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KLSE: CJCEN       CENTURY LOGISTICS HOLDINGS BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.425 0.50     +0.075 (17.65%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
28/02/2019 0.45 0.42 -0.03 (6.67%) SELL PUBLIC BANK Price Target News
28/02/2019 0.45 0.50 +0.05 (11.11%) HOLD MAYBANK Price Target News
28/02/2019 0.45 0.49 +0.04 (8.89%) SELL KENANGA Price Target News
28/02/2019 0.45 0.53 +0.08 (17.78%) HOLD Affin Hwang Capital Price Target News
29/11/2018 0.50 0.52 +0.02 (4.00%) HOLD KENANGA Price Target News
23/11/2018 0.485 0.53 +0.045 (9.28%) HOLD PUBLIC BANK Price Target News
15/11/2018 0.505 0.53 +0.025 (4.95%) HOLD Affin Hwang Capital Price Target News


Price Target Research Article/News (past 6 months)
28/02/2019  PUBLIC BANK CJ Century Logistics Holdings - Hit By Margin Compression
28/02/2019  MAYBANK CJ Century Logistics - 4Q18 Below Expectations
28/02/2019  KENANGA CJ Century Logistics Holdings - FY18 Missed Earnings; Cut To UP
28/02/2019  Affin Hwang Capital CJ Century - Below Expectations
29/11/2018  KENANGA CJ Century Logistics Holdings - Unexciting Near-term Outlook
23/11/2018  PUBLIC BANK CJ Century Logistics Holdings - Dragged By Courier Segment
15/11/2018  Affin Hwang Capital CJ Century - Below Expectations



  8 people like this.
 
davejl wow..sudden bump in the share price!!
20/08/2018 10:30 AM
Lim Tek Wai Good profit, able to buy more nasi lemak already hehehe
20/08/2018 10:46 AM
James Ng https://klse.i3investor.com/blogs/general/170295.jsp
[转贴] [CENTURY LOGISTICS HOLDINGS BHD,2018年物流业仍将面临挑战] - James的股票投资James Share Investing
20/08/2018 11:25 AM
Invest_168 当股价大跌了一轮,投资价值也浮现了,买了就好好收着,耐心等待收成。不必让市场一些杂音所困扰!
21/08/2018 12:21 AM
Striker90 If you believe in logistic growth, can invest TNLOGIS as well
21/08/2018 9:41 AM
Striker90 http://www.theedgemarkets.com/article/jdcombacked-china-logistics-property-eyes-coinvestments-expand-cut-expenses
23/08/2018 10:17 PM
L2 Courier takes flight wef 01SEP2018.

PURCHASE OF COURIER ASSETS BY CJ CENTURY LOGISTICS SDN. BHD. ("CJCL") FROM CJ KOREA EXPRESS MALAYSIA SDN. BHD. ("CJKX")

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=89107&name=EA_GA_ATTACHMENTS

1.2 ....CJCL will assume the entire last mile delivery services of CJKX with effect from the Completion of the SPA.
24/08/2018 6:56 PM
lanciao Go die
27/08/2018 2:31 PM
godhand Sexay
28/08/2018 1:45 PM
Mann5688 Loss die
09/09/2018 2:30 PM
lanciao 买到这间logistics吐血
13/09/2018 10:00 PM
Nicholasming91 看来你给人 con 了
13/09/2018 10:01 PM
lanciao 蓝交公司
13/09/2018 10:14 PM
imlearning I'm bleeding ,what a sucks counter
18/09/2018 11:05 PM
Striker90 http://www.chinapress.com.my/?p=1367065
30/09/2018 3:59 PM
davejl I just saw a programme on 8tv, cjwowshop with the cj logo. anyone has any idea how this programme relates to the company?
17/11/2018 1:15 PM
commonsense Those that are invested in this company will need to be a bit patient when expecting a higher PAT.

I believe that the jump in the profit level will only come once the multi storey warehouse is completed which is expected sometime in 3Q19. The warehouse will increase the company's courier capacity from the current 10,000 parcels/ day to up to 200,000 parcels/day. Breakeven can be achieve when the company reaches 100,000 parcels/ day. Currently the division is still in the red wit EBIT of -RM4.91mil. Expect higher losses until the completion of the warehouse.

The company has actually been able to grow the other 2 main division (Total Logistic and Procurement Logistic) at a combine rate of 43%. However this comes at an expense of margin (drop from a combine of 7.9% Ebit margin to only 6.1%) due to very high competitive logistic market (did not help that some platform owners like Lazada has started their own logistic services).

With all this in mind investors need to be prepare for a lower PAT in FY19 vs FY18. I am targeting a PAT of RM10mil in FY19 vs RM12mil for FY18. In terms of PE this translate to a Fwd PE of 19.1x.
But do take not, most analyst expect profit to grow in 2021 onwards (assuming completion of warehouse, 100k parcel per day for courier service and not so high margin compression for the total and procurement logistics businesses).

Those that are invested in the company will need to be patient and need to look beyond 2021. Management has track record of delivering revenue growth in the past.

For those that have shorter investment horizon, i would suggest them to find companies that could offer earnings growth in 2019.

With that in mind, i recommend them to look at MBMR. The company is a direct proxy to Perodua via its 22.6% interest. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already at RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17.

Please go through analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.


Good luck.
03/12/2018 10:58 AM
Ggll9999 New low again
19/12/2018 2:18 PM
lanciao Wtf 买到烂股
20/12/2018 1:23 AM
imlearning 我已經虧死了,什麼時候才回本?
02/01/2019 9:53 AM
Mann Ng a little bit up~~~
09/01/2019 12:20 PM
lanciao 很难啦这粒股票 没买的还是不要买好啦
09/01/2019 11:20 PM
myrKing hope this counter will return good profit after a few years
22/01/2019 5:19 PM
lanciao 给他斗长命
13/02/2019 9:21 PM
imlearning 真的很慢,虧死了。
20/02/2019 11:41 AM
25/02/2019 2:45 PM
stocking Start moving now, someone is playing
27/02/2019 4:34 PM
shpg22 Probably limit down tomolo
27/02/2019 7:29 PM
lanciao Tomorrow fly liao
28/02/2019 12:02 AM
lanciao Fly to holand
28/02/2019 12:02 AM
hornbill RIP
28/02/2019 12:25 AM
stocking many will be surprise at the end of the week
28/02/2019 8:56 AM
Chengheng Lee What happened?
28/02/2019 9:03 AM
Foogo90 Stocking what happen
28/02/2019 9:25 PM
yhlim93 Many buying acitivities, time to fly?
07/03/2019 12:44 PM
lanciao 希望
不要飞去荷兰就好了
韩国老买了到现在都看不到路。
07/03/2019 11:21 PM
notanking flying liao
13/03/2019 11:51 AM
uptrending SOURCE AR 2018 NOTE 32

NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
CJ CENTURY LOGISTICS HOLDINGS BERHAD
(Formerly known as CENTURY LOGISTICS HOLDINGS BERHAD)
(Company No. 424341-A)
32. SEGMENTAL INFORMATION (cont’d)
Segment Revenue and Results
The Group
Total............ Procurement
Logistics.....Logistics..... Courier
Services......Services..... .Services.. Elimination Consolidated RM’000 RM’000 RM’000 RM’000
RM’000
2018
REVENUE
External sales 258,526 130,956 11,516 – 400,998
Inter-segment sales 2,892 109 – (3,001) –
Total revenue 261,418 131,065 11,516 (3,001) 400,998
RESULTS
Segment results 11,786 9,435 (6,743) 766 15,244
Interest income 2,599 126 – (2) 2,723
Profit/(Loss) from operations 14,385 9,561 (6,743) 764 17,967
Finance costs (3,891) (14) (440) – (4,345)
Income tax expense (3,029) (711) – – (3,740)
Profit/(Loss) for the year 7,465 8,836 (7,183) 764 9,882
The Group Total Procurement
Logistics Logistics Courier
Services Services Services Elimination Consolidated
RM’000 RM’000 RM’000 RM’000 RM’000
2017
REVENUE
External sales 246,315 48,282 – – 294,597
Inter-segment sales 1,694 – – (1,694) –
Total revenue 248,009 48,282 – (1,694) 294,597
RESULTS
Segment results 18,106 3,292 – (45) 21,353
Interest income 1,592 813 – – 2,405
Profit from operations 19,698 4,105 – (45) 23,758
Finance costs (2,480) (165) – – (2,645)
Income tax expense (5,021) (834) – – (5,855)
Profit for the year 12,197 3,106 – (45) 15,258
03/04/2019 12:26 PM
uptrending Market missed to take note of the outstanding performance of the Procurement Services...

Stripping out Courier Services which just started operation from the equation, the bottomline of FY18 is actually slightly BETTER than FY17..

Once the volume of Courier Services pick up from the present 10K parcels per day to some sizeable breakeven point or surpassing the breakeven point (the max cap is 150K parcels per day) it will be a complete different scenario.

The capability of Korean Courier Services Co, CJ Korea Parcel Services, which is number 1 in Korea and no 19 in the world is underrated by the myopic market...
03/04/2019 12:48 PM
uptrending TAKE AWAY COURIER SERVICES FROM FY18,
Net Profit FY18=rm 16.3M, FY17=rm15.3M
EPS FY18= 4.14 CENT, FY 17= 3.88 cent..
03/04/2019 3:21 PM
uptrending TREASURY SHARES
During the current financial year, the Company bought back 3,968,900 of its issued ordinary shares from the open market
at average price of RM0.63 per share. The total consideration paid for the purchase was RM2,505,819.
The Company held as treasury shares a total of 3,968,900 of its 394,229,890 issued ordinary shares. The treasury shares
are held in accordance with Section 127(4)(b) of the Companies Act 2016 at a carrying amount of RM2,505,819 as disclosed
in Note 22 to the Financial Statements.

Source : CJ Century AR2018
03/04/2019 3:45 PM
uptrending Samsung and CJ Logistics have the Sams founder, Lee Byung-chul
03/04/2019 4:59 PM
uptrending https://en.m.wikipedia.org/wiki/CJ_Group
03/04/2019 5:07 PM
uptrending https://en.m.wikipedia.org/wiki/Samsung
03/04/2019 5:09 PM
uptrending Procurement logistics is the new area of growth in the last FY 2018.

Could CJ make use of its network to bring in more Procurement Logistics Business, especially those Korean brands or related to Samsung?

TVs, Air conditioners, Refrigerators, Washing Machines....
04/04/2019 9:06 AM
uptrending CJ Century’s Procurement Logistics Services offers original equipment manufacturing solutions to electrical and electronic
products manufacturers and traders. With today’s market requirement changing at an incredible pace, customers are
outsourcing more of their supply chain to third party logistics provider to include procurement, assembly and repackaging
services. The traditional practice of third party logistics providers merely handling the movement of goods has since
evolved to providing increased levels of value added services. We have during the year, enlarged our customer base and
diversified into new regions to expand our procurement logistics offering. This has contributed to the large increase in our
income from our Procurement Logistics Services.


Extracted from Managing Director's Message, CJCENTURY AR 2018
04/04/2019 9:26 AM
stocking all talk and no action, director con ppl to buy say gonna goreng...it has been 2 months since
08/04/2019 3:27 PM
uptrending Long term stock..
Short term traders /investors please stay out.. Lol
08/04/2019 9:18 PM
uptrending https://www.cjlogistics.com/en/tes

CJ LOGISTICS CORE COMPETENCY
09/04/2019 4:59 PM
uptrending https://www.cjlogistics.com/en/main

On explosive expansion, to be the top 5 logistics company in the world by 2020.

With the parent company's world wide networks and expertise, would cjcentury turn out to be a multi baggers in a few years..?
09/04/2019 5:20 PM


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