跌下神台的神股。 接下來，是 重返神台，或是跌落人間，拭目以待 。

依玲年华渐老去，依依犹抱琵琶半遮脸。

Up down see coming div announcement

Current price level is at its par value : not undervalued not over valued, it is 50:50 game now. Full year eps at around 0.25+/-, won't deviate much from this figure. For this counter to fly, only factor is dividend beyond 0.115 for full year. if not, need see what is company future plan. Very near term, expansion is not aggressive, or at least no announCement yet from company.

Current price is still very pricey

Yamaha volume back to normal. Demand supply will say either buy it or leave it. With huge discounted price, over demand will push the price in single direction. Now is the begins of Q2, the banker dun have to dress the account. The up down will be decided entirely by market force.

Highest quarterly profit . Truly unexpected

Even at 0.4X is still not cheap

Historical average PE at 7 and peak at 11.5
Current PE nearing 9 if annualised latest 2 QR
Dividend policy 30% payout.
Last year payout 31%.
Current price not cheap not expensive

1. Malaysia sales drop due to lesser FAN contract awarded from govertment for sluggish property
2. Middle East uncertainty impact revenue
3. RM strengthening impact export revenue BUT reduce import material cost.
4. Hopefully Vietnam revenue can provide some support to Revenue and profit

Last QR eps 0.39 hopefully is the worst so far. Next QR eps shall around 0.40 to 0.50. EPS below 0.60 wont excite market to lift up price. DY at current price looks not so exciting

Bad QR

Good QR

superb !!

started back to its value. previously market overjoy on one off dividend + future earning.

desparate seller cash out

if not mistaken, air cond is by Panasonic Malaysia Sdn Bhd and is Panamy's Aassociate.

haha ok. thks anyway MCC8 ^_^

MCC8@ Any updates on AGM ?

think no more additional product relocation set up cost as the production process has been normalised. Further new product transfer may be on the way. Vietnam market runs well. But concern is ringgit strenghtening

Profit will be stable at 0.6X per quarter. This is the driving factor.
FY 2018 projected eps 2.50. Div 1.50
If price come to RM 45, PE 18 DY 3.33, still reasonable

19 to 26 in 3 month.
26 to 19 in 1 week.
wowww

Dividend EX ^_^

New ESOS of 3,000,000 unit being offered at 0.245, ie. market price less 5%

Net Cash 87M. All time high ^_^

Sales of Home Appliances products grew by 11.4% as compared to the
previous year’s corresponding quarter mainly contributed by increased sales to Vietnam and the
Middle East region. The Vietnam market has seen good growth potential with its increasing
purchasing power. Improvement in the economic environment contributed to the higher sales in
the Middle East region.

Source: QR

if no good, what for grandpine promote ?

The huge advertising cost incurred in Q4 FY 2016. But FY 2017, no huge advertising cost in Q4. The advertising cost delay till Q1 FY 2018, resulted in the fall of current Q. No big deal on QR. Only thing is, the valuation is a bit high.

Good ajim102. Thks in advance for ur effort. Pls post ur link here. Waiting ^_^

EPS strengthening. Vietnam will be new growth area. Middle East is recovering, though still some uncertainty on Middle East.
Projected FY 2018 EPS 2.50, Dividend 0.15+1.35, at 37.28 ( 38.30 - 1.02 ), PE 14.9, DY 4%
If surge to 45, PE 18, DY 3.33%.

QR out

1099, agree with u. Breaking 40 ^_^

Profit Jump ^_^

原料涨价抵销匯率利好　松下 (PANAMY) 2大业务提振业绩

（吉隆坡19日讯）电饭锅业务转亏为盈以及吸尘机销量回稳，將提振松下电器（PANAMY，3719，主板消费股）的业绩，但值得留意的是，原料价格走高，將抵消匯率的利好影响。

今日两家投行不约而同发布松下电器的分析报告，该股因此受到投资者的关注，早盘一度涨80仙或2.27%，至36令吉，一度位居上升榜第1名；不过，午盘交易，该股逐步回吐涨幅，最终以35.22令吉掛收，微起2仙或0.06%，成交量仅2800股。

丰隆投行分析员的建议相对乐观，维持该股「买进」投资评级，並將目標价设在43.20令吉；MIDF研究分析员则显得保守，保持该股「中和」评级，只给予32.40令吉的目標价。

两名分析员均看好其电饭锅及吸尘机业务。

电饭锅吸尘机热销

丰隆投行分析员在报告中指出，会晤管理层后认为，该公司未来的利好主要建立在其电饭锅业务转亏为盈、吸尘机销量回春以及產品平均售价调整。

对於2年前把泰国生產线移至大马的电饭锅业务，管理层有信心能够在2018財政年(3月31日结账)转亏为盈。

该业务在2017財政年亏损800万令吉。

MIDF研究分析员也相信，电饭锅业务转亏为盈以及吸尘机销量回稳，或会提振松下电子2018財政年的业绩，惟他却认为该公司今年的电风扇业务可能会因政府安装电风扇的工程减少而受到波及。

另外，对於超过60%的营收来自海外的电风扇业务，令吉逐步回升也將导致外匯收益减少。

此外，丰隆投行分析员也指出，针对松下电子在2017財政年出口至中东国家的销量大幅下滑，管理层解释说，是受到当地政治因素的影响，並表示该业务在2018財政年首季已经大幅反弹，並达到內部既定的目標。」

至於大宗商品的价格上涨导致公司的成本增高，管理层分享说，该公司已在4月起，已把平均產品售价提高5%。

管理层信心满满地称，该公司的电风扇市佔率超过70%、电饭锅的市佔率超过40%、食物加工处理机的市佔率为40%，松下电器在这3项家电產品都排名第一。

MIDF研究则关注原料价格上涨对该公司的影响，分析员指出，「纵然令吉回升能够降低公司的原材料成本，但近来铝价和铜价走高，已经抵消了匯率的利好因素。」

分析员也指出，该公司在2017財政年末季的手上现金高达6亿243万令吉，佔总资產的约60%，惟儘管该公司的资金越来越多，但管理层却依然只维持60%的派息率。

转载自东方日报财经 >>

Winklse188@

此外，丰隆投行分析员也指出，针对松下电子在2017財政年出口至中东国家的销量大幅下滑，管理层解释说，是受到当地政治因素的影响，並表示该业务在2018財政年首季已经大幅反弹，並达到內部既定的目標。」

still the word: MNI impairment is Pure Accounting Loss. Nothing impact HLIND.
It is like a parasit inside a healthy body. No impact to healthy body, but it sucks the nutrient from the body bit by bit. Once the healthy body finally and successfully kick out the parasit, the healthy body become healthier ^_^

HLIND banker, very smart player, no rush buy, absorb at low, no rush pull up. this is quite a marathon play

2 Aug press release already trigger first round sell down. Today closing, slight chance green closing.

top up 9.51

top up 9.50 ^_^

Purely Accounting Loss. Net Cash at historical high 424M. 377M cash generated for 2017 vs 331M generated for 2016. Divestment good effect will be seen start from next Quarter as company dun have to share MNI loss anymore. No impact of dividend payout. Once Yamaha Marine started to contribute, no more price below 10 anymore. Tomolo opening shall see some panic selling. But good value hunter shall bottom fish very soon.
Tomolo show : Panic Seller vs Rational Buyer.

Golden chance to buy tomolo or next monday

impairment loss of 171m were made clear to public on 2 Aug.

middle east revenue recovered. cant wait for month end result ^_^

the panic is over

Discontinuation of newsprint business is good to HLIND in general. Just dunno what is the impact of this ACCOUNTING loss to its share price.
Purely ACCOUNTING loss

Eps will be flat for coming 1 year. EPS will see improvement after company capacity expansion kick in after June 2018.

Alibaba is active speaker, not active investor. He win in mouth war, not in real money war. If price up, he gain nothing. If down, he also lose nothing

anyone knows Yamaha Marine business updates ?

The return of Pana King ^_^

Panic Waiting ^_^