Zooming in on shares of SUCCESS TRANSFORMER CORPORATION BERHAD (7207.KL) we have seen that the stock price has gained 1.35% over the last 4-weeks. If we look back over the last half-year, we can see that the stock has moved 2.04%. For the last full-year, shares have seen a change of -30.56%. Following recent action, shares have changed 12.78% over the last 5 trading periods.
Investors will often need to stay aware of happenings in the overall economic environment, and pay attention to global factors that may have a widespread impact on markets. Being aware of the macroeconomic picture can greatly help the investor when making important portfolio decisions.
Thank you Icon8888 for your article on February 1st this year. I knew about Success when they announced share split a few years ago and it was on my watch list ever since. Your article really caught my attention when you said its share price was trading at multi-year low at that time (RM0.5x). I knew its share price was low but did not know it was at MULTI-YEAR LOW. I felt it was undervalued and way oversold considering its 2019Q1 earning was 2+ sen. I bought a little only as I would like to see another quarterly report.
Management mentioned they had a chance to secure some local public projects in the Edge article earlier. At that time, I was very skeptical about that and I assumed the management only wanted to paint a rosy picture. "Our government where got money???" It was my thought exactly. Now Success needs to show us they are able to secure some local public projects and translate them into good earnings (yearly EPS over 20 sen during those good old days)
I bought SUCCESS at RM0.68 and since then I have gained 35% thanks to the rapid rise in share price. My take based on the news are this company will have more opportunities as Pakatan Harapan prioritise more on the production of local people.
I think this stock could potentially be my multi-bagger stock if it capture the local lighting market with the help of the new government. If it doesn’t, it should be around book value. Book value is currently is 0.7x and this means a 1x PB means a share price RM1.4, an upside of 52%. Why do I think it should be around book value? It has decent ROE and constant profitability. It is also one of those unknown family owned company that pays a consistent dividend.
agree with what icon said... they were above RM4 (before share splits).. that was their best time when their sales and profit peaked.. so after the share split.. it is likely to hit back RM2 if the sales and profit keeps increasing due to the street lamp projects... overall, very bright prospect..
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....
MahjongAuntie
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Posted by MahjongAuntie > 2019-04-12 10:09 | Report Abuse
Zooming in on shares of SUCCESS TRANSFORMER CORPORATION BERHAD (7207.KL) we have seen that the stock price has gained 1.35% over the last 4-weeks. If we look back over the last half-year, we can see that the stock has moved 2.04%. For the last full-year, shares have seen a change of -30.56%. Following recent action, shares have changed 12.78% over the last 5 trading periods.