The company faces a severe growth bottleneck since the aggressive venture into project-based business started. A business based on modular system, the entry into business of serving real estate developer resulted in price pressure which led to the company cutting and delaying contractors' compensation. If the latter is unhappy, customers will be complaining about the quality and they already are complaining especially on size fit and the delicacy of installation. You can't grow a business like this healthily unless you train a high volume of contractors in-house. Their past success is mainly a function of being among the first licensed large kitchen cabinet supplier in Malaysia but these hypes don't live long if quality and delivery do not follow. Moreover, it's a very competitive industry with numerous medium-sized enterprises and a bunch of independent "uncle" players. Just my two cents.
Easily break the strong resistance at 0.40.today and shoot up to 0.475. This is a very strong V shaped rebound. Considering the strong fundamentals and bright future of the company , 0.68 is definitely achievable, before achieving the target price of 0.88. It is a great timing to buy it low now during this global medical and economic crisis.
The company faces a severe growth bottleneck since the aggressive venture into project-based business started. A business based on modular system, the entry into business of serving real estate developer resulted in price pressure which led to the company cutting and delaying contractors' compensation. If the latter is unhappy, customers will be complaining about the quality and they already are co
Signature’s share price has rebounded since hitting its all-time low of 16.5 sen on March 18 -- the day Malaysia enforced its movement control order.
It closed 0.5 sen or 1.37% higher at 37 sen today, giving it a market capitalisation of RM82.95 million. The counter saw 158,000 shares done. BUY tomorrow in big volume & TP @ 0.450..go go
China-based Xiamen GoldenHome Co Ltd is investing RM8.5 million to take up 22.42 million shares being placed out by Signature International Bhd, which represents a 10% equity stake in the local kitchen and wardrobe maker, based on its issued share base.
Similarly involved in the business of manufacturing and distributing kitchen cabinets, wardrobe and customised home-furniture products, Xiamen Goldenhome is listed on the Shanghai Stock Exchange. As of today, it has a market capitalisation of 4.03 billion Chinese yuan (about RM2.49 billion).
Xiamen Goldenhome is taking up the placement shares via its wholly owned subsidiary, JPND Singapore Pte Ltd. The issue price for the placement shares were fixed at 37.92 sen per share, according to Signature in a stock exchange filing today.
Following the investment, the two companies will explore business opportunities in the field of customised built-in home and smart-home living furniture in Malaysia and Southeast Asia, according to Signature. Signature inked a framework agreement with JPND for the collaboration today.
I think this stock is heading to 0.31-0.32 in the next few weeks and bounce back after that. It seems like it is within the range trading unless there is some form of catalyst to propel it further. Overall, a laggard player with beta of 1.64. I think the TP will be around 0.50. Please let me know my analysis whether it is correct or not.
I have been away for 7 years and recently I just got back into stock trading since property market is a bit soft at the moment.
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....
poh_83
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Posted by poh_83 > 2019-07-08 21:37 | Report Abuse
Thanks bwho , hope the Q4 result will bee good.