Bursa Insight
SCIB - Constructing the next Unicorn (RM1 billion!)
BursaInsight
Publish date: Thu, 09 Jul 2020, 12:56 PM
Key investment highlights
1. Renowned shareholder in recent years - Dato' Dr. Mohd Abdul Karim (Refer Serba and Kpower)
2. High order book: Market capitalisation of RM330 million with Order Book of RM2.4 billion (Refer below)
3. Improving financials (Refer below)
4. Solid latest quartelrly financial results (shot up 442% QoQ) and is expected to continue to report record high QoQ results (Refer below)
Historical financial snapshot
Current order book based on quarterly results
Order book from Serba (Approved related party transaction)
Illustration of target price
RM2.4 billion in order book to be recognised in 3 years (Refer above for the timing of recognition)
Revenue: RM800 milion a year (conservatively!)
Net profit: RM64 million a year (8% profit margin)
PE ratio: 10 times
TP: RM5.20
The above analysis provides the rationale for the recent price increase and increased interest in SCIB. SCIB is heading towards being a RM1 billion company (A Unicorn)
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
MrMidasTouch2020
I have to concur with what is written here, a very well-thought and thorough analysis piece of article. Kudos to the author! Truth to be told, I have been monitoring this stock for some time and was very hesitant to enter. After reading this piece, I decided then and now that I am going to buy in no matter what the price is and in I am! HUAT ah!!!
2020-07-09 17:12