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.
no sales people approached me. I was waving and jumping up and down to get assistance to buy expensive appliances. 2 or 3 sales staff will see me and they abruptly turn left or right to walk away even though they saw me.
Finally 1 guy comes after like 20 minutes and he tells me no stock. Must wait more than 2 weeks after deposit to place order with manufacturer.
so go to Best outlets no need to wait, sales staff will approach and tell me that will take 2 days to arrange delivery from warehouse or send direct from manufacturer to my house which makes sense...........
=> so this type of Sen Queer company how to make money?
btw every time I buy expensive appliances, which is quite often, I always start with SenQ again to give them another chance to make money....and history repeats itself .... again.....
Posted by Slumberjer > Jan 25, 2022 8:42 AM | Report Abuse
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....
najmie
72 posts
Posted by najmie > 2022-01-22 05:40 | Report Abuse
Wow congrats ktrader...