Tuesday, December 31, 2013

2013年最后一天

今天我要如何度过呢?

平常心是道,一切如常。

 不过,等下静坐时,我会静坐久一点。




2013年最后一天的疑问, 综合指数会不会收在 千7点以上呢?

2013年最后一天,希望把楚狂人的 sop2 看完。

2013年最后一天想到那个馆子喝茶吃饭? sushi king 是逃不掉的。


2013年最后一天过后就是新的一年,2014年开始了。

新的一年,新的投资计划,音乐瀑布将启动新的使命,希望读者们可从中得益。



永远再也不见了 2013年最后一天。 bye bye






Sunday, December 29, 2013

mbsb-or review

这几天许多位朋友同学来电询问如何交易 mbsb-or?

买,加码?卖,马上套现?甚麼价钱?

笔者在21-12-2013  mbsb or 文中说

“。。。mbsb - or 值得 > 60sen

如是笔者,50sen 以下就会强力买进 mbsb - or, 然后加钱 RM1.65 买附加股。

70sen 以上就卖 mbsb - or.。。。。。”


看了上星期五 mbsb 与 mbsb-or 的走势,

有点不妥。

想想看:

如果你手中有 mbsb-or, 现在它市价 51sen,

你要马上卖掉拿 51sen 走人,还是再加 RM1.65 跟它耗。

何年何月它起回 RM2.50以上?

因此,笔者在 21-12-2013  mbsb or 文中交易策略是不够周详,有缺陷的。

在此向大家说对不起。







Thursday, December 26, 2013

总结2013年 :必须精进

回顾一年,最大的败笔就是没存到甚麼钱。

最近,买了楚狂人sop2 正看着。

心灵方面,知道/体会到 一切随缘,不要千方百计。

2012年未看完的书,大多数已杀青,

正能量, the pratical of the power of now, 直觉力等等。

今年大多数是看 心灵/灵修 方面的书较多。

我不只是我 未看完,作者许添盛。

气功/长生学 有待更上一层楼。

运动反而少了,尤其是跑步,完全停止。

总之,自己还懒散得很,各方面必须更加精进。





相关文章:














Monday, December 23, 2013

开始累积 engkah

engkah 业绩越来越差,

它的生意慢慢做到中国去,理应盈利增加。

回顾三年历史,它的股价在 RM2.40左右不多,通常在三零吉以上。














这几年来,它的派息稳定,每年 5 + 5 +5 + 7.5 = 22.5sen,

如以 RM2.40买进,

周息率=100%  X 22.5  / 240  〉9%,

因此开始慢慢累积。

Saturday, December 21, 2013

mbsb or

mbsb 2个原有股配 1股附加股,

每附加股发售价 RM1.65,

除权前收市于 RM2.69.

(2.69 X 2 + 1.65) / 3 = 2.34

后天,星期一,mbsb 市价将调整到 RM2.34.

RM2.34 - RM1.65 = 69sen

mbsb - or 值得 > 60sen

如是笔者,50sen 以下就会强力买进 mbsb - or, 然后加钱 RM1.65 买附加股。

70sen 以上就卖 mbsb - or.

就当着 mbsb 资本回退每股 35sen.

那麼,买 mbsb的平均价就被拉低了 〉35sen, 可喜可贺。




备注:只是笔者mbsb 交易对策,笔者从没买过mbsb.

Friday, December 20, 2013

香喷喷还是臭酸芋头?

keladi, 看它的现金就够了。

根据刚出炉的财报,Cash and cash equivalents = RM149,952,000
总票数 = 758,310,000

每股现金 = RM149,952,000 / 758,310,000 = 19.77sen

上一季 = RM143,320,000 / 758,310,000 = 18.90sen

每股现金增加了 19.77 - 18.90 = 0.87sen

股价 25sen, 每股现金 19.77sen, 接近  20sen

它拥有这麼多现金,为何不多派息?

一年一次, 才0.5sen 股息 。

难道像 “牛” 一样,令人纳闷铁甲万里是不是有一张写着 RM149,952,000 没日期的空头支票?

陈华春啊,别连散户钱都不放过。






特别推荐:从不进银行兑现的空头支票



Tuesday, December 17, 2013

视力度数

今天去配一副新眼镜,

测眼睛视觉度数,

右眼从 350度 降到300度,

左眼从 350度降到 250度。

一直想不通, 不是佩戴眼镜的人,度数有增无减吗?


Friday, December 13, 2013

跨年投机, mbsb vs kpj

mbsb, 1粒附加股 配 2粒原始母股,

附加股发售价 RM1.65

ex date 23-12-2013

mbsb-or 在 27-12-2013 上市

6-1-2014 停止交易。

29-1-2014 mbsb 附加股上市

kpj,

 1粒附加股 配 15粒原始母股,

买 1粒附加股获赠 2粒涡轮,

附加股发售价 RM2.80

ex date 23-12-2013

另,

kpj 2 粒原始母股可获得 1粒红股,

ex date 23-12-2013

kpj-or 在 27-12-2013 上市

6-1-2014 kpj-or 停止交易

29-1-2014 kpj  附加股上市。




两个日期一模一样,mbsb-or, kpj-or 上市将在最活跃版吸引许多投机客。

你盘算好了吗?跨年投机。






Tuesday, December 10, 2013

mediac

点击下图放大看,这图表股价已因股息调整过的:
















图中看出在2009年一整年里任何时候买进的投资者通通都已回本。

往后有任何派息,都是白白拿的,不用本钱。

问题来了,请问现在还可以投资这股吗?















它每年派大约 5sen 股息,以这几天的股价,9毛多,周息率约 5%.












它的盈利有增长,(以上是取自2013年报




















2013财政年两季每股净赚 4.92sen ,净利 8千3百万左右

预计一年每股盈利约 4.92 x 2 = 9.84sen,

它的财务健康,债务没问题。

长话短说:

这股可以投资,现在九毛多的市价已经反映它的价值。

现在这样的价钱买进,等于投资,与它的生意共成长。

随着岁月,它的生意蒸蒸日上,它的股价也跟着上。


2014年世界杯,有利于它的广告收入。







Thursday, December 05, 2013

鲜奶 fresh milk

上星期三早上母亲跌倒进院,头后部缝针,隔天医生批准出院。

她没胃口吃东西。

从超市买两盒鲜奶回来,鲜奶 + milo + 热水 配 roti 吃,她只喝几口,

一片 roti 吃不到1/4, 就不想吃了。不到半小时,泻肚子。

跌倒后第三天,鲜奶 + 热水(滚水) + 麦片 , 喝几口,也是泻肚子,

左思右想,怎样都不通,她吃甚麼,我也吃什么,

她喝什么,我也喝什么。

她泻我却没事。

难道问题不出在吃喝,而是与它跌倒,是否其它内伤,脑震荡有关。

星期日,又倒回去 kpj 看她的主治医生。

医生看了她脑后缝针伤口,说星期二拆线。

他用听筒放在她肚子上听了一会儿,告诉我,吃错东西。

打一针,吃两粒止泻药,半小时后就没事了。

后来,渐渐懂了,鲜奶因人而异,

未过期的鲜奶,有些人喝没问题,有些人喝会反胃(呕或泻)。

有些人平时没事喝也没问题,

但当生病,伤风,感冒,身上有伤喝就会呕泻。

因为身体受伤,生病,你的免疫系统已劳矣疲命,以致抵抗没煮熟鲜奶里细菌的能力有限。





备注:笔者不是医生,药剂师
以上所说是个人经验之谈。
请读者们 refer回自己的个人/家庭医师的。



Saturday, November 30, 2013

从不进银行兑现的空头支票

我的老友黄先生告诉我,

与人合伙做生意,

公司赚很多钱,

可是钱却不分给股东,放在保险箱或铁甲万里。

每月,每季或每年查账时,

里面除了一点点现金外,还有一张未写日期的支票,

公司所赚的钱,扣除那一点点现金外,余数就是那张支票数额。

账目对,查账师觉得没问题。

真正的钱已被那开支票的人挪走了,铁甲万里的是一张空头支票。


想想看,如果你查 guh 公司现金时,方木山打开铁甲万给你看,

里面有一张 RM175,683,000 数额的支票,你应该不会拿去银行兑现,求证支票真假吧。

(方木山,请你看仔细,音乐瀑布没说你开空头支票,也没说你挪用公司现金)。


公司有很多现金,派息率却非常低,甚至都不派息。

这管理层一定不好,诚信有问题,可能有如上面所说。


所以,为何每股拥有净现金超过85sen, 但市价才两毛钱的菜细粒无人问津。




备注:除了从不进银行兑现的空头支票外,还有很多门道挪用公司现金。

甚至银行还可提供更好的方法,教你怎样走法律漏洞,

正法途径,光明正大手法挪用公司现款。











Sunday, November 24, 2013

蓝天白云

多久没看天空了呢?

点击图片放大看

以下这张照片中有两只老鹰在盘旋,可看出来吗?

















早上天空,蓝天白云














Saturday, November 23, 2013

幽 女 客

一位黄先生在十三年前买了 unico 10粒(上市价 RM1.50),

2003年3月25日, 5送3,增加到 16粒,

2004年8月3日 ,1拆成4,变为 64粒,

2006年4月7日,25送1,增加到 66.56粒,

2007年5月3日,15送1,增加到 71粒

最近,被 ioi 以 RM1.17 私营化。

昨天,他拿着一张5位数的支票给我看,开心的对我说:“明天请你在星巴克等我”

以下是历年的股息等,

请读者们帮忙算算,这 13年来, 每粒unico 为它的忠实投资者创造了多少财富。


Ex Date
description

2000年3月上市
RM15K
10
12/09/2000
Final Dividend of 4% less 28% income tax and 1% tax exempt

07/03/2001
Interim Dividend of 6% less 28% income tax

10/09/2001
Final Gross Dividend of 4% less 28% income tax

26/02/2002
Interim dividend of 6% less 28% income tax

16/09/2002
Final Dividend of 6% less 28% Income Tax

28/02/2003
Interim dividend at 6% less 28% income tax

25/03/2003
Bonus issued 3 NEW ORDINARY SHARES FOR EVERY 5 EXISTING ORDINARY SHARES
16
15/09/2003
Final Dividend of 6% less 28% Income Tax

06/01/2004
First Interim Dividend of 6% less 28% income tax and 3% tax exempt

03/08/2004
Share split of ordinary shares of RM1.00 each in Unico-Desa on the basis of 4 new ordinary shares of RM0.25 each for every 1 existing ordinary share of RM1.00 each held in Unico-Desa at 5.00 p.m. on 5 August 2004

64
18/10/2004
Final Dividend of 8% less income tax 28%

24/02/2005
Interim Dividend of 6% less 28% Income Tax

14/10/2005
Interim Dividend of 8% less 28% Income Tax

07/04/2006
Share Dividend of one (1) Treasury Share for every twenty-five (25) existing ordinary shares of RM0.25 each held
66.56
16/10/2006
First and Final Dividend of 8% less 28% Income Tax

09/03/2007
First and Final Dividend of 6% less  Income Tax

03/05/2007
Share Dividend of One (1) Treasury Share for every Fifteen (15) existing ordinary shares of RM0.25 each held
71
28/09/2007
Final Dividend of 10% Iess Income Tax

31/01/2008
Interim Dividend of 16% less Income Tax

16/10/2008
Final Dividend of 20% less 25% Income Tax

31/03/2009
Single Tier Interim Dividend of 2.0 sen nett per RM0.25 share in respect of financial year ending 31 March 2009

15/10/2009
Single Tier Final Dividend of 2.0 sen per RM0.25 share in respect of financial year ended 31 March 2009

01/04/2010
Single Tier Interim Dividend of 2.0 sen per RM0.25 share in respect of financial year ending 31 March 2010

01/10/2010
Single Tier Final Dividend of 2.0 sen per RM0.25 share

05/04/2011
Single Tier Interim Dividend of 2.0 sen per RM0.25 share

13/10/2011
Final dividend 2.5 sen per share

03/04/2012
Single Tier Interim Dividend of 2.0 sen per RM0.25 share

15/10/2012
Single Tier Final Dividend of 2.5 sen per share

14/11/2012
Distribution of 86,506,546 ordinary shares in its wholly-owned subsidiary company, ELK-Desa Resources Berhad to all shareholders of Unico-Desa by way of dividend in specie on the basis of one (1) ordinary share in ELK-Desa Resources for every ten (10) ordinary shares held in Unico-Desa as at 5.00 p.m. on 19 November 2012 ("Distribution")
71 unico + 7.1 ELKDESA
14/11/2012
Non-renounceable restricted offer for sale of 13,493,454 ordinary shares of RM1.00 each in ELK-Desa Resources Berhad ("Restricted Offer Shares") to the shareholders of Unico-Desa Plantations Berhad on a pro rata basis to all shareholders of Unico-Desa as at 5.00 p.m. on 19 November 2012 at an offer price of RM1.16 per share payable in full on application in conjunction with the listing of ELK-Desa Resources on the Main Market of Bursa Malaysia Securities Berhad ("Restricted Offer for Sale").

30/08/2013
Single Tier Final Dividend of 2.5 sen per share













停止交易


29/11/2013
We refer to the previous announcements made in relation to the Offer.
We wish to inform that the Company has today received a press notice from RHB Investment Bank Berhad, on behalf of IOI Plantation, that the closing date of the Offer has been extended from 5.00 p.m. (Malaysian time) on Monday, 25 November 2013 to 5.00 p.m. (Malaysian time) on Monday, 16 December 2013, being the final closing date of the Offer ("Final Closing Date"). Accordingly, a written notification on the extension of the Offer by IOI Plantation will be despatched to the holders of Unico.
Save for the Final Closing Date, all other details, terms and conditions of the Offer remains unchanged.
AS ANNOUNCED ON 21 NOVEMBER 2013, BURSA MALAYSIA SECURITIES BERHAD (“BURSA SECURITIES”) WILL SUSPEND THE TRADING OF UNICO SHARES WITH EFFECT FROM 9.00 A.M ON FRIDAY, 29 NOVEMBER 2013. IOI Plantation will procure Unico to file an application with Bursa Securities to withdraw Unico's listing from the Official List of Bursa Securities.
Once Unico is delisted, the holders of Unico who have not accepted the Offer will hold unlisted Unico Shares and accordingly, will not be able to realise their investments in Unico Shares through trading on Bursa Securities.
As at 22 November 2013, IOI Plantation had received valid acceptances for 423,638,361 (49.43%) Offer Shares from the holders of the Offer Shares, which resulted in IOI Plantation holding 91.08% of the voting shares of Unico (including those Unico Shares which were already acquired or held by IOI Plantation). The detailed disclosure of the level of acceptances of the Offer as at 5.00 p.m. (Malaysian time) on 22 November 2013 is set out in the attached press notice ("Press Notice").
Please refer to the attached Press Notice for further details.
This announcement is dated 22 November 2013.





Thursday, November 21, 2013

手中有一笔闲钱,该买甚麼股?

首先,先问自己,要怎样的回酬?

每年一定股息,例如 perstim, 每个财政年分两次给共 40sen须扣税股息(25%税可 claim 回来的)。

以它股价RM3.82,  周息率超过 10% 了。

但是,先别急,它是周期循环股,跟国际锡价息息相关,

因此,它的股价不会一路成长,会起会跌。

我的同学,作老师的,教中学。

20年前被抽中 petdag ipo 2零吉多,6粒共花十多千本钱,

收到今天,年年得股息,他没有股息再投资,也没加码,也没有再买其它股,

但是这20年来,petdag 分红股/拆细什么的,他手中已不止 6粒。

今天 petdag 收市于 RM30.52,

简直赛过大众银行云顶。

他从不看财经,也不关心股价。

要不是每几个月收到股息的信(以前是支票)提醒他,他几乎忘了他有买股票。

我们只能羡慕他命水好买到千里马。

问问自己,是否有买过其它千里马,又是否好好把握呢!

还是每天担忧指数太高早早卖了呢!

最理想的长期投资是在盈利每年增加,股息每年增加,股价每年增加的公司。

例如: digi.



备注:找到好股,还得看合理价钱,在适度的安全边际价钱买。






Monday, November 18, 2013

I L B 还剩多少?

看看它最新一季财政报告里的资产负债表:














点击上图放大看。

现金 =  RM76,458,000

欲脱售的资产 = RM356,275,000

这两项是最主要的,加起来共 RM432,733,000.















点击上图放大看。

总票数 = 178,026,000 - 12,969,000(库存) = 165,057,000

它的总负债是 RM220,868,000



RM432,733,000 - RM220,868,000 = RM211,865,000

每股现金 = RM211,865,000 / 165,057,000 = RM1.28

今天它ex 股息 每股 118.93% (每股面值 RM1)

派息后,现金才

RM1.28 - RM1.1893 < 10 sen


耐人寻味的是 liabilities of disposal group classified as held for sale RM94,521,000

这笔债是不是随着欲脱售的资产 (RM356,275,000)被买主接手去还?

由于我不是会计师,只是小散户,只好精打细算,多种可能发生的算。

就当着被买主接手去,

那麼就得从总债务中扣出来。

总债务就少到 RM220,868,000 - RM94,521,000 = RM126,347,000

现金减总债务 = RM432,733,000 - RM126,347,000 = RM306,386,000

每股现金 =  RM306,386,000 / 165,057,000 = RM1.8562

扣今天除权的股息,剩 RM1.8562 - RM1.1893 =  67sen.



总结:如果待售债务 RM94,521,000 被买主接手,

那麼,扣除了所有一切,包括今天除权的特别股息 118.93%,

ILB 还有每股现金 67sen.

而今早它股价处在80sen 左右尚算合理,

但没甚安全边际,不符我投资准则。

如果 ILB 须承当那 RM94,521,000 债务,那麼现金也只剩 10sen 不到。

而今早它股价处在80sen ,有没有被高估,投资家/投机客 心里有数。



备注:以上计算现金资产中,只取主要的来算,所以 10sen 或 67sen 现金只是一个大慨。

读者们可能会拿它与牛比,

guh 派红股后,每股现金 也只63sen 左右,股价在RM1以上。

ILB 股价理应 还可再上吧?

但是 ILB是卖它的生意,所以应该把这点考虑进去。



算错请指点, 可以 shoot, 但谢绝人身攻击。







Saturday, November 16, 2013

make or earn ?

绞尽脑汁,费尽力气,赚些蝇头小利,英文叫 earn money,

轻轻松松赚大钱,making money.

起 1 分,

1,000单位只赚 $10,                  (1 lot earn $10)

10,000单位赚 $100,                  (10 lot earn $100)

100,000单位赚 $1,000,            (100 lot earn $1,000)

1,000,000单位赚 $10,000,  (1,000 lot make $10,000) 散户在此阶段,几万又几万,相当厉害了。

10,000,000单位大赚 $100,000    (10,000 lot make $100,000)

100,000,000单位大赚 $1,000,000 ( 100,000 lot make $1,000,000)


你在那一个层次?

怎样努力?

买 batman? nestle? 还是买 dgsb? 或两者都不是?

 不须告诉我,自己知道自己努力吧!







Wednesday, November 13, 2013

放松

静坐,就是静静的坐住,

脑中浮现思绪,就任它。

不抗拒,不赋予意义,更不要老想把它灭掉,压制。



看台湾偶像连续剧,”幸福选择题“,甜蜜教主王心凌主演,

剧中美女有黄心娣,饰演李怡闵。

俊男谢坤达,饰演何立方。

另一位修杰楷,饰演何立伟。



今天,刚看完 “晚两秒,心自在”,张庆祥著。


许久没去草场慢跑,昨天跑了一圈,心情愉快。


听歌,我车放的都是音乐,没有人唱歌,只是音乐cd,轻松优美的音乐。


朋友,一个人每天最少要有3个小时私人时间做自己喜欢做的事。


不包挂工作,睡觉,冲凉,大小解。

有钱,没时间,不平衡。

没钱,有时间,享受不到。

有钱又有时间,再加上健康身体,正确思想,优良品德,这才是幸福人生。





今晚到此为止,改天再聊。




最有爆发力的炒股 :dgsb

  insas, inari, hohup, frb, microln 都跑了,只有 dgsb 还在 10sen 以下,













点击上图放大

有幸在5sen 与庄家一起累积票的朋友,

目标价多少,心中有数,好好把握手中票。

祝大家好运。


相关文章:


Monday, November 11, 2013

为何鹏发赚幅最高?

在大马上市建筑公司中,为何鹏发赚幅最高(profit margin),

1。鹏发会要求额外支付,如果他们认为有任何变化在工作范围,

2。它们的完工只是可接受的标准,(A-  instead of A ),

3。。。。还有其它因素。。。。。






Wednesday, November 06, 2013

为何巴菲特对鹏发的生意流口水?

先来看看大马挂牌建筑公司的股价:

股价越高,排位越上。





前三名是

1。ptaras

2。ijm

3。gamuda

为何 ptaras 能居榜首。

在这三间公司中,鹏发的资本很少,但是每股盈利却最高,理所当然股价最高。

为何它的每股盈利最高?

大家同属建筑行业,

ptaras 最擅长打桩,

打桩工程不会化很长时间,

工程时间通常9个月完工。

它的老板是个非常精明人,

而且对于建材及用料方面,包括货源价格,非常清楚。

比比看它们赚幅(profit margin):


























ptaras 赚幅每年增加约5%,这是全世界任何一间公司很难做到的,
它2013财政年赚幅30%,

赚幅=100% x 净利 / 营业额
如果净利与营业额相等,赚幅就是100%,
意谓每做一元生意,净赚就是一元,不用本钱似的。

本少多利,它的行政开销管理等一定非常严谨节省。

这样有效率的管理在小公司容易办到,
但是,它的营业额年复年增加,代表它的生意越做越大,它的开销与营业额比例反而下降,
这就是全世界很少公司可办到的。

难怪巴菲特对它垂涎三尺。{:6_371:}


敬请留意后续,还未分析完。

备注:除了以上它的每股盈利增加,还有ROE,  等等。

























Sunday, November 03, 2013

杂交,乱伦

26-3-2012 公司建议发附加股,

4粒原有的dgsb , 配给一粒附加股,另送1粒涡轮,发售价 10sen。

”On behalf of the Board of Directors of the Company, M&A Securities Sdn Bhd wishes to announce that the Company proposes to undertake a proposed renounceable rights issue of up to 338,969,273 new ordinary shares of RM0.10 each in DGSB together with up to 338,969,273 Warrants at an issue price of RM0.10 per Rights Share on the basis of one (1) Rights Share for every four (4) existing DGSB Shares together with one (1) free Warrant for every one (1) Rights Share subscribed at an entitlement date to be determined later by the Board.“


dgsb 的大股东是 formis 公司



上图可点击放大看


formis 的大股东是 red zone dev



上图可点击放大看



inari 的大股东是 insas,   red zone dev 也在 30大之内。





上图可点击放大看


hohup 的大股东是 Low Chee & Sons Sdn Bhd. 股份21.92%
第二大股东是 formis公司,股份 20.59%



上图可点击放大看


microln 的大股东是 formis 公司



上图可点击放大看


insas的大股东是 M&A 投行,dato thong











上图可点击放大看


1-11-2013 收市价:

microln ,code 0126, 股价 62sen

insas, code 3379, 股价 64.5sen

formis, 也即是 FRB code 9008, 股价 76sen

inari,code 0166, 股价 RM1.37

hohup, code 5169, 股价 RM1.83

只有dgsb 才 6.5sen

希望 dgsb 股价很快向它的家族其它成员看齐。65sen.



备注:只是希望罢了,买卖亏盈自负。
























Thursday, October 31, 2013

backhand smash

guh 这几天下跌,我把它解读为庄家要清洗我contra 的票。

自从 guh 建议红股后,

我双管齐下,一部分拿票,一部分contra,

contra 的,我已经进进出出三次了,

很幸运的是,每次都有斩获,而且是在 t + 3天里。

本以为星期一宣布红股 ex 日期,星期二会超过 RM1.80,

guh 的庄家来个林丹式 backhand smash,

股价因此下跌,目的是要清洗 contra 票。

无论如何,这场赛事我一定会奉陪到底,星期五拿票。

下跌空间有限,上升空间遐想无限。

不到目标价,我也会卖的,如果发现到其它更加好的股。(冷眼等都有讲过)

Wednesday, October 30, 2013

马镀锡又再给股息 每股20sen

根据马镀锡最新业绩报告

最新一季每股盈利 11.53sen,

去年同期才赚 5.03sen.

暴增了 100%  x (11.53  - 5.03 ) / 5.03 = 129%

2014财政年累积两季每股盈利 19.33sen



详情请看以下的:




1.    Review of Group performance and current year prospects

        


July - Sep
2013
RM’000
Apr - June
2013
RM’000
July - Sep
2012
RM’000
Apr – Sep
2013
RM’000
Apr – Sep
2012
RM’000
Revenue





   - Malaysia
115,899
96,571
117,571
212,470
242,399
   - Vietnam
56,804
56,523
51,003
113,327
112,824
Consol Adjustment
(1,545)
(893)
(1,702)
(2,438)
(3,478)
Total
171,158
152,201
166,872
323,359
351,745
  





         Profit before tax





             - Malaysia
14,029
3,769
9,056
17,798
7,994
             - Vietnam
5,836
5,306
2,730
11,142
5,460
          Consol Adjustment
(5,704)
410
(5,882)
(5,294)
(5,472)
         Total
14,161
9,485
5,904
23,646
7,982


         Comparison with corresponding period in the previous year

         The Group’s revenue for the current quarter compared to corresponding period in the previous year increased by RM4.3 million (2.6%) due to increase in sales volume despite lower selling price. The Group’s profit before taxation for the current quarter compared to the corresponding period in the previous year increased by more than 100% due to higher profit margin coupled with increase in sales volume during the quarter under review.

         For Malaysia, the Company’s revenue for the current quarter decreased by RM1.7 million (1.4%) as compared to corresponding period in the previous year due to lower selling price despite increase in sales volume. The increase in sales volume was due to higher demand in local market with lower selling price to ensure price competitiveness against importation price. The Company’s profit before taxation for the current quarter of RM14.0 million compared to RM9.1 million in the corresponding period in the previous year was due to higher profit margin coupled with higher sales volume.

         For Vietnam, the subsidiary Company’s revenue increased by RM5.8 million (11.4%) compared to the corresponding period in the previous year due to higher sales volume despite slight lower selling price. The subsidiary Company’s profit before taxation for the current quarter of RM5.8 million compared to RM 2.7 million at the corresponding period in the previous year was due to higher profit margin coupled with higher sales volume.

        
          

  Comparison with preceding quarter

         For the quarter under review, the Group recorded a revenue of RM171.2 million compared to RM152.2 million in the previous quarter. The Group’s higher revenue was due to higher sales volume coupled with higher selling price. The Group recorded a profit before tax of RM14.2 million compared to RM9.5 million in the previous quarter. The higher profit before tax was due to higher profit margin coupled with higher sales volume.


         For Malaysia, the Company recorded a revenue of RM115.9 million as compared to RM96.6 million in the previous quarter. The Company’s revenue was higher due to higher sales volume coupled with slight higher selling price. The Company recorded a profit before tax of RM14.0 million compared to RM3.8 million in the previous quarter. The higher profit before tax was due to higher profit margin coupled with higher sales volume and dividend income from subsidiary company during the quarter under review.


         For Vietnam, the subsidiary Company recorded a revenue of RM56.8 million as compared to RM56.5 million in the previous quarter. The subsidiary Company’s revenue was slightly higher due to higher selling price despite lower sales volume. The Company recorded a profit before tax of RM5.8 million compared to RM5.3 million in the previous quarter due to higher profit margin despite lower sales volume.



Current year prospects

The Board of Directors expects the Group’s operating environment to remain challenging and competitive due to greater presence of importation from China and Korea as well as the economic downturn in global market. Although these factors will affect the growth and profitability of the Group, however the Management is embarking on cost saving activities and confident that the profitability of the Group for the financial year ending 31 March 2014 will be maintained.





主要竞争是来自中国,韩国进口的倾销锡,

它的对策是节省不必要的开销。


30 Sep 30 Sep
2013 2012 2013 2012
RM,000 RM,000 RM,000 RM,000
Revenue      171,158     166,872       323,359       351,745
Cost of Sales     (154,336)    (156,396)     (293,753)     (334,643)
Gross profit        16,822       10,476         29,606         17,102
Other Income          2,266         1,521           4,085           2,828
Distribution expenses         (2,261)        (3,146)         (4,366)         (5,848)
Administrative expenses         (2,392)        (2,628)         (4,902)         (5,449)
Other Expenses            (192)           (213)            (616)            (438)
Profit from operations        14,243         6,010         23,807           8,195
Finance cost              (82)           (106)            (161)            (213)


能节省多少,看看以上的红色数字吧,2012年与2013年同期对比,不多吧!

它真正大赚的原因是国际锡价走高,锡价从谷底反弹上来。


请看以下图表:

国际锡价近三年走势:



吉隆坡锡价近三年走势:



马镀锡近三年股价走势:













perstim 总票数 99,305,000

现金 81,699,000

每股现金 = 81,699,000 / 99,305,000  = 82sen per share

13-11-2013 ex 过每股 20sen,. 还有 62sen per share.

如果只是少赚没亏,明年依然派得起 全年 40sen 股息。

所以,还能收它多一年。

如果公司没钱,怎可与它长相守谈恋爱,no money no talk。