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0.58   -0.02 (3.33%)  0.575 - 0.58  101,900
24 comment(s). Last comment by 910723127139 at Nov 24, 2019 2:07 PM
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calvintaneng
39935 posts

Posted by calvintaneng > Jun 12, 2014 10:55 PM | Report Abuse

SKB SHUTTERS - A TOTALLY OVERLOOKED COUNTER BY RESEARCH HOUSES.

ITS SALIENT FACTORS

1) SAFETY & SECURITY BUSINESSES (Crime/thelf prevention)

Its Very Name Suggest Its Role In Protecting Businesses & Homes. Door Shutters & Iron Doors & Shelves For Display Goods - A Necessity In Lives & Treasure Protection.

NOTEWORTHY NOTE: CNN HAS VOTED KL AS THE WORLD NO. 4 FOR SHOPPING & LONELY PLANET MAGAZINE VOTED MALAYSIA AS TOP 10 FOR YEAR 2014 WORLD TOURISM COUNTRY. THIS AUGURS WELL FOR SKB SHUTTERS.

Roller Shutters And Shelves For Shops Will Do Better Sales! And Iron Doors For Housing Boom Too. Safety Is Paramount For All Properties!

2) VERY HIGH NTA OF ALMOST RM2.00

At 58 Cts SKB SHUTTERS Is Selling at Almost 70% Discount to NTA. Big Margin of Safety here.

3) ITS ASSETS ARE COMMENDABLE

Example. 11/2 Acre Industrial Land in Indapura Industrial Park, Kulai Iskandar. Its Price Tag of RM1.08 Million if Revalued Should be about RM2.5 Millions (Current price about RM40 psf)

Another Shoplot about 300 Sq Ft in Kota Tinggi, Iskandar has a book value of only RM1.00.
A Shop Lot in Kota Tinggi Town Centre for One Ringgit? You Must Be Joking!

4) A Laggard Totally Neglected. So no bubble here. Its downside is limited. Its Up Side Potential?
No one know as yet.

Regards,

Calvin Tan Research

Do your own due diligence


calvintaneng
39935 posts

Posted by calvintaneng > Jun 13, 2014 8:19 AM | Report Abuse

Further Comment On RM1.00 Book Value.

KOTA POINT SHOPPING COMPLEX

Lower Ground Floor. Size 300 sg ft.

SKB Shutter Book Value is One Ringgit?

Calvin Comments:

1) Machines, Equipment & Motor Vehicles Are Depreciating Assets.
Example: A Car will depreciate 20% to 30% the First Year. Then 10% to 15% Every Following Year Till It Reaches One Ringgit.

Some Companies Will Put One Ringgit Book Value For The Company After 5 to 7 Year Period. I once bought 2 Old Cars by Tender From L&G (Land & General). After making payment the GM told me the Book Value for the Car is RM1.00. But through tender they sold me for About RM5,000 each.

An honest & transparent Company like L&G, Sime Darby, KFC, Kulim, AM Bank, Tenaga, Guinness, Telekom, Faber, Opcom, Muda & Other Transparent Ones Will Sell Their Assets By Tender. This will garner better Value For Share Holders.

Corrupted Directors Will Not Do This But Will By It Cheap Themselves & Then Dispose It For A Huge Profit.

Some Companies Also Use This As A Benchmark for Real Estate. They Also Depreciate The Houses, Shops & Factories To Lower & Lower Prices. However, Some Revalue Them Upward To Reflect High NTA. OKA for example.

The Current NTA For SKB Shutters is RM1.91. I Think if Revalued The Assets Should Easily Cross RM2.20 to RM2.50 per share.

This Is How Undervalued SKB Shutters Is Currently.


jwyap
581 posts

Posted by jwyap > Jul 10, 2014 8:38 AM | Report Abuse

it is really good counter.


pillay15
100 posts

Posted by pillay15 > Jan 22, 2015 9:16 PM | Report Abuse

Thank you Calvin. Good information provided. Keep it going.


crossroad
124 posts

Posted by crossroad > Feb 26, 2015 1:04 PM | Report Abuse

Lousy counter. The group got cash, but no pay dividends. Stingy directors and no free float. Top 30 shareholders already hold 94% so only 2.4 million shares held by others. Of course, if we live long enough, can see $$$ coming in. In the mean time, directors take a few million ringgit for their fees and remuneartion while shareholders get zero. The market is near perfect, so cannot be such a good compnay but share price so shitty.


crossroad
124 posts

Posted by crossroad > Feb 26, 2015 2:36 PM | Report Abuse

I don disagree results and financials look good. But, when it is all on paper, and shareholders get nothing, its bad. As investor, I rather be shareholder of a not so profitable company but willing to at least pay me FD rate of dividend. I looked at the counter a year ago, decided not to invest, and come back 1 year later, the outlook is the same. Had I invest, my $ would be stucked here for 1 year, without no capital gain, no dividend also.


superspeculator
160 posts

Posted by superspeculator > Mar 4, 2015 11:39 AM | Report Abuse

Calvin, please go to kota tinggi to see how ulu it is. Kota point was affected by the massive flood in kota tinggi few years ago. Nobody with sane mind would invest in kota tinggi.


stteck
707 posts

Posted by stteck > Mar 28, 2015 5:00 PM | Report Abuse

Is this share good? Can shine like super


kakashit
1473 posts

Posted by kakashit > Jun 5, 2015 10:42 PM | Report Abuse

wa, this counter calvin one man show, no other ppl kakacaucau


gnail
321 posts

Posted by gnail > Jul 9, 2015 10:37 AM | Report Abuse

this stock no one bother, no trading at all.


stteck
707 posts

Posted by stteck > Aug 15, 2015 10:44 AM | Report Abuse

59 mil to buy land, money from where?


gumball
10 posts

Posted by gumball > Dec 8, 2015 10:31 PM | Report Abuse

it


Johnsonwong
182 posts

Posted by Johnsonwong > Mar 24, 2016 3:33 PM | Report Abuse

sleeping counter


stteck
707 posts

Posted by stteck > Apr 18, 2016 5:55 PM | Report Abuse

New contract secured...congratulations!


calvintaneng
39935 posts

Posted by calvintaneng > Nov 29, 2016 9:52 PM | Report Abuse

Result good!


Azman Hashim
110 posts

Posted by Azman Hashim > Mar 3, 2017 1:00 PM | Report Abuse

no volume... zzzzzz...


stteck
707 posts

Posted by stteck > Jun 1, 2017 9:09 PM | Report Abuse

good profit EPS 6.5, PE 15. waiting it to soar


Lonewolfie
136 posts

Posted by Lonewolfie > Jul 5, 2017 5:07 PM | Report Abuse

Good luck Stteck


stteck
707 posts

Posted by stteck > Nov 28, 2017 2:45 PM | Report Abuse

good result. Kudos to SKB


stteck
707 posts

Posted by stteck > Dec 23, 2017 6:47 PM | Report Abuse

http://www.capitalcube.com/blog/index.php/skb-shutters-corp-bhd-strong-price-momentum-but-will-it-sustain-2/?yptr=yahoo
SKB Shutters Corp. Bhd.: Strong price momentum but will it sustain?

November 17, 2017 by CapitalCube

SKB Shutters Corp. Bhd. relative valuation is UNDERVALUED and it has a fundamental analysis score of 38.

Our analysis is based on comparing SKB Shutters Corp. Bhd. with the following peers – Astino Bhd., Woodlandor Holdings Bhd., Seacera Group Bhd. and ML Global Bhd. (7162-MY, 7025-MY, 7073-MY and 7595-MY).

SKB Shutters Corp. Bhd. has shown good performance overall, both over the last one year (at 10.77%) as well as over the last month (at 5.88%). Share price performance over the last month, though has been lower than that over the last year. But SKB Shutters Corp. Bhd.’s stock has done better than its overall peer group whose performance was -11.29% over the last month.

Company Snapshot

From a peer analysis perspective, relative outperformance last month is up from a median performance last year.It trades at a lower Price/Book multiple (0.37) than its peer median (0.50).The market expects 7115-MY to grow at about the same rate as the peers and to maintain the median returns it currently generates.7115-MY has relatively low profit margins and median asset efficiency.The company’s year-on-year change in revenues and earnings are better than the median among its peer group.7115-MY’s return on assets currently and over the past five years has trailed the peer median and suggests the company might be operationally challenged relative to its peers.Company appears to give away relatively high gross margins to relatively high operating costs suggesting a differentiated product portfolio with low pre-tax margins relative to peers.7115-MY’s revenue growth in recent years and current P/E ratio are both around their respective peer medians suggesting that historical performance and long-term growth expectations for the company are largely in sync.The company seems to be over-investing in a business with median returns.7115-MY seems too levered to raise additional debt.Our analysis rates SKB Shutters Corp. Bhd. as UNDERVALUED relative to its peers.

Share Price Performance

From a peer analysis perspective, relative outperformance last month is up from a median performance last year.

While 7115-MY’s change in share price of 10.77% for the last 12 months is in line with its peer median, its more recent 30-day share price performance of 5.88% is above the peer median. This suggests the company’s performance has improved more recently relative to peers.



Quadrant label definitions. Hover to know more

Leading, Fading, Lagging, Rising

Relative Valuation





SKB Shutters Corp. Bhd.’s price of MYR 0.72 is lower than CapitalCube’s implied price of MYR 1.15. CapitalCube believes that at these levels, SKB Shutters Corp. Bhd. is undervalued and has upside potential. Over the last 52 week period, the stock has fluctuated between MYR 0.55 and MYR 1.08.

Valuation


stteck
707 posts

Posted by stteck > Jan 11, 2018 8:30 PM | Report Abuse

Kudos SKB, two days up 13 cents. You are my hero!


Dickyyou
141 posts

Posted by Dickyyou > Mar 11, 2019 10:46 PM | Report Abuse

Why pay 61 sen? Wait 10 sen why cannot?


4444
1774 posts

Posted by 4444 > Mar 12, 2019 10:37 AM | Report Abuse

40 sen I buy.


910723127139
3 posts

Posted by 910723127139 > Nov 24, 2019 2:07 PM | Report Abuse

alternative

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