27 May 2019
(Stocks Discussion) SGX: Sunningdale Tech Ltd (SGX: BHQ)?
Discuss anything about share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell Sunningdale Tech Ltd SGX: BHQ on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment!
TL;DR: Good business model but share price of Sunningdale Tech Ltd is going down. P/E ratio of 8.2 makes the stock one worth looking at.
Sunningdale Tech Ltd is a leading manufacturer of precision plastic components. With manufacturing facilities across Singapore, Malaysia, China, Latvia, Mexico, Indonesia, Thailand, India and Brazil, Sunningdale Tech is strategically positioned to target and capture opportunities in diverse business sectors globally using third-party logistics partners.
The share price of Sunningdale is trading at $1.29 (as of 27 May 2019). The 52-week L/H is at $1.21/ $1.67. Their share price declined further after the release of Q1 report.
Rising labour and utility costs, price pressure from customers and a slowing automotive industry as global automotive sales declined in key markets such as the US, China and Europe towards the end of 2018.
There is an increase in outlook for the next half of 2019, and performance is expected to improve. Business model is strong, but facing many challenges in the market. The share price of $1.29 makes it a pretty attractive stock you may want to consider.
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