Posted by Stock Eyes > 2021-02-16 21:03 | Report Abuse

柔佛珍持续面对满负荷生产局面，并每年再投资填补新的工厂空间和增加产能

Posted by Stock Eyes > 2021-02-16 21:08 | Report Abuse

2. 稳定的乳制品销售盈利率

Posted by Stock Eyes > 2021-02-16 21:18 | Report Abuse

3. 简单健康资产负债表 BALANCE SHEET

Posted by Stock Eyes > 2021-02-16 21:28 | Report Abuse

4. 每季度派发股息

Posted by moneySIFU > 2021-02-16 21:51 | Report Abuse

写得不错，谢谢分享

Posted by i3investor007 > 2021-02-16 21:56 | Report Abuse

I think you should explain also the increase in production capacity enable the company to get more sales

Posted by Flying Fox > 2021-02-16 22:01 | Report Abuse

Very hard working, not easy to invest, now need to write article in order to earn money in stock market, haha

Posted by Stock Eyes > 2021-02-16 22:13 | Report Abuse

i3investor007, we can see in the table, the dairies sales always increased tremendously once new production lines installed, the management had indicated that demands are always there

Posted by Stock Eyes > 2021-02-16 22:17 | Report Abuse

The management has been prudent to reinvest and to reward its shareholders over the years

Posted by i3investor007 > 2021-02-16 22:19 | Report Abuse

Thanks for reply, your explanation makes sense

Posted by Stock Eyes > 2021-02-16 22:28 | Report Abuse

我们可以从图表看到，产能的增加 = 来年的乳制品销售增加

Posted by Stock Eyes > 2021-02-16 22:34 | Report Abuse

Johotin其实已经在2020年中增加了50%产能，可惜遭遇新冠疫情

Posted by Stock Eyes > 2021-02-16 22:45 | Report Abuse

也许这个图表更能清楚知道再投资和增加产能对来年的乳制品销售带来怎样的影响

https://klse.i3investor.com/files/my/blog/img/bl6842_johotin_ppe.png

Posted by paperplane > 2021-02-17 10:36 | Report Abuse

应该多分析成本架构，然后是否可以将成本转移。

Posted by Stock Eyes > 2021-02-17 11:11 | Report Abuse

我其实已经做了这个成本架构和成本价格浮动对盈利的影响，但需要很多预判 (assumptions) 和设定价格对比盈利模式，里头有很多主观因素选择(personal presumption & judgement)。

有想过分享，但感觉很技术，解析起来也不容易，因为要假设未来的变动

Posted by Stock Eyes > 2021-02-17 11:19 | Report Abuse

最大的缺点莫过于：
我本身不是来自于乳制品行业，所有的假设性分析都是纸上谈兵和外行充在行，当然我可以选择说最好的来引导读者，这个其实一点都不难，但不想这样做

Posted by Stock Eyes > 2021-02-17 11:26 | Report Abuse

所以我的中心点将会是：
1）董事管理层的能力，决心和执行能力-9年不间断的每个季度的股息发放，持续再投资产能+持续销售增长，未来的发展潜力
2）乳制品行业-食品类，持续需要的食品，不管有没有疫情或者政治变动
3）产品市场定位-中下，避开面向知名品牌竞争

Posted by paperplane > 2021-02-17 11:27 | Report Abuse

YES. my assumptions is basically consumer product is demand inelastic, hence good day, bad day demand is there and they willing to pay higher even cost gone higher, so easy to pass the cost

Posted by moneySIFU > 2021-02-18 11:44 | Report Abuse

Good conversations

Posted by 1288 > 2021-09-24 10:48 | Report Abuse

thanks for sharing