Posted by dfsbipohsch > 2016-07-08 14:27 | Report Abuse

http://klse.i3investor.com/blogs/kenangaresearch/99700.jsp

Posted by CLho > 2016-07-16 21:11 | Report Abuse

why now bursa cut the stock price after dividend?? it is illegal..company use their cash to pay out dividend...not using the stock price..why now bursa become like unit trust??

Posted by dfsbipohsch > 2016-07-30 09:06 | Report Abuse

Though SCGM’s share price has performed favourably over the last 2 years, rising more than 132%, we see further upside opportunity in the company riding on i) aggressive expansion plans in the pipeline, ii) introduction of more new products mix in plastic cups and iii) increasing regulatory bans on polystyrene packaging in Malaysia, which would further drive up the demand for its plastic-based food packaging products. We initiate SCGM with an Outperform call and TP of RM4.00 based on FY18 PER of 21x.

Background. SCGM, founded in 1984, is a thermo-vacuum form plastic packaging manufacturer, which provides end-to-end production from extrusion to packaging and delivery to its customers in Malaysia and overseas. Its manufacturing plant, which is located in Kulai, Johor, has 8 extrusion machines with daily capacity of 40m. It currently runs at 85% utilization rate. The Group has produced more than 5,000 moulds under its brand names called Benxon, TempScan, TempScan Cover and Kingtex to cater for more than 60 notable brands from various sectors, including food, medical and electronics. Riding on the expansion of its distribution network and coupled with a stronger US dollar, its exports sales picked up aggressively, making up 49% of the total sales compared to 30% in FY12.

Aggressive expansion plans in the pipeline. The Group has allocated RM113.9m capex for the next 3 years to increase its extrusion production capacity by 194% (from 16.8m kg/year to 49.5m kg/year). It is expected to be completed by FY19 and the full-year earnings contribution will kick in by FY2021. The new manufacturing plant will include 8 thermoforming machines, 4 extrusion machines and 1 plastic cup machine. Besides that, it has recently appointed Kim Teck Cheong Consolidated to be its sole distributor, which controls 6,419 distribution points in East Malaysia, to market its “Benxon” brand food packaging and plastic cups to food and beverage (F&B) retailers and manufacturers. It has also invested RM15m to increase its production capacity by 34% to 22.5m kg/year, which helps to cater for new demand from Cambodia, Laos and South Pacific Ocean markets.

Decent historical growth. As at FY16, the company has a net cash of RM25m. The Group has a 40% payout dividend policy but has been paying more than 65% over the last 3 years, which translates to a dividend yield of 3.1% at current share price. Management has guided that it plans to gear up its balance sheet to fund its staggering capex of RM113m over the next 3 years. The Group’s earnings recorded an encouraging CAGR of 27.9% over the last 8 years. Though it is trading at a FY16 PER of 20.6x, which is unattractive, we think that the company should deserve better valuations given its strong capacity growth as well as its leading position in plastic packaging industry. We expect the company to grow at an average of 10%-20% p.a. over the next 3 years before a larger growth kicks in.

Source: PublicInvest Research - 28 Jul 2016

Posted by Ken Choong > 2016-08-17 15:35 | Report Abuse

anything happen with this counter?

Posted by wonderboy > 2016-08-17 15:56 | Report Abuse

apa mcm?

Posted by Max Tan > 2016-08-17 16:02 | Report Abuse

time to accumulate but slowly as we don't know where is the bottom

Posted by Up_down > 2016-08-17 16:14 | Report Abuse

This is a growth stock but earnings seemed peak soon...growth story may happen in 2018 when the new factory is ready. Price is obviously over-hyped with PER 20x.

Posted by Investmon > 2016-08-17 19:18 | Report Abuse

catching a falling knife...from the way the sell down happened, it is likely to be fund selling or someone got forced sell

Posted by soohau78 > 2016-08-18 09:59 | Report Abuse

caught knife!

Posted by ViWizard > 2016-08-18 10:09 | Report Abuse

wow down more please babe

Posted by soohau78 > 2016-08-18 10:43 | Report Abuse

please rebound

Posted by ViWizard > 2016-08-18 10:51 | Report Abuse

haha come back 2.89 , i queing :P

Posted by soohau78 > 2016-08-18 11:09 | Report Abuse

haha...come back to 3.36 pls

Posted by ViWizard > 2016-08-18 11:11 | Report Abuse

wah lao... so fast meh, push down please

Posted by lokzhaizz3813 > 2016-08-18 12:19 | Report Abuse

caught knife yesterday, cut loss and bye bye

Posted by ViWizard > 2016-08-18 12:27 | Report Abuse

haha.. sakit nya

Posted by Issac Chai > 2016-08-18 13:15 | Report Abuse

hmm... if for expansion is good for future right?

Posted by hornbill > 2016-08-18 17:14 | Report Abuse

oversold by fund manager support point will be 2.90.

Posted by Invest1188 > 2016-08-18 20:51 | Report Abuse

I believe rhb invest fund selling, same to slp, ulicorp

Posted by rongzhou > 2016-08-18 22:03 | Report Abuse

这篇文章不错：
http://wesharenwetrade.blogspot.my/search/label/SCGM

Posted by Investmon > 2016-08-19 00:48 | Report Abuse

If rhb fund is selling, then there is still long way down. The fund holds more than 5pc for both SCGM and Slp. Past few days carnage hardly 5pc! Why would they be in panic selling situation? Are they the one under investigation?

Posted by NorthernStar > 2016-08-19 08:37 | Report Abuse

Local Bank-Backed Asset Management sell down of SCGM, SLP, ULICORP & OFI. Source from Edge Financial Daily Page 5.

Some Bank in Trouble?

Posted by hornbill > 2016-08-19 09:12 | Report Abuse

Today bound back.

Posted by ViWizard > 2016-08-22 11:46 | Report Abuse

hahaa down more please

Posted by culain99 > 2016-08-22 12:14 | Report Abuse

like still dropping

Posted by culain99 > 2016-08-26 16:30 | Report Abuse

still dropping

Posted by Alex Tan > 2016-09-04 00:04 | Report Abuse

SCGM AGM 2016

http://www.valueinvestingstock.com/single-post/2016/09/03/5-Quick-Things-I-Learned-From-SCGMs-AGM-2016

Posted by dfsbipohsch > 2016-09-05 10:24 | Report Abuse

SCGM gap up today

Posted by bsngpg > 2016-09-05 15:50 | Report Abuse

Just purchased a few last week. Do not want to chase high today.

Posted by soohau78 > 2016-09-06 17:05 | Report Abuse

chase high today...

Posted by smartrader2020 > 2016-09-06 21:29 | Report Abuse

http://klse.i3investor.com/blogs/discoverychannel/103885.jsp

Posted by soohau78 > 2016-09-07 16:52 | Report Abuse

my high yesterday become today's low liao

Posted by char1234 > 2016-09-07 16:52 | Report Abuse

see if yr analysis is right.................break the 3.65 and set a new record

Posted by char1234 > 2016-09-08 10:26 | Report Abuse

slow and steady........will break 3.65

Posted by char1234 > 2016-09-08 10:29 | Report Abuse

318.......338..........365.............???

Posted by bsngpg > 2016-09-09 10:56 | Report Abuse

what a miss, just bought a few at low last weeks. If it comes down again, will buy in much more and keep for few years. For those can take higher risk, you can buy. I let go this gem this time.

Posted by soohau78 > 2016-09-09 11:08 | Report Abuse

338 coming?

Posted by Contender > 2016-09-13 11:15 | Report Abuse

From the Bursa announcements, KWAP have been selling .... apa macam ?

Posted by char1234 > 2016-09-13 11:17 | Report Abuse

i think its screwed already...pushing down its price so agrresively.Correction is on the way.

Posted by char1234 > 2016-09-13 11:30 | Report Abuse

First interim single tier dividend of 2 sen per ordinary share of RM0.50 each
in respect of the financial year ending 30 April 2017 Kindly be advised of
the following : 1) The above Company's securities will be traded and quoted
"Ex - Dividend? as from: 20 Sep 2016 2) The last date of lodgment : 22 Sep
2016 3) Date Payable : 7 Oct 2016
MANAGER, SEC. MARKET
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Posted by char1234 > 2016-09-13 11:32 | Report Abuse

paying divident .....but share price goreng up and now pushing it down. 2 sen is equal to rm 200 per 1000 shares ?

Posted by Hui Xin Sim > 2016-09-13 13:00 | Report Abuse

not that much la char1234.... if 2 sen equally to 0.02 x 1000= rm 20....

Posted by char1234 > 2016-09-13 15:56 | Report Abuse

20 divide cost of share now rm3060 is 0.65 pct (less than 1 pct) but share price dropped over 5 pct...madness !!

Posted by soohau78 > 2016-09-13 17:09 | Report Abuse

jump in again...

Posted by char1234 > 2016-09-14 00:08 | Report Abuse

U are a hero ! Market is bad ....be careful...

Posted by Seet Yingming > 2016-09-14 09:38 | Report Abuse

SCGM going to have private placement right? When is it? Or already over?

Posted by soohau78 > 2016-09-14 15:23 | Report Abuse

go go towards 3.38!

Posted by Hui Xin Sim > 2016-09-14 16:05 | Report Abuse

for investor it is a good time to buy in stock when market is bad, its a only time you get some good company share at a bargain price for long term where the company fundamental is unchanged what changed is human psychology....

Posted by bsngpg > 2016-09-14 18:57 | Report Abuse

Buy good stock at the smashed price in the bad market is a likely win method. SCGM's price was not smashed down these few days while market was bad.

Posted by char1234 > 2016-09-18 15:06 | Report Abuse

First interim single tier dividend of 2 sen per ordinary share of RM0.50 each
in respect of the financial year ending 30 April 2017 Kindly be advised of
the following : 1) The above Company's securities will be traded and quoted
"Ex - Dividend? as from: 20 Sep 2016 2) The last date of lodgment : 22 Sep
2016 3) Date Payable : 7 Oct 2016
MANAGER, SEC. MARKET
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com
13/09/2016 11:30