Hmmm... Back to sideway movements, but with a higher sideway movement price. Got to wait for the 1st quarterly results on 27 May 2024 and the AGM the following day. SYNERGY got to justify its high PE.

AGM on 28 May 2024 at 10 a.m. Online AGM.

Then, later EPF would become substantial shareholders.

Bonus issues in the form of free WA and application for main board listing are expected.

One day, forumers will say that I should have bougth at RM1.48.

So far, as I know there are two AI provider, which.are YTLPOWER and PIE. So far as I know, there are two AI user which are SYNERGY and ITMAX.

Wow, the US markets rally after an unexpected "the US labour market cooled notably in April 2024". But Synergy House Bhd is moving sideway for the time being in low volume", waiting for the 1st quarter results to convince the big boys.

This forum is still very clean.

Based on B2C, B2B & AI, hopefully the above concensus can be achived.

On 27 May 2024, based on concensus, for 1st quarter results of FY2024, Synergy House Berhad is expected to achieve 300% of last year 1st quarter and at least 5% better QoQ.

Finally reach May 2024 where a majority of the companies will release their quarterly results.

Synergy House Berhad is a pure-play furniture distributor that fully outsources the manufacturing works to third party.

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-04-29-story-h-182761519-RHB_Research_Going_All_Out_Keep_BUY#google_vignette

RHB Research:
Keep BUY, new MYR1.61 TP from MYR1.08 (21% upside), c.2% FY25F yield. We are optimistic on the potential of data analytics to study customer behaviour and boost traffic, thereby driving scalability in Synergy House's business-to-consumer (B2C) e-commerce business. Given its higher-than- expected earnings growth (compelling FY24F PEG of 0.3x) and scalability, we have raised the P/E ratio from 15x to 20x FY24F earnings, resulting in our higher TP. The valuation is consistent with the 5-year average P/E of its closest regional peer, Zhiou Home Furnishing Tech.
Business-to-business (B2B) sales growing: In 4Q23, Synergy fulfilled the first batch of a new order for interlocking drawers from its US wholesaler, Customer A. The order was in response to new safety standards enforced by the US Consumer Product Safety Commission, requiring interlocks in clothing storage units. Following positive customer feedback, Customer A placed 400 more container orders for one of the world’s largest hypermarkets to sell in stores and online in the US. While existing B2B product line orders are unchanged, we adjusted our B2B sales growth from flattish to a 10% hike. We revise FY24F and FY25F core earnings projections upwards by 12% and 12.5% to MYR40.2m (+54% YoY) and MYR51.3m.
Embracing artificial intelligence (AI): At a recent site visit, we saw how Synergy fully integrated AI and data analytics into its operations, from design and development to project management, advertising, monitoring, marketing, and shipping. It has adopted cutting-edge semi-automatic drawing software for product design, and instead of manual photography, it uses 3D product images and room views. In advertising and monitoring, it conducts competitor analysis by monitoring changes in pricing and sales via AI-powered tools. It uses data analytics to identify most-searched keywords to reach its target customers. In marketing, it uses data analytics to access real-time data from online platforms on order replenishment and market trend analysis, including preferred colours and best-selling designs. AI is used in drafting product descriptions, while chatbots and AI are used for customer service. AI adoption enhances productivity and speeds up B2C sales growth.
Expansion on track: Synergy had 185 employees as of March, and aims to reach 200 this year. In efforts to diversify its reliance on Wayfair US, its B2C sales in the UK and other new platforms are growing fast. Early this year, Synergy kept sufficient inventory in third-party fulfilment centres for new year sales in the US and UK after experiencing a shortage in 1Q23. This year, it is also increasing its B2C SKUs by 25%. As B2C sales growth is anticipated to outpace B2B, we expect higher-margin B2C sales to eclipse B2B sales in FY24. B2C sales are also expected to account for 70% of total sales in FY25.

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-04-27-story-h-182789447-Synergy_House_Berhad_FY2024_Outlook_Annual_Report

I could well-remembered Mr Ooi Teik Bee won the I3investor Stock Picks Portfolio Contest in a certain year due to his powerful HEVEA-WA. Hevea is a furniture manufacturer company. He did recommended in I3. Those who bought and held from 2 January to 31 December made a fortune. At that time, shares below RM1 were half a sen per bid, shares from RM1 to RM5 were 2 sen per bid, shares from RM5 to RM10 were 5 sen per bid and shares above RM10 were 10 sen per bid.

XIAOCHEN said: Just by holding one stock only (YTLPOWER) from below 70 sen to RM4.00 ++, he/she has become a millionaire. I respect him/her. Those who gamble in HSI call warrants and put warrants, out of 10, 9 will lose money. All structured warrants (HSI-C & HSI-H) have time decay and the swing of index can hardly be predicted. But holding a stock for longer term is not gambling.

Synergy House may trend higher, says Rakuten Trade

KUALA LUMPUR (April 25): Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.

In a technical view note on Thursday, the research house said that as the stock formed a white marubozu candlestick on Wednesday coupled with the 20-day exponential moving averages (EMAs) pointing upward, the uptrend may continue in the near term.

“We expect the rising momentum to steer the stock higher and test the next level of resistance of RM1.38 (R1), followed by RM1.50 (R2).

“Fundamentally, we like Synergy for its B2C (business-to-consumer) focus, aiming for a 70% revenue share by FY2025, which promises higher margins,” it said.
Additionally, the research house said Synergy stands out for prioritising design and online sales, supported by artificial intelligence (AI)-driven market insights.
“Their expansion plans, which involve broadening product offerings and venturing into new markets like France, further solidify their position for growth,” it said

TRANSLATION FOR THE ABOVE BLOG IN MANDARIN DATED 24 APRIL 2024

The stock price of SYNERGY (0279) touched the highest point of MYR1.31 today, attracting great attention from investors! Although this company is not directly classified as a furniture stock, it has become the strongest company in the industry with its stock price!

Judging from the capital market, SYNERGY experienced a huge influx of capital yesterday (take the red column at the bottom of the chart as a reference), which is obviously an inflow of smart money.

It is understood that my country’s e-commerce exports are expected to reach RM38.6 billion in 2027. As a leader in cross-border e-commerce in the Malaysian stock market, SYNERGY has entered markets such as the United States, the United Kingdom, Canada and Germany, and is looking to Enter more foreign markets.

SYNERGY has opened up the US market when many furniture companies are suffering in 2020, and the company has more than 25 years of design and sales experience in pre-assembled furniture. The company will launch the GALANO brand in 2022, which is now available in As seen on Amazon US, Amazon UK, Amazon Canada and other US e-commerce websites, the US market is the company's blue ocean market.

In addition to pure stock price trends, what may stimulate the company's business development in recent days include the signing of a cooperation agreement between MATRADE and Amazon Global to further assist cross-border e-commerce companies in reaching U.S. stock customers. For example, SYNERGY has achieved success with its unique cross-border e-commerce business model. More investors support the company's sustainable business model, of which the flow of funds is the best proof. It is understood that SYNERGY's management has also become a special guest speaker at the event, implying that SYNERGY has grown rapidly in just two years. During the year, successful cases were launched on multiple Amazon markets.

At the same time, this also confirms the success of SYNERGY's focus on direct connection with clients (B2C).

We predict that the company will continue to grow at an astonishing 30.0% per year at least in the future. The rise in the stock price is by no means groundless and is absolutely supported by fundamentals.

We continue to be optimistic about SYNERGY's development prospects.

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-04-24-story-h-182881701-Synergy_House_Berhad_Estimating_Rise_in_Q1_FY2024_YoY

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-04-21-story-h-182971267-Synergy_House_An_AI_Driven_Furniture_Exporters_via_B2C

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-04-24-story-h-182907653-Synergy_House_Berhad_U2C_B2B_AI_Furniture_Exporter#google_vignette

Sadly I bought at 1.11, it went to 1.16 and due to the surprise Israel shot 3 drones into Iran with Dow Jones futures dropping sharply, it dropped back to 1.11.

@goldmanbull, I believe in your fundamental analysis. b2c (business to consumer) is a growing online business in this high technology trend nowadays.

Market Capitalization 4 April 2024
25. Sunway 18.6 bil
26. Sime 18.3 bil
27. Genting 18.1 bil
28. Airport 16.3 bil
29. GenM 15.4 bil
30. QL 14.6 bil
31. Gamuda 14.6 bil

Expecting a new record 1st quarter results next month and to confirm into KLCI compenents stock. Now it is moving side way.

Some fund managers of EPF disposed and some acquired. Today is April already. Next month is near day by day.

After EcoWorld announced an impressive quarter results, Cresendo announced a seven year high quarter results, plus 18 sen interim + special.dividend. It is now property theme play. Hopefully in May 2024, Sunway also can post a record high first quarter results + inclusion into KLCI component stock. If can be included into FTSE Asia Pacific Index, Sunway can shoot past RM4.00.

All target prices set are achieved already, except HLIB 3.76. Got to wait for the new wave.

Sunway Health Group expansion plan. Surf using Google. We can see how powerfull Sunway Healthcare Group is.

https://www.sunway.com.my/our-businesses/healthcare/
Now is property stock bull run. Other than property, Sunway also have healthcare groups. Take a look at the above link. You can see how powerfull is Sunway Healthcare Group.

A data centre in Selangor by a US multinational technology company.

Sunway owns 51% of SunCon. SunCon won a contract worth RM757.8 million to build a data centre. If SunCon does well, it is benificial to Sunway.

Next probably Sunway will give bonus of WC shares.

Sunway-WB will expire on 3 October 2024. Now it is trading at a negative premium (-2.58%). Many will buy and convert to mother shares. WB + Exercise price = 2.060 + 1.35 = 3.41. Mother share in now 3.51. Profit = 10 sen per share.

Wow, SUNCON has woke up. Today it also break new All Time High.

Sunway is now at 24th position in KLCI
by overtaking HLFG and Genting.

Other than the KLCI compenent, hopefully Sunway can also be listed into the FTSE Asia Pacific index, just like YTLPOWER.

24 Genting 18.9 bil
25 HLFG 18.6 bil
26 Sunway 18.3 bil
27 Sime 18.0 bil
28 GenM 16.3 bil
29 Airport 15.5 bil
30 QL 14.4 bil
31 MRDIY 14.1 bil
Sunway is very close to HLFG and Genting.

During the listing of SunCon (8 years ago), Sunway's shareholders were entitled to a one-for-ten distribution-in-specie of free SunCon and post-listing, shareholders also received a 26 sen special dividend. We expect Sunway's shareholders to be rewarded similarly via the SHG value-unlocking exercise.

It is not a matter you want to list Sunway Healthcare Group (SHG) or not. It is written in the following agreement:
Under the shareholders' with Singapore's sovereign wealth fund GIC Pte Ltd, the IPO for SHG has to be completed by October 2027.

20 March 2024 : 3.24 (-8 sen). Healthy correction.

@ER88, I just saw it. It is true that Sunway has overtaken Sime.

https://www.thestar.com.my/business/business-news/2024/03/19/sunway-a-proxy-for-countrys-economic-growth
Sunway is a proxy for country's economic growth.

19 March 2024: RM3.32
TA TP 3.29 achieved
AmInv TP 3.30 achieved
RHB-OSK TP 3.53
HLIB TP 3.76

Market capitalization
26 SimeDarby 18.1 bil
27 Sunway 17.1 bil
28 GenM 16.4 bil
29 Airport 15.4 bil
30 QL 14.4 bil
31 Gamuda 14.2 bil

Still not secure, Sunway must overtake SimeDarby. Another 30 sen rise will make it overtake SimeDarby.

https://theedgemalaysia.com/node/704876
HLIB keeps 'buy' on Sunway with higher target price of RM3.76.

@ planta2. Yes HLIB has raised the TP from RM3.10 to RM3.76.

10 March 2024: RM3.10
HLIB (TP 3.10 achieved)
TA (TP 3.29)
AMINVEST (TP 3.30)
RHB-OSK (TP 3.53)

26 Sime 18.3 bil
27 Sunway 16.6 bil
28 GenM 16.4 bil
29 Airport 15.7 bil
30 QL 14.4 bil
31 Gamuda 14.0 bil
After 3.5 sen dividend, 18 March 2024 will start at RM2.98 and it must close at RM3.02. If not, will drop below GenM again.