Posted by VLVL > 2019-01-03 17:55 | Report Abuse

Lol.. What s wrong with buying new building?

Posted by fl888 > 2019-01-04 09:20 | Report Abuse

is MARA a shareholder ?,then can be like INIX ?

Posted by newbie5354_ > 2019-01-05 16:46 | Report Abuse

Talk 3 talk 4 why nobody talk Bangsar South property buy? Is it good for Sanichi? Sorry newbie here seek sifus advise.

Posted by James113 > 2019-01-06 18:32 | Report Abuse

it will goes up to 0.50c inline with market recovery later . l bought 1000lots @ 0.06c . Keep , Wait & be patience . Sure win .

Posted by fl888 > 2019-01-07 07:02 | Report Abuse

Today can hit 7 cts.?

Posted by richman > 2019-01-08 11:13 | Report Abuse

sanichi-we good buy at 2 cts recently listed and highest so far 2.5cts on 20/12/18 when sanchi was trading between 6-6.5cts.if it breaks 7should trade 3 cts and above

Posted by richman > 2019-01-08 11:15 | Report Abuse

listed on 20/12 and expiry dec 2012 ex price 10cts sanichi are known to goring rocket high their shares so their warrant-we should be rocket high too

Posted by richman > 2019-01-08 11:18 | Report Abuse

confident will play 6.5cts today.all this while buy and sell 6cts.if it breaks 6.5cts next stop should be 8-9cts

Posted by richman > 2019-01-08 11:19 | Report Abuse

looking at it is trading play it has to move higher very soon

Posted by richman > 2019-01-08 11:20 | Report Abuse

then kena UMA hahaha

Posted by richman > 2019-01-08 11:21 | Report Abuse

never liked this sanichi but if can make some $$$ why not

Posted by richman > 2019-01-08 11:24 | Report Abuse

since 20/12 they having been playing 6cts so it is about time to push UPPP

Posted by richman > 2019-01-08 11:24 | Report Abuse

go for WE likely to give you handsome gains

Posted by fosther > 2019-01-08 13:01 |

Post removed.Why?

Posted by fl888 > 2019-01-08 16:19 | Report Abuse

Just imagine 6.5 cents, the crooked Pang cannot afford to buy....

Posted by prince4 > 2019-01-08 16:32 | Report Abuse

我讲的时候14 sen没人要听，在高价还sailang sailang买...现在.烧死了.....

Posted by AsiaEquityResearch > 2019-01-08 16:32 |

Post removed.Why?

Posted by richman > 2019-01-08 18:55 | Report Abuse

Will sure up this week

Posted by prince4 > 2019-01-09 15:21 | Report Abuse

richman 牛市来了,别让费时间在sanichi, 快去买其他被低估的股票不然你会错过新年红包！

Posted by fl888 > 2019-01-09 16:22 | Report Abuse

Why need to borrow RM36 million to buy the new office ....?

Posted by richman > 2019-01-10 16:29 | Report Abuse

rights was 10 cts with free warrants so really need to push to make from mum and warrants

Posted by richman > 2019-01-11 12:25 | Report Abuse

everyday buy and sell 6cts

Posted by richman > 2019-01-11 12:26 | Report Abuse

breakout lah

Posted by fl888 > 2019-01-14 20:49 | Report Abuse

Buying a property worth RM40 million for RM46 million and getting a friendly valuer to substantiate higher market value might be the new game by Pang.....be careful

Posted by AlfI3 > 2019-01-16 10:09 | Report Abuse

Another dirty tactic to con ppl hard earned $. Whist d transacted ppty can giv comision or kick back to this grp of syndicate tat link to close this ppty deal. Dey pocket in this rebate, whilst d minority juz able to watch but speechless

Posted by BILLC > 2019-01-16 17:34 | Report Abuse

So millions of rights issue money will go into pockets of Pang sai n the gangs again,,,??
Bursa n Sc makan gaji buta ka,,,,,

Posted by WSP88 > 2019-01-16 18:07 | Report Abuse

JAKS up 40% year-to-date,

your SANICHi still

Posted by commonsense > 2019-01-20 09:11 | Report Abuse

The company recently proposed to acquire a 12-storey office building in Bangsar South for RM48mil which translate to a price of RM850/sq ft. This is actually lower than some of the other newer office building in that area (mostly price at above RM1,000/sq ft). That being said, the reasoning for the acquisition is a bit weak in my opinion (does not create much value for shareholders). These are the reasons listed by the management:

1) Branding
2) To mark Sanichi’s footprint cross Malaysia
3) To establish an international standard sales and admin office in KL (precision mould and property division)
4) Rental income from existing tenants (not sure how much. No details were given)

I think the company should use the money raised from the 2 right issues (in 2016 & more recently in 2018 for combined total proceeds of around RM160mil) more wisely and maybe focus more on the development of their property projects. If they really wanted the prestige of the Bangsar South location, they can actually do this by just renting an office space (especially given the abundance supply at the moment, the rental would actually be a lot cheaper). Just because you move your office at Bangsar does not make your products more appealing to potential customers.

During the 2018 right issue exercise, management did indicate that a big portion of the proceeds (up to RM84mil) was to be used for property development activities but it was more on a basis of Sanichi developing a new property development project (buy land then develop) which normally provide higher profit margins (if the take up rate is high). There was no mentioned of using the right issue to buy an office building. It is still ok if the rental received from the building is high enough to compensate the purchase price of RM48mil. But from the announcement, it seems like the purchase is mainly for Sanichi’s new office used which is not good since it does not add much value to shareholders (spending money you don’t actually have).

After 2 right issues exercises, shareholders would have hope that the money raised would be spent in projects that can actually deliver good returns to them.

Since the right issue in 2016, the company has yet to be able to show any full year profit to its shareholders (Jan to Dec 2017 record a loss of RM18.1mil and 9m18 result is still a loss of RM9.5mil). Thinking that FY19 would be any different might be a bit of a wishful thinking on the part of some investors.

If you are looking to diversify your portfolio outside of Sanichi (due to its earnings uncertainties and business strategies) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. I am projecting a profit to shareholder of RM160 mil for FY19 which at the current price values MBMR at only 6.2x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.50.

Good luck.

Posted by SANICHI > 2019-01-23 23:42 | Report Abuse

..... wait until the expiry of -WC and -WD.

Posted by AlfI3 > 2019-01-24 07:43 | Report Abuse

When wud b its WC & WD expiry dates? Long way to go leh......

Posted by richman > 2019-01-24 10:10 | Report Abuse

actively traded now at 6cts .Is it time to break 6.5

Posted by richman > 2019-01-24 10:11 | Report Abuse

maybe syndicate buy to goreng

Posted by djibaok > 2019-01-24 15:05 | Report Abuse

come... come and donate your money to sanichi heh heh heh

Posted by AlfI3 > 2019-01-25 06:54 | Report Abuse

Indeed, it looked actively traded during d passed 2 weeks.Is xpected to trade higher volume prior to cny, so tat provide some opportunity to break 0.008.

Posted by Warrant > 2019-01-25 20:37 | Report Abuse

Consolidation again ? Oh no LENO got trapped

Posted by richman > 2019-02-12 14:50 | Report Abuse

this is ripe to move up

Posted by AlfI3 > 2019-02-14 16:55 | Report Abuse

Hold steadily to excell further up up up. Volume oso juztified

Posted by 1774931129203279 > 2019-02-14 17:57 | Report Abuse

Coming

Posted by AlfI3 > 2019-02-15 06:35 | Report Abuse

Coming soon steadily to recover its grnd lost earlier during d rights issue

Posted by sampah > 2019-02-15 19:41 | Report Abuse

RUNNNNNNNN!!!!!!!!!!!!!!!

Posted by AlfI3 > 2019-02-18 07:18 | Report Abuse

Look like got strong support for it at 0.06. If penggorengs come it a little bit, v may xpect it cud b lifted up very easily

Posted by Ir Fan Ting > 2019-02-19 19:51 | Report Abuse

26.77 to 0.06 ???

Posted by 1774931129203279 > 2019-02-20 15:58 | Report Abuse

go 10cent first.

Posted by AlfI3 > 2019-02-21 10:09 | Report Abuse

Need to build up d volume 1st like Sapnrg to attract investors' intrest

Posted by djibaok > 2019-02-27 10:49 | Report Abuse

This counter conning shuyus since time immemorial LOL

Posted by trade88 > 2019-02-28 20:41 | Report Abuse

Hi..this stock not worth to buy la.is a con stock.rubbish

Posted by ivan9511 > 2019-03-03 20:10 | Report Abuse

Sanichi evertime b4 ri the qr will show a little bit profit then after get the full ri money next qr will show a huge loss and the net loss is a few times bigger than the little little bit of last qr.
Then share will normally drop to 5 sen .
Just checking back easy to find .
Ssnichi con people actually is very boring and easy way only .
Dun know why every time ri people keep rushing to buy and will said nta so high cash rich undervalued.
I already warn non stop since last two ri not tjid time this time i also lazy to talk .
Last year or last 2 years back I almost warn everyday.
Sanichi greedy is cannot see the end until the boss money richer than Genting and Maybank or maube the boss want to become the top 3 richer man like Alibaba and apple and Microsoft ?
Like that non ended keep asking money and then made the price drop and share consolidation is a very terrible strategy . So far I still cannot find other can do like that .

Posted by Peter2357 > 2019-03-04 18:44 | Report Abuse

speechless

Posted by 1774931129203279 > 2019-03-04 19:15 | Report Abuse

Need to build up d volume 1st

Posted by drkrishan > 2019-03-05 16:09 | Report Abuse

When right issue again?