The selling of shares in a company can be influenced by a variety of factors. It could be due to the company’s financial performance, market conditions, or investor sentiment. However, without specific news or events related to Smart Asia Chemical Berhad, it’s hard to pinpoint the exact reason for the selling.

As for who the sellers are, they could be any shareholders of the company. When Smart Asia Chemical Berhad went public, they issued 93,500,000 new ordinary shares. These shares were distributed in the following manner:

18,492,600 new shares were made available for application by the Malaysian public.

12,100,000 new shares were available for application by their eligible directors and employees as well as persons who have contributed to the success of Smart Asia and its subsidiaries.

46,231,400 new shares were placed privately to selected Bumiputera investors approved by the Ministry of Investment, Trade and Industry of Malaysia.

16,676,000 new shares were placed privately to selected investors.

Therefore, the sellers could be any of these shareholders who decided to sell their shares for various reasons. It’s important to note that the stock market is dynamic and share prices can fluctuate due to a multitude of factors.

Cheers ! May the market forces be with you:):):)

Smart Paints under Smart Asia Chemical Berhad are found all over the hardware shops which indicates Smart Paints are retail widely across the country and this could help in the revenue and profits if construction sectors is picking up.

Let’s break it down:

1. Smart Paints’ Market Presence: Smart Asia Chemical Berhad, the parent company of Smart Paints, is indeed widely distributed across Malaysia. They have a strong distribution network with wholesalers, dealers, and authorized distributors, which accounts for over 90% of their sales. This wide distribution could indeed contribute to increased revenue and profits.

2. Construction Sector Trends: The construction sector in Malaysia has been showing positive trends. It posted an 8.8% rebound in 2022 and is expected to grow at a CAGR of 8.55% during 2024-2029. This growth is driven by various factors such as government infrastructure stimuli, the renewable energy revolution, increasing capital investment in strategically important sectors, and a post-COVID-19 pipeline.

3. Impact on Smart Paints: If the construction sector continues to grow, it could indeed lead to increased demand for Smart Paints’ products, as paints and coatings are commonly used in both residential and commercial construction projects

Cheers! May the market forces be with you :):):)

Strengths:
+Smart Asia Chemical Berhad is an investment holding company that engages in the development, manufacture, distribution, and sale of decorative paints and protective coatings for household and industrial applications in Malaysia and overseas.
+The company’s Price-To-Earnings ratio (19.6x) is below the Chemicals industry average (21.9x), which could be seen as a strength.
+The company has a strong financial health score.

Weaknesses:
- The company’s revenue has declined by 0.7% over the past year

Opportunities:
+ The company’s revenue is forecast to grow 12.6% per year.
+The company made a strong debut on the ACE Market, opening at 50 sen per share, representing a 25% increase over its initial public offering (IPO) price of 40 sen

Threats:
- The company faces competition from other companies in the same industry such as Berger Paints from India, Nippon paint of Japan etc

Cheers! May the market forces be with you :):):)