It's alright, currently it's damped by the Q4's weak earnings. Once it enters into FY 2016, if they can deliver the results, we should see some SIGN of recovery.
"SIGN has experienced a two-week consolidation breakout above the RM2.37 level with improved volumes. The MACD Indicator has issued a “Buy” signal, while the RSI has hooked above 50. Price may rally towards the RM2.68 and RM2.89 levels. Support will be pegged around the RM2.26 level." Quote from Malacca Securities.
There's no need to rely on insider news. Most of them are not true anyway. If you're an insider, will you leak the company's internal info and get arrested or fired? No offense, but food for thought, my friend.
Anyway, you don't simply pluck a TP from the sky. A simple calculation will land you the figure. Buffett has said that he will generally pay 7x EV/EBIT for a good business that is growing 8-10% per year. 1) how much has the SIGN company grown? 2) how much is the current EV/EBIT? To make things easy, I've calculated for you, it's 7.
By solving question 1, combining question 2, you will get you answer. Cheers.
What is this SIGN company actually doing? It states in I3's company background as a broadcast media company. However, when I look at The Edge, it says "Designing and manufacturing kitchen cabinet". It's confusing.
Their main business is Kitchen and Wardrobe under hood of Signature International. with the same hood they have Signature Kitchen, Signature Cabinet, Signature Manufacturing, Signature Interior Design, Signature Obicorp, Signature Aluminium, Kubiq Kitchen, Signature Academy and so on.
@dusti - There are no goodies yet. But if you believe in the buy and hold strategy, you will be rewarded in the long term (Investing not speculating).
Currently, Sign's order book is roughly about 150mil, which is enough to cover for a year or two. However Sign is already in the process of tendering for few more projects, and one foreign project.
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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....
paperplane2
3,235 posts
Posted by paperplane2 > 2015-10-15 13:48 | Report Abuse
one thing u din check---PROPERTY SLOWDOWN!