As predicted, ppl sell on rumor/result. Investor will keep top up when ppl selling their stock during result announcement. This stock will continue enjoy good run at least for next 4 mths ( RM 0.8 to RM 1.0 ) Next qtr result have strong potential of 3X profit grow.
Kuala Lumpur : SYF Resources, broke two barriers today, first the 58 sen hurdle and then the 60 sen level.
The research reports on SYF's analyst briefing is not out yet, and hence there is momentum left for this stock to move closer to 70 sen before it takes a break.
SYF will need one more quarter of strong growth if funds are to buy in. With that, there options to do some form of corporate exercise, perhaps even a bonus issue, if the stock can climb up to RM1 a share.
Do that, and before 2016 is over, we might be looking at a SYF with a market capitalization of RM1 billion, and value and wealth creation for its shareholders. It is still early days, but MyBursa's next big thing have more than a fair chance of being one of the top stocks in the first 5 months of 2016.
If EPF and other fund are confirm to invest in SYF, even value cap might be one of them. Im sure bonus issue will be the part of the attracting offer to Fund Manager. So bonus issue in 2016 & 2017 implement of dividend policy for SYF.
So when is the righ time for bonus issue? For me personally, its January 2016. End of December which is now = window dressing, so this is the best opportunity to invite Fund Manager and there are project which worth rm500mil to launch in 2016. The Best time to launch a project from marketing point of view is during Chinese New Year. The easiest way to gather crowd with festive season mood.
salted fish@ r u sure that hevea (your favorite stock), evergreen, mieco, they r totally not using China made machinery?? ur electronic equipments r nt made in china? funny u r!
Friends, this counter barely started the show. Stay tune and hold this counter tight for at least next 6 months as long as usd > 4. This counter can give you 50%-100% gain. You hardly find a stock with solid yoy rev and profit grow. Epically coming quarter had 3X profit grow potential
yeah. i think profit is quite likely given prospects in next 12 mths. the question is how much profit. looking at the historical financial of the company, i'm impressed by how they turnaround in the past 2 years. have not studied the financials in detail or what they did to turnaround but this is on the surface observation
Hi everyone. I did a little analysis on SYF. On a conservative basis, it seems that for px to hit RM1.00, the next FYE 2016 needs to be at least RM50mil net profit (2x of last FYE)
FYE 2015 - EPS - 4.0 sen FYE 2016 - EPS - est 8.0 sen - RM1.00 / 8 sen - 12.5x PE
The question is, is this achievable? Definitely not from Rubberwood and Particle Board but possible from property dev
Rubberwood is stable and seems to be quite ok in Q1 (profit RM5mil). Assume it continues and whole year profit is RM18mil from this division
Particle Board is fast growing and will grow more with the new capacity expansion. Good thing is that alot of the set up costs has been spent last year and hopefully less of these costs in FYE 2016. Q1 profit was about rm1.0mi. Assume whole year profit is RM4 mil for this division
Now for property development. In The Edge article, it was stated that total GDV is RM500mil over next 3 years. SYF currently has 4 ongoing projects - Kiara Plaza, Wira Heights 3, Lavender Residence, and Semenyih Hi-Tech 7. (based on the estimated value of these projects, it should be alot higher than RM500mil)
Out of these 4, Kiara Plaza (est GDV RM364mil) and Wira Heights 3 (est GDV RM76mil) is supposed to be COMPLETED by end 2017. This means that a total GDV value of RM440mil is to be recognised in 2016 and 2017.
Assuming that 50% of that GDV managed to be recognised in FYE 2016, that translates to revenue of RM220 mil, and with net profit estimate at 18% margin, that translates to profit of RM39.6 million.
This ties in with the statement that SYF wants to start a dividend policy in 2017, which means they are expecting cash from these projects to pay off loans while its other biz division improve operating cash.
So estimated profits for FYE 2016 Rubberwood - RM18mil Particle Board - RM4mil Prop Dev - RM39.6 mil Total RM61.6 mil less tax of RM13.6mil (approx 22%) = RM48 million EPS = RM48 mil / 611mil shares = 7.86 sen
Of course arriving at this depends on many many factors and things could go wrong or be delayed. But hopefully it will stay on course and the company achieves these targets.
These are all estimation from public info. Would love to hear your thoughts on this and if anyone has any special insights into syf, would appreciate it :)
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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....
itlim67
173 posts
Posted by itlim67 > 2015-12-21 18:25 | Report Abuse
1.00 hehehe...