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Overview
Financial Highlight
HeadlinesBusiness Background SAM Engineering & Equipment (M) Bhd is a Malaysian company which provides precision machining, equipment integration and automation solutions to aerospace and equipment industries. The company is engaged in providing manufacturing solutions for critical engine parts and other related equipment parts and also on engineering and high precision tooling including large format CNC machining parts. It also provides for the arrangement of equipment engineering and solutions for commercial, semiconductor and other industries. The company manages its business in three segments namely Aerospace, Equipment manufacturing, and Precision engineering and generates the majority of the revenues from its business in Asia.
  Fabien "The Efficient Capital Allocater" semicon upswing. look at the Chinese market, the chip makers were being valued at over 100times of earnings look at domestic market, Dufu, UWC, Greatec..all being valued at 50 times multiples. i will leave it to the wisdom of the market in deciding the correct multiple for SAM 03/07/2020 3:40 PM  Warrant Buffet Lee I think 40x also can. Look at uwc. https://klse.i3investor.com/blogs/buyandholdlt/2020-06-30-story-h1509679814-Bigger_in_size_half_the_price_SAM.jsp 03/07/2020 4:18 PM leekh5555 if compare with other tech stocks,SAM is deeply undervalued,now is time for SAM to shine. 03/07/2020 4:39 PM Axelrod wah just recovered but should be going higher and higher laa. U see their aerospace also improving: https://www.nytimes.com/2020/07/02/travel/boeings-737-max-flying.html 03/07/2020 5:15 PM Axelrod now just see their equipment also very strong but if aerospace come back also i think this counter got many upside 03/07/2020 5:16 PM leekh5555 aerospace segment will come back for sure and maybe will be awarded more products due to supply chain relocation(to avoid supply chain disruption because of COVID19) 03/07/2020 5:34 PM Warrant Buffet https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3064969 Good news. Believe Mr. Suresh can recommend more customers to this dirt cheap semicon stock. 04/07/2020 8:24 AM Fabien "The Efficient Capital Allocater" https://cdn1.i3investor.com/my/files/dfgs88n/2020/07/13/1514330958-1381086382.pdf Following the spark US/China/Huawei tech war, many have rushed to develop their semiconductor capabilities, especially in leading edge (≤7nm) frontend fabrication (foundry) to be self-sufficient on the back of national strategic and security interests Expect robust capex in near to mid-term on frontend subsector benefiting companies like Frontken, UWC & SAM. Global peers valuation at forward PE of 35 times. SAM Engineering A hidden gem? Under-researched SAM Engineering and Equipment (not rated) has morphed into a sizable semiconductor contract manufacturer after successful diversification strategy from aerospace market. Its equipment business has outgrown aerospace in FY20 with revenue and PBT accounted for 52% and 63% of overall. Supported by strong parents (SAM Group and Accuron Technologies), SAM has exposure in semiconductor frontend and storage devices with reputable customers (Agilent, Teradyne, KLA Tencor, Bosch, P&G and etc) in telecommunication, medical and automotive sectors. Conservatively, assuming that any slack from aerospace will be compensated by equipment’s strength and yield a flattish bottom line for FY21 (RM80m), SAM is currently trading at undemanding 13.6x PE. However, we do note the concerns of liquidity and severe-than-expected slump in aerospace segment which should be mitigated by its initiatives to divert capacity to equipment business. 13/07/2020 4:25 PM Fabien "The Efficient Capital Allocater" Compared to its peers, SAM is a deep laggard Please look at its valuation vis-a-vis earnings prospect and not its share prices 15/07/2020 9:56 PM Kon Lim Chai The eventual owner is Temasik, owner kiasu. CEO also kiasu. Who want to fry this counter? 19/07/2020 10:30 AM Kon Lim Chai the kiasu characteristic clearly shown when FYE31/3/20 recorded higher profit over 31/3/2019 but declared much lower dividend for FYE 2020. 19/07/2020 10:33 AM Warrant Buffet This is a growth stock yea. Dividend is PAID despite major expansion. https://www.thestar.com.my/business/business-news/2019/02/22/sam-engineering-plant-to-supply-parts-to-airbus/ 20/07/2020 8:03 AM Fabien "The Efficient Capital Allocater" Global semiconductor sales are forecast to increase 3.3% y-o-y in 2020. 21/07/2020 10:14 AM PGOne (Pure Goreng One) this shares hard to go up, the valuation stick to there, temasek also dw goreng. 22/07/2020 12:36 AM crawler https://simplywall.st/stocks/my/capital-goods/klse-sam/sam-engineering-equipment-m-berhad-shares?utm_medium=finance_user&utm_campaign=integrated-pitch&utm_source=post&blueprint=1196854#dividend 23/07/2020 8:24 PM Fabien "The Efficient Capital Allocater" Managed to grab some at 6.93 this morning. 27/07/2020 3:46 PM Warrant Buffet Nice one Fabien. I also managed to add more. Havent collect enough. 27/07/2020 9:39 PM RainT erm bad quarter result is already expected la , cover from 4,5,6 only good quarter result is the unexpected now, new normal 28/07/2020 10:14 AM Rwkl Seems there are no virtual AGM facilities up north in Penang? They are having it in PJ. At last got a chance to hear them out 30/07/2020 6:17 PM  yangxi nasib SAM ada profit in Equipment segment although MCO affected. Aerospace business gg this year. 19/08/2020 11:08 PM  |
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