SHIN YANG GROUP BERHAD
KLSE (MYR): SYGROUP (5173)
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Last Price
0.77
Today's Change
+0.01 (1.32%)
Day's Change
0.755 - 0.77
Trading Volume
674,300
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
5 people like this. Showing 50 of 1,444 comments
sold half at open price of RM0.625, queue other half at RM6.30, after realising situation gone wrong, parked the rest at 0.620, luckily managed to sold the rest before price hit 0.610
why sell all? disappointing QR < enough said
2024-02-29 09:28
@indeed already bought a few stakes of HARBOUR yesterday after their QR, will see if still can top up a few at lower price. SYGROUP has been uptrend for almost a year from price 0.500, the uptrent is supported by a few improve QR, but I think this QR is sign of the end of good QR and downtrend may (or may not) begin from here onwards
2024-02-29 11:56
compare both QRs, 1 you can feel positivity especially on prospect and what they will do to improves while they already did well at bottomed container freight rate. another one blame freight rate uncertainty despite baltic index is better during that time and prospect being uncertain and playing defensive. face palm. mistake that I think QR here better due to better baltic index
2024-02-29 12:00
Sygroup is an ol man stock. Best to pump n dump @ darling Harbour. More volatile..for easy profits :)))
2024-02-29 22:55
Is wonderful that i am able to clear all my position in this unmovable counter before QR is out. Hope it can make you all rich but i need to move on to other better companies. Doubt it will has any chances of moving higher. Row row row your boat. Gently down the stream.
Merrily, merrily, merrily, merrily. Moving up is but a dream.
2024-03-01 19:26
Finally found a video cover this stock https://youtu.be/ewtuxbyPjuU?si=kt5Yp-8YC1t2OINZ
1 month ago
lousy stock!! the most it will go is 0.68 and then come back down.. i hv CL on this counter!
1 month ago
bought a few at 0.685 this morning, switching to here with some of cash unlocked from HARBOUR. disappointed with QR there. moving here as I notice price still lagging behind comparatively in recent movement. hopefully this counter QR can deliver better
1 month ago
top up a few more between 0.665 & 0.675. at current price, the expectation for next QR is relatively low as compared to HARBOUR. a mere 2 EPS can easily support current price while freight rate remains high.
for being direct competitor of HARBOUR, SYGROUP also has a good chance at performing beyond expectation this QR while HARBOUR performance is a little bit lackluster.
most importantly market price wise, SYGROUP is approximately just RM1.35 (RM0.675 x2) in compare to HARBOUR's RM1.60. "assuming HARBOUR fundamental instrinsic value is twice higher than SYGROUP"
1 month ago
hopefully I am right for giving SYGROUP a second chance after costing me a minor paper loss last QR
1 month ago
sygroup QR, within my lower expectation, better than harbour in comparatively as sygroup is only RM1.38 (RM6.90 x2) in comparative with harbour's RM1.60, assuming harbour worth only 2x the value per share of sygroup
1 month ago
will top up more sygroup if price go down, at the same time won't buy back more harbour unless harbour price go down significantly to sygroup level
1 month ago
also, with about the same revenue, SYGROUP profit margin is significantly better than harbour
1 month ago
Don't expect sygroup to have a correction - the current price is too cheap!!
1 month ago
@shawn88 I just switched to SYGROUP here from HARBOUR. and fyi HARBOUR also just turned non syariah complaince 31 may 2024
4 weeks ago
https://www.facebook.com/photo/?fbid=847642980730326&set=a.593204249507535
#红海危机 开始波及亚洲航运市场！
#南洋商报
4 weeks ago
sold a little more sygroup to lock profit at 0.775, still got more than half left (7 june 2024 11.30am)
3 weeks ago
@SincereStock, nice trading.
Looking at this specific company for the first time. It's clearly a cyclical stock with most earnings from shipping and recently from shipbuilding. Have at least 2-3 really great years since 2021, able to turn around net debt to net cash, and started paying annual dividends twice. But cyclical also means eventually, shipping rates will turn down one day and the net cash will disappear and revert back to net debt if they don't manage well - we are talking over years. Worst fears during Covid pandemic, when it's Net Debt ballooned and share price dropped to a low 12 sen. Company has been buying back stocks up to 69.5 sen. unclear if company plans to buy back at 70 sen+ or not. I think releasing half at 76.5-77.5 sen looks right to reduce risk.
Longer term, no of vessels are reducing, so, the company doesn't think the good shipping rates will last longer than a few years and probably waiting for rates to eventually come down and then buy more vessels at the cycle low. This is normal shipping strategy to not chase but anticipate cycles.
I won't chase for sure. But it's in my radar screen for dips and cycle lows in the future coming years.
2 weeks ago
On paper, it's clear to me, management quality is superior - rates B+ or A-. Family owned business, founders 3 brothers + 1 sister age 60-71 i.e. they won't be around forever. Succession already in place with son age 42 sitting in the board. Just remember, business is cyclical over years. Just remember - despite good management, this stock can crash down to as low as 12 sen during Covid pandemic lockdowns / recession. This is not a Buy and Hold stock, don't buy it for the dividends, don't own it for its Net Cash.
2 weeks ago
Anywhere, smart or not smart...
If a taikon bought 80c @ 1mils shares sold 84.5c earns $45k a day..
A smart person bought 60c@20,000 shares sold 84.5c earns $4.9k
So..... Smart or not smart in every different sencerio different outcome!
2 weeks ago
As long as you warn money consistently and lost in control..
You shld be good in long run..
My learning after covid...
2 weeks ago
@pang72 I think what speakup meant was if a retailer don't buy when the price is cheaper, why chase only price goes higher? basically, those are what technical traders usually do. not fundamental traders
if you are not interested in a counter when it is cheaper, you not suppose to be interested in the same counter at more expensive price. assuming it's fundamental didn't change but only price changes
2 weeks ago
nevertheless, as opposed to speakup suggestion to bought in at 0.60, I would suggest bought in price at 0.685+ after the latest QR announcement, in corresponding of it's fundamental catching up with harbour but it's price hasn't reflected in correlation with harbour.
if you notice today movement between this 2 counters, you will notice strong correlation between the two, refering to near 2.48pm when both starting to dip at the same time. however, it is also proven that at this stage, sygroup is stronger and resisted better than harbour
2 weeks ago
Sincerestock,
Thanks for advise.
Your approach more favour to me that I keep an eye on SYGROUP after QR out with commendable 3c.
It is a buy like you say. Good!
2 weeks ago
sold a few sygroup to lock profit at 0.775, less than half left (12 june 2024 9.19am)
decided to reduce my stacks in logistic due to red sea creasefire agreement. besides, as i predicted sygroup : harbour price are getting closer into 1 : 2. too bad that it is due to harbour lowering down to sygroup, instead of sygroup chasing up to harbour
2 weeks ago
top up a few sygroup at 0.760 (28 june 2024, 3.40pm). it's next QR maybe better due to higher local freight rate
1 day ago
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SincereStock
topped up a few more at 0.645 in response to baltic rising
2024-02-27 11:00