One of the sectors allowed to operate during total lock down. MMC's share price has soared. SURIA's share price will rise higher, even more so Sabah is now ruled by a more efficient PBBM!
another thing worth mention is that SURIA is a debt free port company~! cash > borrowing, very insignificant financial cost to be deducted from profits
it's a matter of time people will realised this undervalued company. with NTA of RM3.22 per share... almost like MMC... it's ripe for takeover too. Easily hit above RM2 .
@Nurimran87 I don't quite get your question, the best level? tough question for me, but I try to answer...
while it still not going higher I guess?
or you mean you want to catch when it goes lower? I cannot guess the lowest or low point
try to avoid chase high is better
if I still don't have any share in this company, I will buy any price when the market open tuesday morning (next trading day), but that is just if it is me. (buy at your own risk)
to be honest what I can tell you is that "I think this stock is currently undervalued"
I cannot predict the price movement, I also cannot guarantee that you can earn money investing here
for your extra information, I am just a beginner FA investor myself, I don't have any TA skill or ever learned anything about TA or plan to learn anything about it. Maybe that's why I can't answer thing like entry point. unlike some of the other sifu here
Agreed this stock is worth Rm 3.00 and currently it is a steal at Rm 1.07. This suria port pays very consistent dividend every year even during recession.
MMC might join venture with Sabah government to privatise Suria with Sabah Government 50.5% and MMC 49.5%. MMC's ports will be listed soon at Bursa and the join venture will benefit both parties to develop Sabah port business. Both parties will win in the deal. As a small share holders, we also want to win too. So all must be in win win situation.
Other than Penang Port, other terminals under the MMC banner include Northport (M) Bhd, Port of Tanjung Pelepas Sdn Bhd and Johor Port Bhd. There have also been attempts by MMC in the past to acquire stakes in Sabah Ports Sdn Bhd from Suria Capital Bhd and in Bintulu Port Bhd in Sarawak, but these have not been fruitful.
MMC has been looking to float its port operations for some time now. However, with its ports and logistics segment contributing more than 72% of revenue and more than 90% of profits before tax and zakat in FY2020, there could be issues with its listing status following a flotation of the port business. So, the privatisation of MMC is in progress now.
Suria financial position is similar to MMC where revenue and profits are majority from port operation. MMC will only interest in Suria's port operation and want to grow the port operation together with Sabah state goverbment. So, privatisation of the company is the one of the venue for them to work together, and get most of the benefit from the deal.
MMC will be more interested to work with Sabah ports instead of Bintulu Port. Logistic wise, Sabah ports are very good location to serve East Asia countries and will be good as transhipment port for the region. Existing management might not in the capacity to expand the operation and definately has to bring in partner to develop and grow the business.
HARBOUR NTA only 1.12 but price chasing up with SURIA already, MMC when below RM1.20 people reluctant to buy, now offered RM2 privatization and traded at RM1.80 above
while HARBOUR's price is moving up, SURIA should move even further up, SURIA is moving slower behind HARBOUR as of today, hopefully will chase up tomorrow
the most underrated logistics company in bursa should be SURIA
much better EPS compare to Harbour at it's peak before pandemic kicks in, huge NTA discount, NTA is almost 3x the price still much better DY than Harbour even at it's weak performance year of 2020 cash > borrowing, very insignificant financial cost to be deducted from profits (much better debt position than Harbour)
These few days, I noticed share price slowly pushinh up notoficably ..volume also started to rise..it looks like this stock finally wake up.
If u believe this is a good stock, now may be the last time to collect. Franky speaking i collect this share because Icap Bhd has this share in its portfolio.
For the year 2020 under review, Sabah Ports’ total container volume was down by 5.8% to 357,416 Twenty-Foot Equivalent Units (TEUs) from 379,384 TEUs in the preceding year. Sapangar Bay Container Port handled 71.2% of the overall TEUs, a decrease of 4.7% at 254,630 TEUs in 2020 compared to 267,094 TEUs in 2019.
Sapangar Bay Container Port (SBCP) Expansion - The tender exercise for the proposed expansion of SBCP has been completed. The project is funded by the Federal Government and implemented by the Sabah Economic Development and Investment Authority (SEDIA). It is expected that the tender will be awarded to the successful tenderer within the second quarter of 2021. Upon completion of the SBCP expansion, Sabah Ports shall invest in port equipment / superstructures to complement the increase in the handling capacity from the current 500,000 TEUs to 1.25 million TEUs. The project was awarded to WCT JV with CCCC on 9/7/2021 with the cost of Rm900 Millions and the completion will be at Feb, 2025. The containers handled at year 2020 was only 0.25 million TEUs and the capacity from current 0.5 million TEUs will increase to 1.25 million TEUs, the company foreseen to expanse into regional transition hub for the region. Present management of Suria might not capable to handle the business and privatisation to bring in business partner will be possible.
Sapangar Bay Conventional Cargo Terminal (SBCCT) The development of SBCCT is currently at the planning stage. Upon completion, the general cargo operations at the Kota Kinabalu Port will be relocated to SBCCT to make way for the development of an international cruise terminal supplemented with related commercial realties. This SBCCT project is expected to take three (3) years to complete( also at year 2025 ).
Suria Capital Holdings Berhad is an investment holding company. The Company is engaged in the business of property development. The Company operates in five segments: Investment holding, which includes investment in deposits and investment securities for interest, dividend and investment income; Property development, which includes the development of residential and commercial properties; Port operations, which include the provision and maintenance of port services and facilities, the regulation and control of the management of ports, distribution of port cargo handling equipment and related spare parts, and provision of equipment maintenance services; Logistics and bunkering, which includes the provision of bunkering and related services, and Contract and engineering, and ferry terminal operations, which include construction contractor, provision of project management, technical support services and operation of ferry terminal. It provides port services and facilities in Sabah.The company was incorporated in 1983 and is based in Kota Kinabalu, Malaysia.
@ CASH & SHORT TERM INVESTMENT RM 129.3 MILLION
+ Receivables RM 111.6 MILLION
- DEBTS RM 13 MILLION
= NETT CASH RM 227.9 MILLION
@ LONG TERM & OTHER ASSESTS RM 1.1 BILLION
@ PE 9 ( 3 /9/2021 )
@ NTA RM 3.27
@ EPS 12.19
@ ROCE 3.5 % ( LAST YEAR ) / 6.1 % ( 3 YEARS AGO )
@ SHARE PRICE LOWEST RM 0.53 YEAR 2009 / HIGHEST RM 5.67 YEAR 1997
@ DIV LAST 5 YRS 2.97% -5.41%
@ MARKET CAP RM 390.8 MILLION
@ SHARES ( MIL ) 345.82
@ Year 2016 revenue RM 228.2 million * profit RM 63.7 million
@ Year 2017 revenue RM 332.7 million * profit RM 48.9 million
@ Year 2018 revenue RM 400.5 million * profit RM 53 million
@ Year 2019 revenue RM 275.2 million* profit RM 52.2 million
@ Year 2020 revenue RM 225.4 million * profit RM 32.7 million
#Dislaimer : Not a buy or sell call.Trade at your own risk . For investment advice kindly refer to your investment bank or your remisier.Thank you.
Top 23 shareholders own 70.12% of Suria Capital Holdings Berhad
Warisan Harta Sabah Sdn Bhd 47.06% Urusharta Jamaah Sdn Bhd 4.09% Yayasan Sabah Group, Endowment Arm 3.67% Capital Dynamics Asset Management Sdn Bhd 3.47% Teck Siong Siaw 1.55% Heng Ming Cheam 1.35% DBS Group Holdings Limited, Asset Management Arm 1.09% Chon Shuan Wong 1.08% Credit Suisse, Investment Banking and Securities Investments 1.02% Pei Tiam Lim 0.87% Boon Seng Tan 0.71% Bee Lian Khoo 0.59% Kuan Gin Lim 0.59% Ah Tu Yeoh 0.58% Sai Mun Chee 0.42% Kuan Eng Lim 0.39% See Tiau Eng 0.34% Ah Tim Wong 0.29% Chee Cheong Liew 0.29% Dimensional Fund Advisors L.P. 0.29% Kian Lang Teh 0.26% Kiat Ng 0.11% Faisyal Bin Datuk Yusof Hamdain Diego 0.0069%
Investortrader88, I didn't seen Urusharta Jemaah Sdn Bhd in the top 30 shareholders at annual report 2020. It was three years ago when Lembaga Tabuan Haji transferred the share to treasury and in the hand of Urusharta. The share 9.3% was splitted into 3 funds and completely sold off to the the market at last year when the price of share dropped heavily. Your figure Urusharta owned 4.09% again, which means that the company buy back again? Or possibility that something good going to happen????
Thanks. Urusharta had sold off all his share some time last year April/May,2020. Now should be empty. All except Urusharta, holding date was 27/4/2021 as report, only Urusharta on 24/4/2020. The reported figure was based on top 30 shareholders, others small account was not included.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
SHUECHABOO
71 posts
Posted by SHUECHABOO > 2021-06-03 12:54 | Report Abuse
One of the sectors allowed to operate during total lock down. MMC's share price has soared. SURIA's share price will rise higher, even more so Sabah is now ruled by a more efficient PBBM!