Shin Yang is a Sarawak counter and is controlled by one of the richest families in Sarawak.Though the shipping industry is not doing well in the last few years the company has been able to make some profits. Some investors will invest in Shin Yang counter because it is selling cheap at 31cts against its NTA of rm1. Also the family is very diversified in other businesses like construction,palm oil,timber,retail supermarkets etc. and so you sure of the support of the largest shareholder.
An grossly undervalued counter 1)net assets of rm0.99. 2)latest quarter reported net profit after tax of rm11M even though the shipping industry has not recovered ....an indication that it is well n better managed than other Malaysian shipping companies. 3)Shin Yang has recently started share buyback and is an sign for long term investors to accumulate at its fyear low price. 4)increasing transportation revenues from mega Pan Borneo projects. 5)Shin Yang is controlled by one of the top richest and respected businessmen in Sarawak who is also into construction, palm oil plantation ,timber etc.
Rm2Billion allocation for Pan Borneo Highway announced under 2018 budget yesterday will be a boost for Shin Yang shipping revenue and hence its profit.
This company just finished internal slim down... They force all employee to take pay cut 15% - 30%...so alot of people resign After that those that remain but not needed, they propose to transfer them to someway far plus 50% pay cut...either they take it or leave... They even do this to those working with them for more than 10 years...
So now, since they get rid of those bad lump...there is a good chances that this company will do very well from now onward...
avoid shin yang, especially the boss, who only thinking of his own earning, don't care of other feeling. of course shin yang dominated in sarawak, from A to Z, from land, sea, air business all they have own, but mind to ask you few questions, are they professional in those multi-role ? try go listen to those live in sarawak to share about the boss, company background. believe or not up to you, i just want to warn you guys don't invest your hard earn money on this guy, at the end will end you up.
HARBOUR for me its a great logistic company. u all can focus other logistic and bunkering stock. another good BET will be STRAITS. its really a geat buy at current price
company buy back won't be so much. Today volume is HUGE!! I don't be worry if company got bullets buy back so much but I doubt of it. I more concern is ppl goreng and dump later.
Is operator want to goreng up, afternoon very likely have some correction.
then shall investigate all the telegram as well. Then never end. Important is people can blow sky and moon but you shall make wise decision before purchase. Read the annual report to understand the company fundamental better
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....
k55s
109 posts
Posted by k55s > 2016-05-13 21:34 | Report Abuse
Boh chow c ah.