Highlights
KLSE: SCGM (7247)       SCGM BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.89   0.00 (0.00%)  0.00 - 0.00  0
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Overview

Market Cap: 420 Million
NOSH: 145 Million
Avg Volume (4 weeks):134,531
4 Weeks Range:2.83 - 2.95
4 Weeks Price Volatility (%):
97.97%
52 Weeks Range:2.83 - 4.35
52 Weeks Price Volatility (%):
66.44%
Average Price Target: 3.47
Price Target Upside/Downside: +0.58

Financial Highlight

Latest Quarter | Ann. Date 31-Jul-2017[#1]  |  07-Sep-2017
Next QR | Est. Ann. Date: 31-Oct-2017  |  08-Dec-2017
T4Q P/E | EY: 18.19  |  5.50%
T4Q DY | Payout %: 2.45%  |  44.60%
T4Q NAPS | P/NAPS: 1.1535  |  2.51
T4Q NP Margin | ROE: 11.86%  |  13.78%

Market Buzz

Date Type Subject
19-Oct-2017 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 50,000 shares on 16-Oct-2017.
16-Oct-2017 Insider KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 56,700 shares on 13-Oct-2017.

Headlines

Date Subject
13-Sep-2017 Bursa Securities freezes upper limit for SCGM warrants
11-Sep-2017 成本走高.新厂落成.SCGM牺牲赚幅抢市占
11-Sep-2017 SCGM - Steady Outlook
11-Sep-2017 SCGM - Margin Compression
08-Sep-2017 Mplus Market Pulse - 8 Sept 2017
08-Sep-2017 SCGM - A Steady Start
08-Sep-2017 SCGM - 1Q18 Below Our Expectation
11-Aug-2017 PublicInvest Research Headlines - 11 Aug 2017
11-Aug-2017 Mplus Market Pulse - 11 Aug 2017
01-Aug-2017 SCGM: “Sure Can” Growth Model (updated with FY2017)
10-Jul-2017 PublicInvest Research Headlines - 10 Jul 2017
05-Jul-2017 SCGM(7247) - 季报与近况分析,进展值得鼓舞,未来值得期待!~WSWT~
28-Jun-2017 SCGM - Establishing A New Plant
28-Jun-2017 SCGM - Long Term Positive
26-Jun-2017 SCGM: Capital Commitments
23-Jun-2017 新厂年杪竣工.SCGM产能料增74%
22-Jun-2017 SCGM - Another Set of Record Earnings
22-Jun-2017 SCGM - FY17 Below Our Expectations
05-Jun-2017 SCGM: “Sure Can” Growth Model
02-May-2017 SCGM Berhad - Bonus and Warrants

Business Background

SCGM Bhd (SCGM) is a Malaysia-based investment holding company. The Company operates in two business segments, namely manufacturing of plastic products segment, which is engaged in manufacturing and trading of plastic products, and investments segment, which is engaged in investment holding. Its packaging products are being used to pack food products, including sandwiches, cakes, chocolates, biscuits, salads and moon cakes. It also offers antistatic and black conductive trays to hold semi-finished electronic products, such as liquid crystal display and hard disk drive parts, as well as packaging to store end-products, such as computer software. Lee Soon Seng Plastic Industries Sdn. Bhd. is SCGM's subsidiary, which is engaged in manufacturing and trading of plastic products.
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dfsbipohsch SCGM’s growth driven by increased capacity in FY18

Kenanga Research

The Edge Financial Daily

June 29, 2017 09:55 am MYT
This article first appeared in The Edge Financial Daily, on June 29, 2017.

SCGM Bhd
(June 28, RM4.16)

Maintain market perform with a target price of RM4.90:

We attended SCGM Bhd’s fourth quarter ended April 30, 2017 (4QFY17) analysts’ briefing and remain positive about their long-term outlook.
Despite slight margin compression in FY17, growth is driven by increased capacity in FY18 from a newly rented factory in the Klang Valley riding on increased demand for both food and beverage (F&B) packaging and plastic cups, while we also expect lower tax rates in FY18.
All in, we lower FY18 estimated (FY18E) earnings (by 6%) and maintain FY19E numbers.
Despite strong bottom-line growth in FY17 (up 19% year-on-year [y-o-y]), earnings before interest and tax (Ebit) margins compressed to 15.1% in FY17 (versus 19.7% in FY16) mostly due to higher resin cost, while we believe we have accounted for other cost increases previously (which are staff cost, utilities, depreciation of plant and equipment).
Management had guided that resin cost had moderated since a high in February and March 2017 (4QFY17). However, the group’s current resin cost is still higher by about 10% y-o-y.
SCGM announced its plan to rent a new 47,000 sq ft factory in Telok Panglima Garang, which will be its first factory in the Klang Valley, beginning July, and will be running at full capacity by December.

The factory will house four thermoforming machines and two extruders, producing 5,000 tonnes per year (at full capacity), costing RM20 million in capital expenditure which the group will fund from internally generated funds.
This newly rented factory will produce lunchboxes to cater to the existing Klang Valley market, which may provide better efficiency in the longer run from reduced transportation cost.
All in, post the inclusion of this newly rented factory, we expect FY18 to FY19 average capacity to increase to 39,200 tonnes to 49,900 tonnes per year (from 36,000 tonnes to 44,900 tonnes per year).

We are expecting FY18 capital expenditure (capex) allocation of RM60 million (from RM51 million) to be utilised mostly for the second factory construction in Kulai, and the new Klang Valley rented factory, while FY19 capex of RM54 million will be utilised for the Kulai factory construction.
As a result, we lower our FY18E effective tax rates to 13% (from 18%) post increasing our capex estimates as SCGM will benefit from reinvestment tax allowance, while we maintain FY19E tax rates at 18%.

All in, post accounting for increased top-line growth from the new capacity in the rented factory, Ebit margin compressions from higher raw material cost in FY18 to FY19 to 16.2% to 17.9% (from 19.1% to 19.8%) , and lower effective tax rates in FY18 to 13% (from 18%), we are expecting FY18 to FY19E earnings of RM30.9 million to RM38.1 million.
We are comfortable with our “market perform” call as most upsides have been priced in, while the group’s longer-term prospects are intact in light of decent earnings growth from long-term extrusion capacity expansion, and the F&B container market opening up on the state-wide polystyrene container ban. —

Kenanga Research, June 28

http://www.theedgemarkets.com/article/scgms-growth-driven-increased-capacity-fy18
29/06/2017 10:28
teoct The profit margin is sensitive to oil price. Should the price of oil return to over USD60, the profit margin (nett) would be back below 10%.
01/07/2017 15:46
Md Abd Fahmi Friday EGM.. tomorrow last day to buy and sell on monday..hahaha
05/07/2017 17:00
Md Abd Fahmi buy b4 too late..
06/07/2017 02:08
Md Abd Fahmi touch 4.2.. let se after market.. buy b4 too late
06/07/2017 15:01
cherinelee Any updates fr the egm?
07/07/2017 11:51
Md Abd Fahmi EPF buy at 1.43
07/07/2017 15:01
Md Abd Fahmi forgot today ex-date for DIV.. 06/07 closed at 4.13.. minus div 0.02 = will adjusted to 4.11.. right now at 4.12.. nice to entry
07/07/2017 15:48
dfsbipohsch (吉隆坡7日讯)柔佛塑料包装制造商SCGM Bhd正在巴生谷设立一座制造厂房,以提高在中马地区的市场份额。

该集团今日向大马交易所报备,面积4万7000平方尺的厂房设于巴生直落彭里玛加弄(Telok Panglima Garang)的租用厂址,将为巴生谷市场生产热真空午餐盒。

该集团补充,为机械拨出2000万令吉的资本开销。

“新厂不仅可以增加热真空午餐盒产能,还可以减少送货时间和降低物流成本。”

集团董事经理拿督斯里李福财表示:“我们相信,此举将有助于我们攫取更多市场份额,并成为巴生谷热真空食品包装的首选供应商。”

巴生谷厂房将拥有4台热成形机和2台挤压机,年产能为500万公斤,预计在2017年底开始营运。

SCGM目前的厂房位于柔佛古来,年总产能为3600万公斤,包括午餐盒、食品托盘和医疗托盘。

加上巴生谷的新厂,年产能将增至4100万公斤。

另外,SCGM股东今日批准以3送1比例,派发4840万红股的计划。还有每15股送2凭单,派送1936万的免费凭单。

企业活动将SCGM的发行及缴足资本由1亿4520万股,增至2亿1296万股。

闭市时,该股平盘收于4.13令吉,共25万6100股易手,市值为5亿9822万令吉。



(编译:陈慧珊)
07/07/2017 19:52
dfsbipohsch http://www.theedgemarkets.com/article/scgm%E5%9C%A8%E5%B7%B4%E7%94%9F%E8%B0%B7%E8%AE%BE%E5%8E%82-%E6%8B%A82000%E4%B8%87%E8%B5%84%E6%9C%AC%E5%BC%80%E9%94%80
07/07/2017 19:54
dfsbipohsch http://www.theedgemarkets.com/article/scgm-set-factory-klang-valley-allocates-rm20m-capex
07/07/2017 19:58
Md Abd Fahmi 100% approved... !!! yeyyy
08/07/2017 03:15
Md Abd Fahmi can reach RM 5.17 before ex-date?
10/07/2017 01:47
cherinelee when is the ex date?
10/07/2017 09:34
Md Abd Fahmi Tentative will be by end of this month
10/07/2017 11:28
Md Abd Fahmi hai ... hahahaha..
10/07/2017 11:28
cherinelee No wonder still haven't go up, Thanks,
11/07/2017 08:47
cherinelee Ex date 25/7/07
12/07/2017 21:18
dfsbipohsch [SCGM] Bonus Issue on 12-Jul-2017
________________________________________
Stock [SCGM]: SCGM BHD

Announcement Date 12-Jul-2017
________________________________________
Financial Year 30-Apr-2018
Subject Bonus Issue
Type Bonus Issue
Description BONUS ISSUE of 19,360,000 NEW WARRANTS IN SCGM ("WARRANT(S)") ON THE BASIS OF 2 WARRANTS FOR EVERY 15 EXISTING ORDINARY SHARES IN SCGM "(SCGM SHARE(S)") HELD AS AT 5.00 P.M. ON 27 JULY 2017 ("BONUS ISSUE OF WARRANTS")
Amount 2 : 15
Ex Date 25-Jul-2017
Entitlement Date 27-Jul-2017
Payment Date


[SCGM] Bonus Issue on 12-Jul-2017
________________________________________
Stock [SCGM]: SCGM BHD

Announcement Date 12-Jul-2017
________________________________________
Financial Year 30-Apr-2018
Subject Bonus Issue
Type Bonus Issue
Description BONUS ISSUE OF 48,400,000 NEW ORDINARY SHARES IN SCGM BHD ("SCGM") ("SCGM SHARE(S)" OR "SHARE(S)") ("BONUS SHARE(S)") ON THE BASIS OF 1 BONUS SHARE FOR EVERY 3 EXISTING SCGM SHARES HELD AS AT 5.00 P.M. ON 27 JULY 2017 ("BONUS ISSUE OF SHARES")
Amount 1 : 3
Ex Date 25-Jul-2017
Entitlement Date 27-Jul-2017
Payment Date
14/07/2017 21:34
Issac Chai gogogo...:)
21/07/2017 14:28
LordOfEquities good counter, Lord is liking it
21/07/2017 22:18
calvin good company..very strong at 3.200
25/07/2017 12:36
Billionaire_Dreamer Why suddenly drop so much?
25/07/2017 20:57
dfsbipohsch Ex. Bonus price at 3.20
25/07/2017 21:05
Victor Tan TP 4.5
25/07/2017 21:35
Meng anyone receive the bonus and warrant?
28/07/2017 09:42
cchng2 Not yet.. it is been delay??
28/07/2017 13:27
RainT PE too high ...current price is fairly value

Need drop more only can buy
30/07/2017 14:17
yeefanchan anyone receive the bonus and warrant already? I thought it suppose to transfer to us on 27th of July?
31/07/2017 09:56
Meng same, not yet
31/07/2017 11:48
dfsbipohsch Not yet receive
01/08/2017 22:36
Irfan Rahman 10th august guys.. will give bonus during the AGM
02/08/2017 14:24
cchng2 Thanks for your info, Rahman
02/08/2017 21:11
pputeh Till today 4/8 bonus shares still not in account however directors receiving bonus shares into their ac. Dated 3/8 on Klsc website today. How come. Thought all supposed to be same time. Registrar sleeping or intentionally done to allow directors to sell first.
04/08/2017 22:45
司马扬 Based on announcement today, SCGM warrant will be listed tmr. You can see that the issue date is 3 Aug. Hence, I believe same applied on bonus issue (issue date 3 Aug, listing date 9 Aug)
08/08/2017 20:47
pputeh Warrant overpriced. Conversion rm3.90 while mother share is only 3.12
09/08/2017 10:00
Irfan Rahman who queing for the warrant by the millions?
when is the qtr result and dividen anoucment?
09/08/2017 11:38
cchng2 Qtr result announced on sep n dividend announcement should be on sep also if it is still remain
10/08/2017 00:22
dfsbipohsch Bonus n WA aldy in account yest
Today WA double and no one is selling at above 0.605
10/08/2017 12:16
apolloang yesterday so early I queue a lot whole day 1,000 unit pun no get.....if no good one all get lah......all control and tipu
10/08/2017 15:37
Harris Lincoln really? you que buy arent you? so nobody sell?
10/08/2017 20:29
司马扬 Not bcoz of nobody is selling above 0.605, is due to limit up 30 sen a day according to Bursa rule.
10/08/2017 22:52
azrule10 why today cannot sell above 0.605
11/08/2017 10:28
Irfan Rahman scgm gain anything from silversponsored SEAgames?
or just a corporate-social service only?
20/08/2017 00:15
RainT I think cam get some tax incentive or reduction
27/08/2017 13:49
DisCiPline when will the qr release?
06/09/2017 17:49
Skykids Each bro sold 500lot to new shareholder?
07/09/2017 12:54
DisCiPline i am happy with the qr, business still doing well, still can pay dividend every quarter despite expanding the business
07/09/2017 17:58
bzeew The Klang Valley factory is expected to be fully operational by early 2018. We estimate it will contribute an additional 20% sales to the group.
(Public Invest Research).
17/09/2017 14:41
ltg100y SCGM perform shares buy back today, want to support the share price?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5569989
11/10/2017 19:53


 

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