Posted by sammyramon > 2024-05-06 09:53 | Report Abuse

Will hold and more share for long term due to the dividend policy is so good!!..
Keep it up SF!!

Posted by mkmk > 2024-05-06 10:43 | Report Abuse

1.30 will come.....

Posted by Foogo90 > 2024-05-06 14:09 | Report Abuse

Any update from EGM?

Posted by ccy123 > 2024-05-06 18:28 | Report Abuse

Q3 very good compare to last year. another 1.5c dividend. Bonus issue approved by EGM

Posted by UnicornP > 2024-05-06 21:13 | Report Abuse

Higher gross profit compared to last quarter and prospect turns positive from last quarter.

Posted by value_investor77 > 2024-05-07 07:17 | Report Abuse

KUALA LUMPUR (May 6): Rubber processor and exporter Seng Fong Holdings Bhd's net profit jumped more than threefold in its third quarter, thanks to higher sales volume and average selling prices.

It said its net profit for its 3QFY2024 ended March 31 surged to RM15.14 million from RM4.05 million a year earlier, while revenue jumped 39.2% to RM300.32 million from RM215.72 million.

The company declared a third interim dividend of 1.5 sen per share, payable on June 19. Year to date, the company has declared a total dividend of four sen, compared with 2.5 sen in the corresponding period in 2023.

The group's share price hit its all-time high of RM1.22 during trading hours on Monday, before settling at RM1.18, one sen or 0.85% higher from Friday's close. At RM1.18, the group is valued at RM639 million.

Year to date, the counter has gained 42 sen or 55.26%. The strong 3Q results came after the group posted its best quarterly earnings in 2QFY2024 with a net profit of RM17.4 million.

For its nine months ended March 31 (9MFY2024), the company reported a net profit of RM40.84 million, double the RM19.62 million it made in the corresponding period in 2023, as revenue grew 15.6% to RM807.35 million from RM698.18 million.

There has been higher consumption of natural rubber due to the growth of the automotive industry, led by the growth of electric vehicles in the US and China, Seng Fong said.

As such, it expects to expand its annual capacity by 14.5% to 190,000 MTS for FY2024, compared with 166,000 MTS in FY2023, by increasing the production hours across all three of its factories.

The group is also planning to install smart rubber manufacturing equipment at a total cost of RM26.1 million in all its factories to automate its manufacturing process. An initial payment of RM2.7 million has been made to its vendor Guangdong Ruobo Intelligent Robot Co Ltd using internal funds, the group said. The balance will be paid using proceeds from its private placement announced in February this year.

While flagging that the anticipated US Federal rate cut will affect foreign exchange movements, the group — which saw its revenue come mainly from customers in China, Hong Kong and Singapore — remains cautiously optimistic about achieving sustainable growth and good financial performance.

Source: https://theedgemalaysia.com/node/710524

Posted by sammyramon > 2024-05-07 10:34 | Report Abuse

👍👍💪💪💪

Posted by yongyong88 > 2024-05-07 11:00 | Report Abuse

at peak. will wait for correction...

Posted by ccy123 > 2024-05-09 11:28 | Report Abuse

Once the factory automation projects aka IR4 complete and running, its production efficiency will improve and immediately labour cost saving. BUY

Posted by trader808 > 2024-05-15 15:55 | Report Abuse

1 On the 7th of May after which Seng Fong has announced a 3 fold jump in profit against its last year corresponding quarter, share price hit 122 and then strongly collapsed 9 sen to touch an intra day low of 113 and ended the day at 115 over considerably huge volume exceeding 5million shares traded.

2. There were volume and volatility and the 9 sen retraction on a single day has been the biggest and worst in Seng Fong.

3 Many may have taken profit and presumably laughing to the bank. Personally, I am of the opinion that if you can't handle Seng Fong at its worst, then you sure as hell don't deserve Seng Fong at its best.
Seng Fong is trading between 113 and 116 now. Somedays. it will bounce back slowly and safely.

4The dividend is just a week away and the bonus shares are forthcoming.

5. Hence ,If you are a long term value investor, you should not overly worry but, believe in the great fundamental, pro active, resourceful and result oriented management of the company.
6. Happy trading.

This write up was posted on 9/5/24

Posted by trader808 > 2024-05-16 19:14 | Report Abuse

1Tomorrow is the ex-date for 1.5 sen dividend
Congratulation to those who are still invested in Seng Fong.

2. The next good news will be the bonus issue. It is happening.
3Hang on to it
Happy trading
16/5/24

Posted by troy88 > 2024-05-27 10:31 | Report Abuse

Underrated stock with solid profits..

Posted by trader808 > 2024-05-30 21:22 | Report Abuse

1.Seng Fong not only survived the adage *Sell In May and Go Away*. Clearly, it has demonstrated resilience and triumphed over market adversity. Share price has stayed above 120 continuously.

2. As it sails into the month of June and moving towards bonus ex date, it will continue to attract market interest and buying supports.

3. Major shareholders through its flag ship company continued to scope up shares is a strong indication of confidence over the bright prospect in the future revenue and earning growth of the company.

4. The cumulative 9-month profit of Rm40.8m for 2024 has already surpassed the full year profit performance of 22m for year 2023.

5. If the final Q4 is to mirror Q2 17M profit and Q3, 15M profit than the year end profit for 2024 of 56m is realistically expected. Revenue and profit for 2025 could be explosive.

6. Seng Fong started off as a relatively unknown. It is now a promising counter and slowly and gradually becoming a raising star in the natural rubber and latex industry

7 As long as people need to drive cars, there is demand for tyres and therefore the business of Seng Fong is sustainable and durable

8 SF has all the ingredients of a long term value investing stock and hence, it is wise to stay invested. One would be unwittingly reckless to exit prematurely.

9 Share price may fluctuate up and down, but slowly and surely in the end it will conquer Everest.

Think about it and happy trading.
30/5/24

Posted by sammyramon > 2024-06-06 10:10 | Report Abuse

@trader808...Why its suddenly limit down yesterday ?????

Posted by sammyramon > 2024-06-06 10:10 | Report Abuse

any news or rumours??

Posted by trader808 > 2024-06-06 18:09 | Report Abuse

1Today is the ex date. And to those who have kept their shares, congratulation you have been rewarded with one bonus shares for every 3 shares held.

2 Consequently, there will be price adjustment arising from the corporate exercise of bonus issues.

3 Yesterday, seng fong closed at 118. Hence, the reference price on ex date 6/6/24 will be (3 x 118) / 4 = 88.5 sen This simply means yesterday you have 3 shares worth
3 x1.18 =3.54 and this morning you have 4 shares worth 4x 88.5 also = 3.54

4 Wait for the company announcement and check your portfolio. In the coming days the shares will be credited into your account.

5. Going forward one could expect more excitement. SF has a 50% dividend policy. It has upgraded its production capacity from 160000mt to 190000mt. Company has invested heavily on technology and automation to improve on efficiency and productivity. There will be cost saving and improvement on bottom line.

6.And hence earning growth is realistically expected in the coming quarters. Somedays the future profit performance will be reflected more prominently in the share price. For this one would have to wait and i believe it will not be long.

7 There is nothing wrong with SF falling from 118 to 88 this morning. In fact it opens up an opportunity for you to enter cheap in a big way

8 This is my personal perception of the counter but the bears may disagree.
9 Happy trading
6/6/24

Posted by sammyramon > 2024-06-07 10:25 | Report Abuse

Noted & thnx for info....the price keep falling ...it is correction or panic sell due to its trends was down..

Posted by ming > 2024-06-07 15:02 | Report Abuse

rubber price hit new high since 2021.
with the current high inventory, should look positive.

Posted by lexant41 > 2024-06-07 16:24 | Report Abuse

continue pickingup

Posted by raymondroy > 2024-06-07 17:05 | Report Abuse

senfong seems to have a good business model, they are selling into a niche market, and there is growth potential..... but looks like they have hit their plant capacity - very little growth for increased sales unless they expend, and surprisingly they ate very low in cash holding - these 2 factors are of a big concern.... happy hunting

Posted by sammyramon > 2024-06-10 12:37 | Report Abuse

SF please make ur day!!😅

Posted by sammyramon > 2024-06-13 09:40 | Report Abuse

Yezzzaaaa!!!!!!!

Posted by James Ng > 2024-07-02 20:52 | Report Abuse

[转贴] [Video:浅谈SENG FONG HOLDINGS BERHAD, SENFONG, 5308] - James的股票投资James Share Investing
https://klse.i3investor.com/web/blog/detail/general/2024-07-02-story-h-157911170

Posted by troy88 > 2024-07-11 15:52 | Report Abuse

This underrated gem still climbing up under the radar..

Posted by sammyramon > 2024-07-11 23:31 | Report Abuse

The uptrend mode is climbing to rm2...🚀🚀🚀🚀....slow N steady

Posted by BursaKakis > 2024-07-12 07:24 | Report Abuse

Senfong TP 1.90 by Apex Securitues
https://youtu.be/2YOvRhGvFfc?si=m73Yn1OK0esZj__P

Posted by troy88 > 2024-07-12 11:11 | Report Abuse

Yes, heading to RM2

Posted by sammyramon > 2024-07-12 11:15 | Report Abuse

Yezzzzzzzzzzzzzzzzzzaaaaaa!!!....🚀🚀🚀🚀🚀
Dont miss a boat to rm2.....its still a cheap ticket to collect.

Posted by lexant41 > 2024-07-30 17:51 | Report Abuse

Steady already

Posted by rojakmee > 2024-08-02 08:59 | Report Abuse

https://timesofindia.indiatimes.com/city/chennai/tyre-industry-facing-severe-natural-rubber-shortage/amp_articleshow/112207474.cms

Posted by troy88 > 2024-08-14 09:04 | Report Abuse

Fantastic QR. Solid fundamentals..

Posted by donald770 > 2 months ago | Report Abuse

Will ringgit appreciation impact its profit? Your take.j

Posted by observerje > 2 months ago | Report Abuse

Innnn

Posted by observerje > 1 month ago | Report Abuse

No player kee

Posted by emiteno > 6 days ago | Report Abuse

ANOTHER STRONG QR