WEGMANS HOLDINGS BERHAD
KLSE (MYR): WEGMANS (0197)
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Last Price
0.195
Today's Change
+0.01 (5.41%)
Day's Change
0.19 - 0.195
Trading Volume
70,100
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 612 comments
next Monday should watch on these few stocks...the trends are coming, KLCI need rebound, indeed.
2021-03-20 17:23
Ya...rebound can be up and down, klse99 didn't mentioned which of them lol
But this Monday US & China conference make whole world stock unstable tho.
2021-03-25 08:41
Ok…finally the dictator fed up to play dy. They eventually push =) tmr need careful
2021-03-25 17:01
This operator is one of the smartest ever seen, no one dare go near them. Just let them play by themselves for sometimes.....................................hahaha
2021-03-25 17:57
Who say no ones dare LOL @Newmaster
U haven't seen operator mcm BJcorp, the director is more smart enough compare with this.
2021-03-26 08:26
I'd roughly expect what the price will come, but so pity not much volume as the trend has gone.
2021-03-26 08:27
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 QR4 2023 (The latesr QR) of Wegmans:
(Note: A comparative figures from QR3 2023 included)
A: Sitting on positive reserve / Retained profits of RM 82,245,000 (121% of its share capital).
It means, the company is a profitable company.
B: Has a moderate cash and cash equivalents of RM 19 mil.
C. 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.
D. The 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 23 sen _ , QR3 2023 - 23 sen.
2. NOSH 550.54 mil _ , QR3 2023 - 550.54 mil.
3. EQUITY
Share Capital RM 68,155,000 _ , QR3 2023 - RM 68,154,000
Treasury shares (RM 94,000) _ , QR3 2023 - (RM 94,000)
Merger defisit (RM 22,100,000) _ , QR3 2023 - (RM 22,100,000)
Retained profits RM 82,245,000 _ , QR3 2023 - RM 78,161,000
Equity Attributable To Owners Of The Company RM 128,206,000 _ , QR3 2023 - RM 124,121,000
Non-Controlling Interest RM 1,541,000 _ , QR3 2023 - (RM 1,483,000)
TOTAL EQUITY RM 129,747,000 _ , QR3 2023 - RM 125,604,000
4. Cash and Cash Equivalent:
Deposits, bank and cash balances RM 19,855,000 _ , QR3 2023 - RM 12,350,000
5. Assets:
Current Assets RM 72,635,000 _ , QR3 2023 - RM 70,838,000
Non-current Assets RM 116,306,000 _ , QR3 2023 - RM 117,267,000
TOTAL ASSETS RM 188,941,000 _ , QR3 2023 - RM 188,105,000
6. Liabilities:
Current Liabilities RM 27,860,000 _ , QR3 2023 - RM 30,095,000
Non-current liabilities RM 31,334,000 _ , QR3 2023 - RM 32,406,000
TOTAL LIABILITIES RM 59,194,000 _ , QR3 2023 - RM 62,501,000
7. QR1 2024 results - Revenue RM 31,417,000 _ , QR3 2023 - RM 33,505,000
- Gross profit/(loss) RM 5,315,000 _ , QR3 2023 - (RM454,000)
- Net profit/(Net loss) RM 4,142,000 _ , QR3 2023 - (RM852,000)
Note 1:
The Group’s revenue for the current financial quarter ended 31 December 2023 has increased by RM0.75 million or 2.46% to approximately RM31.42 million as compared to approximately RM30.66 million in the preceding year corresponding quarter ended 31 December 2022.
The higher revenue was mainly attributed to the higher sales volume from Malaysia.
The Group registered a profit before tax of approximately RM5.32 million for the current financial quarter ended 31 December 2023 as compared to profit before tax of approximately RM3.42 million for the preceding year corresponding quarter ended 31 December 2022.
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 December 2023, the Group’s revenue has decreased by RM2.09 million or 6.23% to approximately RM31.42 million as compared to approximately RM33.51 million in the preceding financial quarter ended 30 September 2023. The lower revenue was mainly due to lower sales volume from North and South America.
Despite decrease in revenue, the Group registered a profit before tax of approximately RM5.32 million for the current financial quarter ended 31 December 2023 as compared to a loss before tax of approximately RM0.45 million for the preceding financial quarter ended 30 September 2023. The loss before tax was consequent upon the Company’s prudent decision to provide full allowance for the impairment loss on a trade receivable of approximately RM8.00 million.
Note 3: Prospects
Despite the challenging global economic outlook, the Board will regularly review the performance and progress of the Group’s operations and financial performance as well as introduce measures to minimise our operating costs.
The Board expects that the Group’s operations for the financial year ending 31 December 2024 to remain profitable amidst a challenging business environment.
2 months ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
kc1991
Hmmm...
2021-03-19 17:35