SENHENG NEW RETAIL BERHAD

KLSE (MYR): SENHENG (5305)

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Last Price

0.305

Today's Change

-0.005 (1.61%)

Day's Change

0.30 - 0.31

Trading Volume

1,374,800


3 people like this.

1,353 comment(s). Last comment by donthaveregrets 1 week ago

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse

harga IPO rM1.07. balik RM1 dah puas dah... hehe

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse

ramai taikun biarkan harga saham turun dengan banyak, lepas tu, beli secara besar-besar dengan mengecut.. wait n see... another dark horse to watch this year. senheng sentiasa untung dan bagi dividen jugak ~ dividend yield=3.87%~4% not bad

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse

Keep for 1-2 years, double or triple nanti ;)

Senheng is a leading consumer electronics and electrical products retailer in Malaysia, with a network of over 400 stores nationwide. Senheng has a growth strategy that involves expanding its store space, enhancing its online channel, developing new brand distribution business, and strengthening its back-end capacities and capabilities. According to CGS-CIMB Research, Senheng is expected to post a compounded annual growth rate (CAGR) of 12.7% in revenue and 13.4% in core net profit from 2021 to 2024³. Senheng also aims to capture 30% of the market share by 2025². Senheng's expansion initiatives reflect its understanding of the latest consumer preferences and its commitment to provide customers with a seamless blend of online convenience and engaging in-store experiences¹. Senheng is well positioned to capitalize on the future growth opportunities in the domestic electronics and electrical products segment.

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse

good for senheng

Malaysia’s labour market continued on an improving trend as unemployment rate maintained at post-pandemic low of 3.3% in Dec-23. Overall 2023, the jobless rate averaged at 3.4%. Labour force and employment improved further by +2.0% (2022: +2.6%) and +2.4% respectively.

Unemployed persons declined by -8.1% while outside labour force fell by -0.5%. The unemployed persons dropped further by -0.2%mom to 568K in Dec-23, approximately 49K higher than average jobless persons 519K in 2019. For youth aged 15~24, the unemployment rate averaged at pandemic and post-pandemic low of 10.9% in 2023.

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse

bagus, more buyers for senheng

Tourism Malaysia confident of hitting 27.3mil foreign tourist target this year
Tourism Malaysia director-general Ammar Abd Ghapar says 20 million foreign tourists came to Malaysia last year.

Bernama - 11 Feb 2024, 9:17pm

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse

Wait 1-2 years, double or triple ROI. Cyclical punya

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse

Sentiasa ada untung & dividen

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse

Kita bayar less than 1/3 harga ipo @RM1.07. sungguh berbaloi

Good123

24,497 posts

Posted by Good123 > 2 months ago | Report Abuse



5305 SENHENG SENHENG NEW RETAIL BERHAD
MULTIPLE PROPOSALS
MULTIPLE PROPOSALS
SENHENG NEW RETAIL BERHAD ("SENHENG" OR THE "COMPANY")(I) ACQUISITION OF LAND
TOGETHER WITH THE BUILDINGS ERECTED THEREON, WHICH IS CURRENTLY BEING USED AS A
CENTRAL DISTRIBUTION CENTRE, FOR A PURCHASE CONSIDERATION OF RM75.8 MILLION TO
BE SATISFIED ENTIRELY IN CASH ("ACQUISITION"); AND (II) VARIATION OF THE
UTILISATION OF PROCEEDS RAISED FROM THE COMPANY'S INITIAL PUBLIC OFFERING
("VARIATION")(COLLECTIVELY, REFERRED TO AS THE "CORPORATE EXERCISES")
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

22/12/2023 07:00 AM


Ref Code: 202312223000211

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Senheng rm1.07 ipo price --> 31sen

A big recovery like ynh is expected

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Senheng continues with dividend & profitable, the fall from rm1.07 to 31sen was unwarranted, etc.

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

https://senheng.com/

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

The Leading Retailer In Consumer Electronics
With over 100 stores across Malaysia, we offer our customers a unique shopping experience with the widest choice of consumer electronic products available in the country.

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Latest News
The first Grand senQ in East Malaysia, Now Open at Bintang Megamall, Miri!
November 2, 2023
Read More »
Senheng acquires Central Distribution Centre for RM75.8 million to enhance omnichannel operations
September 25, 2023
Read More »
FRIM, Senheng collaborate in genetic conservation of synchronous fireflies
August 30, 2023
Read More »
Senheng’s expansion strategies pave the way for future growth
August 28, 2023
Read More »
Senheng App Launches S-Coin Redemption Centre, Enhancing Value for PlusOne Members
August 14, 2023
Read More »

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

a respectable dividend yield ~ 2.3% + net assets per share ~36sen

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

31sen/ipo price RM1.07 ~29%, share price has fallen 71%, unreasonable or overdone. Buy before it is too late

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Reserve/retained earnings~RM110mil, share buy back like what ytl did before is very likely :)

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Senheng has a business model that can scale, e.g., bring it to other countries. Look at its app. Download it and try it out!

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Its business model is already moving towards Shopee or Lazada. study it further, yah

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

its market cap is low due to the steep fall from ipo price RM1.07\\

Market Cap RM472.500m

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

ramai tak tahu

www.prnewswire.com › apac › news-releasesSenheng App Embraces Netcore's AI-powered MarTech Platform to...
Jul 27, 2023 · KUALA LUMPUR, Malaysia, July 27, 2023 /PRNewswire/ -- Netcore Cloud, a global MarTech provider, is partnering with Senheng App, Malaysia's leading consumer electronics retailer,

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

IPO Proceeds to be used to upgrade technology infrastructure, existing stores & operations…
Purposes Planned
(RM ’mil)
Actual
(RM ’mil)
Re-allocation
(RM ’mil)
Balance
(RM ’mil)
Estimated time
frame
Enhance customer experience via upgrading and expanding our
chain of retail stores 160.5 (42.8) - 117.7 Within 36 months
of listing
Repayment of bank borrowings 46.0 (46.0) - -
Within 6 months
of listing
Develop new brand distribution business 22.0 (22.0) - -
Within 36
months of listing
Expand and upgrade our warehouse and logistics network 20.0 (20.1) 0.1 -
Within 36
months of listing
Boost our digital infrastructure
• Establish a data lake and upgrading existing technology platform
• Cloud-based disaster recovery system
• Maintenance of our digital infrastructure
9.7 (4.3) - 5.4 Within 36 months
of listing
Listing Expenses 9.3 (9.2) (0.1) -
Within 3 months
of listing
Total 267.5 (144.4) - 123.1

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Market yet to appreciate Senheng’s leading position in consumer E&E retailing and resilient proposition…
tech-enabling tools remain its trump card
INVESTMENT MERITS 24
Share Price (@ 1 Sep 2023) RM0.330
Market Cap ('mil) (@ 1 Sep 2023) RM495.0
PE (ttm) 10.3
Price to Book* (x) 0.9
Valuations based on 1.5 billion shares
ESG-focused and brand
affinity builder
Market leader in
consumer E&E products
in Malaysia
Loyal customer base of
>3.0 million a competitive
edge against peers
Tech-driven operations,
aided by BI and Data
Analytics
Adopter of Innovative
Marketing strategies
Visionary Leadership by
Retail Maverick
Enticing valuation
compared to industry
peers

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Paid dividends of 1.2 sen per share in FY2022… in line with policy of at least 30% to reward shareholders

#VERY TRANSPARENT

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Total NEW Senheng App
downloads of 1.5 million
as of August 2023
• Growing community of 300k
Monthly Active Users (MAU)
• Users can earn valuable S-coins
at any merchant on the Senheng
App and S-Rewards Centre,
bringing more value for users
across the ecosystem
• Enhanced rewards and user
experience driving traffic and
user numbers, boosting Senheng
membership ecosystem
• S-Livestream pillar in
redevelopment to fuel organic
user-generated content and
community building

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

BUILDING THE SENHENG ECOSYSTEM EXPERIENCE
Our goal: To enhance the Senheng brand experience, by creating an ecosystem
with different verticals that makes being part of the Senheng brand worthwhile. With
the app, Senheng customers get a holistic online and offline experience

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Senheng App’s S-Rewards Centre offers satisfying shopping experiences to PlusOne members with
attractive cashback rewards… driving membership growth and heightened ecosystem activity

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Expanding brand distribution business with new brands… leveraging the Group’s deep understanding of
consumer electronics and customer preferences
• Brand Distribution
➢ To introduce more
international brands
featuring smart home &
IOT products

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

grab HAS ACQUIRED JAYA GROCER, IT SHOULD ACQUIRE SENHENG AS WELL.. CHEAP VALUATION NOW & SYNERGY WITH ITS E-HAILING BIZ :)

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

graB + JAYA GROCER + SENHENG , LOT OF SYNERGIES INDEED... :)

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Empowering growth through transforming retail experiences… seamless omnichannel shopping,
nationwide upgrades, and enhanced technology platforms
GROWTH STRATEGIES 8
Territory Champion
Senheng Mobile
AI-enabled
Customer Data Platform
Private Traffic Project

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Empowering growth through transforming retail experiences… seamless omnichannel shopping,
nationwide upgrades, and enhanced technology platforms

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

3-Year
Plan To open 61 new and/or upgraded Territory Champion stores by 2024

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

IPO price RM1.07, now 31sen.... lelong price

warchest

1,741 posts

Posted by warchest > 1 month ago | Report Abuse

They need to do cost-cutting measures. 2 Directors are taking above RM3m of remunerations while 5 management team are taking RM500k per annum. Even the CFO is only 32 years old only while the rest of the management team is quite young. All-in-all, RM6-7m paid to 7 persons

warchest

1,741 posts

Posted by warchest > 1 month ago | Report Abuse

RM500k per person for each management team. That's exorbitant for the level of experiences

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Senheng rm1.07 ipo price --> 31sen

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse


Terlalu tamak. MWDG harus bertindak, dll.

@@@@@@@@@@@@@@@warchest

They need to do cost-cutting measures. 2 Directors are taking above RM3m of remunerations while 5 management team are taking RM500k per annum. Even the CFO is only 32 years old only while the rest of the management team is quite young. All-in-all, RM6-7m paid to 7 persons

2 hours ago


warchest

RM500k per person for each management team. That's exorbitant for the level of experiences

2 hours ago

@warchest

They need to do cost-cutting measures. 2 Directors are taking above RM3m of remunerations while 5 management team are taking RM500k per annum. Even the CFO is only 32 years old only while the rest of the management team is quite young. All-in-all, RM6-7m paid to 7 persons

2 hours ago


warchest

RM500k per person for each management team. That's exorbitant for the level of experiences

2 hours ago

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Details of the Directors’ remuneration for FY2022 in the Group are as follows:-
Company
Fee
RM’000
Salaries,
emoluments,
and statutory
contribution
RM’000
Allowances
RM’000
Bonuses
RM’000
Benefit inkinds
RM’000
Total
RM’000
Senheng New Retail Berhad
Executive Directors
Lim Kim Heng - - - - - -
Lim Kim Chieng - - - - - -
Non-Executive Directors
Lim Kim Yew 60 - - - - 60
Dato’ Yeow Wah Chin 96 - 10 - - 106
Oh Keng Leng 96 - 13 - - 109
Ho Kim Poi 120 - 12 - - 132
Tan Ler Chin 96 - 14 - - 110

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Group
Fee
RM’000
Salaries,
emoluments,
and statutory
contribution
RM’000
Allowances
RM’000
Bonuses
RM’000
Benefit inkinds
RM’000
Total
RM’000
Executive Directors
Lim Kim Heng - 1,383 2 158 24 1,567
Lim Kim Chieng - 1,383 2 158 35 1,578
Non-Executive Directors
Lim Kim Yew 60 - - - - 60
Dato’ Yeow Wah Chin 96 - 10 - - 106
Oh Keng Leng 96 - 13 - - 109
Ho Kim Poi 120 - 12 - - 132
Tan Ler Chin 96 - 14 - - 110

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

shareholdings 2023

1. CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR SQ DIGITAL SDN BHD (PB)
719,600,000 47.973
2. MAYBANK NOMINEES (TEMPATAN) SDN BHD
MAYBANK PRIVATE WEALTH MANAGEMENT FOR SQ DIGITAL SDN
BHD (12022529) (444327)
150,000,000 10.000
3. CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR LIM KIM HENG (PB)
80,300,000 5.353
4. CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR LIM KIM YEW (PB)
80,300,000 5.353
5. CIMSEC NOMINEES (TEMPATAN) SDN BHD
CIMB FOR LIM KIM CHIENG (PB)
80,300,000 5.353
6. CIMB GROUP NOMINEES (TEMPATAN) SDN BHD
CIMB BANK BERHAD (EDP 2)
20,000,000 1.333
7. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD (PHEIM)
12,075,900 0.805
8. CITIGROUP NOMINEES (ASING) SDN BHD
CBNY FOR NORGES BANK (FI 17)
11,148,800 0.743
9. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
DEUTSCHE TRUSTEES MALAYSIA BERHAD FOR EASTSPRING
INVESTMENTS SMALL-CAP FUND
10,323,100 0.688
10. YAYASAN ISLAM TERENGGANU 8,000,000 0.533
11. CARTABAN NOMINEES (TEMPATAN) SDN BHD
PRUDENTIAL ASSURANCE MALAYSIA BERHAD FOR PRULINK
STRATEGIC FUND
6,598,000 0.440
12. MAYBANK NOMINEES (TEMPATAN) SDN BHD
MAYBANK TRUSTEES BERHAD FOR DANA MAKMUR PHEIM (211901)
6,281,300 0.419
13. CARTABAN NOMINEES (TEMPATAN) SDN BHD
PAMB FOR PARTICIPATING FUND
5,199,500 0.347
14. MAJLIS AGAMA ISLAM NEGERI SEMBILAN 5,000,000 0.333
15. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
LEMBAGA TABUNG HAJI (AL-WARA’)
4,758,500 0.317
16. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
EMPLOYEES PROVIDENT FUND BOARD
4,491,700 0.299
17. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (LSF)
4,159,400 0.277
18. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (LEEF)
3,229,600 0.215
19. ALLIANCEGROUP NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR CHIN KUAN WENG
3,002,100 0.200
20. AFFIN HWANG NOMINEES (TEMPATAN) SDN BHD
PLEDGED SECURITIES ACCOUNT FOR SHIN KAM SUN

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

shareholdings 2023

21. LIM KIM HENG 3,000,000 0.200
22. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
DEUTSCHE TRUSTEES MALAYSIA BERHAD FOR EASTSPRING
INVESTMENTS EQUITY INCOME FUND
2,597,200 0.173
23. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
(ESPRING ABSR EQ)
2,378,700 0.159
24. CHIA SEONG POW 2,000,000 0.133
25. KUAN CHOON LIAN 2,000,000 0.133
26. LIM WEE CHAI 2,000,000 0.133
27. CITIGROUP NOMINEES (TEMPATAN) SDN BHD
GREAT EASTERN LIFE ASSURANCE (MALAYSIA) BERHAD (LPF)
1,979,700 0.132
28. DZUHAIRI BIN JAAFAR THANI 1,963,800 0.131
29. MEDILIANCE (M) SDN BHD 1,940,000 0.129
30. DB (MALAYSIA) NOMINEE (TEMPATAN) SENDIRIAN BERHAD
EXEMPT AN FOR AHAM ASSET MANAGEMENT BERHAD
(TSTAC/CLNTT)
1,934,500 0.129
Analysis of Shareholdings
as at 31 March 2023
D. L

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

5-Year Group Financial Highlights
Financial Highlights 1,172,301
61,063
500,865
1,144,862
49,559
587,234
1,294,769
55,637
656,912
1,444,115
65,256
702,897
1,562,219
60,522
850,440
REVENUE
(RM’ 000)
NET PROFIT ATTRIBUTABLE TO
SHAREHOLDERS
(RM’ 000)
TOTAL ASSETS
(RM’ 000)
FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022 FY2018 FY2019 FY2020 FY2021 FY2022
Financial Summary 2018 2019 2020 2021 2022
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER (RM’000)
Revenue 1,172,301 1,144,862 1,294,769 1,444,115 1,562,219
Gross Profit 261,623 245,340 270,001 303,648 340,794
Earnings before Interest, Tax, Depreciation
and Amortisation
113,730 101,300 113,792 127,022 130,962
Profit Before Tax 74,983 61,486 73,615 84,524 85,261
Net Profit Attributable to Shareholders 61,063 49,559 55,637 65,256 60,522
AS AT 31 DECEMBER (RM’000)
Total Shareholders' Fund 85,540 122,862 166,206 233,664 529,122
Total Assets 500,865 587,234 656,912 702,897 850,440
Total Current Assets 281,209 321,071 367,385 431,770 539,671
Total Liabilities 415,325 464,372 490,706 469,233 321,318
Total Borrowings 16,500 45,044 55,192 56,997 24,000
Cash and Bank Balances 23,735 54,412 68,755 51,742 155,492
Net Gearing Ratio N/A N/A N/A 2.3% N/A

Good123

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Posted by Good123 > 1 month ago | Report Abuse

Lim Kim Heng
Non-Independent Executive Chairman
Malaysian Age 62 Male
Date of Appointment 21 May 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Pre-university studies at Tunku Abdul Rahman College in
1980
Member of the Institute of Corporate Directors Malaysia
(“ICDM”) since August 2021

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Lim Kim Chieng
President/Non-Independent Executive Director
Malaysian Age 64 Male
Date of Appointment 21 May 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Pre-university studies at Tunku Abdul Rahman College
in 1979
Member of ICDM since August 2021

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Lim Kim Yew
Non-Independent Non-Executive Director
Malaysian Age 61 Male
Date of Appointment 21 May 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Secondary school education at SMK Sultan Sulaiman
Shah, Selangor in 1980
Member of ICDM since August 2021

Good123

24,497 posts

Posted by Good123 > 1 month ago | Report Abuse

Oh Keng Leng
Independent Non-Executive Director
Malaysian Age 55 Male
Chairperson of Remuneration Committee
Member of Audit and Risk Management Committee
Date of Appointment 14 June 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Bachelor of Commerce degree from University of
Melbourne, Australia in 1992
Member of both the Malaysian Institute of Accountants
and CPA Australia since 1995
Member of ICDM since August 2021

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