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[转贴] BPPLAS (5100) 2017 Q2 季度报告摘要 - CT Boy Investment

Tan KW
Publish date: Wed, 23 Aug 2017, 07:39 AM
Tan KW
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Tuesday, 22 August 2017

 

 
BPPLAS (5100) FY2017 Q2 



营业额 = RM73,833,000
净利 = RM1,627,000
净利率 = 2.2%
YoY 营业额,净利分别减少6%和69%
QoQ 营业额,净利分别减少12.5%和55.1%
EPS  = RM0.087
NTA  = RM0.88
 
 
 
 主要财务摘要:
 
  •  没宣布股息,去年同期宣布2仙为股息
  •  现金减少45.2% 至 RM14,272,000
  •   Negative 营运现金流 RM7,428,000
  •   Forex Loss RM471,000
  •  毛利率Gross Profit Margin 从Q1 的 10.7% 退步至Q2的8.5%


 
业绩退步的原因:
 
  •  海外市场的需求减少,产品售价非常竞争
  • 主要原料Resin价格攀升推高生产成本,可是却不能够完全转移给顾客以保住产品价格的竞争力 (这点可以从本季度的Gross Profit Margin得知)


 
管理层展望:
 
  • 谨慎看待国际金融市场,地缘政治,原料价格等各种不稳定的波动和挑战
  • 持续探讨优化机械和产品的机会,以及提高出口业绩
  • 透过正在进行中的成本控制,提高产品素质以及生产效率,管理层期待下半年的业绩会更好





Happy Investing!


CT Boy Investment

http://ct-boyinvestment.blogspot.my/2017/08/bpplas-5100-2017-q2.html

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1 person likes this. Showing 2 of 2 comments

YiStock

Bpplas generally take at least 2 quarters to pass through the cost. The lower gross margin of quarter 2 is very likely due to higher resin price in quarter 1. Since resin price has averagely drop about 6% in quarter 2, i believe quarter 3 result should improve.

2017-08-23 07:50

YiStock

On another note, bpplas is still selling the old technology strectfilm. If they do not upgrade their machine with newer technology, i believe the business volume will continue to be under pressure.

2017-08-23 07:59

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