Posted by ampabella > 2022-01-29 13:30 | Report Abuse

Klcc I m coming ahhhhhhhhh
poo nia bor... lost till ah mah pun cannot regonised

Posted by NatsukoMishima > 2022-01-29 21:04 | Report Abuse

30 sens coming !

Posted by Godofgambler > 2022-01-29 21:25 | Report Abuse

Sure end up like hock seng leong...
All with Seng Seng name all up to no good one...
Hock Seng Heng...haha

Posted by akmalrizal786 > 2022-01-29 22:11 | Report Abuse

penny stock is coming

Posted by dreamer74 > 2022-01-30 01:07 | Report Abuse

Not worth that PE... just a trading company

Posted by Diamond7 > 2022-01-30 08:14 | Report Abuse

Soon...will move up beyond IPO price!

Posted by shpg22 > 2022-01-30 10:03 | Report Abuse

Senheng boss would like to wish every shareholders gong xi fatt choi.
Wealth and prosperous in the year tiger...mooaaarrgg

Posted by OKU_2020 > 2022-01-30 10:06 | Report Abuse

Paralysed Sheetheng is beyond Repair
Further AZAB @ Suffering......!

Posted by serikaya > 2022-01-30 12:06 | Report Abuse

isnin ½ day kita target 0.50 ..khamis 0.40 jumaat 0.30 hujung thn dilisted...settle maslah.

Posted by i3lurker > 2022-01-30 13:38 |

Post removed.Why?

Posted by OKU_2020 > 2022-01-30 14:34 | Report Abuse

serikaya @isnin ½ day kita target 0.50 ..khamis 0.40 jumaat 0.30 hujung thn dilisted...settle masalah.
30/01/2022 12:06 PM
----------
Perasss Menonggeng nampak ?
#AzabSheetheng

Posted by OKU_2020 > 2022-01-30 17:41 | Report Abuse

serikaya @sebab percaya dgn ajaran sesat semua ipo mesti jual hari pertama listing ..tak pasal² tanggung kerugian
----------
He he he.. Kaya Got Karma / Padah - On Azab Now due to Melawan cakap Otai IPO

Posted by OKU_2020 > 2022-01-30 20:29 | Report Abuse

Noted... Gloomy Yee Sang...
NO CURE for this Paralyzed Sheetheng,,,,,

Posted by trader808 > 2022-01-30 22:12 | Report Abuse

1.All companies preparing for listing would detail how it arrives at the IPO price base on annualized earning and price earning multiples in its prospectus. According to the prospectus the offer price has been severely overprice to benefit the owners. Basing on the earning result the EPS is 3.71 sen. Hence the IPO price of Rm1.07 is selling at pe 28.8x.
Hence, It is not a surprise to see the share price collapsed on 1st trading day.

2. The IPO price and the pricing strategy also means the boss has taken all the money and leave nothing on the table for the investors. The sold by offer- for sale 139.5m shares at 1.07 and pocket Rm149m cash. They already cash out and have no interest to support the share price.

3.The biggest victims are the managers and senior executives down to the supervisors to whom were given pink form and subscribed fully to the IPO. These are the employees who had over the years demonstrated loyalty, honesty and responsibility to the company. They contributed diamond to the company and were rewarded with a box of sand plus a snake on first day of trading.
Everyone in the company lost money. Every investors lost money. The BIG winner is the boss and his family.

4 it is not difficult to imagine that the moral and confidence level of employees in the company has sink to rock bottom. The paid 107 and now valued at 82sen and continued falling.

5 the only way to mitigate the horrendously unpleasant experience in the life of the naive and innocent employees is for the boss to buy back all the employees's shares to absorb the losses through the family IPO proceed.
OTHERWISE the company is expected to see a total decline in employee performance and contribution across departments.

Posted by i3lurker > 2022-01-30 22:22 | Report Abuse

tomorrow huge drop

Posted by i3lurker > 2022-01-30 22:35 | Report Abuse

more margin call means more share price will drop

Posted by OKU_2020 > 2022-01-30 23:25 | Report Abuse

....trader808 @ 3.The biggest victims are the managers and senior executives down to the supervisors to whom were given pink form and subscribed fully to the IPO. These are the employees who had over the years demonstrated loyalty, honesty and responsibility to the company. They contributed diamond to the company and were rewarded with a box of sand plus a snake on first day of trading.
Everyone in the company lost money. Every investors lost money. The BIG winner is the boss and his family.
************
.Aiyooo.....were rewarded with a box of sand + a King Cobra on the very 1st day of Trading...

hmmm... in fact NO shame at all ( Thick Face ) when knocking the GONG with Very RED Opening in front of Camera men + TV + Biz reporters + Bursa Officials + Guests...

#Beyond Repair - No Cure
# Further Suffering ( AZAB )
It's a Sh*theng after all ....

Posted by Matthew2511 > 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 ?

Posted by OKU_2020 > 2022-01-31 09:14 | Report Abuse

S. O. S.... S. O. S.... Mayday... Mayday...!!
Distress Call.... Tolonggggg...!
Helpppp....

Posted by OKU_2020 > 2022-01-31 09:17 | Report Abuse

serikaya @sebab percaya dgn ajaran sesat semua ipo mesti jual hari pertama listing ..tak pasal² tanggung kerugian
----------
He he he.. SeriKaya Got Karma / Padah - On Azab Now due to Melawan cakap Otai IPO

Posted by 8dragon > 2022-01-31 09:18 | Report Abuse

SC please classify this CO under PN17....

Posted by mo1malaysia > 2022-01-31 09:20 | Report Abuse

This counter cai shen dao also cannot save...

Posted by OKU_2020 > 2022-01-31 09:29 | Report Abuse

Catching Falling Knife/Dagger... Anyone ?
Paralysed Sh*theng is BEYOND REPAIR
#FurtherAzab...

Posted by Karlos > 2022-01-31 09:36 | Report Abuse

The family is selling the business via IPO as they can get a better price than via other channels.

Posted by Harirox > 2022-01-31 09:47 | Report Abuse

Teribble stock. Useless

Posted by Karlos > 2022-01-31 09:48 | Report Abuse

Mercury Securities Sdn Bhd as the principal adviser, managing underwriter and joint bookrunner for the IPO exercise has done exellent job !

Posted by Karlos > 2022-01-31 09:50 | Report Abuse

Caveat emptor !

Posted by Loh Kok Wai W > 2022-01-31 09:58 | Report Abuse

做老千更好揾过做皇帝。。。

Posted by lalazai9 > 2022-01-31 11:30 | Report Abuse

Congratulations those get ipo, donate 50% to senheng lol

Posted by 8dragon > 2022-01-31 11:46 | Report Abuse

The owner is a conservative with an old China man mentality type of running a business, is not like MRDIY which is managed by an intelligent kaki goreng

Posted by Swoosh > 2022-01-31 11:50 | Report Abuse

you all jual sahaja la ..just leave an owner tamak with his son as share holder.boikot ramai2 sudah kaya pun lagi mahu legal scammer .

Posted by CUTLOST > 2022-01-31 12:26 | Report Abuse

Try luck after cny 795 bot

Posted by WE IN > 2022-01-31 12:28 | Report Abuse

mr diy biz no competition
senheng lot competition...

Posted by OKU_2020 > 2022-01-31 12:29 | Report Abuse

BOOOO CHOWWW CCCCCCCCCCCCCC !
Tak Lariiiii Mapohhhh

#FurtherAzab/Suffering
#SobYeeSang

Posted by 8dragon > 2022-01-31 17:14 | Report Abuse

Very optimistic 0.60c after cny....

Posted by alenac > 2022-01-31 17:19 | Report Abuse

Wow, the owner will let it fall like a piercing knife before slowly collecting. Probably owner shares not tied to banks as collateral. If not will recover soon to support this counter.

Posted by ampabella > 2022-01-31 17:53 | Report Abuse

day day died

Posted by OKU_2020 > 2022-01-31 19:56 | Report Abuse

Spoiled Yee Sang...Bcoz of You Sh*theng - the KILLER IPO
#FurtherSuffering-AzabSokmo.....

Posted by 12dec1960 > 2022-01-31 21:30 | Report Abuse

X

12dec1960 Quite Unfortunate hvg to go tru such unplesantness
Stay Calm
Brace oneself
Slowly but Surely Will Recover
Upward retracement..
Upward correction soon afterwards.

Back to IPO price
TA Securities Value it at 1.21.
All The Very Best
Gongxi Fa Chai

31/01/2022 9:22

Posted by shpg22 > 2022-01-31 22:30 | Report Abuse

Boss already preparing for delisting in 3 years time. Push the share price to few cent, then offer shareholder 20% premium to take private.

Posted by thebananaleaf > 2022-01-31 22:34 | Report Abuse

@shpg32, how you know? i also think they will privatize but dunno they have plans

Posted by Gerald Liew Wei Han > 2022-01-31 22:52 | Report Abuse

So many companies. Avoid.

Posted by i3lurker > 2022-02-01 10:38 | Report Abuse

hopefully privatize at 6 sen per share



Posted by thebananaleaf > Jan 31, 2022 10:34 PM | Report Abuse

@shpg32, how you know? i also think they will privatize but dunno they have plans

Posted by OKU_2020 > 2022-02-01 10:45 | Report Abuse

8dragon@ Very optimistic 60 sen after cny....
31/01/2022 5:14 PM
--------------
Most likely... After all Yeesang oledi.... Who Cares ?
Beyond Repair this Sh*theng

Posted by ▢ The Box Man > 2022-02-01 11:14 | Report Abuse

ipo price also hard to go back

Posted by Trader2 > 2022-02-01 12:08 | Report Abuse

Buy on dip for medium-term play...

Posted by Diamond7 > 2022-02-01 15:20 | Report Abuse

Agree...buy on dip n be blessed abundantly!

Posted by NatsukoMishima > 2022-02-01 15:34 | Report Abuse

Must cut loss n run right now with the worst IPO in bursa history !

Posted by NatsukoMishima > 2022-02-01 15:35 | Report Abuse

Wil drop to 40 sen soon !

Posted by OKU_2020 > 2022-02-01 17:16 | Report Abuse

Dead Rat.....!!