Advertisement|Remove ads.

Shares of SAG Holdings ($SAG) rose more than 12% pre-market on Friday, drawing significant retail attention following a rocky market debut this week.
The company is a Singapore-based provider of original equipment manufacturer (OEM), third-party branded, and in-house branded replacement parts for motor vehicles and industrial engines.
On Wednesday, shares opened at $6.01, significantly below the IPO price of $8.00 per share, and closed at $6.36.
By Thursday, shares had slid an additional 14%, bringing the company’s market cap to just under $54 million.
Despite the turbulent start, SAG Holdings has captured notable retail investor interest, with its Stocktwits following surging by over 500% and message volume spiking 960% on Thursday alone.
The company, co-led by CEO Jimmy Neo and Deputy CEO Edward Neo, members of the founding Neo family, operates across two key divisions: On-Highway Business, which distributes parts for passenger and commercial vehicles, and Off-Highway Business, serving industries like marine, energy, and mining.
The firm initially aimed to sell one million shares through the IPO but reduced the offering to 875,000 shares. Wilson-Davis & Co. and Dominari Securities managed the offering.
According to SAG’s recent SEC filings, its 2023 net revenue reached $59.5 million, up from $51.4 million in 2022.
The On-Highway Business contributed $26.8 million in 2023, while the Off-Highway Business brought in $32.6 million.
Net income rose slightly to $1.63 million in 2023 from $1.53 million in 2022, reflecting earnings per share (EPS) of $0.18 and $0.17 in those respective years.
For updates and corrections email newsroom@stocktwits.com