WEGMANS HOLDINGS BERHAD
KLSE (MYR): WEGMANS (0197)
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Last Price
0.205
Today's Change
0.00 (0.00%)
Day's Change
0.20 - 0.205
Trading Volume
607,300
IPO Info
Offer Period
Opening
2018-02-13
Closing
2018-02-13
Time Table
Allotment Date
2018-03-02
Listing Date
2018-03-06
Price
Issue Price
0.29
Units
500,000,000
Share Capital
0.000
No of Shares
Public Issue
100,000,000
Offer for Sale
50,000,000
Private Placement
60,000,000
Issuing House
TIIH - 676
ISIN Code
MYQ0197OO002
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF 150,000,000 ORDINARY SHARES IN WEGMANS HOLDINGS BERHAD ("WEGMANS") ("SHARE(S)") IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED SHARE CAPITAL OF WEGMANS ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD COMPRISING: (A) A PUBLIC ISSUE OF 100,000,000 NEW SHARES ("ISSUE SHARE(S)") IN THE FOLLOWING MANNER: (I) 25,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (II) 15,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY OUR ELIGIBLE DIRECTORS AND EMPLOYEES AS WELL AS PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF WEGMANS AND ITS SUBSIDIARY; (III) 10,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND IDENTIFIED INVESTORS; AND (IV) 50,000,000 ISSUE SHARES MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY AND (B) AN OFFER FOR SALE OF 50,000,000 EXISTING SHARES ("OFFER SHARE(S)"), MADE AVAILABLE FOR APPLICATION BY WAY OF PRIVATE PLACEMENT TO INSTITUTIONAL AND IDENTIFIED INVESTORS AT AN IPO PRICE OF RM0.29 PER ISSUE SHARE/ OFFER SHARE, PAYABLE IN FULL UPON APPLICATION.
Discussions
3 people like this. Showing 50 of 631 comments
DPS (7198): From furniture maker to a potential property player - Sujibaby
https://klse.i3investor.com/blogs/sujibaby_yongtai/2021-06-16-story-h1...
2021-06-16 13:58
50 cents for this stock ... Remember those coming on the pending orders to be deliver
2021-07-06 12:08
Prospect: The higher US furniture sales were driven by the Covid-19 recovery stimulus and high demand following the lockdowns. Although purchase orders particularly from US customers remain strong, going forward we expect the continuous inflationary pressures may somewhat dampen demand.
Nevertheless, the ongoing trade war between the United States and China, the Russia-Ukraine
conflict and the resulting sanctions have driven importers to secure their sources of supply from SEA countries, including Malaysia
2022-08-24 22:15
Base on my BRIEF study on the QR1 2024 (The latest QR) of Wegmans:
(Note: A comparative figures from QR4 2023 included)
A: Improved its revenue, profitability and NTA.
Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
34,700K 5,572K 4,248K 0.77sen 24sen Up 4% Up 2444%
B: Sitting on positive reserve / Retained profits of RM83,746, 000. It means, the company is a profitable company.
C: Has a moderate cash and cash equivalents of RM 18 mil.
D. Total assets > Total liabilities, Total current assets > Total current liabilities, and its total current liabilities below 50% of its current assets – Means has a low indebtedness risk.
E. Dividend for shareholders – Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023.
THE FINDINGS:
1. NTA 24 sen _ , QR4 2023 @ 23 sen.
2. NOSH 550.54 mil _ , QR4 2023 @ 550.54 mil.
3. EQUITY
Share Capital RM 68,155,000 _ , QR4 2023 @ RM 68,155,000
Treasury shares (RM 94,000) _ , QR4 2023 @ (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR4 2023 @ (RM 22,100,000)
Retained profits RM 83,746,000 _ , QR4 2023 @ RM 82,245,000
Equity Attributable To Owners Of The Company RM 129,707,000 _ , QR4 2023 - RM 128,206,000
Non-Controlling Interest RM 1,575,000 _ , QR4 2023 @ (RM 1,541,000)
TOTAL EQUITY RM 131,282,000 _ , QR4 2023 @ RM 129,747,000
4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM18,243,000 _ , QR4 2023 @ RM 19,855,000
5. Assets:
Current Assets RM 70,774,000 _ , QR4 2023 @ RM 72,635,000
Non-current Assets RM 115,238,000 _ , QR4 2023 @ RM 116,306,000
TOTAL ASSETS RM 186,012,000 _ , QR4 2023 @ RM 188,941,000
6. Liabilities:
Current Liabilities RM 24,555,000 _ , QR4 2023 @ RM 27,860,000
Non-current liabilities RM 30,175,000 _ , QR4 2023 @ RM 31,334,000
TOTAL LIABILITIES RM 54,730,000 59,194,000 _ , QR4 2023 @ RM 59,194,000
7. QR1 2024 results
- Revenue RM 34,700,000 _ , QR4 2023 @ RM 31,417,000
- Profit before tax /(loss) RM 5,572,000 _ , QR4 2023 @ RM 5,315,000
- Net profit/ (Net loss) RM 4,282,000 _ , QR4 2023 @ RM 4,142,000
Note 1:
The Group’s revenue for the current financial quarter ended 31 March 2024 has increased by
RM11.65 million or 50.56% to approximately RM34.70 million as compared to approximately
RM23.05 million in the preceding year corresponding quarter ended 31 March 2023.
The higher revenue was mainly attributed to the higher sales volume from North and South America.
The Group registered a profit before tax of approximately RM5.57 million for the current financial quarter ended 31 March 2024 as compared to profit before tax of approximately RM0.25 million for the preceding year corresponding quarter ended 31 March 2023.
The higher profit before tax was mainly attributed to the higher revenue generated and strengthening of United States Dollar (“USD”) against the RM whereby a majority of the Group’s revenue sales are denominated in USD.
Note 2:
For the current financial quarter ended 31 March 2024, the Group’s revenue has increased by
RM3.28 million or 10.45% to approximately RM34.70 million as compared to approximately RM31.42 million in the preceding financial quarter ended 31 December 2023. The higher revenue was mainly attributed to the higher sales volume from North and South America.
Note 3: Prospects
The Group confronts global economic uncertainties, increased production costs, and foreign currency fluctuations. However, the strengthening of United States Dollar (“USD”) against Ringgit Malaysia is expected to offset the negative impacts as majority of the Group's revenue are denominated in USD.
The Board expects that the Group’s operations for the financial year ending 31 December 2024 to remain profitable amidst a challenging business environment.
1 month ago
Improved its revenue, profitability and NTA.
Revenue PBT Net Profit EPS NTA QoQ(%) YoY(%)
34,700K 5,572K 4,248K 0.77sen 24sen Up 4% Up 2444%
1 month ago
Dividend of 0.5 sen per ordinary share in respect of the financial year ended 31 December 2023 has been paid on 26 March 2024.
1 month ago
The most super slow stock I’ve seen.. Everything is good but cannot go up.. I’m out..
1 month ago
Hot money not yet into furniture stocks, hold tight, the day for wegmans will come soon or later,
1 month ago
Buy call wegman 20.5 cents
Tp 25 cents
Join me as follower or guide(paid)
Over 260 follower no good.
4/7/24 6.15pm
2 weeks ago
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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....
mystery
No operators in wegman, so pity
2021-04-30 17:16