0.075, before conso, actually sanichi now actual price is only 0.0187 if you divided four 0.0187 at today price is more lower than many china penny stock lower than maxwell which under pn17 counters so Mara is sleeping , sanichi every qr keep matain net profit and fa keep growth also meaningless so this is a good counter ? I also abit not sure now last time I very like sanichi because keep growth counter , Mara supports seem got future , potential is powerful
Play progressive contra you are going to make money, Angie I told you so many time do not subscribe the RI why you never listen? if you sold the mother shares and buy back now you make at least double.
never listen to people same boat with you because those are idiots, otherwise they should have made a lot of money. But they lost more than you. including the moron who tried to be smart.
Manufacturing, property development set to boost Sanichi Technology’s profit BorneopostSat, Sep 03, 2016
KUALA LUMPUR: Sanichi Technology Bhd’s manufacturing and property development activities are set to boost its topline and profitability going forward.
Research house SJ Securities Sdn Bhd sees enough positive in the company to give it an overweight rating, which means the capital appreciation and dividends of the stock is expected to exceed 15 per cent over 12 months.
In its research report dated Aug 29, on Sanichi, SJ Securities also had a target price of 14 sen with an estimated financial year ended June 30, 2017 Earning Per Share of 1.74 sen and forward Price Earnings Ratio of eight times.
The 14 sen target price is a potential upside of 75 per cent against a market price of eight sen.
If SJ Securities is right, it means the shares have hit bottom and is now set to rebound after having a difficult past few years.
SJ Securities expects Sanichi’s revenue to jump by a staggering 171.26 per cent to RM116.1 million in the financial year ending June 30, 2018, from RM42.84 million in financial year 2015.
However, the Group’s revenue fell to RM 36.705 million for the year ended June 30, 2016, representing a decrease of about 14 per cent as compared to the preceding corresponding period.
Sanichi explained that the main reason for the Group’s lower revenue performance for the year was mainly due to higher gross margin requirements as part of project selection for the mould business segment as compared to the preceding year.
Still, the Group achieved a pre-tax profit and after tax profit of RM6.972 million and RM 3.942 respectively for the financial year 2016, which is higher compared to RM2.190 million and RM 2.990 million respectively for the preceding financial year 2015.
In the SJ Securities research report, the broking house anticipated impressive growth for Sanichi over the next couple of years, weighing on sustainable demand for plastic injection mould and additional contribution from the property segment.
The report also pointed out that at eight sen a piece, Sanichi is trading at 187.5 per cent below its Net Tangible Asset value per share of 23 sen.
In the Financial Overview, the research house found that Sanichi’s top line (or revenue) soared 91.1 per cent to RM42.84 million in financial year 2015, from RM22.41 million in financial year 2014 .
Sanichi’s revenue escalated at 114.6 per cent three-year CAGR from year 2013, when the Group returned to the black.
Sanichi had a net cash position in financial year 2015, mainly attributable to the substantial repayment of its borrowings.
As at FY15, it had only RM2.17 million of unsecured restructured term loans, after settling RM8.70 million restructured term loans.
The net cash reserve of Sanichi stood at RM17.3 million as of the third quarter of financial year 2016, and is set to increase again after its recent renounceable rights issue which was successfully completed on July 29, 2016 and raised RM62.95 million.
However, Sanichi has no plans yet about rewarding shareholders with a dividend.
“We don’t have any plans for a dividend at the moment. But we will consider next year our profit target, and the board of directors will also look at paying the dividend to shareholders,” said Chief Executive Officer Datuk Seri Jacky Phang.
Sanichi has two business segments, the first being a manufacturer of precision plastic injection moulds and also design and fabricate precision moulds and tooling.
Its products range from cosmetic parts for vacuum cleaner, washing machines, refrigerators, printers, air-conditioners, medical equipment and others) to mechanical parts (pulley motors, gears, bearings, feed rollers and clampers among others.
Sanichi has a portfolio of 110 customers, comprising both local and foreign corporations spanning across various industries and its big clients include BMW, Audi, Mercedes, Toshiba, Panasonic and Hitachi among others.
The automotive sub-segment is currently the largest revenue contributor.
Sanichi is also multi-national company with a presence in China, Germany, France, Indonesia, Japan, Mexico, Singapore, Spain, Thailand and Vietnam.
Sanichi’s manufacturing segment has 130,000 sq ft manufacturing facilities with a 40,000 sq ft built-up area and an annual capacity of 240 moulds at a value of RM21.6 million.
The maximum plastic injection mould size is able to cater up to 1,600 tonne injection (20 tonne for mould weight).
As it is running at 100 per cent capacity and to cater to the excess demand, Sanichi is building a new factory which aims to double its operational capability by year-end.
In 2014, Sanichi ventured into a second segment, namely property investment and development.
Sanichi is planning to officially launch its maiden project, Marina Point in the second half of 2016.
This RM197 million Gross Development Value (GDV) project is a freehold mixed development located in Klebang, Malacca, over 93,34
SJ report is very positive on sanichi but today market discounted. Sanichi needs to perform after their rights. everybody eyes the property segment ( hopefully brings the much needed cheer ) to the shareholders
Sanichi is simply the best provided you bought at low low cost such as 7.5 and below. if your cost is > 14 cts average then i can only say sorry, you need to wait for a life time in order to make money.
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