The following table sets out a summary of the consolidated financial information of the company Group for the Financial Years Under Review and FPE 2024:
Major customers and suppliers
Major Customers
The company group’s top 5 customers for FPE 2024 are as follows:
The company is not dependent on any of its customers as non of their major customers contributed 10.00% or more of the company total revenue.
Major Suppliers
The company group’s top 5 suppliers for FPE 2024 are as follows:
The company is not dependent on any of its major suppliers as the products they purchase from these major suppliers are readily available in the market and they have alternative sources of supply.
Distribution services are activities involving the efficient movement of goods and services from manufacturers to customers and end consumers. Distributive trade is the intermediary stage comprising all linkages and activities that channel consumer packaged goods for resale or to end consumers or users. Goods passing through the distributive trade are typically sold either without processing or with minimal processing. Operators within the distributive trade may physically breakbulk, sort, grade, mix, pack or repack. Additionally, distributive trade operators may sell directly to end consumers or users and/or other intermediaries who subsequently resell to end consumers or users. In some situations, manufacturers, producers and processors may also sell their goods directly to end consumers or users.
According to the research from PROVIDENCE, the food, beverage and discretionary products distribution services industry in Sarawak, based on the gross domestic product (“GDP”) of wholesale and retail trade, food and beverage and accommodation services, increased from RM14.6 billion in 2018 to RM15.8 billion in 20221 at a compound annual growth rate (“CAGR”) of 2.0%. Based on PROVIDENCE’s findings from primary and secondary research, the distribution of food and beverage products comprised approximately 35.0% while the distribution of discretionary products comprised approximately 7.0% of the GDP of wholesale and retail trade, food and beverage and accommodation services in 2022. For clarity, the distribution of non-food and beverage products such as household and commercial cleaning products fall under discretionary products. Thus, the industry size of the distribution of food, beverage and discretionary products increased from an estimated RM6.1 billion in 2018 to an estimated RM6.7 billion in 2022 at a CAGR of 2.0%.
In 2020, the food, beverage and discretionary products distribution services industry in Sarawak, as indicated by the GDP of wholesale and retail trade, food and beverage and accommodation services, was RM14.2 billion, a contraction of 9.0% from the RM15.6 billion in 2019. This contraction is attributable to the COVID-19 pandemic which affected economic and business activities throughout the state. Nonetheless, in line with improving vaccination rates and the gradual reopening of the economy, the food, beverage and discretionary products distribution services industry in Sarawak began showing signs of recovery in 2021 and 2022 respectively. In particular, the food, beverage and discretionary products distribution services industry in Sarawak registered a year-on-year growth rate of 11.2% in 2022 compared to 2021.
The key drivers in this industry:
The key risks and challenges in this industry:
A summary of the company's business strategies is set out below:
Opportunities
Risk
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