Posted by Hafid > 2021-03-18 16:11 | Report Abuse

Strong demand for Semiconductor and Data Storage Devices

Posted by stteck > 2021-04-19 08:53 | Report Abuse

Worldwide PC shipments grew 32 per cent year-on-year in the first quarter of 2021

Posted by CynicalCyan > 2021-05-06 23:37 | Report Abuse

Half aviation, half tech stock.

Double-whammy.

Posted by stteck > 2021-05-13 20:19 | Report Abuse

FAA approved 737max to fly again

Posted by stteck > 2021-05-25 19:34 | Report Abuse

second highest profit in history record

Posted by yangxi > 2021-05-25 21:19 | Report Abuse

good.. got 11sen dividend. ok lor

Posted by Najib Zamry > 2021-05-26 22:57 | Report Abuse

Good result with solid dividend ....should go back to Rm7

Posted by nigel foo > 2021-05-27 10:20 | Report Abuse

seriously, why nobody notice this hidden gem...semiconductor and data storage equipment segment is churning 100 mil PBT and still growing rapidly but market cap is less than 1billion.

Posted by blackchicken > 2021-05-31 20:55 | Report Abuse

Good results..

Posted by Musangkingfarmer > 2021-06-15 15:38 | Report Abuse

Kobay up like no tomorrow, limit up a few days, when is Sam's turn?

Posted by Fabien _the efficient capital allocator > 2021-06-15 20:13 | Report Abuse

It's highly illiquid. shares tightly held by Temasek. otherwise, i think this company is worth at least 2 billion

Posted by Fabien _the efficient capital allocator > 2021-06-16 09:37 | Report Abuse

comparison between Kobay & SAM

https://klse.i3investor.com/blogs/icon8888/2020-03-05-story-h1484718675-_Icon_Kobay_Technology_Growing_From_Strength_To_Strength.jsp

https://klse.i3investor.com/blogs/icon8888/2020-03-01-story-h1484655370-_Icon_Sam_Engineering_Excellent_Result_Share_Price_Can_Potentially_Doub.jsp

Posted by blackchicken > 2021-06-19 23:17 | Report Abuse

Aviation industry likely to return to normal in 2022, says Tony Fernandes https://www.theedgemarkets.com/article/aviation-industry-likely-return-normal-2022-says-tony-fernandes

Posted by kancs9128 > 2021-06-25 16:15 | Report Abuse

slowly inching down

Posted by Foker > 2021-06-30 18:51 | Report Abuse

Downtrend counter. Aerospace weak. May hit rock bottom soon. Low volume no support

Posted by blackchicken > 2021-07-03 12:16 | Report Abuse

Strong employment numbers suggest U.S. could hit pre-pandemic job levels sooner, White House adviser says

https://finance.yahoo.com/news/strong-employment-numbers-suggest-u-135530008.html

Posted by blackchicken > 2021-07-21 20:06 | Report Abuse

Blue-chip earnings, travel stocks boost European shares
https://www.reuters.com/article/us-europe-stocks-idUSKBN2ER0PT

Posted by stteck > 2021-07-21 23:49 | Report Abuse

aoording to 2021 Audited FS, semiconductor related revenue increased from 489m to 701m, pbt increased from 62 mil to 103 mil

Posted by Bgt 9963 > 2021-07-22 08:45 |

Post removed.Why?

Posted by blackchicken > 2021-07-23 15:56 | Report Abuse

Its revenue doubled from 2017 to 2021. It is a good company.

Posted by Fabien _the efficient capital allocator > 2021-07-23 16:54 | Report Abuse

SAM is riding on semiconductor upturn too. Perhaps, its not within anyone's radar either due to

1) perception that its earnings are dominantly derived from its aerospace segment (pre-covid, its almost about 50:50 contribution)

2) Liquidity (hardly any volume as shares tightly held by Temasek)

3) management doesn't bother to talk to any investment analyst


Once the travel industry recovers, a matter of when, you will see both engines running

So its both a recovery play stock and a proxy to semiconductor cyclical upswing

Posted by lching > 2021-07-27 14:46 | Report Abuse

could it be Boeing beginning to place order?

Posted by Fabien _the efficient capital allocator > 2021-07-27 15:08 | Report Abuse

This company made 60mil profit in a pandemic-hit year which resulted in the aerospace division booking a loss. Entire profit was contributed by the semiconductor segment. As a comparison, they made 80mil in prior FY before covid.

if these results are not commendable, i don't know what is, considering their ROE was 9.7%.

note that Dato Seri Wong Siew Hai, President of Malaysia Semiconductor Industry Association
(MSIA) is sitting in the Board.

If other semiconductor companies can fetch forward PE of 40-50x, what do you think of SAM's valuations should be?

they invested 50mil capex last year of which 39mil goes to aerospace and the remaining 11mil for semiconductor. the aerospace business will recovers and strongly. orderbook about 2.4bil.
market cap is 1bil-ish.

Based on projections by Forecast International Inc. in April 2021, the estimated commercial aircraft production in 2021 would be in the order of 900 - 1,000 aircraft. The combined order backlog of Airbus and Boeing commercial aircraft remained healthy at approximately 11,980 units as of March 2021. This translates to a backlog of 8.7 years for Airbus and 6.2 years for Boeing at pre-pandemic 2018 delivery rates. On a positive note, Boeing is gradually increasing its Boeing 737Max production with the goal of reaching 31 aircraft per month by 2022, after the Boeing 737Max grounding has been lifted by Federal Aviation Administration (FAA) in late 2020.

Posted by Fabien _the efficient capital allocator > 2021-07-27 18:39 | Report Abuse

A simple illustration, SAM's semiconductor segment made PBT of RM104mil last year vs. Vitrox's PBT of RM110mil. This represented a y-o-y increase of a whopping 67%.

Let's assume a very conservative rate of increase of 10% in earnings. This is at extreme end of assumption considering the structural growth driven by cloud computing, 5G, AI and digitization, which in turn fuelled soaring demand for semiconductor chips and equipment.

At PE multiple of 10x will value their semiconductor business at more than RM1bil. Which implies that at current valuation, you are getting their aerospace business for free.

I believe SAM is the most undervalued semiconductor play in KLSE.

Posted by stteck > 2021-07-28 21:21 | Report Abuse

Boeing posts first profit in almost two years helped by 737 MAX deliveries

Posted by lching > 2021-07-29 13:39 | Report Abuse

PE still relatively low compared to peers.

Posted by mf > 2021-07-29 14:27 | Report Abuse

Kecoh di parlimen, MP jerit 'derhaka'

Diterbitkan 29 Jul 2021, 2:17 pm
Dikemaskini 2:18 pm
A+
A-
PARLIMEN | Dewan Rakyat menyaksikan gema suara ahli parlimen yang menjeritkan kata "derhaka" selepas kenyataan Istana Negara memaklumkan Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah bertitah "amat dukacita" dengan pembatalan Ordinan Darurat.

Posted by leekh5555 > 2021-07-29 14:34 | Report Abuse

SAM will be re-rate soon.

Posted by thoughtsigum > 2021-07-30 10:45 | Report Abuse

Strong indication of re-rating is swiftly happening now!

Posted by treasurehunt > 2021-07-30 16:12 | Report Abuse

Limit up?

Posted by treasurehunt > 2021-07-30 16:24 | Report Abuse

80% revenue is generated from semiconductor and automation.

Posted by kl2318 > 2021-07-30 16:26 | Report Abuse

Whats going on?

Posted by Foker > 2021-07-30 16:45 | Report Abuse

Ding ding ding is what happened

Posted by Foker > 2021-07-30 16:46 | Report Abuse

One in 10,000 years stock

Posted by Foker > 2021-07-30 16:46 | Report Abuse

K.O the whole bursa

Posted by powerup89 > 2021-07-30 16:47 | Report Abuse

Sam is the best....

Posted by ipohwhitecoffee > 2021-07-30 16:49 | Report Abuse

Strong bull is back. Better hold and pick-up long term.
Let's share effort & cornered this SAM king together.

Posted by powerup89 > 2021-07-30 16:51 | Report Abuse

Lets ride together....yum yum

Posted by Fabien _the efficient capital allocator > 2021-07-30 16:57 | Report Abuse

Congrats everyone!

Remember what i said, SAM is the most undervalued semiconductor play in KLSE.

Posted by Bgt 9963 > 2021-07-30 16:59 |

Post removed.Why?

Posted by dmorahiko > 2021-07-30 17:11 | Report Abuse

suddenly price limits up...what happens? is there any good news about them like Genetec last week? My target TP is 12.88

Posted by wallstreetrookie > 2021-07-30 17:16 | Report Abuse

Limit up because no one comments on this board and the promoters are very successful. This company ranks last out of the Bursa technology companies. But research houses usually like to seek opportunity in mid cap companies like Sam Engineering especially stocks with low retail ownership. TLDR: Company with relevant theme and almost no retail investor inside.

Posted by Foker > 2021-07-30 17:19 | Report Abuse

Dmorahiko u crazy? 12.88 is too low. At least should be RM 16

Posted by EatCoconutCanWin > 2021-07-30 17:24 | Report Abuse

siao liao

Posted by wallstreetrookie > 2021-07-30 17:26 | Report Abuse

Also it is the end of month. Funds need to chase performance. Same as me. Haha nice gains at Sam but Fabien has been here longer than me. Props to him for recommending this company

Posted by Foker > 2021-07-30 18:16 | Report Abuse

Who is Fabian? Rookie I also never seen u b4

Posted by powerup89 > 2021-07-30 18:18 | Report Abuse

Rookie temberang kuat saja..haha

Posted by blackchicken > 2021-07-30 18:20 | Report Abuse

20-30% more upside potential

Posted by Foker > 2021-07-30 18:35 | Report Abuse

Must be secured some really insane high profit margin contract

Posted by blackchicken > 2021-07-30 18:55 | Report Abuse

true...