1⃣ With a steady earnings stream from its BPO business & growing recurring earnings from its EMGS contract. 2⃣ expect earnings growth to continue on an upward trajectory. Contribution from EMGS Phase 2 should become more meaningful in the subsequent quarters & particularly 1QFY16 when the main intake commences in Sept for the public universities. 3⃣ On top of improving cash flows, and minimal capex given its asset-light model, 2015-17E dividend yields at 3.6-3.9% are also compelling. http://fatta888.blogspot.com/2015/08/scicom-0099.html
Sorry for being away for a while - Things are looking good for Scicom still. Think Scicom can still grow at least 30% in FY16, which will translate into eps of around 13 sen. At CIMB's type of valuation which is 21.6x CY16 PER..we are looking toward TP of RM2.80++. At 4.5% yield, still a very good company to hold...
I dont have any new info on MAS training contract. In any case, there is just for one year and not the core business of the company. If the core business can grow at 30% p.a., I wont worry too much about the one off contract - pure icing on the cake!
As far as i know, nothing much has progress other than having 1-2 thousand MAS staffs 'registered' - this however does not mean the training has started or the earnings has starrting to come in. Sept/Oct will be crucial as new student intakes is starting....
Yes..manage to collect some @ 180. Not much update..as far as I know, business is running well. There could be a couple of new contracts coming but not sure of the size - not in Malaysia, I think IndoChina and Sri Lanka.
1) Investors will be now assured of investment in and out of respective country. More investment, more opportunity;
2) Tariff of US, Canada, Japan, Mexico, etc, will be lowered or non-existent, this includes majority of product & services, e.g. : medicine (though generic drugs are not), entertainment, books, educations, etc.
3) More export for export oriented industry (but not resource based industry), companies that are currently benefiting from the windfall of falling Ringgit is going to benefit more;
4) The price of auto is expected to be falling, though gradually, due to competition from US auto maker. Japan auto maker already benefiting from past free trade agreement between Malaysia and Japan. It is foreseeable that same effect applies, though gradually;
5) Food stuff expected to be cheaper, since most cereals product are from US and Canada. Although such cost passed on might not be materialised due to merely limited to raw material.
6) Business Processing Outsource is set to be a winner. More outsourcing expected and Malaysia has the right skill and manpower pool to gain from it.
7) Travelling industry will now benefit, due to being recognised as a premier partner of US in the pacific region.
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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....
cch1975
289 posts
Posted by cch1975 > 2015-08-27 17:34 | Report Abuse
Mas staff ?