Why am i investing in Sunningdale Tech?

SUNNINGDALE TECH LTD

Business Vision: 

To be recognised as a leading Asian tooling, plastics injection moulding with decorative finishing processes and precision assembly company supplying to the global market. 

5 Pillars of Excellence: 

(1) On time delivery 

(2) Pro-quality mindset (doing right at the first time everytime, no need rework) 

(3) Cost saving attitude 

(4) Continous learning of new work processes & technologies 

(5) Team work 

4 Business Segments: 

(1) Automotive 

(2) Consumer/IT 

(3) Healthcare 

(4) Tooling/Moulding 

HQ: Singapore 

- more than 200 designers and 10,000 sqm of mould manufacturing area in Singapore & China. 

Manufacturing: 

Guadalajara, Mexico 

Sao, Brazil --> part of organic growth 

Riga, Latvia 

Batam, Indonesia 

Guangzhou, China 

Zhongsan, China 

Suzhou, China 

Tianjin, China 

Shanghai, China 

Hongkong, China 

Rayong, Thailand --> part of organic growth 

Johor, Malaysia 

Chenna, India - new foot print achieved from acquisition of First Engineering Limited (FEL) 

Acquisition of FEL was completed in Nov 2014:
(1) Creates one of the largest precision plastics engineering companies with combined revenue of $636 millions, with presence in Asia, Europe, North & South America.
(2) Highly complementary in three major business segments: Automotive, Consumer/IT, and Healthcare/
(3) Expand blue chip customer base & products offering.
(4) Increase technology & best-in class capabilities across entire value chain.
(5) Provide immediate to Indian market and strengthen the existing footprint.
(6) Achieve higher efficient in corporate support & operational.

(+) things about Sunningdale:
(1) Improving of net profit margin.
(2) Generating good cash every quarter.
(3) Management is prudent in operation & having good system.
(4) Trading below NAV.
(5) Giving dividend for the last 3 years.
(6) Did an acquisition of FEL which seems to have synergistic in production efficiency and offering broader product mix & customer bases which in turn can improve top & bottom lines for the group in the coming financial years.

(-) things about Sunningdale:  
(1) Their business highly depend on good economy condition, and strengthen of US dollars will benefit them as their customer bases are mostly in US & UK.
(2) The gearing level is quite high, thus, the company has to prove to the investor by maintaining generating consistent cash inflow every year.

Total number of ordinary shares: 186,705,736

Year	R(1Q)	NP (1Q)	NPM (1Q)	NP-EI (1Q)	R (2Q)	NP (2Q)	NPM (2Q)	NP-EI (2Q)	R(3Q)	NP (3Q)	NPM (3Q)	NP-EI (3Q)	R(4Q)	NP (4Q)	NPM (4Q)	NP-EI (4Q)
2012	110.6	3.3	2.98	3.7	106.4	2.2	2.07	2.7	120.8	1.5	1.24	3.1	113.4	2.6	2.29	2.6
2013	110.1	2.3	2.09	2.3	123.1	3.5	2.84	3.5	121.2	3.8	3.14	4.2	121.7	4	3.29	3.7
2014	105.7	8.5	8.04	3.7	114.5	4.4	3.84	5.6	120.5	3.6	2.99	5	135	11.2	8.3	8.3
2015	154.5	7.1	4.6	6.2	165.4	6	3.62	5.5	176.5	15.9	9	5.8	178.1	13.2	7.41	13.4
Financial Year Ending 31 December
Year	FYR	FYNP	FYNPM	FYNP-EI	FYNPM-EI	NAV	Cash	Debts	Dividend
2012	451.2	11.2	2.48	9	2	-	-	58.6	1.2
2013	476.1	13.7	2.88	9.8	2.1	-	-	59.8	0.7 (3.5)
2014	475.7	27.7	5.82	21.5	4.5	-	-	137	0.8 (4.0)
2015	674.5	42.2	6.25	29.4	4.4	1.77	121.1	120	5.0
R = Revenue = Top Line = Sales (million) NP = Net Profit = Bottom Line (million) NPM = Net Profit Margin (%) 1Q = First Quarter 2Q = Second Quarter 3Q = Third Quarter 4Q = Fourth Quarter FYR = Full Year Revenue (million) FYNP = Full Year Net Profit (million) FYNPM = Full Year Net Profit Margin (%) NP-EI = Net Profit excludes Exceptional Items (million) FYNP-EI = Full Year Net Profit excludes Exceptional Items (million) FYNPM-EI = Full Year Net Profit Margin excludes Exceptional Items (%) NAV = Net Asset Value per share (cent) Cash = Total Cash (million) Debts = Bank borrowing & debts securities (million) Dividend = Payout dividend per share (cent)