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Repost for those who missed it.
Reporting season is back. Last year Serial System reported it' s result on 22 Feb.
I am bullish on Serial System for the following reasons:
1. its 9 months current year profit of US$9.2 far exceeded last year full year profit of US$4.5.
The upcoming result should good.
2. company normally declare better dividend when the profit improve. I expect higher dividend this year.
3. in the company' s presentation, i can sense that the management is becoming more focus on margin.
This should be good for it' s bottomline.
4. its still tarding below it' s nta of 19.8 cts
5. Finally, i believe that going forward to year 2019, the profitability of the company will be even better
given the company' s focus on margin n non performing assets. For a company with high level of revenue,
an improvement of even 0.2% will have big impact on it' s bottomline.
Above are just my thoughts/perception and i could be wrong.
Pls do your own due diligence.
Reporting season is back. Last year Serial System reported it' s result on 22 Feb.
I am bullish on Serial System for the following reasons:
1. its 9 months current year profit of US$9.2 far exceeded last year full year profit of US$4.5.
The upcoming result should good.
2. company normally declare better dividend when the profit improve. I expect higher dividend this year.
3. in the company' s presentation, i can sense that the management is becoming more focus on margin.
This should be good for it' s bottomline.
4. its still tarding below it' s nta of 19.8 cts
5. Finally, i believe that going forward to year 2019, the profitability of the company will be even better
given the company' s focus on margin n non performing assets. For a company with high level of revenue,
an improvement of even 0.2% will have big impact on it' s bottomline.
Above are just my thoughts/perception and i could be wrong.
Pls do your own due diligence.
Tricky bid queue !
Large buy orders at $0.172 and $0.173 followed the breakout, but disappeared quickly afterwards. Be careful !
Large buy orders at $0.172 and $0.173 followed the breakout, but disappeared quickly afterwards. Be careful !
Should be
Resistance breakout from $0.172 with high volume
Resistance breakout from $0.172 with high volume
sunview ( Date: 21-Feb-2018 14:13) Posted:
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Some technical breakout today:
1. Bullish MACD crossover
2. Resistance breakout from $0.192 with high volume
1. Bullish MACD crossover
2. Resistance breakout from $0.192 with high volume
GO GO GO TECHS
Fairly good volume today ... 896 lots traded. Closed at 17.1 cts
you need patience n conviction for this counter.
trailing P/E only 8.1 ... likely to be lower going forward
trailing P/E only 8.1 ... likely to be lower going forward
josephyeo ( Date: 23-Jan-2018 17:23) Posted:
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since oct 2017 the price remained at around 0.165. money strucked there for a long time
josephyeo ( Date: 17-Oct-2017 16:09) Posted:
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Reporting season is back. Last year Serial System reported it' s result on 22 Feb.
I am bullish on Serial System for the following reasons:
1. its 9 months current year profit of US$9.2 far exceeded last year full year profit of US$4.5.
The upcoming result should good.
2. company normally declare better dividend when the profit improve. I expect higher dividend this year.
3. in the company' s presentation, i can sense that the management is becoming more focus on margin.
This should be good for it' s bottomline.
4. its still tarding below it' s nta of 19.8 cts
5. Finally, i believe that going forward to year 2019, the profitability of the company will be even better
given the company' s focus on margin n non performing assets. For a company with high level of revenue,
an improvement of even 0.2% will have big impact on it' s bottomline.
Above are just my thoughts/perception and i could be wrong.
Pls do your own due diligence.
" Global demand for semiconductors and electronics remains buoyant, driven by the proliferation of
state-of-the-art smartphones, smart-city initiatives, autonomous vehicles and other technology-reliant
projects andapplications. With one of the largest distribution networks in Asia for electronic components,
many of whichare used in a wide variety of products that are part and parcel of daily life, the Group is
well positioned to benefit from this overall positive trend. In particular, demand for high-quality chips and
electronic components in the Asia Pacific region, especially Greater China, is expected to remain resilient
in the foreseeable future."
A quote taken from Management Comment
state-of-the-art smartphones, smart-city initiatives, autonomous vehicles and other technology-reliant
projects andapplications. With one of the largest distribution networks in Asia for electronic components,
many of whichare used in a wide variety of products that are part and parcel of daily life, the Group is
well positioned to benefit from this overall positive trend. In particular, demand for high-quality chips and
electronic components in the Asia Pacific region, especially Greater China, is expected to remain resilient
in the foreseeable future."
A quote taken from Management Comment
Trailing PE .. 7.9 X
NAV ... 19.8
NAV ... 19.8
josephyeo ( Date: 18-Jan-2018 13:29) Posted:
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| Year | Revenue | Profit | Dividend | |||
| 9 month ' 17 | 1.1 bil | 9.2 mil | to be declared | |||
| 2016 | 1.4 bil | 4.5 mil | 0.35 cts | |||
| 2015 | 1.2 bil | 11.0 mil | 0.85 cts | |||
| 2014 | 1.0 bil | 16.0 mil | 1.05 cts | |||
| 2013 | 0.8 bil | 11.2 mil | 0.79 cts | |||
| 2012 | 0.8 bil | 9.1 mil | 0.52 cts |
1. current year revenue is likely to be the best of the last 5 years
2. 9 months profit has exceeded last year full year by 104%
3. recently company had focused on higher margin products
4. company is also scaling down on low margin products
My personal view &ndash results for current financial should be very good. If trend continue
next financial year would be even better given the continuous growth in top and
the focus on better margin products. Growth in topline and margin will have a
positive compounding effect on bottom.
Above are just my views. Am vested and am looking forward to full year financial
reports in Feb ' 18.
Just sharing .. pls do your own due diligence.
The intention to list in Hong Kong is still on ... see quote below:
" The Group&rsquo s plan to list its 91%-owned Hong Kong electronic components distribution subsidiary, Serial
Microelectronics (HK) Limited group (&ldquo SMHK group&rdquo ), on the mainboard of the Stock Exchange of Hong
Kong Limited remains on track. The listing will enable SMHK group to raise funds on its own in order to
better meet strong business demand in Greater China" .
Above is a quote from 3rd quarter financial report ... taken from Management Comments
Above is a quote from 3rd quarter financial report ... taken from Management Comments
not moving, money got struck. hope to sell if price improve a little
Why i like Serial System:
1. very impressive growth in top line
2. have been profitable all these years
3. consistently gives dividends though the amount fluctuates
4. currently trading below nta of 19.8 cts
5. good revenue growth current year. Expect revenue growth to continue thru next financial year.
6. impressively growth in net profit current year.
Will provide details later ...
Just sharing my feelings ...
1. very impressive growth in top line
2. have been profitable all these years
3. consistently gives dividends though the amount fluctuates
4. currently trading below nta of 19.8 cts
5. good revenue growth current year. Expect revenue growth to continue thru next financial year.
6. impressively growth in net profit current year.
Will provide details later ...
Just sharing my feelings ...
I am accumulating.
Waiting for full year results and annoucement on their listing of
subsidiary in Hong Kong Exchange.
In the meantime will go for dividends. Dividend yield averages around 3%.
Waiting for full year results and annoucement on their listing of
subsidiary in Hong Kong Exchange.
In the meantime will go for dividends. Dividend yield averages around 3%.
samudra ( Date: 10-Jan-2018 13:56) Posted:
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price still not moving and remained a long time at current level
Last year full year results was out on 22 feb ' 17.
Expecting another good set of results
For info, 9 month profit (ending Sept ' 17) was S$12.4.
Last financial year full year was S$6.1 mil.
The 9 months result is already 201% above last year full year.
Am looking forward to the results.
Vested.
Expecting another good set of results
For info, 9 month profit (ending Sept ' 17) was S$12.4.
Last financial year full year was S$6.1 mil.
The 9 months result is already 201% above last year full year.
Am looking forward to the results.
Vested.
Last year full year profit ... S$6.1 mil
Current year 9 months profit ... S$12.4 mil
Up by 201.7%
Looks like its going to be a good year for Serial System.
Dividend yield likely to be above 3% based on historical dividend payout.
Just sharing .. vested
Current year 9 months profit ... S$12.4 mil
Up by 201.7%
Looks like its going to be a good year for Serial System.
Dividend yield likely to be above 3% based on historical dividend payout.
Just sharing .. vested
Dilution? I am not sure. The last right issue was in 2009 .. a 1 for 5 issue unless i miss out on something.
Also, i understand the company is still under going some consolidations after a period of acquisitions.
They have reduced their holdings in some of the loss making subsidiaries. I am just recalling from memory
so, i could be wrong. Pls check it out.
Personally i am comfortable with it n am vested as my 2 main criterias are met, in addition to the yearly dividend
which average at around 3%.
DYODD
Also, i understand the company is still under going some consolidations after a period of acquisitions.
They have reduced their holdings in some of the loss making subsidiaries. I am just recalling from memory
so, i could be wrong. Pls check it out.
Personally i am comfortable with it n am vested as my 2 main criterias are met, in addition to the yearly dividend
which average at around 3%.
DYODD