Similar to Sunright, Ellipsiz is another semicon company listed in Singapore that did not engage in investor relations activities. However Ellipsiz's value is significantly realized as a result of its sale of a major part of its semicon business.
How will Sunright realize its full value from here on? Any thoughts?
Sunright ($0.89) - This train is finally ascending to a new height, following Kesm reaching a new high of RM$20.00 per share. With the Mkt capitalisation exceeding S$100 million, Sunright is likely to attract boutique fund managers.
Profit Guidance
The Board of Directors of Sunright Limited issued a profit guidance regarding the financial results of the Company and its subsidiaries ("the Group") for the first half financial year ended 31 January 2019 ("1HFY2019").
Based on the preliminary financial figures available, the Group is expected to report a loss for 1HFY2019 compared with a profit for the corresponding period of the previous year. This was largely attributed to lower service revenue and weaker margins from sale of goods.
FY19 result was bad...in the red.
Just announced Q1/2020 results. Seems to show a turnaround if not for foreign currency translation loss.
https://links.sgx.com/1.0.0/corporate-an...tsAnnt.pdf
Hopefully worst will be over with the Semiconductor cycle and electronics cycle bottoming.
(26-11-2019, 05:57 PM)Behappyalways Wrote: [ -> ]Just a dead cat bounce
Opinion: Semiconductor stocks are bubbly, as companies’ sales are worse than most investors think
https://www.marketwatch.com/story/semico...od=opinion
Not sure deadcat or not, I do not have much of a macro view.
I am seeing AEM and UMS share prices have recovered quite a bit from good orders inflow and respectable results, just wondering when will be Sunright's turn.