Posted by ChloeTai > 2024-04-25 14:30 | Report Abuse

Synergy House may trend higher, says Rakuten Trade

KUALA LUMPUR (April 25): Synergy House Bhd may trend higher after breaking out from its one-week bullish rectangular pattern two sessions ago, to a new all-time high.

In a technical view note on Thursday, the research house said that as the stock formed a white marubozu candlestick on Wednesday coupled with the 20-day exponential moving averages (EMAs) pointing upward, the uptrend may continue in the near term.

“We expect the rising momentum to steer the stock higher and test the next level of resistance of RM1.38 (R1), followed by RM1.50 (R2).

“Fundamentally, we like Synergy for its B2C (business-to-consumer) focus, aiming for a 70% revenue share by FY2025, which promises higher margins,” it said.
Additionally, the research house said Synergy stands out for prioritising design and online sales, supported by artificial intelligence (AI)-driven market insights.
“Their expansion plans, which involve broadening product offerings and venturing into new markets like France, further solidify their position for growth,” it said

Posted by ChloeTai > 2024-04-25 23:57 | Report Abuse

XIAOCHEN said: Just by holding one stock only (YTLPOWER) from below 70 sen to RM4.00 ++, he/she has become a millionaire. I respect him/her. Those who gamble in HSI call warrants and put warrants, out of 10, 9 will lose money. All structured warrants (HSI-C & HSI-H) have time decay and the swing of index can hardly be predicted. But holding a stock for longer term is not gambling.

Posted by ChloeTai > 2024-04-27 15:04 | Report Abuse

I could well-remembered Mr Ooi Teik Bee won the I3investor Stock Picks Portfolio Contest in a certain year due to his powerful HEVEA-WA. Hevea is a furniture manufacturer company. He did recommended in I3. Those who bought and held from 2 January to 31 December made a fortune. At that time, shares below RM1 were half a sen per bid, shares from RM1 to RM5 were 2 sen per bid, shares from RM5 to RM10 were 5 sen per bid and shares above RM10 were 10 sen per bid.

Posted by ChloeTai > 2024-04-27 20:24 | Report Abuse

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-04-27-story-h-182789447-Synergy_House_Berhad_FY2024_Outlook_Annual_Report

Posted by goldmanbull > 2024-04-29 12:30 | Report Abuse

In line with RHB PER upgrade from 15x to 20x, I am revising my target price to RM1.97. This is on the premise of 20% QOQ growth from latest quarter EPS and conservative view that subsequent 3 quarters will remain flat.

Posted by ChloeTai > 2024-04-29 12:50 | Report Abuse

RHB Research:
Keep BUY, new MYR1.61 TP from MYR1.08 (21% upside), c.2% FY25F yield. We are optimistic on the potential of data analytics to study customer behaviour and boost traffic, thereby driving scalability in Synergy House's business-to-consumer (B2C) e-commerce business. Given its higher-than- expected earnings growth (compelling FY24F PEG of 0.3x) and scalability, we have raised the P/E ratio from 15x to 20x FY24F earnings, resulting in our higher TP. The valuation is consistent with the 5-year average P/E of its closest regional peer, Zhiou Home Furnishing Tech.
Business-to-business (B2B) sales growing: In 4Q23, Synergy fulfilled the first batch of a new order for interlocking drawers from its US wholesaler, Customer A. The order was in response to new safety standards enforced by the US Consumer Product Safety Commission, requiring interlocks in clothing storage units. Following positive customer feedback, Customer A placed 400 more container orders for one of the world’s largest hypermarkets to sell in stores and online in the US. While existing B2B product line orders are unchanged, we adjusted our B2B sales growth from flattish to a 10% hike. We revise FY24F and FY25F core earnings projections upwards by 12% and 12.5% to MYR40.2m (+54% YoY) and MYR51.3m.
Embracing artificial intelligence (AI): At a recent site visit, we saw how Synergy fully integrated AI and data analytics into its operations, from design and development to project management, advertising, monitoring, marketing, and shipping. It has adopted cutting-edge semi-automatic drawing software for product design, and instead of manual photography, it uses 3D product images and room views. In advertising and monitoring, it conducts competitor analysis by monitoring changes in pricing and sales via AI-powered tools. It uses data analytics to identify most-searched keywords to reach its target customers. In marketing, it uses data analytics to access real-time data from online platforms on order replenishment and market trend analysis, including preferred colours and best-selling designs. AI is used in drafting product descriptions, while chatbots and AI are used for customer service. AI adoption enhances productivity and speeds up B2C sales growth.
Expansion on track: Synergy had 185 employees as of March, and aims to reach 200 this year. In efforts to diversify its reliance on Wayfair US, its B2C sales in the UK and other new platforms are growing fast. Early this year, Synergy kept sufficient inventory in third-party fulfilment centres for new year sales in the US and UK after experiencing a shortage in 1Q23. This year, it is also increasing its B2C SKUs by 25%. As B2C sales growth is anticipated to outpace B2B, we expect higher-margin B2C sales to eclipse B2B sales in FY24. B2C sales are also expected to account for 70% of total sales in FY25.

Posted by ChloeTai > 2024-04-29 12:55 | Report Abuse

https://klse.i3investor.com/web/blog/detail/Chloe_Tai_Blog/2024-04-29-story-h-182761519-RHB_Research_Going_All_Out_Keep_BUY#google_vignette

Posted by FintechHarmony > 2024-04-29 15:19 | Report Abuse

Limit up limit up!!!

Posted by James Ng > 2024-04-29 20:54 | Report Abuse

[转贴] [Video:浅谈SYNERGY HOUSE BERHAD, SYNERGY, 0279] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2024-04-29-story-h-182735790

Posted by goldmanbull > 2024-04-30 11:20 | Report Abuse

All the furniture company in Bursa must be jealous of Synergy now. It pays to do things differently.

Posted by ChloeTai > 2024-04-30 14:20 | Report Abuse

Synergy House Berhad is a pure-play furniture distributor that fully outsources the manufacturing works to third party.

Posted by SALAM > 2024-04-30 15:42 | Report Abuse

It's a matter of time where many more will catch up...haha

Posted by RotiBakartelur > 2024-04-30 17:47 | Report Abuse

Rhb so bullish on synergy

Posted by ChloeTai > 2024-05-01 12:24 | Report Abuse

Finally reach May 2024 where a majority of the companies will release their quarterly results.

Posted by goldmanbull > 2024-05-01 23:42 | Report Abuse

3 more weeks till quarterly results release. I am very excited on the prospects. Don't sell a good company just because it has went up. Keep your winners, cut your losers.

Posted by ChloeTai > 2024-05-02 19:31 | Report Abuse

On 27 May 2024, based on concensus, for 1st quarter results of FY2024, Synergy House Berhad is expected to achieve 300% of last year 1st quarter and at least 5% better QoQ.

Posted by ChloeTai > 2024-05-02 19:58 | Report Abuse

Based on B2C, B2B & AI, hopefully the above concensus can be achived.

Posted by ChloeTai > 2024-05-02 20:00 | Report Abuse

This forum is still very clean.

Posted by goldmanbull > 2024-05-02 23:17 | Report Abuse

Chloe Tai, dont worry and just sleep well. We have a strong management team. I listen to their webinar before. 100% confident that they will deliver.

Posted by zildjian > 2024-05-03 01:41 | Report Abuse

7100 go go go!

Posted by ChloeTai > 2024-05-03 22:17 | Report Abuse

Wow, the US markets rally after an unexpected "the US labour market cooled notably in April 2024". But Synergy House Bhd is moving sideway for the time being in low volume", waiting for the 1st quarter results to convince the big boys.

Posted by ChloeTai > 2024-05-04 17:18 | Report Abuse

So far, as I know there are two AI provider, which.are YTLPOWER and PIE. So far as I know, there are two AI user which are SYNERGY and ITMAX.

Posted by troy88 > 2024-05-06 09:38 | Report Abuse

Taking a rest but still strong..

Posted by ChloeTai > 2024-05-06 16:54 | Report Abuse

One day, forumers will say that I should have bougth at RM1.48.

Posted by ChloeTai > 2024-05-07 11:03 | Report Abuse

Bonus issues in the form of free WA and application for main board listing are expected.

Posted by ChloeTai > 2024-05-07 11:05 | Report Abuse

Then, later EPF would become substantial shareholders.

Posted by goldmanbull > 2024-05-07 11:31 | Report Abuse

This bull is strong with good fundamentals. I never sell a single share!!!!!! Sitting on unbelievable gains!!!! The next YTL Power in the making!

Posted by goldmanbull > 2024-05-07 11:32 | Report Abuse

I repeat. DO NOT SELL.

Posted by goldmanbull > 2024-05-07 11:33 | Report Abuse

When you buy right. Just sit tight and let your money work for you!

Posted by troy88 > 2024-05-07 14:12 | Report Abuse

Still damn bullish!

Posted by ChloeTai > 2024-05-07 17:17 | Report Abuse

AGM on 28 May 2024 at 10 a.m. Online AGM.

Posted by ChloeTai > 2024-05-08 16:03 | Report Abuse

Hmmm... Back to sideway movements, but with a higher sideway movement price. Got to wait for the 1st quarterly results on 27 May 2024 and the AGM the following day. SYNERGY got to justify its high PE.

Posted by ChloeTai > 2024-05-09 15:04 | Report Abuse

10 more trading days to reach 27 May 2024 night and 28 May 2024 morning. Just hold tight.

Posted by ChloeTai > 2024-05-10 12:32 | Report Abuse

9 more trading days to reach 27 May 2024 night and 28 May 2024 morning. KLCI is holding firm at 1,600 points.

Posted by ChloeTai > 2024-05-12 15:05 | Report Abuse

KLCI still holding well at 1,600 and trading volume in KLSE keeps on increasing. In this scenario, every counter will have their turn to go up. Synergy still holding strong at upper high sideway movement.

Posted by ChloeTai > 2024-05-14 17:48 | Report Abuse

Sold all Synergy. Shifted the profit to a portfolio consisting of Fronkn, Genetec, Greatec, D & O, Cresendo and SSB8.

Posted by minizzizin > 2024-05-15 19:39 | Report Abuse

can monitor & jump in if dip below 1.40

Posted by astor1es > 2024-05-16 18:36 | Report Abuse

Another stock in my portfolio

Posted by Schwoosh > 2024-05-16 20:38 | Report Abuse

hidden gem

Posted by ChloeTai > 2024-05-17 16:57 | Report Abuse

Bought back SYNERGY HOUSE BHD. I believe its 1st quarter FY24 will be very good.

Posted by strawberrymelts > 2024-05-17 17:49 | Report Abuse

counting down 6 more trading days to go

Posted by Goldberg > 2024-05-17 18:01 | Report Abuse

Glad you are back Chloe. Baffled that you sold out after believing in the fundamentals and brilliant management of this synergistic company that employs AI to the max. Synergy's brilliant Management will fuel its growth further to a multibagger stock.

Posted by ChloeTai > 2024-05-18 08:39 | Report Abuse

@Goldberg, after looking at how MI performed, I changed to a portfolio of all semiconductors. And it was purely luck (not fundamental) that US Joe Biden added tariffs to China, the semiconductor shares all went up. But it was only a one day show. So I sold all the semiconductor shares and shifted back to Synergy House.

Posted by ChloeTai > 2024-05-20 11:54 | Report Abuse

Added more at RM1.53. Next Tuesday morning, I believe it will perform well.

Posted by troy88 > 2024-05-21 11:28 | Report Abuse

Uptrend to resume after resting and consolidating for a while..

Posted by ktrader > 2024-05-22 06:59 | Report Abuse

Next station to go 1.80 ?

Posted by astor1es > 2024-05-23 14:13 | Report Abuse

once break 1.80, then 2.00

Posted by Schwoosh > 2024-05-24 15:41 | Report Abuse

SYNERGY coming home

Posted by goldmanbull > 2 months ago | Report Abuse

Home coming is real close

Posted by astor1es > 2 months ago | Report Abuse

aiyo, missed the 1.50 this morning