SUNZEN BIOTECH BHD

KLSE (MYR): SUNZEN (0148)

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Last Price

0.345

Today's Change

-0.005 (1.43%)

Day's Change

0.345 - 0.35

Trading Volume

987,000


5 people like this.

2,141 comment(s). Last comment by Wixson 2 hours ago

hawhaw

177 posts

Posted by hawhaw > 2018-01-08 11:56 | Report Abuse

what happen?suddenly up so much

Russell

241 posts

Posted by Russell > 2018-01-08 12:31 | Report Abuse

maybe due to oil palm export tax suspension

Posted by BountyHunter > 2018-01-08 19:40 | Report Abuse

Salted fish reincarnation?

Posted by Adrian Tiong Meng Wei > 2018-01-27 07:06 | Report Abuse

Congrats duit sifu! Good news ya

noisyboy

417 posts

Posted by noisyboy > 2018-01-29 13:39 | Report Abuse

whats the good news apart from the Ecolite deal?
care to share

noisyboy

417 posts

Posted by noisyboy > 2018-01-29 13:54 | Report Abuse

Abang duit, that's comforting!!!

noisyboy

417 posts

Posted by noisyboy > 2018-02-22 17:16 | Report Abuse

seems like a few people no holding power

Posted by jackyclong > 2018-02-22 17:30 | Report Abuse

What is Sunzen, SUNZEN = MB?

noisyboy

417 posts

Posted by noisyboy > 2018-02-23 15:38 | Report Abuse

thats very true Duit...i am just sitting back and enjoying the show

Russell

241 posts

Posted by Russell > 2018-02-27 18:30 | Report Abuse

Anyone can explain why profit so low but revenue so high

noisyboy

417 posts

Posted by noisyboy > 2018-03-01 09:31 | Report Abuse

Need to see the details report to understand that, not too sure myself

noisyboy

417 posts

Posted by noisyboy > 2018-03-22 15:17 | Report Abuse

someone is desperately trying to press the baby down, 1 lot sold down 40%....

hawhaw

177 posts

Posted by hawhaw > 2018-04-20 16:30 | Report Abuse

look at the report, the profit lower mainly due to inventories and research and development cost written off, professional fee, unrealised foreign exchange loss. But, the year to date result, the group posted a profit before tax of RM 4.01 million compared to a loss before tax of RM0.46 million a year ago. So basically still can be conclude that their business still running on right track. Next quarter result shall able to see better improvement.

Posted by jordanmaggie61 > 2018-04-20 17:47 | Report Abuse

没问题

Russell

241 posts

Posted by Russell > 2018-06-02 16:37 | Report Abuse

QR result bad. Any advice guys? No more Sunzen supporter here?

ezmoney

190 posts

Posted by ezmoney > 2018-06-06 10:51 | Report Abuse

waiting for sifu duit to come back and give advice on Sunzen

Russell

241 posts

Posted by Russell > 2018-06-17 21:10 | Report Abuse

duit already left i3.

Sunzen with new shareholder can up the price? Ecolite acquisition approved for new busines line revenue. Surprised no news around it

bearguy

210 posts

Posted by bearguy > 2018-06-19 12:15 | Report Abuse

sure break 0.20

Posted by newbieofstock > 2018-06-21 12:20 | Report Abuse

Is Sunzen start invest at bird nest business now?

Smallstar

17 posts

Posted by Smallstar > 2018-07-08 16:52 | Report Abuse

Thank you Duit sifu come back to visit sunzen and give a comment. :D

pretty_life

4,810 posts

Posted by pretty_life > 2018-07-09 16:43 | Report Abuse

Duitbwhy Bojio me join together?

pampers

357 posts

Posted by pampers > 2018-07-09 16:44 | Report Abuse

welcome back Duit, please goreng it up, we dont expect 3000% just like HBGLOB, how about 300% for sunzen? hahaha, i know its just a wishful thinking

Smallstar

17 posts

Posted by Smallstar > 2018-07-09 20:34 | Report Abuse

Ok Duit sifu! Please inform us when time is come! Tq! :D

pampers

357 posts

Posted by pampers > 2018-07-09 22:00 | Report Abuse

Duit, 3% a day , 100days will be 300% !!

Smallstar

17 posts

Posted by Smallstar > 2018-07-09 22:30 | Report Abuse

Ok Duit sifu..tq for your guidance~~ :)

ezmoney

190 posts

Posted by ezmoney > 2018-07-10 13:34 | Report Abuse

waa duit sifu back in sunzen..got hope liao la

yoon

10 posts

Posted by yoon > 2018-08-06 20:12 | Report Abuse

Just bought 0.2.

pampers

357 posts

Posted by pampers > 2018-08-10 09:07 | Report Abuse

Hopefully the push for this round can last longer...

Posted by jordanmaggie61 > 2018-08-10 11:29 | Report Abuse

天天提升

Smallstar

17 posts

Posted by Smallstar > 2018-08-10 14:13 | Report Abuse

Any good news coming soon? :)

yoon

10 posts

Posted by yoon > 2018-08-10 16:33 | Report Abuse

Sold 0.25. So happy :)

Russell

241 posts

Posted by Russell > 2018-08-24 22:39 | Report Abuse

back to being profitable!

Russell

241 posts

Posted by Russell > 2018-08-26 17:50 | Report Abuse

palm oil suffering now
Sunzen trying to find new revenue

Russell

241 posts

Posted by Russell > 2018-08-26 19:12 | Report Abuse

high revenue but low profit/incur loss on trading palm oil. What are your thoughts duit?

Alex™

12,593 posts

Posted by Alex™ > 2018-08-26 19:21 | Report Abuse

Funding for myvi 4 tayar...hehe

Alex™

12,593 posts

Posted by Alex™ > 2018-08-26 19:21 | Report Abuse

Can sailang tmr? Will up?

chyeoh1972

1,685 posts

Posted by chyeoh1972 > 2018-08-31 12:53 | Report Abuse

i am still waiting 0.195 to buy back...not buyer not momentum...if can get... will keep for year end divieng

Russell

241 posts

Posted by Russell > 2018-09-24 10:57 | Report Abuse

Dead stock

Posted by 鹅麟依旧≈ 扫地僧 > 2019-01-02 21:59 | Report Abuse

Sunzen.

Please wake up. Don't die so fast

paperplane

21,624 posts

Posted by paperplane > 2019-01-02 22:02 | Report Abuse

Hehe

Posted by 鹅麟依旧≈ 扫地僧 > 2019-01-02 22:03 | Report Abuse

Keep buying.

Give me two years to become Top 50 major shareholder

Posted by 鹅麟依旧≈ 扫地僧 > 2019-01-02 22:15 | Report Abuse

Hope volume come after CPO strong.

Good news from India to cushion CPO price

Posted by 鹅麟依旧≈ 扫地僧 > 2019-01-03 13:48 | Report Abuse

Must not die now.....

Faster wake up.. We are in the HCU wad....

pampers

357 posts

Posted by pampers > 2019-01-03 15:28 | Report Abuse

Duit, WB is a gone case?

Posted by 鹅麟依旧≈ 扫地僧 > 2019-01-03 23:03 | Report Abuse

WB confirm gone case. I lose much at WB also



Sunzen mother just out from HCU. Move to ICU today




Wake. Up pls. Don't die first

4444

1,800 posts

Posted by 4444 > 2019-01-15 03:39 | Report Abuse

QR loss why move?

Posted by PeterNg89 > 2019-01-15 03:52 |

Post removed.Why?

Posted by 鹅麟依旧≈ 扫地僧 > 2019-01-15 10:28 | Report Abuse

Why
















Delete














My









Post

Posted by commonsense > 2019-02-06 08:10 | Report Abuse

Revenue increase significantly since 1Q17 when the company decided to venture into the trading of palm oil products which has since deliver higher revenue compared to the company’s original business of selling animal health products. This has helped increase the company profit to shareholder to RM3.5mil in FY17 from a loss of RM100k in FY16.

Then in mid FY17, management had proposed to diversify the company into the business of Chinese medicine via the acquisition of 70% of Ecolite Biotech for RM12.1mil. This acquisition was supposed to help increase the profit of the group by around RM1.8mil annually. The acquisition was completed in May 2018. However, based on the 3Q18 result, it does not seem that the acquisition had delivered on the expected profit expected by the shareholders. The newly acquired business posted a loss of RM500k in 3Q18.

Please take note, that the core losses in 3Q18 is actually around -RM5mil (after stripping out the gain from negative goodwill of RM3.6mil) and not the reported -RM1.4mil. All of the company’ s divisions fail to report any profit for the quarter.

Given the compression of profit margins seen in 3Q18 for all of the company’s main division (animal health products, palm oil trading and Chinese medicine), investors have to be prepared to see further losses in 4Q18 and potentially in the most part of FY19 as well.

If you are looking to diversify your portfolio outside of Sunzen (due to its weak earnings outlook), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Posted by 鹅麟依旧≈ 扫地僧 > 2019-02-06 18:37 | Report Abuse

Yes. This is the 2019 BaBI action from now on

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