Forecast for Sunzen profit in FY 2025

(1)Ecolite RM5 mil (new acquire 30%)

(2)YanMing RM1.5 mil (new acquire 30%)

(3)Eye Nation 1.3 mil (new acquire 70%)

Sunzen will be holding,

(1)Ecolite 100%, YanMing 100%, Eye Centre 70%

(2)Finsource Credit 100% (Lending business for SME business or individual good profile of customer which currently having total 50-60 customers with property pledge loan and total loan amount around RM100 mil with interest at 12% per annum, maximum loan size can go up to RM10 million for a single customer)

Note: Finsource Credit total customer's loan from Rm5.6 million in 2021 growth to Rm100 mil on 30/06/2024 (RM64 mil principle and RM36 mil future interest income, max loan tenure 7 years, internal funding from Sunzen at RM56.3 mil as at 30 June 2024)

(3)Animal Health division which makes total loss of RM4.17 mil last 4Q has ceased operation on 30/06/2024 and the factory worth RM16 - RM18 mil to dispose (pending confirmation) and the cash will expend to Finsourse Credit (Lending business)

(1)Profit guarantee from Ecolite  and YanMing at RM6.5 mil

(2)Eye Nation profit guarantee at RM1.3 mil

(3) Finsource Credit (estimated if 30%  improvement from last 4Q profit at RM11.98) = RM15.57 mil

TOTAL Profit projected in 2025:

RM6.5 mil + RM1.3 mil + RM15.57 mil = RM23.37 mil

EPS = 3.3 cent

If PE 10 = RM0.33

If PE 20 = RM0.66

If PE 30 = RM0.99

(1)To acquire another Money Lender company

(2)To dispose the factory from Animal Health Division (RM16-18 mil), the fund will expend into Finsource Credit to approve more loan to customers, every RM10 million loan give out will have additional profit of RM1.2 million (12% interest per year) and if re-loan back from the existing customer loan payment to another customer, the yearly profit can go up to RM1.4 million (14% per year), SNOW BALL effect

(3)Apply more quota to export the premium bird nest to China (target 18 metric tonnes/yr), total Malaysia export bird nest to China at 140 metric tonnes a year

(4)Joint venture with Xmegami (Sunzen 49% : Xmegami 51%) to manufacture health products that can tap on to Xmegami 2000 sales distributor's huge customer base to increase the sales and profit immediately (Xmegami last 2 years sales around RM40 million a year)

Above are only for education purposes and estimation numbers. Let's see what will happen in another 12 months.

Let's have faith with Mr Teo and Mr Ching.