AGM insight during the time I attended: 1. Current staff force 3200 2. Medic Tech will launch next year Jan 3. E govt Malaysia they secured few projects 4. Overseas e govt like Zanzibar now is still doing in process. 5. Core profit is healthy. Healthy cash flow and FCF.
Scicom secured 7 eleven, China South Airway. Good sign! so far MAS, Celcom , Lenovo progresses very well. Don't forget they have many clients in Sri Lanka too. Heard Firefly also outsourced to them already.
As far I know. New application is RM1k Scicom shared a portion of RM650. Assuming 39k students x RM650= RM25.4mil We have not yet include other country student. With Low PE and high DY due to recent war. Opportunity in CRISIS!
ROE peak due to tax exempt last time. Now the revenue is picking up only last Q dropped. Because due to transactional volume. We never mentioned about price will go up. We focus on DY as mentioned earlier on. It is good DY with QUARTERLY payout. EPF only give us 5.5 to 6% yearly but SCICOM able to give 2cts quarterly with DY at 7.6% if based on 1.05 ROE will slowly pick up once the new project kick in. We just study the moment DY at 7.6% furthermore the price already dropped from his PEAK at 2.37 with low PE. Downsize risk is minimum and potential upward is higher and based on Kenanaga Research fair value at 1.70 just consider the inflow of China students.
Today just collected at 1.06 with the recent price the DY already at 7.55%. Based on Kenanga Report the fair value is at RM1.70 with the forecast of 9cts DPS FY2024. if 9cts the DY will be at 8.5% Although we see the price moves very slow. But for long term and compounding it is free cost . Happy to know that recently they also engaged with few e govt projects. We hope the pipeline can be materialised in FY2024
DY is higher than EPF. Furthermore consistently payout quarterly without failed. It indicates strong cash flow, zero debt, high ROE&ROA. For me just keep for my retirement. Buy & keep only for passive income.
Dear value investor@79.. if expected growth this year we take min 10%+..We expect yearly EPS @12 cts. Usually the BPO range between 18 to 20 times. if we take 18x12= RM2.16 We may take the max conservative view at RM1.50
True Amily. just a very recent example..My condo at casa kiara only can rent out at RM1.8k to 2k last year,. Sold around 650k last year.. and now I put in Scicom can get average RM4k monthly without worry on tenant, maintenance fees.
it is extremely undervalued co at 1.08 price currently. Usually BPO valuation PE around 20 to 25. Accenture PE is around 25. But Scicom 0099 PE less than 12. Furthermore with high ROE and ROA. ROE @27% zero debit and consistently paid out dividend quarterly since 2006 without failed. Furthermore it is recession proof and free counter.
Their business model is great but if you look into their business segmentation they start bringing in education business already. Heard they already ready for medical apps link between Hospital & Insurance co to expedite the claim etc
2cts per quarter dividend. X 4= 8cts. Total yield 7.5%. Much better than FD&EPF return. Quarterly compounding effect & above all REITS return in Malaysia. Never failed giving out dividend quarterly since 2006. Real cash needed for Dividend means this co is fundamentally strong.