Highlights
KLSE: SCGM (7247)       SCGM BHD Main : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
2.98   -0.08 (2.61%)  2.98 - 3.02  96,400
Trade this stock for as low as 0.05% brokerage. Find out more.

Financials


Market Cap: 577 Million

Market Cap 577 Million
NOSH 194 Million

Latest Audited Result:  30-Apr-2017

Latest Audited Result: 30-Apr-2017
Announcement Date 19-Jul-2017
Next Audited Result: 30-Apr-2018
Est. Ann. Date: 19-Jul-2018
Est. Ann. Due Date: 27-Oct-2018

Latest Quarter:  30-Apr-2017 [#4]

Latest Quarter: 30-Apr-2017 [#4]
Announcement Date 21-Jun-2017
Next Quarter: 31-Jul-2017
Est. Ann. Date: 02-Sep-2017
Est. Ann. Due Date: 29-Sep-2017
QoQ | YoY   -27.16%  |    46.85%

Annual (Unaudited) ( EPS: 11.88, P/E: 25.08 )

Revenue | NP to SH 178,785  |  23,001
RPS | P/RPS 92.35 Cent  |  3.23
EPS | P/E | EY 11.88 Cent  |  25.08  |  3.99%
DPS | DY | Payout % 5.86 Cent  |  1.97%  |  49.32%
NAPS | P/NAPS 0.83  |  3.58
YoY   13.90%
NP Margin | ROE 12.87%  |  14.29%
F.Y. | Ann. Date 30-Apr-2017  |  21-Jun-2017

T4Q Result ( EPS: 11.88, P/E: 25.08 )

Revenue | NP to SH 178,785  |  23,001
RPS | P/RPS 92.35 Cent  |  3.23
EPS | P/E | EY 11.88 Cent  |  25.08  |  3.99%
DPS | DY | Payout % 5.55 Cent  |  1.86%  |  46.75%
NAPS | P/NAPS 0.83  |  3.58
QoQ | YoY   7.59%  |    13.90%
NP Margin | ROE 12.87%  |  14.29%
F.Y. | Ann. Date 30-Apr-2017  |  21-Jun-2017

Annualized Result ( EPS: 11.88, P/E: 25.08 )

Revenue | NP to SH 178,785  |  23,001
RPS | P/RPS 92.35 Cent  |  3.23
EPS | P/E | EY 11.88 Cent  |  25.08  |  3.99%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -3.72%  |    13.90%
NP Margin | ROE 12.87%  |  14.29%
F.Y. | Ann. Date 30-Apr-2017  |  21-Jun-2017


Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Click here to modify the Visible Columns.

Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Apr-2017 21-Jun-2017 30-Apr-2017 4 52,907 6,604 5,084 5,084 2,835 160,930 55.78% 9.61% 3.16% 141,789 37.31 27.33 3.59 2.63 2.00 1.46 1.1350 0.83   -27.16%   46.85% 28-Apr-2017 4.05 10.85 112.95 3.57 0.89% 0.49% 21-Jun-2017 4.09 10.96 114.07 3.60 0.88% 0.49%
30-Apr-2017 15-Mar-2017 31-Jan-2017 3 45,987 7,043 6,980 6,980 2,638 120,916 37.81% 15.18% 5.77% 131,947 34.85 23.75 5.29 3.61 2.00 1.36 0.9164 0.62   28.66%   -1.04% 31-Jan-2017 3.40 9.76 64.27 3.71 1.56% 0.59% 3.82 10.96 72.21 4.17 1.38% 0.52%
30-Apr-2017 08-Dec-2016 31-Oct-2016 2 42,015 6,521 5,425 5,425 2,640 116,621 48.66% 12.91% 4.65% 132,000 31.83 21.70 4.11 2.80 2.00 1.36 0.8835 0.60   -1.58%   13.19% 31-Oct-2016 3.36 10.56 81.75 3.80 1.22% 0.60% 08-Dec-2016 3.33 10.46 81.02 3.77 1.23% 0.60%
30-Apr-2017 02-Sep-2016 31-Jul-2016 1 37,876 6,436 5,512 5,512 2,637 113,721 47.85% 14.55% 4.85% 131,866 28.72 19.56 4.18 2.85 2.00 1.36 0.8624 0.59   59.21%   12.81% 29-Jul-2016 3.50 12.19 83.73 4.06 1.19% 0.57% 02-Sep-2016 2.82 9.82 67.46 3.27 1.48% 0.71%
30-Apr-2016 23-Jun-2016 30-Apr-2016 4 32,487 5,097 3,462 3,462 2,642 111,074 76.34% 10.66% 3.12% 132,137 24.59 16.78 2.62 1.79 2.00 1.37 0.8406 0.57   -50.91%   -32.61% 29-Apr-2016 2.96 12.04 112.98 3.52 0.89% 0.68% 23-Jun-2016 3.61 14.68 137.79 4.29 0.73% 0.55%
30-Apr-2016 14-Mar-2016 31-Jan-2016 3 37,263 8,881 7,053 7,053 3,840 106,806 54.45% 18.93% 6.60% 128,003 29.11 19.25 5.51 3.64 3.00 1.98 0.8344 0.55   47.15%   83.29% 29-Jan-2016 3.05 10.48 55.35 3.66 1.81% 0.98% 14-Mar-2016 3.07 10.55 55.72 3.68 1.79% 0.98%
30-Apr-2016 09-Dec-2015 31-Oct-2015 2 34,118 5,843 4,793 4,793 4,805 76,207 100.25% 14.05% 6.29% 120,125 28.40 17.62 3.99 2.48 4.00 2.48 0.6344 0.39   -1.90%   57.72% 30-Oct-2015 2.75 9.68 68.92 4.33 1.45% 1.45% 09-Dec-2015 2.82 9.93 70.68 4.45 1.41% 1.42%
30-Apr-2016 18-Aug-2015 31-Jul-2015 1 29,637 5,936 4,886 4,886 3,998 74,241 81.83% 16.49% 6.58% 79,967 37.06 15.31 6.11 2.52 5.00 2.07 0.9284 0.38   -4.89%   37.91% 31-Jul-2015 3.77 10.17 61.70 4.06 1.62% 1.33% 18-Aug-2015 3.59 9.69 58.76 3.87 1.70% 1.39%
30-Apr-2015 22-Jun-2015 30-Apr-2015 4 25,869 6,187 5,137 5,137 - 73,854 - % 19.86% 6.96% 80,015 32.33 13.36 6.42 2.65 0.00 0.00 0.9230 0.38   33.50%   104.34% 30-Apr-2015 2.72 8.41 42.37 2.95 2.36% 0.00% 22-Jun-2015 3.37 10.42 52.49 3.65 1.91% 0.00%
30-Apr-2015 18-Mar-2015 31-Jan-2015 3 27,364 4,898 3,848 3,848 4,000 75,816 103.95% 14.06% 5.08% 80,000 34.21 14.13 4.81 1.99 5.00 2.07 0.9477 0.39   26.62%   17.35% 30-Jan-2015 2.34 6.84 48.65 2.47 2.06% 2.14% 18-Mar-2015 2.69 7.86 55.93 2.84 1.79% 1.86%
30-Apr-2015 18-Dec-2014 31-Oct-2014 2 26,124 4,089 3,039 3,039 15 70,344 0.53% 11.63% 4.32% 79,973 32.67 13.49 3.80 1.57 0.02 0.01 0.8796 0.36   -14.23%   12.60% 31-Oct-2014 2.08 6.37 54.74 2.36 1.83% 0.01% 18-Dec-2014 1.74 5.33 45.79 1.98 2.18% 0.01%
30-Apr-2015 12-Sep-2014 31-Jul-2014 1 27,276 4,593 3,543 3,543 - 69,420 - % 12.99% 5.10% 79,977 34.10 14.09 4.43 1.83 0.00 0.00 0.8680 0.36   40.93%   13.30% 31-Jul-2014 1.98 5.81 44.70 2.28 2.24% 0.00% 12-Sep-2014 2.38 6.98 53.72 2.74 1.86% 0.00%
30-Apr-2014 23-Jun-2014 30-Apr-2014 4 23,785 4,020 2,514 2,514 - 69,479 - % 10.57% 3.62% 80,063 29.71 12.29 3.14 1.30 0.00 0.00 0.8678 0.36   -23.33%   36.56% 30-Apr-2014 1.47 4.95 46.82 1.69 2.14% 0.00% 23-Jun-2014 2.04 6.87 64.97 2.35 1.54% 0.00%
30-Apr-2014 28-Mar-2014 31-Jan-2014 3 24,745 4,253 3,279 3,279 - 70,890 - % 13.25% 4.63% 79,975 30.94 12.78 4.10 1.69 0.00 0.00 0.8864 0.37   21.49%   137.09% 30-Jan-2014 0.88 2.84 21.46 0.99 4.66% 0.00% 28-Mar-2014 1.12 3.62 27.32 1.26 3.66% 0.00%
30-Apr-2014 30-Dec-2013 31-Oct-2013 2 26,026 3,359 2,699 2,699 - 69,381 - % 10.37% 3.89% 80,089 32.50 13.44 3.37 1.39 0.00 0.00 0.8663 0.36   -13.69%   17.40% 31-Oct-2013 0.875 2.69 25.96 1.01 3.85% 0.00% 30-Dec-2013 0.95 2.92 28.19 1.10 3.55% 0.00%
30-Apr-2014 26-Sep-2013 31-Jul-2013 1 25,744 3,384 3,127 3,127 - 69,001 - % 12.15% 4.53% 79,974 32.19 13.30 3.91 1.62 0.00 0.00 0.8628 0.36   69.85%   42.98% 31-Jul-2013 0.955 2.97 24.42 1.11 4.09% 0.00% 26-Sep-2013 0.99 3.08 25.32 1.15 3.95% 0.00%
30-Apr-2013 28-Jun-2013 30-Apr-2013 4 22,609 3,117 1,841 1,841 - 66,043 - % 8.14% 2.79% 80,043 28.25 11.68 2.30 0.95 0.00 0.00 0.8251 0.34   33.12%   29.19% 30-Apr-2013 0.55 1.95 23.91 0.67 4.18% 0.00% 28-Jun-2013 1.10 3.89 47.83 1.33 2.09% 0.00%
30-Apr-2013 29-Mar-2013 31-Jan-2013 3 25,847 1,683 1,383 1,383 - 64,025 - % 5.35% 2.16% 79,942 32.33 13.35 1.73 0.71 0.00 0.00 0.8009 0.33   -39.84%   -20.65% 31-Jan-2013 0.525 1.62 30.35 0.66 3.30% 0.00% 29-Mar-2013 0.58 1.79 33.53 0.72 2.98% 0.00%
30-Apr-2013 17-Dec-2012 31-Oct-2012 2 22,893 3,029 2,229 2,299 - 64,569 - % 9.74% 3.56% 82,401 27.78 11.82 2.79 1.19 0.00 0.00 0.7836 0.33   5.12%   68.42% 31-Oct-2012 0.67 2.41 24.01 0.86 4.16% 0.00% 17-Dec-2012 0.50 1.80 17.92 0.64 5.58% 0.00%
30-Apr-2013 28-Sep-2012 31-Jul-2012 1 25,545 2,547 2,187 2,187 - 62,726 - % 8.56% 3.49% 80,109 31.89 13.19 2.73 1.13 0.00 0.00 0.7830 0.32   53.47%   30.96% 31-Jul-2012 0.71 2.23 26.01 0.91 3.85% 0.00% 28-Sep-2012 0.69 2.16 25.27 0.88 3.96% 0.00%
30-Apr-2012 29-Jun-2012 30-Apr-2012 4 21,986 2,200 1,425 1,425 - 63,484 - % 6.48% 2.24% 80,056 27.46 11.36 1.78 0.74 0.00 0.00 0.7930 0.33   -18.24%   -22.13% 30-Apr-2012 0.77 2.80 43.26 0.97 2.31% 0.00% 29-Jun-2012 0.74 2.69 41.57 0.93 2.41% 0.00%
30-Apr-2012 19-Mar-2012 31-Jan-2012 3 19,876 2,109 1,743 1,743 - 59,589 - % 8.77% 2.92% 79,954 24.86 10.27 2.18 0.90 0.00 0.00 0.7453 0.31   27.69%   -0.74% 31-Jan-2012 0.49 1.97 22.48 0.66 4.45% 0.00% 19-Mar-2012 0.83 3.34 38.07 1.11 2.63% 0.00%
30-Apr-2012 29-Dec-2011 31-Oct-2011 2 18,776 1,640 1,365 1,365 - 60,243 - % 7.27% 2.27% 79,824 23.52 9.70 1.71 0.71 0.00 0.00 0.7547 0.31   -18.26%   -28.35% 31-Oct-2011 0.47 2.00 27.49 0.62 3.64% 0.00% 29-Dec-2011 0.50 2.13 29.24 0.66 3.42% 0.00%
30-Apr-2012 28-Sep-2011 31-Jul-2011 1 21,473 1,889 1,670 1,670 - 58,841 - % 7.78% 2.84% 79,904 26.87 11.09 2.09 0.86 0.00 0.00 0.7364 0.30   -8.74%   6.78% 29-Jul-2011 0.505 1.88 24.16 0.69 4.14% 0.00% 28-Sep-2011 0.48 1.79 22.97 0.65 4.35% 0.00%
30-Apr-2011 28-Jun-2011 30-Apr-2011 4 20,509 1,450 1,830 1,830 - 57,872 - % 8.92% 3.16% 79,912 25.66 10.59 2.29 0.95 0.00 0.00 0.7242 0.30   4.21%   30.71% 29-Apr-2011 0.50 1.95 21.83 0.69 4.58% 0.00% 28-Jun-2011 0.51 1.99 22.27 0.70 4.49% 0.00%
30-Apr-2011 29-Mar-2011 31-Jan-2011 3 19,798 2,122 1,756 1,756 - 55,968 - % 8.87% 3.14% 79,818 24.80 10.23 2.20 0.91 0.00 0.00 0.7012 0.29   -7.82%   34.66% 31-Jan-2011 0.49 1.98 22.27 0.70 4.49% 0.00% 29-Mar-2011 0.63 2.54 28.64 0.90 3.49% 0.00%
30-Apr-2011 28-Dec-2010 31-Oct-2010 2 17,215 2,012 1,905 1,905 - 56,781 - % 11.07% 3.35% 80,042 21.51 8.89 2.38 0.98 0.00 0.00 0.7094 0.29   21.80%   4.56% 29-Oct-2010 0.53 2.46 22.27 0.75 4.49% 0.00% 28-Dec-2010 0.50 2.32 21.01 0.70 4.76% 0.00%
30-Apr-2011 28-Sep-2010 31-Jul-2010 1 17,548 1,671 1,564 1,564 - 54,708 - % 8.91% 2.86% 79,795 21.99 9.06 1.96 0.81 0.00 0.00 0.6856 0.28   11.71%   -39.47% 30-Jul-2010 0.51 2.32 26.02 0.74 3.84% 0.00% 28-Sep-2010 0.56 2.55 28.57 0.82 3.50% 0.00%
30-Apr-2010 25-Jun-2010 30-Apr-2010 4 15,217 1,907 1,400 1,400 - 53,735 - % 9.20% 2.61% 79,999 19.02 7.86 1.75 0.72 0.00 0.00 0.6717 0.28   7.36%   -36.57% 30-Apr-2010 0.51 2.68 29.14 0.76 3.43% 0.00% 25-Jun-2010 0.53 2.79 30.29 0.79 3.30% 0.00%
30-Apr-2010 19-Mar-2010 31-Jan-2010 3 16,939 1,485 1,304 1,304 - 52,343 - % 7.70% 2.49% 80,000 21.17 8.75 1.63 0.67 0.00 0.00 0.6543 0.27   -28.43%   292.77% 29-Jan-2010 0.52 2.46 31.90 0.79 3.13% 0.00% 19-Mar-2010 0.51 2.41 31.29 0.78 3.20% 0.00%
30-Apr-2010 23-Dec-2009 31-Oct-2009 2 17,992 2,093 1,822 1,822 - 50,968 - % 10.13% 3.57% 79,912 22.51 9.29 2.28 0.94 0.00 0.00 0.6378 0.26   -29.49%   48.86% 30-Oct-2009 0.56 2.49 24.56 0.88 4.07% 0.00% 23-Dec-2009 0.50 2.22 21.93 0.78 4.56% 0.00%
30-Apr-2010 18-Sep-2009 31-Jul-2009 1 17,570 2,710 2,584 2,584 - 53,103 - % 14.71% 4.87% 79,999 21.96 9.08 3.23 1.33 0.00 0.00 0.6638 0.27   17.08%   27.04% 31-Jul-2009 0.56 2.55 17.34 0.84 5.77% 0.00% 18-Sep-2009 0.57 2.60 17.65 0.86 5.67% 0.00%
30-Apr-2009 26-Jun-2009 30-Apr-2009 4 13,916 2,207 2,207 2,207 1,999 49,073 90.58% 15.86% 4.50% 79,963 17.40 7.19 2.76 1.14 2.50 1.03 0.6137 0.25   564.76%   17.46% 30-Apr-2009 0.53 3.05 19.20 0.86 5.21% 4.72% 26-Jun-2009 0.60 3.45 21.74 0.98 4.60% 4.17%
30-Apr-2009 26-Mar-2009 31-Jan-2009 3 12,618 332 332 332 - 46,503 - % 2.63% 0.71% 79,047 15.96 6.52 0.42 0.17 0.00 0.00 0.5883 0.24   -72.88%   -66.77% 30-Jan-2009 0.57 3.57 135.71 0.97 0.74% 0.00% 26-Mar-2009 0.58 3.63 138.10 0.99 0.72% 0.00%
30-Apr-2009 10-Dec-2008 31-Oct-2008 2 16,597 1,497 1,224 1,224 - 48,671 - % 7.37% 2.51% 80,000 20.75 8.57 1.53 0.63 0.00 0.00 0.6084 0.25   -39.82%   - % 31-Oct-2008 0.55 2.65 35.95 0.90 2.78% 0.00% 10-Dec-2008 0.79 3.81 51.63 1.30 1.94% 0.00%
30-Apr-2009 22-Sep-2008 31-Jul-2008 1 18,622 2,307 2,034 2,034 - 47,526 - % 10.92% 4.28% 80,078 23.25 9.62 2.54 1.05 0.00 0.00 0.5935 0.25   8.25%   - % 31-Jul-2008 0.44 1.89 17.32 0.74 5.77% 0.00% 22-Sep-2008 0.62 2.67 24.41 1.04 4.10% 0.00%
30-Apr-2008 25-Jun-2008 30-Apr-2008 4 14,721 2,302 1,879 1,879 669 15,548 35.61% 12.76% 12.08% 26,766 55.00 7.60 7.02 0.97 2.50 0.35 0.5809 0.08   88.09%   - % 30-Apr-2008 0.56 1.02 7.98 0.96 12.54% 4.46% 25-Jun-2008 0.52 0.95 7.41 0.90 13.50% 4.81%
30-Apr-2008 25-Mar-2008 31-Jan-2008 3 8,947 1,174 999 999 - 6,317 - % 11.17% 15.81% 10,811 82.75 4.62 9.24 0.52 0.00 0.00 0.5843 0.03   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 25-Mar-2008 0.52 0.63 5.63 0.89 17.77% 0.00%
30-Apr-2008 31-Oct-2007 2 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Apr-2008 31-Jul-2007 1 0 0 0 0 - - - % - % - % - - - 0.00 0.00 0.00 0.00 - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Trade this stock with 3 x trading limit. Find out more.
  6 people like this.
 
dfsbipohsch SCGM - Another Set of Record Earnings
Date: 22/06/2017
Source : PUBLIC BANK
Stock : SCGM
Price Target : 4.26 | Price Call : BUY
Last Price : 4.12 | Upside/Downside : +0.14 (3.40%)

SCGM registered core earnings of RM23m for FY17, an increase of 15% YoY. The new level of record earnings was helped mainly by encouraging local sales in its food packaging products. The results were in line with our and consensus forecast. Sales from extrusion, medical and ‘others’ segment outperformed with a 74% YoY growth, spurred by additional production lines while the food & beverage segment grew 12.4% YoY. A fourth interim dividend of 2sen was declared for the quarter. Pending further management guidance from the analyst briefing this coming Friday, we maintain our Outperform call with an unchanged TP of RM4.26 based on 21x FY18 EPS.
• 4QFY17 revenue jumped 62.8% YoY. The Group registered an encouraging growth of 62.8% YoY to RM52.9m in 4QFY17 on the back of better plastic packaging product sales from local demand (+89.5% YoY) while the export sales market also grew (+24.9%). Local sales made up 68% during the quarter compared to 59% in 4QFY16. Thermoform lunchboxes was the key growth driver for the Group as it contributed about RM8m (3QFY17: RM10.3m, 2QFY17: RM2m, 1QFY17: RM1.4m), helped by the enforcement of the ban of polystyrene food boxes in several states, namely, Johor, Perak, Selangor, Melaka, KL and Penang.
• 4QFY17 core earnings (QoQ: -15%, YoY: +50%). Stripping out foreign exchange gains, the Group’s core earnings surged 50% YoY to RM5.1m in 4QFY17, mainly driven by improved sales from its plastic packaging products. Gross earnings margin fell from 15.4% to 12.3% however as operating expenses jumped 68.7% YoY attributed to an increase in resin cost, depreciation of property, plant and equipment, electricity cost and packaging materials.
• Setting higher standard for its products. Management has put in a new line of degradable food packaging in June. It also introduced environmentally-friendly degradable food packaging into the Malaysian market. Its “Benxon” brand of thermoform lunchboxes have started carrying the Eco-Label mark, which will make it a more competitive brand name in the overseas markets.
• Maintain Outperform call. We like the company for its i) recession-proof business, ii) substantial capacity expansion in the pipeline and iii) double digit growth in the biodegradable plastic packaging products for the next few years.
Source: PublicInvest Research - 22 Jun 2017
22/06/2017 21:42
shpg22 REDUCED...fair price at 3.40, P/E 20
25/06/2017 23:02
stockmanmy no idea why net margin is lower...but I am a buyer , not seller/
26/06/2017 13:53
Meng few factors include the resin price, inventories written down, taxation, etc.
28/06/2017 10:29
dfsbipohsch SCGM - Establishing A New Plant
Date: 28/06/2017
Source : PUBLIC BANK
Stock : SCGM
Price Target : 4.26 | Price Call : BUY
Last Price : 4.19 | Upside/Downside : +0.07 (1.67%)

We came away from SCGM’s analyst briefing last week with some encouraging updates. As expected, its degradable lunch boxes continue to receive strong response owing to the regulatory ban on polystyrene in Penang, Selangor and Federal Territory, which made up the bulk of its lunchbox sales. Apart from sharing on the benefits of being a silver sponsor in the upcoming SEA Games in August 2017, management also highlighted its plans to rent a 47,000 sq ft premise in Klang to produce lunch boxes to cater to the Klang Valley market. We continue to maintain our Outperform call with an unchanged TP of RM4.26 based on 21x FY18 EPS.
• Results round-up on FY17. All three core segments delivered decent growth during the quarter. Food & other packaging, which contributed more than 82% of the Group’s sales, posted 20.6% YoY growth driven by stronger sales volume in lunchboxes and cups. Electronic and extrusion, medical & others grew 16.3% and 57.2%, respectively. Local sales grew at a larger pace, up 56.4% (vs exports: +8.7% YoY) as the company added more local customers in FY17. At the cost of securing more market share however, EBITDA margin fell from 24.2% to 19.9% due to more competitive pricing.
• Resin cost normalising. In tandem with oil prices, average resin cost had risen from RM3.60/kg in November 2016 to an all-time high of RM4.70/kg in March before softening to the current level of RM4.10/kg. It expects to see some discounts given going forward, which will see its average selling price fall from RM8-9 kg/year to RM7-8 kg/year.
• Setting up a new plant in Klang soon. The company has rented a 47,000 sq ft plot of land in Telok Panglima Garang, Klang to house 4 thermoform machines and 2 extruders with a capacity of 5m kg/year. The total investment cost is about RM20m. The new plant, which will be fully commissioned in December 2017, will produce 800,000 lunch boxes/day (estimated revenue: RM40m) to cater mainly to the Klang Valley market and reduce transportation costs. On the progress of the construction of the new plant in Kulai which has an extrusion capacity of 62.6m kg/year, it is on track to be completed by December 2018. Upon completion, it will centralize all its existing production capacity to the new plant. In total, it will see a combined production capacity of 67.6m kg/year upon the completion of both plants.
• Outlook guidance. Management expects to see lower tax rate in FY18 on the back of reinvestment allowance and tax breaks as a silver sponsor of Malaysia’s SEA Games in August. It will contribute about RM0.5m cash and sponsorship of lunchboxes worth RM0.5m for the SEA Games athletes. Apart from enjoying exclusive marketing and branding rights during the SEA Games, it expects to see a spillover effect worth RM8-10m as it will rake in more than 7m lunchbox sales to more than 20,000 officials and volunteers.
Source: PublicInvest Research - 28 Jun 2017
28/06/2017 14:16
Meng wow, another capex, thats good news, but something funny there.. the size is twice time bigger than the rented factory in kulai, the machine setup looks same 2 extrusion machines and 4 thermo-forming machines but the capital very much different from both, kulai factory capacity is 11m but klang only 5m? hmm...
28/06/2017 15:03
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