Highlights
KLSE: BONIA (9288)       BONIA CORPORATION BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.60   0.00 (0.00%)  0.595 - 0.60  606,700
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Overview

Market Cap: 485 Million
NOSH: 808 Million
Avg Volume (4 weeks):476,015
4 Weeks Range:0.595 - 0.665
4 Weeks Price Volatility (%):
7.14%
52 Weeks Range:0.54 - 0.74
52 Weeks Price Volatility (%):
30.00%
Average Price Target: 0.62
Price Target Upside/Downside: +0.02

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2017[#4]  |  30-Aug-2017
Next QR | Est. Ann. Date: 30-Sep-2017  |  28-Nov-2017
T4Q P/E | EY: 15.28  |  6.54%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.54  |  1.11
T4Q NP Margin | ROE: 6.43%  |  7.27%

Headlines

Date Subject
17-Nov-2017 M+ Online Technical Focus - 17 Nov 2017
17-Nov-2017 Daily Market Update - 17 Nov 2017 (BONIA, CRESBLD)
09-Oct-2017 M+ Online Technical Focus - 9 Oct 2017
04-Oct-2017 宝利机构试叩73仙/敏源
19-Sep-2017 Daily Technical Highlights - (BONIA, PETRONM)
06-Sep-2017 Traders' Corner - Bonia Corporation (BON MK)
05-Sep-2017 Bonia - Caps year with a turn
05-Sep-2017 Bonia (HOLD, Upgrade) - Better Margin Weather Through Weaker Sales
05-Sep-2017 Mplus Market Pulse - 5 Sept 2017
26-May-2017 Bonia Corporation - Not out of the woods yet
26-May-2017 Bonia (SELL, maintain) -Still suffering from weak sales
15-Mar-2017 M+ Online Technical Focus - 15 Mar 2017
09-Mar-2017 TECHNICAL BUY - BONIA (9288)
14-Feb-2017 [转贴] 一个家族一条心 齐搭建坚固墙垣 BONIA缔造企业神话
15-Dec-2016 Technical Buy: BONIA (9288)
30-Nov-2016 盈利逊色.宝利写近5个月低点
29-Nov-2016 Bonia (SELL, maintain) - Slow start to FY17
23-Nov-2016 PublicInvest Research Headlines - 23 Nov 2016

Business Background

Bonia Corporation Berhad is an investment holding and management company. It has three segments: retailing, which is engaged in designing, promoting and marketing of fashionable apparels, footwear, accessories and leather goods; manufacturing, which is engaged in manufacturing and marketing of fashionable leather goods, and investment and property development, which is engaged in investment holding and rental and development of commercial properties. Its subsidiaries include CB Marketing Sdn. Bhd., Eclat World Sdn. Bhd. and CB Franchising Sdn. Bhd. In August 2011, it acquired VISTA ASSETS SDN BHD. On September 12, 2011, it incorporated a wholly owned subsidiary, Paris RCG Sdn Bhd. On September 19, 2011, it incorporated a subsidiary, FR GALLERY SDN BHD. On September 18, 2011, it incorporated PT BANYAN CEMERLANG. On November 29, 2011, it announced that its wholly owned subsidiary CRG Incorporated Sdn Bhd, incorporated CRI SDN BHD (CRI).
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  12 people like this.
 
Baharuddin Ishak Bonia Corp Bhd's 4QFY17 net profit jumped 103.2% Y.o.Y to RM7.7 mln on improvements in gross profit margin and lower fair value adjustments on investment properties. Revenue for the quarter, however, dropped 4.0% Y.o.Y to RM153.4 mln.
For FY17, cumulative net profit gained 30.2% Y.o.Y to RM31.7 mln. Revenue for the year, however, fell 8.5% Y.o.Y to RM613.2 mln. (The Edge Daily)
05/09/2017 16:01
BigPro Nice closing,,, 2 days green and this will continue in next 2 to 3 weeks.
06/09/2017 17:44
chickenrice99 sell car, sell house, sell wive BUY BONIA!! Padini combine Bonia (4.25 + 0.62) = TP:4.87!!
07/09/2017 08:00
Justice Bao Bonia high profit margin. Worthy of investment.
07/09/2017 20:23
calvintaneng Bonia?

YESSS!

BONUS!!!

The 2nd Padini

ALL HAPPY NOW!!
08/09/2017 02:26
posby http://www.thestar.com.my/business/business-news/2017/09/09/bonia-shows-signs-of-improvement
10/09/2017 15:58
Seek Good one, Calvin. The continuous buy in by the major shareholders was a good indicator of a safe buy!
10/09/2017 20:00
3iii Major shareholders bought significant amounts of shares below 58 sen.

This company is generating good cash flow yields.

Has shown increasing profits over the last 3 quarters.

Management has focus on the bottom line, chopping off the loss making and less profitable entities.
11/09/2017 09:37
calvintaneng bonia = bagus nia
11/09/2017 14:28
posby buy @ director price..no worries.....haha....gogogo...0.75 in the making..
11/09/2017 15:58
Erie Tmrw continue up until reach .75..nice
11/09/2017 16:38
BigPro Nice closing.... will continue up trend.
12/09/2017 17:29
bichrome84 Tp 1.00
12/09/2017 23:53
BigPro Profit taking... It will go up.. Buy when it still low...
13/09/2017 12:23
Hk Wong i think with the creador in Bonia, shall be good
13/09/2017 16:15
CUTLOST chances to buy back at 61.0 after unloaded at 65.5
19/09/2017 16:55
apolloang aiya still 63cts....tell me when is 55cts I will buy
19/09/2017 16:58
SmartyAlek someome is collecting
26/09/2017 13:05
Hk Wong Bonia starting to look attractive
Esther Lee
/
The Edge Malaysia

September 27, 2017 15:00 pm MYT

This article first appeared in The Edge Malaysia Weekly, on September 18, 2017 - September 24, 2017.
-A+A
SHARES in Bonia Corp Bhd rose with renewed vigour after the fashion retailer reported better-than-expected fourth-quarter results on Aug 30. Between then and Sept 12, the stock rose 17.7% to 66.5 sen.

Bonia’s net profit for the fourth quarter ended June 30 doubled to RM7.68 million from the previous corresponding period, which saw the group close FY2017 with a year-on-year earnings growth of 30.2% to RM31.73 million.

The group attributed its improved bottom line to the higher gross profit margin it achieved during the year, thanks to its continuous effort to control operating costs.

This was despite revenue slipping 4% year on year to RM153.39 million as the group consolidated its non-performing outlets and consignment counters.

The marked improvement in its net profit prompted AmInvestment Bank Research and CIMB Investment Bank Research to upgrade their recommendation on the stock to “buy” from “hold”. Affin Hwang Investment Bank Research maintained its “hold” call on the counter.

As Bonia turns the corner, its stock could start looking attractive to investors, given its comparatively cheaper valuations.

At 64 sen last Thursday, Bonia was trading at a trailing 12-month price-earnings ratio of 16.28 times — below that of its peers Padini Holdings Bhd (19.02 times), Hai-O Enterprise Bhd (27.35 times) and AEON Co. (M) Bhd (36.2 times). Parkson Holdings Bhd is loss-making.

The fashion retailer has been through some difficult times in recent years with the ringgit weakening against the US dollar and driving up the cost of goods, and the implementation of the Goods and Services Tax hurting consumer sentiment.

However, a change in strategy this year and less volatile foreign exchange rates seem to have helped Bonia regain its footing.

The company has been consolidating its operations by shutting down non-performing stores and consignment counters. AmInvestment estimates that Bonia has closed 22% of its consignment counters, leaving only 984 counters open as at 4QFY2017.

Also, instead of offering bigger discounts to drive sales as it did in the previous financial year, Bonia has been adjusting its pricing strategy by introducing higher-margin products and reducing the discounts, especially for its upmarket brands Bonia and Braun Büffel.

AmInvestment highlights in a research note that the company’s gross margin for FY2017 improved by 3.5 percentage points to 58.6% on the back of higher average selling prices (ASPs).

“Recall that margins contracted to a multi-year low in FY2016 (55%) from an average of 61%, off the back of higher US dollar-led input costs. Given the stability of foreign exchange rates, there may be an upside for margins should management raise ASPs further in FY2018.

“Apart from that, we expect the cost-savings associated with the closure of 22% of its consignment stores to trickle down to its earnings before interest and taxes (Ebit) margins going into FY2018,” says the research house.

CIMB opines that the better earnings are also a result of better cost control and lower advertising and promotional expenses during the year.

The research house says the highlight of FY2017 is the growth of Bonia’s Indonesian business, which it believes is becoming a significant contributor to the group’s sales and earnings.

According to Bonia’s 2016 annual report, Indonesia contributed 2.9% to the group’s revenue in FY2016. CIMB estimates this to have grown to 6.3% in FY2017. “This is mostly because of the opening of additional Braun Büffel boutiques and 23 counters in Indonesia in September last year,” it says.

While analysts appear optimistic about Bonia’s prospects going forward, the group is a bit more conservative. In its 4QFY2017 results announcement, the group says it expects prospects to remain challenging going forward, given the uncertain economic outlook.

“With the continued increase in imported merchandise cost due to the weakened ringgit, the group will continue to monitor its operating cost and cautiously adjust its selling price to cope with the rising cost of operation.”

Bonia adds that it will also continue to consolidate its business by closing down non-performing outlets and strive to improve its gross margins. At the same time, it plans to develop and strengthen its markets in Indonesia, Vietnam and some of the Middle Eastern countries.

Though the group remains cautious, there is some good news for it.

The Consumer Sentiments Index inched up to 80.7 points in 2Q2017, rising for the third consecutive quarter, although it is still below the 100-point threshold.

At the same time, July’s Volume Index of Wholesale and Retail Trade — a key indicator of real private consumption — maintained its double-digit pace, growing 12.9% year on year for the fourth straight month, according
02/10/2017 16:10
SmartyAlek next stop 66c
03/10/2017 12:17
SmartyAlek got buy got hope
03/10/2017 12:19
SmartyAlek try to buy till 66c today
03/10/2017 13:21
Seek Wow, another Calvin pick?
03/10/2017 15:35
BigPro nice closing,,,
03/10/2017 17:24
calvintaneng VERY GOOD!!
03/10/2017 19:29
michaelgoh Still flying , good news coming?
04/10/2017 13:14
getonwithit Dividend announcement due soon right? 1 sen or something like that usually
04/10/2017 13:31
ksng0307 cup with handle, sure fly
04/10/2017 15:18
BigPro Dividen announcement
http://mobapp-plain.klsescreener.com/v2/announcements/bursa_announcement?directUrl=http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2797393
12/10/2017 18:48
Tze Xin Tze Yiu Good divided ?
13/10/2017 09:30
BigPro 1.25 Cent or RM0.0125 Consider reasonable...
13/10/2017 10:28
leslieroycarter Comparable to padini....if calculated based on stock price n its multiple of 7 which will equate to padini . Since it’s PE is 16 but padini PE closing to 20 . Bonia is a better bet now. Both padini n bonia are reaching its top n sensing that the corrections will be imminent , thus it is better to wait when it’s PE getting lower will be a better chance to buy.
18/10/2017 16:48
apolloang padini own by crooks,bonia own by retailers.....that's why crooks only got power to push it up,bonia many retailers own one no power to push. interest rate low so crooks keep lending to push,retailers cannot go lend to push
18/10/2017 17:59
wafiy0123 Anyone can teach me how to calculate the dividend ? Still new hehe
22/10/2017 02:36
Oreo Oreo @wafiy, no. of shares u own * price of div( 0.0125). Hope I answer your doubt.
22/10/2017 07:04
wafiy0123 Thanks a lot @oreo oreo... btw any good news related to bonia except the dividend ? Bcoz i see the last candle is abandoned baby maybe will hv gap up on monday
22/10/2017 10:02
Tze Xin Tze Yiu I got 50k lots so 50* 0.0125 , so diveden about rm625
22/10/2017 18:36
wafiy0123 Thanks tze xin (:
23/10/2017 00:13
Oreo Oreo @wafiy0123, sorry mate, I didn't do any analysis on bonia. just happened to see your doubt in forum and replied u
23/10/2017 08:20
wafiy0123 Hahaha...okay2 btw thanks
23/10/2017 08:53
Hk Wong bonia starting up
26/10/2017 15:32
27/10/2017 11:26
Js Goh Directors selling?
31/10/2017 18:14
BigPro This is stock market buy n sell is normal for all base on own reasons....
01/11/2017 12:29
Eric Fong Actually directors selling is a very bad example for shareholders.
They themselves also not confidence on its own company.
And earn money from the share market not from the products they doing.

But after all, we will say this is a free market so buy and sell is normal for some reason.
02/11/2017 01:02
Muhammad Saifuddin Year end sale.
Mana outlet yang tak kencang akan ditutup.
Next quarter p.e below 10.
Director sedang berusaha mengecilkan saiz floating.
05/11/2017 04:12
Parkson8888 Parkson better bet. Parkson also got sell Bonia brand. Parkson director no need to sell shares for pocket money.
11/11/2017 12:59
CUTLOST 50cts coming
15/11/2017 09:44
beach relaxing mode Invested enough in BONIA.


Happy investing tomorrow. Happy weekend!
16/11/2017 16:57
GGecko BONIA's v sustainable today, going against market trend
16/11/2017 16:58


 

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