Highlights
KLSE: SAMCHEM (5147)       SAMCHEM HOLDINGS BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.695   +0.015 (2.21%)  0.68 - 0.695  130,200
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Financials


Market Cap: 189 Million

Market Cap 189 Million
NOSH 272 Million

Latest Audited Result:  31-Dec-2017

Latest Audited Result: 31-Dec-2017
Announcement Date 26-Apr-2018
Next Audited Result: 31-Dec-2018
Est. Ann. Date: 26-Apr-2019
Est. Ann. Due Date: 29-Jun-2019

Latest Quarter:  30-Sep-2019 [#3]

Latest Quarter: 30-Sep-2019 [#3]
Announcement Date 08-Nov-2019
Next Quarter: 31-Dec-2019
Est. Ann. Date: 19-Mar-2020
Est. Ann. Due Date: 29-Feb-2020
QoQ | YoY   -16.76%  |    25.65%

Annual (Unaudited) ( EPS: 7.85, P/E: 8.85 )

Revenue | NP to SH 1,095,215  |  21,359
RPS | P/RPS 402.65 Cent  |  0.17
EPS | P/E | EY 7.85 Cent  |  8.85  |  11.30%
DPS | DY | Payout % 3.00 Cent  |  4.32%  |  38.20%
NAPS | P/NAPS 0.53  |  1.31
YoY   -4.18%
NP Margin | ROE 2.15%  |  14.82%
F.Y. | Ann. Date 31-Dec-2018  |  19-Mar-2019

T4Q Result ( EPS: 7.88, P/E: 8.82 )

Revenue | NP to SH 1,035,712  |  21,425
RPS | P/RPS 380.78 Cent  |  0.18
EPS | P/E | EY 7.88 Cent  |  8.82  |  11.33%
DPS | DY | Payout % 4.00 Cent  |  5.76%  |  50.78%
NAPS | P/NAPS 0.57  |  1.22
QoQ | YoY   5.32%  |    -12.33%
NP Margin | ROE 2.25%  |  13.82%
F.Y. | Ann. Date 30-Sep-2019  |  08-Nov-2019

Annualized Result ( EPS: 8.29, P/E: 8.38 )

Revenue | NP to SH 1,016,742  |  22,552
RPS | P/RPS 373.80 Cent  |  0.19
EPS | P/E | EY 8.29 Cent  |  8.38  |  11.93%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -2.91%  |    0.40%
NP Margin | ROE 2.44%  |  14.55%
F.Y. | Ann. Date 30-Sep-2019  |  08-Nov-2019



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 1 / 4 25.00% 1 / 8 12.50%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 4 / 4 100.00% 7 / 8 88.00%
Continuous Quarters Of Dividend 4 / 4 100.00% 4 / 8 50.00%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 0 / 4 0.00% 0 / 8 0.00%
Average ROE 3.57% 4.15%
Average Net Profit Margin 2.28% 2.41%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 3 / 5 60.00% 3 / 10 30.00%
Total Positive Profit Years 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Positive Profit 5 / 5 100.00% 10 / 10 100.00%
Continuous Years Of Profit Growth 0 / 5 0.00% 0 / 10 0.00%
Continuous Years Of Adjusted EPS Growth 0 / 5 0.00% 0 / 10 0.00%
Total Dividend Years 5 / 5 100.00% 8 / 10 80.00%
Continuous Years Of Dividend 5 / 5 100.00% 6 / 10 60.00%
Continuous Years Of Dividend Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Years Of Adjusted Dps Growth 1 / 5 20.00% 1 / 10 10.00%
Average ROE 11.41% 12.57%
Average Net Profit Margin 1.95% 2.47%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 1,035,712 1,016,742 1,095,215 630,655 792,886
NP to SH 21,425 22,552 21,359 13,247 13,799
Dividend 10,880 10,880 8,160 3,204 4,751
Adjusted EPS 7.88 8.29 7.85 4.87 5.07
Adjusted DPS 4.00 4.00 3.00 1.18 1.75

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 10.98% -5.50% -7.24% 2.17% -0.13%
NP to Owner -16.76% 25.65% 0.40% -1.05% -7.55%
Dividend 0.00% 0.00% 50.00% 0.00% 17.32%
Adj. EPS -16.67% 25.81% 0.48% -1.02% -7.48%
Adj. DPS 0.00% 0.00% 50.00% 0.00% 17.32%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue -5.43% 30.63% 64.23% -7.17% 28.23% 61.22% 16.81% 38.13% 73.66%
NP to Owner 0.31% 55.26% 61.73% 5.59% 63.43% 70.24% -4.18% 54.78% 61.23%
Dividend 33.33% 129.00% 239.55% - % - % - % 22.07% 71.75% 154.66%
Adj. EPS 0.38% 55.34% 61.80% 5.61% 63.42% 70.22% -4.21% 54.74% 61.19%
Adj. DPS 33.33% 129.00% 239.55% - % - % - % 22.07% 71.75% 154.66%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  trap44 likes this.
 
kevin5059 I expect for Samchem to get a better IPO price and premium to list in Vietnam, they must wait China and US trade to settle down first, once that is done, they will announce the Vietnam listing news. Slowly accumulate this counter, at least good dividend to receipt every quarter. Nothing to worry. Borrowing is reduced as shown in the recent quarter report.
12/08/2019 11:44 AM
Wang1245677 Hidden lost. All cover up. See who behind can tell already.
05/09/2019 7:08 PM
kevin5059 Wang1245677, can you elaborate more??
07/09/2019 10:49 AM
19/09/2019 7:19 PM
Wang1245677 Just stay away and sell
09/10/2019 2:52 AM
MK76 No one luv samchem? Wang1245677, why sell? I wan to buy test water can?
18/10/2019 1:35 PM
woeiming Result ok
08/11/2019 6:44 PM
Timinlcw every year 3 cents dividend , better than FD
09/11/2019 11:00 AM
kevin5059 Not 3 cents, it is 4 cents according to the latest report.
09/11/2019 11:58 PM
bnmacai Profit margin so low.
10/11/2019 2:16 AM
bnmacai The cumulative revenue on yearly basis is around 1billion. Billion itu ada sembilan (9) kosong.
10/11/2019 2:18 AM
MK76 Kevin, I saw this quarter giving 1 sen dividen. Date to be announce. 3rd interim div. Total 3 sen so far. Maybe you are right that there is one more final dividen. So, can buy?
10/11/2019 9:55 AM
wongkokmun 0610 sold
11/11/2019 12:41 PM
MK76 Plane took off and watching u gais earn. Tahniah!! Tak sempat beli. Hope can turun skit and beli utk dividen.
11/11/2019 1:07 PM
kevin5059 MK76, when looking at dividend, just look at the 4 recent quarters not by year. They will announce another date for the new dividend later. 6.8% dividends yield for PE=8. What else you ask for?
12/11/2019 10:41 PM
kevin5059 Sorry, 6.4%.
12/11/2019 10:42 PM
cutie all cleared
13/11/2019 9:37 AM
bear118 perfect n nice move....
13/11/2019 9:45 AM
cutie hahahaa...no more strength
13/11/2019 9:51 AM
cutie come onnnnn push
13/11/2019 11:00 AM
wongkokmun Sold 0.685
13/11/2019 4:45 PM
MK76 Okay, kevin. Miss the boat. Today merocket.
13/11/2019 4:50 PM
PotentialGhost Divinded pay is 3cts not 4cts
13/11/2019 5:23 PM
smallfishyu RHB Retail Research said Samchem Holdings Bhd may climb higher after forming a white candle and leaving an upside gap.

In a trading ideas note today, the research house said this candle has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment.
13/11/2019 6:57 PM
kevin5059 4 cents la.. why still got ppl talking about 3 cents. Read the quarter report la.. As long as Book of Notice not yet announce, the system will only show 3 cents, but the report already telling you they will pay another 1 cents (date to be announced) in the report. Don be lazy, read more.
15/11/2019 8:44 PM
akupolitikkk Post removed. Why?
15/11/2019 8:47 PM
kevin5059 yes you very clever akupolitikk, that's why only see 3cts. Those dumb crab realized it is 4 cents, that's why bought at 0.5x when the report just released. You clever prawn assuming is 3cts.
16/11/2019 12:03 AM
Tay Ming Zhe Bought at 0.58 and dumped at 0.68 10days later. The price went higher than my expectation TP 0.65.
16/11/2019 10:05 AM
striker888 So new TP 1.0? Ha-ha
18/11/2019 3:57 PM
bear118 nice and sui performance
18/11/2019 4:34 PM
MK76 Walao. Still merocket. Sakit ooh
18/11/2019 7:56 PM
kevin5059 Fund managers love counter with consistent dividend. When the recent quarter reported with another 1 cent dividend (date to be announced), which make Samchem paying at least 4 cents per year or 6.8% at RM0.57. On top of the two continuously improved quarters. Now everyone is rushing into this counter and I curious why there are ppl selling at 0.6x. If the share price shot up 3 days continuously with large gap, then you may have to sell to lock down your profit and buy back at lower price later when it retreat. However, for Samchem, it shot up very steadily, then rest for 3 days (to clear off those margin accounts holders), then after T3 it shot up again. This is a uptrend and should be a sustainable one. Anyway, just my 2cents, trade at your own risk.
18/11/2019 8:36 PM
Superb99 this counter has zzz...wake up pls
03/12/2019 11:37 AM
shpg22 Samchem is a good example of value trap. Although its Revenue and Net profit is at near record high, its share price suffer because of its poor OCF and increase in debts. Dividend payout through debt is not sustainable.
04/12/2019 8:01 PM
kevin5059 I'm laughing behind the screen after reading your "increased in debts" comment shpg22. Read the recent report in details again please.
06/12/2019 9:24 AM
shpg22 I m referring for the past few years, not just recent
06/12/2019 11:18 AM
kevin5059 Also, its OCF for last two quarter was around RM11-12millions (before capital changes). Meaning Samchem is making 11-12 millions cash from its operation and each quarter, samchem declare 1 cent dividend which only took Rm2.72million from its account to pay back to the share holder. Making 11-12millions each quarter but pay Rm2.72millions to shareholder you consider not healthy??
06/12/2019 12:15 PM
shpg22 Again on the OCF, look back a few years. Not just recent. Companies are known for hiding skeleton behind and depict a rosy picture ahead.
06/12/2019 12:20 PM
kevin5059 I respect that everyone may have different view on the same report. However, what if the company is spending large sum to expand their business in Vietnam for past 2 years, then only this two recent quarters, their vietnam business is getting rewarded, that's making their CF getting better??

What I see from the CF and the report is that Samchem
1) is paying less bank interest starting last 2 recent quarters (reduced in loan)
2) vietnam business is recovering and growing
3) declare dividend every quarter (dividend never lie)
4) Cash flow is positive and healthy, making 11-12mil per quarter and paying ~2.3million bank interest every quarter.
5) I don see Samchem taking up any new bank loan.

With those information above, I personally think that the negative cashflow for pass 1-2 years was mainly due to business expansion but not the fishy things. Unless next quarter suddenly they took a new loan again without any huge improvement on their cash flow or venture into new market.
06/12/2019 1:57 PM
tslai38 big boss is buying in until holding more then 45% shares showing samchem is good to invest and history show that when his family buying ,share price will shoot
06/12/2019 3:23 PM
shpg22 what if the company is spending large sum to expand their business in Vietnam for past 2 years

This will fall under CAPEX. Not part of OCF. If talk about FCF, its even worst.

From its Cash flow statement, year to date interest paid (7452) seems increasing compare to preceding year (6752).
06/12/2019 8:09 PM
kevin5059 Capex involved:
1) Plant & equipment purchases
2) Building expansion
3) Hardware purchases such as computers
4) vehicles to transport goods

Operating Expenses involved:
1) Rent
2) Utilities
3) Salaries
4) Expense considered sales, administrative expenses
5) Tax

You are saying that expand business do not need to pay rent? salary and marketing and administrative expenses? When Samchem venture into Vietnam, they spent a lot to in marketing.
07/12/2019 12:15 AM
shpg22 Probably, its not stated clearly in report. You can only guess
07/12/2019 9:18 AM
kevin5059 shpg22, everything in the report may be right or fake. We as an outsider can only guessing. As from your previous posts, you only keep emphasize on History of past two years data, but tend to ignore samchem is doing well in the recent 2x quarters. FCF and OCF(only become negative cause they paid off their bank loan, which is good) both are positive.

Last year, samchem business and CF are not looking good, that's the reason why shareprice was down from RM1.2 to 0.53 at one point. However, due to the recent good quarters, the shareprice had climb from 0.5x to 0.7x. You may just wait for two more quarter reports for you to cross check the yearly CF or business performance, but remember at that time, even you decided to buy in, you have to pay RM1+ as many ppl already act way ahead of you while you are so conservatively waiting for the green signal.
07/12/2019 11:41 AM
G-boy kevin5059.
i saw u write samchem making 11-12m per quarter. u mean profit before the tax?
11/12/2019 9:32 PM
G-boy and how to check samchem give 4sen dividend?
i thought it only give 1sen for first ,second and final dividend only?
thank
11/12/2019 9:42 PM
kevin5059 G-boy, it is the cash flow per quarter before "changes of working capital". Another 1 cent was announced together with the report but date to be announced later.
12/12/2019 1:40 PM
bear118 @kevin5059... Can hold for long term?
02/01/2020 8:50 AM
kevin5059 bear118, no body should actually give any buy/sell/hold call in i3 forum. We will share our information and you guys should judge based on your own. Do some homework or paid some tuition (losing money after each mistake), then only you will gain your own confidence and knowledge.
02/01/2020 11:06 PM
bear118 noted with thanks.
03/01/2020 9:21 AM