Great and sustainable potential in educational book sales , especially Sasbadi primarily targeting primary and secondary school consumers . 1st: Malaysian population growing steadily year to year , more and more children in educational sector 2nd: persistent expansion and massive of middle income class in Malaysia nowadays , of course , inevitably as parents will provide better learning equipment to their children . 3 rd: tuition centre erected everywhere 4th: learning and education still ongoing in whatever economic condition 5th: allocation of money to buy books and stationaries from government
Sasbadi total share issued : 127m units Cited from Sasbadi's website as to financial report : year-to- date net profit (until 31-5-2014 , Q3 ) :RM 11,033,000 Assume Q4 net profit is also RM 3 m like Q3 , thus , aggregate net profit FY is RM 14,033,000 . 50% dividend policy from net profit : RM 7,016,500 RM 7,016,500/ 127m units : RM 0.055/ unit At current share price , DY 3.8% , if TP RM 2 , DY 2.75% ,if take a mid- point TP RM 1.73 , DY 3.18%
I think TP 1.7- 1.9 achievable , modest calculation . IPO holders mostly had sold their shares to gain fast money at launching date , present share price lifted by new comers after 2.30pm today and most of them averagely buy at 1.40-1.45 . As to the question of how much it will be going up , simple calculation . 1.8m shares traded by today.
B3. Group’s Prospects for the financial year ending 31 August 2014 (“FYE 31 August 2014”) As disclosed in the Prospectus of the Company dated 7 July 2014, for FYE 31 August 2014, we expect some changes in our seasonality patterns due to the abolishment of Penilaian Menengah Rendah to be replaced by Form 3 Assessment (PT3 - Pentaksiran Tingkatan 3) as per the circular by the Ministry of Education on 31 March 2014. In this regard, in June 2014, the Group has launched new series of model test papers based on the PT3 format for lower secondary levels of education. In addition, the Group is also in the midst of publishing new series of assessment books and revision guides based on the PT3 format. As such, we expect to record sales from PT3 educational materials in our fourth financial quarter (June to August) of 2014. We also expect to record sales of post-secondary educational materials in our fourth financial quarter (June to August) of 2014, which coincides with the intake of post-secondary students in May for National schools. Premised on the above, we are cautiously optimistic that our Group’s prospects are positive for the year. B4. Variance of Profit Forecast No profit
Sasbadi Holdings (SASB MK) Technical BUY with +20.7% potential return Last price : RM1.45 Target Price : RM1.60, RM1.75 Support : RM1.31 Stop-loss: RM1.30 BUY with a target price of RM1.75 with stop loss at below RM1.30. SASB was listed on 23 Jul 14 as it opened at a premium at RM1.75. SASB retraced lower before establishing strong support at RM1.31. The share price has consolidated within the “rectangle formation” in the past 4 weeks within the range of RM1.31- 1.41. However, last Friday’s strong gain on the back of a slightly higher trading volume has placed the share price in new territory, thus signaling the end of the recent consolidation and the start of a new-leg. Given the surging momentum, we expect SASB to nudge higher as we peg our medium-term target at the 50.0% Fibonacci retracement level and the significant previous high. Expected Timeframe: 2 weeks to 2 months
Buy and hold and averaging strategy ...Rome is not built within short term...must obtain CF ( certificate of fitness/ confidence ) in order to strengthen investors' confidence permanently
It looks like it's a good outing today for everyone. Big congrats folks. Hope for even better things tomorrow and the day after ... From the mood of the forum, seems many have been waiting for the big moment today.
Do all of you have noticed today's price waiting buy or sell call ? Small volume at each stage whether buy or sell , averaging about few hundred lots. I interpreted substantial holders do not dispose their shares , only contra or inpatient retailers do so . Great ! FY 14 financial report will be announced in this month
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....
Secrecy
748 posts
Posted by Secrecy > 2014-09-05 15:23 | Report Abuse
Insider news , good Q4 result , this month will list out whole year earnings and 50 % dividend policy from profit gained.