KLSE: SCIENTX (4731)       SCIENTEX BERHAD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
8.40   +0.07 (0.84%)  8.32 - 8.45  194,400
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Market Cap: 4,107 Million
NOSH: 489 Million
Avg Volume (4 weeks):144,029
4 Weeks Range:7.85 - 9.03
4 Weeks Price Volatility (%):
52 Weeks Range:7.00 - 9.85
52 Weeks Price Volatility (%):
Average Price Target: 8.47
Price Target Upside/Downside: +0.07

Financial Highlight

Latest Quarter | Ann. Date 31-Oct-2017[#1]  |  06-Dec-2017
Next QR | Est. Ann. Date: 31-Jan-2018  |  22-Mar-2018
T4Q P/E | EY: 14.87  |  6.73%
T4Q DY | Payout %: 1.85%  |  27.46%
T4Q NAPS | P/NAPS: 3.2842  |  2.56
T4Q NP Margin | ROE: 11.09%  |  17.20%


Date Subject
09-Feb-2018 Daily Technical Highlights – (VITROX, SCIENTX)
05-Jan-2018 Scientx - 森德 放眼十年晋身百亿俱乐部
19-Dec-2017 森德 蒲莱买地价格合理
19-Dec-2017 购柔蒲莱地库.森德房产规模翻倍
18-Dec-2017 PublicInvest Research Headlines - 18 Dec 2017
18-Dec-2017 Mplus Market Pulse - 18 Dec 2017
18-Dec-2017 Scientex Berhad - Buying More Land in Johor
07-Dec-2017 Scientex Berhad - 1Q18 Within Expectations
20-Sep-2017 巩固盈利.森德专注改善产能
20-Sep-2017 Mplus Market Pulse - 20 Sept 2017
20-Sep-2017 Scientex - FY17 Within Our Expectation
06-Sep-2017 Daily Technical Highlights - (IQGROUP, SCIENTX)
10-Aug-2017 Scientex - Acquiring Land in Rawang
10-Aug-2017 PublicInvest Research Headlines - 10 Aug 2017
22-Jun-2017 赚幅逊预期.森德两年财测微降
21-Jun-2017 Scientex: 3QFY17: Property Arm The Saving Grace Yet Again
21-Jun-2017 Scientex - 9M17 Below Expectations
28-Apr-2017 Scientex Berhad - Placement for Future Expansions
28-Apr-2017 Mplus Market Pulse - 28 Apr 2017
28-Apr-2017 PublicInvest Research Headlines - 28 Apr 2017

Business Background

Scientex Berhad is engaged in investment holding, letting of properties and provision of management services. The Company has two operating segments: property segment, which is in the business of constructing and developing residential and commercial properties, and manufacturing segment, which is mainly in the business of manufacturing various packaging products and manufacturing materials for automotives interior. Included in this segment is also the marketing and sales of laminating polyurethane adhesives. The packaging business unit manufactures various packaging products, which caters for packaging for logistics purposes, general purpose packaging and packaging for bulk handling. The polymer business unit manufactures polyvinyl chloride (PVC) leather cloth, PVC/polypropylene (PP) and PVC/polyethylene (PE) foam and thermoplastic olefin/PP foam sheets for automotive instrument panels, door trims and headlining for car manufacturers in the Asia Pacific region.
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  4 people like this.
swissvillage Kesm is good buy. A possble split and a bonus issue near future
08/12/2017 07:30
leslieroycarter This counter does not need to advertise coz the profit is increasing with time . It will achieve another RM 13 soon...after that another split will follow suit. Just keep for your children coz it is safe n steady.
08/12/2017 11:52
leslieroycarter Wednesday, 6 Dec 2017

1:24PM SCIENTX Final Single tier Dividend 10 Sen (with Dividend Re-Investment Plan)
1:23PM SCIENTX 1Q net profit 73.395 million (increased 38.52%)
1:19PM SCIENTX General Meetings: Outcome of Meeting
1:17PM SCIENTX General Meetings: Outcome of Meeting
08/12/2017 12:11
ckk916 Whats mean of dividend re-investment plan
14/12/2017 14:59
JEbat888 Scientx ala jual rumah teres 2 storey @ durian tunggal melaka, dlm 2 bulan sold out release phase 1 & 2,.....many people que at opening day, 8 khemah ready standby customer register , +/- 3 to 5 minit dari University Teknikal Melaka, .......
14/12/2017 16:36
leslieroycarter Div investment plan like in Maybank did ....
15/12/2017 10:43
leslieroycarter I like scientx because of its steady growth from year to year . It started at 1.50 n exceeded 13.0 .
After ex back to 6.50 n now around 8.70 +-. Given time , it can surpass 13 again.
The bulk of the revenue came from housing n it has acquired more land banks for expansion thru private placement of shares n not asking for more fund via right issues.
Thus , it share price is given a higher rating than its TP given by analysts.
The revenue structure presently is 60:40 for housing n manufacturing . With time , more prominence will come from manufacturing.
Groundwork already set for more expansion into USA for the manufacturing n to explore more business opportunities .
Housing concentration on affordable housing where the demand lies . So the surplus seen in housing has no impact or minimal impact on Scientx .
In conclusion , there is future in Scientx n holding for long term will not be a mistake.
This sharing comes with a disclaimer not is not a recommendation to buy .
15/12/2017 10:56
leslieroycarter SCIENTX - Notice of Book Closure
SCIENTX - Notice of Book Closure
Single tier final dividend of 10 sen per ordinary share. Kindly be advised of
the following : 1) The above Company's securities will be traded and quoted
"Ex - Dividend? as from: 26 Dec 2017 2) The last date of lodgment : 28 Dec
2017 3) Date Payable : 26 Jan 2018 Remarks:- On 19 September 2017, the Board
of Directors ("Board") of Scientex Berhad ("Scientex") recommended a single
tier final dividend of 10 sen per ordinary share for the financial year ended
31 July 2017 ("FYE 2017 Final Dividend"). Subsequently, the Board had
determined that the dividend reinvestment plan ("DRP") will be applicable to
the entire FYE 2017 Final Dividend ("First DRP"), whereby the shareholders of
Scientex are given an option to reinvest their FYE 2017 Final Dividend in new
ordinary shares of Scientex to be issued pursuant to the First DRP ("New
Scientex Shares").On 6 December 2017, the shareholders of Scientex had approved
the FYE 2017 Final Dividend and the DRP at Scientex's Annual General Meeting
and Extraordinary General Meeting respectively. On even date, UOB Kay Hian
Securities (M) Sdn Bhd had, on behalf of the Board, announced that the issue
price of the New Scientex Shares has been fixed today at RM7.80 per New
Scientex Share.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

11/12/2017 07:00 AM

Ref Code: 201712115100034
15/12/2017 11:30
k6ii Siapa ada pergi tengok Meru 2 project?
15/12/2017 13:55
leslieroycarter Scientex Bhd is acquiring a 336-acre piece of freehold land in Pulai, Johor for RM284.2 mln cash, to be developed into a mixed property development. The group has inked a sale and purchase agreement with DKTMG Land Sdn Bhd for the proposed land acquisition, which will enable Scientex to expand on its existing landbank in Johor. Further details on the project was undisclosed, as the project is still at its preliminary stage. (The Star Online)
18/12/2017 11:46
leslieroycarter I like scientx because the co will not simply asking for more funds like selling rights to acquire land banks but instead using internal funds or cash or private placement to acquire landed assets . Second, dividend payment given an option to buy more shares at a discount at Rm 7.80 instead of prevailing market price at rm 8.70 . Thus , we can accumulate more shares at below market value though we may encounter like odd lots after that . Given extra shares this way will make the co stronger financially n the co will have available cash , more liquid on its cash flows . Future expansion of the co n to enhance targetary growth will not be a problem given the confidence shown by the management as well as all stakeholders be they big or small.
18/12/2017 12:52
missyii wow ...full confident with this counter
19/12/2017 17:34
vinvestor The boss aim to hit market cap of RM10b in 10 years time. Now its market cap only RM4.2b.
19/12/2017 18:43
missyii can be manage about the target for rm10bil market cap.....many project coming ya..
20/12/2017 10:15
leslieroycarter Slow n steady n no heartache...
21/12/2017 14:16
leslieroycarter Barrier 9.85....
03/01/2018 16:33
leslieroycarter To hit 10 B in 10 year’s time , the strategy is minimum growth 25% pa.
03/01/2018 19:33
Aeron_learner Hi all, I'm Newbie here. First time saw the DRP annoucement. Can anyone share the procedure to participate it? We just need to print out the form from annoucement link then send bac to company will do?
Or we will be receive the applications form?
Because i fill my address at hometown but I working outside. Not sure whether I should back hometown and check. Many thanks!
04/01/2018 07:48
ss20_20 The reinvestment option is at RM7.80 per new share and the new shares must be in multiple of and not less than 100 new shares. That means you may need at least 7,800 existing Scientx shares and entitled final dividend of RM780 (RM0.10 per shares held), then you would use the dividend to reinvest to get 100 new shares.
05/01/2018 13:36
leslieroycarter DRP is definitely better than cash dividend proposed .At 7.80 , ur buying at a great discount coz the price now is more than 9.00.
05/01/2018 14:37
leslieroycarter Difference between cash dividend and stock received is more than 16~17%.
05/01/2018 14:41
ss20_20 it's true
05/01/2018 16:49
Plainrobot Good counter
05/01/2018 18:25
Aeron_learner So if we hold less than 7800 share, no need to subscribe the DRP? @@
05/01/2018 23:40
kionglee I only have 2000shares, so can give up liao :(
06/01/2018 09:04
Aeron_learner Anyone can we get the odd shares? haha
06/01/2018 13:04
Ricky Yeo @leslieroycarter I disagree: There is no such thing as definite. Comparatively, yes you will be better off doing DRPs compare to buying share. But you have to know your own opportunity cost. And again RM7.80 means your willingness to except a certain level of future return. If that future return doesn't meet the hurdle rate of an investor, the correct decision is still not to reinvest. Just because the difference is 16-17% doesn't mean reinvesting div is the right decision.
09/01/2018 11:26
CKNGCKI3 Ricky Yeo..i think u have no idea what u are talking about..what u mean by willingness to accept certain level of future returns ? This is shares...can sell anytime !
09/01/2018 19:21
leslieroycarter Those who had sold triggered by a few speculators here in so small volume will be regretted for life as the majority of holders here are very long term , some way back in its inception days when it was traded RM 1.40/1.45....it shot up passed wll over RM 13.00 , after split , it was RM 6.50 , now it is traded RM 8-9. Good or not , we can easily access . For the DRP part in exchange of div paid , some quarters said , it is a bad bargain, though it is only fixed at RM 7.80 compared in trade of well excess of RM 9.00. I m still for the DRP coz it is very much cheaper than purchased from the market being void of commission charges, transfer fees , stamp duties and GST . Where can u get such a good deal now? Maybank also did the same thing of paying div or issuing stock at 10% below market market price , whereas Scientx offered a better deal coming to 17%. Agree or disagree is up to individual . If u state the facts and substantiate with more credible reasons , then everyone of us here will be more than welcome to hear more from u more in future.
10/01/2018 08:20
dextronium Anyone has got the DRP offer letter? Thanks in advance for any input.
10/01/2018 08:34
ss20_20 Those with less than 7,800 shares then you will receive cash dividend
10/01/2018 08:34
dextronium I have fulfilled this criteria.
10/01/2018 08:55
leslieroycarter The future returns at least better than RM 13 previously if it breached 10 B in a few years time ... I think it shall be RM 18-20 .... The future returns shall be better than 3%interest from local banks.
10/01/2018 10:31
leslieroycarter vol 42,400 shares sold yesterday ...compared with normal trade of vol 127k to 356k. from 33% to 9% respectively. Too insignificant to pull down the stock given its strong fundamentals still very much intact . If the punters can sell more than 100k per day , then the picture will be different . But i doubt the sudden sell can really pull the rest who are long term holders to part cheaply when its future is getting stronger by the day.
10/01/2018 10:39
Ricky Yeo Look it this way. DRPs can be a good deal for some not everyone. If in my universe where I only understand FD and Scientex but nothing else, DRP for Scientex will be a very good deal, because my opportunity cost, buying FD instead of DRP Sctx, is low. In contrast, if my uncle offer his business for only 10% of its true value, should I put my money in DRP or buy his business? of course I'll be too dumb to buy DRP because my uncle business promise way better return given he only offer me at 10%.

Business is always talking about future return on capital. How much the business can generate given its current and future investment. Which means if you DRP at that price, mean you value Scientex as 'good value', given that there are no other better opportunity out there. But if you do have a good opportunity somewhere, that is a bad decision.

To give a concrete example, Scientex at DRP price would means you 'own' a piece of the business at $3.741 market cap. IF you assume that Scientex can hit $10 bil market cap in 10 years, what is the CAGR? 10.3%. This is factual. You can calculate that. And assume PE ratio maintain the same, that means the share price will compound at 10.3% CAGR as well.

So now the thing is, what is your opportunity cost? What is the next best idea.? If someone has another stock that can give 15% long-term for next 10 years, does it make sense to get this DRP? Of course not, that is wasting opportunity. Comparatively, if someone only has the next best idea that can give say 8% long-term (all else equal i.e quality), then surely he should buy the DRPs.

Opportunity cost is relative, everyone is different. And FYI, I hold Scientex since $2.47 pre-split, just in case someone wants to accuse I have hentai intention.

IF you think DRP Scientex is good, that's great you should subscribe. The point is advising someone without taking into their opportunity cost is not a good thing to do. Just as someone would ask should i buy this, should I buy that, of course I can't answer. My opportunity cost is different from yours.
10/01/2018 17:33
Ricky Yeo Now this trigger another interesting thing. I've no doubt if someone ask if he should buy Scientex now, surely all Scientex supporters will ask him to buy, saying great management, well run (I agree), etc. Lets quantify this.

Scientex current market cap is $4.35 bil, using same equation, 10 years 10 bil, you get CAGR 8.68%, which is decent if not crap. But mark my word, many people buying Scientex at this price will be imagining themselves earning 100% return in 3-5 years, thinking it is 'conservative' estimate given Scientex has average more than 100% per year for past 5 years.
10/01/2018 18:02
Ricky Yeo And I am not too sure how you derive growth of 25% p.a given a $10 bil market cap in 10 years, unless you are assuming the PE will be so low than current level by then.
10/01/2018 18:25
leslieroycarter If u r thinking out of the box not related to comparison to bank deposit vs div from stock ; like doing business as an entrepreneur , then there is no point to deliberate further . How to compare apple and an orange ? Two different things and too many variables n too different DNA altogether , It is just like u r going for business n I m talking about bitcoin , a broad chain crypto currency investment . The up n rise witnessed so far was astronomical. With this , it will come with the same risks n liabilities as well. I m talking stock investment not involving much mental orientation but su5 comfortably to see nominal projection of your fund in a manageable way , same as other stock investing . It is that plain simple n not much of economic n accounting jargons applied to be easily understood.
12/01/2018 12:19
Ricky Yeo We can exclude my uncle's business if you want. But the logic is still the same, DRPs is only good if other opportunities i.e other stocks provide lower future return. IF someone has a stock that can return more than 10.3% in next 10 years, all else equal, this DRPs is not the first choice.

And if you only want to compare between bank deposit and stock, any stock that has dividend yield higher than 4% or PE below 25 (1/25=4%) can be justified as more preferable than putting that sum of money in bank deposit. But that is only true if both carry the same risk, which obviously isn't. Investor demand higher return (risk premium) in order to compensate for the risk of investing in stock, because they are riskier in nature (whether that's Scientex or Public Bank) compare to having it in bank deposits.

So going back to that 10.3% CAGR, the risk premium is 6.3% (10.3-4%). That means again, an investor has to compare to see if 6.3% is enough to compensate for the risk he is taking.

I am sure I try to be as simple as I can. No Physic level maths. Opportunity cost is really "Should I spend tonight going for movie' or 'Should I watch dvd at home'
12/01/2018 13:43
leslieroycarter Generally , market was down the last few trading days n some chosed to unload first n buy later. The volume is too small to make any appreciable impact unlike HY where it has gone down from 19+ to 11+ within a few trading days . Scientx as seen is perfectly all right given the poor sentiments all around .
19/01/2018 12:47
leslieroycarter 26-Jan-2018 Additional Listing Dividend Reinvestment Plan that provides the shareholders of Scientex with an option to elect to reinvest their single tier final dividend of RM0.10 per ordinary share in Scientex ("Scientex Share(s)") for the financial year ended 31 July 2017 in new Scientex Shares. - 5,226,500 shares at 7.800.
26/01/2018 15:31
leslieroycarter Scientax is no HY , selling down means that you are throwing yourself into a tiger’s den. The opportunists will snap up gleely and finally the price will be back to normacy.
29/01/2018 14:42
leslieroycarter Recent dividend converted to shares added more shares to the substantial investors ...none had sold any...from disclosures
02/02/2018 12:07
leslieroycarter next qtr result shall b in Mach ...the little selling low every day has got the stock in jittery n created new low for Scientex , but longer term prospect shall be good.
07/02/2018 07:51
azhanmatnordin Shall we wait until March?
07/02/2018 15:40
leslieroycarter This stock is for long term , once u sell , very difficult to buy back when it spikes...
08/02/2018 09:53
leslieroycarter This stock shall give u overall returns at 20%per annum
08/02/2018 09:54
leslieroycarter In stock market anything can happen...
09/02/2018 20:13
leslieroycarter The stock has undergone serious correction from 9.80 to 7+.
Best time to pick up more stock...
09/02/2018 20:16
azhanmatnordin Hope already rock bottom, even can give us "BUY" opportunity
12/02/2018 11:21


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