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Overview
Financial Highlight
HeadlinesBusiness Background Century Logistics Holdings Bhd is an investment holding company. The group is mainly engaged in the provision of supply chain solutions. Its service offering includes international freight forwarding, transportation management and distribution, contract and oil logistics, procurement logistics, and data management services. The group’s business comprises two segments - Total Logistics Services and Procurement Logistics Services. The majority of its revenue is derived from Total Logistics Services.
  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 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 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 uptrending Procurement logistics is booming, doing very well... Courier service need about 3 years gestation period.. Aims to be the No 1 in the country.. Oil logistics fully tenanted from this month...recovering... Total logistics remains competitive... Some warehouse space still not fully tenanted, about 200K sq ft.. Will try to get clients... Management will control Capex and Opex... move the bottom line up and be more profitable this FY... :) 02/05/2019 10:00 AM Jeffreyteck TP35 amid global trade uncertainty, est dim domestic growth, intense competition. LT remains intact. 14/08/2019 5:49 PM AudemarsPiguet Century ventured into a business which they do not have competitive advantage in. The reality has now set in. This company is going to zero. 22/08/2019 10:42 PM Jeffreyteck ....CJ Century saw its second consecutive quarterly loss, reporting a net loss of RM3.04 million for its second quarter, versus a net profit of RM2.77 million in the previous year’s corresponding quarter. Est Sep Q results yoy will drop as last Sep is too good and the current business environment remains poor. Est TP remains 35, worst at 32, unless speculative play. 23/08/2019 9:29 AM  TakeProfits I agree with you now lanciao...that this is really sampah.....takdak guna stock. Lousy koyah stock...tnm......haha 13/09/2019 6:15 AM Jeffreyteck No good reasons that it will move up unless speculative play as the logistics business remain weak. 23/09/2019 11:12 AM shpg22 Two things confirm go up is revenue & debts. The rest go opposite way. Haha 26/10/2019 12:53 AM  |
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