iloveshare128wow... no wonder fund managers were buying it a lot before the release of quarter result... 11.24sen EPS for one quarter!!! let's say full year EPS = 11.24 x 4 = 45sen, at PE10, it should be worth RM4.50!!!
Ok, i have to revise my target price up.. haha...
iloveshare128kakashit.. dun worry, they will announce dividend sooner or later...
nocindycatfund managers are still buying.. EPS 11.24c x 4 = 45cents, P/E 8-10x = RM3.70-4.50, anyone?
EPS 40c x 8 - 10x = RM3.20 - RM4, anyone?
iloveshare128haha... nocindycat... yes, SUCCESS is definitely undervalued.. if u want success, buy SUCCESS now!!!! hahaha....
Dolly_Chaiwow.. 5 sen interim dividend! last year they only gave 4 sen... that means not only revenue/profit has improved, they are better with cash flow now.. good...
chankp7010LED is now getting more popular. Hospital fire recently has prompted to switch from traditional bulbs/fluoresen to LED, not only for safety, but also economical and last longer. Success's product is in good demand. Buy to capitalize its further gain.
chankp7010Success is the third largest gainer today. What has motivated the price to spike up so much? Any insiders' information? Please share!
Dolly_Chaichankp, the fundamentals of SUCCESS is strong... they recently turn around their process equipment segment (from loss to making profit now)... so you can see the much improved earning in their latest QTR, also for the upcoming QTRs....
my valuation based on EV/EBIT=10 gives me intrinsic value of RM2.9893 for SUCCESS... assume PE=12 for TTM, its price should be RM3.0859.
So if we take an average, it should be RM3.04... at current price of RM2.24, it still has close to 36% of margin of safety...
chankp7010This counter set-back is the negative cash flow even though yearly making good profits. Additionally, this company is unlikely to pay more dividend if profitability has increased.
Dolly_Chaichankp, are u talking about the net cash/debt? pls note that is it different from free/negative cash flow
yes, Success is in net debt now (cash on hand - total debt) = (43280-27928-60057)= -44.705M. net debt/equity is 44.705/305.173=0.14 (still healthy)...
But it is actually in free cash flow position now (FCF = net cash from operation - CAPEX) = 11,496-1173= +10.323M... which is great,,,
for divinded... they actually paid more in 2016 (5 sen, highest in history) compared to previous years. see below
ANNUALISE IT - 45c eps x P/E 10x = RM4.50 / or PE 12 = RM5.40
only RM2.70 now!
chankp7010Well done tabulation - nocindycat. Thank you
chankp7010Success achieved record high RM2.71 on Friday closing. More to come if there is any positive news on captial restructuring including bonus issue, declaration of dividend or warrant payment to existing shareholders.
chankp7010Buyers 50,200 overwhelmed 1,200 sellers at RM2.79. Very likely share of Success is going higher for today trading activities.
Dolly_Chai2haha.... hahahahahahaha................. i cant stop laughing.....
nocindycatnext one eg - after cimb sold success, success was up 30%, eg is next!
nocindycatsell tomorrow? u joke? this stock is worth 4.50
chankp7010For LaotzeahSir , please wait for few more days to see if Success has achieved another 12 cent for reported quarters. Let say it earned 11-12 cents per share, then our fellow nocindycat's calculation using P.E. of 10 should drive the price to RM4.50
chankp7010Success stabilized at RM2.86 pending the outcome of QR. SEB is now in the better financial state as evidenced from its price movements. Success core business of transformers and LED is doing well and hopefully translates into RM for this QR ending 31st December 2016
Dolly_Chai2honestly speaking i am unsure if SUCCESS can repeat the same great result (11-12 sen) every quarter.. but from i can see, i can tell that their SEB has turnaround and become profitable (from making a loss)... so we can expect they will continue to make good profit in future...
RM4.50 maybe a bit too optimistic but i think RM3.50 is definitely achievable.
zexonNo more big scale project on hand. Gloomy outlook year ahead
chankp7010QR has shown all round improvements. EPS reached 12 cents per share in this quarter, giving two quarters EPS 24 cents. Cash at bank improved 20 millions to 60 Millions. Short and Term loans reduced drastically in this Quarter. Cash flow very positive. Prospect for coming quarters consider good but challenging. RM3 has achieved even before March 2017