Posted by Barbarian > 2014-06-19 01:43 | Report Abuse

Leng chai ler.......

Posted by bocca ngilerrr > 2014-06-20 15:10 | Report Abuse

wating at 1.23....sure can get

Posted by 林俊松 > 2014-06-20 23:55 | Report Abuse

Buy MESB is better than SYF, same chart pattern but MESB having better PE ratio, earnings & higher NTA value~

Posted by rosetan > 2014-06-22 21:07 | Report Abuse

http://www.nst.com.my/node/4753

Posted by bocca ngilerrr > 2014-06-23 21:55 | Report Abuse

SYF ada power

Posted by sklyte > 2014-06-26 15:40 | Report Abuse

looks like game over...thong kok kee manipulated

Posted by dalpinia > 2014-06-27 21:44 | Report Abuse

Buy call....going to double to rm2.4 as goreng by insas very soon

Posted by conan > 2014-06-27 23:40 | Report Abuse

Why saying will double, anything to support the theory??????

Posted by kfui > 2014-06-27 23:50 | Report Abuse

PROPOSED PRIVATE PLACEMENT OF UP TO 28,517,200 NEW ORDINARY SHARES OF RM0.25 EACH IN SYF TO INDEPENDENT THIRD PARTY INVESTORS TO BE IDENTIFIED

On behalf of the Board of Directors of SYF, M&A Securities Sdn Bhd wishes to announce that the Company proposes to implement a private placement of up to 28,517,200 new ordinary shares of RM0.25 each in SYF to independent third party investors to be identified at a later date.

Further information on the Proposed Private Placement is disclosed in the attachment herein.

This announcement is dated 27 June 2014.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1670313

Posted by conan > 2014-07-03 16:00 | Report Abuse

what i the TP for this share???? any idea

Posted by Kevin Khoo > 2014-07-03 22:26 | Report Abuse

cross 1.27 with volume then will be good show ^^

Posted by conan > 2014-07-04 00:10 | Report Abuse

Hi sklyte, why u say dato thong manipulated?????

Posted by mahorse > 2014-07-07 21:23 | Report Abuse

With the improving Europe and US markets, which furniture stocks have not yet moved and have potential

Posted by mahorse > 2014-07-07 21:24 | Report Abuse

With the improving Europe and US markets, which furniture stocks have not yet moved and have potential

Posted by sifuexperience > 2014-07-08 09:28 | Report Abuse

1.65

Posted by johnny cash > 2014-07-09 13:17 | Report Abuse

SYF Resources (SYF MK)
Take Profit. Technical SELL with -17.0%
potential downside
Last price : RM1.17
Target Price : RM1.06, RM1.00
Resistance : RM1.25
Stop-loss: RM1.27
SELL with a target price of RM1.00 with stoploss
above RM1.17. Following our earlier BUY
call at the price of RM0.820 on 28 May 14,
SYF’s share price made a new high at RM1.32
on 17 Jun 14. Despite our intention to ride
along the uptrend, the share price has
consolidated within a bearish reversal pattern
of “descending triangle” in the past 16 days.
Given yesterday’s negative closing below both
the 10-day and 21-day SMA lines, weaker
short-term sentiment may lead SYF to breach
the neckline at RM1.15. A violation of the
aforementioned level would place further
pressure on the share price which may test the
psychological support of RM1.00 afterwards, in
line with the weaker momentum as shown by
negative MACD and Stochastic readings.
Given the uncertainties, we recommend
investors lock in the recent gain of 42.0% as a
lack of buying interest should push the share
price lower.
Timeframe: 1-week to 1-month

Posted by kingsonlen > 2014-07-23 23:12 | Report Abuse

i doubt it, strong support from fund manager and Dato Thong at 1.15

Posted by duitKWSPkita > 2014-07-29 22:50 | Report Abuse

............duitKWSPkita fully support SYF on coming Friday (1 August 2014)...............

Dear Fighters,

I believe you guys have witnessed the profit taking exercise recently. Lets us pray hard the counter start to pick up from coming Friday(1 August 2014). All just my kindergarten prediction!

Happy trading!

Posted by johnny cash > 2014-08-11 13:38 | Report Abuse

SYF Resources (SYF MK)
Technical BUY on breakout with +19.0%
potential return
Last price : RM1.16 (Entry:RM1.21)
Target Price : RM1.32, RM1.45
Support : RM1.15
Stop-loss: RM1.13
BUY on breakout of RM1.21 with a target price
of RM1.45 and stop-loss at below RM1.13.
Following a pullback from the high of RM1.32,
SYF has consolidated lower and established a
strong support at RM1.15 in the past 10 weeks.
Despite still treading sideways, a few
accumulation phases can be observed with the
slight spike in trading volume since 18 Jun 14.
The RSI line has rebounded twice from the
50pt threshold level, which signals the selling
pressure has been absorbed. As SYF
approaches the “cloud”, we expect the
breakout from the recent high of RM1.20
should kick-start a new up-leg and the stock
would resume its long-term uptrend bias.
Initiate a buy then with a medium-term target
peg at RM1.45.
Expected Timeframe: 2 weeks to 2 months

Posted by johnny cash > 2014-08-13 13:13 | Report Abuse

MONEY TALK
SYF RESOURCES (SYF MK)
Re-strategising Its Business Direction
A furniture manufacturer, SYF Resources marked a significant return to profitability in
FY12 (after five years of consecutive losses). In 9MFY14, it chalked an impressive 47%
yoy growth in net profit to RM16m. Its pro-active strategies in expanding upstream
capacity (manufacturing of furniture materials) and the upcoming launches of two
property development projects (GDV of more than RM400m) could double its earnings
over the next four years (earnings CAGR of 20-23% in FY14-18). Management is
expected to deliver FY15 and FY16 net profit of RM34m-36m and RM42m-45m
respectively. SYF’s current valuation of 7-8x FY16F PE is in line with the industry.
However, the stock could trade up to RM1.52-1.63 (based on 10x 2016F PE) as our
channel checks suggest that a value-accretive M&A could take place within its furniture
segment over the next 6-12 months.
KEY HIGHLIGHTS
 Re-strategised its business direction. SYF is a furniture company traditionally
focused on downstream manufacturing. But it has re-strategised to strengthen its
upstream segment, following weak demand for furniture exports during the 2008-10
global financial crisis. Progressive expansion and upgrading of its upstream facilities
(sawmilling and kiln drying facilities) over the past few years has transformed the
company into one of the major players in upstream furniture materials.
Management’s decision to venture into property development (through JV basis) in
2012 was also the company’s key turning point. With its first RM84m GDV industrial
factory development project in Semenyih, the property division currently contributes
50-55% of SYF’s bottom line. Moving forward, we do see great potential from these
two core businesses as the company’s furniture capacity is still in an expansion
mode and there are property development projects (more than RM400m GDV) to be
launched soon. The company also recently announced a new property development
project (RM160m GDV) but this project will only start to contribute from FY17
onwards.

Posted by johnny cash > 2014-08-13 13:15 | Report Abuse

 Expecting earnings CAGR of 23% for furniture division in FY14-17. SYF’s
upstream segment has an annual production capacity of 100,000m3, with one-third
of its products destined for in-house downstream consumption. The company’s selfsufficiency
in meeting its in-house demand and the geographical proximity between
both its upstream and downstream facilities (in Semenyih, Selangor) allow the
company to achieve better cost efficiency and competitiveness vs peers.
Furthermore, as an integrated player, SYF is less vulnerable to exchange rate
volatility as compared to pure downstream players who are typically more exportoriented
and transactions are denominated in the US$. Earnings contribution from
the furniture division is expected at RM10m in FY14 and thereafter to grow by a
projected CAGR of 23% in FY14-17, driven by higher product penetration into
export markets (SYF’s upstream products are mainly sold locally currently) and
higher sales of downstream products due to a global market recovery.
 Expecting maiden bottom line contribution from particle board segment this
year. To extract the maximum value from its rubber wood raw material in the
upstream segment, SYF has ventured into particle board manufacturing and
invested RM30m to construct a new plant in Gemas, Negeri Sembilan, last year.
The plant commenced operations in end-13 and is expected to turn profitable with
FY14 bottom-line contribution estimated at RM1m-2m (vs a loss of RM1.4m in
9MFY14). While earnings contribution from this segment would be minimal, we
understand that the company is in the midst of setting up a second plant to
manufacture medium-density fibreboard (MDF) that will double its boards lift
production capacity by 2HFY16. We expect positive synergy from this expansion as
waste products from its upstream processing operations (mainly saw mill) are fed in
as the main raw material for the manufacturing of particle boards, allowing the
company to convert wastage into a new revenue stream. Bottom-line contribution
from this division is expected at RM6m-7m by FY16 and thereafter, increase to an
estimated RM9m in FY17 with the full commissioning of the second plant (assuming
average utilisation rate of 80%).
 Property division: Growing from strength to strength. Through a 80:20 JV basis
(SYF, being the developer, is entitled to 80% of the GDV while the land owner JV
partner owns the remaining 20% GDV), SYF’s maiden Hi-Tech 5 industrial factory
project is on track for completion by next month while its second project, Hi-Tech 6,
had been fully taken up and is slated to complete in Dec 14. While SYF is relatively
new in property development, its JV partner has experience in the industry. We view
such JV model suits SYF’s profile as the company does not have a sizeable
landbank for development. Although the sustainability of the property development
business could be a concern, we understand SYF has a strong working partnership
with its landbank-rich JV partner and it has just recently announced another new JV
project (RM160m GDV).
 Closer look at its upcoming property development projects. Through a JV, SYF
intends to develop a 5-acre site in Semenyih, which is strategically located 3km
away from University of Nottingham. The integrated development, Kiara Plaza,
consists of 304 apartments, 459 SOHO units, 56 retail outlets and 12 shop offices
worth a collective GDV of RM325m. Management guided that about 50% of the
retail outlets, which are priced at RM1.1m/unit, are booked. We also understand that
the company will do a 3+2 years leaseback agreement to control tenancy mix. The
site is currently undergoing piling works and the company will launch the SOHO
units by this year-end. Assuming a 22-25% net margin and 80% stake, we estimate
this project to generate RM57m-65m net profit over the next four years. In addition,
SYF will also be launching a residential project at Sungai Long (RM80m GDV) by
the end of this year. We estimate this project to generate RM14m-16m over three
year, based on similar net margin assumption and equity sharing structure. From
FY14, the group’s property division is expected to contribute 40-50% of SYF’s net
profit.

Posted by johnny cash > 2014-08-13 13:15 | Report Abuse

 Proposing a private placement to improve gearing level and for expansion.
SYF recently proposed a private placement which could raise up to RM31m. The
proceeds will be used to repay borrowings (60%), factory construction (19%) and for
working capital (18%). Its net gearing level will be reduced to 18%, from 32%,
assuming it pares down RM19m loans as proposed in its announcement.
 M&A could be a wild card. While management would continue to grow its furniture
business organically, we gather a potential M&A to grow the company’s downstream
capacity is on the cards. Given the company’s healthy operating cash flow of
RM4m-6m per year and low gearing, we view any potential M&A would not affect
the company’s short-term solvency and liquidity.
 More than meets the eye. SYF’s largest shareholder, Ng Ah Chai, currently owns
57% stake in SYF. He has held the position of CEO since 2005 and had previously
been involved in the timber related business since 1985. Meanwhile, Dato’ Sri Chee
Hong Leong, who has wide experience in property development is SYF’s 2nd largest
shareholder with a 12% stake in the company. Interestingly, Dato Thong Kok Khee,
the major shareholder of Insas Bhd, has emerged as the third largest shareholder,
after acquiring 27.5m shares (10%) on 18 June in an off-market transaction. We
understand that the purpose of this exercise is to help the company meet its public
shareholding requirement.

Posted by johnny cash > 2014-08-13 13:16 | Report Abuse

SYF Resources (SYF MK) -
Technical BUY on breakout with +19.0%
potential return
Last price : RM1.16 (Entry:RM1.21)
Target Price : RM1.32, RM1.45
Support : RM1.15
Stop-loss: RM1.13
BUY on breakout of RM1.21 with a target price of RM1.45 and
stop-loss at below RM1.13. Following a pullback from the high of
RM1.32, SYF has consolidated lower and established a strong
support at RM1.15 in the past 10 weeks. Despite still treading
sideways, a few accumulation phases can be observed with the
slight spike in trading volume since 18 Jun 14. The RSI line has
rebounded twice from the 50pt threshold level, which signals the
selling pressure has been absorbed. As SYF approaches the
“cloud”, we expect the breakout from the recent high of RM1.20
should kick-start a new up-leg and the stock would resume its longterm
uptrend bias. Initiate a buy then with a medium-term target
peg at RM1.45.

Posted by duitKWSPkita > 2014-08-14 10:00 | Report Abuse

............I come....I see...I conquer............

....................BUY SYF..............................

Posted by trustme932 > 2014-08-14 12:43 | Report Abuse

K duit..u r a great2 pensapu!Dont expect me to believe u re yr present occupation.U r somebody!

Posted by trustme932 > 2014-08-14 12:46 | Report Abuse

Duit..wl buy it later.

Posted by duitKWSPkita > 2014-08-14 12:56 | Report Abuse

trustme932...pls trust me 932 times.... I m 30 yrs old poor boy who working as Cleaner at Econsave.

But I love finance and economic very much. I have my own method to do analysis in stock market.

In fact I love to learn FA and TA from all experts here. I m jz a newbie but promise will learn fast.

Hope to learn from you too.

Happy trading!

Posted by duitKWSPkita > 2014-08-14 12:56 | Report Abuse

.......I come....I see...I conquer..........

.............BUY SYF..........................

Posted by Bayam79 > 2014-08-14 13:11 | Report Abuse

Hi abg duit..s-counter for SYF? ...ok noted..tq

Posted by trustme932 > 2014-08-14 13:20 | Report Abuse

Duit...whatever u r...like u...good luck n good health.

Posted by RON888 > 2014-08-14 15:07 | Report Abuse

kenanga giv trading buy with tp 1.85...like

Posted by dalpinia > 2014-08-14 22:11 | Report Abuse

Wauuu....buy call....so high tp ....dun wait

Posted by icetwink > 2014-08-18 13:46 | Report Abuse

What's the effect for private placement,share price will be drop?

Posted by RON888 > 2014-08-18 14:25 | Report Abuse

will up like sumatec....placement .38 but now .575

Posted by lsgan168 > 2014-08-29 14:49 | Report Abuse

What happen to this stock? Keep dropping recently.

Posted by itlim67 > 2014-09-03 18:24 | Report Abuse

Bonus issue... Need to pay?? Anyone can explain.. tq

Posted by Ghost1111 > 2014-09-04 10:56 | Report Abuse

From what is written on report, don't need to pay. But it's just proposal we do not know until it's finalised

Posted by YOLOOOO > 2014-09-29 09:34 | Report Abuse

result coming out soon

Posted by itlim67 > 2014-09-30 18:46 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1753101

Posted by itlim67 > 2014-09-30 18:57 | Report Abuse

Good or bad result?? :)

Posted by YOLOOOO > 2014-09-30 19:04 | Report Abuse

awesome result compared to last financial year, already bought 200 lots last week =\

Posted by YOLOOOO > 2014-09-30 19:04 | Report Abuse

tomorrow buy more

Posted by YOLOOOO > 2014-09-30 19:12 | Report Abuse

but its pat and revenue is slightly lower than the previous quarter

Posted by itlim67 > 2014-10-27 19:50 | Report Abuse

Bonus issue approved :)

Posted by RON888 > 2014-10-28 12:13 | Report Abuse

when is the bonus issue come in, itlim67?

Posted by boaz > 2014-10-28 14:53 | Report Abuse

Now the bonus issue proposal had been approved by Bursa Securities, so the next step is getting approval from SYF shareholders thru EGM. Just waiting for announcement of EGM date probably by this week... The ex-date of bonus issue will be announced once approval of shareholders is granted via EGM by next month.

TP b4 ex-date of bonus issue is RM 1.50 and above!

Posted by boaz > 2014-10-28 14:56 | Report Abuse

Don't forget buy 1 lot SYF free 1 lot SYF & warrant! Very attrative bonus issue proposal!

Posted by cherry tomato > 2014-10-28 15:06 | Report Abuse

EGM notice not yet circulate. boaz how to know the ex-date by this week?

Posted by cherry tomato > 2014-10-28 15:13 | Report Abuse

the proposal from 3 Sept till now still not yet complete.

Posted by boaz > 2014-10-28 15:13 | Report Abuse

CT, I said maybe the date of EGM will be announced by this week not ex-date... Pls read my comment properly. :)