u believe on they said revenue will increase 30%???
now only sign mou,havent setup the new office and factory.new company start with 0,r u sure next year immedialy got 30% revenue increse ?immedialy got customer from north america and europe?think ur self
even their melaka project,managment said on jan 2015 they will launch melaka project during march or april 2015,end up till up to date,melaka project havent launch yet...
bro, sanichi has been do business with Protev quite some years already, now they have signed the mou first, of course soon will have a joint venture company to make money together. Both has been cooperate some years, no point to just doing show only.
ofcouse not doing show only,but confirm not 30% revenue increse by next year,maybe another 2 or 3year to hit.another important thing is sanichi's honesty.
how would it not affect....i believe the price would be significant adjusted toward next year...we obviously see the share price now is undervalued.....
By Supriya Surendran / theedgemarkets.com | December 9, 2015 : 8:58 PM MYT
KUALA LUMPUR (Dec 9): Sanichi Technology Bhd ( Valuation: 1.50, Fundamental: 1.50) had on Dec 8, 2015 entered into a Memorandum of Understanding (MoU) with German firm Protev International GmbH to form a joint venture (JV) in providing a one-stop product and service centre to all its customers worldwide in the manufacturing of plastic injection moulds and tools.
In a filing with Bursa Malaysia today, it was revealed both parties intend to form a JV company called Sanichi Protev Sdn Bhd, in which Sanichi will hold a 51% stake and Protev, the remaining 49%.
“Sanichi shall be responsible for the product design and production activities, whereas Protev shall be responsible for the marketing and product distribution in the JV company,” read Sanichi’s announcement.
Incorporated in Germany, Protev is an innovator in mould injection-tooling consulting, with over 25 years of experience as a one-stop solution provider worldwide, helping companies of all sizes and across various industries, especially in Europe, United States of America and Mexico.
This MoU is not expected to have any immediate material effects on the issued and paid-up share capital, net assets and earnings per share of Sanichi Group for the financial year ending June 30, 2015.
Sanichi is involved in the design, R&D, fabrication, repair and modification of precision advanced and conventional plastic injection mould.
Sanichi shares were down 0.5 sen or 5.88% today to 8 sen, for a market capitalisation of RM91.56 million.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bowman
2,597 posts
Posted by bowman > 2015-12-09 10:35 | Report Abuse
haha.. first it was land in malacca. still didnt rise. now what? lost hope in this stupid counter already. just buy and keep it until it grows mould.