KLSE: SYCAL (9717)       SYCAL VENTURES BHD MAIN : Construction
Last Price Today's Change   Day's Range   Trading Volume
0.24   0.00 (0.00%)  0.235 - 0.24  3,000
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Market Cap: 100 Million
NOSH: 416 Million
Avg Volume (4 weeks):69,295
4 Weeks Range:0.235 - 0.265
4 Weeks Price Volatility (%):
52 Weeks Range:0.175 - 0.36
52 Weeks Price Volatility (%):
Average Price Target: 0.56
Price Target Upside/Downside: +0.32

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  27-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  26-Nov-2020
T4Q P/E | EY: 17.15  |  5.83%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.67  |  0.36
T4Q NP Margin | ROE: 9.82%  |  2.09%


Date Subject
17-Aug-2020 Technical Buy - SYCAL (9717)

Business Background

Sycal Ventures Bhd is an investment holding company primarily engaged in the construction industry. The company has three reportable segments: Construction, Property development and Manufacturing and Trading. Construction includes civil and building construction works. Property development is engaged in property development, property management, and consultancy. Manufacturing and trading consist of manufacturing and trading in ready-mix concrete and trading in building materials. The firm develops projects for government and private sector including low-rise and high-rise housing, infrastructure, landmark buildings, universities, hospitals and commercial developments. The group operates in Malaysia.
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  2 people like this.
Myeye http://www.malaysiastock.biz/Company-Announcement.aspx?id=1024857
03/01/2018 12:15 PM
Myeye WEST EMERALD ISLE SDN BHD acquire 27,000,000 share ~.~
03/01/2018 12:16 PM
Myeye Power on ~.~
05/01/2018 2:44 PM
KingOfStock gogogo...meletup soon... new shareholder coming in...
06/01/2018 7:40 PM
Myeye ~.~
11/01/2018 3:44 PM
quassar active early morning...
12/03/2018 10:01 AM
Jolin Lai Chi Pet going to limit up anytime..................
17/08/2018 7:22 AM
Jasper Coo Never regret for buying this stock, profit is real
17/08/2018 11:06 AM
Jolin Lai Chi Pet buy it while cheap................ later above 30 cents
17/08/2018 12:02 PM
commonsense Since FY16, the company has only managed to deliver very small profit to its shareholder. 9m18 result only manged to record a profit of RM1.8mil. Even if the company manged to deliver a higher than average profit of RM2.5mil for the full FY18, at the current share price, it would have already been value at almost 30x PE. To think it can deliver a higher profit in FY19 might be a bit of a wishful thinking on the part of some investors especially given the depressing property market at the moment.

If you are looking to diversify your portfolio outside of Sycal Ventures (due to its earnings uncertainties and relatively high valuation) 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.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x 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. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.
29/01/2019 12:38 PM
Trouble Huat Something brewing. Hehe
29/03/2019 4:58 PM
teo2894 Take profit and run
01/04/2019 9:53 AM
Investhor https://klse.i3investor.com/blogs/InvesthorsHammer/201175.jsp
05/04/2019 7:24 PM
Investhor I believe future trend is good for this company
05/04/2019 7:24 PM
Investhor below is Mandarin version of article:

06/04/2019 8:02 AM
FutureGains bursamaster eat lot ?
06/04/2019 9:46 PM
BURSAMASTER yes, i took some at 0.25 yesterday
06/04/2019 10:11 PM
Furlala Bursamaster, and all, any comment or latest update for this?
17/10/2019 1:00 PM
CatchThe Bull If possible stay away from this type of counter.
02/03/2020 5:26 PM
thesteward This counter is truely overlooked such a high nta and making good profit trading so cheap .
What a gem
29/04/2020 12:46 PM
RedEagle Pity pattern chart
05/05/2020 9:40 PM
volks2 Comin now.
14/05/2020 2:35 PM
thesteward Don’t miss lo
14/05/2020 2:39 PM
jaynetan sycal attracts me.
buying some to try my luck
13/07/2020 10:45 AM
thesteward I think will move soon
13/07/2020 2:47 PM
jaynetan so, moved
14/07/2020 9:43 AM
Peace99 hello, jaynetan, good to see you here! So, looks like this counter will be rewarding just like VSolar!
15/07/2020 9:50 PM
jaynetan oh p99 meet you again here.
sycal attracts me.
buying some to try my luck

13/07/2020 10:45 AM
16/07/2020 12:42 AM
jaynetan looks like vsolar but much differences , hope it helps me to retire early
16/07/2020 12:45 AM
Peace99 Would be nice to retire early and healthy! Just wonder what you think of dolphin international as it is also doing right issues to acquire Uncle Don. Ex-date 23 July. It's quite active trading now.
16/07/2020 10:14 AM
jaynetan market active many cash calls. to be cautious , i only prefer minimum risk which is in favor of me and able to shoulder the downside.
i wait see .
in the mean time, i prefer sycal with several self satisfaction reasaons, or shiok sendiri only.
just a laugh
16/07/2020 10:51 AM
Peace99 Would you mind to share your reasons for sycal? Just as a reference, as I should do my homework too! Cheers
16/07/2020 11:44 AM
jaynetan its proposal
egm 6/8
17/07/2020 3:39 PM
Peace99 Thanks, and iIndeed, the fund to be raised will be mainly used in the housing and condo projects which look good to me. I know of this ICPS thing just now and the share price now is about 3-5 sens higher than last week when the price was less than 20sen, so I lose out a bit, but this extra 3-5 sens when spread over the 15 ICPS is just about 0.3 sen/ICPS. With egm on 6 Aug means the ex-date will be soon. Conclusion: I will definitely buy too.
17/07/2020 10:45 PM
Peace99 I am hopeful that these ICPS thing will bring the good profit just like the VSolar right issues:)
17/07/2020 10:48 PM
jaynetan We met at vsolar
17/07/2020 10:50 PM
jaynetan The rm 20 m subscription of icps by major share holders to be a good catalyst
20/07/2020 9:40 PM
sweng88 hi Jaynetan, i understand abt RI, but i still dun understand abt ICPS, can you teach me, i also want to retire earlier thanks
20/07/2020 10:52 PM
jaynetan a few types of loan stocks
icps , rcps are two fo them
icps, irredeemable convertible preference shares.
21/07/2020 5:13 AM
Peace99 Sweng88 and all, Below is copied from Bursa Announcement. Pls check there for more details.

The Proposed Rights Issue involves the issuance of up to 6,244,866,420 ICPS on the basis of 15 ICPS for 1 Share.

Based on the Conversion Mode, the ICPS can be converted into new Shares at the Conversion Price in the following manner:
(a) by surrendering for cancellation twenty (20) ICPS for conversion into one (1) new Share
(“Conversion Ratio”) (“Conversion Mode 1”); or

(b) by surrendering for cancellation one (1) ICPS together with a cash payment of RM0.19 for one (1) new Share (“Conversion Mode 2”).
28/07/2020 12:44 PM
Peace99 Each ICPS costs 1 sen to subscribe.
In short, if you choose Conversion MOde 2, you get 1 share by paying 1sen +19sen=20sen. Now the price is 26sen, so potentially major earning.

Jaynetan, is this the main idea?
28/07/2020 12:50 PM
jaynetan Hopefully born at the right time
15/08/2020 6:47 AM
jaynetan interesting
27/08/2020 12:57 AM
Peace99 Wow, fly, not selling:)
28/08/2020 4:53 PM
Peace99 Just managed to login today and nice surprise!!
28/08/2020 4:54 PM
jaynetan happyholiday
28/08/2020 5:25 PM
Peace99 Happy holidays, RI going well!
29/08/2020 6:09 PM
BURSAMASTER https://klse.i3investor.com/blogs/Bursa_Master/2020-08-31-story-h1512603328-COULD_THIS_STOCK_BE_ANOTHER_TAKEOVER_EPISODE_OR_IS_IT_JUST_A_GUESSING_G.jsp
31/08/2020 10:09 AM
jaynetan Why not said earlier
31/08/2020 4:36 PM
BabyAce This stock actually got potential. Sudden breakout takut. Btw, I'm staying in one of the properties they built, really not bad actually.
31/08/2020 5:48 PM

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