SYNERGY HOUSE BERHAD
KLSE (MYR): SYNERGY (0279)
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Last Price
1.13
Today's Change
0.00 (0.00%)
Day's Change
1.10 - 1.15
Trading Volume
120,100
IPO Info
Offer Period
Opening
2023-05-12
Closing
2023-05-12
Time Table
Allotment Date
2023-05-30
Listing Date
2023-06-01
Price
Issue Price
0.43
Units
500,000,000
Share Capital
67,419,002.000
No of Shares
Public Issue
80,000,000
Offer for Sale
50,000,000
Private Placement
42,500,000
Issuing House
TIIH - 737
ISIN Code
1234
Prospectus:
INITIAL PUBLIC OFFERING ("IPO") OF 130,000,000 ORDINARY SHARES IN SYNERGY HOUSE BERHAD ("COMPANY" OR "SYNERGY") ("SYNERGY SHARES" OR "SHARES") ON THE ACE MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") COMPRISING: (I) PUBLIC ISSUE OF 80,000,000 NEW SYNERGY SHARES IN THE FOLLOWING MANNER: (A) 25,000,000 NEW SYNERGY SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 12,500,000 NEW SYNERGY SHARES AVAILABLE FOR APPLICATION BY ELIGIBLE PERSONS; (C) 30,000,000 NEW SYNERGY SHARES AVAILABLE BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (D) 12,500,000 NEW SYNERGY SHARES AVAILABLE BY WAY OF PRIVATE PLACEMENT TO BUMIPUTERA INVESTORS APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY ("MITI"), AND (II) OFFER FOR SALE OF 50,000,000 EXISTING SYNERGY SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED BUMIPUTERA INVESTORS APPROVED BY THE MITI; AT AN IPO PRICE OF RM0.43 PER SHARE PAYABLE IN FULL UPON APPLICATION.
Synergy House Berhad - Prospectus (Part 1).pdf
Synergy House Berhad - Prospectus (Part 2).pdf
Synergy House Berhad - Prospectus (Part 3).pdf
Synergy House Berhad - Detailed Procedures for Application and Acceptance.pdf
Discussions
Be the first to like this. Showing 50 of 600 comments
The B2C segment continues to show strong growth, now accounting for 54% of total revenue, up from 52.2% in 1Q24. The summer season in the US began late in 2Q, leading to increased consumer spending on outdoor furniture and other necessities rather than Synergy’s indoor furniture.
2024-08-19 15:50
Director shows confidence by buying back shares. What are you waiting for 😁
https://klse.i3investor.com/web/insider/detail/D_180593_3331877763
2024-08-19 22:08
buy more SYNERGY !! B2C segment showing strong growth, making up of 54% of total revenue, up from 52.2% in 1Q24.
2024-08-20 16:22
Synergy are very possible to breakout soon, Rhb tp are achievable in 2-3 month
2024-08-21 16:23
The management is optimistic about global e-commerce growth. Next QR will be outstanding
2024-08-21 18:04
The U.S. bedroom furniture market size is expected to reach $72.48 billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030 🔥
https://www.woodworkingnetwork.com/furniture/bedroom-furniture-market-reach-7248-billion-2030
2024-08-21 20:18
Synergy alrdy deliver result from 2022 -2023 and will continue in 2024, keep buying below 1.10
2024-08-22 16:08
Great interview. Have high hope that the company will turn green in the next quarter
2024-08-22 20:19
ez for synergy lah, recent issue are just short term better aim for long term growth
2024-08-23 15:32
Actually Synergy was making profits one if deducted the provision of bad debts
2024-08-23 17:06
Synergy house will benefit from the Wayfair platform as well as the potential to establish new recurring revenue streams through partnerships with other local furniture manufacturers
2024-08-26 11:26
wayfair is a good platform.... see how synergy make a turnaround in 2H 2024
2024-08-26 16:29
Furniture on Wayfair is on sale right now !
https://www.usatoday.com/story/money/reviewed/2024/08/25/wayfair-labor-day-sale/74944127007/
2024-08-26 16:38
B2C segment are having a strong growth, making up of 54% of total revenue, up from 52.2% in 1Q24. 2H sales are very likely to improve again
2024-08-27 15:50
The company has a dominant position in B2C sales and has established a strong presence on third-party e-commerce platforms in the United States, the United Kingdom, Canada, and Germany. Invest it with confidence 👍
2024-08-27 18:33
The US Furniture Market Report 2022 stated that the US furniture market is expected to reach a value of US$288.9 billion (RM1.35 trillion) by 2026, with a compound annual growth rate of 4.47% from 2022 to 2026.
2024-08-28 16:21
Malaysia exported RM13.86 billion of furniture globally in 2022, with the US being its top export destination at RM7.24 billion or 52.2% of the nation’s total furniture exports last year. Malaysia was the US’ sixth largest source of imported furniture in 2022, accounting for 2.78% of its total furniture and bedding import value.
2024-08-28 16:21
UK eco-friendly furniture market sees significant growth as consumer demand rises, driven by sustainability and environmentally conscious choices. Will Synergy House explore into eco-friendly furniture ? 😀
https://www.einnews.com/pr_news/739003983/surging-demand-for-eco-friendly-furniture-drives-market-growth-in-the-uk
2024-08-29 18:11
Maintain BUY and MYR1.55 TP, 22% upside and c.2% FY25F yield. We trim our FY24F EPS by 3.5% but keep our FY25F earnings and TP, on expectations of margin recovery. We remain positive on Synergy House’s prospects driven by its expansion into higher price-point segments on business-to-consumer (B2C) e-commerce platforms. Manpower costs should stabilise from FY25F as it approaches its target headcount. Coupled with stronger year-end festive sales and expected improving operational efficiency in FY25F, we believe SYNERGY remains an attractive investment opportunity.
3 weeks ago
Next game plan – unlocking premium segment. To sustain the revenue growth momentum, Synergy is focused on its continuous expansion into new platforms and countries while diversifying its product offering into other categories and exploring higher price-point segments in the B2C market in collaboration with international e-commerce platforms
1 week ago
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4.9 / 5.0
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KaiserKazer
if close above 1.15 then very huat lor, mb next week got chance
2024-08-16 16:29