Highlights
KLSE: SBCCORP (5207)       SBC CORP BHD MAIN : Property
Last Price Today's Change   Day's Range   Trading Volume
0.395   -0.005 (1.25%)  0.365 - 0.42  57,600
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Overview

Market Cap: 102 Million
NOSH: 258 Million
Avg Volume (4 weeks):34,589
4 Weeks Range:0.36 - 0.47
4 Weeks Price Volatility (%):
31.82%
52 Weeks Range:0.36 - 0.53
52 Weeks Price Volatility (%):
20.59%
Average Price Target: 1.76
Price Target Upside/Downside: +1.365

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#1]  |  28-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  27-Nov-2019
T4Q P/E | EY: 7.00  |  14.29%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 1.5788  |  0.25
T4Q NP Margin | ROE: 8.53%  |  3.58%

Headlines

Date Subject
24-Mar-2019 (Forecast) HUAYANG (5062), SBCCORP (5207), SMI (4375),IVORY (5175) Back to Best NTA/Share Price

Business Background

SBC Corp Bhd is an investment holding company, which engages in the construction and development of properties, and the provision of management and administrative services to its subsidiaries. It operates through the following segments: Construction, Property Development, and Investment. The Construction segment deals with earthworks and building contracts. The Property Development segment which contributes majorly towards firm’s revenue focuses on the development of commercial and residential properties. The Investment segment involves in investment activities and provision of management and administrative services. The firm operates predominantly in Malaysia.
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  9 people like this.
 
Lost In Bursa Anyone know how long are we going to wait for the jesselton? Since 2014 until now already 2 years! Need to wait another 2 years perhaps?
10/08/2016 6:00 PM
SJSOON White elephant.
13/09/2016 3:35 PM
crossroad Finally the Jeselton Quay project has some progress... http://www.bursamalaysia.com/market/listed-companies/company-announcements/5212805
23/09/2016 6:24 PM
Woody Waited for this piece of good news till like gifraff neck.. :-(
26/09/2016 9:47 AM
crossroad Good news but at wrong timing.... property market no eye see
26/09/2016 11:51 AM
clp72 no news complain, got good news also complain... how la...
26/09/2016 5:52 PM
wongchowsang later few days will drop back, now need money so goreng a bit attract people go in.
26/09/2016 5:54 PM
Novice168 good news soon?
06/10/2016 11:57 AM
pclim http://www.jesseltonquay.com.my/
Looks promising, even if it is half as good as SG marina bay it will thrive
After all it's the rich retirees' favorite place
21/10/2016 9:01 AM
KiaSu When did they start piling for Jeselton Quay project?
30/11/2016 10:50 PM
red_85 at btm already, i also start accumulating some and wait for JQ project good news keep coming in...accumulation stage, just hold for next 3 year sure will bear fruits
01/12/2016 1:34 AM
GF888 www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5207
18/01/2017 11:41 AM
GF888 http://www.malaysiastock.biz/Company-Announcement.aspx?id=922798
18/01/2017 11:41 AM
Alan Mu what happen to sbccorp today?fly so much
22/05/2017 1:04 PM
chankp7010 SBC is on the way up as the strata title for JQ project is now ongoing. in 2-4 quarters times, you will be see better result
23/05/2017 7:29 AM
Stead The project fully taken up within 5 hours. The Management mispriced the first property launch in JQ project. Come 2nd property launch, they must increase at least 15%. Come 2st Q, we shall be able to see good progress billing coming in STRONGLY
23/05/2017 11:01 PM
chankp7010 May I ask Stead, Is it true or not! Within 5 hours of launch, the first JQ project was fully sold?
24/05/2017 7:39 AM
chankp7010 Thank you weng77, you really have done your home work well. This is time to buy SBC and hold it for 2-3 years in order to reap better profit. Do you think so?
24/05/2017 11:49 AM
Jeffreyteck Net loss for the quarter
25/05/2017 5:16 AM
Stead @chankp7010. Please do u home work and find out if what others said was true or false. There is no easy way out for stock picking.
25/05/2017 6:13 PM
Nancy Boon Shall I sell ? can somebodys just advise me on it ? I already keep 3 years and still seeing nothing. sigh...
06/06/2017 11:39 AM
Jeffreyteck Attend the AGM in Sep, fire BOD n management, significant dropped in revenue n turn to loss yet asking for fees. Ask them what are the KPIs for CEO who got so much salary n bonus even though company performed badly n BOD KPIs too. Bonus paid to top 2 increased by app 150% from previous year. KPI for bonus is when revenue, net profit down and zero dividend, bonus up 150%. Minority sucked again.
06/08/2017 1:33 PM
clp72 @Jefferyteck, what was their answer to your questions?
11/09/2017 11:27 AM
Jeffreyteck AGM on 27 Sep. Hopefully can make it. Don't expect acceptable answer as most likely ....will response that they need to retain tallent.... Afterall majority shareholders ma.
18/09/2017 12:23 PM
clp72 @Jeffreyteck, well at least someone ask the question and they will have to answer this in a public domain
09/10/2017 5:03 PM
Jeffreyteck As a listed company, one quarter only 2 million ringgit revenue don't talk about the loss making situation, obviously is sucking others money with higher pay yet failed to deliver. Poor regulatory regime will only see management and BOD continue to earn more despite non performing.
03/12/2017 10:16 PM
abu buy
04/01/2018 4:59 PM
chankp7010 It is unthinkable for publicly listed company to record only 2 millions revenues. Many privately owned "Sdn Bhd" could report better than 2 millions revenues. In spite of bad times, directors did not practise self-sacrificing love along with minority shareholders who suffered so much in terms of share price reduction and absence of dividends. Directors still proposed and approved 150% fees increment. Is there any justification? Any rationale to do so? What kind of KPI and transparency practised by Board of Directors of SBC Corporation!!
09/01/2018 11:46 AM
LAC8188 what a shame..
09/01/2018 6:46 PM
LAC8188 if i am the director. i will -150% of my salary..
09/01/2018 6:49 PM
chankp7010 LAC8188, kindly send this message to the Board during AGM.
10/01/2018 11:39 AM
Alan Mu This is really a bad company...price keep dropping...before huge drop, sure got big up to trap investors....no credibility....
19/01/2018 1:37 PM
tklim Floor Price 0.21....Good Luck
30/05/2018 12:21 PM
Stead How to derive floor price of 0.21?
01/06/2018 3:33 PM
Jeffreyteck IB used to set TP above 3 long time ago, but looks like 0.3 is the reality.
06/07/2018 8:40 AM
L2earn https://9shares.my/从李深静到陈华春-一众名人为何挤进小小建筑公司3/

从李深静到陈华春 一众名人
为何挤进小小建筑公司30大股东名单内?
15/09/2018
这家市值仅有1亿1600万令吉的老牌上市公司,最近挤进几个企业猛人的名字,小小平台似乎显得太拥挤了。

身家百亿令吉的丹斯里李深静,在八月廿七日成为持股5%的大股东之一。

神秘大亨CA SIO KING丹斯里陈华春的名字也被牵在一起,他的公子陈汉川及女儿陈菁菁,也成为这家小资本公司三十大股东之一,分别持股4.35%和3.69%。

甜甜圈快餐连锁集团DUNKIN DONUT董事经理游国安也持股0.85%。

珠宝商HABIB集团创办人拿督HABIB大公子MEER HABIB则持股0.54%股权。

以上这些名字都是企业界掷地有声的人物,为什麽会同时成为小型建筑及产业发展商公司谢氏机构(SBCCORP 5207)的大股东呢?

《九点股票》编辑室也觉得非常有趣,因此在星期六整理有关信息,和会员朋友一起解读,为什麽连"大咖"李深静和陈华春都有对这家业绩不太理想的上市公司有兴趣,让我们一起了解多一点。
15/09/2018 6:34 PM
Alan Mu Ioi become major shareholder go sbccorp...tuesday fly liao...not need worry too much
16/09/2018 10:59 AM
sportstoto fly liao
16/09/2018 4:38 PM
Armada An Quantum Leap Stock In 2019/2020 When SCB start became thise Richie collection ?
16/09/2018 5:19 PM
Jasper Coo Well done, the profit can let me to buy more food.
18/09/2018 11:12 AM
Win1388 从李深静到陈华春 一众名人
为何挤进小小建筑公司30大股东名单内?

15/09/2018


这家市值仅有1亿1600万令吉的老牌上市公司,最近挤进几个企业猛人的名字,小小平台似乎显得太拥挤了。

身家百亿令吉的丹斯里李深静,在八月廿七日成为持股5%的大股东之一。

神秘大亨CA SIO KING丹斯里陈华春的名字也被牵在一起,他的公子陈汉川及女儿陈菁菁,也成为这家小资本公司三十大股东之一,分别持股4.35%和3.69%。

甜甜圈快餐连锁集团DUNKIN DONUT董事经理游国安也持股0.85%。

珠宝商HABIB集团创办人拿督HABIB大公子MEER HABIB则持股0.54%股权。

以上这些名字都是企业界掷地有声的人物,为什麽会同时成为小型建筑及产业发展商公司谢氏机构(SBCCORP 5207)的大股东呢?

《九点股票》编辑室也觉得非常有趣,因此在星期六整理有关信息,和会员朋友一起解读,为什麽连"大咖"李深静和陈华春都有对这家业绩不太理想的上市公司有兴趣,让我们一起了解多一点。


丹斯里李深静是在六月十二日第一次出手,通过私人投资工具MORISEM於公开市场买进49,000股谢氏机构SBCCORP股票。

之後MORISEM数度加码,截至八月廿七日,MORISEM已持有1174万股或 5%谢氏机构股票,成为第二大股东。

谢氏机构最大股东仍是创办人家族谢家,董事经理兼CEO谢忠兴和弟弟执行董事谢忠良合持有32%。


市场感到兴趣的是,李深静,陈华春,游国安和MEER等人,是基於什麽理由看中谢氏机构?


陳華春

要知道,谢氏机构过去四年业绩是每况愈下,二零一四年净利为3330万令吉,二零一五年跌至1770万令吉,二零一六年则跌至1340万令吉。

二零一七年它更转盈为亏,蒙受304万令吉净亏损。

二零一八财政年它转亏为盈,录得210万令吉净利。

谢氏机构是老牌建筑商,它由谢贵茂创办,现在由第二代人打理,它在吉隆坡有两项发展计划,是DEX KIARA EAST公寓和吉隆坡怡保路的CANTONMENT EXCHANGE,目前已完工交货。

它在沙巴亚庇的爵士顿码头(JESSELTON QUAY)则一直拖延,计划迟迟不能落实。

对於这样一家公司,为什麽李深静为买进呢?IOI集团受询时表示,MORISEM是IOI集团属下的投资臂膀,投资的都不是核心业务。

「MORISEM早在二零一四年就有买进SBCCORP的股票,仅作为投资用途。」

SBCCORP一名小股东就认为,李深静等一众名人突然成为三十大股东之一,必然是看到背後的一些事实。

「我相信他们看到一些价值,所以才会进股,希望我看到的价值是和他们看到的一样。」

特别是陈华春,他一对子女持股已超过5%,但是两人分开持股,避开5%条例,买卖不必向交易所呈报,想必陈华春是意有所图。

陈华春在二零零九年时曾出其不意收购吴万发控股(GHB),他是一个行事低调,但动作快速的企业家,他会不会突然成为谢氏机构的控制人呢?

陈华春手上控制的小资本上市公司包括了马可控股(MARCO 3514),嘉沙基达(JASKITA 8648),飞达电线(FCW 2755),GPA控股(GPA 7096),电脑纸(CFM 8044)和JKG置地(JKGLAND 6769 )。

在二零一四年至一五年期间,卖出3家上市公司,即爱美家(MAICA)賣给发展商戴良业,目前改名为征阳产业(SUNSURIA),大众控股(PDZ)则卖给玛拉投资机构,吳萬發控股(GBH)賣給新山酒店大亨丹斯里陳英文,現改名為百麗環球(PGLOBE 3611)。

谢氏机构会引起多名闻人的兴趣,相信和它在沙巴联营的爵士顿码头计划有关,它和另一上市公司曙光资本(SURIA 6521)联营16.25英亩土地,该计划发展总值为18亿令吉。

由於地契分割问题,这项计划一直拖延,直到二零一六年九月,地契分割完成,计划重新启动,谢氏机构未来盈利将靠这项计划贡献。

但是市值仅有1亿1600万令吉的谢氏机构,要发展18亿令吉计划,会否需要引进更多有力资金呢?

爵士顿码头(JESSELTON QUAY)被视为是可吸引更多买家的大型计划,其面海地理位置是大卖点。

从李深静到陈华春等人,是不是为了这块肥肉而来呢?RM0.495的谢氏机构,未来股价会不会因为这批名人而有更好表现呢?一切还有待证明,让我们拭目以待。
18/09/2018 11:55 AM
Stead Floor price 0.21.... in share market, anything is possible... better keep one mouth shut....
01/10/2018 11:17 PM
JCAA168 12 Oct : Sparkle Our Wealth

After announcement of new substantial shareholder dated 7 September 2018
Volume have been building up..................

From 8 September to now 155m totalling 27% of paid up shares have been changed hand,
it is believable that proxy fight will be happen to remove the board of directors.

Dato are very worry and have been aggressively buying Tiger at 10 cents from ACP as he is fully aware change will happen.

New shareholders will appear in the coming shareholders list in 2018 annual report to be release on 1 NOVENBER, ......

Proxy fight is the method to takeover a company by the way of buying more than 10% shares, hold EGM and convinces shareholders to vote out the current board and replace the approving board. However although it is popular in UK, USA, but never happen here.

A lot of good analyst like CALVIN TAN, LOGIC TRADING ANALYSIS, TAN K W, EQUITY DAIRY,CP TEH etc etc should team up their followers, instead of waiting and waiting and waiting the current board to declare, to change, to hope something benefit to the minority shareholders, they should do a step ahead by accumulate the proxy enough to pressure and even to remove the board to realign their business.

Please bear in mind a lot of listed company in BURSA, the controlling stake are very loose like 11% control in Tiger currently.
12/10/2018 4:15 PM
Stead It is rubbish for Director to place out 10% share at 0.46 and raised a meagre sum of 11 mil....
05/12/2018 2:20 PM
Stead Utterly rubbish! Despite of recording two consecutive of much improved profits, the share price is over hanged with the 10% private placement placed at 0.46 piece back in December. The placee must be very frustrated.
01/04/2019 11:15 AM
Stead Served them right!
01/04/2019 11:17 AM
Teo Cher Ming Mini 1sen dividend
03/07/2019 8:03 PM
Tipster Pathetic nyeeee....
04/07/2019 6:18 PM
Jeffreyteck Loss making, price drop. Profit making, price also drop. The only thing for sure are management and bod assets increase. That's is the norm. Est coming few quarters results will drop yoy as the past few quarters results were too good.
25/09/2019 11:18 AM
Jeffreyteck TP 30.
26/09/2019 8:54 AM


 

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