$SASBADI (5252.MY)$*please don't translate this post to enjoy Malaysian rojak language*
(credit pic: Cerita Buku Facebook)
I still remember Sasbadi's reference books are the top choice for Malaysian students. During exam time, all the Sasbadi books at library kena pinjam sampai bersih! Licin woi! Siapa ada buku Sasbadi, dia glamour! (back then when internet is not yet popular and widely used).
When I found out Sasbadi was the top penerbit buku, I try to search for the stock price, and I was shocked to find it is very..... underrated price despite of its "top book publisher" status.
Maybe because the main target market (and the only target market) for Sasbadi is for students, hence hard to break through other markets (like, general reading, novels, fiction, non-fiction books).
Apart from that, there are already many other book publishers who already "conquered" other target market, hence, maybe it is hard for Sasbadi to expand their empire.
It was 10 years ago since I last hold a Sasbadi's reference book, I believe Sasbadi is part of everyone's childhood (especially 90's). If Sasbadi can continue to get project from MOE to print textbooks, to expand other study and reading materials, I believe Sasbadi will stay alive until my cucu cicit's SPM
My view on this stock: 5/10, ok ok la
My hope for Sasbadi: Need to come out something new to expand their empire to attract more palabur, grab all the MOE project, and hopefully can expand to MOHE projects too.
Did I already grab Sasbadi stock?:tengok la kalau dia ada projek besar, saya grab
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FrenchConnection : Good story, but I could not understand malay phrases. I am a foreign investor in Sasbadi.