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Hi SgYuan,
Appreciate you can provide your EW insight of this sunningdale. Thks
Appreciate you can provide your EW insight of this sunningdale. Thks
A healthy pull back. No stock can rise higher without profit taker........the drop not much consider the rise from 1.87........
Soon AEM will follow.
johnnywalker ( Date: 25-Jan-2018 14:43) Posted:
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It&rsquo s in correction mode today
Significant gain for days........look like gaining momentum....
Traditionally they don&rsquo t give interim dividen, last year was special, that&rsquo &rsquo s why there was a interim div. We can only hope it becomes a standard issue annually
spore1 ( Date: 24-Jan-2018 12:32) Posted:
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They have already given out interim dividend of 2.5 cents .Est Target price of 2.35
alexmay34 ( Date: 24-Jan-2018 11:49) Posted:
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Last year result announced on 27Feb give dividend of 6 cts, this year divy should not be any less. After the share consolidation of 5 to 1 , is there a chance of a bonus issue? Just hoping, dyodd vested
after AEM. its turn to push up.
At current since it drop from it peak. The valuation look attractive compare to other same industry stock.
What&rsquo s happening to this unloved share. Any exciting stories? When is reporting? any dividend coming?
Rose a lot today! But still below my entry price x.x entered at wrong timing
http://www.nracapital.com/reports_pdf/eng%20how%20021017.pdf
Msport ( Date: 02-Oct-2017 10:13) Posted:
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Trading at attractive multiples compared to peers. We recently conducted a scan some
of the publicly listed manufacturing services providers in Singapore, including precision
plastic moulding companies. These companies included Venture, Hi-P, Valuetronics,
Sunningdale, Fu Yu, Memtech and Fischer Tech. Among these companies Sunningdale
and Memtech stand out for their low P/E multiples, compared to an average P/E of 13.46x
trailing 12-month earnings. In this article, we pick the larger of the two, Sunningdale, for
discussion.
Figure 1: Peer Comparison
Source: Bloomberg, Company filings
Background &ndash global manufacturer with annual revenue of S$706m. Sunningdale is
a manufacturer of precision plastic components with capabilities ranging from product &
mould designs, mould fabrication, injection moulding and complementary finishing to the
precision assembly of complete products with 19 manufacturing facilities across nine
countries - Singapore, Malaysia, China, Latvia, Mexico, Indonesia, Thailand, India and
Brazil. Customers come from the automotive, consumer/IT and healthcare sectors.
Strong earnings momentum. In 1H 2017, the company reported net profit growth of
115.2% to from S$7.4m a year ago to S$15.9m. After adjusting for non-operating
expenses such as retrenchment costs incurred in 2016, net profit growth was still an
impressive 49.3% year-on-year. In fact, adjusted net profit grew by 57.1% year-on-year in
2Q17, compared to 41.3% in 1Q17.
Earnings growth was driven more by gross margin improvement in 2017, which coincided
with the completion of the new manufacturing facility in Chuzhou, China during 4Q 2016,
as revenue grew by only 6.6% year-on-year in 1H17. Adjusted earnings grew by S$6.8m
year-on-year in 1H17, tracking gross profit growth of S$8.7m.
Figure 2: Adjusted Net Profit
Source: Company announcements
Company Name
Mkt Cap
(S$m)
Trailing
12M rev
(S$m)
Sales /
Assets
Assets /
Equity
Gross
margin
Pre-tax
margin ROE
YTD Sales
Growth
YTD
Earnings
Growth P/E P/BV
Dividend
Yield
Venture Corporation Limited 4996.93 3416.43 1.19 1.49 NA 7.8% 11.9% 41.3% 49.5% 22.73 2.60 2.8%
Hi-P International Limited 1090.00 1267.83 1.21 1.76 14.7% 7.8% 15.0% -6.6% NM 13.17 1.84 14.1%
Valuetronics Holdings Limited 416.18 433.58 1.26 2.00 14.8% 7.8% 18.4% 45.7% 64.8% 13.81 2.41 3.6%
Sunningdale Tech Ltd 370.47 705.96 1.03 1.95 14.6% 8.1% 14.3% 6.6% 115.2% 7.79 1.06 4.3%
Fu Yu Corporation Limited 143.07 188.60 0.81 1.41 16.0% 6.7% 5.2% -9.8% -59.7% 16.48 0.87 7.1%
Memtech International Ltd 138.06 229.27 1.03 1.41 18.1% 8.7% 12.2% 14.8% NM 7.48 0.87 2.6%
Fischer Tech Ltd 166.73 178.09 1.13 1.43 22.2% 9.9% 12.4% -5.2% 0.5% 12.79 1.52 2.0%
Average 1.10 1.64 16.8% 8.1% 12.8% 12.4% 34.1% 13.46 1.60 5.6%
At 13.46x P/E, company may be worth S$2.73. Based on the trailing 12-month adjusted net profit of S$38.22m, we estimate that the company may be worth S$514m, translating to 1.47x P/B and S$2.73 per share. We noted that the company&rsquo s share price has gained close to 100% for the past one year. At the minimum, we foresee that its share price should attempt to re-challenge the 52-week high of S$2.18 if our conjectures prove to be true, translating to upside of 10% to 39% from last Friday&rsquo s close of S$1.97. Conversely, the low P/E multiple of this stock implies limited downside if earnings were to disappoint.
of the publicly listed manufacturing services providers in Singapore, including precision
plastic moulding companies. These companies included Venture, Hi-P, Valuetronics,
Sunningdale, Fu Yu, Memtech and Fischer Tech. Among these companies Sunningdale
and Memtech stand out for their low P/E multiples, compared to an average P/E of 13.46x
trailing 12-month earnings. In this article, we pick the larger of the two, Sunningdale, for
discussion.
Figure 1: Peer Comparison
Source: Bloomberg, Company filings
Background &ndash global manufacturer with annual revenue of S$706m. Sunningdale is
a manufacturer of precision plastic components with capabilities ranging from product &
mould designs, mould fabrication, injection moulding and complementary finishing to the
precision assembly of complete products with 19 manufacturing facilities across nine
countries - Singapore, Malaysia, China, Latvia, Mexico, Indonesia, Thailand, India and
Brazil. Customers come from the automotive, consumer/IT and healthcare sectors.
Strong earnings momentum. In 1H 2017, the company reported net profit growth of
115.2% to from S$7.4m a year ago to S$15.9m. After adjusting for non-operating
expenses such as retrenchment costs incurred in 2016, net profit growth was still an
impressive 49.3% year-on-year. In fact, adjusted net profit grew by 57.1% year-on-year in
2Q17, compared to 41.3% in 1Q17.
Earnings growth was driven more by gross margin improvement in 2017, which coincided
with the completion of the new manufacturing facility in Chuzhou, China during 4Q 2016,
as revenue grew by only 6.6% year-on-year in 1H17. Adjusted earnings grew by S$6.8m
year-on-year in 1H17, tracking gross profit growth of S$8.7m.
Figure 2: Adjusted Net Profit
Source: Company announcements
Company Name
Mkt Cap
(S$m)
Trailing
12M rev
(S$m)
Sales /
Assets
Assets /
Equity
Gross
margin
Pre-tax
margin ROE
YTD Sales
Growth
YTD
Earnings
Growth P/E P/BV
Dividend
Yield
Venture Corporation Limited 4996.93 3416.43 1.19 1.49 NA 7.8% 11.9% 41.3% 49.5% 22.73 2.60 2.8%
Hi-P International Limited 1090.00 1267.83 1.21 1.76 14.7% 7.8% 15.0% -6.6% NM 13.17 1.84 14.1%
Valuetronics Holdings Limited 416.18 433.58 1.26 2.00 14.8% 7.8% 18.4% 45.7% 64.8% 13.81 2.41 3.6%
Sunningdale Tech Ltd 370.47 705.96 1.03 1.95 14.6% 8.1% 14.3% 6.6% 115.2% 7.79 1.06 4.3%
Fu Yu Corporation Limited 143.07 188.60 0.81 1.41 16.0% 6.7% 5.2% -9.8% -59.7% 16.48 0.87 7.1%
Memtech International Ltd 138.06 229.27 1.03 1.41 18.1% 8.7% 12.2% 14.8% NM 7.48 0.87 2.6%
Fischer Tech Ltd 166.73 178.09 1.13 1.43 22.2% 9.9% 12.4% -5.2% 0.5% 12.79 1.52 2.0%
Average 1.10 1.64 16.8% 8.1% 12.8% 12.4% 34.1% 13.46 1.60 5.6%
At 13.46x P/E, company may be worth S$2.73. Based on the trailing 12-month adjusted net profit of S$38.22m, we estimate that the company may be worth S$514m, translating to 1.47x P/B and S$2.73 per share. We noted that the company&rsquo s share price has gained close to 100% for the past one year. At the minimum, we foresee that its share price should attempt to re-challenge the 52-week high of S$2.18 if our conjectures prove to be true, translating to upside of 10% to 39% from last Friday&rsquo s close of S$1.97. Conversely, the low P/E multiple of this stock implies limited downside if earnings were to disappoint.
Not sure whether boss KBH is still scooping more???
halleluyah ( Date: 26-May-2015 16:48) Posted:
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coy is profit making wan so is ok to tumapang....
halleluyah ( Date: 26-May-2015 16:47) Posted:
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Bro bishan, tis bugger gt vry little interest frm retailers so sometimes is gd to tumpang bbs when they do push down or push up...lol.
bishan22 ( Date: 26-May-2015 16:15) Posted:
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Rare to see up 0.015..... add oil.
Being accumulated slowly but surely. Buy!
Have been holding this since buying it from the 18 cents onwards. good dividend company with a strong operating cashflow (holding $100m+ cash!)
Will hit 30 cents by this year!