New Insight SabahAn undervalued laggard. Trading below its 0.50 sen par value and NTA of 0.72. It hasn't yet declared any dividends for this year. Nine-month net profit of 2.020m has decreased by half.
Liew Chee KhongVOIR business is divided into 3 segments; apparels, footwear & accessories, food & beverage, beauty & wellness.
Its retailing business (apparels, footwear & accessories) revenue increased marginally by 3.5% in 2012 compared to last year but PBT declined by 13%. In 2011, its revenue increased by 8% but PBT also declined by 2.7%. The margin squeeze in this segment is getting worse and top line growth has decelerated.
The food & beverage segment performance is not well. Though it has 87% top line growth from 2010 to 2011, its losses has widen from RM 78K to RM 199K. In 2012, its revenue dropped by 20% and its losses hit RM 2.3mil. This segment has pulled the overall performance down. It needs to get RM 10.5 mil revenue per annum to break-even.
Finally, VOIR has ventured into beauty & wellness segment in 2012. It managed to get RM 45K revenue and incurred a loss of RM 537K.
In summary, it experience a margin squeeze in its retailing segment, unable to break-even in food & beverage and a big question mark (?) on its beauty & wellness business segment.
From 2010 to 2012, its EPS has reduced by half from 6.41 to 3.24 likewise ROE also slide from 9.71% to 4.38%. Even though its price to book 0.57 (0.415/0.73) as at 30/6/13 look attractive, its business fundamental has deteriorated and unable to perform. Its 2 quarters result ended 30/6/13 has incurred after tax losses of RM 1.2 mil.
If the current trend were to persist, VOIR will face difficulty to expand, pay dividends or even servicing its debts in future.
With Bank Negara clipping on credit debt and personal loans, growth in credit consumption will decelerate. It will be an uphill task for the management of VOIR to rejuvenate the business.
siewtengHello, Can i know what is Vior Holding Berhad for the Poter's 5 forces and SWOT analysis? i really need someone can give me a hand to help. Thank You.
爱丽丝 梦幻世界Free 1 warrant for every 2 existing share. No of share for voir 120m. Any comments?
Contrarian101The Board of Directors of Vista Lestari (“Board”) wishes to notify that the Company had issued the letter of offer in respect to the Proposed Acquisition (“Letter of Offer”) to the Vendor on 29 February 2016, of which the Letter of Offer, on even date, had been accepted by the Vendor.
Pursuant thereto, the Board hereby notifies the potential obligation of Vista Lestari to extend a mandatory take-over offer in accordance to Section 218(2) of the Capital Markets and Services Act, 2007 and Section 9(1), Part III of the Malaysian Code on Take-Over and Mergers, 2010 (“Code”), to acquire all the remaining Voir shares and warrants other than the Sale Shares and Warrants under the Proposed Acquisition, upon the SPA becoming unconditional.
Contrarian101Chairman of Vista Lestari, Dato' Zarul Ahmad also heads Consortium Zenith BUCG Sdn Bhd which was recently awarded a RM6.3 billion contract to build the undersea tunnel in Penang linking the island and the mainland, plus three intraisland expressways.
speakupMAY DAY! MAY DAY! takeover price at 50sen only! SELL! NOW!