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alexmay Veteran	15-Jan-2014 00:56        alexmay About Contact  Quote this Post!
x 0   x 0  Alert Admin	I have collected some, waiting for it to chiong, However I am in for the long term, hope to retire with this!
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josephyeo Elite	15-Jan-2014 00:29        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	welcome ..novicealexccw.  novicealexccw      ( Date: 14-Jan-2014 15:37) Posted: josephyeo, Join you in this counter for Mid Term. Hope to see some good returns before CNY.
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novicealexccw Member	14-Jan-2014 15:37        novicealexccw About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	josephyeo, Join you in this counter for Mid Term. Hope to see some good returns before CNY.
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josephyeo Elite	14-Jan-2014 14:37        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	firmed at 15.3 cts. josephyeo      ( Date: 11-Jan-2014 15:03) Posted: Sunningdale (SunningTech) is in an exciting phase of it's history. In the past 2 years it had taken major initiatives to restructure the company - reducing Singapore operations from 2 plants to 1 reducing Southern China operations from 3 to 2 and moving it's Sweden's operation to Latvia. Concurrently it incresed it's capacity in Latvia via a new mass production plant, open new mass production plant in Batam and launch a major automotive program in Tianjin. I view these initiatives positively. It's reducing costs where costs can be reduced and incresing production where there is a market for it. The sales of it's plant in Singapore will give a capital gain of S$5.4 mil. This should be reflected in 2014 result. Company is generous in it's dividend with a payout ratio of 28% to 94%. Last financial year the payout was 94% and a dividend, final n interim, of 1.2 cts was declared. Current year with a 9 month profit of S$9.5 mil, the dividend should be between 0.5 cts to 1.5 cts depending on the payout ratio. You may wish to note that the 9 month result is already higher than last year full year result. So, they are likely to do better than last year. Conclusion. With capital gains, expected dividend n a more efficient company w it's going major restructuring ... I am very excited with the company. ps : in investing things can go wrong n the market it is impossible to predict the market ... so do do your own analysis n do trade carefully. All the best ! josephyeo      ( Date: 11-Jan-2014 10:48) Posted:
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josephyeo Elite	13-Jan-2014 23:29        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Nice close at 15.3 cts. Traded to a high of 15.7 cts and a low of 15.2 cts. Volume done ... 5,129 lots traded one of the highest in recent weeks. It implies that more n more people are showing interest. josephyeo      ( Date: 11-Jan-2014 15:03) Posted: Sunningdale (SunningTech) is in an exciting phase of it's history. In the past 2 years it had taken major initiatives to restructure the company - reducing Singapore operations from 2 plants to 1 reducing Southern China operations from 3 to 2 and moving it's Sweden's operation to Latvia. Concurrently it incresed it's capacity in Latvia via a new mass production plant, open new mass production plant in Batam and launch a major automotive program in Tianjin. I view these initiatives positively. It's reducing costs where costs can be reduced and incresing production where there is a market for it. The sales of it's plant in Singapore will give a capital gain of S$5.4 mil. This should be reflected in 2014 result. Company is generous in it's dividend with a payout ratio of 28% to 94%. Last financial year the payout was 94% and a dividend, final n interim, of 1.2 cts was declared. Current year with a 9 month profit of S$9.5 mil, the dividend should be between 0.5 cts to 1.5 cts depending on the payout ratio. You may wish to note that the 9 month result is already higher than last year full year result. So, they are likely to do better than last year. Conclusion. With capital gains, expected dividend n a more efficient company w it's going major restructuring ... I am very excited with the company. ps : in investing things can go wrong n the market it is impossible to predict the market ... so do do your own analysis n do trade carefully. All the best ! josephyeo      ( Date: 11-Jan-2014 10:48) Posted:
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matrixxx Senior	13-Jan-2014 13:13        matrixxx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro novice, I will give at least 5 strong factors that favour this counter once it hit and stay pass 0.16, so, stay tuned.
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Novice13 Veteran	13-Jan-2014 07:11        Novice13 About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	Thanks Bros for your kind advices. Personally, I think this company is on the mend after taking such drastic measures to drag itself out from losses. I agreed that this is a great potential company if its top management able to make the wise moves to improvement its revenues and profits in coming mths.
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josephyeo Elite	13-Jan-2014 01:29        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Hi Novice 13, sorry i am unable to advice on whether one can enter at this price (15 cts) as market is unpredictable and earnings are not guaranteed. I am also unable to advice on price target because i do not set price. It will depend on the company's earning or rather a perception of company's future growth. Price is relative to present n future earnings.   Personally i see value in the company and am very optimistic about the initiatives the company had taken, like ... moving their operation from Sweden to Latvia which is essentially moving from " high cost to low operating cost" . Reducing the Singapore operation from 2 plants to 1, again it's cutting back on ëxcesses or over capacity" to more optimal capacity. The selling off of the Singapore plant which give them a capital gain of S$5.43 mil, likely to be reflected in 2014 account. There are other reasons ... you may want to read the more lengthy write up by me in this same post or i would suggest you do your analysis n draw your own conclusion. I am heavily vested. If my deductions are right then i am right, if wrong ... then i am wrong., No guarantee in the market. Take care n all the best to you !!! Novice13      ( Date: 12-Jan-2014 20:57) Posted: Hi bro Josephyeo, U think Sunning Tech still can buy at current lvl(15cts)? Wat your target price for this counter?
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matrixxx Senior	12-Jan-2014 22:29        matrixxx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Bro novice13, nta is around 30 cents. Go do yr maths. Earning result will be releasing around next month end, so now she is moving in that direction ahead of results. Rem, buy on rumors, sell on news.
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Novice13 Veteran	12-Jan-2014 20:57        Novice13 About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	Hi bro Josephyeo, U think Sunning Tech still can buy at current lvl(15cts)? Wat your target price for this counter?
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josephyeo Elite	12-Jan-2014 17:41        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Hi KepoChicken, not advertising. Just a sharing because this company is in an exciting phase in it's history. It really doesn't matter to me whether the BB are interested or not. If the counter " show-up" in it's profit the BB may come in but by then it would be too late. That was the case with Federal. When i first posted in 29 Dec .. nobody was interested. The interest came in later n the share price today is up by more than 40%. I invest in company when i see value. KepoChicken      ( Date: 11-Jan-2014 15:05) Posted: If BB not interested in this counter.... u kept advertise... also no use josephyeo      ( Date: 11-Jan-2014 15:03) Posted: Sunningdale (SunningTech) is in an exciting phase of it's history. In the past 2 years it had taken major initiatives to restructure the company - reducing Singapore operations from 2 plants to 1 reducing Southern China operations from 3 to 2 and moving it's Sweden's operation to Latvia. Concurrently it incresed it's capacity in Latvia via a new mass production plant, open new mass production plant in Batam and launch a major automotive program in Tianjin. I view these initiatives positively. It's reducing costs where costs can be reduced and incresing production where there is a market for it. The sales of it's plant in Singapore will give a capital gain of S$5.4 mil. This should be reflected in 2014 result. Company is generous in it's dividend with a payout ratio of 28% to 94%. Last financial year the payout was 94% and a dividend, final n interim, of 1.2 cts was declared. Current year with a 9 month profit of S$9.5 mil, the dividend should be between 0.5 cts to 1.5 cts depending on the payout ratio. You may wish to note that the 9 month result is already higher than last year full year result. So, they are likely to do better than last year. Conclusion. With capital gains, expected dividend n a more efficient company w it's going major restructuring ... I am very excited with the company. ps : in investing things can go wrong n the market it is impossible to predict the market ... so do do your own analysis n do trade carefully. All the best !
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KepoChicken Master	11-Jan-2014 15:05        KepoChicken About Contact  Quote this Post!
x 0   x 0  Alert Admin	If BB not interested in this counter.... u kept advertise... also no use josephyeo      ( Date: 11-Jan-2014 15:03) Posted: Sunningdale (SunningTech) is in an exciting phase of it's history. In the past 2 years it had taken major initiatives to restructure the company - reducing Singapore operations from 2 plants to 1 reducing Southern China operations from 3 to 2 and moving it's Sweden's operation to Latvia. Concurrently it incresed it's capacity in Latvia via a new mass production plant, open new mass production plant in Batam and launch a major automotive program in Tianjin. I view these initiatives positively. It's reducing costs where costs can be reduced and incresing production where there is a market for it. The sales of it's plant in Singapore will give a capital gain of S$5.4 mil. This should be reflected in 2014 result. Company is generous in it's dividend with a payout ratio of 28% to 94%. Last financial year the payout was 94% and a dividend, final n interim, of 1.2 cts was declared. Current year with a 9 month profit of S$9.5 mil, the dividend should be between 0.5 cts to 1.5 cts depending on the payout ratio. You may wish to note that the 9 month result is already higher than last year full year result. So, they are likely to do better than last year. Conclusion. With capital gains, expected dividend n a more efficient company w it's going major restructuring ... I am very excited with the company. ps : in investing things can go wrong n the market it is impossible to predict the market ... so do do your own analysis n do trade carefully. All the best ! josephyeo      ( Date: 11-Jan-2014 10:48) Posted:
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josephyeo Elite	11-Jan-2014 15:03        josephyeo About Contact  Quote this Post! Style: Fundamental
x 1   x 0  Alert Admin	Sunningdale (SunningTech) is in an exciting phase of it's history. In the past 2 years it had taken major initiatives to restructure the company - reducing Singapore operations from 2 plants to 1 reducing Southern China operations from 3 to 2 and moving it's Sweden's operation to Latvia. Concurrently it incresed it's capacity in Latvia via a new mass production plant, open new mass production plant in Batam and launch a major automotive program in Tianjin. I view these initiatives positively. It's reducing costs where costs can be reduced and incresing production where there is a market for it. The sales of it's plant in Singapore will give a capital gain of S$5.4 mil. This should be reflected in 2014 result. Company is generous in it's dividend with a payout ratio of 28% to 94%. Last financial year the payout was 94% and a dividend, final n interim, of 1.2 cts was declared. Current year with a 9 month profit of S$9.5 mil, the dividend should be between 0.5 cts to 1.5 cts depending on the payout ratio. You may wish to note that the 9 month result is already higher than last year full year result. So, they are likely to do better than last year. Conclusion. With capital gains, expected dividend n a more efficient company w it's going major restructuring ... I am very excited with the company. ps : in investing things can go wrong n the market it is impossible to predict the market ... so do do your own analysis n do trade carefully. All the best ! josephyeo      ( Date: 11-Jan-2014 10:48) Posted: josephyeo      ( Date: 07-Jan-2014 12:10) Posted: Other reasons for my pick on Sunningdale Technology : 1.it's an actively managed company as can be seen from the various initiatives undertaken by the company recently. 2.initiatives to improve efficiency/productivity a) consolidating their European operation from Sweden to Latvia - from high costs to lower costs. b) operations in Southern China from 3 plants to 2 plants - from 3 expense points to 2 expense points. c) consolidate the Singapore operations from 2 to 1. And selling off the other, with the UFE operations relocating to the other plant in Singapore and the UFE operations to Johore. From 2 expense points to 1. 3. capital gain of S$5.43 mil through the sales of the operating plant in Singapore. This gain should be reflected in 2014 results. Improve cashflow n reduce debts. 4.others : a) new plant in Batam on schdule and will start mass production in 4Q 2013. b) new plant in Latvia on track for mass production in 4Q 2013. The capacity expansion is for a major Consumer/IT customer ... meaning that orders are quaranteed. c) Tianjin plant set up for the launch of a major automotive program in 2014 is also on track. Conclusion .. above initiatives are very major and strategic and have many implications on costs and efficiency/productivity. Cut costs where costs can be cut and increase capacity where there is a market for it. I think these are very good moves by the company. ................ end ...................
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childsim Member	11-Jan-2014 12:42        childsim About Contact  Quote this Post!
x 0   x 0  Alert Admin	dont worry the volume of share in this market only had less than   45% , balance   was in big player hand. just buy what you can buy ,
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Chewbecca Senior	11-Jan-2014 11:15        Chewbecca About Contact  Quote this Post!
x 0   x 0  Alert Admin	Volume seems to have come down..... I wonder why
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josephyeo Elite	11-Jan-2014 10:48        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	josephyeo      ( Date: 07-Jan-2014 12:10) Posted: Other reasons for my pick on Sunningdale Technology : 1.it's an actively managed company as can be seen from the various initiatives undertaken by the company recently. 2.initiatives to improve efficiency/productivity a) consolidating their European operation from Sweden to Latvia - from high costs to lower costs. b) operations in Southern China from 3 plants to 2 plants - from 3 expense points to 2 expense points. c) consolidate the Singapore operations from 2 to 1. And selling off the other, with the UFE operations relocating to the other plant in Singapore and the UFE operations to Johore. From 2 expense points to 1. 3. capital gain of S$5.43 mil through the sales of the operating plant in Singapore. This gain should be reflected in 2014 results. Improve cashflow n reduce debts. 4.others : a) new plant in Batam on schdule and will start mass production in 4Q 2013. b) new plant in Latvia on track for mass production in 4Q 2013. The capacity expansion is for a major Consumer/IT customer ... meaning that orders are quaranteed. c) Tianjin plant set up for the launch of a major automotive program in 2014 is also on track. Conclusion .. above initiatives are very major and strategic and have many implications on costs and efficiency/productivity. Cut costs where costs can be cut and increase capacity where there is a market for it. I think these are very good moves by the company. ................ end ...................   josephyeo      ( Date: 06-Jan-2014 15:15) Posted: Sunningdale Technology is one of 5 companies I mentioned in my post on " Thoughts on the market" . Reasons for my pick : 1. decent profits for the past 3 years 2012 - S$9,562,000 2011 - S$16,700,000 (before impairment .. see note) 2010 - S$18,900,000 (Note : 2011 company registered a loss of S$11,420,000 due mainly to impairment charges of S$23,700,000 and currency loss of S$4,400,000. Without the impairment charges n currency loss the company would have registered a profit of S$16,700,000.) 2. good profit trend in the last 3 quarters : Jan - Mar '13 - S$2,313,000 April - June '13 - S#3,516,000 July to Sept '13 - S$3,796,000 Jan to Sept '13 - S$9,562,000. (Note : the profits of the first 9 months of current financial year is almost equal to the whole of last year implying a huge improvement over last year) 3. expect good dividend payout. the dividend payout ratio range from 28% to 94% in years when they are profitable. Last year payout was exceptionally high with a payout ratio of 94.5% which worked out to 1.2 cts per share giving a yield of 8.5% on current price of 14 cts. a fairly good dividend can be expected this year as company has registered a profit of S$9.5 mil on it's 9 months result. 4. trading far below it's nta. Nta 30.59 cts against current price of 14.1 cts as of date n time of posting. 5. massive restructuring there is a massive restructuring going on in the company which i view positively and is likely to put the company into a more competitive position. Will deal with this later. ................ end for now ...............
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josephyeo Elite	10-Jan-2014 16:23        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	9 months (jan to sept 2013) profit S$9,625. last year full year profit (jan to dec 2012) S$9,562. 9 months profit already higher than last year. josephyeo      ( Date: 09-Jan-2014 01:21) Posted: josephyeo      ( Date: 08-Jan-2014 19:09) Posted: Below are reasons why i like this counter : BOARD OF DIRECTORS - Sunningdale Tschnology Koh Boon Hwee (Non-Executive Chairman) Khoo Boo Hor (Chief Executive Officer, Executive Director) Wong Chi Hung (Executive Director) Steven Uhlmann (Non-Executive Director) Steven Tan Chee Chuan (Independent Director) Gabriel Teo Chen Thye (Independent Director) Kaka Singh (Independent Director) Ong Sim Ho (Independent Director)   Sunningdale Technology is one of 5 companies I mentioned in my post on " Thoughts on the market" . Reasons for my pick : 1. decent profits for the past 3 years 2012 - S$9,562,000 2011 - S$16,700,000 (before impairment .. see note) 2010 - S$18,900,000 (Note : 2011 company registered a loss of S$11,420,000 due mainly to impairment charges of S$23,700,000 and currency loss of S$4,400,000. Without the impairment charges n currency loss the company would have registered a profit of S$16,700,000.) 2. good profit trend in the last 3 quarters : Jan - Mar '13 - S$2,313,000 April - June '13 - S#3,516,000 July to Sept '13 - S$3,796,000 Jan to Sept '13 - S$9,562,000. (Note : the profits of the first 9 months of current financial year is almost equal to the whole of last year implying a huge improvement over last year) 3. expect good dividend payout. the dividend payout ratio range from 28% to 94% in years when they are profitable. Last year payout was exceptionally high with a payout ratio of 94.5% which worked out to 1.2 cts per share giving a yield of 8.5% on current price of 14 cts. a fairly good dividend can be expected this year as company has registered a profit of S$9.5 mil on it's 9 months result. 4. trading far below it's nta. Nta 30.59 cts against current price of 14.1 cts as of date n time of posting. 5. massive restructuring there is a massive restructuring going on in the company which i view positively and is likely to put the company into a more competitive position. Will deal with this later.   Other reasons for my pick on Sunningdale Technology : 1.it's an actively managed company as can be seen from the various initiatives undertaken by the company recently. 2.initiatives to improve efficiency/productivity a) consolidating their European operation from Sweden to Latvia - from high costs to lower costs. b) operations in Southern China from 3 plants to 2 plants - from 3 expense points to 2 expense points. c) consolidate the Singapore operations from 2 to 1. And selling off the other, with the UFE operations relocating to the other plant in Singapore and the UFE operations to Johore. From 2 expense points to 1. 3. capital gain of S$5.43 mil through the sales of the operating plant in Singapore. This gain should be reflected in 2014 results. Improve cashflow n reduce debts. 4.others : a) new plant in Batam on schdule and will start mass production in 4Q 2013. b) new plant in Latvia on track for mass production in 4Q 2013. The capacity expansion is for a major Consumer/IT customer ... meaning that orders are quaranteed. c) Tianjin plant set up for the launch of a major automotive program in 2014 is also on track. Conclusion .. above initiatives are very major and strategic and have many implications on costs and efficiency/productivity. Cut costs where costs can be cut and increase capacity where there is a market for it. I think these are very good moves by the company.
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josephyeo Elite	10-Jan-2014 10:47        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	holding firm at 15.1 cts josephyeo      ( Date: 09-Jan-2014 01:21) Posted: josephyeo      ( Date: 08-Jan-2014 19:09) Posted: Below are reasons why i like this counter : BOARD OF DIRECTORS - Sunningdale Tschnology Koh Boon Hwee (Non-Executive Chairman) Khoo Boo Hor (Chief Executive Officer, Executive Director) Wong Chi Hung (Executive Director) Steven Uhlmann (Non-Executive Director) Steven Tan Chee Chuan (Independent Director) Gabriel Teo Chen Thye (Independent Director) Kaka Singh (Independent Director) Ong Sim Ho (Independent Director)   Sunningdale Technology is one of 5 companies I mentioned in my post on " Thoughts on the market" . Reasons for my pick : 1. decent profits for the past 3 years 2012 - S$9,562,000 2011 - S$16,700,000 (before impairment .. see note) 2010 - S$18,900,000 (Note : 2011 company registered a loss of S$11,420,000 due mainly to impairment charges of S$23,700,000 and currency loss of S$4,400,000. Without the impairment charges n currency loss the company would have registered a profit of S$16,700,000.) 2. good profit trend in the last 3 quarters : Jan - Mar '13 - S$2,313,000 April - June '13 - S#3,516,000 July to Sept '13 - S$3,796,000 Jan to Sept '13 - S$9,562,000. (Note : the profits of the first 9 months of current financial year is almost equal to the whole of last year implying a huge improvement over last year) 3. expect good dividend payout. the dividend payout ratio range from 28% to 94% in years when they are profitable. Last year payout was exceptionally high with a payout ratio of 94.5% which worked out to 1.2 cts per share giving a yield of 8.5% on current price of 14 cts. a fairly good dividend can be expected this year as company has registered a profit of S$9.5 mil on it's 9 months result. 4. trading far below it's nta. Nta 30.59 cts against current price of 14.1 cts as of date n time of posting. 5. massive restructuring there is a massive restructuring going on in the company which i view positively and is likely to put the company into a more competitive position. Will deal with this later.   Other reasons for my pick on Sunningdale Technology : 1.it's an actively managed company as can be seen from the various initiatives undertaken by the company recently. 2.initiatives to improve efficiency/productivity a) consolidating their European operation from Sweden to Latvia - from high costs to lower costs. b) operations in Southern China from 3 plants to 2 plants - from 3 expense points to 2 expense points. c) consolidate the Singapore operations from 2 to 1. And selling off the other, with the UFE operations relocating to the other plant in Singapore and the UFE operations to Johore. From 2 expense points to 1. 3. capital gain of S$5.43 mil through the sales of the operating plant in Singapore. This gain should be reflected in 2014 results. Improve cashflow n reduce debts. 4.others : a) new plant in Batam on schdule and will start mass production in 4Q 2013. b) new plant in Latvia on track for mass production in 4Q 2013. The capacity expansion is for a major Consumer/IT customer ... meaning that orders are quaranteed. c) Tianjin plant set up for the launch of a major automotive program in 2014 is also on track. Conclusion .. above initiatives are very major and strategic and have many implications on costs and efficiency/productivity. Cut costs where costs can be cut and increase capacity where there is a market for it. I think these are very good moves by the company.
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josephyeo Elite	09-Jan-2014 17:27        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	close at 15.1 cts. 3.87 mil shares tarded. quite good volume as counter is normally thinly traded. josephyeo      ( Date: 09-Jan-2014 01:21) Posted: josephyeo      ( Date: 08-Jan-2014 19:09) Posted: Below are reasons why i like this counter : BOARD OF DIRECTORS - Sunningdale Tschnology Koh Boon Hwee (Non-Executive Chairman) Khoo Boo Hor (Chief Executive Officer, Executive Director) Wong Chi Hung (Executive Director) Steven Uhlmann (Non-Executive Director) Steven Tan Chee Chuan (Independent Director) Gabriel Teo Chen Thye (Independent Director) Kaka Singh (Independent Director) Ong Sim Ho (Independent Director)   Sunningdale Technology is one of 5 companies I mentioned in my post on " Thoughts on the market" . Reasons for my pick : 1. decent profits for the past 3 years 2012 - S$9,562,000 2011 - S$16,700,000 (before impairment .. see note) 2010 - S$18,900,000 (Note : 2011 company registered a loss of S$11,420,000 due mainly to impairment charges of S$23,700,000 and currency loss of S$4,400,000. Without the impairment charges n currency loss the company would have registered a profit of S$16,700,000.) 2. good profit trend in the last 3 quarters : Jan - Mar '13 - S$2,313,000 April - June '13 - S#3,516,000 July to Sept '13 - S$3,796,000 Jan to Sept '13 - S$9,562,000. (Note : the profits of the first 9 months of current financial year is almost equal to the whole of last year implying a huge improvement over last year) 3. expect good dividend payout. the dividend payout ratio range from 28% to 94% in years when they are profitable. Last year payout was exceptionally high with a payout ratio of 94.5% which worked out to 1.2 cts per share giving a yield of 8.5% on current price of 14 cts. a fairly good dividend can be expected this year as company has registered a profit of S$9.5 mil on it's 9 months result. 4. trading far below it's nta. Nta 30.59 cts against current price of 14.1 cts as of date n time of posting. 5. massive restructuring there is a massive restructuring going on in the company which i view positively and is likely to put the company into a more competitive position. Will deal with this later.   Other reasons for my pick on Sunningdale Technology : 1.it's an actively managed company as can be seen from the various initiatives undertaken by the company recently. 2.initiatives to improve efficiency/productivity a) consolidating their European operation from Sweden to Latvia - from high costs to lower costs. b) operations in Southern China from 3 plants to 2 plants - from 3 expense points to 2 expense points. c) consolidate the Singapore operations from 2 to 1. And selling off the other, with the UFE operations relocating to the other plant in Singapore and the UFE operations to Johore. From 2 expense points to 1. 3. capital gain of S$5.43 mil through the sales of the operating plant in Singapore. This gain should be reflected in 2014 results. Improve cashflow n reduce debts. 4.others : a) new plant in Batam on schdule and will start mass production in 4Q 2013. b) new plant in Latvia on track for mass production in 4Q 2013. The capacity expansion is for a major Consumer/IT customer ... meaning that orders are quaranteed. c) Tianjin plant set up for the launch of a major automotive program in 2014 is also on track. Conclusion .. above initiatives are very major and strategic and have many implications on costs and efficiency/productivity. Cut costs where costs can be cut and increase capacity where there is a market for it. I think these are very good moves by the company.
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josephyeo Elite	09-Jan-2014 15:15        josephyeo About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Last done 15.2 cts. 3.2 mil shares traded. It seems that the volume is slowly improving. josephyeo      ( Date: 09-Jan-2014 01:21) Posted: josephyeo      ( Date: 08-Jan-2014 19:09) Posted: Below are reasons why i like this counter : BOARD OF DIRECTORS - Sunningdale Tschnology Koh Boon Hwee (Non-Executive Chairman) Khoo Boo Hor (Chief Executive Officer, Executive Director) Wong Chi Hung (Executive Director) Steven Uhlmann (Non-Executive Director) Steven Tan Chee Chuan (Independent Director) Gabriel Teo Chen Thye (Independent Director) Kaka Singh (Independent Director) Ong Sim Ho (Independent Director)   Sunningdale Technology is one of 5 companies I mentioned in my post on " Thoughts on the market" . Reasons for my pick : 1. decent profits for the past 3 years 2012 - S$9,562,000 2011 - S$16,700,000 (before impairment .. see note) 2010 - S$18,900,000 (Note : 2011 company registered a loss of S$11,420,000 due mainly to impairment charges of S$23,700,000 and currency loss of S$4,400,000. Without the impairment charges n currency loss the company would have registered a profit of S$16,700,000.) 2. good profit trend in the last 3 quarters : Jan - Mar '13 - S$2,313,000 April - June '13 - S#3,516,000 July to Sept '13 - S$3,796,000 Jan to Sept '13 - S$9,562,000. (Note : the profits of the first 9 months of current financial year is almost equal to the whole of last year implying a huge improvement over last year) 3. expect good dividend payout. the dividend payout ratio range from 28% to 94% in years when they are profitable. Last year payout was exceptionally high with a payout ratio of 94.5% which worked out to 1.2 cts per share giving a yield of 8.5% on current price of 14 cts. a fairly good dividend can be expected this year as company has registered a profit of S$9.5 mil on it's 9 months result. 4. trading far below it's nta. Nta 30.59 cts against current price of 14.1 cts as of date n time of posting. 5. massive restructuring there is a massive restructuring going on in the company which i view positively and is likely to put the company into a more competitive position. Will deal with this later.   Other reasons for my pick on Sunningdale Technology : 1.it's an actively managed company as can be seen from the various initiatives undertaken by the company recently. 2.initiatives to improve efficiency/productivity a) consolidating their European operation from Sweden to Latvia - from high costs to lower costs. b) operations in Southern China from 3 plants to 2 plants - from 3 expense points to 2 expense points. c) consolidate the Singapore operations from 2 to 1. And selling off the other, with the UFE operations relocating to the other plant in Singapore and the UFE operations to Johore. From 2 expense points to 1. 3. capital gain of S$5.43 mil through the sales of the operating plant in Singapore. This gain should be reflected in 2014 results. Improve cashflow n reduce debts. 4.others : a) new plant in Batam on schdule and will start mass production in 4Q 2013. b) new plant in Latvia on track for mass production in 4Q 2013. The capacity expansion is for a major Consumer/IT customer ... meaning that orders are quaranteed. c) Tianjin plant set up for the launch of a major automotive program in 2014 is also on track. Conclusion .. above initiatives are very major and strategic and have many implications on costs and efficiency/productivity. Cut costs where costs can be cut and increase capacity where there is a market for it. I think these are very good moves by the company.
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