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its a highly undervalued, debt free performing company with zero debt and growing revenues, operating profits and income for the last five years. very soon going to breakout the multitop highs at 83 cents boughtva small lot today to ride for the journey to 1 dollar and beyond by holding for 6 months cheers
Lt_investor ( Date: 19-Jun-2017 11:11) Posted:
| Bought 50 lots at 0.785 to catch the bound |
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paper industries are really doing well in the rest of the word... some of the mid caps and small caps in India have become the multibaggers in the last 1 year... UPP holdings this company has borrowed huge in the last 1 year..... from almost nothing to over 152% Debt / Equity, but still managable . this is a undervalued scrip its Price to book (P/B) is at 1.19 and Price to Earnings (PE) is at only 14.95.. Something is really cooking Revenues have grown from 48 million sgd in 2013 to 282 million in 2017.... thats almost 5 to 6 times... .. Profits have grown from than 8 million in 2013 to to over 38 million sgd in 2017 thats almost 5 times in 5 years. Net income has grown from less than a million (0.94) sgd in 2013 to over 14.9 million sgd in 2017 thats almost 15 fold growth in the income.. Assets have grown 4 times in the last 5 years from 182 million in 2013 to 530 million in 2017... This company is worth to watch as it has borrowed 100 million dollar long term debt but FUndamentally a Performer .. HOld your horses for targets of 0.3, 0.4 and 0.5 and more and more Let MONEY COME MONEY COME to all the value investors here cheers
kuang3 ( Date: 12-May-2017 22:53) Posted:
oh my bad, din check upp announcements, hopefully will up next week
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Its fundamentals now are better than the 2013 fundamentals when it had made a high of 1.35/1.4 dollars.. its debt is extremely low and Debt / Equity in 2017 is less than 7.4% Operating profits are growing to 25% of revenues and net income is reaching 6 million and slowly will march towards 10 million when it goes completely Debt free in a year time..... watch out for 32 cents on the weekly charts .. I am confident it will break over this value in 3 months time and march toward 50 cents / 75cents / 1 dollar and 1 dollar 50 cents before mid to end of 2018... Good luck to all the investors here... THis is a undervalued gem availble at Price to book (P/B) only at 0.68 and PE at 13 ..... good value buy for value hunters looking for a good value hunt now and A Jackpot of 10 Fold in 2018 Good Luck to all the smart money investors here ha ha ahaah
hem2998 ( Date: 15-Jun-2017 12:28) Posted:
| nice volume..whats cooking? |
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Fundamentally a undervalued stock with Price to book (P/B) at 0.74 and Price to Earning (PE) at 19 with a low debt and growing income and profits ,, just seeing the income grow from 6 million sgd to 10 million SGD in 5 years we know the company is growing slowly and steadily , although topline revenues have been stagnant at 400 million SGD for the last 5 years. good and performing company it has broken over technically over the 5/6/7/8 year charts with after it crossed over 0.375 and breakout over those previous highs. Good to look out for 10 year high of 41 cents in October 2007
annebelinda ( Date: 12-Jun-2017 19:43) Posted:
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thanks for your feedback I was quite impressed in seeing the top line growth which has doubled in 5 years. from 822 million in FY 2013 to 1456 million in FY 2017.. Athough the bottomline earnings income has been flat in the range of 7 to 10 million dollars for the same time period. I was attracted seeing its undervalue on PE and Price to Book... I normally go for techno funda stocks which are technically and fundamentally undervalued and which give give more opportunity for profitable postional trades and investment horizon for medium term/ long term. I have not taken any positions and monitor till further. I got the gist and the message of yours .. will check deeper against my investment matrix before taking a call... Looks more value when the cash flow unlocks with more cash on the table for the company. will go through your detailed explaination and carry out my own microscopic examination further checking on the annual reports. Thanks & Cheers
junnies ( Date: 09-Jun-2017 21:52) Posted:
negative cashflow and debt look worrying, but can be very simply explained. Excelpoint is borrowing heavily to grow its operations, and gives out half its earnings as dividends and reinvests the other half, whilst paying the minimal interest expense. look at its operating cashflow statements -> it is always borrowing to buy stock to expand its operations.
knowing the above, is that good or bad? if you look at the rate of revenue growth vs the net profits of Excelpoint, its clear that using profits alone to expand would be very slow and insufficient. its revenue has been growing by 100m every year whilst its net profits has grown by only a few million in comparison. Excelpoint is an electronics distributor, hence its profit margins are small. to expand, it has to buy a big amount of stock to sell and if it only relies on net profits to expand, it will be very slow. so knowing the negative cash flow and debt, what should we look at to consider whether this sort of growth is healthy or unsustainable?
very simply, look at how successful excelpoint has been growing its net profits from 2008 to 2010, its profit margins were affected by the 2008 financial crisis from 2011 to 2013, excelpoint began borrowing heavily to expand its operations and successful improved its net profits substantially. however, in the last quarter of 2014, China' s economy slowed down and Excelpoint' s profit margins were heavily affected, which depressed its net profits in 2014, 2015, and the first half of 2016. however, in the second half of 2016, Excelpoint profit margins quickly recovered along with its operating environment, and profit margins have recovered to the levels of 2011-2013, but net profits have grown as it has grown its revenue.. in 2017, the q1 results were again superb, and the excelpoint chairman is very positive clearly, excelpoint has recovered from its cyclical downturn in 2014-2016, and is ready to have an excellent fy 2017. a lot of this you can take my word for it or look through the annual report sheets yourself.
so compare its rate of debt growth vs rate of revenue/net profit growth. in fy 2016, its ebitda was 4+, which is a very healthy interest expense/earning ratio for a growth stock. even during the cyclical downturn in 2014-2016, excelpoint still confidently borrowed plenty of money to expand its operationsm so that once profit margins recover, it reaps the rewards of its revenue growth. even during cyclical downturn, excelpoint still managed to turn profits and comfortably pay off its interest - clearly, it is using debt well to expand, and can easily pay the interest expense short of a unforeseen catastrophe.
so, if you confirm the above story i have outlined yourself (not asking you to believe blindly, can dyodd to see if im talking nonsense), you can see that excelpoint now presents a turnaround + growth stock combination. after a steep surge to 70c, it retraced for awhile, but the retracement has ended and the share price is now 66c. furthermore, excelpoint traditionally gives out 50% of its earnings as dividends, so at the current price, you get a combination of turnaround + growth + dividend play. my own target price for excelpoint is at least 1.2 after its 3q results are released.
i wrote more about it here, can check it out https://www.investingnote.com/posts/122225
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I dont give tips to buy or sell... I post my views based on the charts and the fundamentals. My entry was below 6.3 cents and I am holding... please take your own entry exit calls based on your own risk rewards perceptions.
tanchingku ( Date: 09-Jun-2017 20:20) Posted:
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I have put this in my watch list .. fundamentals are improving over period , revenues are growing at a slower rate of 4% over a year by just see EBITDA growth at 117%, Net Income and Normalised EPS have grown at 182%... Debt is low... Price to book is at 3.299, Price to Earnings is currently at 16.514 which makes it fall under the undervalued scrip segment. its worth to watch as price is at dead bottom as most of its orders from govt projects come in the mid of the year.. Profits and Income wise is doing better and markets have yet to see it potential. Its a value buy as gross profits are hitting 50% of revenues and Net income will ulock over a period.. Cash flow is good so far.
Jjja1992 ( Date: 08-Jun-2017 14:52) Posted:
| Anyone can update this stock ? Y keep dropping ? |
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Todays volumes crossed 907K which is 7 times its average daily volumes of 126K.... no filings by the owner so far as I saw earlier today..Looks like a big pool of common retail investors like us pitching in for a value buy. Getting more interesting indeed.
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I dont think SGX will do that when it was allowed to fall rapidly with punters and speculators shorting it even on postive results for the last 1 years.... It will give enough time to a company as it is notified on the auditing long long back... wait patiently the truth must be told and speculators cannot take it down again as company is 100% committed to give good audited which will be used as bench mark against the big 4 audit practises.
edwinjup ( Date: 09-Jun-2017 13:05) Posted:
Sgx should suspend this.counter....until a full audited fy result out....22 june agm overdue liao
jm2110 ( Date: 09-Jun-2017 07:38) Posted:
| With no notice of AGM 14 days in advance of the 22 June which the company stated would be the latest date they would hold their AGM - an extension date which was refused by the SGX - even this date in breech is now going to be missed. How long before the regulators demand a halt!!!! |
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Debt is 1.8 time equity but looks managable.... Everything looks good here for this under valued scrip , Price to book is at 0.765,, Price to Earning PE is at 6.7,,, Dividends Yield is at 3.8%,,, ROE is at 11% for last 2 years, ... Revenues has grown 21%, EBITDA 60% , Net Income 67% Normalised EPS 56%, Common equity has diluted by 20% ... My only concern is why the Cash Flow is negative and showing more outflows from 15 million in 2013 it has outgrown over a period to 67 million negative... why?? anyone has the answers.
NoNameAtAll ( Date: 04-May-2017 10:22) Posted:
Look at the DEBT too.
Got profit but don' t do repayment of debt?
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yes I saw those queries.. and checking on the fundas nothing seems to ring the bells.. ROE is only 6%, Debt is low,,, Operating profits are high in the 70 to 80% , but net income is very low below 2 million and EPS also pretty low with downward trend with PE at 36, Price to book is at 0.945 thats good... Looks like moving with operating profits zooming higher and higher and future the income should come out of dead lock.. Be cautious is moving up too fast.. the price does not justify the move up to the fundamentals
lifeisgood ( Date: 30-May-2017 15:14) Posted:
| Actually Sunright was queried twice by SGX in August 2016 and Mar 23, 2017. So have to be careful. Who knows why SGX queried this counter. Perhaps SGX suspects this stock is being manipulated. |
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this company is really doing well and the price has appreciated 3 times within a year... Still going strong whats cooking here?
Wind22i ( Date: 06-Jun-2017 20:03) Posted:
So now kesm $15.. sunright easily worth 80c to 1 dollar?
jpower2015 ( Date: 06-Jun-2017 19:43) Posted:
Now KESM finally hits RM15.. Let' s recall an old news on 2016
Oct 2016-
Sunright provides semiconductor burn-in, testing and electronic manufacturing (BIT& EM) services and distributes electronic products. In Malaysia, BIT& EM services are provided by its 48% owned Bursa listed KESM Industries Berhad. Based on a share price of RM9.65 as of 27 October, Sunright&rsquo s 20.8m shares in KESM are worth about S$67.2m (RM2.9894:SGD1.00) or S$0.547 per Sunright share. Eliminating the net cash of KESM, the Rest of Sunright holds net cash of S$25.24m or S$0.206 per share. Therefore, Sunright&rsquo s shares in KESM and net cash have a value of S$0.753 per share. |
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Ok got it saw the news on Google and SGX..
iFAST unit joins Singapore Exchange as trading member
bishan22 ( Date: 09-Jun-2017 10:09) Posted:
Thks bro... all here to make $ from the market... huat tua tua.....
minxyz ( Date: 09-Jun-2017 10:02) Posted:
Hi Bishan22....Thanks for sharing your post much earlier. Beautiful run up. Congrats to all here.
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whats the story here?? nice move today..
sengsk ( Date: 09-Jun-2017 12:28) Posted:
Strong RES $1
sengsk ( Date: 07-Jun-2017 09:40) Posted:
| Vested, Looking good for revisiting a Dollar ! |
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volumes crossed 500K and price touched 28 cents.... looking good for a good future here for all the value investors cheers.
mogambo ( Date: 09-Jun-2017 10:48) Posted:
this will soon breakout over 28 cents and go to 31 cents soon keep a watch on the buyback by the owner closely
mogambo ( Date: 08-Jun-2017 12:52) Posted:
yeah thanks correct I checked the announcements made yesterday too.. Yes the CEO of the company bought another 394.5K shares yesterday and filed the report for the substantial acquisition.
SO another 45 million shares yet to go for the buy back and acquisition .. Good luck to you all. |
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69 cents my estimation is between 15 July to 29th July ...once the first dot of 200 SMA formed on weekly charts I will alert you all again
Beckham ( Date: 09-Jun-2017 13:19) Posted:
Great to hear that prices soon (2 weeks time or more ) to raise up to 0.69 ?
mogambo ( Date: 09-Jun-2017 12:39) Posted:
| yes the 50 SMA on weekly charts formed at 59 cents in july 2015,,,,, the 100 SMA formed at 66 cents in July 2016 ,,, the 200 SMA is going to form at 69 cents in July 2017 .. the price will go that and above and all fund managers are waiting for that to form but my calculation to you is 69 cents guaranteed and you will get it double confirmed |
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Yeah the volumes someone bought 1 million just now...... Short term you will see 69 cents for sure. Average volumes for this counter is 4.6 million volumes and we are already at that point of cross over that point .. Daily volumes of 12 million will be fun and weekly volumes of 20 million to 45 million will be supreme fun.. Watchout for these breakout volumes on charts. weely volumes are in a uptrend and daily volumes the trend will change too hold your horses
Beckham ( Date: 09-Jun-2017 13:19) Posted:
Great to hear that prices soon (2 weeks time or more ) to raise up to 0.69 ?
mogambo ( Date: 09-Jun-2017 12:39) Posted:
| yes the 50 SMA on weekly charts formed at 59 cents in july 2015,,,,, the 100 SMA formed at 66 cents in July 2016 ,,, the 200 SMA is going to form at 69 cents in July 2017 .. the price will go that and above and all fund managers are waiting for that to form but my calculation to you is 69 cents guaranteed and you will get it double confirmed |
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yes the 50 SMA on weekly charts formed at 59 cents in july 2015,,,,, the 100 SMA formed at 66 cents in July 2016 ,,, the 200 SMA is going to form at 69 cents in July 2017 .. the price will go that and above and all fund managers are waiting for that to form but my calculation to you is 69 cents guaranteed and you will get it double confirmed.
eagleeyes1989 ( Date: 09-Jun-2017 11:41) Posted:
i told all of u... better believe it. going to test 0.6 soon
eagleeyes1989 ( Date: 08-Jun-2017 14:52) Posted:
| consolidation almost over.. rock going to launch soon.. shortists beware.. |
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it has sold 10% stake to world leader Heinemann... i expect a repeat buy back story by the owner again it will be good to keep a watch on this counter and go long for good profits
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the story is not only good but also fantastic and fabulous sell only at 80 cents you will get that price
Lugi71 ( Date: 09-Jun-2017 11:28) Posted:
Story is good, await the execution. Taken up a packet of tissue here.. but no popcorn yet
mogambo ( Date: 09-Jun-2017 11:21) Posted:
| half the world will be consuming its dairy milk chesse and agri products that roughly over 3 billion peoples consumers in china india vietnam mayanmar and vietnam and indonesia think think think big money here for value investors |
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