Highlights
KLSE: SANICHI (0133)       SANICHI TECHNOLOGY BHD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.06   -0.005 (7.69%)  0.06 - 0.06  510,000
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Overview

Market Cap: 67 Million
NOSH: 1,110 Million
Avg Volume (4 weeks):4,085,906
4 Weeks Range:0.055 - 0.065
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:0.055 - 0.18
52 Weeks Price Volatility (%):
4.00%
Average Price Target:-

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  08-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  28-Feb-2019
T4Q P/E | EY: -2.63  |  -38.06%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.1656  |  0.36
T4Q NP Margin | ROE: -67.85%  |  -13.79%

Headlines

Date Subject
17-Dec-2018 Mplus Market Pulse - 17 Dec 2018
13-Dec-2018 Evening Market Summary - 13 Dec 2018
12-Dec-2018 PublicInvest Research Headlines - 12 Dec 2018
11-Dec-2018 Sanichi aims to secure order book of RM500m via F&B venture
10-Dec-2018 Evening Market Summary - 10 Dec 2018
28-Nov-2018 升利吉OR可否买进?
28-Nov-2018 Technical Sell - SANICHI (0133)
24-Nov-2018 [转贴] [Facebook live:浅谈Sanichi Technology bhd (Sanichi)] - James的股票投资James Share Investing
22-Nov-2018 Evening Market Summary - 22 Nov 2018
16-Oct-2018 Daily technical highlights – (GAMUDA, SANICHI)
25-Jun-2018 升利吉是否严重低估?
11-Apr-2018 Mplus Market Pulse - 11 Apr 2018
09-Apr-2018 Mplus Market Pulse - 9 Apr 2018
23-Mar-2018 PublicInvest Research Headlines - 23 Mar 2018

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.
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  24 people like this.
 
AlfI3 apolloang, I fully agreed w u, Juz wonder y SC nvr tik any actions against dem ah? How to make SC watchdogs to start actions ya? "we no need this kinda director in new msia,why no go to jail yet for stock manipulation?
24/12/2018 11:55
AlfI3 Same pattern repeating n repeating of rights isu-share consolidatn; whilst SC got no actions to ban this type of manipulation...! What a shame, those directors sitting down dere to pocket in investor monies; whilst having great funs to eat popcons....Really a conman stock
26/12/2018 21:43
trade88 What investors can do is try to inform everyone of this con stock in social media. Try to avoid this stock and never subscribe to theIR right issues.
28/12/2018 12:23
VLVL Fake pump and dump...
28/12/2018 18:57
trade88 This fuxxxg con stock everyday also huge volume.Tnmkch,hkc...
31/12/2018 14:12
trade88 Why thisvkind of stock can be listed in bursa Malaysia. Listed in Vietnam stock exchangevis more proper fo4 this rubbish
31/12/2018 14:14
VLVL Yes... Pls dump n. Go others
31/12/2018 17:19
AlfI3 Seemed got a bit of volume to support & accumulating momentum to lift to greater height soon once news is to b announced soon
02/01/2019 19:38
trade88 Ccb..after con people money.go buy new building..remember this rubbish...sanichi...
03/01/2019 17:38
VLVL Lol.. What s wrong with buying new building?
03/01/2019 17:55
fl888 is MARA a shareholder ?,then can be like INIX ?
04/01/2019 09:20
newbie5354_ Talk 3 talk 4 why nobody talk Bangsar South property buy? Is it good for Sanichi? Sorry newbie here seek sifus advise.
05/01/2019 16:46
James113 it will goes up to 0.50c inline with market recovery later . l bought 1000lots @ 0.06c . Keep , Wait & be patience . Sure win .
06/01/2019 18:32
fl888 Today can hit 7 cts.?
07/01/2019 07:02
richman sanichi-we good buy at 2 cts recently listed and highest so far 2.5cts on 20/12/18 when sanchi was trading between 6-6.5cts.if it breaks 7should trade 3 cts and above
08/01/2019 11:13
richman listed on 20/12 and expiry dec 2012 ex price 10cts sanichi are known to goring rocket high their shares so their warrant-we should be rocket high too
08/01/2019 11:15
richman confident will play 6.5cts today.all this while buy and sell 6cts.if it breaks 6.5cts next stop should be 8-9cts
08/01/2019 11:18
richman looking at it is trading play it has to move higher very soon
08/01/2019 11:19
richman then kena UMA hahaha
08/01/2019 11:20
richman never liked this sanichi but if can make some $$$ why not
08/01/2019 11:21
richman since 20/12 they having been playing 6cts so it is about time to push UPPP
08/01/2019 11:24
richman go for WE likely to give you handsome gains
08/01/2019 11:24
fosther Post removed. Why?
08/01/2019 13:01
fl888 Just imagine 6.5 cents, the crooked Pang cannot afford to buy....
08/01/2019 16:19
prince4 我讲的时候14 sen没人要听,在高价还sailang sailang买...现在.烧死了.....
08/01/2019 16:32
AsiaEquityResearch Post removed. Why?
08/01/2019 16:32
richman Will sure up this week
08/01/2019 18:55
prince4 richman 牛市来了,别让费时间在sanichi, 快去买其他被低估的股票不然你会错过新年红包!
09/01/2019 15:21
fl888 Why need to borrow RM36 million to buy the new office ....?
09/01/2019 16:22
richman rights was 10 cts with free warrants so really need to push to make from mum and warrants
10/01/2019 16:29
richman everyday buy and sell 6cts
11/01/2019 12:25
richman breakout lah
11/01/2019 12:26
fl888 Buying a property worth RM40 million for RM46 million and getting a friendly valuer to substantiate higher market value might be the new game by Pang.....be careful
14/01/2019 20:49
AlfI3 Another dirty tactic to con ppl hard earned $. Whist d transacted ppty can giv comision or kick back to this grp of syndicate tat link to close this ppty deal. Dey pocket in this rebate, whilst d minority juz able to watch but speechless
16/01/2019 10:09
BILLC So millions of rights issue money will go into pockets of Pang sai n the gangs again,,,??
Bursa n Sc makan gaji buta ka,,,,,
16/01/2019 17:34
WSP88 JAKS up 40% year-to-date,

your SANICHi still
16/01/2019 18:07
commonsense The company recently proposed to acquire a 12-storey office building in Bangsar South for RM48mil which translate to a price of RM850/sq ft. This is actually lower than some of the other newer office building in that area (mostly price at above RM1,000/sq ft). That being said, the reasoning for the acquisition is a bit weak in my opinion (does not create much value for shareholders). These are the reasons listed by the management:

1) Branding
2) To mark Sanichi’s footprint cross Malaysia
3) To establish an international standard sales and admin office in KL (precision mould and property division)
4) Rental income from existing tenants (not sure how much. No details were given)

I think the company should use the money raised from the 2 right issues (in 2016 & more recently in 2018 for combined total proceeds of around RM160mil) more wisely and maybe focus more on the development of their property projects. If they really wanted the prestige of the Bangsar South location, they can actually do this by just renting an office space (especially given the abundance supply at the moment, the rental would actually be a lot cheaper). Just because you move your office at Bangsar does not make your products more appealing to potential customers.

During the 2018 right issue exercise, management did indicate that a big portion of the proceeds (up to RM84mil) was to be used for property development activities but it was more on a basis of Sanichi developing a new property development project (buy land then develop) which normally provide higher profit margins (if the take up rate is high). There was no mentioned of using the right issue to buy an office building. It is still ok if the rental received from the building is high enough to compensate the purchase price of RM48mil. But from the announcement, it seems like the purchase is mainly for Sanichi’s new office used which is not good since it does not add much value to shareholders (spending money you don’t actually have).

After 2 right issues exercises, shareholders would have hope that the money raised would be spent in projects that can actually deliver good returns to them.

Since the right issue in 2016, the company has yet to be able to show any full year profit to its shareholders (Jan to Dec 2017 record a loss of RM18.1mil and 9m18 result is still a loss of RM9.5mil). Thinking that FY19 would be any different might be a bit of a wishful thinking on the part of some investors.

If you are looking to diversify your portfolio outside of Sanichi (due to its earnings uncertainties and business strategies) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
20/01/2019 09:11
SANICHI ..... wait until the expiry of -WC and -WD.
23/01/2019 23:42
AlfI3 When wud b its WC & WD expiry dates? Long way to go leh......
24/01/2019 07:43
richman actively traded now at 6cts .Is it time to break 6.5
24/01/2019 10:10
richman maybe syndicate buy to goreng
24/01/2019 10:11
djibaok come... come and donate your money to sanichi heh heh heh
24/01/2019 15:05
AlfI3 Indeed, it looked actively traded during d passed 2 weeks.Is xpected to trade higher volume prior to cny, so tat provide some opportunity to break 0.008.
25/01/2019 06:54
Warrant Consolidation again ? Oh no LENO got trapped
25/01/2019 20:37
richman this is ripe to move up
12/02/2019 14:50
AlfI3 Hold steadily to excell further up up up. Volume oso juztified
14/02/2019 16:55
14/02/2019 17:57
AlfI3 Coming soon steadily to recover its grnd lost earlier during d rights issue
15/02/2019 06:35
sampah RUNNNNNNNN!!!!!!!!!!!!!!!
15/02/2019 19:41
AlfI3 Look like got strong support for it at 0.06. If penggorengs come it a little bit, v may xpect it cud b lifted up very easily
18/02/2019 07:18


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