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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.
  RainT think the gem is on SAM equipment segment where it will ride on the 5G potential for aerospace will be difficult in short term due to COivd 19 11/06/2020 3:36 PM RainT Aerospace of SAM seem hopeless but for the semicon and equipment seem not bad 13/06/2020 10:18 AM RainT aerospace shall be short term is bad in long term air travel still is a must 13/06/2020 10:18 AM moolala SAM one engine kaputt, only equipment segment powering it at the moment. Wait till aerospace engine back on it will fly sky high 15/06/2020 5:09 PM RainT all the bad news due to Boeing stop order because lack of air travel demand in short term now no more ? 17/06/2020 3:51 PM Calvin882 What do you expect Boeing also spiked up 100% from it's recent low already. SAM consider slow already. 17/06/2020 7:14 PM Axelrod https://klse.i3investor.com/blogs/icon8888/2019-10-21-story231104-_Icon_Sam_Engineering_An_Overlooked_Semicon_Play.jsp 18/06/2020 11:40 AM  abang_misai He's still inside the banks counting his gains. Posted by RainT > Jun 20, 2020 5:50 PM | Report Abuse where is ICON888 anybody know? 20/06/2020 5:51 PM Axelrod In its result announcement, the company said its outlook for the equipment business remains strong, largely driven by increased demand from the medical, telecommunications and the electronics industries. https://www.theedgemarkets.com/article/sam-engineering-shares-close-highest-three-months-covid19fueled-thematic-play 22/06/2020 8:25 AM  Warrant Buffet agree with Fabien. That seems like a very efficient way to allocate capital. 26/06/2020 11:09 PM leekh5555 https://www.investing.com/news/stock-market-news/boeing-737-max-certification-flight-tests-to-begin-on-monday-sources-2214352 28/06/2020 9:35 PM Warrant Buffet Holdingking recommend you hold longer. This share will fly above 13 03/07/2020 12:08 PM 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  |
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