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Sunningdale Tech
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curious_moo
Master |
30-May-2018 10:03
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very difficult to rise when all shares are in red lol..
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Sgvale
Supreme |
30-May-2018 08:56
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Looks like giving back. 1 day rise affair? | ||||
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iphone8
Member |
29-May-2018 22:48
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Based on what you observed, this kind of price shoot up cannot last long if no good news? | ||||
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zandlery
Supreme |
29-May-2018 19:27
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Normally mentality is when price shoot up fast, will anticipate a positive news announcing after market closed.
If nothing, short term trader will divest....as time pass without news, more n more trader who buy during the rise will divest to get whatever profit left or cut loss. This kind of spike happened many times but most of the time no news surface happen more frequent than something announce. This is what I have observe......
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Wind22i
Supreme |
29-May-2018 17:53
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I think it recovered as its cheap compared to when it was $2.30 level...
The company still cheap...valuation wise: Pe :~9x eps:~16 cents Price/book:~0.74 Cash: ~$100mil Dividend:4.7% Insider Mr Koh bought close to 13 million Sunningdale shares at $1.775...which is higher than now. Sam goi (popiah king) is some of the prominent shareholders..LSV asset mgmt recently also bought a lot of shares.. Top shareholders are as per below : Boon Koh: 29,969,409 15.84% Seng Hui Goi : 15,301,600 8.09% Kong Siang Group Holdings Pte. Ltd.: 15,301,600 8.09% LSV Asset Management: 9,830,800 5.2% Dimensional Fund Advisors L.P. 5,112,420 2.7% Trade at own risk.. |
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iphone8
Member |
29-May-2018 15:42
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Sell @ $1.46. Hopefully I am right. Shoot up too fast without any good news. Weird... |
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zandlery
Supreme |
28-May-2018 19:36
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Of cos higher is better but must be realistic. Most of the time analyst target call is just a tool for fund to benefit. Last time they call for 2.70. So? Ever reach 2.70?
Normally is a one day wonder. Not every stocks is AEM or Creative.....haha 1.60 is possible but I think not on Wed. I will buy back when retrace
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Wind22i
Supreme |
28-May-2018 18:17
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Its still a long way to $2 ...
The highest was $2.3+... The ceo or sam goi shld just privatised it (if they can get the financing)... since the company has plenty of cash ~$120++mil and trading at 0.6x book value .. |
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Sgvale
Supreme |
28-May-2018 17:52
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Tomorrow public holiday. Wednesday come back, pple forget today rise. N will rise further. Towards $1.60
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zandlery
Supreme |
28-May-2018 16:45
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Shoot up too fast. Shld consider offload today. Might retrace back and tomorrow is not a trading day.
Sentiment could take a pause due to that.
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satruz
Master |
28-May-2018 16:43
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Really power up today..... I fast hand fast leg sold at 1.44 liao.... closed position for the PH :) | ||||
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Sgvale
Supreme |
28-May-2018 16:36
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Q to sell the rest $1.48
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zandlery
Supreme |
28-May-2018 14:49
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Lucky me. Bought 1.30 sell 1.46. Could be the highest for the day.....
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SmallSmall
Supreme |
28-May-2018 14:02
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Strong 50% retracement rebound taking shape. Easily going back to $1.50 to $1.55 based on technicals :) | ||||
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SgYuan
Supreme |
28-May-2018 12:24
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1. Uptrend EW EW 124 w1 137 w2 125 w3? w1 13 w2 12 w3 21 tgt 146 - now at this wave - px hit 144 w4 8 tgt 138 w5 13 tgt 151 1. Close long if hit w5. reason it look like wave c ext EW w4 tgt 150 2. Open short when hit w5, cut lost w5
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Sgvale
Supreme |
28-May-2018 10:05
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2c off tgt. Partial offload 1.38 w 1.29 bought earlier
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SmallSmall
Supreme |
28-May-2018 09:41
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Sunningdale Tech (SUNN SP/BUY/S$1.32/Target: S$2.00) Share price correction overdone. Post 1Q18 results, Sunningdale Tech&rsquo s (Sunningdale) share price has retreated by more than 23%. We believe that the correction is overdone and at current levels, the stock is trading at very attractive valuations of 0.6x 2018F P/B and 7.8x 2018F P/E with other plastic injection moulders such as Memtech International trading at close to 1.1x 2018F P/B and 11.0x 2018F P/E. Sunningdale does not deserve to be trading at a discount to peers given: a) global presence which allows for proximity to customers b) willingness to reward minority shareholders c) high exposure to the automotive sector and d) clear exit strategy with Mr Koh Boon Hwee as Executive Chairman. The company has consistently rewarded minority shareholders with an increasing dividend since 2013 where dividends rose from 3.5 S cents /share to 7.0 S cents /share in 2017. With the potential for asset disposal this year, we do not expect any deviation and are confident of Sunningdale paying a full year dividend of 7.5 S cents /share for 2018. Appointment of broker to dispose of factory in China. Sunningdale has restructured a factory in Zhongshan China and appointed Knight Frank (Shanghai) Property Consultants Company as its exclusive brokerage team to dispose of the factory. The factory is a noncore asset and Sunningdale continues to maintain its operations at Zhongshan through its other factory in the prefecture. We understand that the factory is fairly sizeable and with recent industrial land selling for between Rmb600-1,500/sqm, Sunningdale should net a decent gain from the disposal of the factory. The factory has been part of the Sunningdale group for a long time as we believe that the holding company Chi Wo Plastic Moulds was acquired by Sunningdale in 2005. The disposal of the factory should act as a catalyst for the stock post the disappointing 1Q18 results. Appreciating US dollar should stabilise forex losses. With the US dollar appreciating against the Singapore dollar, renminbi and ringgit since 30 Mar 18, we do not rule out the possibility of Sunningdale reporting a forex gain for 2Q18 should the US dollar continue to strengthen or hold at current levels after more than 4 consecutive quarters (1Q17 to 1Q18) of forex losses. Trading at levels significantly below insiders&rsquo last purchase price. On 13 Apr 17, Mr Koh Boon Hwee bought almost 13m Sunningdale shares at about S$1.71/share. With the stock trading at about a 23% discount to Mr Koh&rsquo s last purchase price, we believe investors should see significant value to Sunningdale at this level. Maintain BUY with a PE-based target price of S$2.00 pegged to peers&rsquo average 2018F PE ratio of 11.9x. Our target price is in-line with Sunningdale&rsquo s net asset value which stands at S$1.98/share as of 1Q18 UOBKH |
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SmallSmall
Supreme |
28-May-2018 09:11
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Slow and steady :) | ||||
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SgYuan
Supreme |
28-May-2018 09:11
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1. wabc
wave a 240 to 182 delta 58 wave b 182 to 208 delta 26 up 45% wave c 208 to ?150 delta 58 dn 100% - px hit 124 delta 84 dn 145% - should look at wavw c ext EW 2. wave c ext EW. wave c 208 w1 181 w2 193 w3 124 w4 137 w5? w1 27 w2 12 w3 69 dn 255% w4 26 tgt 150 up typ 38.2% - now at this wave - px hit 137 up 18% - up too little. w5 59 tgt 91 - tgt too low hard to believe. So option 1 more realistic. 1. Uptrend EW EW 124 w1 137 w2 125 w3? w1 13 w2 12 w3 21 tgt 146 - now at this wave - px hit 135 - if look carefully this is w3 ext EW. w4 8 tgt 138 w5 13 tgt 151 1. Close long if hit w5. reason it look like wave c ext EW w4 2. px hit 124 break, close long. |
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Sgvale
Supreme |
28-May-2018 09:05
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Agreed. $2 to $1.36. Good time to privatise at low.
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