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On average, each outlet has been generating more revenue over the years, reaching around RM12.3 million, as SenHeng shifts from smaller stores to larger, tech-driven outlets
Agree the price looks safe at these levels, but the revenue growth story is tough. Too many channels selling electronics now like Shopee, Lazada, Temu, TikTok Shop. Very hard to break through to much higher revenue. The downside may be limited, but so is the upside. Better to put the money somewhere else with a clearer growth story. Not worth the time and money.
