Highlights
KLSE : CSCENIC       CLASSIC SCENIC BHD
Last Price Today's Change   Day's Range   Trading Volume
1.21   0.00 (0.00%)  1.20 - 1.23  204,500
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Overview

Board:Main Market
Sector:Consumer
Avg Volume (4 weeks):137,268
4 Weeks Range:1.18 - 1.23
52 Weeks Range:1.11 - 1.43
Average Price Target:-

Headlines



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  5 people like this.
 
ImCK count down for USD strenghting
14/07/2015 17:11
Investeye Price was not moving up due to previous executive director disposed his share, else with export-oriented company, weaken of RM, more than 95% export to northern America and payout dividend rate of >90%, price should be at least RM1.40++
18/07/2015 17:57
Investeye Still confident this share will perform... Especially during this market uncertainty.
21/07/2015 23:23
Investeye Further accumulated some lots at RM1.20 when it still low
24/07/2015 15:16
Investeye Look likes former executive director still selling his share.. Anyway as long as the result is good, still good to accumulate.
24/07/2015 21:08
ImCK yes they export 70% to u.s north america usd rise incoming quater result will see the bright
28/07/2015 15:18
Chee Kiat Phang 1% stronger of USD can cause 0.9% increase in sales, and +3.8% of profit. since at least 90% dividend payout, we have higher chance to get "growing" dividend. 3rd quarter is the strongest quarter for Classic scenic because major customers from america need to order stocks for Christmas.
28/07/2015 16:22
Chee Kiat Phang most investors dont realise this is a furniture counter because it is producing wooden photo frames and they even don't know its profit margin is 1 FOLD more than other furniture company
28/07/2015 16:28
Investeye This is one of the most confident counter for me for mid/long term due to:
- >98% are export to US (about 80%), Aus (6%), Japan(5%) & Europe (about 5%)
- One of most nenificial from weak RM as most of the material is local except the Ink & paint
- In fact no debt, cash reserve about RM20mil, profit is about 10 mil every year
- Profit margin is about 17%!
- Ride on the economy recoverly in US..so Fed rate hike is no impact as 80% from US
- See some activities on it business especially to venture in down& up stream industries to enhance it business prospective or lower the material cost!
- Good dividend pay out
- Present price is low and consider cheap



(吉隆坡14日讯)木制相框制造商林吉灵集团有限公司(CSCENIC,7202,消费产品组),现正等待市场环境获改善后,乘势进军上游和下游业务。

该集团的80%收入来自美国市场,使它在2008年的全球金融危机期间受到严重打击。因此,现正期待着当地出现经济复苏。

林吉灵集团财务总监林金丽说:“我们将会在市场上推出更多创新和可销售的木制相框。此外,我们将放眼上下游企业,主要是在短至中期内关系到我们的核心业务。”

在拓展上游业务中,她表示:“我们有意在雪州乌鲁音一幅自己拥有的土地上设立一座锯木厂。”

该集团目前正在为锯木厂申请相关许可证,期望能够在1至1年半的时间内开始营运。

林氏称:“上游业务的资本支出预算大约是200万至300万令吉,而投资期限将会超过2年。”

它是希望通过进军上游业务来节省木材成本,目前该成本约占产品售价30%。

她指出:“通过采购原木代替锯木,我们相信成本能够降低至少15%至20%,因为从原木锯开木材的尺码可以充分利用。”

林氏补充,锯木通常是比较昂贵,因锯木厂将木材废料计算入售价内。

与此同时,进军下游业务将会看到林吉灵集团开始生产木制框架。

她透露:“目前,我们生产8至11英尺的木制相框,并将它们出口至定制框架零售商或分销商,因为它们可付出较高价格。”

“短木板通常用于制造框架。因此,在采购原木时,我们的木材成本会下降,这将使我们较具竞争力,以及能有效地开拓新市场。”

然而,林氏补充,资本支出不会显著影响公司的现金状况,以及支付股息的能力。

在截至2015年3月31日止,该集团的现金及流动资产企于2070万令吉。它虽然没有银行贷款,但是目前的应付账款达160万令吉,而财务负债则达170万令吉。

过去6年,林吉灵集团一直将逾90%的净利润作为派息,不过目前它将派息比率降至50%。

在截至2014年12月31日止财政年度,该集团的净利按年增长11%至1010万令吉,而营业额则上升至5840万令吉。平均而言,它的净利润率达17%。

据她表示:“我们超过80%的收入来自美国市场,其次是澳洲(6%),以及日本(5%)。”

单在美国市场,仅3大客户的订单就占了34%的集团总营业额,这些客户皆是家居装饰零售商,它们分别是迈克商店、Hobby Lobby商店和拉森朱尔商店。

林氏说:“鉴于美国经济环境获改善,我们将会继续专注当地市场,然而其他地区的经济依然疲弱。”

她补充,美国仍是我们的木制相框最大和最有利可图的市场。

林氏称:“美国经济是由消费者支出所驱动,目前还没有完全从2008年金融危机中复苏;但我们相信,随着家庭的资产负债表转强,以及房屋市场获改善下,市场环境将会变得更有利;加上失业率走低,使到消费者支出和零售销量回升。因此我们通过创新产品,乘着这些宏观机会进一步拓展美国市场。”
30/07/2015 10:35
Chee Kiat Phang if Q3 EPS is 3sen (may be more than that), then dividend declared for this half year would be "5sen", total is 4+5=9sen for financial year 2015, which is 7.4% dividend yield.
30/07/2015 13:51


 

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