Note that all 3 of Success Transformers products has been receiving myriads of orders in recent months.
This is due to: 1. The replenishment exercise by major Municipals due to damages to street lights. 2. Air purifier product being sold like hot cake since end of last year. 3. Potential moving into EV segment via electric charging of batteries
At RM0.755 per share, the company is highly undervalued.
Expect Q4 results to show significant improvement due to factors 1 & 2 above.
Share price is expected to further propel once factor 3 is finalized.
Prospects Our country has entered into the endemic phase of Covid-19 beginning 1 April 2022, and this recovery is expected to gain momentum in 2022. This is underpinned by several factors including continued expansion in external demand, full upliftment of containment measures, reopening of international borders, and further improvement in labour market conditions. However, there are uncertainty in both marco and micro economy activities that is triggered by geopolitical concerns, inflation, foreign exchange volatility and liquidity tightening across the market. Despite all the uncertainty, the Group believes that the growth of the Group will be supported by the steady demand for smart lighting and LED lighting in view of the increasing global demand for LED lighting to replace conventional lighting in order to increase energy efficiency and reducing in carbon footprint. Furthermore, the Group also believes it will benefit from the global development of set up smart cities which helps to meet sustainability goals by enhancing city living and utilise superior technology such as Intelligent Light Control System and sensors to address economic, social and ecological challenges of the city while reducing costs. For our transformer products, the established well-known brand name of QPS remain the key player in the local low voltage transformer market. We believe the sales momentum will drive upwards, particularly in data centres industry and with the implementation of “Industrial 4.0” within the South East Asia (S.E.A.) region. Barring any unforeseen circumstances, the Group believes that the overall performance for the financial year ending 30 June 2023 will remain satisfactory
Foreign Fund keeps selling the share down. Dont buy any share above 62cts. I guess the share will drop below 50cts in due course due to the persistent selling pressure as they are in a hurry to exit from Success Trans. Poor dividend return cant justify holding on to the shares - how can the fund perform with such low dividend payout?
3% dividend is not too bad. high NTA with net cash, good EPS.
disregard what other investors want to do, just buy if you think it is undervalued. it is all about the company value, unless you are a technical investor (gambler)
Abigail has 5% more to sell. Wait for bargain price on the way down. Have been collecting for sometime but felt frustrated with the downtrend. Have experienced the same situation in Star Media when ASB kept disposing their shares during the past few years. Good thing that The Edge bought over their remaining 5% + in Star recently. Just watching to see when the downtrend makes a turnaround before I buy again. Today hit 61cts!.
not cool, everything techinical, nothing fundamental
anyhow if you still got any share left with the company, you should encourage people to buy, not the otherway round which will cause you further paper loss, regardless it is temporary or not
I am a long term investor in stocks. Just being honest and not trying to people to buy so that I can sell for profit like some old uncle Koon. I am in the top 20 shareholders list and I feel that this is an opportunity to accumulate more shares as the price drops. Buy cheap and you already make money!.
if you agree price is cheap now just buy more la, why wait downtrend makes a turnaround, that doesn't make the price cheaper, instead make it more expensive. typical techinical thinking
coolgu I am a long term investor in stocks. Just being honest and not trying to people to buy so that I can sell for profit like some old uncle Koon. I am in the top 20 shareholders list and I feel that this is an opportunity to accumulate more shares as the price drops. Buy cheap and you already make money!.
Something that bothering many of us as a small bilis when substantial shareholders, not one but many keep dumping it, can someone enlighten what all it is about...?
@xiaoeh 1 of the top 20 ask you bilis don't buy you think what all it is about? they don't want you to buy so they can collect more lo. that's why we should do the otherway round.
think who dare to queue at RM0.61 now considering the stock is on downtrend? definitely not techinical investor. should be mostly substantial shareholders (with lot of cash to queue) and a few fundamental investors who think the stock is undervalue and not try to wait for trend turnaround to catch some
The Group recorded a profit before tax of RM9.04 million for the current quarter ended 30 June 2023 as compared to RM4.37 million in the preceding quarter ended 31 March 2023, showing an increase of RM4.67 million or approximately 107%. This was mainly due to gain on foreign currency exchange and increase in sales in both local and oversea markets.
Prospects
While the global economy is on the road to recovery, it continues to face challenges and uncertainties. Rising inflationary pressures from factors such as surrounding trade dispute policies and barrier, currency depreciation, higher raw material prices and natural disaster have impacted the market volatility.
However, the Group remains vigilant about the challenges and continues to make progressive developments in the business by expanding its product range.
In the transformer products, we are experiencing robust demand from data centres, industrial machinery and the medical industry. The recent need for efficient cloud storage management has further driven growth of transformer demand in the data centre industry.
Globally, the emphasis on and recognition of environmental, social and governance (“ESG”) factors have grown significantly in recent years, leading to increased demand for governments, companies, and other stakeholders worldwide to practices and emphasizing on the ESG sustainability agenda. The energy transition and master ESG with green technology will get ahead to drive an increased demand in energy saving products like LED Lighting, Intelligent Lighting, Control System and Sensors.
To be aligned with the growing demand of ESG data to address economic, social and ecological challenges of the city, the applications of our in house brand ILCS for the intelligent lighting control system ("iLCS") which include smart lighting, traffic adaptive illumination (tai), parking management, environment analysis, smart metering and internet of things (IoT) connections. can generate valuable information and data to operators, municipalities, and other stakeholders for better ESG practices and disclosures give us a good prospect and better market position.
In our die-casting products, beside to continue our business expansion as the OEM Partner for aluminium die-casting parts in the global market, we have expanded our range of motorcycle component parts for the after-sales motorcycle spare parts industry and strengthen our position as a trusted supplier in this thriving market.
In conclusion, the management will keep re-assess the goals and strategies of the Group to ensure business resilience and are committed to observing and adhering to ongoing policies and requirements related to sustainability.
Based on our projections, we anticipate that the financial performance for financial year ending 30 June 2024 will remain satisfactory and together we work towards a more sustainable future.
The stock rose and broke the psychological barrier of 70 sen with a white bullish candle. Prices are firmly above all 20-day, 50-day and is not trying to break 200-day Moving Average (MA). On 14-Sep, SUCCESS registered highest trading volume in 52 weeks. The positive move is supported by Quarter 4 FY 2023 earnings announcement on 30-Aug with Q4 earnings +85% QoQ and 6% YoY. We anticipate further gains due to positive technical breakouts and improved fundamentals.
Both the MACD and RSI are bottoming and started uptrend, suggesting an increase in buying momentum.
The strategy is to long SUCCESS with a stop-loss set at 66.5 sen (a tick above 20-day MA). This breakout could drive prices upward, targeting historical resistance levels at 78 sen followed by 81 sen.
price goes up or down because of reality valid reasons like price undervalue, news, upcoming news, insider news, shark try to goreng, investors trying to collect or sell.
but then fake irrelavent technical stuff (candle, lines, chart) try to claim credits. really lmao
fundamental reason cause > price movement cause > technical charting
there is no use judging the aftermath because it is already happened and it cannot help investing
true way to invest is judge the prior happening reasons that is fundamental / real life news / issues
This company produces transformers, so it is a Data Centre and Cloud story.
Why does data center need transformer?
Transformers ensure stable power, distribute it efficiently, and protect data center equipment from electrical issues.
From its latest quarterly result... "In the transformer products, we are experiencing robust demand from data centres, industrial machinery and the medical industry. The recent need for efficient cloud storage management has further driven growth of transformer demand in the data centre industry."
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....
Intrinsic99
267 posts
Posted by Intrinsic99 > 2022-01-08 18:20 |
Post removed.Why?