SYCAL VENTURES BHD

KLSE (MYR): SYCAL (9717)

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Last Price

0.205

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


2 people like this.

1,270 comment(s). Last comment by Superb99 2024-07-30 23:52

Myeye

1,373 posts

Posted by Myeye > 2017-10-09 16:30 | Report Abuse

~.~

Peter2357

597 posts

Posted by Peter2357 > 2017-10-28 13:39 | Report Abuse

a big boost for construction stocks under 2018 budget due to strong allocation to infrastrature n housing.

Myeye

1,373 posts

Posted by Myeye > 2017-11-28 10:14 | Report Abuse

~.~

Myeye

1,373 posts

Posted by Myeye > 2018-01-03 12:16 | Report Abuse

WEST EMERALD ISLE SDN BHD acquire 27,000,000 share ~.~

Myeye

1,373 posts

Posted by Myeye > 2018-01-05 14:44 | Report Abuse

Power on ~.~

Posted by KingOfStock > 2018-01-06 19:40 | Report Abuse

gogogo...meletup soon... new shareholder coming in...

Myeye

1,373 posts

Posted by Myeye > 2018-01-11 15:44 | Report Abuse

~.~

quassar

162 posts

Posted by quassar > 2018-03-12 10:01 | Report Abuse

active early morning...

Posted by Jolin Lai Chi Pet > 2018-08-17 07:22 | Report Abuse

going to limit up anytime..................

Yael Jasper

2,178 posts

Posted by Yael Jasper > 2018-08-17 11:06 | Report Abuse

Never regret for buying this stock, profit is real

Posted by Jolin Lai Chi Pet > 2018-08-17 12:02 | Report Abuse

buy it while cheap................ later above 30 cents

Posted by commonsense > 2019-01-29 12:38 | Report Abuse

Since FY16, the company has only managed to deliver very small profit to its shareholder. 9m18 result only manged to record a profit of RM1.8mil. Even if the company manged to deliver a higher than average profit of RM2.5mil for the full FY18, at the current share price, it would have already been value at almost 30x PE. To think it can deliver a higher profit in FY19 might be a bit of a wishful thinking on the part of some investors especially given the depressing property market at the moment.

If you are looking to diversify your portfolio outside of Sycal Ventures (due to its earnings uncertainties and relatively high valuation) I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.9x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 5.9x PE.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Heng Chai

1,199 posts

Posted by Heng Chai > 2019-03-29 16:58 | Report Abuse

Something brewing. Hehe

teo2894

13 posts

Posted by teo2894 > 2019-04-01 09:53 | Report Abuse

Take profit and run

Investhor

537 posts

Posted by Investhor > 2019-04-05 19:24 | Report Abuse

I believe future trend is good for this company

Investhor

537 posts

Posted by Investhor > 2019-04-06 08:02 | Report Abuse

below is Mandarin version of article:

https://klse.i3investor.com/blogs/InvesthorsHammer/201206.jsp

stncws

10,711 posts

Posted by stncws > 2019-04-06 21:46 | Report Abuse

bursamaster eat lot ?

Posted by BURSAMASTER > 2019-04-06 22:11 | Report Abuse

yes, i took some at 0.25 yesterday

Furlala

19 posts

Posted by Furlala > 2019-10-17 13:00 | Report Abuse

Bursamaster, and all, any comment or latest update for this?

Posted by CatchThe Bull > 2020-03-02 17:26 | Report Abuse

If possible stay away from this type of counter.

thesteward

6,782 posts

Posted by thesteward > 2020-04-29 12:46 | Report Abuse

This counter is truely overlooked such a high nta and making good profit trading so cheap .
What a gem

RedEagle

3,194 posts

Posted by RedEagle > 2020-05-05 21:40 | Report Abuse

Pity pattern chart

volks2

1,116 posts

Posted by volks2 > 2020-05-14 14:35 | Report Abuse

Comin now.

thesteward

6,782 posts

Posted by thesteward > 2020-05-14 14:39 | Report Abuse

Don’t miss lo

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-13 10:45 | Report Abuse

sycal attracts me.
buying some to try my luck

thesteward

6,782 posts

Posted by thesteward > 2020-07-13 14:47 | Report Abuse

I think will move soon

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-14 09:43 | Report Abuse

so, moved

Peace99

2,264 posts

Posted by Peace99 > 2020-07-15 21:50 | Report Abuse

hello, jaynetan, good to see you here! So, looks like this counter will be rewarding just like VSolar!

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-16 00:42 | Report Abuse

oh p99 meet you again here.
nice
sycal attracts me.
buying some to try my luck

13/07/2020 10:45 AM

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-16 00:45 | Report Abuse

looks like vsolar but much differences , hope it helps me to retire early

Peace99

2,264 posts

Posted by Peace99 > 2020-07-16 10:14 | Report Abuse

Would be nice to retire early and healthy! Just wonder what you think of dolphin international as it is also doing right issues to acquire Uncle Don. Ex-date 23 July. It's quite active trading now.

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-16 10:51 | Report Abuse

market active many cash calls. to be cautious , i only prefer minimum risk which is in favor of me and able to shoulder the downside.
i wait see .
in the mean time, i prefer sycal with several self satisfaction reasaons, or shiok sendiri only.
just a laugh

Peace99

2,264 posts

Posted by Peace99 > 2020-07-16 11:44 | Report Abuse

Would you mind to share your reasons for sycal? Just as a reference, as I should do my homework too! Cheers

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-17 15:39 | Report Abuse

its proposal
egm 6/8

Peace99

2,264 posts

Posted by Peace99 > 2020-07-17 22:45 | Report Abuse

Thanks, and iIndeed, the fund to be raised will be mainly used in the housing and condo projects which look good to me. I know of this ICPS thing just now and the share price now is about 3-5 sens higher than last week when the price was less than 20sen, so I lose out a bit, but this extra 3-5 sens when spread over the 15 ICPS is just about 0.3 sen/ICPS. With egm on 6 Aug means the ex-date will be soon. Conclusion: I will definitely buy too.

Peace99

2,264 posts

Posted by Peace99 > 2020-07-17 22:48 | Report Abuse

I am hopeful that these ICPS thing will bring the good profit just like the VSolar right issues:)

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-17 22:50 | Report Abuse

We met at vsolar
Haha

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-20 21:40 | Report Abuse

The rm 20 m subscription of icps by major share holders to be a good catalyst

sweng88

31 posts

Posted by sweng88 > 2020-07-20 22:52 | Report Abuse

hi Jaynetan, i understand abt RI, but i still dun understand abt ICPS, can you teach me, i also want to retire earlier thanks

jaynetan

1,495 posts

Posted by jaynetan > 2020-07-21 05:13 | Report Abuse

a few types of loan stocks
icps , rcps are two fo them
icps, irredeemable convertible preference shares.

Peace99

2,264 posts

Posted by Peace99 > 2020-07-28 12:44 | Report Abuse

Sweng88 and all, Below is copied from Bursa Announcement. Pls check there for more details.

The Proposed Rights Issue involves the issuance of up to 6,244,866,420 ICPS on the basis of 15 ICPS for 1 Share.

Based on the Conversion Mode, the ICPS can be converted into new Shares at the Conversion Price in the following manner:
(a) by surrendering for cancellation twenty (20) ICPS for conversion into one (1) new Share
(“Conversion Ratio”) (“Conversion Mode 1”); or

(b) by surrendering for cancellation one (1) ICPS together with a cash payment of RM0.19 for one (1) new Share (“Conversion Mode 2”).

Peace99

2,264 posts

Posted by Peace99 > 2020-07-28 12:50 | Report Abuse

Each ICPS costs 1 sen to subscribe.
In short, if you choose Conversion MOde 2, you get 1 share by paying 1sen +19sen=20sen. Now the price is 26sen, so potentially major earning.

Jaynetan, is this the main idea?

jaynetan

1,495 posts

Posted by jaynetan > 2020-08-15 06:47 | Report Abuse

Hopefully born at the right time

jaynetan

1,495 posts

Posted by jaynetan > 2020-08-27 00:57 | Report Abuse

interesting

Peace99

2,264 posts

Posted by Peace99 > 2020-08-28 16:53 | Report Abuse

Wow, fly, not selling:)

Peace99

2,264 posts

Posted by Peace99 > 2020-08-28 16:54 | Report Abuse

Just managed to login today and nice surprise!!

jaynetan

1,495 posts

Posted by jaynetan > 2020-08-28 17:25 | Report Abuse

happyholiday

Peace99

2,264 posts

Posted by Peace99 > 2020-08-29 18:09 | Report Abuse

Happy holidays, RI going well!

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