KLSE: SANICHI (0133)       SANICHI TECHNOLOGY BHD ACE : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.05   0.00 (0.00%)  0.045 - 0.05  1,100
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Ann. Date Ex Date Payment Date Type Subject Amount View
28-Dec-2007 16-Jan-2008 28-Jan-2008 DIVIDEND Interim Dividend RM 0.005 Dividend Detail
10-Dec-2012 20-Dec-2012 24-Dec-2012 CONSOLIDATION Others 5 : 1 Dividend Detail
31-Jan-2013 15-Feb-2013 19-Feb-2013 RIGHTS_ISSUE Rights Issue 1 : 1 Dividend Detail
15-Aug-2014 27-Aug-2014 29-Aug-2014 RIGHTS_ISSUE Rights Issue 3 : 2 Dividend Detail
31-May-2016 10-Jun-2016 14-Jun-2016 RIGHTS_ISSUE Rights Issue 2 : 1 Dividend Detail
04-May-2016 17-May-2016 19-May-2016 CONSOLIDATION Share consolidate 4 : 1 Dividend Detail
31-Aug-2017 30-Aug-2017 06-Sep-2017 CONSOLIDATION Share Consolidation 3 : 1 Dividend Detail
05-Nov-2018 16-Nov-2018 21-Nov-2018 RIGHTS_ISSUE Rights Issue 2 : 1 Dividend Detail
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  24 people like this.
richman everyday buy and sell 6cts
11/01/2019 12:25 PM
richman breakout lah
11/01/2019 12:26 PM
fl888 Buying a property worth RM40 million for RM46 million and getting a friendly valuer to substantiate higher market value might be the new game by Pang.....be careful
14/01/2019 8:49 PM
AlfI3 Another dirty tactic to con ppl hard earned $. Whist d transacted ppty can giv comision or kick back to this grp of syndicate tat link to close this ppty deal. Dey pocket in this rebate, whilst d minority juz able to watch but speechless
16/01/2019 10:09 AM
BILLC So millions of rights issue money will go into pockets of Pang sai n the gangs again,,,??
Bursa n Sc makan gaji buta ka,,,,,
16/01/2019 5:34 PM
WSP88 JAKS up 40% year-to-date,

your SANICHi still
16/01/2019 6:07 PM
commonsense The company recently proposed to acquire a 12-storey office building in Bangsar South for RM48mil which translate to a price of RM850/sq ft. This is actually lower than some of the other newer office building in that area (mostly price at above RM1,000/sq ft). That being said, the reasoning for the acquisition is a bit weak in my opinion (does not create much value for shareholders). These are the reasons listed by the management:

1) Branding
2) To mark Sanichi’s footprint cross Malaysia
3) To establish an international standard sales and admin office in KL (precision mould and property division)
4) Rental income from existing tenants (not sure how much. No details were given)

I think the company should use the money raised from the 2 right issues (in 2016 & more recently in 2018 for combined total proceeds of around RM160mil) more wisely and maybe focus more on the development of their property projects. If they really wanted the prestige of the Bangsar South location, they can actually do this by just renting an office space (especially given the abundance supply at the moment, the rental would actually be a lot cheaper). Just because you move your office at Bangsar does not make your products more appealing to potential customers.

During the 2018 right issue exercise, management did indicate that a big portion of the proceeds (up to RM84mil) was to be used for property development activities but it was more on a basis of Sanichi developing a new property development project (buy land then develop) which normally provide higher profit margins (if the take up rate is high). There was no mentioned of using the right issue to buy an office building. It is still ok if the rental received from the building is high enough to compensate the purchase price of RM48mil. But from the announcement, it seems like the purchase is mainly for Sanichi’s new office used which is not good since it does not add much value to shareholders (spending money you don’t actually have).

After 2 right issues exercises, shareholders would have hope that the money raised would be spent in projects that can actually deliver good returns to them.

Since the right issue in 2016, the company has yet to be able to show any full year profit to its shareholders (Jan to Dec 2017 record a loss of RM18.1mil and 9m18 result is still a loss of RM9.5mil). Thinking that FY19 would be any different might be a bit of a wishful thinking on the part of some investors.

If you are looking to diversify your portfolio outside of Sanichi (due to its earnings uncertainties and business strategies) 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.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x 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. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.
20/01/2019 9:11 AM
SANICHI ..... wait until the expiry of -WC and -WD.
23/01/2019 11:42 PM
AlfI3 When wud b its WC & WD expiry dates? Long way to go leh......
24/01/2019 7:43 AM
richman actively traded now at 6cts .Is it time to break 6.5
24/01/2019 10:10 AM
richman maybe syndicate buy to goreng
24/01/2019 10:11 AM
djibaok come... come and donate your money to sanichi heh heh heh
24/01/2019 3:05 PM
AlfI3 Indeed, it looked actively traded during d passed 2 weeks.Is xpected to trade higher volume prior to cny, so tat provide some opportunity to break 0.008.
25/01/2019 6:54 AM
Warrant Consolidation again ? Oh no LENO got trapped
25/01/2019 8:37 PM
richman this is ripe to move up
12/02/2019 2:50 PM
AlfI3 Hold steadily to excell further up up up. Volume oso juztified
14/02/2019 4:55 PM
14/02/2019 5:57 PM
AlfI3 Coming soon steadily to recover its grnd lost earlier during d rights issue
15/02/2019 6:35 AM
sampah RUNNNNNNNN!!!!!!!!!!!!!!!
15/02/2019 7:41 PM
AlfI3 Look like got strong support for it at 0.06. If penggorengs come it a little bit, v may xpect it cud b lifted up very easily
18/02/2019 7:18 AM
Ir Fan Ting 26.77 to 0.06 ???
19/02/2019 7:51 PM
1774931129203279 go 10cent first.
20/02/2019 3:58 PM
AlfI3 Need to build up d volume 1st like Sapnrg to attract investors' intrest
21/02/2019 10:09 AM
djibaok This counter conning shuyus since time immemorial LOL
27/02/2019 10:49 AM
trade88 Hi..this stock not worth to buy la.is a con stock.rubbish
28/02/2019 8:41 PM
ivan9511 Sanichi evertime b4 ri the qr will show a little bit profit then after get the full ri money next qr will show a huge loss and the net loss is a few times bigger than the little little bit of last qr.
Then share will normally drop to 5 sen .
Just checking back easy to find .
Ssnichi con people actually is very boring and easy way only .
Dun know why every time ri people keep rushing to buy and will said nta so high cash rich undervalued.
I already warn non stop since last two ri not tjid time this time i also lazy to talk .
Last year or last 2 years back I almost warn everyday.
Sanichi greedy is cannot see the end until the boss money richer than Genting and Maybank or maube the boss want to become the top 3 richer man like Alibaba and apple and Microsoft ?
Like that non ended keep asking money and then made the price drop and share consolidation is a very terrible strategy . So far I still cannot find other can do like that .
03/03/2019 8:10 PM
Peter2357 speechless
04/03/2019 6:44 PM
1774931129203279 Need to build up d volume 1st
04/03/2019 7:15 PM
drkrishan When right issue again?
05/03/2019 4:09 PM
ivan9511 when the Boss finish money lol
05/03/2019 4:48 PM
drkrishan Should be sooner.. bought a plane last year, maybe a yatch this time? Then call another RI
05/03/2019 5:32 PM
drkrishan Copied from the QR, it quotes: " the Group property project in Melaka is expected to be completed in early 2019 and contribute remarkably to the Group."

Anybody has idea how is the development progress? To say this it must have almost completed the project by now, right? But what I gathered is that even the structural work is still not completed yet. The management can just simply quote and not having to account to what they said? Then what is the purpose of disclosure? Bursa/SC sleeping on their jobs?
05/03/2019 5:50 PM
1774931129203279 tp10 CENT FIRST
05/03/2019 6:30 PM
Yukiko Chan @drkrishan you can check the development status on FB, the completion date should be around early 2022, you can file a complain to bursa on the misleading information. If true, they will fine the director.
06/03/2019 8:36 PM
drkrishan @Thanks Yukiko.. will see what I can do. But that just suggest how low is the credibility of the management and board of directors of this company
07/03/2019 11:22 AM
ivan9511 invest in oil company now made 200 or 300%
dayang or cariman az, wtk or up 100% until 300% from lowest
sanichi after awhile right issue after collect money share conso
later price normly back to 5sen then again and again and again see :

everytime ri is not cheap because too many time conso

05 Nov 2018 16 Nov 2018 21 Nov 2018 21 Nov 2018 Rights Issue 2 : 1 0.100 Malaysia Stock - Bonus/Rights Issue
31 Aug 2017 30 Aug 2017 06 Sep 2017 06 Sep 2017 Share Consolidation 3 : 1 0.000 Malaysia Stock - Bonus/Rights Issue
31 May 2016 10 Jun 2016 14 Jun 2016 14 Jun 2016 Rights Issue 2 : 1 0.110 Malaysia Stock - Bonus/Rights Issue
04 May 2016 17 May 2016 19 May 2016 19 May 2016 Share consolidate 4 : 1 0.000 Malaysia Stock - Bonus/Rights Issue
15 Aug 2014 27 Aug 2014 29 Aug 2014 29 Aug 2014 Rights Issue 3 : 2 0.100 Malaysia Stock - Bonus/Rights Issue
31 Jan 2013 15 Feb 2013 19 Feb 2013 19 Feb 2013 Rights Issue 1 : 1 0.100
12/03/2019 3:04 PM

Free dividend in specie:

1 ANGRYB (Angry Birds Hold Ltd Berhad) share for every 5 Sanicheap share hold.
18/03/2019 7:40 PM
AlfI3 Ha ha, free angry bird shares to hit d mother shares gau gau
19/03/2019 6:48 AM
AlfI3 Remained as a hopeless counter.....??
27/03/2019 6:21 AM
Tan_EngYee 小皮 楊心美 Good. What to do now? 小皮 楊心美
05/05/2019 1:04 AM
Wong Yi Ming Mr pang , champion of rights issue.... company hv RM130million cash and debt free... when to rights issue again? Many stupid minority shareholders waiting to subscribe your new rights issues
10/05/2019 3:47 PM
ivan9511 Sanichi boss please be a hardworking man after take people 10sen for so many times already .
We all very hardworking to earn money not like you .

ivan9511 Ok . Guys I need to tell a story .
Ivan got watch a few food counter including bjfood appolo nestle fn oldtown last time.
Because ivan believe food is very important for the world.

The story about bjfood.
A few years ago when bjfood attack down to near 1.20 ringgit ivan keep average price.
Many people started saying run bjfood vt magic no bottom will drop below 1.
Ivan buy from 1.40 until 1.30 .
Why because ivan see many ladies addicted drinking Starbucks .
So finally I guess you all now what happened on my bjfood.
Of course ivan already sold all bjfood because if not sold where got fresh money to invest in other
Insas. Apm.affin . Tenaga. Inari.harta all use bjfood money to buy.
Why buy London. Because we still can eat biscuits. Business future is oustanding super good results.
Now the problem is the boss willing to share the money .
If the boss is follow Sanichi Boss attitudes then I regret.
AS WE KNOW SANICHI Boss . Sanichi is a cash rich undervalued company in bursa.
But sanichi keep asking people money from ri and keep consoli once share price drop near 5sen.
So we call Sanichi
20/05/2019 6:37 PM
Zuok ivan5911?

Want to be intriguied?

Stock consolidation 5:1 AGAIN !

Then RIGHSS ISSUE at 10 SEN (after 5:1)

24/05/2019 2:32 AM
Sales This is the worst counter i have. I kept from 0.18sen. Sold at 0.10. PLS. TAKE CARE YOUR HARD EARN MONEY.
28/05/2019 8:57 PM
Peter2357 Haiyoh
31/05/2019 3:58 PM
VLVL Rubbish q report
31/05/2019 6:21 PM
Wong Yi Ming Cash in hand about RM132 millions, record big losses every quarter and cash reduced every quarter. How to do business? Where the monies gone? MACC, please check the company operation.
31/05/2019 8:20 PM
Jonathan Keung time again time asked for rights from shareholders but price drop below subscription price. how to play this type of counter. conned by their managment
31/05/2019 8:38 PM
Kasiuntung11 https://klse.i3investor.com/m/stock/overview/0020.jsp

Netx to fly .cheap company growth stock
17/06/2019 11:28 AM
Jonathan Keung once bitten twice shy. stay away
17/06/2019 11:29 AM


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