This counter will recover soon. CIMB deeply believed the overall result was excellent and targeted the share price will shoot up to RM5.08 eventually. T/A as well another firm target share price to shoot up to RM3.65.
Very Simply, for us we don't target the share price to shoot up that high, counter not hit that high. We just set a minimal Target at RM3.00 (Is this a very reasonable price target?). and the share price are now at RM1.84, This definitely a damn good counter to invest your money in. you guys agree with me?
In financial year end 2013-2014 this counter reported with total revenue of RM168mil. in the just ended Signature International's Convention the company reported a revenue of RM 274mil for financial year end 2014-2015 which you guy can see in then quarter report. They do come out with bright year ahead forecast base on fact and figure they got in hand.
Please bear in mind of total RM 108mil increase for year 2014-2015 compared a year before. A total of 40% improvement in percentage of revenue increase. this isn't good enough?
Just for your information, Signature International not only invest in Kitchen Industry they do widely invest in subsidiary like Signature Obicorb who deal with appliances, Signature Aluminium, Real Property, Interior and so on. Signature Aluminium itself stand for 18.5mil during 2013-2014, and 35.7mil for 2014-2015, it clearly show how success of it diversify business. This figure show it really done not bad at all.
Financial year end 2013-2014 with earnings of RM17.83mil while for financial year end 2014-2015 reported earning of RM36.11mil. Hey guys, with 100% increased in earning ler!!! How come you guys so panic after just a slow last quarter report? I really not understand at all.
Lastly, I really do not understand how T/A come out with a report blindly comment that this management had bad cost control overall??? as you guys can see the revenue increase only 40% compare last year. Their earning increase of 100%, I personally think they done quite well on cost control and their newly implement KPI really work well for this company.
Garydonald21 I concur with you. Sign has a healthy order book and they are vying for prestigious projects. This is a very peculiar situation where good results reverse share price. The management will do well by sharing exciting positive news in store for the company.
People have been too exaggerated panic over its last released quarter report. Yes the report shows decline but that doesn't justify this stock to be as low as RM1.84 as of today. I can only comment that people are putting too much of hope on this counter, and when the report shows slight disappointment, people just dumb the shares like no tomorrow. Market sentiment is another issue, when this counter shows very good results in the last two quarters, share price did moved up, but only in a cautiously uptrend because of the weak market sentiment in KLSE. The recent correction in KLSE caused major investors to panic sell, plus the effect of disappointment of this report, SIGN has no luck but to suffer severe tumbling in share price. Anyway, I just don't see its VALUE worth as little as this PRICE.
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Joel
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Posted by Joel > 2015-08-26 06:47 | Report Abuse
Bcos research house brought quite a lot of Signature share.
ofcos said like that.
They are bought at quite higher price. Rm2.50 above!