| Latest Forum Topics / OceanScape Intl Last:0.007 -- |
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IPO shares. E Commerce
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Thiamm
Veteran |
07-Sep-2020 10:07
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Mgmt team buying up more shares to vote at EGM?   |
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2020st
Member |
07-Sep-2020 09:55
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Dont think so.. now the BB try to shake the retail investor at $0.23 out.. once you put in sell queue, it will be bought by them  But this counter cannot do contra ok .. as the price is keep pressed .. This morning.. lots of 100 shares throw at higher price to " buy up" to $0.245.. if you retail investor.. u will feel the pinch.. want to sell at $0.24 but now $0.23 But later, i think they will move the price to $0.24 once again so all those miss the boat one will sell at $0.235. Then tomorrow try to press down the price again.. Sighed..  i see tmr..   
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redbull888
Veteran |
07-Sep-2020 09:50
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highest volume today | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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easywin
Supreme |
07-Sep-2020 09:47
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Good bargaining price at 0.23, now still available. Dun know still got cheaper or not later? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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2020st
Member |
07-Sep-2020 09:30
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mikethong88
Elite |
06-Sep-2020 21:45
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thanks for the info
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FrancisLim
Elite |
06-Sep-2020 21:10
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It compares itself against Baozun Inc, whose business model is the same as per Bloomberg description. Baozun PE is 51 times. Synagie Corporation 1H2020 (half year)  EPS is 1.36, say 2nd half income is half of 1H2020(unlikely, as accretion effect and so far, Covids has not gone away) the full year 2020 , Eps IS 2.04. 51 x 2.04= $1.04 If we use UOB Kay Hian valuation of sales per share (discounted) and take the sale for 2nd Half 2020 normalised to half of 1H 2020(unlikely due to accretion effect) the 2020 sale will be 38 + 19= 57.    Per share 57/305=18.69 Take UOB KH discounted basis of 4.2 * 18.69= 78  cents  (This is very conservative due to the discount factor and the assumption that sale in 2H will only be half of 1H). The IFA report is biased comparing againt the valution of Y Venture,  whose 1H 2020 shows US$299K profit.  2019 FS qualified by auditors.  It had financial irregularities after its IPO.  Recently its CFO resigned. Therefore the whole scheme of buy-out at the propsoed valuation is to rob the miniority shareholders of the benefits of a turnaround. We hope the other investors like Alibaba, Gobi Fund would reconsider the offer, and not damage its reputation for the short term gain on the minority shareholders.,    |
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FrancisLim
Elite |
06-Sep-2020 17:09
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In May 2020, Synagie, the Company published the shareholders' Q& A, this sounded very different from the current position when it is trying to buy the Company cheap, and to take over the profitable part of the operatios after over 2 years of shareholders' investment. Quote: SHAREHOLDERS&rsquo QUESTIONS AND ANSWERS The Board of Directors (the &ldquo Board&rdquo ) of Synagie Corporation Ltd. (the &ldquo Company&rdquo and together with its subsidiaries, the &ldquo Group&rdquo ) wishes to thank shareholders for submitting their questions in advance of the Annual General Meeting (&ldquo AGM&rdquo ) to be held by electronic means on 28 May 2020 at 2.00 p.m. The Company wishes to inform shareholders that it has received questions from shareholders which are overlapping and/or similar in nature. Accordingly, the Company has consolidated such questions and have made editorial amendments to some of the questions to ensure that they are clear. For the avoidance of doubt, the editorial amendments do not change the meaning of the questions received by the Company. According, the following are responses to the substantial and relevant questions raised by shareholders: Q1. What is the anticipated impact on business operations and profitability in FY2020 given the COVID-19 situation? Ans: The COVID-19 pandemic has fast-tracked the adoption of e-Commerce. According to mobile analytics firm App Annie, weekly downloads of shopping apps in Thailand, Indonesia, Vietnam, and Singapore jumped at least 10% in the week of March 221 , as social distancing measures prompted the shift towards online shopping. As of the date of this response, the Company does not expect its core businesses to be significantly impacted by the COVID-19 pandemic, mainly due to the resilience of the Group&rsquo s business model and increased acceptance of e-Commerce. However, the outbreak of COVID-19 may have an impact on the speed of our geographical expansion as well as the onboarding of new Brand Partners during this period. Notwithstanding the above, the Group is continuously monitoring the developments of the COVID-19 pandemic and assessing its impact on the Group&rsquo s operations, if any. The Company will make the relevant announcement(s) as and when there are material developments. Q2. How long will it take for the Group to reach its break-even point? Ans: The Company is unable to make any forecast or prospective statements. However, the Board and Management would like to assure shareholders that the Company is working on finding the right balance between profitability and growth. 1 https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/covid-19-whets-appetitefor-e-commerce-in-southeast-asia-but-bottlenecks-remain-57985529 2 Q3. Does Synagie have any plans to issue / pay dividends? Ans: The Company currently does not have a fixed dividend policy. The form, frequency and amount of future dividends will depend on the performance and operational needs of the Group (including but not limited to factors such as the Group&rsquo s earnings, general financial position, results of operations, capital requirements, cash flow, general business condition, development plans and other factors that the Directors may, in their absolute discretion, deem appropriate). Therefore, there can be no assurance that dividends will be paid in the future or of the amount or timing of any dividends that will be paid in the future. Q4 What is Synagie&rsquo s business model? Are there other listed companies with similar business model? Ans: Synagie helps its Brand Partners which include SMEs and MNCs such as Johnson & Johnson and Kimberly Clark execute their e-Commerce strategies by providing an endto-end solution for them to sell their goods and services to consumers across multiple online marketplaces such as Lazada and Shopee. Through Synagie&rsquo s cloud-based technology platform, Synagie&rsquo s Brand Partners can manage their e-Commerce value chain from product cataloguing, content and channel management, digital marketing, customer service to warehousing and last mile delivery. To support our e-Commerce business, Synagie also provides our Brand Partners with on-demand warehousing services and last mile delivery via our E-logistic segment. Our E-logistics model is asset light as we do not own any warehouses or delivery vehicles but instead work with our third-party logistics partners to manage the entire logistics and fulfilment process via our Synagie Platform. For our insurtech business, we provide our Brand Partners with third party administration (TPA) solutions for extended warranty and accidental damage protection services as well as after sales support and call centre services. Our Insurtech Brand Partners include various Fortune 500 companies in the computer, communication and consumer electronics or 3C sector, who engages Synagie to serve as an administrative intermediary between them and the insurance partners, reducing the administrative burden borne by both parties. Our TPA Subsidiary&rsquo s team in Singapore has provided services to customers from countries across Asia including Singapore, India, Hong Kong and Malaysia For detailed information of the Group&rsquo s business model, please refer to the IPO offer document on SGX portal or our company website http://investor.synagie.com/financialinformation/. Most of our competitors are private companies. Baozun Inc., which is listed on NASDAQ (stock code: BZUN) has a similar business model. Baozun&rsquo s key market is China while Synagie&rsquo s focus is in South East Asia. Q5 What is Synagie future expansion plans? Ans: The Group has established its operations in Singapore, Malaysia, Philippines, Vietnam, and Thailand. The Group will continue to expand its operations in these countries and to establish its presence in other Southeast Asia countries. When market condition improves from the effects of the COVID-19 pandemic, the Group plans to establish itself in Indonesia and accelerate the onboarding of new Brand Partners in the rapidly growing e-Commerce markets of Malaysia, Thailand, Philippines and Vietnam by leveraging on its appointment as a regional Lazada Partner since August 2019. We do not expect the effects arising from the COVID-19 pandemic to be significant to the Group. 3 Q6 Who is Synagie&rsquo s biggest competitor in Southeast Asia? Ans Our main competitors include aCommerce, Arriva and Jet Commerce. Q7 W What is Synagie&rsquo s competitive advantage as compared to its competitors? Ans We believe that our competitive strengths include: &bull Our capability to provide end-to-end e-Commerce solutions covering all aspects of the e-Commerce value chain via our Synagie Platform &bull Our scalable asset-light E-logistics model that is easily transferable across industries and jurisdictions &bull Our strong relationships with our Brand Partners and our distribution channel partners and &bull Our committed and experienced management team with a proven track record. By order of the Board of SYNAGIE CORPORATION LTD. LEE SHIEH-PEEN CLEMENT EXECUTIVE DIRECTOR AND CHIEF EXECUTIVE OFFICER 27 May 2020 This announcement has been prepared by  |
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Alvin2042
Master |
06-Sep-2020 16:37
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Noting against the "No" voters. But I see the outcome will be approved with ease.
Unless u can see a group of investors holding more than 10% shares coming out next week and rallying for the No vote. |
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Thiamm
Veteran |
06-Sep-2020 15:45
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Have greedy mgmt ....... long term haiz | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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mikethong88
Elite |
06-Sep-2020 15:41
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vote them out. retail shareholders more than 50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Thiamm
Veteran |
06-Sep-2020 15:35
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This one Management wants to sell money making business to themselves ....... not easy to block | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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shadow11
Veteran |
06-Sep-2020 14:57
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Yes you are right. Using dcf model to value synagie.
The top like is growing consecutively for the last few yrs. Bottom line just turn in 4mio profit for half a yr. Technology growth sector should value this with 15-20x multiple pe. IPS secura at one trading day also value at 30x. Who say synagie can't. Jiayou synagie.
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mikethong88
Elite |
06-Sep-2020 14:14
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wow. synagie is worth $0.94 Thanks for the analysis. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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2020st
Member |
06-Sep-2020 14:01
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elow are the data sources, inputs and calculation used to determine the intrinsic value for Synagie.
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
  Discounted Cash Flow Calculation for Catalist:V2Y using 2 Stage Free Cash Flow to Equity The calculations below outline how an intrinsic value for Synagie is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst' s estimates of cash flows going forward 10 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.
 
 
Learn more about our DCF calculations in Simply Wall St&rsquo s analysis model. Close |
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2020st
Member |
06-Sep-2020 13:56
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I cant believe the founder says the business is not sustainable!! if you see the year on year, it is making more revenue every year!! Just that they dont want to look it to profit and declare dividend.. all " expenses" took profit away. If business is not sustainable why they use the profit this year to open another office in Phillippines?? This half year FY ot $4M for sure next remaining FY is about there or even more !! Remember we have 9/9 for lazada, 11/11 crazy shopping day????  I know about this business will grow and grow in the covid and post-covid times.!! if you are a retailer and wants to go online, you have to advertise all the ecommerce platform yourself, waste time, waste money and also have to coordinate the orders from muitple ecommerce website. Synagie has Software as a service that charges $0.25 per transaction i read somewhere.. this so good.... It is like in the olden days, you advertise google ads, yahoo! ads, and yellowpages your self but now , a media advertising company does all the work for you! But Syangie bring it to another level, not only adveritsing and also manages the ecommerce business for retailers !! Also, Syangie has won multiple awards for fast growing company .. where is the $ for investors that stayed with them? I think share price will go $0.26 next 2 weeks or even $0.29 before EGM and entice investors to sell now as $0.26/$0.29 is better than $0.19!! If if goes below $0.19, we will all accumulate more and vote them out further!! I have checked simply wall st and the fair value now is $0.94  DYODD  Cheers!  
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shadow11
Veteran |
06-Sep-2020 11:34
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Should boot these 3 founder out.
Take IPO holder for a ride. IPO holder been paying the bill for the loss and now when synage is reaping in profit, they wan to take it over cheaply to milk the profit. Where got such logic. IPO 27c .buy back at 19c. |
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OngBak
Veteran |
06-Sep-2020 11:33
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0.19 + 0.1028 + 0.00625 = 0.299
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mikethong88
Elite |
06-Sep-2020 11:26
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if proposals never go through, synagie will rocket to $0.52
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look@bright
Elite |
06-Sep-2020 10:46
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The name so like Osim' s V3. 
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