|
| |
IPO Info Key Data:
Prospectus: PUBLIC ISSUE OF 10,000,000 NEW ORDINARY SHARES OF NOMINAL VALUE RM0.50 EACH IN COCOALAND HOLDINGS BERHAD AT AN ISSUE PRICE OF RM0.65 PER SHARE PAYABLE IN FULL ON APPLICATION COMPRISING: 1. 1,800,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY ELIGIBLE EMPLOYEES OF COCOALAND HOLDINGS BERHAD AND ITS SUBSIDIARIES; 2. 600,000 NEW ORDINARY SHARES OF RM0.50 EACH RESERVED FOR BUMIPUTERA INVESTORS NOMINATED AND APPROVED BY THE MINISTRY OF INTERNATIONAL TRADE AND INDUSTRY; 3. 6,000,000 NEW ORDINARY SHARES OF RM0.50 EACH AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; AND 4. 1,600,000 NEW ORDINARY SHARES OF RM0.50 EACH BY WAY OF PRIVATE PLACEMENT TO IDENTIFIED PUBLIC INVESTORS. IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE ENLARGED ISSUED AND PAID-UP ORDINARY SHARE CAPITAL OF COCOALAND HOLDINGS BERHAD OF 90,000,000 ORDINARY SHARES OF NOMINAL VALUE RM0.50 EACH ON THE SECOND BOARD OF BURSA MALAYSIA SECURITIES BERHAD Cocoaland-Definitions-Contents-CorpDirectory-Summary-IPODetails (925KB).pdf Cocoaland-RiskFactor-GroupInfo-Promoter (1MB).pdf Cocoaland-BusinessOverview-IndustryOverview (660KB).pdf Cocoaland-ExecSummary-RPT-FinancialInfo (1.2MB).pdf Cocoaland-AccountantsReport-ValuationCert (1MB).pdf Cocoaland-DirectorsRpt-StatutoryGenInfo-ApplicationProcedure (1.1MB).pdf   James Yeo Cocoaland Holdings Bhd has a track record of consistent dividend payouts over last 5 years. Check out other 2 similar stocks at https://klse.i3investor.com/blogs/small_cap_asia/195122.jsp 26/02/2021 12:56 PM  uptrending FY19 will see another phase of expansion for Cocoaland. This is for the company's GUMMIES! Capex committed as reported in this QR is about RM 12.8M, total projected is rm 56.1m. The Capex for the new Gummy line is RM42 M. The revenue and profit will be elevated to another level. Could expect the share price will move in tandem. Stay invested. Below are copy and paste from FY17 Annual Report. "In addition to its expanding higher quality products in particular to cater for the sales growth in gummies, Cocoaland expects to commence a new gummy line project towards the second half of 2018 located in Rawang with expected capital expenditure projected at RM42.0 million. Cocoaland is also working towards to expand its gummy products in terms of new flavours and healthier ingredients to cater for demand in both local and overseas markets. Cocoaland has projected a RM56.1 million capital expenditure for FY2018 which is mainly for acquisition of plant and machinery and factory equipment. The aim is to upgrade and expand its facilities to further increase production capacity as well as capability in producing higher quality products to meet the growing demand towards naturally healthy foods and beverages. With the rising labour cost and production overheads, Cocoaland is exploring new ways to further enhance automation and workforce development in its operational and manufacturing processes to improve operational efficiencies. This in turn helps to reduce the reliance of labour force. Cocoaland is aiming for increasing cost-saving measures and higher productivity in FY2018. There will be about of US$10.0 million or RM39.0 million for use in the event of merger and acquisition opportunities. The Group is targeting manufacturers and distributors in Asian countries." CHEERS! 27/02/2019 6:20 PM uptrending https://klse.i3investor.com/m/priceTarget/49342.jsp RHB INVESTMENT BANK RESEARCH MAINTAINED BUY CALL. TARGET PRICE :2.70 01/03/2019 5:07 PM  YAPSS Day 39 of Fundamental Daily, YAPSS will be covering Cocoaland Holdings Berhad's fundamental via a short animated video. I hope it helps and please enjoy the video, see ya! #YAPSS #FundamentalDaily #CocoalandHoldingsBerhad Click the on the link to find out more: https://youtu.be/YL15q5EhdkA 11/04/2021 9:21 AM  James Ng https://klse.i3investor.com/blogs/general/207139.jsp [转贴] [COCOALAND HOLDINGS BHD：自2019年4月1日开始以含饮料包装的形式对含糖饮料制造征收40仙/升的含糖税被视为影响集团饮料业务的另一项发展] - James的股票投资James Share Investing 14/01/2021 11:05 AM uptrending "1. New Gummy Production Line As part of plans to expand our gummy production capacity, the Group is developing the 2.6-acre Lot 28 as Lots 88 and 100 have reached an estimated 83.6% capacity for gummy production. The addition of another line for gummy production, expected to be completed in the first quarter of 2020, is part of our expansion and growth plans as the Group sees rapid revenue growth potential for gummy products (in- house brand as well as for Original Equipment Manufacturing (“OEM”)" ------ PAGE 19, AR 2018 Expansion on the way for the star products, Gummy lot 100 20/05/2019 9:51 AM uptrending The NEW Fruit Gummy production line will raise the total production capacity to 14,200 MT from the present 9,200 MT, an increase of 43%. The fruit gummy accounted for approximately 50% revenue of the company and about 50% of which is derived from Export Markets. Bright future, by just banking on the growing sales and acceptance of the gummy candy which has already established a brand name, LOT 100 20/05/2019 1:25 PM uptrending Maintain BUY with unchanged TP of MYR2.70. Our TP is derived from an unchanged target 18x P/E (+1.5SD from its 5-year mean), based on 2019F’s earnings. We like Cocoaland given resilient demand for its gummy products, generous dividend payouts backed by a sturdy balance sheet, healthy cash flow generation, and proven track record. Strong brand equity in both the domestic and overseas markets should also ensure sustainability of its future earnings. Source: RHB Securities Research - 28 February 2019 21/05/2019 6:00 AM uptrending Still BUY and MYR2.70 TP, 43% expected total returns. Cocoaland’s 1Q19 earnings were within expectations – they were down mainly on higher marketing expenses. Demand for its gummy and hard candy products stayed resilient, though. Cost optimisation initiatives saw some results: lower employee costs. We continue to like the stock, given its sustainable earnings on robust gummy products demand, supported by a proven track record and strong brand equity. No surprises. Cocoaland’s 1Q19 results were within our and consensus expectations, with earnings of MYR8.4m (-1.8% YoY, -12.6% QoQ) that accounted for 25% and 27% of full-year forecasts. The lower earnings were mainly attributed to higher marketing expenses and decreased other income, netting off increased revenue of MYR65.6m (+1.9% YoY, +7% QoQ). No dividend was declared. Cost optimisation bearing fruit. The manufacturing segment’s performance improved, reporting 1Q19 PBT of MYR4m (1Q18: MYR83,000 LBT) – thanks to a better product mix and lower employee costs. However, Cocoaland continued to feel the impact of sluggish demand for beverage products, dragging revenue down 9.2% YoY (-0.02% QoQ) to MYR16.9m – this offset growing demand for gummy and hard candy products. Marketing expenses a drag. The trading unit registered higher revenue of MYR48.7m (+6.3% YoY, +9.7% QoQ), as demand for gummy, snacks, and coco-pie products grew. However, higher marketing expenses from exhibition and promotional activities dragged PBT down to MYR6.5m (-52.7% YoY, +5.3% QoQ). We also note that this unit’s PBT margin dropped 12ppts when compared to 1Q18’s numbers. Key risks and forecasts. Downside risks to our recommendation and earnings forecasts include sharp rises in raw material costs and weaker consumer sentiment. A strengthening of the MYR against the USD should also negatively affect Cocoaland’s earnings. We make no changes to our forecasts. We keep our call on the stock, as we expect resilient demand for the company’s gummy products on strong brand equity to continue support earnings. We like Cocoaland for its generous dividend payouts (translating into prospective yields of 5%), backed by a sturdy balance sheet and healthy cash flow generation. There is no change to our TP, with total expected returns of 43% – this based on 2019F earnings of an unchanged 18x target P/E, +1.5SD from its 5-year mean. Source: RHB Securities Research - 23 May 2019 23/05/2019 4:58 PM icedvestor RHB report seem to be bullish on this counter. Waiting for the dividend announcement. 08/08/2019 1:32 PM | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
