guys Sanichi guys not stupid will not let stock fly like Wintoni, VSolar and AsiaBio as all got UMA.....this counter will go up I was wrong few weeks back when I thought will crash luckily I reentered at 0.09 now I will sit and wait to harvest
hey all, after the recent downturn of the market I have created a watchlist of ACE counters which has potential to be played when the downside reverses, which can be expected very soon. I have posted the list on my new facebook page facebook.com/investorzoneklci
please like the page to receive regular updates on how the selected counters perform and any potential entry opportunities
Eric_b7b rest assured,when the mother share is up,the daughter will surely follow.in fact the daughter runs faster than the mother in %.expiry date is farfar away 13/3/2018
yesterday up, is normal pattern for sanichi. Mr Mah 》10% share is not enough for him. now still not a good time invest sanichi. Go for technology share is more better.
It won't break out above .105 and will go back down to .85 Take your profits quickly on Monday morning, otherwise you will end up stuck or with losses.
Sanichi to gain RM40m from maiden property foray Published at 2015-01-20 09:37:01 by The Edge
KUALA LUMPUR: ACE Market-listed Sanichi Technology Bhd is expected to reap a pre-tax gain of RM40 million from its maiden mixed-use property development in Klebang, Melaka, which will be launched in March.
“This is simply by subtracting the project’s GDV (gross development value) and its development cost,” its managing director Datuk Dr Jacky Pang Chow Huat told The Edge Financial Daily in a phone interview yesterday.
Dubbed “Marina Point”, the project features 352 small office/home office (SoHo) units and 120 retail units, with a total GDV of almost RM170 million.
“Showroom units are currently under construction and are expected to be completed by the end of next month,” said Pang, adding that the project will contribute “significantly” to the group’s earnings by 2015/16.
Sanichi, a precision plastic injection mould maker, last year ventured into property development.
For its first financial quarter ended Sept 30, 2014 (1QFY15), Sanichi (fundamental: 1.95; valuation: 1.2) saw its net profit shrink to RM589,000 from RM1.83 million a year ago; while revenue fell 28.2% to RM4.9 million from RM6.82 million in 1QFY14.
Despite a slowing property market, Pang is confident that Marina Point will attract foreign buyers mainly due to lower foreign property ownership barriers in the state and the weaker ringgit.
“I think it is the Klang Valley and Johor Baru (property markets) that are slowing down, not Melaka’s. The minimum entry point for foreign ownership is still RM500,000, and coupled with the weakening ringgit, our property project becomes cheaper for them [foreigners to buy],” he said.
Pang said Sanichi had engaged CBD Properties Sdn Bhd to market the project in Singapore and Hong Kong, forecasting equal ownership from foreign and local buyers at Marina Point Melaka.
Going forward, he said the group is keen on acquiring affordable suburban land around the Klang Valley.
As at Sept 30, 2014, Sanichi’s cash position stood at RM57.4 million.
Apart from land acquisitions, Pang said the money will also serve to expand its plastic business albeit on a segmental basis. He foresees property development will contribute about 80% of Sanichi’s revenue in the future. Pang has been accumulating shares in the group since October last year. As at Jan 6, 2015, he had a 3.28% stake in the group.
“As long as there are people willing to sell, I am willing to buy. Shareholders are confident of the company, so am I,” he said.
The group’s largest shareholder is currently Pelaburan Mara Bhd with a 15.33% stake, followed by Mah Wee Hian @ Mah Siew Kung who owns 10.4%, according to filings with Bursa Malaysia.
Sanichi shares closed up one sen or 11.11% to 10 sen yesterday, with 15.29 million shares transacted, giving it a market capitalisation of RM91.25 million.
This article first appeared in The Edge Financial Daily, on January 20, 2015.
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....
KC53
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Posted by KC53 > 2015-05-15 14:53 | Report Abuse
me 20c oredy chau farfar liau, sori lah fren