FY15Q4 EPS was 1.66 cents and the FY16Q1 EPS announced yesterday was 1.77 cents. Thus the estimated FY16 whole year earning of 1.77 cents X 4 =70.8 cents should be fair. We probably should expect EPS of greater than 71 cents.
majority of profits from property side..yes, correct! but don't forget this is just partial revenue from previous projects and the next few quarters will be more revenue too..their current project at sg long and semenyih are doing very good as well..you can ask those property agent at cheras and they will tell you the fact..hence, next year will be better than now..
they're not like mieco, evergreen, liihen, poh huat, all revenue generated by export sales..their rubberwood market is mainly local; maybe 40% for export..but furniture 90% sales from export..
haha.. many people think property development is bad. but do u realise? the margin they got from the property section is double than the rest of the sections lol
they are taiko in semenyih. which taiko fail in their own territory?
Its debt ratio is 0.43. I can't say it is very good, but not bad. The lower the ratio is, the better it is. For example, the debt ratio of SP Setia is 0.49. I can't say SP Setia is not good. Normally company in expansion may have higher debt ratio. Need more capital for projects, especially property development and new factory built up.
As from the latest earning report: The increase of RM34.9mil in sales is from: * Property sales - RM28mil * increase in boards sales - RM3.2mil * increase in rubberwood furniture export - RM7.3mil
As from the latest earning report: * 2 new property projects will be developed over next 2 years. * JV residential development will be launched in early 2016 * Extra capacity from factory will be operating in early 2016
If you study its price movement since Oct, its pattern is always "up & down", then rebound further to higher price. Sure all stocks have correction. For this stock, good chart is formed as all MAs 20, 50, 100 & 200 are in uptrend mode. I will expect it touches 0.70 before CNY.
SFY To Charge To 64 sen If It Stays Above the 55.5 sen Mark, Says RHB Research Our Reporter few seconds ago Kuala Lumpur : It was a slow day for SYF Resources, but things could start changing soon for the better, as MyBursa understands that the company had an analyst and fund managers meeting yesterday.
It is understood that among the funds that attended the meeting were some of the biggest government linked funds in town. SYF already counts, Norway's Central Bank - Bank of Norges and Insas as some of its strong minority shareholders. The analyst reports should start coming in by today, and it looks like this will be the first time that SYF will be given a rated report, by the research firms.
Elsewhere, on a technical view point, RHB Research says that if SYF stays above the 55.5 sen mark, then "Traders may buy as a bullish bias could be present above this level, with a target price of 64 sen a share."
Building base/support around 0.555-0.56 level. Hope up trend will sustain, as long as myr is keep at this level. This stock is poised for rerating. Have a great weekend everyone! Cheers!
Today's the edge financial daily did an interview with SYF Resources Executive Director. Promise of double digit growth in 2016 & introduce continuos dividend in 2017. This counter is trailing at PE 10.46 compare to other peer/furniture stock which is enjoying PE of 14.6
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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....
Daz Ng
587 posts
Posted by Daz Ng > 2015-12-17 09:15 | Report Abuse
now its time to notice the support level.