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Financial management assignment (f) summarized 4

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Financial management assignment (f) summarized 4

  1. 1. (f) Strategic Plan Sycal’s local construction base in Perak has full of potential with over 5 million acre of land and 10 administrative district covering various industry and communities. Under Perbadanan Kemajuan Negeri Perak (PKNP), upcoming development in the state will focus in creating integrated township and develop plan with the ultimate goal of raising overall socio-economic values in the area. Cygal Development Sdn Bhd had owned approx RM 69 million, which will see periodic repayment starting from year 2014 to 2016. The huge cash coming in might bring an opportunity for Sycal to finally reward the patient shareholder with a possible dividend. Sycal might look up into the opportunity of having more jobs in the future when Pullman Hotel (in Bangsar) starts to expand for their next spot where they had a 12 year contract running until 2022. With on-going projects from Sitiawan, Cheras, Ipoh and Taiping, with their upcoming launch in it's 5.37 acre of land in Johor, Sycal will be looking to see it's properties development activities to gain up significant portion of profit contribution in the next 5 to 10 years with potential total GDV of RM1.2 billion. Summary of Opportunities: - Repayment of RM 69m from 2014 to 2016, boosting company cash position, and also putting up chances for a dividend for shareholder. - Cygal Development Sdn Bhd had a 12 year contract with Pullman Hotel until 2022, which puts up opportunity for Sycal for more jobs in the coming days when Pullman Hotel starts to expand for their next spot. - Looking to see it's properties development activities to snap up significant portion of profit contribution in the next 5 to 10 years with on going projects from Cheras, Sitiawan, Taiping and Ipoh - Progress billing on existing construction book order of RM 500 million, as well as potential RM 1.2 billion GDV in future township development in Perak.
  2. 2. The near term prospects is expected to remain challenging for the domestic construction and property industries in view of the weakness in the local currency, effect of GST and strict lending policies by banks Downtrend towards the first half of the year 2016 Picture (Annual Report 2015) indicates that the Group obtains new borrowings and tried to sell off their assets to reduce it but is unable to cover up the total amount of borrowings. Sycal acquired plant and equipment by hire purchase, term loan, and cash payments where RM86,000 is used under term loan.
  3. 3. Sycal had broken away from the down trend chart recently after a strong rebound on the floor price at the range of RM 0.31. This indicates a new trend in the making. Even when Sycal had a significant of debts, it’s positive cash flow and careful management overcomes the amount of debts. Major Challenges: - Maintain flow of strong volume in the trend chart after being hit in the range of RM 0.31. - Sycal next resistant should sit at RM 0.40. - Going through the current local currency, effect of GST and strict lending policies Figure 1 http://www.sharetisfy.com/2016/07/sycal-9717-sycal-point-of-perak.html
  4. 4. REFERENCES: - http://www.sycalberhad.com/assets/sycal-ar-2015.pdf - http://bonescythe.blogspot.com/2015_02_01_archive.html - http://bonescythe.blogspot.com/2015/07/sycal-venture-higher.html - http://www.sycalberhad.com/sycal-ventures-berhad---annual-report.html - http://www.puredecisions.com/PureData/Malaysia/sycal-ventures.html - http://www.tradesignum.com/company/sycal - http://www.sharetisfy.com/2016/07/sycal-9717-sycal-point-of-perak.html - http://www.sharetisfy.com/2015/04/sycal-9717-sycal-finally-coming-out-of.html

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