wahahaha...wait..really crashed already? I thought this paperplane should be never fly before right? hehehehe...superrr like!

still early to sell off...Q result haven't out yet...i think today is retrace to frighten out those contra kaki...haha

cannot move...got ppl keep selling down..

paperplane2, share more risks on SIGN leh, i think need your help to sustain the price at 2.9 eh...the more you comment bad, the higher the price it is leh...please...

haha..true true, throw more, last chance to eat more now

haha...actually i am still newbie in this share trading, replying paperplane2 actually sharpen up my analysis skills and forced me to do really really do further analysis on the company I invested.

paperplane2, come on babeh! please comment on my whole write up rather than just focus on "on going tender" please, seriously if that contract from HK can turn around asdion from a FOREVER loss making company to a profit making company, I will be happy for you too, but again, I need data and figures first, the first thing i open the financial performance of ASSDION, and see all the NEGATIVE RED PROFIT, please lahh, although I am a newbie, but not a fool, ok?

wish a bull run tomorrow!

paperplane2 recommended to buy asdion also because of so call "good news" on the way, but never mention what's the good news about.

BUT

SIGN management commented on the on-going tender, which at least CLEARLY spelled out the projects (Battlesea Phase 2 and Country Garden @ Johor Iskandar) without simply spreading the rumors of "good news"

So the question of "which stock is a better pick, which stock is more worth to invest into", I think as long as not a illogical person like paperplane2 will have a logical answer on it

pingdan,

according to the article published by The Edge on Monday, 20/7, the current outstanding order book of SIGN is RM160mil, which will keep them busy for 1 to 2 years,

NOT 1 to 2 quarters

The outstanding order book of RM160mil is for Kitchen and wardrobe system only, which this division generated revenue of RM67.9mil in Q3 FY2014/15, 77% of the total revenue in Q3.

Yes, if you direct divide the order book with the revenue, it will seems like the order book can only sustain for 2 to 3 quarters, but if you read carefully in the Q3 report, the original sentence is

"The order book remain strong with the unbilled amount hovering around RM160 million from the constant replenishment of projects secured, moving along with the higher revenue being recognized from the job rapidly delivered to the sites."

The keyword is "constant replenishment", business is always ongoing and dynamic and in actual business environment, the order book value is dynamic and constantly being replenished as long as the company is doing their jobs, you can't be expecting the order book with billions and billions dollars of job, right? If that's the case, the first thing I will do if I am the boss will be closing down the project team to save overhead costs as the order book is more than enough already.

Data and figures are very important, but at the same time, it need to be combined with the business, else data remain data, numbers remain numbers, it won't mean anything to us.

and if read clearly between the lines in the article of the Edge, the management commented that they are having good relation with the developers. Who are the main shareholders behind Battlesea project? Sime Darby Property and SP Setia...and If you do read the annual report of SIGN for FY2014, SIGN actually handled projects for Sime Darby Property and SP Setia, so I have strong faith in SIGN that they can bid the tender of Battlesea Phase 2.

yes, maybe paperplane2 will argue that Battlesea Phase2 and the Iskandar projects are still uncertain, oh well, everyone who buy shares, the first thing we gotta learn is "buy shares buy for future", right?

Pardon me if my comments are misleading, but in my opinion, this counter is worth for long term holding.

cheers~

paperplane2 But then...I wonder. Not they themselves comment iskandar slowing down meh???? If no one buying house anymore, who need those furniture's?
21/07/2015 21:32

paperplane2 What? I did not say it is furniture company
21/07/2015 23:44

Paperplane2, how old are you ah? within 12 minutes you can forget what you say one? holy, do you want me introduce specialist for you to do medical check up?

This counter long time no dividen leh....doubt that this Q will have it...this is the only not so good thing about esceramic, abit kedekut...haha

i thought already showing? hahaha..good run today!

eh paperplane2, please show more risk, i just realise that since you made your statement right, sign's share price shoot up...

please guy, put up more on your "riskssssss"!!!

welcome welcome...hahahaha...

oohh...by the way how's your assdion ah? 5 days dropping already wei...

hahaha i dont understand also...chill chill

paperplane2, for stock investment, although i agree on long term investment, but somehow it's still consider short term investment as compared to other type of investment and people always like to have maximum profit with manageable risk within a reasonable time frame, if you keep insisting on 3 years, then might as well you go for property investment, i dont think stocks investment is suitable for you.

paperplane2, this is the first time i see your constructive contribution, thanks for sharing anyway

paperplane2...3 years for you to fly kite to the challenge? or maybe you think arbitrage can help u earn more in half a year time, then not fair to DUIT, so you so kind to give chance to 3 years is it?

wait...paperplane2 you want a 3 year challenge? what? i thought u just commented SIGN slow like a turtle and it wont perform that's why you want to buy assdion cause you play arbitrage?

you WERE the king leh, must walk your talk leh (eventhou always talk cock la)...you one time like this want play arbitrage, another time like that want play 3 year challenge, i very confused eh...you no logic one ah?

paperplane2, take up the challenge leh, ohno...i never know that you WERE stock king before? fuyoh...

seriously, i can't see your logic at all, maybe because you WERE the king, I don't understand your logic in buying a loss making company's shares la...prove to me babeh! king leh...fuyoh!

paperplane2 gogogo, i fully support you leh, i want to see how well your asssdio will perform...hahahahhahahah...just for your info, assdio drop 4 sens today but SIGN up 6sens, oooppss...poor paperplane2, have you sold your 100k assdio?

oh no...why dropping today? paperplane2 u no good lor, faster go buy more to support your asdion!

paperplane2 Unless you tell me they venturing into China, else they are exposed directly with Malaysia property slowdown
16/07/2015 22:39

oh well, paperplane2, stop making yourselves look foolish...few days ago you said they need to diversify, now you say they can't make it...okok...go buy your asdion ba, the forever loss making company

not understand why the company keep selling off the treasury shares...anyone can explain?

hahaha...joker, first time i see people recommend stocks by telling "Just close eyes buy wb, convert, sell 20% over return"... hello, contra kaki at least will also tell you to buy the stock based on some technical chart signal...seriously, who follow paperlane2, who will die...

do your homework please paperplane2

paperlane2, your most favourite DIVERSIFICATION ah...but SIGN's boss don't want to listen to you to enter China market, but instead enter into UK market...why? maybe follow SP Setia or ECO World gua...hahaha...

Published on The Edge Markets (http://www.theedgemarkets.com)
Home > Signature International growing from strength to strength

KUALA LUMPUR: Signature International Bhd is set to end its financial year ended June (FY15) with a record net profit, having already surpassed earnings for the whole of FY14 in the second quarter ended December 2014 (2QFY15).

Analysts expect the kitchen system designer and distributor’s net profit to continue to gain traction over the next two years on the back of a tender book totalling some RM400 million.

An analyst at a local brokerage said Signature is currently bidding for RM400 million worth of jobs, including Phase 2 of the Battersea Power Station project (BSP2) in London and China’s Country Garden condominium project in Iskandar Malaysia, Johor.

The tender bid winner for the BSP2 kitchen work job, which is estimated to be worth around RM20 million to RM30 million, is expected to be known by the middle of next year.

The kitchen job contract for the Country Garden condominium project — which is scheduled for delivery in the next two years — is estimated to be worth at least RM100 million. The kitchen jobs may be broken down into two to three jobs and should be awarded by the end of this year.

“As per management’s guidance, the group’s success rate on its tender book is around 40% to 50%. Therefore, I believe that Signature stands a high chance of securing some of the contracts,” the analyst told The Edge Financial Daily.

He noted that Signature has also proven its capability to deliver its projects on time, thus enabling it to establish a good relationship with property developers.

Signature saw its net profit for 3QFY15 surge more than 3½ times to RM32.25 million from RM9.06 million a year ago, surpassing the RM17.84 million net profit posted for the full FY14. Revenue for 3QFY15 grew 94.9% to RM217.97 million from RM111.83 million in 3QFY14.

The group attributed the improved performance to higher revenue recorded from its project and retail division of the kitchen and wardrobe segment and white goods, as well as an overall improvement in margins due to economies of scale.

The analyst expects the project division of the kitchen and wardrobe segment will continue to be a major contributor to the group’s results going forward.

Signature’s current outstanding order book is around RM160 million, which will keep it busy for the next one to two years.

The analyst said should Signature clinch the kitchen job contracts for both BSP2 and the Country Garden condominium project, it would keep the group busy for at least five years.

The analyst also sees the development boom in high-rise buildings in the country spell opportunity for Signature to grow further.

“The [property development] trend now is that most of the property developers would choose to build high-rise buildings priced from RM500,000 to RM1 million and above.

“Normally these iconic developments will come equipped with kitchen and wardrobe and other basic necessities,” he added.

CIMB Research senior analyst Nigel Foo said even after the share price outperformance this year, Signature’s valuation is still attractive at 5.9 times its FY16 forward price-earnings.

“The stock’s valuation could rise further if the group secures the Country Garden and the BSP projects over the next few months,” he said in a report dated July 13.

Year-to-date, Signature’s share price has risen 46.3%, outperforming the FBM KLCI’s 1.96% decline. In addition, a new substantial shareholder, Hong Kong’s Value Partners Group, emerged in mid-June. Value Partners Group currently owns a 5.6% stake in the company, said Foo.

Foo believes Signature has the potential to register record net profit over the next few years even without the Country Garden and the BSP projects.

He estimates that Signature will generate a net profit of RM52.3 million in FY16 and RM56.6 million in FY17.

“Our current earnings forecasts do not include any potential earnings from [the] Country Garden and BSP [projects]. If we assume that Signature wins 100% of the two contracts, its order book would rise by RM340 million.

“Based on our earnings sensitivity analysis, Signature’s FY16 and FY17 net profit would rise by 71% and 76% respectively if the group secures 100% of the Country Garden and the BSP jobs,” he added.

Signature (fundamental: 2.3; valuation: 2.1) shares closed six sen or 2.23% higher at RM2.75 last Thursday, bringing a market capitalisation of RM329.88 million.
This article first appeared in The Edge Financial Daily, on July 20,

paperplane2, all these info we all aware, and when FED raise rates in Sep, sure the stock market will be affected and i bet most of the shares will be affected as well, but that will be good time for us to grab it again! just like what i did when the market turned down on that day when Gov announced 11MP and also when Greece's issue bursted in 3 weeks ago, not to say 2.5, that time SIGN dropped till 2.38 also, but as what you see, it bounced back!

anyway, not to my surprise today SIGN moved as the MACD technical chart showed "BUY" signal on last Thursday, and also it closed above MA 10 and MA 20. Hopefully today it can closed at 2.85 then the chart will be super nice already.

see what? kaki goreng or goreng kaki? :D

i eat pisang goreng only...profit from share investment in SIGN only let me buy pisang goreng, not like you, can goreng kaki...hehehe

goreng kaki

thanks for your wish...totally different in investment ideology, don't want to waste my time already.

good good...gogogo, asdion is the best! hahahahaha

ooo...no wonder u so like DIVERSIFICATION...good good...

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS
ASDION BERHAD ("ASDION" OR THE "COMPANY") PROPOSED DIVERSIFICATION OF THE BUSINESS OF ASDION AND ITS SUBSIDIARIES TO INCLUDE THE BUSINESS OF SOURCING AND SUPPLY OF COMMODITIES ("PROPOSED DIVERSIFICATION TO SOURCING AND SUPPLY OF COMMODITIES")

BUT....

i dare not buy the share of a company which is loss making lor...what?? YTD profit is -3.869 million? joker...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4759945

Please..don't compare it with SIGN with YTD profit of 32.245million...

wish you good luck yea paperlane2!

lol...paperlane2, is it you not able to collect sign at 2.6 few weeks ago, then now u only realise its a good stock and you want to collect it but too late alrd? dont jealous guy... :p

:) gogogo

*division

:)
oh well...paperlane2, if i have time like you, i will do more study on other stocks to find out if there is any other "yet-to-be-recover-jewellery-stock" like SIGN, rather than shouting and barking at here to prove how valid is your points, I am not afraid at all, SIGN will always be one of the stocks to hold in my portfolio...but anyway, thanks for your comments and it does really make me read back all the information about SIGN, and the more i study, the more I am firm with my selection.

p/s: if you like those companies with DIVERSIFICATION, you may opt for SIME, really, it diversified its operations to so many diversions and so many countries, and see "how good" is its stock performance now. It hits all your points, first, not only in property which you claim already slowed down, second, got business operation at China! woots! go ahead guy!

hmm...paperlane2, if u have no trust in SIGN, just dont bother it, no need to come here to spread rumors or give your "constructive" comments...just put it simple, population is growing, every year people buy houses, and kitchen is the essential part of a house, as long as people need houses to stay, then there is opportunity for SIGN...yes, diversification can reduce the risk, but it should not be any concern if the company is doing good in its own field, moreover do remember it is the pioneer in the field.

SIGN up from rm1.7 to rm 2.75 in 5 months (Feb-July 2015), increase of 61%, still consider not performing? paperlane2 u must be kidding....yes, maybe it not shoot up crazily like IFCAMC or other stocks, but i like it cause it increase steadily and i wont get heart attack when the market down...if they venturing into China then I will be the one who worry, cause whole world knows China's economy is slowing down, from this comment alrd know paperlane2 sucks in analysing market...

oh well, the Q4 report by end of August will speak for SIGN, I am all in for SIGN!

last chance to buy in before it fly~

good one! always have faith in SIGN!

agree..so as long as is good stock, just hold on, no need to sell it down in panic

again...totally no idea what's the relation of Greece with us...ppl just exaggerate the impact of it...any single sen of relation between the business of Harbour with Greece? I doubt that in past one year got any one ship from Greece come to Malaysia...

if i not mistaken, the entitlement date for bonus issue and warrant not yet announce....so should be entitled if u buy now and hold it till then

agree...i also lucky cause i sold 80% of my stocks at 2.81 last week...that's why now got capital to buy in...it's all about how to manage portfolio...really alot to learn...

didn't manage to top up cause didn't drop till my price...should be happy or not leh?

have to compare against the GDP of all these countries...although the amount looks big, but the percentage might be low and actually wont affect much

will same as 25/5 drop till 2.35? then sure i will buy it with all my fund!!! haha...dreaming...

still confident with this counter! drop just because market condition, although drop alot but the volume not big as compared to 20/5 and 3/6, that means not panic selling...these two days if continue dropping also worst case i believe will drop till 2.59 only then will bounce back...can cost average down by then..

so nice to see breakouts by breakouts...haha