Posted by SCM2023 > 2024-03-01 19:26 | Report Abuse

Is wonderful that i am able to clear all my position in this unmovable counter before QR is out. Hope it can make you all rich but i need to move on to other better companies. Doubt it will has any chances of moving higher. Row row row your boat. Gently down the stream.
Merrily, merrily, merrily, merrily. Moving up is but a dream.

Posted by RX350 > 2024-03-15 22:20 | Report Abuse

Day day shares buy back but price moving down

Posted by SCM2023 > 2024-03-25 09:55 | Report Abuse

The price is either stagnant or move up slight then move downward

Posted by speakup > 2024-03-25 10:26 | Report Abuse

You guys still here?

Posted by shawn88 > 2024-05-09 23:11 | Report Abuse

Price can move?

Posted by GregBursa > 2024-05-10 15:53 | Report Abuse

Finally found a video cover this stock https://youtu.be/ewtuxbyPjuU?si=kt5Yp-8YC1t2OINZ

Posted by katara > 2024-05-13 13:21 | Report Abuse

moving ..

Posted by Rose001 > 2024-05-20 17:16 |

Post removed.Why?

Posted by SincereStock > 2024-05-29 09:05 | Report Abuse

bought a few at 0.685 this morning, switching to here with some of cash unlocked from HARBOUR. disappointed with QR there. moving here as I notice price still lagging behind comparatively in recent movement. hopefully this counter QR can deliver better

Posted by SincereStock > 2024-05-29 10:06 | Report Abuse

top up a few more between 0.665 & 0.675. at current price, the expectation for next QR is relatively low as compared to HARBOUR. a mere 2 EPS can easily support current price while freight rate remains high.

for being direct competitor of HARBOUR, SYGROUP also has a good chance at performing beyond expectation this QR while HARBOUR performance is a little bit lackluster.

most importantly market price wise, SYGROUP is approximately just RM1.35 (RM0.675 x2) in compare to HARBOUR's RM1.60. "assuming HARBOUR fundamental instrinsic value is twice higher than SYGROUP"

Posted by SincereStock > 2024-05-29 10:07 | Report Abuse

hopefully I am right for giving SYGROUP a second chance after costing me a minor paper loss last QR

Posted by SincereStock > 2024-05-30 18:09 | Report Abuse

sygroup QR, within my lower expectation, better than harbour in comparatively as sygroup is only RM1.38 (RM6.90 x2) in comparative with harbour's RM1.60, assuming harbour worth only 2x the value per share of sygroup

Posted by SincereStock > 2024-05-30 18:09 | Report Abuse

will top up more sygroup if price go down, at the same time won't buy back more harbour unless harbour price go down significantly to sygroup level

Posted by SincereStock > 2024-05-30 18:09 | Report Abuse

also, with about the same revenue, SYGROUP profit margin is significantly better than harbour

Posted by Firefighter > 2024-05-30 21:16 | Report Abuse

https://www.channelnewsasia.com/singapore/shipping-delays-freight-rates-containers-ports-asia-singapore-congestion-e-commerce-4371021

Posted by Firefighter > 2024-05-31 09:04 | Report Abuse

https://www.wtagroup.com/news/why-are-freight-rates-surging-again-in-may-2024

Posted by Firefighter > 2024-05-31 09:05 | Report Abuse

Don't expect sygroup to have a correction - the current price is too cheap!!

Posted by SincereStock > 2024-05-31 09:58 | Report Abuse

topped up a few more at 0.680

Posted by shawn88 > 2024-05-31 17:38 | Report Abuse

SYGROUP or harbour?

Posted by SincereStock > 2024-06-01 12:21 | Report Abuse

@shawn88 I just switched to SYGROUP here from HARBOUR. and fyi HARBOUR also just turned non syariah complaince 31 may 2024

Posted by SincereStock > 2024-06-02 10:48 | Report Abuse

https://www.facebook.com/photo/?fbid=847642980730326&set=a.593204249507535

#红海危机 开始波及亚洲航运市场！
#南洋商报

Posted by SincereStock > 2024-06-02 10:50 | Report Abuse

freight rate up by 40% according to the news

Posted by SincereStock > 2024-06-07 10:55 | Report Abuse

sold a few sygroup to lock profit at 0.765 (7 june 2024 10.50am)

Posted by SincereStock > 2024-06-07 11:31 | Report Abuse

sold a little more sygroup to lock profit at 0.775, still got more than half left (7 june 2024 11.30am)

Posted by Firefighter > 2024-06-08 21:23 | Report Abuse

Run, run, run

Posted by speakup > 2024-06-09 09:10 | Report Abuse

run to broker to buy more?

Posted by DividendGuy67 > 2024-06-09 18:56 | Report Abuse

@SincereStock, nice trading.
Looking at this specific company for the first time. It's clearly a cyclical stock with most earnings from shipping and recently from shipbuilding. Have at least 2-3 really great years since 2021, able to turn around net debt to net cash, and started paying annual dividends twice. But cyclical also means eventually, shipping rates will turn down one day and the net cash will disappear and revert back to net debt if they don't manage well - we are talking over years. Worst fears during Covid pandemic, when it's Net Debt ballooned and share price dropped to a low 12 sen. Company has been buying back stocks up to 69.5 sen. unclear if company plans to buy back at 70 sen+ or not. I think releasing half at 76.5-77.5 sen looks right to reduce risk.
Longer term, no of vessels are reducing, so, the company doesn't think the good shipping rates will last longer than a few years and probably waiting for rates to eventually come down and then buy more vessels at the cycle low. This is normal shipping strategy to not chase but anticipate cycles.
I won't chase for sure. But it's in my radar screen for dips and cycle lows in the future coming years.

Posted by DividendGuy67 > 2024-06-09 19:02 | Report Abuse

On paper, it's clear to me, management quality is superior - rates B+ or A-. Family owned business, founders 3 brothers + 1 sister age 60-71 i.e. they won't be around forever. Succession already in place with son age 42 sitting in the board. Just remember, business is cyclical over years. Just remember - despite good management, this stock can crash down to as low as 12 sen during Covid pandemic lockdowns / recession. This is not a Buy and Hold stock, don't buy it for the dividends, don't own it for its Net Cash.

Posted by daretocutandchange > 2024-06-09 20:59 | Report Abuse

same boss as sop

Posted by SincereStock > 2024-06-10 11:27 | Report Abuse

@DividendGuy67 nice insights

Posted by speakup > 2024-06-10 15:44 | Report Abuse

Smart money buy 60sen
Retailers rebut buy 80sen

Posted by SincereStock > 2024-06-11 13:28 | Report Abuse

sygroup going to correlate with harbour at 1 : 2

Posted by pang72 > 2024-06-11 14:15 | Report Abuse

Speakup sifu, smart money bought 30c not 60c la...

Posted by pang72 > 2024-06-11 14:20 | Report Abuse

Anywhere, smart or not smart...
If a taikon bought 80c @ 1mils shares sold 84.5c earns $45k a day..
A smart person bought 60c@20,000 shares sold 84.5c earns $4.9k

So..... Smart or not smart in every different sencerio different outcome!

Posted by pang72 > 2024-06-11 14:21 | Report Abuse

As long as you warn money consistently and lost in control..
You shld be good in long run..

My learning after covid...

Posted by SincereStock > 2024-06-11 15:08 | Report Abuse

@pang72 I think what speakup meant was if a retailer don't buy when the price is cheaper, why chase only price goes higher? basically, those are what technical traders usually do. not fundamental traders

if you are not interested in a counter when it is cheaper, you not suppose to be interested in the same counter at more expensive price. assuming it's fundamental didn't change but only price changes

Posted by SincereStock > 2024-06-11 15:20 | Report Abuse

nevertheless, as opposed to speakup suggestion to bought in at 0.60, I would suggest bought in price at 0.685+ after the latest QR announcement, in corresponding of it's fundamental catching up with harbour but it's price hasn't reflected in correlation with harbour.

if you notice today movement between this 2 counters, you will notice strong correlation between the two, refering to near 2.48pm when both starting to dip at the same time. however, it is also proven that at this stage, sygroup is stronger and resisted better than harbour

Posted by pang72 > 2024-06-11 21:26 | Report Abuse

Sincerestock,
Thanks for advise.
Your approach more favour to me that I keep an eye on SYGROUP after QR out with commendable 3c.
It is a buy like you say. Good!

Posted by SincereStock > 2024-06-12 10:37 | Report Abuse

sold a few sygroup to lock profit at 0.775, less than half left (12 june 2024 9.19am)

decided to reduce my stacks in logistic due to red sea creasefire agreement. besides, as i predicted sygroup : harbour price are getting closer into 1 : 2. too bad that it is due to harbour lowering down to sygroup, instead of sygroup chasing up to harbour

Posted by shawn88 > 2024-06-19 11:58 | Report Abuse

They continue share buy back.. no idea

Posted by katara > 2024-06-19 16:32 | Report Abuse

steady .. even market red ..

Posted by katara > 2024-06-21 09:48 | Report Abuse

keep sbb..

Posted by SincereStock > 2024-06-28 15:42 | Report Abuse

top up a few sygroup at 0.760 (28 june 2024, 3.40pm). it's next QR maybe better due to higher local freight rate

Posted by shawn88 > 2024-07-04 11:30 | Report Abuse

Possible 0.90?

Posted by SincereStock > 2024-07-04 11:44 | Report Abuse

sold a few sygroup at 0.835 (04 july 2024, 10.51am), still got a few left

Posted by SincereStock > 2024-07-04 14:16 | Report Abuse

SincereStock

sygroup going to correlate with harbour at 1 : 2

3 weeks ago

happening already now, sygroup has now overtaken harbour price in term of 1 : 2 ratio. with sygroup rally higher to 0.830 from 0.70, while harbour remain stagnant at 1.6 level

Posted by SincereStock > 2024-07-04 14:21 | Report Abuse

no more free gap meat now at sygroup, but now let's see if both counters can rally higher towards respective's NTA

Posted by SCM2023 > 2024-07-05 10:36 | Report Abuse

Watch this video but is about a month ago video https://youtu.be/ewtuxbyPjuU?si=lIVYvJmOBJLZZZWV

Posted by SincereStock > 2024-07-05 15:32 | Report Abuse

top up a few sygroup at 0.790 (05 july 2024, 3.32pm), bought back those I sold yesterday at 0.835

Posted by BemyAdm1n > 2024-07-09 12:11 | Report Abuse

Price is in wave 5 elliot wave.

Target is another 10 cent.
Updated full trading plan for client. Find me on tele