1. Property market slowdown in 2015. Yes, true, in fact property market start to slow down since 2014, but Signature being the market leader in this industry is still seeing a tremendous growth for the last 6 quarters due to the strong performance and strong order book.
2. Strong growth for the last 6 quarters, very consistent growth so far: FY/Q Rev Net Profit EPS FY2015 Q2 $71m $12.1m 10.2 FY2015 Q1 $59m $6.7m 5.6 FY2014 Q4 $63m $8.7m 7.4 FY2014 Q3 $42m $4.1m 3.5 FY2014 Q2 $42m $2.9m 2.4 FY2014 Q1 $27m $2m 1.7
3. Current unbilled order book - $200m
4. Tender book of RM500 million that is spread over three to five years, and history success rate is 40%-50%, which mean around RM250m.
5. The continued order flow explains the rationale for Signature’s purchase of five parcels of industrial land in Seremban recently for RM50.8 million to double its capacity.
6. Other potential project: a. High-quantity projects in a 5 to 10-year development by Chinese developers in Iskandar Malaysia. b. Expansion in Sabah Market c. Growth in retail estimated 10%, set up two Signature Lifestyle Galleries last year — at The Cube in Puchong, Selangor, and Danga Utama in Johor d. PR1MA project ~RM200m
i believe is due to the HSC Healthcare Sdn Bhd keep dispose their holding causing the price not moving up. when they stop dispose enough, it will gona move up........
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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....
Joel
4,580 posts
Posted by Joel > 2015-02-23 10:58 | Report Abuse
Congra. to those who success to collected at RM2.08 juz now.