Investing Experience -
Risk Profile -
Followers
0
Following
0
Blog Posts
0
Threads
53
Blogs
Threads
Portfolio
Follower
Following
Summary
Total comments
53
Past 30 days
0
Past 7 days
0
Today
0
User Comments
Stock
Stock
2020-11-25 20:42 | Report Abuse
Announced : Revenue for the current quarter of RM37.0 million was 22% lower compared to RM47.3 million for the preceding quarter, due to deferment of delivery to both local and international customers in this quarter.
Why they choose to defer instead of recognition ?
It can be recognized as sales if finish good but not delivered.
As per AGM minutes, they are achieved 139m sales as per 18th August 2020. (See below)
The sales are recognised when the products are delivered / transferred to customers. In addition, finished goods produced according to orders received (but not delivered) as of quarter end will also be recognised as revenue to be in line with the accounting standard, MFRS 15, effective from 1 January 2018. Thus far, based on the actual to-date amount, the Company has achieved about 88% of last year turnover. The Management strongly believes that the turnover would improve this year as compared to last year.
According to sources, MD is trying to accumulate and buy more shares via his cronies at cheaper price and then seek for Board Control next year as he is not happy with his other board members.
Therefore, trying to ensure the squeeze all small shareholders out by creating unnecessary panic .
A simple scenario of money play , greed And obsessed of power .
Stock
2020-11-25 00:24 | Report Abuse
MD's son exercise ESOS then disposed "to create panic " to small shareholder before Q3 results.
While HIS Father can use his cronies to sapu all the cheap shares from market . Lolz or either way Father didn't give pocket money to son to go Happy KTV. Need money pay girls.
Stock
2020-11-19 22:28 | Report Abuse
new accounting policy will recognise sales upon production of custom made goods
Stock
2020-11-18 23:54 | Report Abuse
TOMYPAK: Timely Expansion and Turnaround Plastic Packaging Company (Davidtslim) - Davidtslim sharing | I3investor https://klse.i3investor.com/blogs/lionind/2020-11-14-story-h1536429364-TOMYPAK_Timely_Expansion_and_Turnaround_Plastic_Packaging_Company_David.jsp
Stock
Stock
2020-10-11 01:45 | Report Abuse
http://www.tomypak.com.my/AGM%20Minutes%20With%20Key%20Matters%202020.pdf
Q12 : The sales are recognised when the products are delivered / transferred to customers. In addition, finished goods produced according to orders received (but not delivered) as of quarter end will also be recognised as revenue to be in line with the accounting standard, MFRS 15, effective from 1 January 2018. Thus far, based on the actual to-date amount, the Company has achieved about 88% of last year turnover. The Management strongly believes that the turnover would improve this year as compared to last year.
88% of rm158m sales = 139m done as per 18/8/20
Q1+Q2 = rm80m sales reported.
Half of Q3 = rm59m In hand .
Full Q3 projected at least rm80m ?
59m already will be record breaking quarter .
80m ? Will be a huge turnaround.. NO wonder MD been buying aggressive for past 12 months.
Based on the ratio of Q2 , 47m turnover EBITDA reporter is Rm9m = the profit margin = 19% +-
Assume they achieve 80m x 19% = rm15.8m EBITDA
Minus depreciation & miscellaneous.
NP can be easily rm10m
Worse case rm59m reported . They recognized 60m for Q3 EBITDA = rm 12.8m - depreciation = NP rm7.5-8m in hand .
This should be the minimal profit ... & will be a recording breaking Q . Finally turnaround for the company after 8Q of failure ( MD confidently Selling of his money making Johortin & increase stake in this company)
Will be interesting Quarter .... Unless the Information provided by ED at AGM is false or misleading . Well , let's see ...
Stock
Stock
Stock
2020-08-18 22:37 | Report Abuse
Based on earning margin % = 19%
EBITDA approx 9m ... minus depreciation +- become nett
Not bad performance during MCO.
Based on the logic, the only reason the% is good because of lower resin & also efficiency (customers should be giving more orders ahead during this period ) they able to have more long run orders to achieve better cost efficiency.
But looking at announced revenue is only 47m+ ...
Hence believe more orders were printed and only delivered after June. Should be more forward sales from overseas too as it report 33m+ .
Revenue should be coming more in coming Qs.
As reported by executive director, is was only running at 30% capacity. Previous expansion expected capacity to achieve approx 130m-150m revenue a quarter.
Any potential Oversea buyer that can come in to take a major stake & fill up the future capacity . Will be a Big turnaround . ( European and other countries might be facing operating difficulties and unable to deliver based on demand as they facing control issues and lockdown) . This will be an ideal place for them to run their packaging . Cheers
Stock
Stock
Stock
2020-07-14 10:43 | Report Abuse
When Human needEd Gloves & Mask , F&B needed flexible packaging . Demand surged , they have ready additional capacity to deliver the orders.
While other companies in the region have problem running their operation during the pandemic.
Stock
Stock
Stock
2020-05-27 00:42 | Report Abuse
Stock
Stock
Stock
Stock
Stock
Stock
Stock
2019-02-13 20:36 | Report Abuse
https://factsetpdf.maybank-ke.com/PDF/127095_CN__14caf07b3a6c4f30b3f35a5435d7d37c.pdf?
A positive development for TOMY’s plant operation
Having updated with management recently, we are pleased with the progress development of its capacity expansion (Fig. 1) and phase 1 of its rationalisation plan i.e. on-going realignment of production process at both its Senai and Tampoi plants. Over the last two years, TOMY has spent approximately MYR111.0m on new printing lines and equipment, which has expanded its production capacity (by 21,000 mtpa; +105%) and allowed operations to operate efficiently in the long term.
TOMY has installed a flexographic printing line in 4Q18 to broaden its customer base, as it will cater to plastic packaging customers whose products have short life cycles (for example Gardenia bread). This will add a new revenue stream to the Company per se.
Fig 1: Snapshot of TOMY’s plants capacity
Source: Company data
We understand the significance of transferring some old machines to the Senai plant is to combine them with the new advanced machines at the Senai plant to ensure ample capacity for MNC customers that need a guarantee of sufficient capacity. We believe this will also maximise its production efficiency to produce the orders at one plant and cost savings, in terms of logistic.
Management expects to move and reinstall two more rotogravure printing and extrusion lamination machines from its Tampoi plant to its Senai plant in 1H19 (Fig. 2). We estimate the cost for moving those machines (transportation mainly) to be insignificant - less than MYR2.0m.
Management also clarified that the second phase of its rationalization plan, which recently commenced in 1Q19, is focused on upgrading and transforming system production processes.
Stock
2018-05-07 12:14 | Report Abuse
This is because I read annual report & announcement made in Bursa And I don’t rely on accountant sister to tell me things. Worse still, question has been raised by other shareholder during previous AGM on the 7 years strategic plan. Wonder if you are listening ? Or were you really there.
I m a shareholder who lost more than 20% too.
I raised the question regarding the “tax incentives” how about being left out by the CFO. While you start talking about your accountant sister.
Definitely I will question the BOD on how about this happen.
As an investor , we clearly want to know , the direction and future growth of the company.
Stock
2018-05-07 02:18 | Report Abuse
The Board of Directors (“Board”) of Tomypak Holdings Bhd (“Tomypak”) recognises that it has the overall responsibility for the conduct and performance of Tomypak and its subsidiaries (“the Tomypak Group”). It takes the role of providing the necessary stewardship and oversight on behalf of all shareholders to insure that the Tomypak Group performs.
Its main focus is on setting the overall strategic directions that the Tomypak Group should embark on to create value for its shareholders. The Board also review and provide guidance on critical and material business issues and in specific areas such as corporate governance, risk management, business strategies, internal controls, investors relations and shareholders communications.
During the FY 2017, one of the key matters that the Board undertook other than the routine tasks was to review and to provide guidance to the management in the development of a 7-year Strategic Plan to chart the future direction that the Tomypak Group should embark on given the various strengths and opportunities, as well as threats and weaknesses that exists within the Tomypak Group and in the environment. This Strategic Plan encompasses key areas such as Market, Operational, Organizational, Financial as well as Environmental Social Governance issues.
Stock
2018-05-05 14:47 | Report Abuse
Everyone is aware of of the drop of sales, new financial accounting standard on the depreciation, higher fix cost that result in lower profit. We know how to read financial report and understand the business & industry.
My question here, as a professional accountant , how about a huge tax incentives can be left out? If was FY end 17. Sudden Liew left end feb. and new CFO appointed. (maybe u can check that with ur sis) if she can miss that out ?
Of coz , board have to be responsible too. Even the auditors.
But at least they manage to identify it and take back into accounts and make an announcement. (Should able to know better during the AGM)
Can argue Migration and Expansion plan take longer time than expected. But it was a 7years plan when they announced 2 years ago.
Overhead and startup cost definitely will be high. Phrase 1 capacity can’t be coverings the entire new factory overhead. I guess We can only be able to see improvement beginning 2nd half 18 onwards .
Stock
2018-05-04 18:35 | Report Abuse
If an error was made, especially on accounting manner. How can big amount of tax incentives can be left out. CFO should be held responsible. He was the person incharged before he resigned . That’s common sense.
Moreover, what it is related to ur accountant sister ? Real joker
Stock
2018-05-02 10:30 | Report Abuse
Fact error had been made. Liew was the finance person in-charged. The accounts was definitely done before the 28th, just announced on 28th. Maybe u r right ... he know he is going to resigned... hence he just doesn’t borther to do his job properly.
However, good job to the managent, able to reversed back the last Quarter losses.
Stock
2018-04-30 22:50 | Report Abuse
Last Quarter Result, Error done by previous CFO , Liew. In fact, no losses. Liew tender resignation & left Tomypak. New CFO being hired.
Stock
Stock
2018-02-27 23:20 | Report Abuse
Lower Gross Profit margins due to an increase in Cost of Goods Sold arising from:
i) Increase in cost of raw materials during the year as compared to FY 2016;
ii) Increase in overall factory overheads as a result from the start-up of the new plant in Senai in the 2nd Quarter 2017. There were also substantial start-up costs including usage of raw materials, utilities and additional labour costs, to conduct trial production runs, incurred in the commissioning of the new plant and equipment acquired, installed and commissioned during the year. Such costs do not translate into sales.
In addition, there were also additional maintenance costs to maintain the old equipment, increased factory sundry expenses resulting from continuing on going rectification and upgrading works at both factories, which are expensed off;
iii) Additional depreciation costs recognised as the Group started to provide for depreciation of the new factory buildings in April 2017 and new equipment as and when these new equipment are installed and ready for commencement of operations, while full revenue from the new plant has yet to achieve fully pending final inspection and approval from major customers;
iv) Additional substantial costs recognised in FY 2017 as a result of the adoption of MFRS 15 which now requires that cylinder costs which forms a substantial portion of the production costs and which are unique to operations of gravure printing technologies, are to be written off instead of depreciated;
v) Additional transportation, security and other operating costs arising from the operations of 2 plants; and
vi) Provision for obsolete stocks and year-end stock take adjustments.
c) Lower other income resulting from a reduction in foreign exchange gains as a result of the strengthening of the Malaysian Ringgit against the US Dollar; and
d) Higher financial expenses arising from drawdown of loans to fund the purchase of equipment for the new plant.
Stock
2018-02-26 22:03 | Report Abuse
Maybank IB Retail Research
Scientex’s wholly-owned Scientex Packaging Film S/B entered into a sale and purchase agreement with several individuals to acquire the entire stake in Klang Hock Plastic Industries S/B (KHPI) for MYR190m cash, to be funded by internally generated funds and/or bank borrowings. The proposed acquisition is expected to be completed by 2Q
KHPI is principally involved in the manufacturing and selling of plastic films, bags, tubes, and other flexible plastic packaging products, with two manufacturing plants located at Klang, Selangor (99,000 MT annual capacity. It reported a PAT of MYR11.1m in FY3/17. There is a profit guarantee of MYR18m for FY3/19. At MYR190m, it effectively values KHPI at 8.44x EV/EBITDA, below Scientex’s 3-year historical average EV/EBITDA of 9.8x.
This acquisition is expected to generate synergistic benefits to the group. For a start, it would further expand and enhance its flexible plastic packaging products. The enlarged entity would also benefit from the increased production capacity and the larger customer base.
It seems that Scientex is accelerating its expansion plan. Although certain details are sketchy at the moment (such as gearing post acquisition, historical financial performance of KHPI, etc), management expects its manufacturing revenue to surpass MYR2b while its annual production capacity will rise by 30%, from 356,000MT currently to 455,000MT.
The expansion by its manufacturing activities makes sense as it would help to offset potential slowdown in the property market. At present, Scientex’s property arm is engaged in township development projects mainly in Johor and Melaka. Currently, it has projects in hand amounting to approximately MYR1.4b.
Prior to this proposed acquisition, the street is expecting a 17.9% 3-year EPS CAGR for FY7/17-20. Therefore, it is anticipated that research houses will be revising their forecasts higher going forward, and this could help to re-rate Scientex’s share price performance.
Brokers are mixed on the stock with one Buy and three Holds. The mean target price is MYR8.91 (likely to revise higher too on expectation of stronger earnings). At current price, Scientex is trading at 11.4x consensus FY7/19 EPS of 75.8sen, below its 3-year historical average P/E of 13.4x. The group has been actively engaging in M&A activities for the past few years.
Stock
2018-02-26 21:55 | Report Abuse
Look long term . There will be a revolution in the packaging industry globally .... starting in Asia ...
Malaysia is best place to start ..
Stock
2018-02-24 00:24 | Report Abuse
Flexible packaging industry in demand .. what’s next for TP ?
Stock
Stock
2018-01-29 10:12 | Report Abuse
Lol ... Ya doesn’t matter. D Fool has been doing that every quarter for past few years. Results , Dividend & Price proved him wrong all the time.
Stock
2018-01-29 08:51 | Report Abuse
From annual report, the borrowing for capex is from spore. Lower % ... & repayment in spore $ . Nigel FOOL is always promoting Thong Guan
Stock
2017-10-27 23:39 | Report Abuse
If u think this counter is like other conman ... u better follow KV ...
Stock
2017-10-25 00:28 | Report Abuse
Only genuine company n good management will treat staff well ... their hard work to make the company better . We just hope Company make more n more money ...
Stock
2017-05-22 18:13 | Report Abuse
Just look how Johortin move after their Bonus. I believe their MD is doing something similar
Stock
2017-05-14 12:37 | Report Abuse
He who laughs last laughs best
Stock
2017-05-13 02:56 | Report Abuse
Ampabella: when it move ... you won't smell it ... u ll be like Rosmah .... greed ... karma ... negative thinking .. bring u no where ... cheap guys looks cheap stock. This is a blue chip in the making ... for cash rich ppl ... u different level . Stay away !
Stock
Stock
2017-03-23 19:32 | Report Abuse
Nestle Global Procurement Centre already Based in Shah Alam as announced by The Star last December. Hence I believe the Sales going to increase once new production line start
Stock
2016-10-03 22:48 | Report Abuse
Innovation and the future of Nestle , exclusive interview by NST on June 2016 ...... Question: As Malaysia is a regional hub for you, what are your observations on the logistics? Answer: I think the logistics are good, as well as the infrastructure. What we need to do (is) ready ourselves for the years to come. I want Nestlé Malaysia to be the most competitive company in Asean. But, it’s not as easy anymore because you have (other) countries coming up. Vietnam is coming up very fast (and) Indonesia is investing. So, let’s make sure that our advantage is not shrinking and we keep ahead of the curve. Malaysia has always been ahead of the curve. And you bring people over. Recently, we had our global procurement team here. We will establish one of our global procurement hubs here in Malaysia. This is a big one. We have been all over Asean. Originally, we were not the first to be listed, but we were able to convince them that Malaysia has the infrastructure and talent. Today, it is not only about infrastructure. It is also about the software and talent. What will be very conclusive is English education and digital education because that is where the service industry is going in the future. It is a very important criteria to bring in these global hubs into Malaysia, and we are a forerunner. We are also very grateful to MIDA (Malaysian Investment Development Authority) and MITI (International Trade and Industry Ministry) for working with us. They have really made it possible to bring this global procurement hub to Malaysia and not anywhere else. Question: When you say procurement hub, what do you mean by that? Answer: In the future, Nestlé is going to have three global procurement centres in the world. One is, naturally, in Switzerland. One is going to be in Latin America, in Panama, and one is going to be in Malaysia. (The global procurement hubs) will not only source for the region, but also for the whole world. Question: For Malaysia’s hub, will you also be buying for Nestlé Japan, Nestlé Thailand, etc? Answer: Yes, (but) not everything, it depends. There will be specific areas that Malaysia will be responsible for. But, we will also have global buying. This is a big testament of the confidence that Nestlé globally has in Malaysia, not only in Nestlé Malaysia, but also Malaysia as a destination. And you can imagine, the competition is intense because everybody wants to go into service and everybody wants to be involved in this. Question: Especially with the neighbours down south? Answer: Yes, but I think Malaysia has a lot of competition. It’s clear that we also have a lot of advantages. Question: So this centre will not be part of Nestlé Malaysia? Answer: No (it won’t), it is an independent entity. Question: Where will the centre be located? Answer: It will be based in Kuala Lumpur. I will give you more news (soon) because we are signing off some final things. MITI and MIDA still need to do some work, but I talked to Mustapa. He is very supportive and the government is also very supportive. I think we are almost there. Once it is official, I will also send you there, but we are closing in. Crossing fingers for Malaysia. I hope we will be able to make the last 100m. So that is in the planning, in the final stages.
Selanjutnya di : http://www.nst.com.my/news/2016/06/152254/innovation-and-future-nestl%C3%A9?m=1
Stock
Stock
2016-08-20 02:31 | Report Abuse
Like former Takaso become OCR land... I see few of their development lately
Stock
2016-08-20 02:28 | Report Abuse
Iris as a major is selling their block. Chances that's a new shareholder going to emerge. Rumour heard they going to develop their current factory land and change their core business as many money losing listed vehicle trying to change and become developers.
Stock
2016-07-08 23:15 | Report Abuse
Mother share at big discount compared to Wa performance
Stock: [TOMYPAK]: TOMYPAK HOLDINGS BHD
2021-02-25 23:51 | Report Abuse
Not bad for a company running on 40% capacity... still able to cover overhead & 17m yearly depreciation. Wait new management n sales term to fill up the capacity. Impotent old fart already being kick out after last 3 years of buying cheap shares.