Dato’ Yeow Wah Chin Independent Non-Executive Director Malaysian Age 63 Male Chairperson of Nomination Committee Member of Remuneration Committee Date of Appointment 14 June 2021 Number of Board Meetings Attended 8/8 Academic/Professional Qualification(s): Bachelor of Economics (Honours) degree from Universiti Kebangsaan Malaysia in 1984 Bachelor of Laws (Honours) degree from University College of Wales, Aberystwyth, United Kingdom in 1991 Called to the Malaysian Bar as an advocate and solicitor in 1993 Member of ICDM since August 2021
Ho Kim Poi Independent Non-Executive Director Malaysian Age 60 Female Chairperson of Audit and Risk Management Committee Member of Nomination Committee Date of Appointment 14 June 2021 Number of Board Meetings Attended 8/8 Academic/Professional Qualification(s): Bachelor of Science degree from University of Adelaide, Australia in 1987 Master of Business Administration from the University of Lincoln, United Kingdom in 2001 Member of the Malaysian Institute of Accountants and CPA Australia since 1990 and 1991 respectively Member of ICDM since August 2021
Tan Ler Chin Independent Non-Executive Director Malaysian Age 63 Female Member of Audit and Risk Management Committee Member of Nomination Committee Member of Remuneration Committee Date of Appointment 14 June 2021 Number of Board Meetings Attended 8/8 Academic/Professional Qualification(s): Bachelor of Economics (Honours) degree from Universiti Kebangsaan Malaysia in 1983 Member of ICDM since August 2021
Academic/Professional Qualification(s): Fellow member of Association of Chartered Certified Accountants Member of Malaysian Institute of Accountants Mr. Mah joined Senheng Electric (KL) Sdn Bhd in 2008 as the Head of Finance Division, and was later promoted to hold the position of Chief Financial Officer in 2016. Since 6 December 2022, Mr. Mah is a Senior Vice President of Human Resource, Admin and Corporate Compliance Divisions to Senheng New Retail Berhad’s Group. Mr. Mah has more than 25 years of experience in the manufacturing and retail industries with a focus in areas covering finance & accounting, corporate finance, corporate management, governance, risk management and compliance
Kiew Kor Shin Chief Financial Officer / Vice President of Finance Phang Weng Nam Senior Vice President of Digital Commerce and Supply Chain Academic/Professional Qualification(s): Fellow member of Association of Chartered Certified Accountants Member of Malaysian Institute of Accountants Mr. Mah joined Senheng Electric (KL) Sdn Bhd in 2008 as the Head of Finance Division, and was later promoted to hold the position of Chief Financial Officer in 2016. Since 6 December 2022, Mr. Mah is a Senior Vice President of Human Resource, Admin and Corporate Compliance Divisions to Senheng New Retail Berhad’s Group. Mr. Mah has more than 25 years of experience in the manufacturing and retail industries with a focus in areas covering finance & accounting, corporate finance, corporate management, governance, risk management and compliance. Academic/Professional Qualification(s): Member of Association of Chartered Certified Accountants Member of Malaysian Institute of Accountants Ms. Kiew began her career as an account executive in Senheng Electric (KL) Sdn Bhd and was promoted as Head of Department for Corporate Accounts Department in 2014 to 2019. She was then promoted to hold the position as Division Head of Finance to Senheng New Retail Berhad’s Group (the “Group”). She was promoted as a Vice President of Finance on 1 June 2022 and was subsequently appointed to hold the position as a Chief Financial Officer of the Group on 1 July 2022. Ms. Kiew is a Chartered Certified Accountant with over 8 years of experience in corporate accounting, financial planning, and analysis. As the Chief Financial Officer, she oversees the overall finance-related matters for the Group, including financial compliance, reporting, and funding. She has a solid background in managing treasury, tax, and audit matters and has a track record of successful financial management and planning. Academic/Professional Qualification(s): Bachelor of Science (Human Resource Development), Universiti Teknologi Malaysia Mr. Phang began his career and joined Senheng Electric (KL) Sdn Bhd as an operation and sales executive in 2004. Over the years, Mr. Phang held the position as Division Head for Digital Gadgets and was subsequently promoted to become Vice President of Digital Commerce in September 2020. Since 1 June 2022, Mr. Phang holds the position as a Senior Vice President of Digital Commerce and Supply Chain. Mr. Phang has more than 16 years of experience in supply chain management, digital commerce, and operations. He is responsible for driving the growth of our Group’s online business and implementing supply chain strategies to enhance operational efficiency. Age 50 Male Malaysian Age 32 Female Malaysian Age 42 Male Malaysian
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
this is a dinosaur business with overloaded highly paid directors and management team. the share price reflects it poor financials and working capital management. the highly paid management team some early 30s but with monthly salary of RM50k a month.
despite going to 3 outlets, wanted to buy twin door fridge, TV and washing machine, all dun have stock and must pay booking, wait 2 months, cannot sell demo model.
Go to Best, all have stock and promise deliver in less than 7 days. 😁
Posted by KopioDinosaur > 3 minutes ago | Report Abuse
The group is intensifying its online and social media marketing campaigns, as well as rewards and promotions to drive sales. These efforts aim to boost traffic, increase customer footfall, and enhance PlusOne membership engagement
Concurrently, the Group is refining its omnichannel retail model to enhance the overall shopping experience. In 2024, the Group is heightening its focus on improving online presence, e-commerce, and social media channels, alongside its integrated Offline-Merge-Offline retail strategy, to provide seamless shopping experiences in line with latest retail trends.
Additionally, the Group is executing its Territory Champion store expansion and upgrading program to enhance in-store experiences nationwide and boost per-store sales.
NBV per share and retained earnings/reserves UP UP :)
SENHENG NEW RETAIL BERHAD Registration No. 202101019079 (1419379-T) Unaudited Condensed Consolidated Statements of Financial Position As at 31 December 2023 Unaudited Audited As at 31.12.2023 As at 31.12.2022 Note RM RM ASSETS Non-current assets Property, plant and equipment 243,885,713 155,346,086 Right-of-use assets 110,252,534 115,977,283 Intangible assets 120,402 15,818 Deferred tax assets 7,508,247 11,975,766 Other receivables 26,949,438 27,453,389 Total non-current assets 388,716,334 310,768,342 Current assets Inventories 269,584,896 250,055,392 Other investments 17,427,928 26,433,045 Trade and other receivables 111,109,877 92,117,285 Current tax assets 23,543,118 15,573,657 Cash and cash equivalents 87,368,474 155,491,750 Total current assets 509,034,293 539,671,129 TOTAL ASSETS 897,750,627 850,439,471 EQUITY AND LIABILITIES Equity attributable to the owners of the Company Share capital 427,867,671 427,867,671 Reserves 116,213,910 101,254,170 Total equity 544,081,581 529,121,841 Non-current liabilities Lease liabilities 59,449,936 72,948,956 Deferred tax liabilities 82,368 24,705 Provision for restoration costs 6,495,486 5,789,149 Contract liabilities 41,081,267 42,762,109 Total non-current liabilities 107,109,057 121,524,919 Current liabilities Trade and other payables 95,920,087 101,733,753 Lease liabilities 30,832,419 28,091,495 Provision for restoration cost 1,278,598 884,630 Contract liabilities 46,507,003 44,490,906 Borrowings 22 71,500,000 24,000,000 Current tax liabilities 521,882 591,927 Total current liabilities 246,559,989 199,792,711 Total liabilities 353,669,046 321,317,630 TOTAL EQUITY AND LIABILITIES 897,750,627 850,439,471 Net assets per share (sen) 36.27 35.27
In **Malaysia**, consumer spending is expected to exhibit resilience in **2024** despite the weakening of the ringgit against the US dollar. Here are some key points:
1. **Improving Labor Market**: The ongoing improvement in the labor market plays a pivotal role. The anticipated jobless rate is projected to average **3.2%** in 2024, slightly down from **3.4%** in the previous year. This positive trend reinforces robust consumer confidence.
2. **Manageable Inflation**: The manageable inflationary pressure, projected by the Finance Ministry at **2.1% to 3.6%**, adds stability to the economic landscape. Individuals can make informed purchasing decisions without excessive price hikes.
3. **Distributive Trade Index (DTI)**: In January 2024, Malaysia's DTI increased by **3.5%** year-on-year. The positive momentum is driven by an improved labor market and manageable inflationary pressures. Gains were observed across retail trade, motor vehicles, and wholesale trade.
4. **Sales Growth Outlook**: Kenanga Research projects overall sales growth to accelerate in 2024, driven by strong domestic demand and a stable, lower unemployment rate. They maintain a forecast of an **8%** increase in DTI, up from **7.7%** in 2023.
5. **Gross Domestic Product (GDP)**: RHB Research maintains an optimistic view of the manufacturing sector, expecting a rebound. The export-oriented segment, buoyed by technology upswing and China's gradual economic recovery, contributes to the overall growth outlook.
In summary, while external factors like currency fluctuations exist, Malaysia's consumer spending resilience remains supported by labor market improvements and inflation management¹³. 🌟💰
5305CG SENHENG-CG SENHENG-CG: CW SENHENG NEW RETAIL BERHAD Listing Information & Profile for Structured Warrants Instrument Category : Structured Warrants Instrument Type : CALL WARRANTS Description : European Style Non-Collateralised Cash Settled Underlying Stock : SENHENG NEW RETAIL BERHAD Issuer : MAYBANK INVESTMENT BANK BERHAD Stock Code : 5305CG Stock Short Name : SENHENG-CG ISIN Code : MYL5305CGY40 Board : Structured Warrants Sector : CONSUMER PRODUCTS & SERVICES Initial Listing Information : Listing Date : 08/05/2023 Term Sheet Date : 05/05/2023 Issue Date : 05/05/2023 Issue / Ask Price : Malaysian Ringgit (MYR) 0.1500 Issue Size in Unit : 100,000,000.0000 Maturity Date : 30/04/2024 Name of Guarantor: Not Applicable Name of Trustee: Not Applicable Coupon/Profit/Interest/Payment Rate: Not Applicable Coupon/Profit/Interest/Payment Frequency: Not Applicable Redemption: Not Applicable Exercise/ Strike/ Conversion Price : Malaysian Ringgit (MYR) 0.5800 Revised Exercise/ Strike/ Conversion Price : Exercise/ Conversion Ratio : 0.5:1 Revised Exercise/ Conversion Ratio : Settlement Type/ Convertible into : Cash Name and contact details of the market maker (if applicable) : Equity & Commodity Derivatives c/o Maybank Investment Bank Berhad 32nd Floor, Menara Maybank 100, Jalan Tun Perak 50050 Kuala Lumpur Tel: 03-2059 1888 Circumstances under which the market maker may not be able to provide quotes (if applicable) : Please refer to Section 4.4 of the Base Prospectus dated 8 December 2022. Remarks : 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
at current dirt cheap price, the mgmt would have approached some fund mgrs to buy their shares. i think the fund mgrs would have given them some tips for improvements. stay invested.. dirt cheap indeed
Senheng New Retail Berhad has a total shareholder equity of MYR544.1M and total debt of MYR71.5M, which brings its debt-to-equity ratio to 13.1%. Its total assets and total liabilities are MYR897.8M and MYR353.7M respectively. Senheng New Retail Berhad's EBIT is MYR33.6M making its interest coverage ratio -51.9. It has cash and short-term investments of MYR104.8M.
Industry average yield 3.7% Next dividend pay date n/a Ex dividend date n/a Dividend per share RM0.014 Earnings per share RM0.017 Dividend yield forecast in 3Y 4.7%
Top Shareholders Top 25 shareholders own 82.76% of the company Ownership Name Shares Current Value Change % Portfolio % 58% Sq Digital Sdn Bhd 869,600,000 RM256.5m 0% no data 5.68% Kim Heng Lim 85,155,600 RM25.1m 0% no data 5.53% Kim Chieng Lim 82,990,600 RM24.5m 0% no data 5.42% Kim Yew Lim 81,300,000 RM24.0m 0% no data 1.33% CIMB Group Holdings Berhad, Asset Management Arm 20,000,000 RM5.9m 0% 0.45% 1.3% Eastspring Investments (Singapore) Limited 19,518,300 RM5.8m 0% 0.01% 1.1% Employees Provident Fund of Malaysia 16,567,600 RM4.9m 0% no data 0.74% Norges Bank Investment Management 11,148,800 RM3.3m 0% no data 0.62% Great Eastern Life Assurance (Malaysia) Berhad, Insurance Investments 9,368,700 RM2.8m 0% 0.03% 0.53% Yayasan Islam Terengganu, Endowment arm 8,000,000 RM2.4m 0% 4.08% 0.42% PHEIM Asset Management Sdn Bhd 6,281,300 RM1.9m 0% 0.96% 0.33% Majlis Agama Islam Negeri Sembilan 5,000,000 RM1.5m 0% no data 0.32% Lembaga Tabung Haji, Endowment Arm 4,758,500 RM1.4m 0% 0.01% 0.2% Kuan Weng Chin 3,002,100 RM885.6k 0% no data 0.2% Kam Sun Shin 3,000,000 RM885.0k 0% no data 0.16% Kumpulan Wang Persaraan 2,378,700 RM701.7k 0% no data 0.13% Wee Chai Lim 2,000,000 RM590.0k 0% no data 0.13% Seong Pow Chia 2,000,000 RM590.0k 0% no data 0.13% Choon Lian Kuan 2,000,000 RM590.0k 0% no data 0.13% Dzuhairi Bin Jaafar Thani 1,963,800 RM579.3k 0% no data 0.13% Mediliance (M) Sdn. Bhd. 1,940,000 RM572.3k 0% no data 0.13% CVC Capital Partners Limited 1,934,500 RM570.7k 0% no data 0.067% Daiwa Asset Management Co., Ltd. 998,600 RM294.6k 0% no data 0.016% Ler Tan 240,000 RM70.8k 0% no data 0.016% Kim Ho 240,000 RM70.8k 0% no data
Don't think so. Rather use it to pay cash dividend as fund mgmt unit trusts companies are holding the shares. 1.5bil shares issued , enough for trading etc.
@aft7753
Very cheap price at 0.29 !
Can Senheng gives bonus issue with its available reserves ???
GRAB has acquired jaya grocer, maybe, at dirt cheap price now, GRAB might acquire senheng from the founder. GRAB & Senheng have synergy, grab has a digital bank to finance purchases and delivery / logistics means for all customers of senheng... wait n see.
Bang, diff industries. Also unfair to evaluate senheng based on its performance during the pandemic and even 2023-24, consumers are adjusting spending due to change of econ policies, etc. Fairer to invest for 3-5 years from now. Assess senheng's performance from 2025 to 2027 hehe
@aft7753
Unique listed on 05-08-2022 PE @ 15
20-02-2024 1 warrant for every 2 existing ordinary shares of Unique
Malaysia market has been under-appreciated with the KLCI only recording 2 positive returns (in 2017 and 2020) over the past 10 years. This is mainly due to foreign fund selling, inconsistent policy follow-through, along with external forces such as the US sticking to higher rates for a longer period and a sluggish recovery in China.
However, things have improved since the 2H of last year and this strong momentum persists into 2024, with KLCI registering +6.7% gains YTD as of Feb 2024, indicating signs of renewed optimism towards the Malaysia market. Despite the recent rally, we hold a positive view on Malaysia market over the medium to long term. $$$$$$$$$$$$
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Dato’ Yeow Wah Chin
Independent Non-Executive Director
Malaysian Age 63 Male
Chairperson of Nomination Committee
Member of Remuneration Committee
Date of Appointment 14 June 2021
Number of Board Meetings Attended 8/8
Academic/Professional Qualification(s):
Bachelor of Economics (Honours) degree from Universiti
Kebangsaan Malaysia in 1984
Bachelor of Laws (Honours) degree from University
College of Wales, Aberystwyth, United Kingdom in 1991
Called to the Malaysian Bar as an advocate and solicitor
in 1993
Member of ICDM since August 2021