@bizfuneng, the current one by rakuten is at RM1.25. Which I believe is quite conservative. There has yet to be any tp revisions done by official analysts.
However, some common fair value metrics are as below (I got these from iSaham): Relative valuation (pe15) = RM1.85 Graham Number = RM1.96 DCF (10%) = RM1.53
Please do your own due diligence and take these numbers with a pinch of salt. Thank you.
The Group recorded a Lower profit before tax of RM18.77 million (-42%) for the current quarter under review as compared to the profit before tax in the immediate preceding quarter of RM32.09 million.
This is due to the decrease in sales volume in the current quarter under review compared because of stricter pandemic containment measures such as sector closures, lockdowns and movement restrictions especially in Malaysia and Vietnam.
Chief Executive Officer of Samchem, Mr. Ng Thin Poh commented: “The pandemic situation and lockdowns in Malaysia and Vietnam posed challenges in the third quarter with economic activities significantly reduced. Working against these headwinds, we managed to deliver another commendable set of results, recording a 33% year-onyear profit growth. This is a testament of our agility in responding to external disruptions and the defensive nature of our business. With the worst of the pandemic hopefully over, we are seeing a rebound in demand in the fourth quarter with the reopening of most economic sectors across our key markets. Riding on this momentum, we are optimistic of continued strong performance for the rest of the year.
Ng noted Samchem is still in expansion mode and the group has recently commenced construction of its warehouse in Pulau Indah, which will double its storage capacity in Klang Valley.
"Exports of manufactured goods in September 2021 reached its highest monthly value at RM94.86bil or 85.6% of total exports, grew by 21.6% y-o-y.
"Petroleum products, manufactures of metal, E&E products, chemicals and chemical products, palm oil-based manufactured products, other manufactures especially solid-state storage devices (SSD) as well as iron and steel products respectively registered more than RM1 billion expansion in exports," said Miti.
I believe SAMCHEM's share price has over-corrected at 0.905 now and presents a good opportunity for longer term investors. With a rolling 4 quarter EPS of 12.65, it is currently valued at a P/E of 7.19 compared to the industry median P/E of 14.5.
Furthermore, the management has repeatedly attributed the recent q-o-q drop in earnings to the COVID restrictions in key regions-Malaysia and Vietnam which have since been lifted.
Moving forward, I do see the improving macroeconomic environments favoring the operations of SAMCHEM. The rise in industrial output buoys the demand in capital goods such as industrial and specialty chemicals, providing sustainable tailwinds for SAMCHEM.
Not to mention, SAMCHEM's forecasted dividend per share at approx 4.1sens and 4.7sens for FY21 and FY22 respectively reflects an attractive dividend yield of 4.5% and 5.16%. It's high ROE of 30.12 also depicts that the management is highly capable of utilising shareholder's equity in creating value.
All in all, I do see this short term retracement as an attractive opportunity for longer term investors. Thank you and please do your own due diligence as well.
KUALA LUMPUR (Dec 10): Malaysia’s manufacturing sales grew 15.3% to RM140.7 billion in October 2021 from the same month in 2020, driven by the petroleum, chemical, rubber and plastic products sub-sector, which rose 27%, especially in the manufacture of coke and refined petroleum products industries. Malaysia's October manufacturing sales grew 15.3% — DOSM https://www.theedgemarkets.com/article/malaysias-october-manufacturing-sales-grew-153-—-dosm (Share from StockHunter)
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Trade in Peace
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Posted by Trade in Peace > 2021-10-19 22:01 | Report Abuse
stay monthly sma, continue bullish 久等了各位,明天股市稍微主意壓力喔
https://youtube.com/watch?v=MyLgNng9qlQ