What will i do with my Sunningdale shares?

Sunningdale share price has been dropping sharply for these past few days from the average price of $1.90 on the 2nd April to $1.27 as per yesterday closing price (about 33% drop).

When the share price of a counter i am holding has been moving drastically up or down in a short period of time, i will have to reassess my thesis in the company (my based will only be on the fundamental of the company for long term hold):

(1) The sustainable business model attracts me to own this company for longer term,

(2) Solid balance sheet, consistently generates cash flow in the business every year,

(3) Consistently looking for improvement operation costs either by consolidating its under-performed plants in similar locations or adding new plants to those areas which are able to bring more efficiency to their operation costs,

(4) Year to Year comparison on business performance on Revenue, Gross Profit, Net Profit, Cash, Debts, Dividend per share and Forex (loss)/gain for the past 5 years:

Full Year	Revenue SGD ('000)	Gross Profit SGD ('000)	Net Profit SGD ('000)	Cash SGD ('000)	Debts SGD ('000)	Dividend per Share SGD (Cents)	Forex (loss)/gain SGD ('000)
2013	476,003	55,402	13,649	79,215	59,753	3.5000	(316)
2014	475,613	59,928	27,676	104,833	137,020	4.0000	1,427
2015	674,464	90,842	42,104	121,113	120,000	5.0000	12,849
2016	684,457	94,335	39,071	115,255	99,758	6.0000	8,952
2017	724,545	105,533	31,360	105,281	103,680	7.0000	(10,647)
*Q12018	168,974	21,409	1,940	105,448	106,556	-	(5,205)

1. Revenue has been increasing YoY.

2. *Q12018 revenue dropped 1.6% QoQ or $2,807,000. If the exchange rate of the US Dollar and the Euro remained at the Q12017 rates, Q12018 revenue would has been $173,474,000 or about 1% increased from Q12017 and the GP margin would has been 14%.
3. Excluding foreign exchange loss, retrenchment costs and gains from the disposal of plant, property and equipment (“PPE”), net profit would have been $7.1 million for Q12018.

4. The Group reported an increase in revenue from all business segments except for the Consumer/IT segment. The decrease in revenue from the Consumer/IT segment was due to a decline in demand from end customers for certain projects, project end-of-life and new projects which have yet to commence the ramp up phase. This also caused the GP margin to be decreased to 12.7%. 

5. Construction of the Group’s latest manufacturing site in Penang, Malaysia has been completed and is in the midst of doing pilot runs for mass production in the Consumer/IT segment that is scheduled for ramp up in the second half of 2018.

6. If i sum up the forex (loss)/gain for the past 5.25 years, the Forex (loss)/gain will result in the gain of $7,060,000.

As i have mentioned in my post before, my investment knowledge is really very little, as so my business knowledge. 

Apart from the reports or announcements they made via SGX, how much more i know about Sunningdale business environment, the challenges they are facing including volatility of foreign exchange markets and rising labour costs accross their 20 plants in 9 different countries? their operation efficiency in 20 plants with thousands of headcount involved? 

Am i able to translate all the contents of their reports precisely?

Can i trust their management completely?

Do i have faith in their business going forward?

Do i think Sunningdale will still be around and surviving in the plastic business world in the next 5 - 10 years down the road?

My guess is as good as everyone's guess.

Having said all that, i still have faith in this company and i strongly think the current business valuation of $240mil is still far undervalued comparing to their business fundamentals as per shown so far. 

* Above are just my thoughts. The accuracy or completeness of the information above cannot be guaranteed.