Posted by ipomember > 2013-09-27 12:51 | Report Abuse

one more important things is,the company grows every year since 2003, except for year 2009. property business contributes mainly in its earning because of its high profit margin.. i aint too sure on property business.. someone willing to share something? thanks

Posted by Lim AS > 2013-09-30 09:13 | Report Abuse

scientx is coming down to its support price at 4.60?

Posted by L. C. Chong > 2013-09-30 15:55 | Report Abuse

SCIENTX – Q4 2013 Financial Report (http://www.bursamalaysia.com/market/listed-companies/company-announcements/1418037) on 26 Sep 2013

Analysis Report – http://lcchong.wordpress.com/2013/09/30/scientxfundamental-analysis-26-sep-2013/ or http://lcchong.wordpress.com/knowledge-sharing/

Posted by Lim AS > 2013-10-09 13:27 | Report Abuse

will hold on until first 20% declared dividen expire on 30/10. Thereafter will shot down to its support level at 4.60 until another 18% declared dividen expires in Jan 2014. Just prediction....

Posted by Lim AS > 2013-10-16 18:57 | Report Abuse

At 50 cts share , it is half what has been declared . So, the first one is 10cts follows by 9 cts.

Posted by ctyap > 2013-10-22 13:37 | Report Abuse

Another investment bank, Kenange initiated coverage on Scientex .. Scientex getting the attention. Good

Posted by Koay Yi Chuan > 2013-10-22 15:54 | Report Abuse

Probably more movement before/after div. Now yawning..

Posted by leslieroycarter > 2013-10-23 22:27 | Report Abuse

look like share accumulation phase

Posted by leslieroycarter > 2013-10-25 09:19 | Report Abuse

make some n switch counter to kseng which offers more exciting potentials esp its hidden treasure land assets in n around Iskandar region not to be missed?

Posted by Thong Wing Hoong > 2013-10-30 16:08 | Report Abuse

20% dividend means what? how to calculate? lets say i have 1000 units of Scientex... the par value is RM0.50... means the dividend $$ that i will get = 20% x 0.50 x 1000 = RM100 ?

Posted by David Goh > 2013-10-30 17:18 | Report Abuse

0.50 * 20% * 1000 units = RM100.
Yup correct :)

Posted by David Goh > 2013-11-12 01:10 | Report Abuse

http://www.theedgemalaysia.com/business-news/262211-scientex-buys-packaging-firm-for-rm40-million.html

Posted by ctyap > 2013-11-13 08:29 | Report Abuse

This acquisition is smaller if compared with GW Plastics but it's a good way to further strengthen its market share.

Posted by leslieroycarter > 2013-11-16 14:24 | Report Abuse

long term shall bring good results

Posted by David Goh > 2013-11-20 15:59 | Report Abuse

today drop a lot, any news?

Posted by ipomember > 2013-11-24 01:28 | Report Abuse

i hope the company will spin off its property segment and plastic packaging segment

Posted by ctyap > 2013-11-25 13:09 | Report Abuse

The company's manager director aims to double its market capital in 5 years time.

http://chyithong.blogspot.sg/2013/11/scientex-prestariang-ceos.html

Posted by ctyap > 2013-11-25 13:10 | Report Abuse

@ipomember If spins off its property segment and plastic packaging, what it left? consumer packaging?

Posted by hepitrade > 2013-11-27 19:54 | Report Abuse

leslieroycarter ..got those big shareholder buy... what does it means?

Posted by johnte > 2013-11-27 22:16 | Report Abuse

TP 12.00 in 5 years, PJ Lim mentioned size is important and double its revenue and profit, a very clear direction for its senior management team achieve it and proposed ESOS for its employees as reward and same direction. long term investment. ^^

Posted by L. C. Chong > 2013-12-10 12:29 | Report Abuse

SCIENTX Analysis – http://lcchong.wordpress.com/2013/12/10/scientxfundamental-analysis-10-dec-2013/

Posted by leslieroycarter > 2013-12-11 16:13 | Report Abuse

this is a growth share ..good for long n medium term investment .

Posted by leslieroycarter > 2013-12-11 16:28 | Report Abuse

Scientx should reach sky high one day given that its
EPS is 51.04 cts
PE 11.70
div 26 cts
div yield 4.63%
NTAB 2.84
Charts uptrend now ....how far it may go is anyone guess! Trade with de;igent is the motto..

Posted by leslieroycarter > 2013-12-12 09:44 | Report Abuse

co directors were buying at 5.55-5.67 on Nov 27th...mind u at 1.2 -2.4 million units . if wrong do correct me...

11/12/2013 17:13

Posted by leslieroycarter > 2013-12-12 16:05 | Report Abuse

TP will double sooner than 5 yrs time coz its business vol had surpassed 1.2 B already . If double this coming yr , u may see the price up at least extra 2/3 or double in the more positive note. This is really a growth stock by looking at the previous charts....

Posted by leslieroycarter > 2013-12-14 20:51 | Report Abuse

scientx performed better than kseng in its earnings . Another plus factor is its dividend has been increasing all the times . another 19% in the offing in the coming Jan 2014 disclosed much earlier in 2013. So its price is much cheaper than kseng ....which will be a star contender in 2014.

Posted by L. C. Chong > 2013-12-17 22:31 | Report Abuse

SCIENTX Analysis – http://lcchong.wordpress.com/2013/12/17/scientxfundamental-analysis-17-dec-2013/

Posted by jkhoo99 > 2013-12-18 17:18 | Report Abuse

what news?

Posted by Tan Siew Ting > 2013-12-18 18:26 | Report Abuse

Press statement by the CEO ...

Posted by leslieroycarter > 2013-12-19 10:15 | Report Abuse

http://klse.i3investor.com/blogs/kianweiaritcles/43602.jsp

Posted by leslieroycarter > 2013-12-19 11:46 | Report Abuse

TP 628 by Kenanga
18/12/2013 5.61 6.28 +0.67 (11.94%) BUY KENANGA Price Target News
17/12/2013 5.60 6.71 +1.11 (19.82%) BUY TA Price Target News
12/11/2013 5.65 6.28 +0.63 (11.15%) BUY KENANGA Price Target News
28/10/2013 5.80 6.28 +0.48 (8.28%) BUY KENANGA Price Target News
22/10/2013 5.48 6.28 +0.80 (14.60%) BUY KENANGA Price Target News
09/09/2013 4.75 5.93 +1.18 (24.84%) BUY TA Price Target News
08/08/2013 5.31 6.80 +1.49 (28.06%) BUY RHB Price Target News
26/06/2013 5.05 5.72 +0.67 (13.27%) BUY TA Price Target News

Posted by leslieroycarter > 2013-12-23 12:39 | Report Abuse

EXTRACT:
http://markets.ft.com/research//Markets/Tearsheets/Financials?s=261107&subview=Overview&period=a

Posted by leslieroycarter > 2013-12-27 10:44 | Report Abuse

share has to go up to match with the dividend pay out in Jan 2014 soon! Still long way to match the TP .

Posted by dg123 > 2013-12-30 18:50 | Report Abuse

Dividend EX Date 2-Jan-2014 for 18%. Price will up tomorrow

Posted by limayseng > 2013-12-30 20:23 | Report Abuse

TP @ 6.43 corresponds to an upside of 13 % ? It is good for a medium to long term investment ? Do trade with diligent and prudence.

Posted by David Goh > 2013-12-31 00:02 | Report Abuse

limayseng, you are asking question or giving advice? a bit confused with ur comment, pls advise :)

Posted by limayseng > 2013-12-31 12:24 | Report Abuse

anything might happen coz our Bursa is too high ? When u r in trade , do calculate how much u may tolerate the hidden risks as well before plunging into the seas of sharks! Can be considered as advice if u preferred to!

Posted by leslieroycarter > 2014-01-06 11:04 | Report Abuse

extract :

Co is making money but price falls?
Revenues 1.352 billion
Net Profit 115.244 mi
EPS 52.74 cts/51.04 cts
PE 10.96/11.45
Div 26/26
DY 4.74/4.74
NAB 2.88/2.84
Tp 6.28 by Kenanga !

Posted by leslieroycarter > 2014-01-08 19:42 | Report Abuse

EPS 52.74 is astronomical compared with the peers .... At this PE , the price should be 2xs of present price ?

Posted by dg123 > 2014-01-15 16:14 | Report Abuse

the price is dropping, any news?

Posted by leslieroycarter > 2014-01-15 16:24 | Report Abuse

https://www.kentrade.com.my/KenTrade/csmsq.aspx

Posted by leslieroycarter > 2014-01-15 16:26 | Report Abuse

extract:
:37PM SCIENTX Scientex Holdings Sdn Bhd (1,100,000 units Acquired)
7:35PM SCIENTX Lim Teck Meng (1,116,000 units Acquired)
7:35PM SCIENTX Lim Peng Cheong (2,216,000 units Transacted)
7:33PM SCIENTX Lim Peng Cheong (2,216,000 units Transacted)
7:33PM SCIENTX Lim Peng Jin (1,116,000 units Acquired)
7:33PM SCIENTX Lim Peng Jin (1,116,000 units Acquired)
7:31PM SCIENTX Lim Teck Meng (1,116,000 units Acquired)

Posted by dg123 > 2014-01-15 16:29 | Report Abuse

bro, how u get this info?

Posted by Thong Wing Hoong > 2014-01-16 10:12 | Report Abuse

seems like LIM family..aggresively buying

Posted by keanpoh > 2014-01-27 13:37 | Report Abuse

This company has an outstanding management team that is laser focused on growing its market share and top line, as well as continuously generates shareholder's wealth in the long term. The management has a target to double it's market cap (which also means share price) in the next 5 years. They payout good dividend too.

However, the stock price has been moving down trend in recent weeks from the high of RM5.70 to RM5.00 today. Is this a buying opportunity for investors?

Here are the few things that I will pay attention to for this company:
1. Debt level: The management team has chosen to increase its debt leverage following the acquisition of Great Wall Plastic at the end of 2012 to early 2013. Although the debt level is at manageable level and could provide tax benefit to the company, I expect the debt level to maintain at this level or even better if it is being reduced gradually using internally generated funds. This move will help reduce financial distress risk the company face when global interest rates gradually rise in 2014 (including Malaysia) as well as if sales of its property business does not perform as good as the company expected.

2. Profit margin: The venture into the food packaging business will provide higher profit margin for the company. The ability to maintain (or even increase) profit margin is crucial to the company's manufacturing business. Further improvement in this area is a good indicator of the management's ability (and hence management quality) in harvesting the synergy generated from the Great Wall Plastic acquisition.

3. Sales from Property Business: One of the thing that I like about Scientex is that the business itself is somewhat diversified - Manufacturing & Property. With the cooling measures to the property sector announced by the Malaysian federal government in Budget 2014, it is crucial to monitor the Revenue growth in the company's property business arm to see if it is affected by this measure.

With the LIM family recent acquisitions of the company's stock, it gives investors some confidence that the company is doing well and is still on track to meet its goal of doubling its share price in 5 years time. We'll see in the next quarterly financial report release.

Disclosure: I have a position in the stock.

Posted by houseofordos > 2014-01-27 13:40 | Report Abuse

keanpoh, care to enlighten on 2 things :-
1. How much from the PBT is contributed from property vs packaging
2. How does its margins in the packaging side compare to say Thong Guan ?

Posted by leslieroycarter > 2014-01-27 14:43 | Report Abuse

at least the co and the major shareholders are buying back the shares in open market compared with kseng none ?

Posted by keanpoh > 2014-01-27 17:56 | Report Abuse

Hi houseofordos,

You can always look at contribution from property and manufacturing of Scientex from the notes to each financial reports.

According to its Annual Report 2013, page 157:
Revenue from Manufacturing = RM918,846,809
Revenue from Property = RM310,197,804
Segment Profit from Manufacturing = RM57,267,927
Segment Profit from Property = RM98,340,370

The company did not state separately what is the PBT for individual business segment but is lumped together for the entire group. But from the information above, we can quickly see that its manufacturing business contributes to lower Segment Profit Margin than the property business (6.23% vs 31.7%).

These margins can be compared with its own 2012 result, which is 5.81% vs 29.49%.

A quick look at TGUAN EBIT based on data from Bloomberg:
FY2012 = 4.66%
Q3 FY2013 = 7.08%

However, we are not comparing Apple to Apple here simply because different sets of information are used and both companies do not produce exactly the same kind of products.

The information provided above can just be used as a quick reference only.

Posted by houseofordos > 2014-01-27 18:05 | Report Abuse

Thanks KeanPoh. I have not looked into detail but I am interested in this company. I think a sum of parts valuation makes more sense to value Scientx because of its 2 diverse businesses. I would use different industry average PE or EV/EBIT from property and packaging companies as a guideline and apply the necessary premiums or discount to that industry average depending on SCIENTX efficiency / growth.

Posted by houseofordos > 2014-01-27 18:07 | Report Abuse

Posted by kcchongnz > Jan 27, 2014 05:58 PM | Report Abuse

Scientex has very good growth after acquisition of GW Plastic and became one of the world's leaders in industrial packaging. So at RM5.04, the PE and EV/Ebit of about 10 is attractive. This business will take over its property development as a major earner very soon.

Using a super-abnormal growth assumption of 10%-12% for the next 5 years, the average intrinsic value I got for Scientex is about RM7.00. I think it may worth more than this in vies of its growth and heaps of FCF.