SENG FONG HOLDINGS BERHAD

KLSE (MYR): SENFONG (5308)

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Last Price

1.20

Today's Change

0.00 (0.00%)

Day's Change

1.16 - 1.24

Trading Volume

3,680,300


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112 comment(s). Last comment by troy88 8 hours ago

sammyramon

478 posts

Posted by sammyramon > 3 weeks ago | Report Abuse

Will hold and more share for long term due to the dividend policy is so good!!..
Keep it up SF!!

mkmk

1,513 posts

Posted by mkmk > 3 weeks ago | Report Abuse

1.30 will come.....

Foogo90

121 posts

Posted by Foogo90 > 3 weeks ago | Report Abuse

Any update from EGM?

ccy123

279 posts

Posted by ccy123 > 3 weeks ago | Report Abuse

Q3 very good compare to last year. another 1.5c dividend. Bonus issue approved by EGM

UnicornP

2,752 posts

Posted by UnicornP > 2 weeks ago | Report Abuse

Higher gross profit compared to last quarter and prospect turns positive from last quarter.

Posted by value_investor77 > 2 weeks ago | Report Abuse

KUALA LUMPUR (May 6): Rubber processor and exporter Seng Fong Holdings Bhd's net profit jumped more than threefold in its third quarter, thanks to higher sales volume and average selling prices.

It said its net profit for its 3QFY2024 ended March 31 surged to RM15.14 million from RM4.05 million a year earlier, while revenue jumped 39.2% to RM300.32 million from RM215.72 million.

The company declared a third interim dividend of 1.5 sen per share, payable on June 19. Year to date, the company has declared a total dividend of four sen, compared with 2.5 sen in the corresponding period in 2023.

The group's share price hit its all-time high of RM1.22 during trading hours on Monday, before settling at RM1.18, one sen or 0.85% higher from Friday's close. At RM1.18, the group is valued at RM639 million.

Year to date, the counter has gained 42 sen or 55.26%. The strong 3Q results came after the group posted its best quarterly earnings in 2QFY2024 with a net profit of RM17.4 million.

For its nine months ended March 31 (9MFY2024), the company reported a net profit of RM40.84 million, double the RM19.62 million it made in the corresponding period in 2023, as revenue grew 15.6% to RM807.35 million from RM698.18 million.

There has been higher consumption of natural rubber due to the growth of the automotive industry, led by the growth of electric vehicles in the US and China, Seng Fong said.

As such, it expects to expand its annual capacity by 14.5% to 190,000 MTS for FY2024, compared with 166,000 MTS in FY2023, by increasing the production hours across all three of its factories.

The group is also planning to install smart rubber manufacturing equipment at a total cost of RM26.1 million in all its factories to automate its manufacturing process. An initial payment of RM2.7 million has been made to its vendor Guangdong Ruobo Intelligent Robot Co Ltd using internal funds, the group said. The balance will be paid using proceeds from its private placement announced in February this year.

While flagging that the anticipated US Federal rate cut will affect foreign exchange movements, the group — which saw its revenue come mainly from customers in China, Hong Kong and Singapore — remains cautiously optimistic about achieving sustainable growth and good financial performance.

Source: https://theedgemalaysia.com/node/710524

sammyramon

478 posts

Posted by sammyramon > 2 weeks ago | Report Abuse

👍👍💪💪💪

yongyong88

394 posts

Posted by yongyong88 > 2 weeks ago | Report Abuse

at peak. will wait for correction...

ccy123

279 posts

Posted by ccy123 > 2 weeks ago | Report Abuse

Once the factory automation projects aka IR4 complete and running, its production efficiency will improve and immediately labour cost saving. BUY

trader808

295 posts

Posted by trader808 > 1 week ago | Report Abuse

1 On the 7th of May after which Seng Fong has announced a 3 fold jump in profit against its last year corresponding quarter, share price hit 122 and then strongly collapsed 9 sen to touch an intra day low of 113 and ended the day at 115 over considerably huge volume exceeding 5million shares traded.

2. There were volume and volatility and the 9 sen retraction on a single day has been the biggest and worst in Seng Fong.

3 Many may have taken profit and presumably laughing to the bank. Personally, I am of the opinion that if you can't handle Seng Fong at its worst, then you sure as hell don't deserve Seng Fong at its best.
Seng Fong is trading between 113 and 116 now. Somedays. it will bounce back slowly and safely.

4The dividend is just a week away and the bonus shares are forthcoming.

5. Hence ,If you are a long term value investor, you should not overly worry but, believe in the great fundamental, pro active, resourceful and result oriented management of the company.
6. Happy trading.

This write up was posted on 9/5/24

trader808

295 posts

Posted by trader808 > 1 week ago | Report Abuse

1Tomorrow is the ex-date for 1.5 sen dividend
Congratulation to those who are still invested in Seng Fong.

2. The next good news will be the bonus issue. It is happening.
3Hang on to it
Happy trading
16/5/24

troy88

2,659 posts

Posted by troy88 > 8 hours ago | Report Abuse

Underrated stock with solid profits..

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