Posted by duriand24 > 2 months ago | Report Abuse

Volume not here also, hard to move

Posted by YieldSeeker > 2 months ago | Report Abuse

Small volume also can make it move like this. Imagine a volume of over 1 million 😉

Posted by wiminvestor > 2 months ago | Report Abuse

good timing to pick up Synergy now. time for 2.00 this month

Posted by KaiserKazer > 2 months ago | Report Abuse

So confident? 1.50 first should be no problem

Posted by kahfui1221 > 2 months ago | Report Abuse

Sorry to know but demand for furniture in the US is undoubtedly increasing
https://reliefweb.int/report/world/severe-thunderstorms-and-flooding-drive-natural-disaster-losses-first-half-2024

Posted by Luisa7 > 2 months ago | Report Abuse

Synergy will make another record high in revenue and PAT as well

Posted by w0nderfultime > 1 month ago | Report Abuse

Synergy alrdy deliver result from 2022 -2023 and will continue in 2024...

Posted by VeeCJay > 1 month ago | Report Abuse

suprisingly still holding its ground, 1.10 is the strong support here

Posted by LalisaFang > 1 month ago | Report Abuse

It's really a Monday blue... Let's see market will rebound tomorrow or not ..

Posted by kahfui1221 > 1 month ago | Report Abuse

Local furniture market sees 30% increase in demand according to stakeholder🙂

Posted by mf > 1 month ago | Report Abuse

BREAKING
Dow futures drop 900 points, Nasdaq 100 futures lose 5% as global market rout picks up steam

Posted by fl1zz0 > 1 month ago | Report Abuse

got extra bullet can pick up, Synergy below 1.20 is a bargain

Posted by duriand24 > 1 month ago | Report Abuse

Bought the dip, all the best & wait limit up again hahaha

Posted by YieldSeeker > 1 month ago | Report Abuse

Limit up is a bit difficult in this market situation ... However, there is no harm in collecting at this price 🙂

Posted by TradeHarbor > 1 month ago | Report Abuse

Synergy House Berhad is one of the largest furniture designers and exporters in Southeast Asia established since 1990 with customers across Europe, USA, the Middle East 😉 and Southeast Asia

Posted by StingRay > 1 month ago | Report Abuse

Just got back from my holidays. I personally believe it is time to put some focus back into Synergy. Will collect and if possible on weakness. I have faith that they will produce excellent results in time to come. Best of luck to all. ✌️

Posted by wiminvestor > 1 month ago | Report Abuse

Synergy becoming a big winner again! No more bargain price below 1.10!

Posted by LalisaFang > 1 month ago | Report Abuse

RHB gives the target price of RM1.36 🆙

https://klse.i3investor.com/web/pricetarget/research/72108

Posted by KaiserKazer > 1 month ago | Report Abuse

Very possible to hit the new tp in few months time.... 1.50 next stop

Posted by Luisa7 > 1 month ago | Report Abuse

Furniture was one of six to report growth in new orders from June, with the fifth biggest increase, and the category was one of four to see overall production growth (second largest of the four)

https://www.furnituretoday.com/furniture-manufacturing/u-s-manufacturing-contracts-more-rapidly-in-july-but-furniture-rises-again/

Posted by DouglasLiu > 1 month ago | Report Abuse

Furniture sales in the United States must be very good one

Posted by VeeCJay > 1 month ago | Report Abuse

BUY, new TP of MYR1.36 from MYR2.01, 26% upside with c.1% FY24F yield. We cut FY24-25F earnings by 19.8% and 12.2% due to escalating freight rates and higher-than-expected expansion costs. Post lowering our 3- year earnings CAGR to 29% (from 39%), we also trim our target P/E to 15x from 25x, and roll forward our valuation year to FY25F.

Posted by VeeCJay > 1 month ago | Report Abuse

RHB still set a 26% upside, not too bad with current market condition

Posted by LalisaFang > 1 month ago | Report Abuse

actually RHB cut the target price from RM2.01 to RM1.36, but they keep the “buy” rating

Posted by w0nderfultime > 1 month ago | Report Abuse

No worries, synergy still can bring in profit.. collect below 1.10

Posted by fl1zz0 > 1 month ago | Report Abuse

Synergy below 1.10 definitely a bargain, keep 2-3 months can climb back to 1.50 again

Posted by kahfui1221 > 1 month ago | Report Abuse

Today close at RM1.10. It probably will continue to move up next week

Posted by Luisa7 > 1 month ago | Report Abuse

If this strong momentum continues, it seems difficult to collect it below RM1.10

Posted by DouglasLiu > 1 month ago | Report Abuse

If you're quick, you can definitely get it at rm1.09 this morning 😃

Posted by duriand24 > 1 month ago | Report Abuse

not much diff lah, strong support forming now

Posted by YieldSeeker > 1 month ago | Report Abuse

A big difference for people who buy many lots

Posted by wiminvestor > 1 month ago | Report Abuse

collect Synergy before result out end of this month, tp1.30-1.50

Posted by TradeHarbor > 1 month ago | Report Abuse

Today still can collect it at the price less than RM1.10 😏

Posted by VeeCJay > 1 month ago | Report Abuse

Synergy still under some sell pressure... can it close green today

Posted by KaiserKazer > 1 month ago | Report Abuse

what to do lol oversold too much now, just buy buy buy !

Posted by kahfui1221 > 1 month ago | Report Abuse

Good time to collect it as weakness has shown

Posted by ripcudin78 > 1 month ago | Report Abuse

Tembak some

Posted by fl1zz0 > 1 month ago | Report Abuse

actually oversold too much, you can try tembak around 1.05 if u want

Posted by w0nderfultime > 1 month ago | Report Abuse

SYNERGY alrdy rebound from Hillsdale incident, currently safe to enter

Posted by LalisaFang > 1 month ago | Report Abuse

Q4 results are out ... Got provision for doubtful debts due to the Hillsdale incident amounted to RM13.4 million

Posted by Luisa7 > 1 month ago | Report Abuse

If this one-time bad debt is excluded, it will not be a loss but a profit

Posted by ChloeTai > 1 month ago | Report Abuse

Initially, Synergy looks great. But today's (14.8.24) loss making quarter results will make it down the hill.

Posted by DouglasLiu > 1 month ago | Report Abuse

It makes a strong rebound after ikan bilis sell 😆 Thanks for selling at RM1.03 to me by the way

Posted by duriand24 > 1 month ago | Report Abuse

Result out now, anyone selling so I can pick up lower?

Posted by mf > 1 month ago | Report Abuse

sell

Posted by wiminvestor > 1 month ago | Report Abuse

see how can go how low first.... so far so good...

Posted by TradeHarbor > 1 month ago | Report Abuse

Although global economic challenges continue, SYNERGY's business is expected to be less affected given the affordable nature of its furniture products. In addition, the company is well positioned in the B2C sales sector and has established a strong presence on third-party e-commerce platforms in the United States, the United Kingdom, Canada and Germany. Furthermore, during the current financial quarter, the company will further expand its presence in a new market, namely France

Posted by LalisaFang > 1 month ago | Report Abuse

According to Allied Market Research, furniture market will reach $840.5 billion globally, by 2034 at 4% CAGR. This is driven by increased demand for residential and commercial furniture as populations migrate to cities

Posted by LalisaFang > 1 month ago | Report Abuse

accumulate it before it go up to RM1.50 and above 😉

Posted by Coralmoon > 1 month ago | Report Abuse

Gogogo, Synergy! ✌