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.
Profit actually increase compare to preceding year corresponding quarter guys. Not many companies could maintain their profits during this challenging quarter.
*Scicom (MSC) Berhad (SCIC MK)* *BUY (maintain) Price Target: RM1.43* *Up/Downside: 17.2% Previous Target (Rating): RM1.33 (BUY)* *Earnings are sequentially weaker, but within expectations* ➢ Scicom’s 9MFY23 core net profit grew by 8% yoy to RM24.7m on the back of higher contribution from the e-services segment. The results were within market and our expectations ➢ 3QFY23 core net profit fell by 22% qoq to RM7.2m due to lower revenue from both the BPO and e-services segments). Nonetheless, management has maintained an interim dividend of 2 sen for 3QFY23, bringing its 9MFY23 DPS to 6 sen (9MFY22: 5.0 sen) ➢ Maintain BUY with higher TP of RM1.43 (from RM1.33) on rolling forward our valuation base to 2024. We continue to like Scicom for its high ROE business model that focuses on digital solutions and e-services, attractive valuation of 12x CY24E PER and CY24E dividend yield of 6.7%
I think scicom benefited quite a bit from currency depreciation.. revenue was down by a huge margin..also noted lately there was cross trades...i.e people buying and selling large volumes of shares at the same time...
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....
HengyuanZai
414 posts
Posted by HengyuanZai > 2023-03-14 17:07 | Report Abuse
unhealthy cash flow, small customer base only, fair value only at 0.8