SENG FONG HOLDINGS BERHAD
KLSE (MYR): SENFONG (5308)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
1.04
Today's Change
0.00 (0.00%)
Day's Change
1.02 - 1.06
Trading Volume
666,700
Company Announcement
| Date | Subject |
|---|
Discussions
Be the first to like this. Showing 50 of 92 comments
This is one shitty IPO. Worst among IPO. Go on IPO just to collect money to settle bank loan. Treats the buyer as water fish. Pity those with hard earned money
2022-07-12 17:03
Ingatkan raw material all sourced locally. Rupanya mostly imported. Just like what @stockhunter55 says.
If one day car production goes down hill, you can imagine what can happen alry as the main customer is tyre manufacturer...
2022-07-13 11:23
Very enticing to investor to invest, in prospectus say going to give 50% of Profit to investor as dividend. Newbie saw this mesti beli. Tapi before can give, share holder must approve, bukannya jatuh dari langit :D
2022-07-15 10:01
Errrmmmm...petanda baik ke tak baik ???
https://www.malaymail.com/news/money/2022/07/15/european-car-sales-slump-14pc-in-first-half/17599
https://www.malaymail.com/news/money/2022/07/15/stats-dept-natural-rubber-production-63pc-lower-in-may-2022/17571
2022-07-15 17:25
Don't dream on, 3 sen dividend not much also. money collected from more than half of IPO fund use to pay it's debt. How far can it fly.
2022-08-27 22:47
@redhotpepper, interim 3% so let's hope they will declare on each quarter. Not bad for a counter below 0.80 sen. I will keep as my EP is around 0.63 sen.
2022-08-28 10:23
US inflation rate has reached it peaks in Jun 2022 and starts decreasing until now. Fed may relax it int rate hikes soon. Recessions will not be materialised.. Starts collecting
2022-10-04 11:57
Yezzaaaaa!!!!!...............nice brekout at 0.710, otw to previous FV 1.07
2022-12-21 11:10
Rubber market ends with SMR 20 at highest level since November 2022
https://www.nst.com.my/business/2023/01/874095/rubber-market-ends-smr-20-highest-level-november-2022
2023-01-27 20:15
suddenly dropped and stuck from 0.740 to 0.725 and no trading from morning till evening
2023-03-30 15:41
higher NPM in coming quarters and the expansion of major customer's business will be growth catalyst
2023-12-08 15:20
Seng Fong posts best quarterly earnings since listing; planning private placement, bonus issue
https://theedgemalaysia.com/node/702191
1 month ago
1.Seng Fong never has a good day since its listing. Its share price has been loitering below IPO price for a prolonged and frustrating period. Today it has awaken and opened with a 2 sen gap up. It has attracted considerably huge buying interest and closed the day with a bullish engulfing candlestick at 81 sen.
2. In the last three quarters, SF reported profit of 2.97m in 4Q23, 8.29m in 1Q24 and 17.4m in 2Q24. Clearly the profit performance for SF has moved from mediocre to good and from good to great. The management in its advisory statement on the future and prospects of the company believes that it earnings will be spectacular and sustainable in the coming quarters.
3. In the 1H, the substantial rise in revenue and profit was attributed to the upgrading of production capacity arising from technology and automation as well as the implementation of factory operating time from 12hr shift to 18hr shift.
4. The additional hours of operation had permanently increased the production output from 166mt to 190mt annually.
5.The hard work and improvement effort undertaken by the management has begun to show up and reflected in the current remarkable and commendable result announcement of 17.4m as compare to 6.9m in the corresponding quarter last year.
6. For the 1H24 SF has accumulated profit of 25.6m. If SF is able to maintain its profit performance, than its year end earnings would be 51.2m. The company has issued and paid up share capital of 513m therefore, the EPS is 10sen.
7. The current bursa PE of 30 blue chips companies is between 13x to 15x and considering that SF being a relatively unknown, yet a PE of 11x would potentially value SF at Rm1.10 by year end.
8. Hence, basing on this analysis and valuation the upside potential of SF in the foreseeable future is astronomical. Therefore, it is unwittingly wasteful to dispose when SF has just only waken up to bursa. The selling would be somewhat pre matured.
9. The company has a dividend policy and the payout ratio is 30%. It has declared a 1.5 sen dividend and the ex date is on 15/3/24. The dividend payment date is on 5th Apr.2024
10. SF has also announced that it will undertake a bonus issues to reward its loyal and long term steadfast shareholders. For every 3 shares held, investors will be rewarded with one bonus shares on a date to be determined later.
10. In the meanwhile the company will undertake a private placement to place out 10% or about 51.3m new shares to selected investors or institutional funds. The indicative placement price is 75sen and SF is aspired to raise Rm38.5m.
Fund raising through private placement is fast, efficient, interest saving and less burdensome. There is no interest payment and absence of repayment of principle amount or borrowings.
11. It would be interesting to see who subscribe to the 51m placement shares. What transpire that motivates the subscribers and the reasons and great confidence they have on the prospect of the company and future intrinsic value ascribed to SF.
12. New investors have awaken to Seng Fong's remarkable and commendable profit performance. Good days have arrived and the best day is still ahead of the company.
13. There is value in SF. You have been enlightened.
Are you still sucking your thumb?. The choice is yours.
Happy trading
26/2/24
1 month ago
Prospects and Outlook for the Current Financial Year
The global economy would continue to face challenges and uncertainty with the business environment of the
geopolitical tension in Middle East that may impact the global growth. The Group will monitor the US Monetary
Policy to the exposure on foreign exchange movements on a regular basis for our management's assessment on
the need to utilise financial instruments to hedge such currency exposure. The Board is optimistic of the prospects
to provide a sustainable and strong positive result for financial year ending 30 June 2024.
Following the completion of increasing production hours in all the three factories by adding a second working shift, thus increasing our production hours from 12 hours a day to 18 hours a day. Therefore, our total annual capacity is expected to increase to approximately 190,000 MTS in financial year 2024 compared with approximately 166,000 MTS in financial year 2023. The Group continues to capture on the increasing demand from markets of China and India which are the largest world consumers of natural rubber driven by the growth of their automotive industries.
The installation of the Biomass System to generate gas from wood chips as a fuel source for our dryer system is
aiming towards cost-saving by replacing the consumption of diesel; however, there is further fine-tuning required
by the vendor after the commissioning. This initiative will not only result in substantial cost savings in diesel
consumption and carbon footprint deduction but also demonstrates our commitment to compliances of ESG
requirements and in the long-run achieving sustainability objective.
In cognizant of the significance of sustainability in generating long-term value for the businesses and stakeholders
and as part of the growth strategies, Syarikat Tenaga (Gemas) Sdn Bhd, a wholly-owned subsidiary of the
Company has entered into the sales contract with Guangdong Ruobo Intelligent Robot Co Ltd from China on 1
December 2023 to purchase the Smart Rubber Manufacturing Equipment at a purchase price of
RMB10,430,000.00 (Renminbi Ten Million Four Hundred and Thirty Thousand) or equivalent to approximately
RM6,779,500.00 (Ringgit Malaysia Six Million Seven Hundred Seventy Nine Thousand Five Hundred). Such
installation would take place in Factory 2 first; this is in line with the adoption of Industry 4.0 towards automation
in manufacturing processes which is to further enhance production efficiency and achieve cost-efficiency as well
as reduce reliance on foreign workers.
Q2 Dec 23 Report dd 23022024
1 month ago
1.There is value in SenFong and you have been enlightened since Feb 26th.
2.Share price has gone up from 77 sen to an intra day high of 1.03 and closed at 99 sen today. That is a spectacular rise of 28.5% in 3 weeks and an incredibly impressive performance.
3. What would you do tomorrow?.
If you keep your shares until tomorrow and the ex date is 14/3/24 hence, you are entitled to 1.5sen dividend.
4. Perhaps you are aware that the company has submitted a proposal to raise fund by selling 10% new shares through private placement and a 1 for 3 bonus shares to reward its loyal shareholders.
5. In light of the forthcoming corporate exercise, it may not be a bad idea to stay invested and ride on the positive news and profit from it.
6. All the best.
Happy trading
12/3/24
1 month ago
1.Today is the ex date and for those who have kept their shares congratulation, you are entitled to 1.5sen dividend.
2. Good days have arrived and better days are still ahead of SenFong.
3.By tomorrow it will be exactly 3 weeks in which the company has submitted its proposal to Bursa for the 10% placement shares and the 1 bonus share for 3 existing shares.
4. Traditionally, Bursa will respond within 3 weeks and that means SenFong could reasonably expect to receive its approval.
5 In the coming days when the bonus issue becomes a certainty, there will be volume and volatility.
6 Enjoy the ride and profit from it.
Happy trading
14/3/24
1 month ago
1.No one would respect you and your one line utterance of *pp will kill u* until you support it with an analysis and substantiate it with facts and numbers.
2. In the spirit of sharing, learning and earning together and for the benefits of fellow members in the forum, Lee YY could you write an analysis to enlighten us in what way and how PP would kill anybody.
3. In the meanwhile, many and I remained undeterred and unperturbed by your single line expression.
4. The ball is in your court.
Awaiting your response.
22/3/2024
3 weeks ago
No worry to hold long term for the strong fundamental company like SF...
at least the bonus & dividend is good enough...
3 weeks ago
SENFONG
a very strong stock:
https://www.tradingview.com/x/gDnwGKr6/
++++++++++++++++++++++++++++
Written by analyst jiaming8yap:
Q2 FYE2024 – strongest single quarter performance since listing
- Q2 FYE2024 - Revenue RM287.6 mil, increased 25% vs same quarter LY;
- Revenue based on geography contribution: China (52%), HK (18.5%), SG (29%), Others (<1%)
- Transactions and revenue are done in USD
- Q2 FYE2024 - Net profit RM17.4 mil, increased 151% vs same quarter LY; obtained highest ever profit margin at 6.1%
- Previous production capacity: 166,000MTs in FY23; Current production capacity: 190,000 metric tonnes (MTs) in FY24
- In all its three factories increased production hours, from 12 hours to up to 18 hours a day, by adding a second working shift.
- Average utilisation rate is around 85% - 87%
- Cost-saving measures: 1. Installation of the biomass system to generate gas from wood chips as a fuel source for its dryer system, replacing consumption of diesel 2. Implementation of automation in manufacturing processes to reduce reliance on foreign worker.
- On point 2, Syarikat Tenaga (Gemas) Sdn Bhd, their wholly-owned subsidiary has entered into a sales contract with Guangdong Ruobo Intelligent Robot Co Ltd from China on 1 Dec 2023 to purchase the Smart Rubber Manufacturing Equipment at a purchase price of RMB10.4mil (~RM6.7mil).
- Inventories have increased significantly, in tandem with their trade receivables.
- Dividend payout ratio at 50% PAT
Future prospects and catalyst:
- Approximately 70% of global natural rubber is used for tyre manufacturing, hence the demand for natural block rubber depends greatly on the development of the automotive and tyre industries.
- Increasing demand from the China and India markets (2 of the largest world consumers of natural rubber), spurred by emerging demand in the automotive industry.
- Fluctuation of crude oil prices. demand of supply of rubber and seasonal factors such as El-Nino and La Nina effect also may affect them.
- by 2035, $SENFONG / 5308 (SENG FONG HOLDINGS BERHAD) target to increase capacity to 250,000 MTs per annum, and they look to achieve it through either locating a strategic site for constructing new factory buildings or pursuing business acquisitions, if opportunities arise.
Corporate actions to take note and study further:
- Proposed private placement of up to 51.9 million new ordinary shares, representing up to 10% of the total number of its issued shares
- Bonus issue of up to 190.3 million shares on the basis of one bonus share for every three existing shares.
2 weeks ago
Concern over rubber supply shortage boosts SMR 20 price
https://www.thestar.com.my/business/business-news/2024/04/08/concern-over-rubber-supply-shortage-boosts-smr-20-price
1 week ago
1.The 1 for 3 bonus shares have become a near certainty. The extra general meeting to obtain shareholders' approvals has been fixed on 6th. May 2024. Investors who has the strength and stamina to hold onto the shares will be rewarded handsomely.
2. It is surprising that there has been no news on the placement shares considering that the EGM for bonus shares is just 3 weeks away.
3. Market is anxiously waiting for the news and development on the placement shares. Once it is done, the new shareholders with a 10% stake in the company will will have and interest to sustain the share price at elevated level.
4. Seng fong for the past few trading days had closed between 106 and 109 with intraday height reaching 111 on considerably big volume.
5. Once, this is broken, better days are forthcoming.
6. Happy trading
15/4/2024
3 days ago
Post a Comment
Featured Posts
New Update. Discover investment communities that resonate with your ideas
MQ Trading Signals
Time
Signal
Duration
Type
2024-04-18 16:15:00
ADX
5 Mins
SELL
2024-04-18 16:10:00
EMA 5
10 Mins
SELL
2024-04-18 16:00:00
EMA 5
Hourly
SELL
2024-04-18 16:00:00
ADX
10 Mins
SELL
2024-04-18 16:00:00
EMA 5
5 Mins
SELL
Apps
Top Articles
1
Good Articles to Share
Slower US Fed pivot weakens rate-cut bets across emerging Asia
2
Good Articles to Share
Bank of America CEO talks earnings, consumer spending, and inflation
3
Good Articles to Share
4
6
Good Articles to Share
7
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
redhotpepper
It depends one few major customers. if major customer not buying, terus menjunam dah
2022-07-12 09:56