SAM ENGINEERING & EQUIPMENT

KLSE (MYR): SAM (9822)

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Last Price

4.11

Today's Change

-0.09 (2.14%)

Day's Change

4.11 - 4.20

Trading Volume

230,600


12 people like this.

4,872 comment(s). Last comment by RonnyWu 2 days ago

Posted by Alex Lim Jun Xiong > 2016-06-24 14:51 | Report Abuse

Sold? Later 5pm close RM7.70 u regret~

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-06-24 14:59 | Report Abuse

this counter will touch 8.50 soon

winston1

535 posts

Posted by winston1 > 2016-06-25 01:05 | Report Abuse

If any bonus issue RM10.00 is within reach

Posted by dfsbipohsch > 2016-06-27 10:52 | Report Abuse

wah so geng then can still go in

77huat77

1,782 posts

Posted by 77huat77 > 2016-06-27 10:56 | Report Abuse

Still in momentum

Posted by Alex Lim Jun Xiong > 2016-06-27 12:26 | Report Abuse

Market sentiment so weak, SAM still can go up.
Strong dividend & good company fundamental.
Perhaps bonus issue & share split soon? TP RM10.

HuatRex

2,617 posts

Posted by HuatRex > 2016-06-27 13:17 | Report Abuse

Yes with this strong momentum tp 10 is possible.

AAXTF

14 posts

Posted by AAXTF > 2016-06-27 16:55 | Report Abuse

tmr 7.45 again lol

Posted by dfsbipohsch > 2016-06-27 17:08 | Report Abuse

close at 7.60

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-06-27 17:24 | Report Abuse

tomorrow will be 7.75

Posted by Lost In Bursa > 2016-06-27 18:52 | Report Abuse

RM 7.80 ~ RM 8.00 otw ... not many good counters to trade and invest already. This is a good one that everybody jumped in. Dividend day also very soon and can't resist to lose the opportunity.

Stone_Wall

121 posts

Posted by Stone_Wall > 2016-06-27 21:26 | Report Abuse

slow n steady counter. most ppl in SAM r longer term players

waterfire

78 posts

Posted by waterfire > 2016-06-27 22:26 | Report Abuse

aiyo, u didnt hear what itudia says? it is still wintering and they are enjoying the hibernation!

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-06-28 11:08 | Report Abuse

Going to touch 7.75

Posted by Lost In Bursa > 2016-06-28 11:22 | Report Abuse

It break R1 @ RM7.60. Next R2 will be RM7.80

Posted by dfsbipohsch > 2016-06-28 11:26 | Report Abuse

now 7.73

Posted by Alex Lim Jun Xiong > 2016-06-28 15:30 | Report Abuse

Don't worry, strong resistance RM8 will b broken by this week.
After up everyday up 7% like Ajinomoto to above RM10.
=)

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-06-28 15:34 | Report Abuse

next 8.00 - 8.50 level maybe this week

rohank71

913 posts

Posted by rohank71 > 2016-06-28 15:55 | Report Abuse

already touch 7.75. FLY to moon

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-06-28 15:57 | Report Abuse

look like 8.00 today closing.

Up_down

4,346 posts

Posted by Up_down > 2016-06-28 16:24 | Report Abuse

Dividend yield of 5.5% at the price of RM 7.7. It is very attractive returns to Singapore funds company.

Posted by Alex Lim Jun Xiong > 2016-06-28 16:31 | Report Abuse

Hello, Singapore fix deposit 1 year only 1%, same goes to Brunei.
Now RM so cheap, better buy on weakness then invest into SAM.

Up_down

4,346 posts

Posted by Up_down > 2016-06-28 16:36 | Report Abuse

SAM is a Singapore company in an indirect way. Singaporean must be very confident of their own company. Some more, it is controlled by Temasek. No hanky panky.

Posted by Lost In Bursa > 2016-06-28 16:38 | Report Abuse

Tomorrow will break R2 - RM7.80

Posted by dfsbipohsch > 2016-06-28 17:46 | Report Abuse

today close at 7.76 and tow will be more than 7.80 since DOW futures jump 200 points as global markets steady after Brexit selloff

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-06-29 09:38 | Report Abuse

to close now for 8.00

waterfire

78 posts

Posted by waterfire > 2016-06-29 09:58 | Report Abuse

what is brewing?

Posted by Lost In Bursa > 2016-06-29 11:23 | Report Abuse

Resistance 2 at RM7.80 breakout! Next resistance is 7.99 and 8.28

Posted by Lost In Bursa > 2016-06-29 11:38 | Report Abuse

Hopefully the afternoon session will break RM 8.00!

Kenz

181 posts

Posted by Kenz > 2016-06-29 11:44 | Report Abuse

climbing steadily but with strong confidence. Not many is paying attention (compared to last Oct 15)as there is no euphoria noted

Hk Wong

420 posts

Posted by Hk Wong > 2016-06-29 11:49 | Report Abuse

10.00

Posted by Lost In Bursa > 2016-06-29 11:52 | Report Abuse

It well could be 10.00 before 19-7-2016. Ex-date of div.

Posted by dfsbipohsch > 2016-06-29 13:49 | Report Abuse

That great n will buy some more in order to enjoy the coming 10.00

Posted by Lost In Bursa > 2016-06-29 15:20 | Report Abuse

Target to close at 7.95 today? or more!

AAXTF

14 posts

Posted by AAXTF > 2016-06-29 15:29 | Report Abuse

7.93

Posted by Lost In Bursa > 2016-06-29 16:07 | Report Abuse

Difficult to reach 7.93 but 7.90 also good enough for today.

Posted by dfsbipohsch > 2016-06-29 20:23 | Report Abuse

Hope tomorrow will continue n break 8.00

HuatRex

2,617 posts

Posted by HuatRex > 2016-06-29 23:18 | Report Abuse

Something big is coming

kusmitea

36 posts

Posted by kusmitea > 2016-06-30 09:26 | Report Abuse

WELCOME TO THE BILLION DOLLAR CLUB!

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-06-30 10:08 | Report Abuse

Not less then 8.00 today closing.

Posted by Lost In Bursa > 2016-06-30 10:52 | Report Abuse

T4 today! Traders forced to dump their shares 1st.

Posted by Alex Lim Jun Xiong > 2016-06-30 11:47 | Report Abuse

Long term shall be good, don't worry.
Just hold~

Hk Wong

420 posts

Posted by Hk Wong > 2016-06-30 15:25 | Report Abuse

10.00

Posted by Lost In Bursa > 2016-06-30 16:39 | Report Abuse

A lots of short term traders cannot hold and forced sell today. Hope tomorrow or Monday can pick-up.

rohank71

913 posts

Posted by rohank71 > 2016-06-30 16:44 | Report Abuse

can anyone confirm that some of the placee who bought SAM at 5.40 from Temasek now began selling after price up 50% in 2 months.

rohank71

913 posts

Posted by rohank71 > 2016-06-30 16:45 | Report Abuse

selling from mid yesterday.

rohank71

913 posts

Posted by rohank71 > 2016-06-30 16:56 | Report Abuse

total 9 over million shares placed out at 5.40

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-07-01 09:56 | Report Abuse

Price going down technical only will fly again today or monday for 8.00

leekh5555

545 posts

Posted by leekh5555 > 2016-07-01 10:10 | Report Abuse

after conversion of loan stock by Termasek,how much it will affect the bottom line on next quarter result in August?

thinkfirst

3,146 posts

Posted by thinkfirst > 2016-07-01 15:54 | Report Abuse

PETALING JAYA: SAM Engineering & Equipment (M) Bhd’s largest shareholder, Temasek Holdings (Pte) Ltd, has converted the bulk of its loan stocks in the company, which raises the prospect of a decline in the dividend per share of SAM Engineering.

Temasek converted 83.03 million irredeemable convertible unsecured loan stocks (Iculs) into 39.54 million new shares in SAM Engineering yesterday.

The loan stocks were converted at a rate of RM2.10 per Icul.

The exercise will expand SAM Engineering’s total share base to 125.86 million from 86.32 million shares previously.

Temasek has 18.22 million loan stocks yet to be converted.

SAM Engineering’s dividend per share for the financial year ended March 31, 2015 (FY15) was 32.2 sen per share.

While this dividend per share figure is expected to be reduced due to the larger share base, the improved earnings of SAM Engineering instead raises the possibility of a higher dividend payout.

SAM Engineering paid out RM27.78mil in dividends for FY15 and this works out to a payout ratio of 80% of profits for that financial year.

Using the same dividend payout ratio, it is estimated that SAM Engineering may pay RM50.48mil in dividends for FY16.

This could result in a dividend per share of 40 sen for FY16, taking into account the current total share base of 125.86 million shares.

It should be noted too, that following the conversion of the Iculs by Temasek, SAM Engineering stands to save some money from the interest that it was paying to its Iculs holders.

The Iculs carried a 4% interest and SAM Engineering had paid out a total of RM4.12mil in FY16 in these interest payments, the annual report showed. It is also not surprising that Temasek had sought to convert its Iculs, as it is likely going to enjoy a higher yield from owning shares in SAM Engineering, compared to the 4% rate from the Iculs. The 40-sen dividend payout, if it materialises, would bring Temasek a much higher yield, considering it had bought into SAM Engineering in 2012 at a lower price from what the stock is trading at now.

SAM Engineering reported an improved net profit of RM63.09mil for its FY16, which was a 28.5% increase from the previous year.

Temasek through its unit, Singapore Aerospace Manufacturing Pte Ltd, had earlier disposed of 9.1 million shares in SAM Engineering to a group of purchasers.

The disposal brought down Temasek’s interest in SAM Engineering to 54.46% or 48.74 million shares.

Now that Temasek has converted the bulk of its loan stocks, its current interest in SAM Engineering has increased to 70.12% or 88.28 million shares.

Thus, Temasek still fulfils the public shareholding spread, as its shareholding in SAM Engineering is still below 75%.

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