Ya Secret nice share. Pe ratio only 5. Got 5billion project. Dividend yield of 10percent. 500mil of cash, 5 percent of borrowing. 55percent profit given as dividend. They are world largest cincin and handbag industry. Aim to become top 5 cincin and handbag supplier in the world. I heard also their main customer is start with R. This customer constantly buy from this company. I heard this customer got 700million us dollar of wealth. But since the main customer might be not substainably due to high probability will enter into a legal case, so i didnt enter into this share due to high risk.

So which one?

Signature? 150mil billing left for only 2 quarter to charge? Dun like it. Peak already their profit. Not substainable in my opinion. Haha. Last quarter 80mil revenue. Profit margin start to drop. Cannot maintain the high profit already

Which one? Mind to share? Haha

Here we go. Same strategy with me haha

Rosman: nice to see you here too. i tink this share same case with yspsah. Tabung haji keep selling yspsah. Once tabung haji stop, see yspsah fly like hell.

apa u mau spaghetti? @_@

Spaghetti: hokkien got 1 word. Dangugu la hahaha

spaghetti u-turn again... lol

Who say this year cannot make money? Hahaha

Haha this leno cari makan from investlah to i3vestor. Sorry to say. My gain better than you. Currently my YTD earning stood at 50ercent above bu investing in a better fundermental share. I believe icon8888 also gain alot as at this year.

Sam secured another 240million project

http://www.sam.sg/wp-content/uploads/2015/06/Latest-News_25-June-2015.pdf

apa la ni, today up because of perkembangan Malaysia bukan perkembangan dunia =.=

This spagetti, satu hari cakap up, satu hari cakap down, satu hari cakap up again. Apa you mau?

Just to remind you that according to management government project provided the lowest profit margin among all of the sales. So i dont tink is a good thing for the company

Indonesia plant did not contribute any revenue as of now.

I think abit from government project. Im not sure. Just that last quarter surged mainly due to increase in sales to clinic. I sold because because of the share price from 1.6 until 2.5 now. I didnt expect any huger profit improvement in the coming quarter. Maybe next quarter will improved but impossible to remain the same as current quarter

Ykloh: the problem now is from the audited report, the company only incurred only small portion of revenue from there. (In other coutries revenue) As shareholder we concern about whether the medicine can be sold.or not. Other than that from the reaction and respon from management i feel like they dont know and not very understand on this company.They might focus on the yong shin taiwan business more.

I think that all i wan to share ba. Anyway make your owne decision from the information above. Cheers.

13. No bonus issue or any other corporate planning for yspsah for current moment. The shares in open market is about 60percent

12. The management said that cost of material consist of 55percent consists of cost of material which 90percent imported from oversea. The next biggest cost is packaging cost. Electricity only consist 2percent of the cost of sales of the medicine

11. The other product such as cosmetic product only contribute less than 1percent to the company. One of the shareholder asked does the company have the intention to enter into cosmetic product. The management said the company are trying to enter the market but because of cosmetic product normally depends on branding. So the company unable to compete with others. The company is still in the learning progress for the particular industries

10. The company foresee a improvement in the sales to government project as the company started to supplier to government.

9. The company did not planned to enter china market due to the sister company, yongshin china have been entered into china market for more than 20years.But they only able to get aingle digit of licenses. But the company have join ventures with other china company in china market

8. 71percent of the product for yspsah is charged gst while 29percent is zero rated product

7. One of the shareholder have asked that the interest income gains from cash and cash equivalent is lesser than finance cost. Hence the company have any planned to better planning on the cash flow. The management said actually the company does not have as many cash as shown in balance sheet. Only because the timing differences as that time the money collect from debtor and the money which spend for working capital did not used at the moment

6. Obe of the shareholeer asked why yspsah choose to go in indonesia market. The management answered that the company go into indonesia market due to the indonesia market have opened their market 4years ago. The shareholder continue to ask do the management have any forecast on the sales in indonesia. The management said the company invest in indonesia for "test water". They will continue invest in indonesia anout 4 million for next few years

5. Indonesia plant will be opened on 3rd quarter of 2015. This might be good news to the company.

4. As per management the company gain the most profit margin mainly from sales to clinic while the lowest profit margin from government contract as they need to compete with other company to able to bid the contract. Hence they will lower down the profit margin

3. Last quarter profit margin improvement mainly due to gst effect.As the gst coming, the sales to clinic have been increased. As the sales to clinic generated the most profit margin to the company, hence the profit margin also increased

The company do not planned for any expansion other than in vietnam and indonesia plant. For Malaysia, although the utilised rate stood at 80percent, management think that this is not a problem as they can change a more efficient machine to increase the production of the medicine

So the utilisation rate in malaysia will decreased. Now they unable to do tis due to license problem. Vietnam and indonesia plant still suffering lose vietnam plant will breakeven in 2 years time

Just finish attending the AGM. I won't write any article as i sold already all my shares.

1. Dividend policy : 50percent
2. Utilisation: 80percent for malaysia 30percent for vietnam. The company planned to move all of the veternity production from msia to vietnamm

No one going AGM except me? Haha

Or maybe any point to convience me? PE Compare to peer? Im FA not TA thx

I dont have any shares on this because i felt the price already too expensive. Unles next quarter come out a superb quarter, maybe i will consider to buy

Personal view on this share: fundermental good, profit also expected.to grow but currently overpriced. Currency stood at PE13, no dividend payout for 3 to 4 years. Already expensive now. Who can convience me to buy this? Pls give your point. Thanks

Can enter but trade at your own risk. That's all I wan to say. The higher price you enter, the higher risk you have.

Stock of 2015,2016 and 2017

new cincin spotted XD

Rohank71: agreed with you. The most important point is they have 3billion contact on hand and 103million cash. Their management target to hit 1billion revenue by next 2 years. With current order book they might hit the billion ringgit revenue soon if they keep on getting more than 1billion order book per year. As per 2015, they already signed rm1.35billion new contract with GE aviation. If they continue do this, I think in 2 years times they might hit billion ringgit revenue as reported in annual report 2014

If u dun believe on their management then simply dun buy la. No need to spread negative thing about this. Im confident with the management. That's why i bought this share.

They r pure cash company with no bank borrowing. Why cannot pay high dividend? Go and see gtronic. 100percent of their profit paid as dividend. This company only paid 80percent of their profit. What is the problem? Dun because u miss the share then wan to push this share price drop la

Eh joel dun simply talk when u dont understand about this company. This company main shareholder is Temasek holding, which is investment holding of Singapore government. Normally they paid high dividend just like petronas paying high dividend to their shareholder. What ikan besar wan to sell share high price. Pls dun simply talk when u dun understand about this share.

Haha bukithot, i wan try to become last one to ask. If not.latdr people say i ask too.much question. I believe other ppl that concern on this share will ask the same question as well. Cheers

icon8888: gratz for earning alot on SAM and Yspsah!!

EPS28 x PE18 = RM5.04

maybe I will write an article on the answer. Hope I got chance to ask them

I wan to ask about the why the profit margin improve? Is it substantiable? Is it because of automation program in bangi plant?