Highlights

IMPULSE WAVE

Author: emmcee   |   Latest post: Wed, 24 Oct 2018, 11:09 PM

 

KIM TECK CHEONG (KTC) TURNAROUND FINANCIAL YEAR 2019???

Author: emmcee   |  Publish date: Wed, 24 Oct 2018, 11:09 PM


 

   

 

(i) Establish a new distribution centre in Brunei On 1 March 2017

-The built-up area and capacity of the new warehousing facility are estimated to be approximately 18,000 square feet (“sq. ft.”) and 916 pallets respectively, which is 3 times bigger than the existing capacity.

 

(ii) Acquisition of warehousing facilities in Kuching, Sarawak On 28 February 2017

-This additional warehousing facilities and office would have a built-up area of approximately 39,000 sq. ft. and 6,000 sq.ft. respectively.

 

(iii) New warehousing facility in Kota Kinabalu, Sabah completed Dec 2017

-have an estimated built-up area of approximately 34,746 sq. ft. with 10 load/unloading bays and a capacity of 3,920 pallets.

 

QUARTER 4 FINANCIAL YEAR 2018 REPORT

The Group’s revenue experienced a reasonable level of revenue growth. There has been positive demand for its consumer-packaged goods. The Group’s revenue for Q4 2018 increased by RM14.33 million or 11.74%, from RM122.07 million to RM136.39 million, as compared to the immediate preceding quarter ended 31 March 2018 (Q3 2018).

The increase in revenue was mainly due to increase in revenue contribution from its

operations in Sarawak from RM44.19 million (Q3 2018) to RM53.25 million (Q4 2018),

operations in Sabah from RM55.67 million (Q3 2018) to RM60.29 million (Q4 2018) and

operations in Brunei from RM 20.26 million (Q3 2018) to RM20.46 million (Q4 2018).

The Group’s profit before tax in Q4 2018 is RM 5.40 million compared to a loss in Q3 2018 RM9.65 million. The profit is due to increase in revenue and streamline of operating costs.

 

COMPANY PROSPECT

Secured distribution contracts in Quarter 3  FY 2018 and the momentum and are expected to continue to contribute positively to Group’s revenue moving forward:

(i) Nestle Products Sdn Bhd for Nestle grocery products to cater for the modern trade channel in Brunei;

(ii) Heineken Marketing Malaysia Sdn Bhd for Kuching, Sibu and Sri Aman in Sarawak;

(iii) L’Oreal Malaysia Sdn Bhd for L’Oreal consumer products under the brands of “L’Oreal Paris”, “Maybelline” and “Garnier” for Sabah, Labuan and Sarawak;

(iv) Oriental Food Industries Sdn Bhd for Sabah and Sarawak;

(v) Sincere Match & Tobacco Factory Sdn Bhd for Sabah, Sarawak and Brunei;

(vi) Power Root Marketing Sdn Bhd for Kuching, Sibu, Miri and Bintulu; and (vii) Oriental Food Marketing (M) Sdn Bhd for Kuching, Sibu, Miri and Bintulu.

PREDICTION

Currrent market cap around 70 million and let assume for Financial year 2019 company can achieve profit 2.5 million per quarter which equivalent to 10 million per year. Based on 12.0x PER , market cap can achieve 120 million.

 

TECHNICAL PERSPECTIVE

 

1. Downtrend line was broke which indicate the worst is over. 

2. Stochastic was oversold.

3. 50days SMA cross 200days SMA.-bullish signal

3. Suggest entry 0.14 ,cut lost below 0.125 and  target 0.24 to 0.25 in 1 year timeframe. Potential return 70%. 

 

 

Labels: KTC
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BJFOOD PARTNER WITH PLUS TO OPEN MORE OUTLET NATIONWIDE

Author: emmcee   |  Publish date: Sat, 6 Oct 2018, 2:20 PM


    

PLUS Malaysia Berhad (PLUS) on 5 October 2018 signed up 10 major food and beverages brands in an effort to revolutionize its rest and service areas (R&R) on its highways to meet today's customers' expectations and preferences.

The brands, Starbucks, Krispy Kreme, Harold's Bread, Mohd Chan, Famous Amos, A&W, Dunkin Donuts, MyNews, Kenny Rogers and Line Clear will play a crucial role in enhancing travel experience for PLUS customers and at the same time, drive business growth for other business partners at the R&Rs.

http://www.plus.com.my/index.php?option=com_content&view=article&id=726%3Atransforming-highway-rest-areas-plus-collaborates-with-major-fab-business-partners&catid=1%3Apress-releases&Itemid=69&lang=en

 

 STRONG SHARE BUY BACK BY COMPANY 

From 20 July 2018 until 5 October 2018 total share buy back increase from 5,169,540 to 16,880,000 which represent an increase of 226.52%. This can describe that management have high confident on future prospect of BJFOOD.

 

TECHNICAL SHOW UPTREND JUST BEGIN WITH HEAVY VOLUME

Below is the weekly chart for BJFOOD.

Volume increase with smart money in and with bullish candle for couple of weeks.

Target MACD blue line will cross red line soon.

 

Labels: BJFOOD
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qqq3 no more cheap hawkers in future?
06/10/2018 3:48 PM
qqq3 no more cheap hawkers in future?

be careful, or the voters will vote u out.
06/10/2018 3:49 PM
icn88 Once analyst giving more coverage....price may rocket up.
06/10/2018 6:02 PM
lizi Us dollar goes up, cost for bjfood goes up.
07/10/2018 7:22 AM


 

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