MacrullenSolid can’t be at this price. All automation fly like hell, yet solid still not yet big spike. Still got room to move. Yesterday china automation many limit up too
tumblerBought in SOLID (5242) for short term investment due to the followings :
1) Revenue increasing quarter 1&2 consecutively compare to last year similar quarters even though during tough pandemic movement control .
2) Profit margin increase consecutively current 2 quarters compare to last three years.
3) Operation cash flow from latest quarter showing company having positive RM10mil plus compare with last year quarterly cash flow negative RM2.5mil showing the management have changing the business strategy to pick up their growth.
4) Revenue on the domestic market increase 45% and International market ( middle east and africa) increase 41% reported during latest Aug annual report.
5) Company just completed constructing the new warehouse in Segambut in second quarter of Y2021 financial year. With the new warehouse in central region , company able to enhance the supply chain management and increase productivity in the central region and west malaysia.
6) Current 2 quarters earning per cents 0.63 and 0.53 showing that the projection of EPS per year shall be more than 2.5 cents. Compare with similar sector automotive parts listed company in KLSE PECCA PE ratio 38 , SOLID current price was deeply undervalue. Lets just assume minimum PE ratio for SOLID is 20 , this counter price should maintain above 50 cents.
7) If we trace back to historical SOLID price with similar EPS in 2017 with current EPS in 2021 , the SOLID price in 2017 was more than 50 cents and now the price only 20 cents a piece . With still have 150% safer room to spike , this counter definitely super undervalue gems stock among whole KLSE counters.
Conclusion : Solid is showing strong recovery in terms of revenue , margin and business strategy . Conservative target price 50 cents in short term should make it become great superstar after CNY. Just buy it and keep this , it will give you surprise reward in short term .
12/02/2021 12:51 PM
angeloAlready bought at 0.205 n 0.21. Keep as medium term investment.
16/02/2021 2:08 PM
kingpuk91Mark my words. Today will be day going up again.
17/02/2021 6:21 AM
jun1920Your words already marked and it didnt go up yesterday
18/02/2021 12:41 PM
Play4funHaha... Dont take too serious with the comments here.... Just read and let it be...
18/02/2021 5:54 PM
ValgrovestI think this company is fundamentally sound. Dont see much issues with their financials too. Just that business volume affected by MCO and low utilisation of vehicles on the road. When the Msian economy is back to normal, the future prospect of this company should be good, in my personal opinion.
19/02/2021 1:51 PM
cumcumshotFamily business lah. Board & senior management are mostly kaki lang. Anything bad happens to the company, outsiders would get to know last. Buy around 20c OK lah, but when the wind is strong about this company, then better run fast2. At 20c, the mkt cap is already 110mil.
25/02/2021 11:50 AM
HarrywwThis stock, so far nobody take note. If it hits the top ten then is a different story. Buy and keep. Is consider a good counter for the very near future.
suffianfauziHow confident 40c can reach b4 q rsult
05/03/2021 6:48 PM
MacrullenYes, I also think they will push it to 40c before the qr
05/03/2021 10:46 PM
suffianfauziIf that. I will prolong my tp to nearest 40c la.. Tq bos..
06/03/2021 1:41 AM
Edttk76Mission impossible .. always lose steam , weak operator ... look at the historical chart
06/03/2021 6:53 PM
NoEmothe benefits for employee is in the range of 5 to 7mil each quarter. Any idea what r the benefits that greatly erode the net profit of the co? Without with, the eps should be >1.5c for past 2 consecutive quarters.
07/03/2021 12:07 PM
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