Sunningdale Tech   

chairman koh boon hwee...

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n3wbie      ( Date: 01-May-2018 00:08) Posted: Sam Goi' s placement price was 16.3c (before 5:1 consolidation) so that would be equivalent to about 81.5c/share. that being said, Chairman Mr Koh Boon Hwee purchased some $22m worth to double his stake at $1.716/share. Current price of $1.30 is about 25% discount from the Chairman' s price, good value play at present levels. Historically, the company has either maintained or increased their dividend payouts so based on 7c that was paid out for FY17, that translates to some 5.4% yield. The company' s business model focuses a lot on diversity of customers and inherently risk exposure. good times, bad times, it won' t be as exposed compared to some of the other manufacturers who have substantial exposure to key customers. Think VMS with Phillip Moris, AEM with Intel, etc.  Don' t forget there isnt another player in the region at least, that is a pure plastics player with the same levels of top and bottomline performance. Current valuations are extremely undeserving for a beast of their size - EV/EBITDA of slightly above 3 and 0.6x PB. Fischer Tech for instance was bought out at way higher PE and EV/EBITDA multiples and their profit and revenue base is just a fraction of STL. Wind22i      ( Date: 30-Apr-2018 19:50) Posted: I think sam goi is also a shareholder..i think his entry price around 80 cents + many years back.. now this is "cheap"..? From 2.20 now just 1.30.. about 1 dollar down..

 

Sam Goi' s placement price was 16.3c (before 5:1 consolidation) so that would be equivalent to about 81.5c/share. that being said, Chairman Mr Koh Boon Hwee purchased some $22m worth to double his stake at $1.716/share. Current price of $1.30 is about 25% discount from the Chairman' s price, good value play at present levels. Historically, the company has either maintained or increased their dividend payouts so based on 7c that was paid out for FY17, that translates to some 5.4% yield.

The company' s business model focuses a lot on diversity of customers and inherently risk exposure. good times, bad times, it won' t be as exposed compared to some of the other manufacturers who have substantial exposure to key customers. Think VMS with Phillip Moris, AEM with Intel, etc. 

Don' t forget there isnt another player in the region at least, that is a pure plastics player with the same levels of top and bottomline performance. Current valuations are extremely undeserving for a beast of their size - EV/EBITDA of slightly above 3 and 0.6x PB. Fischer Tech for instance was bought out at way higher PE and EV/EBITDA multiples and their profit and revenue base is just a fraction of STL.

Wind22i      ( Date: 30-Apr-2018 19:50) Posted: I think sam goi is also a shareholder..i think his entry price around 80 cents + many years back.. now this is "cheap"..? From 2.20 now just 1.30.. about 1 dollar down..

 

I think sam goi is also a shareholder..i think his entry price around 80 cents + many years back.. now this is "cheap"..? From 2.20 now just 1.30.. about 1 dollar down..

 

Turning green :)

 

$2..made of plastice..
already past used date..it crumbles

KAMAL0883      ( Date: 27-Apr-2018 15:44) Posted: tua hoot tua ki liao  how can just a plastic module manufacture company worth almost $2 before it px collapes ( even share consolidate from 5-1 also not worth $2 ) Sgvale      ( Date: 27-Apr-2018 08:19) Posted: Just tua tua hoot !!! $1.30 is a very safe level if buffer -10% . Upside tremendous .

 

It has not bottomed out as yet I presume

 

tua hoot tua ki liao 

how can just a plastic module manufacture company worth almost $2 before it px collapes ( even share consolidate from 5-1 also not worth $2 )

Sgvale      ( Date: 27-Apr-2018 08:19) Posted: Just tua tua hoot !!! $1.30 is a very safe level if buffer -10% . Upside tremendous .

 

Where got? Buy when low lo

alexmay34      ( Date: 27-Apr-2018 09:52) Posted: Under Attack again!,,

 

Under Attack again!,,

 

I think I am TOP 100 shareholders

Sgvale      ( Date: 27-Apr-2018 08:19) Posted: Just tua tua hoot !!! $1.30 is a very safe level if buffer -10% . Upside tremendous .

 

Very stable now .

 

Just tua tua hoot !!! $1.30 is a very safe level if buffer -10% . Upside tremendous .

 

1. After reading the latest financial report for last 2 yrs,  you still insist their profit and revenue is waning? Quoted here from the CEO after lastest financial report:" We had an exceptionally strong 1Q2017, so there was a high base for comparison." ... 2017 was a record year for them.

2. I' m not tallking abt dividends, but rather share-dividend which has a direct impact on eps. 

3. Also from lastest financial report ...    The Group continued to generate strong positive operating cashflow of S$6.9 million for 1Q2018. This contributed to balance sheet strength with cash on hand amounting to S$105.4 million! How do up think they can accumualte > 105mil in last 2-3 years (esp FY2017) if their profit is waning? 

I rest my case...
 

nqing87      ( Date: 26-Apr-2018 17:50) Posted: by the way, u do know eps and dividends are separate thing? dividends doesnt affect eps, but the eps can affect dividends payout.. just ' cos it give out a lot of dividend doesnt mean eps become lower.. rather, high eps means able to give higher dividend.. lower eps means less dividend.. which is why latest dividend become lower as the eps also become lower.. FaceTheFact      ( Date: 26-Apr-2018 17:11) Posted: Hv u considered share dividend given out in pass yrs & 5:1 share consolidation recently. All these hv great impact on eps, if u only look at this one figure. Also, hv u seen de cashpile the company is holding now, compared to a few yrs back? Let's look at the big picture.

 

The dividend has increased to 7cts per share from 6cts per share last year.

You might has missed out that they change their dividend payment to twice a year as per requested by shareholders during 2017 AGM.

2.5cts per share for HY2017
4.5cts per share for FY2017
Total: 7cts per share.

Maybe can expect they give another 2.5cts - 3cts dividend this HY2018 ending in June 2018.

 

nqing87      ( Date: 26-Apr-2018 17:44) Posted: sunningdale has been in my watchlist from 15cents (pre-consolidation) until now.. i observed it ' cos it is interesting as it has been trading far below NAV at that time for many years.. only this couple of years did it rise ' cos sentiment for the markets it served has improved.. if i didnt remember wrongly, they increase their dividends some time back in 2016 and 2017, but it reduced dividends this year.. net cash after subtracting the debts have been around the same this 2-3 years.. net cash improved from 2014 though.. history of this 2 years have been good performance for sunningdale, but we must also anticipate the future..

 

by the way, u do know eps and dividends are separate thing? dividends doesnt affect eps, but the eps can affect dividends payout.. just ' cos it give out a lot of dividend doesnt mean eps become lower.. rather, high eps means able to give higher dividend.. lower eps means less dividend.. which is why latest dividend become lower as the eps also become lower..

FaceTheFact      ( Date: 26-Apr-2018 17:11) Posted: Hv u considered share dividend given out in pass yrs & 5:1 share consolidation recently. All these hv great impact on eps, if u only look at this one figure. Also, hv u seen de cashpile the company is holding now, compared to a few yrs back? Let's look at the big picture. nqing87      ( Date: 26-Apr-2018 16:36) Posted: ok, maybe i wasnt clear again.. to be exact, i' m looking at eps.. plain and simple.. 2016 FY eps is 20.49 cents.. 2017 FY is 16.32 cents.. current year quarter eps drop vs previous year quarter (assuming same exchange rate losses

 

sunningdale has been in my watchlist from 15cents (pre-consolidation) until now.. i observed it ' cos it is interesting as it has been trading far below NAV at that time for many years.. only this couple of years did it rise ' cos sentiment for the markets it served has improved.. if i didnt remember wrongly, they increase their dividends some time back in 2016 and 2017, but it reduced dividends this year.. net cash after subtracting the debts have been around the same this 2-3 years.. net cash improved from 2014 though.. history of this 2 years have been good performance for sunningdale, but we must also anticipate the future.. 

 

Hv u considered share dividend given out in pass yrs & 5:1 share consolidation recently. All these hv great impact on eps, if u only look at this one figure. Also, hv u seen de cashpile the company is holding now, compared to a few yrs back? Let's look at the big picture.

nqing87      ( Date: 26-Apr-2018 16:36) Posted: ok, maybe i wasnt clear again.. to be exact, i' m looking at eps.. plain and simple.. 2016 FY eps is 20.49 cents.. 2017 FY is 16.32 cents.. current year quarter eps drop vs previous year quarter (assuming same exchange rate losses) FaceTheFact      ( Date: 26-Apr-2018 15:36) Posted: Pse read their latest Annual Report n explain how u think their revenue n earnings have dropped? They hv just recorded their best records n de company is run by KBH, not any other monkeys.. See below... http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=RSSAnnouncementToday&F=T1TMCK9ACII6S009&H=b7efe291e9d9da69dd4671f43f008ef4e786d32f994d4afcd5f8db68d4ccdb53&fileId=STL%20_FY17_Press%20Release.pdf

 

ok, maybe i wasnt clear again.. to be exact, i' m looking at eps.. plain and simple.. 2016 FY eps is 20.49 cents.. 2017 FY is 16.32 cents.. current year quarter eps drop vs previous year quarter (assuming same exchange rate losses)

FaceTheFact      ( Date: 26-Apr-2018 15:36) Posted: Pse read their latest Annual Report n explain how u think their revenue n earnings have dropped? They hv just recorded their best records n de company is run by KBH, not any other monkeys.. See below... http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=RSSAnnouncementToday&F=T1TMCK9ACII6S009&H=b7efe291e9d9da69dd4671f43f008ef4e786d32f994d4afcd5f8db68d4ccdb53&fileId=STL%20_FY17_Press%20Release.pdf

 

Pse read their latest Annual Report n explain how u think their revenue n earnings have dropped? They hv just recorded their best records n de company is run by KBH, not any other monkeys.. See below... http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=RSSAnnouncementToday&F=T1TMCK9ACII6S009&H=b7efe291e9d9da69dd4671f43f008ef4e786d32f994d4afcd5f8db68d4ccdb53&fileId=STL%20_FY17_Press%20Release.pdf

 

Im comparing apple to apple here.. cos q1 2017 also got suffer exchange losses.. so im assuming suffering same amt of exchange losses as q1 2017.. i guess i shld be more accurate in my statement.. the key point we shld take is the profit and revenue is declining, when we take out exchange losses out of the picture for both quarters..

Whiskey4108      ( Date: 26-Apr-2018 10:55) Posted: Exchange losses were 5.2 million.. your numbers wrong.. without exchange losses they will earn over 7 million, which is comparable to 2017 Q1 nqing87      ( Date: 26-Apr-2018 09:17) Posted: even assuming that they had not incur any exchange losses, earnings could be around 5mil this quarter, which is about 2.6cents eps.. assuming they maintain this amount, that' s about 10.5cents full year, or about 12.5 p/e.. not say very attractive to me, compare to when they are having 16.3 cents for 2017 full year, and 20.3 cents for 2016 full year.. seems that their profit is declining despite good market environment