Sunzen is hidden gem for 2014! (Company is MBO of Pfizer Biotech company in Malaysia). IPO in 2008 at 32sen. Profitable and dividend paying. Malaysian Company Managed by Malaysian professionals mostly doctors. Small paid up capital and Limited free float. FY2013 profits earning 2.4sen per share (PER : 11.8 X) Bonus Warrants -1 for 3. Only for serious investors not punters ! TP : To double up !
Based on stock price of 29 cents and EPS of 2 cents with risk free interest rate of 2.2% the intrinsic value of this stock is 91 cents. That's a good buy!
However based on the average EPS over 5 years about 1.43 cents the intrinsic value is only 45 cents. So buying with 50% discount the price to get in should be 22.5 cents!
Sunzen IPO listed 8/10/08 during the GFC at 32 sen per share. A total of 25Mil shares offered (16.7%) : 1. Pubic -3Mil; 2. Directors & Associates - 4Mil; 3. Institutional Investors -18Mil.
Company performance since IPO profitable (Average PAT : $2.1Mil => 1.4sen per share) FY2013 PAT RM3.6Mil ( + 157% jump in Profits Growth) NTA : 22sen Dividend Policy : Dividend Paid every year Average 0.8sen per year =>Yield of 3% Management Team - Original Team of professionals from Pfizer -Consistent/Professional
Shareholding - The top shareholders (Management Team) hold 100Mil => 67.7% of shares; The top 30 shareholders hold 135.1mil shares representing 90.4% of the Paid Up Capital PUC. The balance shares available is only 14.27Mil shares => less than 10% free float. Most of the shareholders are strong holders - expect some "stale bulls" at 30-33 sen Limited shares means with good news - strong demand will lead to sharp price increase !!
Good News - Bonus 1:3 Bonus Warrants (To be completed in Q2/2014) Good News - Dividend Announcement (probably 1.0sen) sometime mid-year. Conclusion : This under the radar stock is due for some re-rating. Any price below 32sen is a discount to the IPO price + entitled to Bonus Warrants + dividend.
Conclusion : Hidden Gem for 2014!! Only for serious Investors not punters. Good Luck !
"so max only can go 0.31-0.32 ?" -- Are you serious, Govin ?? Perhaps that's only for today's closing -> 0.31 (+2.5) UP 10%+ The truth is, its just starting engines. It's about to break-out and trend higher.
This stock has been in accumulation stage the past five years and the free float is very small. With the right news and push, Sunzen will fly! It's a gem.
really?haha..then wish...this counter i keep for so so so long term and only see the volume came sudden by today..cox of Bonus Warrants..? but i sold..lol...anyway thxs Ve NOM VEE
Sorry Govin. You were the "stale bulls" I was referring to between 31-33 sen level. Once this level is cleared, there is no more resistance. The stock will trend higher. All the Best! Cheers!
"Stale bulls" is a stock market terminology to mean people who bought shares much earlier and now want to sell out. No offense intended. You are very polite and respectful. I appreciate that. Thanks!
Sunzen proposed Bonus Issue of 1:3 Free Warrants approved and entitlement dates fixed. Bonus Warrants 1:3 Ex-date 9 April 2014.
NPAT FY2013 : RM 3.6mil / EPS : 2.4sen PER : 12.7 X NTA : 22sen Dividend Yield : 3.5% (approx.) No of Shares Issued : 149.3 Million Share Free Float : less than 8% - 10%
Conclusion : Low profile and under radar PLC. Due for upwards re-rating with improved growth earnings. Good Investment for Value Stocks.
chia88 after much studied their annual report it seem quite potential /good company ,all director are well experience man and with DR degree holder ,worth buying
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....
pay1st
9 posts
Posted by pay1st > 2013-09-18 17:12 | Report Abuse
what happen to this 1?