SHIN YANG GROUP BERHAD

KLSE (MYR): SYGROUP (5173)

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Last Price

0.84

Today's Change

-0.03 (3.45%)

Day's Change

0.835 - 0.88

Trading Volume

3,288,300

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
5 people like this. Showing 50 of 1,474 comments

Firefighter

Run, run, run

1 month ago

speakup

run to broker to buy more?

1 month ago

DividendGuy67

@SincereStock, nice trading.
Looking at this specific company for the first time. It's clearly a cyclical stock with most earnings from shipping and recently from shipbuilding. Have at least 2-3 really great years since 2021, able to turn around net debt to net cash, and started paying annual dividends twice. But cyclical also means eventually, shipping rates will turn down one day and the net cash will disappear and revert back to net debt if they don't manage well - we are talking over years. Worst fears during Covid pandemic, when it's Net Debt ballooned and share price dropped to a low 12 sen. Company has been buying back stocks up to 69.5 sen. unclear if company plans to buy back at 70 sen+ or not. I think releasing half at 76.5-77.5 sen looks right to reduce risk.
Longer term, no of vessels are reducing, so, the company doesn't think the good shipping rates will last longer than a few years and probably waiting for rates to eventually come down and then buy more vessels at the cycle low. This is normal shipping strategy to not chase but anticipate cycles.
I won't chase for sure. But it's in my radar screen for dips and cycle lows in the future coming years.

1 month ago

DividendGuy67

On paper, it's clear to me, management quality is superior - rates B+ or A-. Family owned business, founders 3 brothers + 1 sister age 60-71 i.e. they won't be around forever. Succession already in place with son age 42 sitting in the board. Just remember, business is cyclical over years. Just remember - despite good management, this stock can crash down to as low as 12 sen during Covid pandemic lockdowns / recession. This is not a Buy and Hold stock, don't buy it for the dividends, don't own it for its Net Cash.

1 month ago

daretocutandchange

same boss as sop

1 month ago

SincereStock

@DividendGuy67 nice insights

1 month ago

speakup

Smart money buy 60sen
Retailers rebut buy 80sen

1 month ago

SincereStock

sygroup going to correlate with harbour at 1 : 2

1 month ago

pang72

Speakup sifu, smart money bought 30c not 60c la...

1 month ago

pang72

Anywhere, smart or not smart...
If a taikon bought 80c @ 1mils shares sold 84.5c earns $45k a day..
A smart person bought 60c@20,000 shares sold 84.5c earns $4.9k

So..... Smart or not smart in every different sencerio different outcome!

1 month ago

pang72

As long as you warn money consistently and lost in control..
You shld be good in long run..

My learning after covid...

1 month ago

SincereStock

@pang72 I think what speakup meant was if a retailer don't buy when the price is cheaper, why chase only price goes higher? basically, those are what technical traders usually do. not fundamental traders

if you are not interested in a counter when it is cheaper, you not suppose to be interested in the same counter at more expensive price. assuming it's fundamental didn't change but only price changes

1 month ago

SincereStock

nevertheless, as opposed to speakup suggestion to bought in at 0.60, I would suggest bought in price at 0.685+ after the latest QR announcement, in corresponding of it's fundamental catching up with harbour but it's price hasn't reflected in correlation with harbour.

if you notice today movement between this 2 counters, you will notice strong correlation between the two, refering to near 2.48pm when both starting to dip at the same time. however, it is also proven that at this stage, sygroup is stronger and resisted better than harbour

1 month ago

pang72

Sincerestock,
Thanks for advise.
Your approach more favour to me that I keep an eye on SYGROUP after QR out with commendable 3c.
It is a buy like you say. Good!

1 month ago

SincereStock

sold a few sygroup to lock profit at 0.775, less than half left (12 june 2024 9.19am)

decided to reduce my stacks in logistic due to red sea creasefire agreement. besides, as i predicted sygroup : harbour price are getting closer into 1 : 2. too bad that it is due to harbour lowering down to sygroup, instead of sygroup chasing up to harbour

1 month ago

shawn88

They continue share buy back.. no idea

3 weeks ago

katara

steady .. even market red ..

3 weeks ago

katara

keep sbb..

3 weeks ago

SincereStock

top up a few sygroup at 0.760 (28 june 2024, 3.40pm). it's next QR maybe better due to higher local freight rate

2 weeks ago

shawn88

Possible 0.90?

1 week ago

SincereStock

sold a few sygroup at 0.835 (04 july 2024, 10.51am), still got a few left

1 week ago

SincereStock

SincereStock

sygroup going to correlate with harbour at 1 : 2

3 weeks ago

happening already now, sygroup has now overtaken harbour price in term of 1 : 2 ratio. with sygroup rally higher to 0.830 from 0.70, while harbour remain stagnant at 1.6 level

1 week ago

SincereStock

no more free gap meat now at sygroup, but now let's see if both counters can rally higher towards respective's NTA

1 week ago

SCM2023

Watch this video but is about a month ago video https://youtu.be/ewtuxbyPjuU?si=lIVYvJmOBJLZZZWV

1 week ago

SincereStock

top up a few sygroup at 0.790 (05 july 2024, 3.32pm), bought back those I sold yesterday at 0.835

1 week ago

BemyAdm1n

Price is in wave 5 elliot wave.

Target is another 10 cent.
Updated full trading plan for client. Find me on tele

6 days ago

SincereStock

technical analysis is irrelavant here

5 days ago

shawn88

back to
0.79 ...

3 days ago

speakup

JP Morgan issue Sailang All In call
Ini kalilahhhhhh

3 days ago

SincereStock

buying into boulevard jaya motor company for to generate more consistent income and diversity

3 days ago

shawn88

Dealer of umw .. possible to get sell Sime Darby ev in future? 🤔

3 days ago

speakup

Half it's net cash given to owners

3 days ago

Faiza

rpt usually favour the owner

3 days ago

SincereStock

top up few more sygroup at RM0.815 (12 july 2024)

3 days ago

SincereStock

offload a few sygroup at RM0.880 (12 july 2024, 9.26am)

3 days ago

SincereStock

my own thinking is that, the transaction is by company own cash and treasure share, is better to buy into new company than just keep the cash / treasury shares without doing anything

any additional profit is good (unless the company make losses in future due to subsidy affect)

ling family stakes in sygroup now higher they probably want the price to go up further, previously the share buy back intend is also want to pump up the pirce instead of trying to collect lower only

but still the main concern here would be whether the purchase price is reasonable

3 days ago

EatCoconutCanWin

Bursa should query this damn stock for soaring too much. Scam

3 days ago

EatCoconutCanWin

Scam....

3 days ago

SincereStock

@EatCoconutCanWin

lmao, 10%+ in response to a very good news, not even limit up, you are really delusional not knowing the value of this company. it is still traded below NTA unlike those true scam counter that traded way way beyond NTA.

go report if you really think this is a scam, don't be a sour grape here

with such mentallity you hardly make any good profit in bursa

3 days ago

katara

syg pb 0.79 harbour pb0.8 fair

3 days ago

daretocutandchange

accumulated shares buy back ,how will it treaded in accounting ? possiblity as profit minus average of share back or totally loss as a provision

3 days ago

SincereStock

@katara sygroup needed to be revaluate base on the purchase price of boulevard jaya motor and future profit generateable from this company

3 days ago

SincereStock

@daretocutandchange not sure about the exact accounting but it should be very less relavant, as now those shares will go back to ling family in a trade of incooperating their other business of motor company into sygroup

should be a good thing as this year long buy back obviously attempt to push up the price without intention to collect low. (usually done at closing to push up the tprice).

the buy back may or may not stop right now but the job has been done. now ling family will get those shares, should be time to unleash the company value in market price along with it's new source of diversified additional income.

good thing about this company purchase is that it don't involves any loan or acculmulating of fund through or new share listing. all is done through company own extra idle cash and treasury shares. the new source of income from motor can be assumed as a free bonus

3 days ago

SincereStock

only possible negative outcome is that the purchase price is unreasonably high or IF the motor company is actually not a profit making company

3 days ago

speakup

Anybody curi ayam today?

3 days ago

shawn88

possible all time high 1.00? wondering Ling family next will buy what

2 days ago

SincereStock

@shawn88 good possibility if next QR deliver as expected

2 days ago

SCM2023

Shawn88, You can see that they have been injecting a few businesses into SYGroup, and it’s likely that more will be in the pipeline, considering they hold many profitable companies within Shin Yang. This counter move very slow and may switch gear from here on

17 hours ago

hw0706

the family use the listed company to get cash out

4 hours ago

SincereStock

win win situation for the family and other shareholders imo, as sygroup acquired more subsidiary companies with cash & treasury shares (without loan / private placement / listing additional shares that will dilute the value of the company)

3 hours ago

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