Icon8888 Gossips About Stocks

(Icon) Jaycorp (1) - Rubber Wood Furniture Maker. Dividend Yield of 4.8%

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Publish date: Fri, 20 Mar 2015, 03:25 PM
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I follow the smell of money.

 

Jaycorp Bhd (JAYC) Snapshot

Open
0.71
 
Previous Close
0.71
Day High
0.71
 
Day Low
0.71
52 Week High
04/23/14 - 0.86
 
52 Week Low
12/17/14 - 0.62
Market Cap
96.4M
 
Average Volume 10 Days
35.9K
EPS TTM
0.06
 
Shares Outstanding
136.8M
EX-Date
12/16/14
 
P/E TM
12.7x
Dividend
0.04
 
Dividend Yield
4.96%
 

 

 

 

 

 

 

 

 

 

 

 

Jaycorp Berhad manufactures and sells rubber wood furniture.

 

The company operates through four segments: Rubberwood Furniture, Packaging, Processing of Rubberwood, Renewable Energy, and Others.

 

 

It offers wooden dining sets, bedroom sets, and occasional side boards.

 

The company is also involved in the conversion of corrugated boards into carton boxes; processing and kiln–drying of rubber wood; etc.

 

Jaycorp serves various customers primarily in Malaysia and the rest of Asia, as well as North America and Europe.

 

The company was formerly known as Yeo Aik Resources Berhad and changed its name to Jaycorp Berhad in 2006.

 

Jaycorp Berhad was founded in 1992 and is based in Kuala Lumpur, Malaysia.

 

The group has healthy balance sheets with net cash of RM12 mil.

 

 

The company paid dividend of 3.5 sen in 2012, 2013 and 2014. Based on 73 sen, dividend yield is 4.8%.

 

 

The group has been consistently profitable throughout recent yars.

 

Annual Result:

F.Y. Revenue ('000) Profit Attb. to SH ('000) EPS (Cent) PE DPS (Cent) DY NAPS ROE (%)
TTM 242,849 7,515 5.54 13.00 3.50 4.86 0.9300 5.96
2014-07-31 236,327 8,625 6.31 12.37 3.50 4.49 0.9200 6.86
2013-07-31 209,281 5,086 3.72 13.58 3.50 6.93 0.8900 4.18
2012-07-31 236,612 10,261 7.50 6.27 3.50 7.45 0.8900 8.43
2011-07-31 192,059 2,548 1.86 30.11 2.00 3.57 0.8300 2.24
2010-07-31 227,414 13,924 10.41 7.40 7.50 9.74 0.8700 11.97
2009-07-31 252,657 12,297 9.48 5.28 9.00 18.00 0.8300 11.42

 

The group reported net profit of RM1.16 mil for the Q1 of FY2014 (the quarter ended 30 October 2014). 

 

The company will be releasing its second quarter result by end of March 2015.

 

Quarter Result:

F.Y. Quarter Revenue ('000) Profit before Tax ('000) Profit Attb. to SH ('000) EPS (Cent) DPS (Cent) NAPS
2015-07-31 2014-10-31 64,274 3,462 1,156 0.85 - 0.9300
2014-07-31 2014-07-31 59,946 3,383 1,706 1.25 3.50 0.9200
2014-07-31 2014-04-30 54,751 2,984 2,172 1.59 - 0.9100
2014-07-31 2014-01-31 63,878 3,615 2,481 1.85 - 0.8900
2014-07-31 2013-10-31 57,752 3,612 2,210 1.62 - 0.9000
2013-07-31 2013-07-31 54,581 -97 -1,554 -1.14 3.50 -
2013-07-31 2013-04-30 46,464 5,265 3,621 2.65 - 0.9000
2013-07-31 2013-01-31 54,319 3,289 2,212 1.62 - 0.8700
2013-07-31 2012-10-31 53,917 1,584 871 0.64 - 0.8900
2012-07-31 2012-07-31 63,516 2,749 2,275 1.66 3.50 -
2012-07-31 2012-04-30 62,107 6,411 3,589 2.62 - 0.8700
2012-07-31 2012-01-31 59,547 3,947 2,904 2.12 - 0.8500

 

In the October 2014 quarter, furniture making accounted for the bulk of the profit (RM3.2 mil PBT). Processing of rubber wood was the second largest contributor (RM1.22 mil PBT). Losses at renewable energy division dragged down overall group performance (LBT of RM1 mil).

 

 

 

In FY2014, the group exports approximately 55% of its products.

 

 

Appendix - The Jaycorp Group

 

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Be the first to like this. Showing 9 of 9 comments

CFTrader

Icon888 Bro, you always lack the most important stuff in these kind of industry.
Cashflow.

At least you print a screenshot of cashflow for us to determine in someway:

1. Was the earning REAL earning ? When I'm saying real, it's Real Hard Cash ?

2. Dividend ... Was that paying from the earning due operation or like Maxis, paying dividend by using debt ? Was the dividend sustainable ? Or the dividend amount is better to repay debt ?


IMHO, we can dig tons of info from cashflow, alone. P&L statement ? to me, that's just bonus =P

2015-03-22 00:24

Icon8888

A fair comment

Will do that in the future

2015-03-22 03:40

tonylim

3 to 5 years cffo and cagr will be good

2015-03-22 10:42

Icon8888

tonylim I where got so much time ? Need to work, cook, change diapers, clean toilets, buy groceries, visit old folks home, mow the lawn.....

2015-03-22 10:47

tonylim

Just a feedback bro. No harm.
wish I could assist. Pai seh la

2015-03-22 10:53

CFTrader

Icon888 . You dont need to do all the cffo or dcf stuff. If we see potential, we will quantify it by ourself. We are not leechers.

Im just demand for a screenshot of cashflow.

2015-03-22 12:34

bugle

Please take a look at Note A12 of the latest NOTES TO QUARTERLY REPORT ON CONSOLIDATED RESULT:

Corporate guarantees in favour of bankers for providing banking facilities to subsidiaries: RM113,764,000.00

What does it means? Shouldn't it be an issue of concern?

Looking for a justification. Tq!

2015-03-22 15:28

Icon8888

Page 118 of FY2014 Annual Report states that "the company issued RM113 mil corporate guarantee to financial institutions for credit facilities granted to subsidiaries"

It goes on to state that "the facilities utilised by the subsidiaries as of year end amounted to RM22.5 mil"

My guess is that the bank has given them maximum credit limit of RM113 mil and requires all of them to be corporate guaranteed (a common feature). But the subsidiaries had only used up RM22.5 mil (the group traditionally doesn't rely much on borrowings)

No cause for alarm

2015-03-23 02:20

bugle

Tq for the above-explanation. Agreed. Good luck!

2015-03-23 16:07

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