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Overview
Financial Highlight
Headlines
Business 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.
  Wong Chie Kiong SAM (9822) From a daily chart, we can see that SAM broke out from it’s all time high at RM8.22. At the same time, it broke out from a Rounding Bottom pattern. Volume of the breakout is significantly higher. Price is above upward sloping 50-day EMA and RSI (21) is above 50%. First target is at RM9.47, half of the Rounding Bottom formation height and also 100% Fibonacci Extension. Second target is the full formation height at RM10.72 and 161.8% Fibonacci Extension at RM10.78. From a weekly chart, we can see that there is a symmetrical triangle forming from December 2016 to July 2018. With two highs that touches the downward sloping resistance line and two lows touching the upward sloping support line. It pulled back to the 50 week EMA before breaking out from the symmetrical triangle. Target price for the symmetrical triangle is at RM11.52, near to the 200% Fibonacci Extension RM11.59. However, this is a long term target price. Current Price: RM8.26 Target Price: RM9.47, then RM10.72-RM10.78, then RM11.52-11.59. Stop Loss: if price closes below RM7.98, below psychological support and below the low of breakout candle. If you have any stocks in mind that you would like me to review on, do comment below on the original post and I will give my personal view of it. Do like our page TradingIdeas for new updates! Like, Share and Comment! Would like to hear from you! Disclaimer: This is not a buy or sell recommendation but for educational purposes only. Proper due diligence and risk management is required before taking a trade. The writer will not responsible for any gain/loss resulting from the information provided herein. 05/10/2018 08:51 Up_down RM is expected to weaken against USD further in tandem with CNY depreciation due to trade war getting intense. Good to stick with export related counters maintaining growth. 10/10/2018 14:27 steelman accumulate during correction and patiently wait for the bounty. sure to come soon! 17/10/2018 09:53 Wong Chie Kiong https://www.sam-malaysia.com/wp-content/uploads/2018/10/Company-Presentation-3-Oct-2018.pdf 17/10/2018 21:35 leekh5555 https://donovan-ang.blogspot.com/2018/06/funds-flow-of-sam-engineering-and.html 22/10/2018 15:31 Wong Chie Kiong Attached is the Very Long Term Funds Flow of SAM Engineering and Equipment Bhd that is listed in the KLSE (KLSE: 9822). During the period of consolidation in the green boxed region, smart money funds flow kept flooding into this company's equities. This eventually brewed for a multi-bagger upmove in prices (See FFA and Technical Chart illustrated). Currently, SAM Engineering and Equipment Bhd is forming an Inverse Shoulder-Head-Shoulder price structure which is bullish in price action for re-accumulation. This is achieved under strong funds flow as backing. There is very high probability it will continue its uptrend for sustained all time highs never seen before. Next target: $11.00 based on inverse SHS projection up. 23/10/2018 10:18 leekh5555 https://www.fool.com/investing/2018/10/24/boeing-co-earnings-another-beat-and-raise-quarter.aspx?source=iedfolrf0000001 25/10/2018 17:11 Hafid SAM will have boom in aerospace engineering. There is something is going to happen 04/11/2018 20:03 lbkeat many investors focus sam's aerospace business but i noticed their hdd business is performing very well. dufu released very excellent quarter results how about sam? 12/11/2018 11:41 klchai123 temasek holdings hold more than 71% of total shares, need to have more shares either thro share split or bonus issue, so that it's more affordable for small investors. increased production capacity should gradually be reflected in quarterly results 19/11/2018 18:53 leekh5555 http://www.bursamarketplace.com/mkt/tools/research/ch=research&pg=research&ac=559831&bb=571740 29/11/2018 18:45 everlasting the quarter result showed steady growth in the aerospace division, in-line with analyst and management expectation. It has been 3 years since the shareprice reached rm7-8 region, and it is picking up momentum again this year. The net profit in the last few quarters are among the highest to-date, averaging around 18-19million. My opninion is that the downside is limited as even in this bear market the share price is holding on. With clear earning growth visibilty in the coming years, there is no doubt that SAM share price is poised for another breakout like 3 years ago. 30/11/2018 11:29 everlasting As the price of the crude oil is not going to go back to usd100 range, airline sectors are expected to be benefited, as guided by Boeing recent qr, the demand of the airplane is going to increase steadily as more and more people are using aeroplane as their preferred transportation, even for domestic destination. It is a rare opportunities to be able to invest in an aerospace company as there are not many in our region due to the high entry barrier. We can see from how the major shareholders (Temasek etc) are not letting go any of the shares and they just barely maintain the minimum free float shares in the market so that it can be remained as a listed company 30/11/2018 11:37 everlasting with current risk to reward ratio, this stock is a no brainer, an increase to rm11 will already give a 40% upside. I have already started accumulating 04/12/2018 16:36 Hafid The aerospace sector will have more competition. So.the share price will not be at the level and also the world economy is slow down. 30/12/2018 20:42 HoldingKing Hafid, SAM orderbook can last until 9 years. the competition wise, i dont think there are much compare to commercial airlines competition. 31/12/2018 15:37 titus its operation recorded negative cashflow for last 2Q. Heavey expansion on plant and property. Furthermore, draw down money to pay dividend and finance purchase of PPE? Interesting 18/01/2019 11:39 LouiseS Last 5 years EPS while on increasing trend, fluctuated significantly, overall increased by 44.1% in last 5 years, PE ratio is 13, ROE 14%, and dividend yield 3.17% https://louisesinvesting.blogspot.com/2019/01/preliminary-screening-of-counters-with_56.html 27/01/2019 07:32  |
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