PE can drop to half if next quarter show new highs. Then, this stock is still undervalued. Huge TAM when your exposure is in USA and Europe and outsource manufacturing. Lots of growth opportunities. Your revenue is not limited to local market and the capacity of your factory. Period.
Simple maths guys. Step 1: Q4 2023 result: RM0.0205 EPS Step 2: Annualized: RM0.0205 EPS x 4 quarters = RM0.0820 EPS Step 3: Forecast 2024. Conservatively assume each quarter will only grow by 20% flat from Q4 2023 base and stay constant. RM0.0820 EPS x 1.2 : RM0.0984 EPS Step 4: Take Industry average PE 15 Step 5: Valuation. RM0.0984 EPS x PE 15 : RM1.48
TRANSLATION FOR THE ABOVE BLOG IN MANDARIN DATED 24 APRIL 2024
The stock price of SYNERGY (0279) touched the highest point of MYR1.31 today, attracting great attention from investors! Although this company is not directly classified as a furniture stock, it has become the strongest company in the industry with its stock price!
Judging from the capital market, SYNERGY experienced a huge influx of capital yesterday (take the red column at the bottom of the chart as a reference), which is obviously an inflow of smart money.
It is understood that my country’s e-commerce exports are expected to reach RM38.6 billion in 2027. As a leader in cross-border e-commerce in the Malaysian stock market, SYNERGY has entered markets such as the United States, the United Kingdom, Canada and Germany, and is looking to Enter more foreign markets.
SYNERGY has opened up the US market when many furniture companies are suffering in 2020, and the company has more than 25 years of design and sales experience in pre-assembled furniture. The company will launch the GALANO brand in 2022, which is now available in As seen on Amazon US, Amazon UK, Amazon Canada and other US e-commerce websites, the US market is the company's blue ocean market.
In addition to pure stock price trends, what may stimulate the company's business development in recent days include the signing of a cooperation agreement between MATRADE and Amazon Global to further assist cross-border e-commerce companies in reaching U.S. stock customers. For example, SYNERGY has achieved success with its unique cross-border e-commerce business model. More investors support the company's sustainable business model, of which the flow of funds is the best proof. It is understood that SYNERGY's management has also become a special guest speaker at the event, implying that SYNERGY has grown rapidly in just two years. During the year, successful cases were launched on multiple Amazon markets.
At the same time, this also confirms the success of SYNERGY's focus on direct connection with clients (B2C).
We predict that the company will continue to grow at an astonishing 30.0% per year at least in the future. The rise in the stock price is by no means groundless and is absolutely supported by fundamentals.
We continue to be optimistic about SYNERGY's development prospects.
Congratulations to those that patiently waited. Those that bought when I first highlight it at 0.375, now all of you laughing to the bank. But a friendly reminder, your profit will be profit when you realise it. Otherwise, it will still be in the book which may not be realise in time to come. Control your greed and you have won half the battle. Best of luck. ✌️
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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....
YieldSeeker
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Posted by YieldSeeker > 2024-01-29 19:38 | Report Abuse
believe it will break 0.90 next month