:36 | Report Abuse

Inilah Hari dalam sejarah , I always review my revision book during MCE. HHHH.

Posted by Drago Tian > 2014-07-23 15:38 | Report Abuse

Value high, I think unit trust agent & spectecular still pump BUY in this counter

Posted by cheeseburger > 2014-07-23 15:44 | Report Abuse

with expected payout dividen, i think any price $1.55 will give you dividen yield of ~3%

Posted by godzilla > 2014-07-23 15:50 | Report Abuse

Damn...i also kena. Bought at 1.75. Same as Icon..

Posted by cheeseburger > 2014-07-23 15:54 | Report Abuse

any price above $1.55 is no better than put ur money in FD...

Posted by cipapo > 2014-07-23 16:03 | Report Abuse

UPSR, PMR, SPM...please la...how far can go...hahaha...

Posted by Drago Tian > 2014-07-23 16:04 | Report Abuse

I actually love this company, but the market play cheat, they take care ipo player only.

Posted by Amy Wong > 2014-07-23 16:05 | Report Abuse

Sars Buddy, Luckily Sold Fast @ 1.86, pg tadi beli @ 1.56 lepas Raya akan jadi Seringgit
Sotong

Posted by johnny > 2014-07-23 16:07 | Report Abuse

maybe it will come back to ipo price 1.19 same as icon..

Posted by alivetoinvest > 2014-07-23 16:08 | Report Abuse

walao

Posted by topone > 2014-07-23 16:11 | Report Abuse

All because of the major shareholder selling their share.
They have no confident with their own company. I guess.

Posted by sklyte > 2014-07-23 16:11 | Report Abuse

wah this one conman ipo ke?

Posted by godzilla > 2014-07-23 16:12 | Report Abuse

Drop and drop again

Posted by sklyte > 2014-07-23 16:14 | Report Abuse

fair price lor 1.50, p/e 10 times, dividend yield 3%, ok what

Posted by cipapo > 2014-07-23 16:18 | Report Abuse

Closing Price today 1.40 ...this one even worse...no stabilizing manager

Posted by Amy Wong > 2014-07-23 16:20 | Report Abuse

Icon nasib ada investment Bank Support at 1.85 for a period of time. siapa akan Jamin Sars buddy price stabilization

Posted by cipapo > 2014-07-23 16:25 | Report Abuse

bplant stabilizing also cannot take it already...now below IPO price...sure bungkus nasi lemak

Posted by sklyte > 2014-07-23 16:29 | Report Abuse

sasbadi is education sector la, just the size is abit small, if you look at their earnings, pretty stable, but alto of shares are marketed to private investors/miti investors, thats why keep dropping, not like tanah makmur, solid backup from pahang royal

Posted by Amy Wong > 2014-07-23 16:45 | Report Abuse

History will tell for education Sector, jus look at Pelangi Publishing IPO Years ago and apa jadi skrg

Posted by davidkkw79 > 2014-07-23 17:00 | Report Abuse

I didn't see any wrong on pelangi, actually pelangi it is doing well, sooner will boom up again to reflect its value. Sasbadi also doing well, first day IPO already has 30 % gain.

Posted by Elvin Beh Chun Yen > 2014-07-23 17:25 | Report Abuse

oh well. we know for every IPO, a lot of investors unload their holdings on day 1. that's why we see so many rich bumis nowadays. buy ipo, unload at day 1. no brainer right? government still say bumis are poor so as to keep MITI going.

Anyway, my thoughts are as follows

Business - easy to understand business aka publisher. it has a good brand and track record. it possess economy of scale. and education is considered a safe sector as during economic downturns, ppl will still need the educational books

Management - they have proven track record. their management consists of the founders and they hold a large amount of shares (founders usually wouldn't want to sell away their company on day 1 of IPO especially after decades of building it)

Numbers - CAGR of 20%. Low gearing. Positive FCF. Net cash of 2m if all borrowings paid off with current cash (before today's ipo). Good net profit margin - 16-17%

Valuation - based on the previous CAGR, i used a more conservative value of 15-18%, the intrinsic should be about 1.9 - 1.95.

anyway, what's important is what the company wants the ipo money for. company such as icon (conmaster) which used ipo proceeds to pay off borrowings is just plain conman.

sasbadi intends to use the ipo money to expand. although expansion does not guarantee profit, but it makes sense that sasbadi wants to use the money to buy other competitors to increase market share and to venture into new markets (online sector)

hence, if this stock goes down tmr, i'll definitely load another 20k without any problem.

Posted by Drago Tian > 2014-07-23 17:27 | Report Abuse

Long term

Posted by AC Gan > 2014-07-23 17:39 | Report Abuse

Elvin BCY.. Agreed with your comment.. why not take a look at Presbhd 5204.. as it also on Educational Industry...

Posted by alivetoinvest > 2014-07-23 17:57 | Report Abuse

The next sch

Posted by Drago Tian > 2014-07-23 17:59 | Report Abuse

Pelangi up? Overvalue also, look today down 5%. This counter also overvalue for 1 day, also down tomorrow, if u plan to buy, look at cheapest.

Posted by sklyte > 2014-07-23 18:39 | Report Abuse

pelangi making loss mah, how can u compare pelangi to sasbadi, lol, sasbadi just reported earnings increase 15%, what else you want

Posted by oon168 > 2014-07-23 21:58 | Report Abuse

pelangi lose.!are you sure.i think you are ...a worm.dr kim are old bird but he always "self talking..self siok"

Posted by Drago Tian > 2014-07-24 00:29 | Report Abuse

This counter begin downtrend after 9:02:40am, so fast, after hit highest. First day listed compare, bjauto start downtrend on the afternoon.

Posted by sklyte > 2014-07-24 00:46 | Report Abuse

Oops sorry pelangi pe 180times not loss, nearly loss, early worms eaten alive by birds

Posted by Drago Tian > 2014-07-24 00:49 | Report Abuse

Not so understand with those people, gossip high earning in this counter before launch even no promising on the first dividend that given. Gossip almost same as icon, announce what 1x% earning. You think they give u the 1x% dividend while u buy on first day? That only for them who buy at ipo price.

Posted by Drago Tian > 2014-07-24 01:19 | Report Abuse

The profit or special news- cheat for high price on the first day. Ipo player want to earn, agent ipo what to help this company collect $. "Contra happy hour for this counter too little"

Posted by Drago Tian > 2014-07-24 01:44 | Report Abuse

Ipo1.19 hit open 1.75? Tell me How many %? Tipu benar sektor pendidikan ini! You saw people buy even downtrend, they gamble for suddenly price up or for long term.

Posted by speakup > 2014-07-24 07:51 | Report Abuse

if u believe in the company, double up to average down
if u dont believe in the company, cut loss and move on.

Posted by cipapo > 2014-07-24 08:59 | Report Abuse

regardless whether the company good or not or long term or short term investment.......if u can buy low why want to pay premium price for it...become sohai meh...

Posted by davidkkw79 > 2014-07-24 09:22 | Report Abuse

cipapo, u never heard good company hard to get with cheap? Only bad company u can easily to get with cheapest price.
skylte, I really pity on u, cause u even don't know how to calculate.

Posted by godzilla > 2014-07-24 09:36 | Report Abuse

Loss patience on dis counter. I cutloss already. Total loss rm3309. No sas. Just badi=bad luck

Posted by cipapo > 2014-07-24 09:36 | Report Abuse

buy back at 1.41...then when up...sell again...

Posted by kingdomtan888 > 2014-07-24 09:38 | Report Abuse

Godzilla sorry to hear that
Stupid counter keep on dropping
Buku publisher? Go to hell la....
Kekekekekkekeekekkeke

Posted by godzilla > 2014-07-24 09:41 | Report Abuse

Dis year i got 3 bad ipo...icon,bplant and sasbadi...

Posted by anthonykok > 2014-07-24 09:42 | Report Abuse

Y u didn't ipo ecopile?