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Overview
Financial Highlight
Headlines
Business Background SYF Resources Bhd is an investment holding company. It specializes in the production of dining furniture, bedroom furniture, kiln dry sawn timber and lamination board, among others. The company's segments include Rubberwood furniture, Boards, Property development and construction, and Others. The Rubberwood furniture segment is engaged in manufacturing and trading of rubberwood furniture and component parts. The Boards segment is engaged in manufacturing and trading of particle board and medium-density fiberboard. The Property development and construction segment include property development and construction. The Others segment includes investment holding and others. Its geographical segments include Malaysia, Asia Pacific and other Asian countries, Europe and North America.
  Sinopsis If wa drop to 0.03 then goodbye. If 0.035 can hold then should rebound to 0.05 06/09/2018 9:49 PM ks_lim coming QR should be positive,,right?,,rm 56 million profit fr disposal of great platform haven't been declared yet,,,any sifu can give comment 07/09/2018 12:27 PM ks_lim why nobody can give comment?all the sifus here are too selfish!!don't want to share info,,i m a newbie,,kasihanlah,,,kongsi sikit sikit!!! 10/09/2018 2:45 PM  azmuzick @ks_lim buy on rumors sell on news. try average down the price.. Huh need more money. 12/09/2018 7:41 PM pakabu Quarter report @ 27 Jun 2018 (Net Profit RM -10,313 K) , Quarter report @ 26 Sep 2018 (Net Profit RM -5,081 K). Hopefully next quarter positive profit & share price will increase. :-) 27/09/2018 9:29 AM azmuzick Qr future prospect In the property market, conditions remain depressed and with no imminent signs of an upturn, the Group has refrained from acquiring land bank or new projects. While this would inevitably impact on future Group results with the imminent completion of our existing projects, there is no other seemingly viable alternative unless conditions change favourably. As such, the remaining unutilised proceeds of RM15.0m from the disposal of Great Platform that are earmarked for land bank acquisition is proposed to be used to further reduce the borrowings of the Group. This change in utilisation would need the approval of shareholders at an extraordinary meeting to be duly convened. 27/09/2018 8:59 PM azmuzick With the exit from the particleboard/medium density fibreboard industry, the Group will now focus on rationalisation and downsizing of the furniture manufacturing segment to meet the challenges ahead. This will include streamlining manufacturing facilities to achieve cost savings and improve efficiency. At the same time, the Group intends to pare down borrowings for interest savings and to build up liquid resources to take advantage of any future opportunities that mayarise. 27/09/2018 9:02 PM bleuerouge so long and still the same price level 22-24c, no vol. no action. status quo. 08/11/2018 11:04 PM bleuerouge waiting at 23c for re-entry, syf should benefit from steadily increasing usd/myr. 25/11/2018 8:03 AM commonsense 1Q19 result is the 4th consecutive losses by SYF Resources dragged mainly by its furniture business (property segment however only makes a small profit of RM260k). This under performance was mainly due to the shortage of foreign labours which had affected the company’s ability to run its furniture production at an optimum rate. Given that foreign labour issue will only get worst in the future (government want to limit the numbers of cheap foreign labour), the furniture business is expected to continue to record losses for the rest of the year so investors need to be prepared for another full year loss for FY19. If you are looking to hedge your portfolio outside of SYF Resources (due to its weak earnings outlook), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV. FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well). MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x. Good luck. 08/03/2019 3:40 PM kakakemas https://www.theedgemarkets.com/article/syf-cease-bedroom-furniture-business 05/04/2019 10:49 PM sengkee https://www.nst.com.my/news/2015/09/thong-plans-boost-stake-syf Thong plans to boost stake in SYF June 21, 2014 @ 12:05am KUALA LUMPUR: Seasoned property developer Datuk Thong Kok Khee plans to boost his stake in SYF Resources Bhd as part of a wider plan to shore up his property and construction portfolio. Business Times was told that Thong had briefed Datuk Ng Ah Chai, the owner of SYF, on the matter. Thong currently owns 10 per cent of SYF, while Ng has a 60.7 per cent stake. Around 12 per cent is held by Datuk Chee Hong Leong. Under the plan, Ng will pare down his stake by selling some shares to Thong. It is understood that M&A Securities Sdn Bhd, which is owned by Thong’s Insas Bhd, will help in placing out some shares to institutional funds. Filings to Bursa Malaysia show that some nine million SYF shares were placed out to institutions yesterday, at RM1.16 a share, via an off market deal. “What Thong is proposing is a way for SYF to comply with shareholding spread required by the regulator and a clear role for the company in the Malaysian property landscape,” said a banker at M&A Securities. M&A Securities is advising Thong on the structure of the deal and it involves buying a chunk of Ng’s stake and some from the open market, and 10 per cent new share placement. After the deal is finalised, SYF will be the choice construction arm for Insas, which has a huge landbank. SYF is expected to also be a construction partner for Inch Kenneth Kajang Rubber Public Ltd Co, in which, Ng is the second largest stakeholder, the banker said. “The people at SYF are value creators. They are the same people who successfully sold SEG International to a private equity. So it is quite likely that in the next 10 months, they will sell SYF for double the price to a larger construction group,” he said. What happen to this plan? 15/07/2019 9:11 AM ks_lim dtk ah chai &thong this 2 guy are penyangak ,perompak,,penyamun same as Najib,,cant be trusted anymore!!!and also they control more than 60% of share,,,,, 15/12/2019 12:32 PM  |
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