Highlights
KLSE: SUCCESS (7207)       SUCCESS TRANSFORMER CORP BHD Main : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
3.62   -0.08 (2.16%)  3.37 - 3.69  183,200
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Overview

Market Cap: 444 Million
NOSH: 123 Million
Avg Volume (4 weeks):198,868
4 Weeks Range:3.02 - 3.77
4 Weeks Price Volatility (%):
20.00%
52 Weeks Range:1.57 - 3.77
52 Weeks Price Volatility (%):
6.82%
Average Price Target: 2.77
Price Target Upside/Downside: -0.85

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2016[#2]  |  23-Feb-2017
Next QR | Est. Ann. Date: 31-Mar-2017  |  27-May-2017
T4Q P/E | EY: 12.54  |  7.97%
T4Q DY | Payout %: 1.29%  |  16.15%
T4Q NAPS | P/NAPS: 2.3681  |  1.53
T4Q NP Margin | ROE: 9.40%  |  12.19%

Market Buzz

Date Type Subject
28-Apr-2017 Forum 1 New Comment

Headlines

Latest Headlines
09/03/2017  Daily technical highlights - (SUCCESS, MUDA)
27/02/2017  SUCCESS (7207)前风变压器 - 盈利股价再创新高!~WSWT~
28/12/2016  股息将除权.前风变压器走高
30/11/2016  Daily technical highlights - (SUCCESS, RGB)
29/11/2016  SUCCESS(7207)~ 盈利创历史新高,前风变压器重振雄风?~WSWT~

Business Background

Success Transformer Corporation Berhad (STC) is engaged in investment holding and provision of management services. The Company, through its subsidiaries, operates in two segments: transformer, lighting and related products, which is engaged in manufacturing and marketing of electrical apparatus, industrial lighting and metal products focusing on metal casing and stamping parts, and process equipment, which is engaged in the fabrication of process equipment and metal structures and the provision of maintenance, repair and shutdown works. Its direct subsidiaries are Success Transformer Manufacturer Sdn. Bhd., Success Electronics & Transformer Manufacturer Sdn. Bhd., Success Transformer Marketing Sdn. Bhd., Nikkon Industrial Lighting Sdn. Bhd., SES Property Sdn. Bhd., Daiichi Steel Sdn. Bhd., Omega Metal Industries Sdn. Bhd., Seremban Engineering Berhad and Ningbo Success Zhenye Luminaire Limited Liabilities Company. On July 15, 2011, it incorporated a subsidiary Nikkon Holding Pte. Ltd.
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  5 people like this.
 
suregain sangat garang!!!!! yahhooooo
05/04/2017 14:50
suregain yahhhhhhoooooooo
05/04/2017 16:28
nocindycat must be some good investors like cold eye who buy?
multi bagger stock

operating cash flow superbly good, 8x P/E, where to find? in house LED, export , margins improving, wait what???
05/04/2017 18:56
nikicheong Today CIMB push this kaw kaw
06/04/2017 00:47
suregain top up 3.28
07/04/2017 12:01
samsambank Buy!
07/04/2017 20:17
tecpower The stock price should rebound soon.
12/04/2017 11:46
tecpower Good closing. The stock is likely to rebound tomorrow.
12/04/2017 19:56
suregain Yup... Consolidation over
12/04/2017 20:02
ragingharrypotato Happiness = reality - expectation. Love it how the present is so far away from reality, and how expectation is so understated.
17/04/2017 14:55
tecpower Its time to rebound. The stock was oversold.
17/04/2017 21:25
tecpower Nasdaq 0.12% down
19/04/2017 07:56
suregain bought 3.21.. sold 3.30. thx for the contra gain
19/04/2017 15:43
suregain Again bought 3.21.. sold 3.30. thx for the contra gain
21/04/2017 20:47
suregain bought 3.32
25/04/2017 09:43
suregain go go go
25/04/2017 12:16
goldenluck16 New high...accumulate
25/04/2017 13:36
Dolly_Chai2 well... finally more value investors discovered this share :)
25/04/2017 16:20
suregain sold 3.52. thx
25/04/2017 16:38
chankp7010 By next month, Success will declare its 3QR and will likely to show increased profitability. Even now, insiders are busy buying its shares prior to official publication to Bursa Malaysia. Buy and sell at your own risks.
26/04/2017 09:37
chankp7010 Those who had sold their holdings in Success must have regretted due to the fact that Success is climbing north again. Soon it might even reach RM4.00.
26/04/2017 10:25
Dolly_Chai2 http://www.bursamalaysia.com/market/listed-companies/company-announcements/5404977

yes, the big boss has declared to Bursa that he wants to trade before the release of Mar 31st Quarterly results.. and this coincides with the recent hike of share price... maybe the boss or insiders already know the results will be good (but disclaimer here: I am not too sure)... it just looks like that way....
26/04/2017 10:39
Dolly_Chai2 from Mar 31st to now.. almost one month d.. so the boss should already know from Finance if results are good or not good.. hehe
26/04/2017 10:40
Dolly_Chai2 for those who followed me since last year... it was only trading around RM2... but my conservative valuation above shows that it should be worth RM4.29 at least... so still much room to grow and i am still holding tight... hehe
26/04/2017 10:42
chankp7010 For Dolly_Chai2, what do you think about "Success" trading price next term, (2-3 months times)?
26/04/2017 11:19
chankp7010 Wow! now it is RM3.70!!
26/04/2017 11:20
suregain i think almost peak... beter sell on profit
26/04/2017 11:52
Kelvin HK rule of selling for good profit company - only sell if company fundamental has changed or some bad global market news ...

has both above happen ?
26/04/2017 11:53
Dolly_Chai2 chankp7010... i am not sure for short-term TP.. i dont actually care for short term TP actually... I will just wait until it reaches the intrinsic value... i can wait for longer term. :)
this is value investing.
26/04/2017 12:21
Dolly_Chai2 suregain... i am not really sure if you gain everytime.. from what i can see from your comments.. u r short-term speculator... so u do not even understand what intrinsic value is all about and it sounds a bit ridiculous to hear you say: "almost peak"... tell us how to define it is "almost peak" if you do not have some proper valuation? i know different ppl will have different valuation methods. i have given one... but i doubt u will have one too... pls enlighten us with ur valuation if you really have one.. thank you
26/04/2017 12:23
Dolly_Chai2 Kelvin, yes, the fundamental has changed!!!! from good to better!!! haha
26/04/2017 12:24
equitydiary A successful investment for those who bought early
26/04/2017 12:29
suregain haha, u dun sooo confident... anything can hapen... u hv to understand te px up from less than rm2... if not peak, i think almost there.... n almost all the good news oredi priced in...
26/04/2017 13:42
Kelvin HK suregain, just sell and go away if you think already peak
26/04/2017 14:39
lowpohsze he already sold at 3.52
26/04/2017 15:29
Dolly_Chai2 haha... yaya.. he is just a short-term speculator.. what do u expect from him? haha
26/04/2017 15:53
Dolly_Chai2 what is his so-called "priced in"... u must have a metric to measure or value it right? haha
26/04/2017 15:54
Dolly_Chai2 short term trader will sell to take profit even when the share price goes up 5%... if u r a value investor, u would not even do so...
26/04/2017 15:55
suregain Suces own seb.. Seb is a loss making company... It wil b a drag to sucess earnings... Seb can give negative surprise to sucess.. So dun over confident
26/04/2017 18:31
Dolly_Chai2 haha... suregain... check back the latest reports and see.. SEB/process equipment div will likely be generating positive earning in 2017:

In the process equipment segment, the economic outlook remain challenging. Nevertheless, the
Group is continuing its effort to focus on its core business in fabrication of pressure vessels and
process equipment for oil and fats industries, chemical, downstream petrochemical, water treatment
and power plants. In addition, with the Group marketing strategy in broadening the customer base
and products especially in steel structure and piping works and securing order books todate, the
Board aims to strengthen project management and cost control so as to generate better margin and
positive results for the Group in this financial year

in fact, i suppose in Q1 & Q2 2017 result, SEB already turned around to be profitable. Why?

See 2015 Q6 (yes, they have 6 quarters that year to change to a new fiscal calendar)...
non-controlling interest (35% of SEB) was seeing -9.136mil loss...

in 2017 Q1 & Q2 (cumulative), the non-controlling interest is already positive = RM5.653mil...

and there are other clues too:

Review of performance
Profit after tax and non-controlling interest (“PATNCI”) of RM14.83 million for the current quarter
ended 31 December 2016 representing an increase of RM5.93 million or 66.7% as compared to
previous year’s corresponding quarter ended 31 December 2015 of RM8.90 million due to better
performance in transformer and lighting segment and improvement of results in process equipment
segment.

Variation of results against preceding quarter
The Group recorded a profit before tax (“PBT”) of RM25.25 million for the current quarter ended 31
December 2016, representing an increase of RM5.96 million or 30.9% as compared to the preceding
quarter ended 30 September 2016 PBT of RM19.29 million mainly due to contribution from
transformer and lighting segment and process equipment segment.

both paragraphs mentioned about contribution from process equipment segment..

so do u still think SEB/ process equp is still making a loss?

haha....

let me tell u what.. they previously made loss due to SAMUR project cost overrun (with Kencana).. and this project has ended...

see, u need to spend effort to do homework.. that is what a value investor does...
27/04/2017 09:53
Dolly_Chai2 and also dun forget.. their main source of revenue and profit still come from Transformer,industrial lighting and related products
27/04/2017 09:54
chankp7010 Thank you Dolly_Chai2. Very well written piece of article.
27/04/2017 10:09
Dolly_Chai2 you are welcome chankp7010... i am just telling facts.. instead of telling "overpriced", "priced in", "Peak", "SEB is a loss making company" etc but not giving any justification to it...

no offense to anyone =)
27/04/2017 10:28
Dolly_Chai2 another thing - u need to be observant .... u can get clues from everywhere.. of course, u must spend time to do homework!!!
27/04/2017 10:30
ginvin i believed it has been fully valued at the current price..... hopefully nxt qr will push it higher
27/04/2017 12:24
suregain cakap saje senang... process equipment manufacturing is highly cost intensive... with all labour and steel px up, u ingat senang senang nak make profit.... u tengok knm, pun susah nak survive...
27/04/2017 13:58
jleep pump n dump. careful o
27/04/2017 14:16
Dolly_Chai2 haha... yes, talk is cheap.. so u don't see me talking without providing facts...

Company A & Company B are doing the same business...
Company A can be profitable but Company B can be making a loss...

The moral of the story:
There is success in any field/business, it all depends on how you manage and control it.

Done for lecture today... i hope someone will learn something today
27/04/2017 15:16
suregain Dun b too confident.. Nothing is 100%
27/04/2017 20:44
Dolly_Chai2 suregain, thanks for your advice. When i first invested in share market 20 years ago, i know nothing is 100%. if there is a 100% thing, everyone is a billionaire now...
what u said is right, we have to be cautious so that is why we need to do a lot of homework, the more, the better..
there is still no guarantee that with all this homework we have done, it is a 100% surewin or suregain investment.. but at least, it provides us with a much higher percentage of chance to make profit from our value investing..

=)
28/04/2017 14:37


 

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