today corrected so much, time to load tomorrow if it drops again! somebody is cooking destini!

aih sick of knowing the fact there is someone manipulating this stock, whoever it is, i don't want to know anymore, i am sure flowerpower is involved, i have already noticed his pattern..but whatever lar, i got other counters to buy too, not just hibiscus

hahaha, see valuemaster is right, flyhigh888 aka flowerpower hahahahha

9.20, but pe for plantation is only 5x, ridiculous.. should be 10.50 if use 12x for plantation

nobody care about epmb, hehe, gogoog

now i understand ady, why valuemaster said flowerpower claiming glory is a syndicate, last 2 weeks he accumulated with this accounts call flyhigh888 at 1.20-1.30, i remember he was shooting valuemaster that time, now the price up more than his buying price, of course flowerpower my ex sifu come and claim glory lor...haih, is this true? if it is, please push up to 1.50 i wanan get out!

haih, i am still trapped at 1.50, please push up for me ya ex sifu, thank you

aiyo ex sifu talking crap now, very sad to see his comment

sorry sifu, i have betrayed you, you are useless..you only come back when the stock is up, most of the people were disappointed with you, you are really tin kosong..

i guess alot of people followed valuemaster in sbccorp/gob and other stock previously are making alot of money

the sleeper has awaken..all in now

rex flewwwww, now time for hibiscus to rideeeeeeeeeeeeeeeeee the waveeeeee to 1.90

hold guys!! SBC is one of the top gem for RHB small cap 2014... you will be rewarded heavily

sab undervalued gem, waiting to be unearthed only, the piece of land next to canalcity is already valued higher than its market cap!!!

guys wake up!

guys, forget about gadang, only another 20% upside the most

LOok at this SAB

Following-up on our previous note dated on 22 Jan 2014, we revise Southern Acids (SAB) fair value from RM7.77 to RM9.20 after adjusting our previous valuation of RM20 psf to RM27 psf (inclusive of land conversion cost) on SAB‟s 644.49 acres in Kota Kemuning, Shah Alam, which is now worth at least RM758m, larger than the company‟s current market capitalization of RM572m. Our new valuation is based on the latest transacted price by Eco World Development which had recently purchased 308.72 acres of land in the vicinity for RM470.6m or RM35 psf. Given its strategic accessibility and freehold land status, we find that SAB should deserve a higher value.

An established name in oleochemical industry... SAB remains primarily an oleochemical player with roots in Klang tracing back to the late 1970s. With an annual capacity of 100,000mt, its trading partners for its palm-based fatty acids and glycerine products are mainly from US, EU, Japan, China, Korea, Middle East and India. The company, which was listed on the Main Market in 1991, eventually diversified into oil palm plantation (8,483ha), healthcare (Sri Kota Specialist Medical Centre in Klang with 232 beds) and dry bulk warehousing and export loading services (capacity: 40,000mt at North Port, Klang). The founders, under a consortium, currently own about 48% followed by Lembaga Tabung Haji, 13%. Plantations dominate the company‟s bottomline, making up 56% followed by oleochemicals 40% while healthcare and warehousing & conveying services contribute the remainder. Interestingly, the company also holds about 4.6% equity in Main Market-listed Paramount Corporation, valued at RM26.2m, based on current market capitalization.

… but has a hidden gem waiting to be unearthed. SAB owns a 644.49-acre freehold plantation estate in Kota Kemuning which currently sits on the balance sheet at RM5 psf. The landbank, which is easily accessible via the Shah Alam-Kemuning Highway and North South Expressway, is adjacent to the RM11bn Bandar Rimbayu project which was launched by IJM Land in 2012. However, management recently indicated that there are no plans to develop the said land in the next 1-2 years, which we estimate could reach up to about RM10bn in GDV if it were to do so.

Solid balance sheet and steady earnings performance. SAB has reported steady earnings growth for the last three years on the back of improved plantation sales contribution while the oleochemicals business remain steady. Besides that, the company‟s balance sheet and operating cash flow are healthy. Its current cash position stands at RM148m with zero borrowings. For the 9mFY14 financial results, the company‟s cumulative core net profit of RM30.4m already accounted for 83% of the Group‟s earnings in FY13. We expect a minimum DPS of 6sen to be announced during the 4QFY14 results next month.

Source: PublicInvest Research - 24 Apr 2014

Following-up on our previous note dated on 22 Jan 2014, we revise Southern Acids (SAB) fair value from RM7.77 to RM9.20 after adjusting our previous valuation of RM20 psf to RM27 psf (inclusive of land conversion cost) on SAB‟s 644.49 acres in Kota Kemuning, Shah Alam, which is now worth at least RM758m, larger than the company‟s current market capitalization of RM572m. Our new valuation is based on the latest transacted price by Eco World Development which had recently purchased 308.72 acres of land in the vicinity for RM470.6m or RM35 psf. Given its strategic accessibility and freehold land status, we find that SAB should deserve a higher value.

An established name in oleochemical industry... SAB remains primarily an oleochemical player with roots in Klang tracing back to the late 1970s. With an annual capacity of 100,000mt, its trading partners for its palm-based fatty acids and glycerine products are mainly from US, EU, Japan, China, Korea, Middle East and India. The company, which was listed on the Main Market in 1991, eventually diversified into oil palm plantation (8,483ha), healthcare (Sri Kota Specialist Medical Centre in Klang with 232 beds) and dry bulk warehousing and export loading services (capacity: 40,000mt at North Port, Klang). The founders, under a consortium, currently own about 48% followed by Lembaga Tabung Haji, 13%. Plantations dominate the company‟s bottomline, making up 56% followed by oleochemicals 40% while healthcare and warehousing & conveying services contribute the remainder. Interestingly, the company also holds about 4.6% equity in Main Market-listed Paramount Corporation, valued at RM26.2m, based on current market capitalization.

… but has a hidden gem waiting to be unearthed. SAB owns a 644.49-acre freehold plantation estate in Kota Kemuning which currently sits on the balance sheet at RM5 psf. The landbank, which is easily accessible via the Shah Alam-Kemuning Highway and North South Expressway, is adjacent to the RM11bn Bandar Rimbayu project which was launched by IJM Land in 2012. However, management recently indicated that there are no plans to develop the said land in the next 1-2 years, which we estimate could reach up to about RM10bn in GDV if it were to do so.

Solid balance sheet and steady earnings performance. SAB has reported steady earnings growth for the last three years on the back of improved plantation sales contribution while the oleochemicals business remain steady. Besides that, the company‟s balance sheet and operating cash flow are healthy. Its current cash position stands at RM148m with zero borrowings. For the 9mFY14 financial results, the company‟s cumulative core net profit of RM30.4m already accounted for 83% of the Group‟s earnings in FY13. We expect a minimum DPS of 6sen to be announced during the 4QFY14 results next month.

Source: PublicInvest Research - 24 Apr 2014

Following-up on our previous note dated on 22 Jan 2014, we revise Southern Acids (SAB) fair value from RM7.77 to RM9.20 after adjusting our previous valuation of RM20 psf to RM27 psf (inclusive of land conversion cost) on SAB‟s 644.49 acres in Kota Kemuning, Shah Alam, which is now worth at least RM758m, larger than the company‟s current market capitalization of RM572m. Our new valuation is based on the latest transacted price by Eco World Development which had recently purchased 308.72 acres of land in the vicinity for RM470.6m or RM35 psf. Given its strategic accessibility and freehold land status, we find that SAB should deserve a higher value.

An established name in oleochemical industry... SAB remains primarily an oleochemical player with roots in Klang tracing back to the late 1970s. With an annual capacity of 100,000mt, its trading partners for its palm-based fatty acids and glycerine products are mainly from US, EU, Japan, China, Korea, Middle East and India. The company, which was listed on the Main Market in 1991, eventually diversified into oil palm plantation (8,483ha), healthcare (Sri Kota Specialist Medical Centre in Klang with 232 beds) and dry bulk warehousing and export loading services (capacity: 40,000mt at North Port, Klang). The founders, under a consortium, currently own about 48% followed by Lembaga Tabung Haji, 13%. Plantations dominate the company‟s bottomline, making up 56% followed by oleochemicals 40% while healthcare and warehousing & conveying services contribute the remainder. Interestingly, the company also holds about 4.6% equity in Main Market-listed Paramount Corporation, valued at RM26.2m, based on current market capitalization.

… but has a hidden gem waiting to be unearthed. SAB owns a 644.49-acre freehold plantation estate in Kota Kemuning which currently sits on the balance sheet at RM5 psf. The landbank, which is easily accessible via the Shah Alam-Kemuning Highway and North South Expressway, is adjacent to the RM11bn Bandar Rimbayu project which was launched by IJM Land in 2012. However, management recently indicated that there are no plans to develop the said land in the next 1-2 years, which we estimate could reach up to about RM10bn in GDV if it were to do so.

Solid balance sheet and steady earnings performance. SAB has reported steady earnings growth for the last three years on the back of improved plantation sales contribution while the oleochemicals business remain steady. Besides that, the company‟s balance sheet and operating cash flow are healthy. Its current cash position stands at RM148m with zero borrowings. For the 9mFY14 financial results, the company‟s cumulative core net profit of RM30.4m already accounted for 83% of the Group‟s earnings in FY13. We expect a minimum DPS of 6sen to be announced during the 4QFY14 results next month.

Source: PublicInvest Research - 24 Apr 2014

PUBLIC research is too conservative la, this potentially worth RM12, should put in your freezer!

valuationfor plantation only 5x? my goodness.. stupid public research, this stock is potentially worth RM12

SOUTHERN ACID TP 9.20 BY PUBLIC RESEARCH, DEEEPLY UNDERVALUED, MY TP FOR THE YEAR RM7

spot on told you guys

sell on news aiks

runnnnnnn?????????? look at scomies, QUEK inveted at 90c, now RM1, just 10%

ALAM invest at 1.35, so TP 1.50, tomorrow run?

price ran up so much already..aiya, forget about it guys

Guys move to TAS, tomorrow might reach RM1.56

game over, quek leng chan don wan scomi he wants alam now...zz

tomorrow super buy call for tas offshore, rhb analyst use pe of 12x on earnings of 13.5c for FY2014, now only 3Q 2014, already made 15c, conservatively full year contribution should be minimum 18c, give a pe of 12x = RM2.16

tomorrow super buy call for tas offshore, rhb analyst use pe of 12x on earnings of 13.5c for FY2014, now only 3Q 2014, already made 15c, conservatively full year contribution should be minimum 18c, give a pe of 12x = RM2.16

tomorrow super buy call for tas offshore, rhb analyst use pe of 12x on earnings of 13.5c for FY2014, now only 3Q 2014, already made 15c, conservatively full year contribution should be minimum 18c, give a pe of 12x = RM2.16

ROCKET LAUNCHING....... 3Q MAKE 15CENTS... 4Q POTENTIAL 20CENTS MEANING NOW ONLY TRADES AT 6X PE, RHB to increase target price to RM2?

smart keladi, hopefully will back up tomorrow, sharks at work currently

ya, buy and put in your portfolio damn undervalued gem

those people still don't want to wake up, i sold all cliq after my friend gave me fake tips and hugged like hell since 38cents, loss like mad, lesson learnt, know who to believe and don't believe in spac !all goreng

HAIH CUT LOSS.. stupid scomi lame company

hello guys why up so much? what is the target? 2.50?

if u reveal their tips, it is no longer tips la..hallo

walao, dont con people please... come on... dont reveal ppl's parking or what, it is not ethical

bone don't angry lar, cover eupe =) minho flying like mad, bone superb

bony, dont angry, cover EUPE please =)

no bone how to fly, guess bone is angry already

bone angry already!!!! sorry bone, i am kidding, dont be angry!

bone, kidding lar haha, you want you write an article on eupe, but don't contra thanks, i will appreciate your article, EUPE RNAV minimum RM3.80, you look at their annual report, you as a property agent, should know how much it is worth!

kkkk i super agree with you, just buy n holdd

wow, really a gamble bet, sold all at 2.5cents haha$

walao bone come kacao!!!!!daarnnn, dont come contra la , this one is a hold counter, gem rnav 3.80 very conservative estimates

conman push... darn this tdm

tomorrow hopefully break 1.15

yes they are super greedy, do roadshow to con fund managers to buy salcon

it has cash 60cents now, wait what guys?

15cents? hahahahha, watch samudra!!!!! nowwwwwwwwwwwwwwwww

silently waking up

moving fast, need to break the wall of 34 cents