Don't worry HanSolo your price is still ok. I'm holding this until rm3 :) shouldn't be difficult to achieve within 2 years period as they have a lot of ongoing projects and still not reflected in their financial report. What we see now is only Maica's financial report, haven't include the development side yet since they switched name to Sunsuria. So hang on tightly...and good luck to you.
Hahaha! I don't know that but i had a feeling that it's another potential ecoworld...so funny coincidence that u mentioned their relationship....price now is 1.36 cheers to you.
It's a good thing the 10bn project is not pump into the business yet. If so then the rights issue will be a lot more higher to buy in. So look at the bright side of things. If they pump in the project after the rights issue then we shareholders would have extra lots already...hehehe..good luck everyone! Price is lucrative now..i see it as an golden opportunity not to be missed. Another golden goose in the making..cheers!
Hi Kitty, yup i also sold pharma to switch to this counter. Waiting for more news before they issue out the rights issue..most likely they'll only inject the projects in one at a time instead of all three together..so need time for SC approval.
Below expectations. Sunsuria reported 1QFY15 revenue of RM18.3m (-18.3% qoq, +>100% yoy) and net profit of RM1.3m (-45.5% qoq, +100% yoy). Net profit came in at 7.1% of our FY15 net profit forecast due to the lower progress billings at its Trivio Project. However, we expect stronger earnings in the subsequent quarters as the Trivio project would be completed soon and there should be significant progress billings in the subsequent quarters. EBIT margins from the property division improved. The property development segment reported an EBIT margin of 22.3% (4QFY14: 18.5%). We expect property development margins to improve to about 25% in the next quarter. COMMENTS Investors should revisit the stock in 1Q15. Recall that Sunsuria delayed its plans to acquire landbanks owned by Sunsuria Development Sdn Bhd. Despite the indefinite delay, the company is still considering the acquisition of assets that were earlier identified in the HOA, which include the Xiamen University Township, Sunsuria Medini development and Sunsuria 7th Avenue development. We understand that indicatively, the company is targeting to undertake the acquisition of these assets in 1Q15. Updates on current property developments. In 4Q13, the company acquired two developments, mainly the Trivio development which is currently about 59% completed and is expected to be completed by Dec 14. We understand the other landbank that was acquired, dubbed Suria Residence, is targeted to be launched in 3Q14 and will offer high-rise residential components. RECOMMENDATION Maintain HOLD and target price of RM1.45, based on a 50% discount to our SOTP valuation of RM3.90/share. Although the acquisition of the assets would transpire eventually, we believe share price would only re-rate towards 1Q15 when the timeline to the acquisition draws near. Entry price is RM1.25.
Tsk! Tsk! By the time wait 2015 price above rm2 liow lor...some analyst report is just to have panic selling so thay they can buy in at low...classic recent example Presbhd..
Hi Kitty if u see this message on time, another good buy is HHGroup now panic selling two days ago and now rebounding up. IPO price was .45 went up as high as .60+ now .49. 50% export their goods to China which is a big achievement as it's hard to penetrate a competitive market.
Nope but i have been eyeing at this counter since it launched thought i missed the boat so happy now on sales so close to ipo price. ROE about 16.9 %. Maybe they launch wrong timing when during hari raya, majority cashing out to celebrate and go on vacation. Even Sasbadi badly effected too.
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....
HanSolo
309 posts
Posted by HanSolo > 2014-07-04 01:01 | Report Abuse
whats the TP for this counter? Bought 10k units at 1.43. Haih