Posted by Wow123 > 2022-05-20 19:36 | Report Abuse

my point of view their management team all are family & relatives how to improve on R&D. 2. Jewellery totally can't sell 3. Homecare products do not sell much only Ginseng coffee. onside factory in Plot 3 is almost empty and plot 42 on fake Jewellery, Water Filter, detergent & Toothpaste.

Posted by dragon328 > 2022-05-24 11:13 | Report Abuse

Zhulian offers good dividend but AEON may have more surprises

https://klse.i3investor.com/web/blog/detail/dragon328/2022-05-24-story-h1623391222-AEON_Bhd_is_the_best_Recovery_Play_with_a_potential_RM3_00_Dividend_Win

Posted by 1009 > 2022-07-13 18:01 | Report Abuse

公司的营收开始有一点的成长小迹象
主要原因Myanmar缅甸业务开始解封
目前带动大约近100万的业务慢慢变大
怎么都好•公司依然有能力稳住高股息
愿速远能越做越强•期待一飞冲天的到来

Posted by 1009 > 2022-10-12 18:44 | Report Abuse

在全球的通膨之下..
Zhulian依然保持不错的营收，
证明会员们对商品还有稳定的需求。

希望公司能研发更多刚需产品，
帮助更多会员们强化业绩，
让通膨中都能有更优越的收入，
建立一个非常值得让人奋斗的事业。

感恩Zhulian的大方派息..
愿继续做大做强，
让会员们都能成就更大的梦想！加油…

Posted by Goodprofit > 2022-10-13 09:42 | Report Abuse

Hi 1009 , don't dream management teams can achieve & an inventory for new products, impossible at the moment.

Posted by DividendGuy67 > 2022-10-15 17:34 | Report Abuse

After its Q3/2022 quarterly report showing YTD Operating Cashflow of only 16m, market sentiment has changed and now becomes fearful, so, I think we may have seen a peak, unless next quarterly report can show substantially higher Operating Cashflow. Zhu Lian's yearly dividend payment cost is around 78m, to maintain its high dividend. If you linearly extrapolate 16m to full year, that is only 22m so, it will have to dip into its Net Cash chest. If you look at its Net Cash recently, it continues to decline as it dips into its Net Cash. So, you have to be confident that Zhu Lian can stop its Net Cash from declining, else, soon, it will have to cut its high dividends as it is not sustainable to keep paying 78m in dividends every year when operating cash inflow is much smaller. I suspect this stock can keep falling before it gets better, unless somebody knows that its underlying business will turn around. It's not fully without risk. Looking at its business, 37% revenues from Food and Beverages, 26% Health Nutritionals, 18% Personal Care, 10% jewelry, 9% others. The Covid pandemic has hurt its business, some temporary, some permanent because of consumer shifts to online purchasing. 70% of its revenue is exported to Thailand. So, hard to get an edge here and most players look at the Operating Cashflow as proof of a turnaround. The comparable number of this year's 16m is last year's >100m Operating Cashflow, so, that's a big big drop from last year. Even net of cash, based on last year's earnings, the business is priced at a P/E of 15 at RM1.91, meaning if this doesn't grow, then, it's rather expensive. I think this is why market doesn't know and price has been sideways range for 18 months. I like to think the next direction is up as Operating Cash of 16m is already so low, but who knows ... if that number keeps staying low, price can fall. Because of the uncertainty, a dividend investor's protection is to keep the total ownership of Zhulian to a small % of its portfolio, so that poor returns will not significantly impact one's dividend's portfolio.

Posted by Goodprofit > 2022-10-28 18:17 | Report Abuse

sooner or later price sure fall due to now at moment no new products

Posted by pang72 > 2023-01-18 18:35 | Report Abuse

Negative QR..
Dividend trap

Posted by Goodprofit > 2023-01-19 09:18 | Report Abuse

next also Q also at
loss due to no new inventory

Posted by DividendGuy67 > 2023-05-04 17:40 | Report Abuse

ZHULIAN high dividend yield is not sustainable by the business. Last FYE EPS is only 8.33 sen. The year before 9 sen. Whereas Total Dividend paid is 3+3+3+3+5 special dividend = 17 sen, more than earnings. For now, it has a cash chest but that cash chest is declining as the business doesn't support the dividend payout.

A long term dividend investor's fears is a dividend cut. Right now, at RM1.85, the Dividend yield is very high since 17 sen / 1.85 = 9%. However, if long term dividend is 8 sen, then, the Dividend can get cut by nearly 50%, dropping that down to 4.5%. Why take the risk? Keep your money in EPF and earn 5%-6% safely.

The business model that relies on emotional connections with individuals is at threat. Something seems broken, as economies have reopened, yet, last Q EPS is weak at only 1.49 sen. Extrapolating gives 6 sen EPS for the whole year, that's not good.

Even if one is optimistic that ZHULIAN can earn 9 sen going forward in EPS and assuming we require 6% dividend yield (to be better than EPF), price needs to drop to RM1.50 before I am interested.

Posted by DividendGuy67 > 2023-05-04 17:44 | Report Abuse

ZHULIAN operating cashflow is still negative for Q1/23. If company keeps losing monies, how can it continue to pay its high dividend of 3+3+3+3 + 5 special dividend. Eventually, that special dividend of 5 sen will get cut to zero. Then the table 3 sen quarterly dividend will get cut to zero eventually. Then what?

Basically ZHULIAN's business needs to make Operating Profit again to support its future dividends.

Posted by speakup > 2023-05-04 17:46 | Report Abuse

DividendGuru, if u like dividend go for Alaqar Sunreit

Posted by DividendGuy67 > 2023-05-04 17:49 | Report Abuse

Or put another way, to support 3+3+3+3+5 sen dividend = 17 sen dividend needs 78 million payout.
Investing activities may add 8 million.
So, Operating Profit needs to get to 70 million in a year.
Last Q1, Operating Profit is negative. How to make 70 million Operating Profit a year to support the 17 sen dividend?
For sure, that dividend is going to get cut, if the business doesn't turn around.

So economies gloablly have reopened for nearly a year now. Yet, how come ZHULIAN cannot make an Operating Profit yet??? Something is broken ... the question is - is it broken permanently?

Posted by DividendGuy67 > 2023-05-04 18:11 | Report Abuse

speak, I have Alaqar, but chose not to own Sunreit.

Posted by speakup > 2023-05-04 19:33 | Report Abuse

IMO, dividend wise Alaqar is better than Sunreit. But Sunreit is more stable, diverse

Posted by speakup > 2023-07-13 08:13 | Report Abuse

Zhulian PE 40x!
super high!

Posted by Dehcomic01 > 2023-10-03 09:32 | Report Abuse

This is a multi-level marketing company initially distributing gold-plated jewellery through its channel. However, in 2021, jewellery accounted for about 10% of the total revenue. So when looking at Bursa companies which can be proxies for gold, I left out Zhulian but instead focus on others such as Poh Kong or Tomei. Refer to Are there Bursa proxies for gold? https://www.youtube.com/watch?v=CvdIyx3eAWA

Posted by smartly > 2023-10-11 21:33 | Report Abuse

eps = 4.89sen and declared 9sen dividend as of now.
how to sustain high dividend ? using own cash reserve ?
extremely high pe. better avoid.

Posted by DividendGuy67 > 2023-11-07 00:19 | Report Abuse

I took the opportunity to exit my entire position in ZHULIAN at 1.9.
I didn't make much money on price - the gains barely covers commissions.
I made money via dividends. After subtracting all expenses, I made around 4.1% per annum returns from ZHULIAN, which beats FD, but didn't beat EPF.
I didn't feel comfortable to continue owning ZHULIAN, relative to so many good investments out there to own when their prices are depressed. Hence, taking the opportunity to sell my small holdings in ZHULIAN to raise cash as my cash is too small as so many good investments when prices were lower this year. Thank-ful, I didn't lose monies in ZHULIAN. The business is better to avoid.

Posted by Income > 2023-11-16 07:48 | Report Abuse

I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors. I speak from experience.

Posted by Income > 2023-11-16 19:18 | Report Abuse

It's hard to predict the future until we see this month's inflation results. However, historical data consistently show that stocks tend to outperform bonds in the long term. Therefore, I'm staying in the market and focusing on selecting high-quality stocks. The challenge lies in identifying these stocks.

Posted by cooledhawk123654 > 2023-12-06 22:01 | Report Abuse

Wah....big boss mr Teoh started selling his shares...any bad things going to happen?

Posted by Keqing Tan > 2023-12-08 10:13 | Report Abuse

why keep disposed? or it just boss need to collect cheap ticket?

Posted by GroetjesuitNederland > 2023-12-15 23:01 | Report Abuse

Keqing Tan

why keep disposed? or it just boss need to collect cheap ticket?

Constant and steady selling. Obviously thinks the price will go up and doesn't want to be too rich, or ........?

Only selling off his trustee shares, maybe so far.

Run while you can

Posted by cooledhawk123654 > 2023-12-21 10:17 | Report Abuse

ZHULIAN IS GONE

Posted by FlyingEagle > 2023-12-21 10:21 | Report Abuse

What is happening ?

Posted by azrudin84 > 2023-12-21 11:12 | Report Abuse

no more growth.

Posted by DickyMe > 2023-12-21 11:14 | Report Abuse

Direct selling, pyramid scheme mana ada growth!

Posted by NatsukoMishima > 2023-12-21 15:43 | Report Abuse

Business model is gone!

Posted by cooledhawk123654 > 2023-12-21 16:14 | Report Abuse

so far dont know what is happening to it

Posted by FlyingEagle > 2023-12-21 16:37 | Report Abuse

insider only know, business model how come gone in 1 day ?

Posted by Jack888 > 2023-12-22 09:26 | Report Abuse

Nobody want... I want to take risk. Buy some.

Posted by cooledhawk123654 > 2023-12-22 10:08 | Report Abuse

selling pressure still there

Posted by wallstreetrookieNEW > 2023-12-22 10:16 | Report Abuse

This is undervalued stock, don't sell

Posted by wallstreetrookieNEW > 2023-12-22 10:16 | Report Abuse

Will rebound soon, don't worry

Posted by wallstreetrookieNEW > 2023-12-22 10:19 | Report Abuse

Dividend stock, no need to sell

Posted by Yippy68 > 2023-12-22 11:19 | Report Abuse

Wait till Jan 18, may be good dividend

Posted by Keqing Tan > 2023-12-22 14:06 | Report Abuse

everyone is running for who want to hold juz hold want sell juz sell for this dividend stock i think will juz hold if got cheaper buy back

Posted by NatsukoMishima > 2023-12-22 15:42 | Report Abuse

Their dividend can not sustain long term , lower n lower or even no dividend once insider finish dump !

Posted by DickyMe > 2023-12-23 10:34 | Report Abuse

Steady decline of revenue, indication of stagnant product sale and reducing customer.
Seems like GetRichQuick company.

Posted by nhbeen > 2023-12-23 10:44 | Report Abuse

Agreed with most of the recent postings here. Revenue and profit keeps dropping but the Company continues to pay dividend above its EPS. That will slowly but surely dilute the company's cash holdings. However, substantial shareholders cum directors will be more happy to keep receiving dividends and other perks.

Posted by nhbeen > 2023-12-23 10:46 | Report Abuse

Over the years, Zhulian does not seem to receover from slowing business growth and profit. No new products are offered or any potential new business joint ventures to bring the company forward. Wonder how long the Company can continue to stay ahead of other competitors and changes in the industry.

Posted by cooledhawk123654 > 2023-12-25 12:02 | Report Abuse

not sure will still give good dividend in the coming time??

Posted by KiasiPu > 2023-12-26 12:36 | Report Abuse

Down a lot and up so fast, why so drama?

Posted by Yippy68 > 2023-12-26 14:39 | Report Abuse

Haha. Many kena play out.

Posted by Yippy68 > 2023-12-26 17:02 | Report Abuse

@ where is @1009. the biggest promoter of Zhulian

Posted by DividendGuy67 > 2023-12-27 11:34 | Report Abuse

Wow, I was extremely lucky to have exited completely, before Ah Beng started selling off his shares.
I sold off at 1.90 at a small profit (due to dividends, but nothing on price gains).
Now trading at 1.62/1.63.
Is it worth to buy at 1.62?

The problem with ZHULIAN is that its earnings is still lower than the dividends paid out.
For 9 months ending Q3/23, total EPS is only 4.89 sen. Annualizing gives 6.5 sen. It pays out 3 sen dividend every quarter and final quarter is 8 sen (+ 5 sen Special Dividend) for a total of 17 sen.
The shortfall is 10.5 sen. Cost to ZHULIAN = 10.5 sen x 460m = RM48 million.

It's cash holdings has shrunk to RM161m. At this rate, in just 3+ years, all of its cash holdings will disappear if business remains status quo, to support dividends. It's cash holdings is only worth 35 sen, not RM1.62.

If it's business is able to generate 6 sen per annum, with risks of declining, noone would pay a P/E of more than 10 times in a declining EPS scenario. This declining business is worth 60 sen at the most.

Plus 35 sen cash gives 95 sen valuation. Hence, trading at RM1.62 looks expensive still, unless there is line of sight that its business is going to turn around.

Hence, everything depends on its business model.

The hard question is why did its EPS keep shrinking initially gradually every year and in 2023 appears to be accelerating in its fall?

2015: 12.5 sen
2016: 9.1 sen
2017: 11.5 sen
2018: 11.4 sen
2019: 10.8 sen
2020: 10.2 sen
2021: 9.9 sen
2022: 8.3 sen
2023E: 6.5 sen.

This decline is very persistent over past 8 years.

What has ZHULIAN management been doing the past 8 years?

Is this something in ZHULIAN's management powers to arrest the 8 years of EPS decline?

Recent price crash and recovery may not be the end of a longer term downtrend.

Posted by DividendGuy67 > 2023-12-27 11:40 | Report Abuse

Looks Ah Beng is forced to stop selling for a while as price has crashed.

But he still owns 48 million Direct + 231 million Indirect = 279 million total
Last round this month, he barely sold 1% of that and price crashed.
There is no way he can realize the remaining 99% at 1.6. More likely, it will be around 0.5 if he really wants to exit. Of course, he might just be selling the 1% to raise spending cash, and still hold the 99% but it doesn't bode well long term for this company, if selling 1% causes price to crash. He picked the wrong time to sell - he should have disposed much earlier like 10 years ago when its price was rising exponentially with high volume.

Posted by DividendGuy67 > 2023-12-27 11:49 | Report Abuse

Ah Beng is in a tight spot now.

With recent selling in December, and price crash, it will surely attract SEC attention.

And we know the 5 sen Special Dividend traditionally reserved for the coming Q4 is not sustainable anymore, when 9 months earnings is not even 5 sen, but 4.89 sen.

Special Dividends are not guaranteed.

But because Ah Beng sold, I bet he's going to try to still pay the 5 sen Dividend to avoid SEC scrutiny for insider trading. So, I think, notwitstanding its low earnings, I think more than 50% odds, ZHULIAN will still try to pay the 5 sen Special Dividends, to avoid SEC scrutiny for insider trading. And they will spin that their business model is still fine, cash still positive, nil debts, etc.

But this time, the price rally will not sustain - it will more likely show a lower low. In next 12 months, unlikely to exceed 1.8, unless there is a positive earnings surprise from a new business model or something similar.

But in the scenario for dividend maintenance (best case, 17 sen for 2023), after payment of this final special dividend, if ZHULIAN is responsible, it should start to flag out expectations for lower future dividends. If it doesn't call out these future expectations, then, you are dealing with shareholders who are not transparent.

IMHO, this process of regular selling by Ah Beng in December is a strategic mistake. It is possible (but no one really knows) if he panicked knowing the business keeps getting worse after 8 years.

Posted by DividendVen > 2023-12-27 12:01 | Report Abuse

why share price drop so much recently, board tussle?