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Overview
Financial Highlight
Headlines
Business Background Sanichi Technology Bhd through its subsidiaries is engaged in designing and fabrication of precision moulds and tooling for use in an automobile, home appliance, audio visual, computer peripheral, electrical and telecommunication industry. It has two reportable segments namely Investment holding investment property and Manufacturing. The company’s products are further divided into two segments namely Cosmetic Parts and Mechanical Parts. Some of its products are Rapid Cooling Mould, Multi-polymer Mould, Gas Injection Mould, Weld Less Technology and Motorised Gear Mould. It generates a majority of its revenue from Manufacturing. Geographically, the company generates a major share of revenue from Hong Kong.
  nokchin Refer to: http://www.marinapoint.com.my/gallery-site-progress.php Sanichi actually started the Marina Point (Klebang, Melaka) project on June-2017. Then Covid19 strike in Year 2020. Until today Covid19 situation in Malaysia is still very bad. So the Covid19 is sort of like a distraction to Sanichi's Marina Point project. All construction projects in Malaysia are affected adversely by Covid19. When Covid19 is over (hopefully soon), Marina Point project should be a crown jewel for Sanichi (hopefully). That is why I am keeping Sanichi shares. Hopefully I am right about this. Anybody live near Klebang, Melaka? Can update on the progress of Marina Point project there? 01/07/2021 4:41 PM nokchin I just manage to communicate with one property agent from Melaka. He told me that Marina Point project is still under construction, but projected to be completed by end of this year 01/07/2021 7:50 PM nokchin At least Sanichi has one REAL project at Marina Point, Klebang, Melaka. http://www.marinapoint.com.my/gallery-site-progress.php http://www.marinapoint.com.my/contact-us.php 01/07/2021 8:11 PM nokchin So, I am KEEPING my Sanichi shares. 1 year, 2 years, 3 years, 4 years, 5 years..... no problem. 01/07/2021 8:13 PM nokchin As I said earlier, I bought some Sanichi shares at RM0.095 Though it drops to RM0.04 now, I am not worry. I am not worry because at least I know Sanichi has one REAL project at Marina Point, Klebang, Melaka. I plan to keep for long term. I will just close my eyes for now, and not look at short term price fluctuation. 02/07/2021 10:34 AM telurgoreng Lol... the pattern same as when it was 9 cents, 7 cents. 6 cents... now 3.5 cents pretending to go to 4.5 cents, later queue at 4 cents disappear, all get caught off guard again lol 02/07/2021 10:57 AM Peace99 nokchin Thanks for the update on Marina Point. aI think Plastic injection mould also real. The ventilator if approved will be bonus. My cost is around .10, so if I have more bullets may top up some. 04/07/2021 10:30 AM nokchin Hi Peace99, It doesn't matter whether your cost is .10 or 0.04. If we invest long term, we should not bother about short term price fluctuation. My cost is RM0.095 , and I am not worry even though now the price drops to 0.04 , because I know (at least) Sanichi has one REAL project at Marina Point, Klebang, Melaka. So Sanichi is not going to disappear anytime soon. If Sanich disappears, then what is going to happen to that Marina Point project at Melaka? So no worry !! Why need to worry?? 04/07/2021 6:34 PM nokchin But this is my plan .... In case one day in the future if some operators happen to 'goreng' Sanichi to more than 0.10 , then I will definitely liquidate (sell) my shares to take profits. But for now, I am NOT worried, even the price drops to 0.04, because I know Sanichi is not going to disappear anytime soon. So no worry. 04/07/2021 6:40 PM Peace99 Sanichi hired an experienced manager for the glove venture, and plan to locate factory at pasir gudang. I think good choice as it's near port. With more variants, the covid will be around for a long time as it evolves into an endemic In fact, Singapore is planning it's defence along that endemic direction. Sanichi aiming to start production with 6 lines in Dec. Hopefully it will not have issues faced by TG with US, and able to pull it off to reward us as shareholders! 05/07/2021 12:15 AM Peace99 Nokchin I plan to wait for 6 months to see if ventilator get approval or not before selling any. 05/07/2021 12:18 AM nokchin Peace99, thanks for the update on Sanichi glove venture. My advice is: try NOT to sell at a loss. After you wait for another 6 months, and if the share price still does not go above your cost of 0.10, my advice is just for you to keep holding on to the shares, and NOT to sell at a loss. As I said above, I have no problem waiting for 1 year, 2 years, 3 years, 4 years, 5 years .... because I know Sanichi is not going to disappear anytime soon. So there is no need for worry. It is not wise, and there is no point, to sell at a loss. Just keep holding the shares until we can make profits. My cost is 0.095 , more or less the same as your cost of 0.10 05/07/2021 8:37 AM Reap88 On 1 July a substantial shareholder sold 20M. Still holding another 115M. Every possibility may still sell down further and cease to to be a substantial shareholder & exit Sanichi altogether. 05/07/2021 6:06 PM Reap88 On 11 June, this substantial shareholder have 214M shares. Started disposing on 23 June 13M, 25 June 63M, & 01 July 20M 05/07/2021 11:10 PM whistlebower99 Especially for newbies ================================================================== Loss making penny stock, year after year since 2017. https://www.klsescreener.com/v2/stocks/view/0133/sanichi-technology-berhad ================================================================= Directors good in fund raising by issuing shares and selling to market via ESOS and PP, increasing total issued shares to MULTI-BILLION shares and diluting your shareholding https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=AL%2CALCO&sub_type=&company=0133&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all ========================================================================= Ended up with share consolidation exercise of 10 shares to 1 share. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3126544 ========================================================================= Followed by yet another fund raising by offering rights issue with Free warrants to extract more money from shareholders. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3150673 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3158513 https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3161649 ====================================================================== Upon completion Multiple Proposal of share consolidation and rights issue with free warrant, the total issued share still exceed BILLION shares. Total Issued shares = 1,403,095,414 ======================================================================== Very likely directors will repeat the modus operandi to raise more fund by issuing more shares and selling to market via ESOS and Private Placement, diluting your shareholding and increasing the total issued shares to MULTI-BILLION shares again without bringing any business benefits to shareholders ========================================================================== Trade with caution. 06/07/2021 10:53 AM andytfyap Let me recap as my sour example to alert myself and others. Please do a study on how the big shark maintained and manipulated their share price at 0.07 starting May 2020, and then stagnant for few months and slowly pushed the share lower and lower. Then ikan bilis like me went and average down few time thinking that when it recover, I can quit without loss around 0.06. They kept pushing the share prices down till 0.03 and then used the " Consolidation" trick 10:1, at 0.03 level and so many other corporate exercises as below: etc. MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD ("SANICHI'' OR THE ''COMPANY'') (I) PROPOSED DIVERSIFICATION; (II) PROPOSED SHARE CONSOLIDATION; (III) PROPOSED RIGHTS ISSUE WITH WARRANTS; (IV) PROPOSED TERMINATION OF EXISTING ESOS; AND (V) PROPOSED NEW ESOS Let me do a simple calculation for loss:- 1. When share price dropped from 0.07 to 0.03, I lost 57% of my portfolio, 2. When the share was consolidated from 10 to 1, the share price was adjusted to 0.30 with 10 times lesser quantity and then they started to dump the share price all the way down to 0.10, again, I loss another round of 75%. 3. I then subscribed the right issue at 0.08 hoping to gain back something, but then after my shares were allotted, the share price was cornered at 0.75 level. This round without hesitation I sold all the shares and rights with a small loss of 10%, AGAIN. Should I not quit at level 0.075. I might have loss for another round of 46%. The reason why I managed to dump and cabut at 0.075 was that an investor guru told me this: "If a person has tricked you once, do you think he/she will not trick you again?" I also wondering why SC could simply approved all the above scheme as this is the loophole for big shark to slaughter the innocent who subscribed for the right for 0.08 and within less than a month, the subscribed price gone half? Let us learn our mistakes and dont buy penny stocks ANYMORE. As the SC never have strict rules to control these thus we minority ikan bilis are extremely vulnerable to the rampant schemes. Please be careful with our hard earned money and happy investing. 06/07/2021 12:00 PM whistlebower99 Especially for newbies Check company profile and lots of information here. https://www.klsescreener.com/v2/stocks/view/0133/sanichi-technology-berhad Besides ROE, EPS, Total issued shares, you can also check the total cash, total debt, debt/cash ratio, etc Financial results showing revenue and profit/loss for quarterly and annually Look at all announcements especially those involving multiple proposal, additional listing announcement... Zoom into the specific announcement for more details or access bursamalaysia website for more information. https://www.bursamalaysia.com/market_information/announcements/company_announcement#/?category=all Just 2 websites, you will be able to obtain useful information to make final decision to trade in any stock. Good luck. 06/07/2021 3:47 PM Reap88 The substantial shareholder who sold 20M on 1st July disposed another 10M on 2nd July . Still have 106M 06/07/2021 6:23 PM dem777 Another syndicated group. All the syndicates will rot in hell with their families & generations to come duping innocent newbies. Malaysia has no laws, they’ll act only after the syndicates have made a KILLING of which the regulators & politicians are hand in glove! 08/07/2021 3:09 PM telurgoreng Major shareholders have inside info, all disposing. Got people here collecting falling knives? 09/07/2021 10:46 AM NicmannNg major shareholders dispose maybe is good news, coz they give you cheap tickets, hehe 09/07/2021 12:54 PM NicmannNg normally those penny company is buy high sell low, thats why all big loss in their account, but their shareholders maybe self earn in the open market 09/07/2021 12:55 PM whistlebower99 @kfliau, it is unaudited financial statement. The accountant could have taken the consolidated total issued share which was exdate on 1/4/21. Refer to multiple proposal on share consolidation and rights issue with warrant. They should use the total issued share before consolidation to compute then the nta is 0.139. They like to cook figures in report to deceive unsuspecting retailers. 10/07/2021 10:42 AM whistlebower99 NTA is not 1.39, don't be deceived @kfliau @Peace99 ========================================================= https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3145613 MULTIPLE PROPOSALS SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") (I) SHARE CONSOLIDATION; AND (II) RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") SANICHI TECHNOLOGY BERHAD Type Announcement Subject MULTIPLE PROPOSALS Description SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") (I) SHARE CONSOLIDATION; AND (II) RIGHTS ISSUE WITH WARRANTS (COLLECTIVELY REFERRED TO AS THE "CORPORATE EXERCISES") (For consistency purposes, the abbreviations and definitions used throughout this announcement shall have the same meanings as those previously defined in the announcement dated 3 February 2021 in relation to the Corporate Exercises, where applicable, unless stated otherwise or defined herein.) We refer to the earlier announcements in relation to the Share Consolidation dated 3 February 2021, 19 February 2021, 22 March 2021 and 5 April 2021. On behalf of the Board, Mercury Securities wishes to announce that the Share Consolidation has been completed following the listing and quotation of 200,471,911 Consolidated Shares and 36,932,791 Consolidated Warrants E on the ACE Market of Bursa Securities with effect from 9.00 a.m. today. This announcement is dated 6 April 2021. ======================================================================= https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3160557 Announcement Info Company Name SANICHI TECHNOLOGY BERHAD Stock Name SANICHI Date Announced 06 Apr 2021 Category General Announcement for PLC Reference Number GA1-06042021-00055 SANICHI - RENOUNCEABLE RIGHTS ISSUE OF 1,202,623,503 NEW ORDINARY SHARES IN SANICHI ("SANICHI SHARES") ("RIGHTS SHARES") TOGETHER WITH 601,311,751 FREE DETACHABLE WARRANTS IN SANICHI ("WARRANTS F") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS F FOR EVERY 1 EXISTING SANICHI SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY ("RIGHTS ISSUE WITH WARRANTS") SANICHI TECHNOLOGY BERHAD Kindly be advised that Sanichi’s additional 1,202,623,503 new ordinary shares issued pursuant to the aforesaid Rights Issue with Warrants and 63,302,561 additional warrants 2018/2021 (“Warrants E”) issued arising from adjustments pursuant to the Rights Issue with Warrants will be granted listing and quotation with effect from 9.00 a.m., Friday, 28 May 2021. We are also pleased to advise that Sanichi’s 601,311,751 Warrants F issued pursuant to the Rights Issue with Warrants will be admitted to the Official List of the Exchange and the listing and quotation of the Warrants F on the ACE Market, will be granted with effect from 9.00 a.m., Friday, 28 May 2021. The Stock Short Name, Stock Number and ISIN Code of the Warrants F are “SANICHI-WF”, “0133WF” and “MYQ0133WFY58” respectively. Announcement Info Company Name SANICHI TECHNOLOGY BERHAD Stock Name SANICHI Date Announced 27 May 2021 Category Listing Circular Reference Number ILC-25052021-00025 ============================================================ Quarterly rpt on consolidated results for the financial period ended 31 Mar 2021 Total issued shares : As at 31/3/21 = 2,004,719,110 6/4/21 - 27/5/21 = 200,471,911 From 28/5/21 onward = 1,403,095,414 Now compute yourself the NTA for the QR of 31/3/21 ============================================================ TAYOR (If possible, better to avoid trading loss making penny stocks with huge Total Issued Shares) 10/07/2021 12:59 PM mikeann Stock seems grossly oversold. It having plunged from 0.35 to 0.04 within 7 weeks It has been consolidating at 0.04 for the past few weeks. Rebound is imminent. Immediate resistance is at 0.08 11/07/2021 10:43 PM telurgoreng if got opportunity, better grab cash while you can... otherwise you become long term "holder" of the company. Economy is getting worse and MCO doesnt have an end date now. Bursa will be in bear market until 2022. Even if we can resume after everybody gets vaccinated, most people have their savings wiped out.. so people need years to get job, save again and build cash reserve to invest. Fresh graduate lagi harder to find job and wont be able to invest anytime soon also. Hold cash to be safe la in my opinion 12/07/2021 9:18 AM whistlebower99 Especially for newbies trading in loss making penny stocks Trade cautiously and avoid being trapped for years, in loss making penny stocks that 1. has total issued shares exceeding 1 BILLION shares; some has MULTI-BILLIONS shares and can’t have a decent EPS 2. good only in massive fund raising by issuing shares and selling to market via ESOS, Private Placement (PP) and Rights Issue resulting in dilution of minority shareholding 3. specialized in creating MOUs that turns out to nothing in the end 4. specialized in churning out articles, reports and announcements of business ventures, JV, etc 5. incur losses quarter after quarter, year after year, sustained by cash from fund raising 6. speculate and trading in other loss making penny stocks at high price 7. has undergone share consolidation and rights issue with free warrants to raise more fund from minority shareholders Common modus operandi of loss making penny stocks is to have frequent fund raising exercise by issuing shares and selling to market via ESOS and PP, enlarging the total issue shares to BILLIONS and diluting minority shareholding. When the issued shares become Multi- BILLION, and it is no more viable to raise cash by issuing shares through ESOS and PP, the directors will undertake Share Consolidation followed by offering rights issue with free warrants to extract more money from shareholders causing massive losses to minority shareholders. The company fund raised from such activities are normally used to sustain yearly losses, business projects, assets acquisition, investment in other listed companies, etc Beware of frequent announcements of MOUs and projects utilizing company fund, which is to create excitement and attract attention of unsuspecting retailers especially newbies to trade in the stock. Some of these companies also use company funds to invest and speculate on other loss making penny stocks. And most of the time, ended up with huge losses. ================= List of loss making penny stocks: ANZO, AT, BORNOIL, COMPUGT, DAYA, DGB, DIGISTAR, DOLPHIN, EAH, EDUSPEC, FINTEC, FOCUS, GOCEAN, HUBLINE, ICON, IMPIANA, JOE, KANGER, KGROUP, LAMBO, M3TECH, MACPIE, MMAG, MINDA, MLAB, MNC, MTOUCHE, MTRONIC, NETX, NEXGRAM, OVERSEA, PASUKGB, PDZ, PERDANA, PERMAJU, PHB, PNEPCB, PUC, PWORTH, SANICHI, SAUDEE, SCOMI, SINARAN, TALAMT, TANCO, TAWIN, TIGER, TRIVE, VC, VINVEST (VIVOCOM), VIZIONE, VSOLAR, WIDAD, XDL, XOX ================ Stocks that have undertaken Share Consolidation exercise and/or rights issue with free warrants: - VC, SANICHI, MTOUCHE, PASUKGB, LAMBO, PDZ - TRIVE, DGB, MLAB, VINVEST (VIVOCOM), NETX, EDUSPEC, PUC - SCOMI, ICON, IMPIANA, MTRONIC, VIZIONE, TIGER, KGROUP - MMAG, HUBLINE, ================ Klse screener app (desktop version is more comprehensive) can be used to view company information, financial reports, price chart, news etc Also check on the number of warrants and the total units of each warrant https://www.klsescreener.com/v2/stocks/view/0170/kanger-international-berhad https://www.klsescreener.com/v2/financial-reports ================= Bursa malaysia website offers access to all company announcements. Look back at past company activities under category of Multiple Proposal, Additional Listing, Financial reports, Memorandum of Understanding, etc https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=&sub_type=&company=0170&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=&cat=AL%2CALCO&sub_type=&company=0170&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all https://www.bursamalaysia.com/market_information/announcements/company_announcement?keyword=multiple+&cat=&sub_type=&company=0170&mkt=&alph=&sec=&subsec=&dt_ht=&dt_lt=#/?category=all ================ Trade view is free to use for charting https://www.tradingview.com/ https://www.tradingview.com/chart/XzSinm5l/ ================ Special Report: Hidden hands behind penny stock surge https://www.theedgemarkets.com/article/special-report-hidden-hands-behind-penny-stock-surge Special Report: Share Issuances the new get-rich-quick scheme in town https://www.theedgemarkets.com/article/special-report-share-issuances-new-getrichquick-scheme-town Special Report: Hidden hands behind penny stock surge under scrutiny https://www.klsescreener.com/v2/news/view/818927 Sussing out potential pump-and-dump schemes on the stock market https://www.klsescreener.com/v2/news/view/817723/sussing-out-potential-pump-and-dump-schemes-on-the-stock-market =================== https://klse.i3investor.com/blogs/kennethvuncarolvun/2021-04-05-story-h1563182432-Kenneth_Vun_s_Money_Game_of_Bursa_Malaysia_Probed_Shield_SANSTON_FINANC.jsp Refer FB “Goreng Tipu Bursa Klse” for more stories 14/07/2021 11:40 AM Hai Hai Mahu bemahu beli itu bsl pulak.tapi tak dak naik.. Pelabur sudah tak percaya ini orang..hahaha 15/07/2021 8:42 AM whistlebower99 For newbies ================== https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3141135 CONSOLIDATION OF EVERY 10 EXISTING ORDINARY SHARES IN SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ("SANICHI SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 5 APRIL 2021 INTO 1 SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") On behalf of the Board, Mercury Securities wishes to announce that Sanichi’s existing number of 2,004,734,063 Shares will be consolidated into 200,471,911 Consolidated Shares after 5.00 p.m. today (after disregarding the fractional entitlements arising from the Share Consolidation) pursuant to the Share Consolidation. Consequently, pursuant to the provisions of the Deed Poll E, the existing number of 369,329,241 Warrants E will be adjusted into 36,932,791 Consolidated Warrants E (after disregarding the fractional entitlements arising from the adjustment to the number of Warrants E). The Consolidated Shares and Consolidated Warrants E will be listed and quoted on the ACE Market of Bursa Securities with effect from 9.00 a.m. on 6 April 2021. Price per consolidated share = 25 sen ================= https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3147012 RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,424,428,212 NEW ORDINARY SHARES IN SANICHI TECHNOLOGY BERHAD ("SANICHI" OR THE "COMPANY") ("SANICHI SHARES" OR "SHARES") ("RIGHTS SHARES") AT AN ISSUE PRICE OF RM0.08 PER RIGHTS SHARE TOGETHER WITH UP TO 712,214,106 FREE DETACHABLE WARRANTS IN SANICHI ("WARRANTS F") ON THE BASIS OF 6 RIGHTS SHARES TOGETHER WITH 3 FREE WARRANTS F FOR EVERY 1 EXISTING SHARE HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AT 5.00 P.M. ON 23 APRIL 2021 ("RIGHTS ISSUE WITH WARRANTS") ==================== Let say a retailer bought 2000 consolidated shares @0.25 Cost of 2000 existing shares (consolidated) = 2000 X 0.25 = RM500 2000 existing shares entitled for 12000 rights shares with 6000 free warrant F Cost of rights shares = (6000 X 2) X 0.08 = RM960 [ Cost per share = (500 + 960) / (2000 + 12000) = 10.43 sen ] Cost of 14000 shares = 500 + 960 = RM1460 Market price on 16/7/21 = 0.035, warrant F price = 0.015 Total market value = (14000 X 0.035) + (6000 X 0.015) = RM580 Loss = 1460 - 580 = RM880 LOSS per share = 880/14000 = 6.28 sen ======================= Trade with care, not be greedy and get stuck for years 18/07/2021 10:31 AM whistlebower99 For newbies LAMBO - Notice of Book Closure LAMBO GROUP BERHAD CONSOLIDATION OF EVERY 25 EXISTING ORDINARY SHARES IN LAMBO GROUP BERHAD ("LAMBO" OR THE "COMPANY") ("LAMBO SHARES" OR "SHARES") HELD AT 5.00 P.M. ON 26 JULY 2021 INTO 1 LAMBO SHARE ("CONSOLIDATED SHARE") ("SHARE CONSOLIDATION") Further to Reference No. ILC-12072021-00012, kindly be advised of the following:- 1) The above Company's securities will be traded and quoted "Ex - Consolidation” as from: 23 Jul 2021 (Remain Unchanged) 2) The last date of lodgment : 26 Jul 2021 (Remain Unchanged) Will LAMBO be another SANICHI ??? Refer SANICHI OR PASUKGB MULTIPLE PROPOSAL AND SHARE PRICE MOVEMENT FOR AN INDICATION. =================================== Trade with care, or get stuck for years ! https://klse.i3investor.com/servlets/cube/blog/whistlebower99.jsp 22/07/2021 12:43 PM 22/07/2021 2:26 PM cheahgood my friend in klse told this sanichi share will up to 0.060 next week. reliable info 22/07/2021 4:44 PM Matrixqc If can Sanichi can update on joint-venture ventilators production, if true, will sure go up super fast. 23/07/2021 11:54 AM whistlebower99 For newbies Today another stock LAMBO consolidated from 25 to 1 Reference price 25sen. Trading range 26 - 34 Warrant B reference price 12.5. Trading range 8-12.5 Going down same road as Sanichi and Pasukgb for under-subscription by retailers 23/07/2021 4:31 PM Peace99 Whistlebower99, thanks...but if nta=.139, still high compare to 0.035 or 0.04 28/07/2021 11:13 PM  | |
