Sunningdale Tech   

Sunning Tech

Sound good.. will keep on monitor.. this counter.

alexmay      ( Date: 06-Aug-2010 18:44) Posted: CONSOLIDATED INCOME STATEMENT April-June 2010 (“2Q10”) The Group’s revenue increased 13.2% from $92.3 million in 2Q09 to $104.5 million in 2Q10. The increase mainly came from component parts revenue from all business segments. During the period, gross profit increased by 26.5% from $13.0 million in 2Q09 to $16.5 million in 2Q10. Gross margin for 2Q10 was higher at 15.8% compared to 14.1% in 2Q09. This was in line with the increase in revenue. Increase in marketing and distribution costs was due to an increase in marketing activities which was in line with the increase in orders. Administrative expenses were 10.3% lower in 2Q10 at $6.6 million compared to $7.4 million in 2Q09. This was due to an impairment allowance for doubtful debts of $1.2 million in 2Q09. Decrease in other expenses in 2Q10 by 30.6% mainly due to lower foreign exchange loss incurred in 2Q10 as compared to 2Q09. The Group recorded a net profit of $4.4 million for 2Q10 compared to $0.2 million in 2Q09. This included a foreign exchange loss of $1.1 million (2Q09: $1.8 million). Excluding the foreign exchange loss, the net profit would have been $5.5 million in 2Q10 as compared to $2.0 million in 2Q09.

 

CONSOLIDATED INCOME STATEMENT April-June 2010 (“2Q10”) The Group’s revenue increased 13.2% from $92.3 million in 2Q09 to $104.5 million in 2Q10. The increase mainly came from component parts revenue from all business segments. During the period, gross profit increased by 26.5% from $13.0 million in 2Q09 to $16.5 million in 2Q10. Gross margin for 2Q10 was higher at 15.8% compared to 14.1% in 2Q09. This was in line with the increase in revenue. Increase in marketing and distribution costs was due to an increase in marketing activities which was in line with the increase in orders. Administrative expenses were 10.3% lower in 2Q10 at $6.6 million compared to $7.4 million in 2Q09. This was due to an impairment allowance for doubtful debts of $1.2 million in 2Q09. Decrease in other expenses in 2Q10 by 30.6% mainly due to lower foreign exchange loss incurred in 2Q10 as compared to 2Q09. The Group recorded a net profit of $4.4 million for 2Q10 compared to $0.2 million in 2Q09. This included a foreign exchange loss of $1.1 million (2Q09: $1.8 million). Excluding the foreign exchange loss, the net profit would have been $5.5 million in 2Q10 as compared to $2.0 million in 2Q09.

 

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9A200E8770E339594825777700322017/$file/STL_2Q10Results.pdf?openelement

Sunningdale result, should be good???


 

 

Must wait for the 2nd Qtr to move it higher. Vested long long ago haiz!!!!, but looking for more upside. DYODD

 

Strong support i think @0.225-0.23

 

Anyone buy this counter? Seems all TA bullish, yesterday MACD has crossover and Stochastic also...

 

This counter had been rallied for the last couple or weeks to this level. Almost double from its usual price between 0.120 ~0.155. Will this continue??

This counter was in my radar screen but I was too skeptical  and hesitant to enter when it started to rally. I have missed the boat. Sian

 

 

Come Monday, how will market react to 1Q result?

Results 1Q 31.3.10 - Bottomline Not too impressive, bcos of lower exchange gain of 0.9m vs 7m last yr.)

Topline Revenue: $100m (+35% vs last yr)

Operating Profit: $4m (+239% vs Last yr)

Net Profit (after exchange gain): $4.9m (-44% vs Last yr).

 

29 Apr 2010 Time * 04:00:PM Company * SUNNINGDALE TECH LTD Venue * SUNTEC SINGAPORE, INTERNATIONAL CONVENTION & EXHIBITION CENTRE, MEETING ROOM 311-312, LEVEL 3, 1 RAFFLES BOULEVARD, SUNTEC CITY, SINGAPORE 039593 That's 45mins later. wonder if they will shed light on the rumoured M&A activity that is largely behind the recent run-up.

 

Will sunning tech increase again??

 

anyone know when it will release it's 1Q10 result? Am waiting for result announcement, might be good...

 

What's up??? what's up???

Am happy as I have holding at 0.445 and 0.254 from years ago. Hope it will hit at least 0.355

 

 

KBH's power???

 

Good, should be good news. Vested 0.23!

 

Sunning is on FIRE!!!!!

 

Very fierce accumulation by someone...hit 28c now! May have to halt trading pending announcement.

 

15:40:59	0.245	1,000,000	Buy Up
15:40:58	0.245	101,000	Buy Up
15:40:55	0.245	100,000	Buy Up
15:40:51	0.245	50,000	Buy Up
15:40:42	0.245	10,000	Buy Up
15:40:28	0.245	100,000	Buy Up
15:39:45	0.245	30,000	Buy Up
15:39:25	0.245	998,000	Buy Up
15:39:21	0.245	2,000	Buy Up
15:38:43	0.240	270,000	Buy Up
15:38:42	0.240	200,000	Buy Up
15:38:41	0.240	3,000,000	Buy Up

 

Heard from some brokers: Temasek n certain hedge funds may take a substantial stake in SunningTech @ 45c (approx. 1.5x book). Its plastic moulding div for auto makers in China is booming business now. Not verified, just rumours.

 

Going up steadily.... What are the other upsides?

 

Hit 0.195 already!!!!

10:16:49	0.195	200,000	Buy Up
10:15:34	0.195	10,000	Buy Up
10:13:28	0.190	3,793,000	Buy Up
10:13:23	0.190	100,000	Buy Up
10:11:30	0.190	100,000	Buy Up
10:09:59	0.185	50,000	Sell Down
10:03:19	0.190	20,000	Buy Up
10:02:26	0.185	20,000	Sell Down
09:59:59	0.185	200,000	Sell Down