@kankung, their quarter end is 31 Jan, they have to announce it within two months after quarter end which should be around end march. standard market requirement.
SYFRes: It is carving out an expansion strategy to cushion the adverse impact of the cyclical furniture business enabling it to enjoy a stable earnings base.
It is in the midst of executing a small plant strategy in which it will set up wooden board manufacturing plants near to its suppliers to support its core business in the production of finished rubberwood furniture.
The idea for SYFRes is to achieve a resilient and cost efficient business with its four key segments – furniture, timber, boards and property development – contributing 25% each to its annual net profit.
Exports make up about 40% of its revenue, the company hedges part of its foreign exchange exposure to mitigate risks. As a result it would not benefit much as its peers from the weaker ringgit.
Despite that it continues to allocate resources to its property development which it diversified into at end 2011.
SYF’s business strategy has helped it weather tough times in the cyclical furniture industry.
It is still looking out for M&A opportunities in both upstream and downstream operations.
SYF plans to launch its Kiara Plaza mixed use development in Semenyih which has a GDV of rm330 million and Wira Heights landed property (GDV of rm100 million) in Sungai Long in May 2015.
These two projects will contribute to its revenue in FY2016 to FY2017.
Its projects will continue to be mainly in the Semenyih and Sungai Long areas.
It's main raw material is rubber wood and other rubber wood manufacturers evergrn and hevea already fly since the drop in rubber wood price. So hopefully this one next!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 380 views | 2 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11754 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
danet7882
101 posts
Posted by danet7882 > 2015-01-29 09:52 | Report Abuse
no hoper... this share will never go beyond 0.50 and stay