Highlights
KLSE: SAM (9822)       SAM ENGINEERING & EQUIPMENT Main : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
7.50   -0.47 (5.90%)  7.40 - 7.70  589,700
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Overview

Market Cap: 944 Million
NOSH: 126 Million
Avg Volume (4 weeks):117,545
4 Weeks Range:7.40 - 8.49
4 Weeks Price Volatility (%):
9.17%
52 Weeks Range:4.88 - 8.49
52 Weeks Price Volatility (%):
72.58%
Average Price Target: 6.50
Price Target Upside/Downside: -1.00

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2017[#1]  |  17-Aug-2017
Next QR | Est. Ann. Date: 30-Sep-2017  |  30-Nov-2017
T4Q P/E | EY: 21.74  |  4.60%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 3.5907  |  2.09
T4Q NP Margin | ROE: 7.99%  |  9.61%

Market Buzz

Date Type Subject
17-Aug-2017 Quarter Result Quarter Result on 30-Jun-2017[#1] QoQ - -47.49% YoY - -1.73%.
17-Aug-2017 Meeting Outcome Annual General Meeting on 17-Aug-2017.
19-Aug-2017 Forum 4 New Comments

Headlines

Date Subject
07-Jul-2017 Daily technical highlights - (LIENHOE, SAM)
20-Jun-2017 Daily Technical Highlights - (SAM, ANCOM)
18-May-2017 (Icon) Sam Engineering (3) - Excellent Results. All Divisions Doing Well
19-Feb-2017 (Icon) SAM Engineering (2) - Dark Horse of 2017, Super Star of 2018
08-Feb-2017 Mplus Market Pulse - 8 Feb 2017
02-Dec-2016 SAM: Earnings Plummeted - Alex Lu

Business Background

The late Mr. Loh Kim Teow founded LKT in 1948. Over the years, LKT has evolved from a humble foundry into a group of technology-based companies in Malaysia and globally, with the holding company listed on the Main Board of Bursa Malaysia, Technology counter. LKT, manufactures and enable technology for automated equipment technology including provision of precision manufacturing solutions with broad portfolio of innovative equipment, services and niche products for aerospace; renewable energy; semiconductor; medical equipment; oil and gas; and related microelectronics industries. Since 1948, LKT uses accumulated experience and knowledge for its core pillars: Design & Engineering; System Integration; Fabrication; Extensive Supply Chain Management; Customer Support; to pursue growth. Today, LKT's ingenuity in precision manufacturing; niche equipment contract manufacturing; system design and integration, has honed to form a unique set of capabilities to continuously take on challenges in our communities and create the world of tomorrow. Throughout the decades, LKT uses the accumulated technology and strengths of its core divisions to grow. By adopting the same organizational stance, our company can effectively adapt to rapidly changing market conditions all over the world. Drawing together the vast expertise we have cultivated through our business fields, LKT seeks to further refine its array of unique technologies in order to strengthen its commitment of being a leader in the "next generation" of technology.
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  8 people like this.
 
dompeilee SAM...Oh my SAM!!! :D :D
22/05/2017 20:37
sato dividend will announce on jun-jul
31/05/2017 16:12
applecider up nicely
06/06/2017 16:21
Wong Chie Kiong Dividend might be announce tomorrow after 5..anyone have internal news?
07/06/2017 17:09
Obsidian divvy so low this year?
11/06/2017 01:02
suregain Wat u expect? Profit not soo good ma
11/06/2017 09:43
leekh5555 div payout 47.29%.. not bad la..
13/06/2017 15:12
AyamGoreng kikikiki.....oh ya, dividend mari mari
13/06/2017 16:51
leekh5555 don't know how's the progress of the new plant?
15/06/2017 12:42
leekh5555 anyone can please update..
15/06/2017 12:43
dompeilee SAM...Oh my SAM!!! :D :D :D
19/06/2017 11:02
John Wick wow. suddenly jumped!
19/06/2017 11:50
musangfoxking 10 by year end!!! believe the great bomoh?
19/06/2017 12:09
musangfoxking today SAM spurts out forcefully, wetting the whole sky including my pantee indicates good profit in the making!!!! song song!!!
19/06/2017 15:25
dompeilee SAM...Oh my SAM!!! :D :D :D
19/06/2017 15:27
sato waloa! win liao-liao lah
19/06/2017 15:49
Wong Chie Kiong 100m factory just completed and fully operating FEB17... more to come
19/06/2017 18:46
musangfoxking sure will set new high by mth end!!!!
19/06/2017 19:35
20/06/2017 06:58
John Wick keep pushing!!
20/06/2017 11:44
Wong Chie Kiong Introduction

SAM is 75% owned by Temasek and is principally involved in manufacturing of the following:
(a) Semiconductor related equipment; and
(b) Mechanical parts for Boeing and Airbus.

In the past two years (2015-2016), SAM secured new contracts from Boeing and Airbus, resulted in increase in order book to RM3.5 billion. To cater for the higher demand, SAM is investing RM100 mil in a new manufacturing plant in Penang, which is expected to start generating profit in 2018.

Financial Highlight

(a) The group performed well during the period from June 2015 until March 2016. However, from June 2016 onwards, earnings had weakened markedly due to followings: Thinning of margin (caused by weakening of USD?) and decline in revenue of aerospace and semiconductor equipment divisions (which accounted for the bulk of revenue);

(b) Apart from currency effect, one possible reason for decline in aerospace profitability was start up cost for the new Penang plant;

(c) Performance of Precision Engineering division was impressive. It commanded EBIT margin of more than 30% consistently;

(d) PBT staged a strong rebound in latest quarter (ended Dec 2016), back to the RM15 mil level seen in 2015.

Aerospace division continued to be weak (both in revenue as well as margin).

Equipment division surprised on the upside, delivering a robust margin of 14%. This single handedly pulled up entire group's performance. Management attributed that to better product mix.

Precision Engineering continued to shine, contributed more than 25% of EBIT based on less than 10% revenue.

(e) If not because of higher effective tax rate of 36%, latest quarter (ended Dec 2016) EPS would have come in very strong and caused a re-rating. It seemed that the group has exhausted its tax credit. But the RM100 mil capex should result in lower tax rate going forward.

(f) One of the most striking observations is how small the group's revenue base has been. For example, over past 12 months (Jan 2016 – Dec 2016), total revenue for aerospace division was only RM300 mil. What is the implication? The implication is that the RM3.5 billion order book should have a huge impact on prospective earnings.

The group has set a target of RM1 billion in revenue by 2019. The bulk of the increase will be from the aerospace division, the revenue of which is expected to increase from estimated RM300 mil in 2017 to RM800 mil by 2019. Observers expect 2018 aerospace revenue to be somewhere in between (probably RM500 to RM600 mil). That should result in a huge jump in earning by 2018.
21/06/2017 20:14
999999999 yes, i believe 10 by yr end
22/06/2017 10:28
musangfoxking new high 8.04!
06/07/2017 15:20
dompeilee SAM...Oh my SAM!!! :D :D :D :D ;D
06/07/2017 15:41
applecider oh your Sam..
06/07/2017 15:57
dompeilee Another NEW multi-year high of 8.18! Higher than its peak in 2015 & 2016 :D
07/07/2017 09:11
musangfoxking am expecting 10 by year end!
07/07/2017 19:30
IamGoogle Very solid price performance
10/07/2017 11:33
John Wick really fly! breaking out strongly
10/07/2017 12:10
aiboon break history high with high RSI...
10/07/2017 12:18
musangfoxking this history high will be broken soon!!! believe the great bomoh!!!!! kikikiki
10/07/2017 13:56
ivan9511 sam sam faster break 10 let me sell at 10 and cash out
10/07/2017 17:40
musangfoxking i wont!
10/07/2017 19:14
hstha Profit taking will be taking place very soon.
10/07/2017 23:12
leekh5555 ave.up...
11/07/2017 15:23
Wong Chie Kiong Getting new tax exempted Credit ☺️
12/07/2017 08:20
dompeilee Back to a new 52-week high ! :D
13/07/2017 09:44
applecider so fast after ex div. good
24/07/2017 15:35
applecider wow quite fast after ex div
24/07/2017 15:40
dompeilee Oh my SAM!!! :D)
25/07/2017 13:58
dompeilee This year's annual report,appropriately with the soaring eagle on the front cover, was received by me yesterday. Beautifullest AR of all 2017!
29/07/2017 07:46
leekh5555 AR page 22
29/07/2017 16:29
Wong Chie Kiong Anyone have any news on this counter ?
10/08/2017 19:55
suregain Poor result
17/08/2017 18:14
bc8660 Please discount more... Looking chance to accumulate more.
18/08/2017 11:32
suregain sell down...
18/08/2017 12:13
KLCI King Better run before regret, the result is definitely not as expected by the market, market expected more, but how many more quarters need to wait for the results to be delivered as promised by the management? Another con man business?
19/08/2017 01:32
KLCI King The CEO of SAM has been shouting to achieve 1bil sales since 2012, what happened now? All fake hopes only.

No more mention 1bil sales target & 3bil award, suddenly all talked about F1 in AR2017. HAHA, ANOTHER JOKE!
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=176115&name=EA_DS_ATTACHMENTS

Page 1 & 13 of AR2015 said: We will rock to claim 1 billion records. WHERE IS IT NOW?
page 6 talked about 3bil award, WHAT A DREAM, BUT FAKE HOT BUBBLE ONLY
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=171082&name=EA_DS_ATTACHMENTS

Page 3 of AR2014 declared: half way to bil ringgit destination. WHAT A JOKE!
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/?name=EA_DS_ATTACHMENTS&id=164039

Page 6 of AR2012: SAM Malaysia is on the offensive to cross over the RM1 billion revenue. GOOD JOKE!
http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download/?name=EA_DS_ATTACHMENTS&id=156844
19/08/2017 01:37
shareinvestment7 Are u sure Sam is con man company? But no doubt from the recent and past 4 QR, no sign of 1 billion revenue yet. Latest Q1 2018 revenue is about 133 million. Annualised x 4 not even 6 million. If expect growth over next 3 quarter, the most can acheive in 2018 is about 600 - 700 million.
19/08/2017 17:37
shareinvestment7 And why the Share Premium account has become part of the Company’s Share Capital??
19/08/2017 17:38


 

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