SBC CORPORATION BHD

KLSE (MYR): SBCCORP (5207)

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Last Price

0.36

Today's Change

0.00 (0.00%)

Day's Change

0.355 - 0.36

Trading Volume

67,500


9 people like this.

1,978 comment(s). Last comment by Invest_168 3 weeks ago

sasang

4 posts

Posted by sasang > 2015-07-24 17:46 | Report Abuse

up now/

5percent

225 posts

Posted by 5percent > 2015-08-11 22:02 | Report Abuse

short term is sell, but can buy for long term if you got holding power

hello123

229 posts

Posted by hello123 > 2015-08-17 16:54 | Report Abuse

Jesselton quay is a liar.. Cheated for 2 years and continue cheating

hohoho

74 posts

Posted by hohoho > 2015-08-21 19:32 | Report Abuse

Sabah is not a safety place to stay...because of recently earthquake.

clp72

813 posts

Posted by clp72 > 2015-08-24 08:54 | Report Abuse

honestly, would you launch anything in this current climate? i say keep it under wraps until the markets improves...

chankp7010

614 posts

Posted by chankp7010 > 2015-09-21 07:18 | Report Abuse

During I Cap investors' Day at KLCC yesterday, Ng Kiat Min, CEO of Suria Capital gave a presentation of her Company's operations and performance. Among others, she had informed the audience that Jesselton project in KK is on going. In fact, SBC had paid the first instalment and it was reported as onetime off (non repeat) profit in latest quarter of Suria Capital account. Currently, SBC is pending issuance of strata titles.

Invest123

1,596 posts

Posted by Invest123 > 2015-09-21 20:03 | Report Abuse

Flying soon!

chankp7010

614 posts

Posted by chankp7010 > 2015-09-22 14:56 | Report Abuse

Not that easy. Property Development is now at its doldrum. However, due to strategic location and water front, I believe this Jesselton project can be profitable and uplift SBC /Suria image immensely once it is completed.

Posted by riskabsorber > 2015-09-29 11:12 | Report Abuse

SBC eyes RM200m sales
SBC Corp Bhd is looking to launch projects worth RM500m in gross development value (GDV) and is targeting to achieve between RM150m and RM200m in sales next year. (StarBiz)

Invest123

1,596 posts

Posted by Invest123 > 2015-10-01 16:47 | Report Abuse

time and good reasons to goreng

chankp7010

614 posts

Posted by chankp7010 > 2015-10-02 10:09 | Report Abuse

SBC share price has gradually moving up bit by bit. Buyers must have discerned the deep undervalue of this stock. Once subdivision of titles for Jesselton quay project in KK is completed and launching has been done, then you will notice more buyers will flock to SBC

pclim

26 posts

Posted by pclim > 2015-10-02 11:36 | Report Abuse

dividend of 1.6 sen at this price, not bad at all

Invest123

1,596 posts

Posted by Invest123 > 2015-10-07 19:57 | Report Abuse

1.00 soon

limayseng

2,076 posts

Posted by limayseng > 2015-10-08 13:02 | Report Abuse

No risks no gain....

Kyion

54 posts

Posted by Kyion > 2015-10-09 14:12 | Report Abuse

coming up next

Kyion

54 posts

Posted by Kyion > 2015-10-09 14:12 | Report Abuse

technical buy

Woody

746 posts

Posted by Woody > 2015-10-29 09:48 | Report Abuse

Sbc up today... Must be good news coming...:D

simondino

198 posts

Posted by simondino > 2015-10-29 10:07 | Report Abuse

good news?

Woody

746 posts

Posted by Woody > 2015-10-29 18:08 | Report Abuse

As per chankp7010 said so. :D

red_85

1,259 posts

Posted by red_85 > 2015-10-29 19:43 | Report Abuse

Undervalue ma..based on last 2 qr, it is extremely undervalue..uptrend since 1 months ago

Alan Mu

205 posts

Posted by Alan Mu > 2015-11-19 16:39 | Report Abuse

Why suddenly drop so much?

sedayan

25 posts

Posted by sedayan > 2015-11-22 17:18 | Report Abuse

Sabah security unsafe... Due to good for nothing Islamists, nothing new... They wreck economies every now and then. 9/11, Taliban, ISIS, Syria...

DreamGuardian

1,120 posts

Posted by DreamGuardian > 2015-11-22 17:38 | Report Abuse

slow

Woody

746 posts

Posted by Woody > 2015-11-23 13:23 | Report Abuse

Need to wait for another wave then. :-(

Ant

1,504 posts

Posted by Ant > 2015-11-24 14:54 | Report Abuse

china army is coming to Sabah.

tklim

3,133 posts

Posted by tklim > 2015-11-25 08:26 | Report Abuse

aiyoooo...mati kudasai......

Posted by sapusapu > 2015-11-25 09:21 | Report Abuse

Islamist ahhh... not territorial is it...? i tot they want sabah as part of Philipines / sulu. I tot 9/11 is a conspiracy ? aya... what do I know

Alan Mu

205 posts

Posted by Alan Mu > 2015-11-25 10:54 | Report Abuse

why suddenly fly again? this stock really unpredictable...look like manipulate by big fish

Woody

746 posts

Posted by Woody > 2015-11-25 14:59 | Report Abuse

Yesterday quarterly result out, up 200 percent..

Alan Mu

205 posts

Posted by Alan Mu > 2015-11-25 17:46 | Report Abuse

Haizzzz...also not enough energy to fly...

Woody

746 posts

Posted by Woody > 2015-11-27 15:20 | Report Abuse

I bgt more at this cheap price, wait and hold for next year bonus and dividends. ;o)

Posted by U Tang Tang > 2015-11-27 21:31 | Report Abuse

0.80-0.90 is good price ,if drop below 0.68-76 can sai lang

SJSOON

2,567 posts

Posted by SJSOON > 2015-12-05 00:31 | Report Abuse

This company's cash holding is very tight. It relies on overdraft to support its cash liquidity.

Posted by Venudas Ponnusamy > 2016-01-07 08:00 | Report Abuse

Hi any news in this stock

Posted by kiasu_trader > 2016-01-21 12:27 | Report Abuse

PETALING JAYA: SBC Corporation Bhd, the contractor-turned-developer that has been focusing on the Kota Kinabalu property market over the past decade, is expected to grab the eye of investors, given its rising number of property launches in the Klang Valley in recent years, said CIMB Research analyst Nigel Foo.

"SBC is a household name in Sabah but has a low brand profile in the Klang Valley. But we believe that it is only a matter of time before investors grasp SBC's potential," Foo said in the research report yesterday.

The Bursa Malaysia-listed SBC has a current unbilled sales of RM200 million and should see a major boost by end of this year, he said, mainly from its new project launches, including the Jesselton Quay development and the Kiara East project, both carry a gross development value (GDV) of RM500 million each.

SBC has property projects in both Peninsular and East Malaysia, and is currently working on five property projects, which offer combined GDV of RM6.2 billion over the next 10 years.

"We are particularly excited about the RM1.8 billion Jesselton Quay development, an integrated seafront project in Kota Kinabalu, backed by the Sabah state government," said Foo.

According to him, SBC is now waiting for final approvals from the state government before it launches the first phase of commercial units. The property firm should get the nod soon, he added.

Jesselton Quay is a joint venture between SBC and the local-listed port operator Suria Capital Holdings Bhd. According to a filing with Bursa Malaysia, SBC Corp incorporated Jesselton Quay Properties Sdn. Bhd yesterday.

Commenting on the shares of SBC, Foo said the under-researched small-cap property counter is trading at only 5.6 times of its price-earnings ratio (P/E), as well as a massive discount of 72% to its revalued net asset value (RNAV) of RM6.60 apiece.

However, he opines the discount should narrow as more investors wake up to the potential of SBC's projects in the Klang Valley and Kota Kinabalu, Sabah.

In addition, share price of SBC could be catalysed by the start of the Jesselton Quay JV project.

CIMB Research begin its coverage on SBC with an 'add' rating and a target price of RM3.96.

Among the property stocks under the research house's coverage, Foo highlighted that SBC has the highest GDV/market cap ratio of 21.1 times, followed by Eastern & Oriental Bhd's 16 times.

"We believe that this shows that the stock has potential value to be unlocked," he said.

SJSOON

2,567 posts

Posted by SJSOON > 2016-01-27 23:10 | Report Abuse

Kiasu_trader: thanks for the sharing but it is out of date.

sedayan

25 posts

Posted by sedayan > 2016-01-28 11:43 | Report Abuse

That's last year news...

Posted by kiasu_trader > 2016-01-29 10:46 | Report Abuse

i just wanna highlight in the statement , all production revenue shall pump in this quarter result

heavyth

848 posts

Posted by heavyth > 2016-02-01 10:46 | Report Abuse

kiasu trader what u mean by "all production revenue shall pump in this quarter result" ??

Woody

746 posts

Posted by Woody > 2016-02-04 09:14 | Report Abuse

Thanks kiasu.trader for the update :-)

Muda Fadli

219 posts

Posted by Muda Fadli > 2016-02-04 10:05 | Report Abuse

what happen?

red_85

1,259 posts

Posted by red_85 > 2016-02-04 10:57 | Report Abuse

good news..sapu

Woody

746 posts

Posted by Woody > 2016-02-19 21:55 | Report Abuse

Sbc third Q bor swee, sigh. :-(

sedayan

25 posts

Posted by sedayan > 2016-02-20 03:19 | Report Abuse

wonder when jesselton quay is launched... so close to giving up... any insights anyone?

heavyth

848 posts

Posted by heavyth > 2016-02-22 11:17 | Report Abuse

ask nigel foo

Posted by U Tang Tang > 2016-02-22 21:27 | Report Abuse

死路

sedayan

25 posts

Posted by sedayan > 2016-02-22 22:41 | Report Abuse

what did he say?

limayseng

2,076 posts

Posted by limayseng > 2016-02-23 07:37 | Report Abuse

this is the time to buy coz the risks vs gain r real?

hokwee

950 posts

Posted by hokwee > 2016-02-23 07:46 | Report Abuse

buy before bull run starts.......

Woody

746 posts

Posted by Woody > 2016-02-23 10:24 | Report Abuse

True, buy during low peak, and wait...

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