While i believe SAM Engineering is still a very good fundamental company with relatively decent valuations, I think it was reported that they have already achieved maximum capacity for their aerospace segment.
Current order book stands at RM3.5 billion. They are currently expanding their capacity, which it expected to complete at the end of 2017. Until the completion of the capacity expansion to further absorb the order book at a faster pace, i do not foresee any jump in profit for the upcoming few quarters.
Hopefully can accumulate at a lower price sometime in the future before the commencement of the new factory!
It is gud if u can get at lower price b4 u accumulate but can u? Its present price is still way below its value. Furthermore it still giving dividend better than bank's FD. It is a gud and cheap buy for a gud fundamentally sound company.
Well, If the upcoming QRs do not perform (because it has achieved its maximum capacity for its aerospace segment) as what the investors are expecting, then share price might just collapse.
Disclosure: i am very sure they will remain profitable. But with a PE of 15x and ICULS outstanding, surely investors are expecting a good growth, atleast a growth rate > a company that is currently at its maximum capacity.
Anyway, just my opinion. Dont have to bother with my opinion. But, i do agree it is a fundamentally sounds company, with strong shareholder profile, balance sheet and dividend yield, just that i remain alittle bit neutral before the commencement of upcoming expansion :)
Even with ICULs dilution, it still hv gud potential for share price to appreciate. Not time to sell yet. I hope it will drop and more selling to occur.
this screen slow like klse program.. now is 7.25.. greedy to buy at 7.90 and then now drop like hell.. earn a bit dividend but lost a lot.. when can it up up up!!!!!!!!
going to die if drop until 6.50.. my gtronics dr mah mati op from 3.92 to 2.79... pain... pain.. said good share while i buy.. then drop like hell... headache
Ta analysis won't work on FA counter e.g. SAM. Neckline... inverted head and shoulder....
Just remember this : chart is also created by market makers!
Some body wrote this :
'Recently a friend asked about my opinion on SAM Engineering, so here is my TA analysis for this popular stock since I am free tonight.
According from daily chart, the former high (point B) could not break the record high (point A), and the price is fell down continuously, so short-term support now is about 7.295. Currently, it is high possibility heading to the neckline if the short term support is fail to defend, and then a bigger head pattern will form if observe from weekly chart, and 6.00 is the support for the neckline, once broken consider bearish is confirm.
In short, I am not that optimistic regardless from daily or weekly chart, as we always buy low, not buy high, so I do think the best choice so far is keep monitoring closely, because I would rather miss and not to make a mistake.'
Hv faith in ur own valuation of the share u will not get panic when on rumours folks starting to throw. U quietly and happily nibbling. Afterall, fundamentally nothing has change. Key word ....FAITH on ur hard work on valuation.
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....
Wong Chie Kiong
665 posts
Posted by Wong Chie Kiong > 2016-07-22 11:03 | Report Abuse
share split & bonus