[MAH SING GROUP BHD,多重挑战]
FY17的营收跌到RM29.2亿,比起去年RM29.6亿,-1.4%。融资成本涨到RM1700万,比起去年RM600万,+186%。在今年,还有额外的RM2200万的股息分配给Perpetual Securities的股东。
1)产业发展:营业利润减少8.1%,是因为更高的管理和其他成本。营收跌了2.8%因为在Southville City项目的发展已到尾声。
2)塑料:营业利润减少3.6%,从RM1590万到RM1530万,是因为更高的管理,销售和广告成本。
3)投资和其他:主要是存款的利息和建材的买卖。
前景:
马星开始一个叫"Reinvent Affordability"的运动,是要提供负担得起的房屋(有好的房屋规范和在靠近交通基建的策略性地点)。
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James Ng
FY17 revenue dropped to RM2916m, compared with last year RM2958m, -1.4%. Finance costs increased to RM17m, compared with last year RM6m, +186%. In this year, an extra RM22m distribution was paid to holders of Perpetual Securities.
1)Property development: Operating profit decreased by 8.1% due to higher administrative and other expenses. Revenue decreased by 2.8% as certain development phases within the Southville City project were at tail end.
2)Plastics: Operating profits decreased by 3.6% from RM15.9m to RM15.3m as a result of higher administrative expenses and selling and marketing expenses.
3)Investment holding & Others: Mainly interest income from the deposit of funds and the trading of building materials.
Prospects:
The Group pioneered a campaign named "Reinvent Affordability" that aims to provide affordable homes which comes with good specifications and in strategic locations that are near to transport infrastructure and at a price that many can afford.
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James Ng
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Created by James Ng | Sep 18, 2024