KLSE: SYF (7082)       SYF RESOURCES BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.155   -0.005 (3.12%)  0.155 - 0.16  15,000
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Market Cap: 96 Million
NOSH: 619 Million
Avg Volume (4 weeks):423,216
4 Weeks Range:0.145 - 0.18
4 Weeks Price Volatility (%):
52 Weeks Range:0.145 - 0.235
52 Weeks Price Volatility (%):
Average Price Target: 0.49
Price Target Upside/Downside: +0.335
Stamp duty exempted for year 2020

Financial Highlight

Latest Quarter | Ann. Date 31-Oct-2019 [#1]  |  17-Dec-2019
Next QR | Est. Ann. Date: 31-Jan-2020  |  28-Mar-2020
T4Q P/E | EY: -2.11  |  -47.34%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.4  |  0.39
T4Q NP Margin | ROE: -20.35%  |  -18.34%


Date Subject
08-Nov-2019 Mplus Market Pulse - 8 Nov 2019
08-Nov-2019 PublicInvest Research Headlines - 8 Nov 2019
07-May-2019 成业家私基本面可好?
08-Apr-2019 PublicInvest Research Headlines - 8 Apr 2019

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.
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  6 people like this.
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
upshare I also trapped at warrant 0.07...
11/09/2018 8:04 PM
Lim Tek Wai Yahoooo ! Good profit tho, can spend more already kikiki
12/09/2018 11:48 AM
azmuzick @ks_lim rumors will have good qr.
12/09/2018 7:31 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
ks_lim 、semua orang dalam,,,,susah!!!!
14/09/2018 3:29 PM
bleuerouge it's time to buy
18/09/2018 2:13 PM
Jordan Khoo Strong momentum time to invest now.
18/09/2018 3:22 PM
pakabu please rebound.. :-)
18/09/2018 5:17 PM
azmuzick @ks_lim 、semua orang dalam,,,,susah!!!! so true
19/09/2018 6:37 PM
jalanjalan Wake up
20/09/2018 6:00 PM
Kymkym Up up
21/09/2018 1:21 PM
jalanjalan So slow. Hermmmm
23/09/2018 11:44 AM
ML Corp lousy SYF......... day day sleep. buat apa lah SYF?? useless
24/09/2018 7:31 PM
Kymkym Wake up soon
25/09/2018 12:38 PM
ks_lim Kiamat counter!!!
26/09/2018 1:42 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 Wake up you dead counter!!!
27/09/2018 10:59 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
jalanjalan Wake up wake up
03/10/2018 10:03 PM
BlackWhite Exit old rice bowl now do what to survive
04/10/2018 12:28 PM
SuperBest bot 22.5
10/10/2018 4:24 PM
jalanjalan Share Buy back At 23 cent
14/10/2018 4:43 PM
jalanjalan Go go go
19/10/2018 7:31 PM
pakabu Share price stable since 9 Oct 2018.. Up..Up..!
26/10/2018 3:54 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 Finally, what a nice moves SYF !! Muchass Graciass !!
14/11/2018 1:17 PM
bleuerouge waiting at 23c for re-entry, syf should benefit from steadily increasing usd/myr.
25/11/2018 8:03 AM
beso report loss again,habis,gone case
12/12/2018 7:28 PM
GooShan tp 0.1
25/12/2018 3:03 PM
HarapBaik no reason to go up unless speculation pumping
20/01/2019 9:25 PM
kakakemas what happen to this counter? when they will stop SBB?
28/01/2019 1:28 PM
ML Corp directors all tidur .......
28/01/2019 9:56 PM
BlackWhite Wait for speculation pumping
20/02/2019 6:32 PM
ML Corp kura kura syf.......... why so damn lousy? tengok pun bosan
21/02/2019 5:57 PM
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
ML Corp 发瘟 SYF, 没动最好去死吧 !!!!!
04/04/2019 3:58 PM
kakakemas what happen to this counter? no operator? haha
04/04/2019 10:55 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 great job !! dtk ah chai,,p/s proceed with no 8 achivedment,,,,
05/10/2019 4:42 PM
lee_m2020 This co will rebound hi ..
20/10/2019 4:11 PM
Happyman123 Is it a GG.com company?
05/12/2019 9:11 PM
ks_lim never touch tis counter, ...........,,,
07/12/2019 8:07 PM
ks_lim look back Mieco,,,
07/12/2019 8:08 PM
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
ks_lim 缩头乌龟的公司
12/01/2020 9:15 AM


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