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Business Background![]() ![]() ![]() OKU_2020 BOOOO CHOWWW CCCCCCCCCCC THE END for IPO during this BLOOOOODY market #Azab 07/07/2022 9:09 AM OKU_2020 As of now It's collapsing 12% below IPO price.... Will drown to 50 sen { 33% } before closing today... 07/07/2022 10:17 AM VegeBird1219 3-year earnings CAGR of 3.6%, driven by the capacity expansion to meet the increasing demand for vehicle tyres. That said, we believe that the earnings growth will be mitigated by the normalisation of ASPs in the long term from the current elevated levels. We are positive on the group’s dividend policy, with a target payout ratio of at least 50% of earnings. Given the relatively small market cap and lack of track record, we ascribe a 10.5x FY23F P/E, which is at a discount to the FBMSC’s average trading P/E of 12.5x, implying FV of MYR0.76. 07/07/2022 11:50 AM OKU_2020 Oversupply of IPOs.... Lately Wasting time apply IPO... Can get much cheaper on listing day 07/07/2022 1:04 PM redhotpepper this share not really worth 75 sen as claimed...... lol..... perhaps only worth 68 sen only at most. 07/07/2022 4:38 PM Raiz368 They value the ipo price during top glove price above 1.50, now TG around 1.00 only 07/07/2022 4:49 PM OKU_2020 sorry to hear that if u wait further - more to gone - even 50 % to be wiped out Spicy lesson not only u but many innocent newbies - they thought IPO is safe ....NOT ANYMORE Baby ..! 07/07/2022 5:16 PM redhotpepper yes, many innocent newbies trapped in it, kesian. IPO is not anymore safe... 07/07/2022 5:34 PM SK92 Did some research..in the past three years, none of IPO which falls on the first day, could claw back above IPO price. So I decided to cabut eventho its painful..plus just got to know they're utilising 50% of IPO proceeds to settle their bank borrowings 07/07/2022 6:30 PM Warzone Bursa needs KPI. With recent market volatility, bursa onku can keep approve to use Ipo to gain money from market. All Ipo lately like rubbish. 07/07/2022 8:51 PM James Ng [转贴] [Video:浅谈SENG FONG HOLDINGS BERHAD, SENFONG, 5308] - James的股票投资James Share Investing https://klse.i3investor.com/web/blog/detail/general/2022-07-07-story-h1626040446 07/07/2022 9:44 PM redhotpepper This company high level of debt. Of the 68.11M from IPO listing, 37.9M is used to pay bank borrowing. Damn jialat. Wonder how such co to be listed IPO in the first place. All our hard earned money....there it goes.... 07/07/2022 10:40 PM gohkimhock Inflation is high now. We are expecting more interest rate increases. Those companies that have high debts have to be caution.. 07/07/2022 11:59 PM OKU_2020 CAP AYAM IPO..... Of the 68.11M from IPO listing, 37.9M is used to pay bank borrowing. Senfong is like another Sen..that is Senheng - got very high DEBT 50 SEN COMINGG...... 08/07/2022 5:07 AM superdog I don't think need to worry about demand because Sen Fong's primary client is a tyre factory, can foresee the demand will increase in the end of this year 08/07/2022 12:11 PM redhotpepper It depends one few major customers. if major customer not buying, terus menjunam dah 12/07/2022 9:56 AM redhotpepper This is one shitty IPO. Worst among IPO. Go on IPO just to collect money to settle bank loan. Treats the buyer as water fish. Pity those with hard earned money 12/07/2022 5:03 PM redhotpepper Ingatkan raw material all sourced locally. Rupanya mostly imported. Just like what @stockhunter55 says. If one day car production goes down hill, you can imagine what can happen alry as the main customer is tyre manufacturer... 13/07/2022 11:23 AM redhotpepper Very enticing to investor to invest, in prospectus say going to give 50% of Profit to investor as dividend. Newbie saw this mesti beli. Tapi before can give, share holder must approve, bukannya jatuh dari langit :D 15/07/2022 10:01 AM redhotpepper Errrmmmm...petanda baik ke tak baik ??? https://www.malaymail.com/news/money/2022/07/15/european-car-sales-slump-14pc-in-first-half/17599 https://www.malaymail.com/news/money/2022/07/15/stats-dept-natural-rubber-production-63pc-lower-in-may-2022/17571 15/07/2022 5:25 PM ![]() ![]() | |