On quarter-on-quarter basis, the Group recorded an increase of 32.39% in revenue mainly due to increase in revenue in nonwoven division in Malaysia, Thailand and Japan, and also increase in revenue in felts division in Malaysia and Indonesia. On year-on year basis, the Group registered an increase of 5.37% in revenue mainly due to increase in sales in nonwoven division in Malaysia and Japan market and increase in sales in felts division in Thailand, Indonesia and Philippines market. The Group recorded an increase of RM1.381 million in net profit on quarter-on-quarter basis was mainly due to increase in revenue and foreign exchange gain. The increase of RM1.425 million in net profit on year-on-year was mainly attributable to higher revenue and foreign exchange gain albeit there were increase in depreciation expenses in Indonesia, trial run expenses for new production line and some fixed asset written –off during shifting in Indonesia.
--> albeit there were increase in depreciation expenses in Indonesia, trial run expenses for new production line and some fixed asset written –off during shifting in Indonesia.
explanation: early 2016, their results were not so good because of this reason... so we can expect 2017 will be even better than 2016 as its new line in indonesia is now in operation... previous the operational cost is also higher due to the commissioning of this new line and "dual expenses" (as explained by Management) as they need to maintain the old and new lines at the same time...
and dun forget about their products are consumer products/necessity... u need diapers / sanitary pads regardless of how bad economy is... and global population will definitely grow.. and more demand...
so i am setting at least 70-80sen as target price for this share...
Q3: Prospect for Year 2016 Barring unforeseen circumstances, the Directors anticipate the Group’s performance for the financial year 2016 to be better than the financial year 2015.
Yes, they proved it to be the case!!!!
Q4: Prospect for Year 2017 Barring unforeseen circumstances, the Directors anticipate the Group’s performance for the financial year 2017 to be better than the financial year 2016
again, let's see if they can make it again!!! (i think they will... sales will definitely increase due to increase of population, if they dont lose out to competitors)
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Kai Shien Ks
262 posts
Posted by Kai Shien Ks > 2017-03-08 00:03 | Report Abuse
0.6 no problem in this month