Highlights:
Shariah Setting
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SAM (9822) : SAM ENGINEERING & EQUIPMENT (M) BERHAD
jinsim47
Member Star
Posts: 7
Joined: Jun 2013
Male, MYS
17 Feb 2016, 10:59 PMPost #1
NOW CAN FLY
Very good results 3rd Qters
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The next 4th Qters ....Expecting a higher dividend much more then 32.2 sen
jinsim47
Member Star
Posts: 7
Joined: Jun 2013
Male, MYS
29 Apr 2016, 07:35 PMPost #2
Announcement made on the 20 April 2016 star

RM100 million (~US$26 million) investment planned for Aerospace

SAM Engineering and Equipment (M) Bhd, a subsidiary of SAM Group, is planning to invest
RM100 million (~US$26 million) in the next 3 years to increase its manufacturing capacity to
support the recently awarded long term contracts for the aerospace business. RM70 million
(~US$18 million) will be allocated for the purchase of equipment to produce major
machined parts for the new Airbus A320neo aircraft family while the remaining RM30
million (~US$8 million) for prismatic parts. The planned new capacity will not have any
significant contribution to current financial year.
The aerospace business contractual order book now stands at about RM3.5 billion (~US$1
billion).
eagleis
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Posts: 1
Joined: Aug 2016
Male, MYS
21 Aug 2016, 12:35 PMPost #3
yeah
ILoveDividend
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Posts: 516
Joined: Dec 2011
Male, MYS
11 Jan 2017, 10:35 PMPost #4

Guys, any news on this counter? Wondering why it up so much lately.

Mark Tse
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Posts: 16
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:33 AMPost #5

3QFY19 higher revenue and PBT but lower PAT due to higher tax

SAMEE 3Q19 posted higher revenue (yoy:+23.6%, qoq:+1.1%) and PBT (yoy:+1.2%, qoq:+4.1%) but lower PAT due to higher tax (yoy:-7.5%, qoq:+9.9%). Overall result meet expectation as cumulative 3Q19 earnings accounting for 75.8% of our FY19 full year earnings estimates.

Mark Tse
Member Star
Posts: 16
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:33 AMPost #6

Aerospace Segment revenue up 25.3% while EBIT down 2.6% yoy

Aerospace revenue increased 25.3% yoy due to higher demand for casing products for business jets, increase in deliveries of prismatic parts and favorable exchange offsetted lower deliveries of casing products for older aircraft program however posted lower EBIT -2.6% yoy but higher EBIT qoq +5.6% due to higher cost incurred for the production ramp up for the manufacturing launch of the casing products and unfavorable product mix. We think this is temporary and normalise in coming quarters.

Jenny Loo
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Posts: 15
Joined: Dec 2018
Female, MYS
22 Feb 2019, 11:33 AMPost #7

Equipment Segment revenue up 20.9% and EBIT up 13.2% yoy

Equipment Segment posted higher revenue and EBIT yoy by 20.9% and 13.2% respectively due to better contribution from HDD businesses nonetheless the management expect equipment segment to register lower revenue in coming quarters due to softer demand from semiconductor and HDD industry and expect the hard disk drive storage segment to recover in next financial year.

Jenny Loo
Member Star
Posts: 15
Joined: Dec 2018
Female, MYS
22 Feb 2019, 11:34 AMPost #8

Maintain BUY with unchanged TP of RM11.30

Group gearing ratio stood at to 0.2x which is low and healthy and has ample room to gear for growth should opportunity arises. We maintained our earnings forecast and BUY recommendation with unchanged TP of RM11.30 based on 10.7x on our estimated EPS for FY19F.

cpyeap
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Posts: 1
Joined: Jan 2013
Male, MYS
29 Aug 2019, 05:27 PMPost #9

A credible performance yeah

kwok_39
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Posts: 336
Joined: May 2017
Male, MYS
29 Aug 2019, 07:08 PMPost #10

One thing rising cost and softer demand are the main challenge.A 2 round trade war will bring even worst global economy(higher level of tariff each round Trump wanted something).Im downgrading SAM to rm 4.50-rm 5.00.Never underestimate my forecast(I can predict both side).

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yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry


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