Posted by chankp7010 > 2017-02-17 17:04 | Report Abuse

Well done tabulation - nocindycat. Thank you

Posted by chankp7010 > 2017-02-19 08:23 | Report Abuse

Success achieved record high RM2.71 on Friday closing. More to come if there is any positive news on captial restructuring including bonus issue, declaration of dividend or warrant payment to existing shareholders.

Posted by chankp7010 > 2017-02-20 11:19 | Report Abuse

Buyers 50,200 overwhelmed 1,200 sellers at RM2.79. Very likely share of Success is going higher for today trading activities.

Posted by Dolly_Chai2 > 2017-02-20 12:43 | Report Abuse

haha.... hahahahahahaha................. i cant stop laughing.....

Posted by nocindycat > 2017-02-20 14:44 | Report Abuse

next one eg - after cimb sold success, success was up 30%, eg is next!

Posted by LaoTzeAhSir > 2017-02-20 18:55 | Report Abuse

sell tomorrow. - nocindycat

Posted by nocindycat > 2017-02-20 18:57 | Report Abuse

sell tomorrow? u joke? this stock is worth 4.50

Posted by chankp7010 > 2017-02-20 20:32 | Report Abuse

For LaotzeahSir , please wait for few more days to see if Success has achieved another 12 cent for reported quarters. Let say it earned 11-12 cents per share, then our fellow nocindycat's calculation using P.E. of 10 should drive the price to RM4.50

Posted by chankp7010 > 2017-02-22 10:59 | Report Abuse

Success stabilized at RM2.86 pending the outcome of QR. SEB is now in the better financial state as evidenced from its price movements. Success core business of transformers and LED is doing well and hopefully translates into RM for this QR ending 31st December 2016

Posted by Dolly_Chai2 > 2017-02-22 12:42 | Report Abuse

honestly speaking i am unsure if SUCCESS can repeat the same great result (11-12 sen) every quarter.. but from i can see, i can tell that their SEB has turnaround and become profitable (from making a loss)... so we can expect they will continue to make good profit in future...

RM4.50 maybe a bit too optimistic but i think RM3.50 is definitely achievable.

Posted by nocindycat > 2017-02-23 19:54 | Report Abuse

RM4.50 optimistic ah?

12.96c EPS x 4 = 52c EPS x PE 10 = RM5.20

TP RM5 - conservative target

Posted by sharkinsider > 2017-02-23 20:11 | Report Abuse

Tomorrow another limit up!

Posted by zexon > 2017-02-24 08:19 | Report Abuse

No more big scale project on hand. Gloomy outlook year ahead

Posted by chankp7010 > 2017-02-24 09:51 | Report Abuse

QR has shown all round improvements. EPS reached 12 cents per share in this quarter, giving two quarters EPS 24 cents. Cash at bank improved 20 millions to 60 Millions. Short and Term loans reduced drastically in this Quarter. Cash flow very positive. Prospect for coming quarters consider good but challenging. RM3 has achieved even before March 2017

Posted by traderman > 2017-02-24 10:01 | Report Abuse

just hold this gem. tp 4

Posted by ljmeng > 2017-02-24 10:01 | Report Abuse

exactly....buy n keep.... no need monitor....

Posted by Dolly_Chai2 > 2017-02-24 14:25 | Report Abuse

wow.. seems like i need to revise my TP from RM3.50 to RM4.00 now.. since the cash flow has also improved so much (not just earning improved)... great!!!

Posted by Dolly_Chai2 > 2017-02-24 14:35 | Report Abuse

haha... hahaha.... hahahahaha.... hor seh liao.. paper gain now 320K....i am laughing all the way to the bank really...

Posted by IamGoogle > 2017-02-28 00:29 | Report Abuse

From RM2.30 @ 8/2/2017 to RM3.00 @ 27/2/2017 making 30% gain before release of fantastic result, insiders took mostly all meat.

Anyway, congratulation to all!

Posted by IamGoogle > 2017-02-28 00:34 | Report Abuse

Congratulation because there are so many mines & golds in Bursa recently, you are having gold here, good investment.

Posted by Special4U > 2017-02-28 14:25 | Report Abuse

mind to share what shares are mines & golds?

Posted by chankp7010 > 2017-03-02 16:42 | Report Abuse

What happened to 'Success"? Can 'Success" suddenly turn "Failure"? Why private placement is in the hands of selected Directors? Anyone can help ?

Posted by chankp7010 > 2017-03-02 16:52 | Report Abuse

Directors bought shares at RM1.91 whereas market price around RM2.90-RM3.00. I believe that 10% discount tabulation must have done some times ago.

Posted by nocindycat > 2017-03-02 18:36 | Report Abuse

Directors bought shares at RM1.91 whereas market price around RM2.90-RM3.00. I believe that 10% discount tabulation must have done some times ago.

These shares are DRP la, dividend reinvestment plan, the next one may be set lower

Posted by chankp7010 > 2017-03-03 07:25 | Report Abuse

Thank you nocindycat for your clarification. Now, I remembered those shares issued actually are under Dividend Reinvestment Plan at RM1.91 each in lieu of dividend declared and payable.

Posted by suregain > 2017-03-06 11:17 | Report Abuse

bought @ 2.90. up up up

Posted by suregain > 2017-03-07 15:42 | Report Abuse

go go go

Posted by chankp7010 > 2017-03-07 16:02 | Report Abuse

Big players appeared and easily push to RM3/- and above. It looks like coming QR will also be good.

Posted by Dolly_Chai2 > 2017-03-07 17:34 | Report Abuse

yup... RM3.50 to RM4.00 is on the way...

Posted by Dolly_Chai2 > 2017-03-07 17:34 | Report Abuse

i am not selling a single share yet although i have made handsome paper profit.. hehe... wait till it fully realizes its value...

Posted by suregain > 2017-03-07 18:17 | Report Abuse

Rm3.50 posible

Posted by suregain > 2017-03-08 10:38 | Report Abuse

go go go

Posted by Dolly_Chai2 > 2017-03-08 10:51 | Report Abuse

haha.. i am really laughing all the way to the bank now... more to come though...

Posted by Dolly_Chai2 > 2017-03-08 11:00 | Report Abuse

wah.. today eat viagra???!!! haha

Posted by Dolly_Chai2 > 2017-03-08 11:00 | Report Abuse

mari mari.. first milestone RM3.50...then RM4.00 next

Posted by suregain > 2017-03-08 11:01 | Report Abuse

yahoooo

Posted by chankp7010 > 2017-03-08 11:09 | Report Abuse

Wow! up 13 cents to RM3.13. Any corporate restructuring including bonus issue?

Posted by Dolly_Chai2 > 2017-03-08 15:16 | Report Abuse

guys... i just updated my valuation spreadsheet for SUCCESS to include the latest quarterly results

Trailing 4 Q valuations:

Assume EV/EBIT = 10, EV wil be: RM 529960
Market Capitalization (MC) will be: RM 491038

Intrinsic Value RM 4.2933

and bear in mind that this valuation is very conservative.. as I took last 4 quarterly results (where the first 2 quarters are not so good... in Q6, they even made some loss due to process equipment division)....

If you annualized 2017 2 quarters... u will even see much higher valuation...

but again, i wanna play conservatively so i take last 4 quarters...

Posted by Dolly_Chai2 > 2017-03-08 15:18 | Report Abuse

so for current price.. it is still much undervalued...

Margin of safety: (RM4.29-RM3.12)/RM3.12 = 37.5%

Posted by Dolly_Chai2 > 2017-03-08 15:18 | Report Abuse

that means even if u invest in current price, there is still a chance to earn 37.5%

Posted by Dolly_Chai2 > 2017-03-08 15:18 | Report Abuse

what if the next 2 quarters also making 11-12 sen EPS? valuation will be higher...

Posted by Dolly_Chai2 > 2017-03-08 15:19 | Report Abuse

chankp7010 ...

i think some value investors found out about this good share.. so they bought it.. maybe funds buying....

Posted by Icon8888 > 2017-03-08 15:19 | Report Abuse

kakashit bought very cheap

Posted by Dolly_Chai2 > 2017-03-08 15:21 | Report Abuse

current EY = EBIT/EV = 13.4295% (great)
ROIC = 16.1543% (great)
CY = FCF/MC = 4.7129% (Good)
P/BV = 1.2558 (OK)

Posted by Dolly_Chai2 > 2017-03-08 15:22 | Report Abuse

guys... my average price is RM1.1050 (bought many years ago.. finally... haha)

Posted by Dolly_Chai2 > 2017-03-08 15:22 | Report Abuse

what is kakashit's ave price?

Posted by Dolly_Chai2 > 2017-03-08 15:23 | Report Abuse

Icon, ur Airasia also doing good ma... i also got buy some Airasia share.. haha...

Posted by Dolly_Chai2 > 2017-03-08 15:23 | Report Abuse

myongcc.. not too late yet.. (even though u missed some higher % of profit)

see my calculation of its valuation...

Posted by Dolly_Chai2 > 2017-03-08 15:25 | Report Abuse

u guys can notice that i do not even use PE multiple.. if i use that... the valuation will be much higher (coz i think EV/EBIT valuation more accurate)... but some investors like to merely use PE to decide share price.. haha...

that means.. they can help us push the price up... haha...

Posted by Dolly_Chai2 > 2017-03-08 15:38 | Report Abuse

myongcc5... i waited for so long.. finally....