SYF Resource is the underdog for export counter which yet to discovered by many investor yet. I strongly believed with today's breakout, and couple with the latest quarterly result which expect to release soon, will be a mind blowing figures.
Furthermore, SYF second manufacturing plant in Simpang Pertang is set to commence operation in January 2016. This will set for a major rerating for SYF Resources. Both revenue & profit (top&bottom line) are set to soar in 2016 as ringgit will stay weak against usd.
Eltcap, wait till the expected quarter result out then you will realise that it is undervalue. But provided that the result is very good. Im expecting a mind blowing results.
I heard my friend said it's quarter 1 results coming out soon is fabulous. And that it will kick off its new financial year 2016 and lead it all the way up. Hopefully can hit 80 cents. I also follow him buy a bit.
heard from property agent that they had new housing project at sg long and all units been sold without making any launching.. fabulous! strongly believe their share price will be double up in 2016 as profit from property side will be taking into next coming quarters account..
From MyBursa news: How Top Glove shares react to its earnings today, should give you a good indicator on how SYF Resources Bhd shares will react when the company announces its first quarter results the following day. SYf , a furniture cum chipboard cum property developer, MyBursa was told will report that quarterly revenue had topped the RM100 million mark for the second consecutive quarter and its first quarter per profit could be nearly 50 per cent of 2015 full financial year (which ends in July) pre tax profit RM31.62 million.
As reported earlier, MyBursa had identified SYF as the Next Big Thing (NBT). The stock closed at 51 sen on Monday, but for the stock to really go on a run, it must first break the 55 sen level. Do that, and SYF will do justice to the NBT tag.
As above, it should announce quarter report on 16th or 17th Dec. The profit of this quarter will has nearly 50% of 2015 full financial year. The revenue will be more than RM100mil.
Its resistance is at 0.58 and RSI is 75 now. It seems that there is chance to drop back. With the good quarter result, nobody will know what will happen in the price. I will hold it for longer time.
Particle board section jz started not long ago also growing. They are establishing 2nd plant for particle board at Simpang Pertaing, operating soon in early 2016. Hopefully do well like evergreen, mieco and hevea.
Like the diversified profile: furniture, rubber woods, particleboard, properties. All doing good :)
RSI is 75, overbought. There is chance to drop back. Hope it will not. Overall, all MA20, 50, 100 & 200 are in uuptren mode. Definetely it is a good chart. Worth to keep it for higher return.
SYF Resources' 1Q net profit doubles on higher property development revenue The Edge few seconds ago
KUALA LUMPUR (Dec 16): SYF Resources Bhd's net profit in the first quarter ended Oct 31, 2015 (1QFY15) has doubled year-on-year (y-o-y) to RM10.83 million, from RM5.15 million, mainly on higher revenue from its property development, and improved board sales and rubberwood furniture exports.
The stronger US dollar also boosted its performance, it said in its filing to Bursa Malaysia today.
Its latest quarterly revenue came in 58% higher y-o-y at RM94.92 million, from RM60.04 million.Categories: Latest NewsCorporate
As reported earlier, MyBursa had identified SYF as the Next Big Thing (NBT). The stock closed at 51 sen on Monday, but for the stock to really go on a run, it must first break the 55 sen level. Do that, and SYF will do justice to the NBT tag.
If you are happy on recent quarter announcement then you should wait for end mar result announcement. Profit stay have chance to grow 3x instead of 2x. Got potential to exceed rm 1 in 6 months.
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Posted by Daz Ng > 2015-12-15 20:58 | Report Abuse
SYF Resource is the underdog for export counter which yet to discovered by many investor yet. I strongly believed with today's breakout, and couple with the latest quarterly result which expect to release soon, will be a mind blowing figures.
Furthermore, SYF second manufacturing plant in Simpang Pertang is set to commence operation in January 2016. This will set for a major rerating for SYF Resources. Both revenue & profit (top&bottom line) are set to soar in 2016 as ringgit will stay weak against usd.