Posted by jameslim88 > 2013-05-26 20:45 | Report Abuse

Div for year 2012 is 2.11 cents

Posted by leelc70 > 2013-05-27 09:48 | Report Abuse

How u know this year div? official announce already? shd demand for more div as the company's cash piling lot of cash with no much capital expenditure

Posted by jpleow > 2013-05-27 13:15 | Report Abuse

For the past 2 years, they proposed for a dividend in 4th quarter report, but this time not in 4QFY12 report. This is unusual, maybe a hint that there is no dividend this year.

However, there is still a chance that they may declare a dividend entitlement when they announce 1QFY13 report, which is due by end of this month, similar to what they did in last 2 years. If not, then no hope for dividend this year. Then I will be highly suspicious of their accounting!

If they follow the same dividend payout ratio (20% of PAT) like last FY, then we can expect 2.324 sen this year.

Posted by leelc70 > 2013-05-27 14:22 | Report Abuse

thank you for the info

Posted by jpleow > 2013-05-27 15:39 | Report Abuse

Directors of MSports should read this article:

小股东大权利：龙筹股东盼股息
http://www.nanyang.com.my/node/536747?tid=687

Posted by leelc70 > 2013-06-15 11:04 | Report Abuse

still no news on their dividend payout and it also no mentioned on their coming AGM resolution. No point to keep them as no dividend as compensation to hold the price declining

Posted by leelc70 > 2013-07-24 17:36 | Report Abuse

price getting lower and lower even index already break 1800. Among the worst performance China counter.

Posted by s466466 > 2013-07-24 17:37 | Report Abuse

all china company listed at malaysia same.....kanasai

Posted by leelc70 > 2013-07-24 17:43 | Report Abuse

this counter even not heavy traded also can not sustain its price like its peer Maxwell and XDL

Posted by Albert Baker > 2013-08-13 13:04 | Report Abuse

Better to switch to other counter

Posted by rlch > 2013-08-25 19:31 | Report Abuse

EPS improve to 2.33sen from 1.45sen in Q1. Net cash remain high ie 242 million double current market capitalisation. NTA 82sen. No selling reported by major shareholders unlike CSL.

3. Prospects for FYE 2013
Our Company believes that the demand for sports-shoe soles and sports shoes in China will increase in the future. However, in the near term, the Group expects challenging market conditions to persist, plagued by de-stocking of inventories and continued discounting by several market players. Instead of focusing on closing book orders which might not be too profitable to the
Group, the Group would undertake necessary reforms and adjustments, focus on higher margin orders, manage its overheads and other operating costs in order to improve its operating performance. Barring any unforeseen circumstances, the results for FYE 2013 would still be profitable.

Posted by inwest88 > 2013-08-25 20:03 | Report Abuse

Read the article on why investors should not touch China-listed stocks !

Posted by leelc70 > 2013-08-26 11:36 | Report Abuse

Due to misallocation of credit to spurs the economy, banks of China most likely to give credit to government linked companies, state government, local government to build up their infrastructure, facilities or housing development to fight against their double digit GDP growth. Private small and medium size companies hard to obtain credit and force to standby cash for any emergency or expansion purpose. That is why althought their company reported a plenty of cash but no diviidend policy to retain shareholder. Most of SMI there force to borrow money from shadow bank and forced for higher interest rate. Hopefully with the new government of China will note on the matter and direct their commercial bank to concern their small medium industries

Posted by YHChan > 2013-09-26 17:44 | Report Abuse

This counter is getting warm...then warmer

Posted by leelc70 > 2013-09-26 17:51 | Report Abuse

yup, surprising up with transaction volume more than 5m

Posted by joyee528 > 2013-09-26 20:42 | Report Abuse

better buy in

Posted by YHChan > 2013-10-01 09:59 | Report Abuse

Today buying percentage shows only 37%, but still can go up +0.005 at 0.24, seems very strong... someone must be buying it silently... so don't miss the boat when it suddenly goes up...

Posted by FreeThink > 2013-10-04 11:03 | Report Abuse

hey, wake up lah...your big big brother coming to visit Mal....

Posted by James Lim > 2013-10-09 02:10 | Report Abuse

晋江新闻网9月24日讯 在晋江鞋材行业，百兴集团总有出人意料之举。先是作为本地首家在马来西亚成功上市的鞋底企业；再到台湾(TDR)挂牌，成为中国大陆第一家也是目前唯一一家双边上市的鞋底企业；如今，百兴集团跳出鞋行业，重磅推出时尚男装品牌———艾多玛EVIDOMA，再度吸引了同行的目光。

　　百兴集团这一系列“惊人”举动幕后的操盘手，是该公司的总经理林丽影，一个80后的“创二代”。优雅与知性并重，细腻又不失果断，作为“创二代”中的一朵铿锵玫瑰，林丽影带领百兴集团实现了数次华丽转身。而这次，从鞋材领域到男装行业，这场全新的异业扩张之旅，林丽影又将开着“百兴号”驶向何方？

　　跨界时尚休闲男装

　　“并不是做鞋底的企业，就一定要向成品鞋领域延伸！”在外人看来顺理成章的上下游产业链延伸，到了林丽影这儿却跳出了传统思维模式。去年10月，作为双边上市后的首个集团战略规划，百兴集团决定启动时尚品牌男装项目。

　　事实上，这个看似大胆的跨界延伸，是林丽影经过权衡利弊、再三思考的结果。“2008年，本土体育用品行业达到巅峰后进入了行业调整期，行业下滑之势日益明显，而这个时间段，启动运作运动鞋品牌项目基本上没有成功的案例。”所以，延伸到品牌成品鞋领域并不被林丽影和百兴看好。

　　但百兴刚刚经历二次上市，启动新兴项目扩展集团规划的战略需求却迫切摆在林丽影面前，考虑到晋江所处的大泉州鞋服产业集群优势，特别是在产业链和人才团队方面得天独厚优势。于是，林丽影首先将产业扩张初步锁定在儿童用品和成人男装两个行业中。

　　她进一步表示，比起儿童鞋服市场，成人男装在定位、调性、渠道拓展等多个方面都更清晰明确，其消费群体的品牌忠诚度较高，未来发展空间更加广阔。举个简单的例子，儿童鞋服用品的消费群体受众往往从0岁一直到12岁，产品线跨度大，品牌依赖度并不高，这对于首次涉足终端品牌运营的百兴，其操作难度更大，相比之下，成人男装才是“顺理成章”的集团化产业延伸。

　　“服装消费的巨大市场吸引我们将发展视线放在品牌服装的运营方向上，男性消费者消费购物目的性很强，更看重产品品质和品位，有较强的品牌依赖性。百兴20年来第一次将产品延伸到终端、品牌领域，我们要做的是长远的事业，男装的消费习惯及品牌依赖性促使我们最终选择时尚休闲男装。” 不看报告实地考察

　　方向定了之后，林丽影又开始思考，百兴集团旗下的男装究竟要以怎样的姿态进入市场？

　　“目前市场上一些相对成熟的时尚男装GXG、JACKJONES等，以其丰富款式和性价比优势，已经将年龄段偏小的年轻群体牢牢琐住，如果我们的男装和他们放在同一商场里，想避开让消费者做二选一的直面竞争，那么，定位更加成熟年龄层的消费群体应该是一种不错的尝试。”林丽影分析道，所以，25~38岁之间的都市新贵，也就是那些有一定消费能力，或有一定职场经验的人群将成为他们的主力消费群体。

　　根据调研，介于商务和休闲风格之间的产品还有空间，因此，定义差异化的欧美轻简风格才能让新生的艾多玛EVIDOMA迅速脱颖而出。

　　为此，林丽影付出了比别人更多的辛勤努力，在决定启动时尚男装项目后的两个月里，她摇身变成了“空中飞人”，足迹几乎遍及国内各大城市。她曾坦言，百兴做工厂20多年，拥有丰富的生产技术和成本控制优势，可以说在内部管控能力上毋庸置疑，但在新业务外协生态链的建立方面却是一片空白，更不用说是在品牌的终端运营上了。

　　所以，为了寻求与其更匹配的供应商，她决定先走访国内相对集中的鞋服产区，如广东、江浙一带。每一家有可能和艾多玛EVIDOMA配合的供应商都成为林丽影亲自走访的对象，她不厌其烦地带着公司品牌部、商品部工作人员上门拜访，相互沟通。

　　“对于刚刚起步的艾多玛EVIDOMA来说，我们希望从有研发能力的工厂中获取更准确、更流行的商品讯息。一般情况下，他们的产品信息资讯会比品牌运营商更发达30%，所以，这些对配合工厂的走访交流显得更加重要，我不能拿着手下给我做的调研报告选择最合理的供应商。”林丽影说道。

　　事实上，无论是在男装项目还是在集团的其他项目上，实地考察早已成为林丽影工作中最具代表性的动作，她笑言，自己在管理工厂时，经常因为货期赶不出来，品质无法保证要直接跑到车间，拿起鞋底和管理人员面对面交流，这样效率才高。

　　历经两个月横跨南北的市场考察，根据品牌定位和产品结构分析，林丽影最终制定出一套相对系统的终端布局，艾多玛EVIDOMA采取的是省、地级市商场结合的立体式销售渠道，这对避开目前市场上成熟男装的直面竞争也起到了一定的保护作用，给予了新兴的艾多玛EVIDOMA更多的时间成长和完善。据了解，目前，艾多玛EVIDOMA已在辽宁、河南、山西等地的龙头商场落地生根。

　　两大模块齐头并进

　　林丽影的努力换来了回报。在今年年初的2013中国国际服装服饰博览会(CHIC)上，艾多玛EVIDOMA首度惊艳亮相。“艾多玛正用简约随性的都市新贵风格出席此次盛会；同时也将以全球视野，兼具对世界的包容，吸取欧美流行时尚着装精华，倾力为中国时尚男士设计独一无二的服装。”林丽影表示。

　　在时尚男装项目启动推进的同时，百兴集团下属的主营业务———百兴鞋材也在谋划转型升级。百兴标准化工业园拔地而起，几条全新生产流水线早已调试安装完毕，在拥有现代化的开发、生产设备及完善的管理机制后，百兴鞋材凭借成熟的生产技术和完善的综合配套体系，在鞋底行业内越做越精，特别是借助上市平台，百兴的综合实力水平也得到进一步提升。

　　林丽影再三强调，自己是和晋江鞋子一起长大的，每每看见陈埭鞋都的一片繁荣，自己总是感慨万千，所以，公司在鞋材主业上仍然会坚持不懈。她表示，未来，百兴鞋材竞争的优势应该体现在高科技、新技术上，尤其是在近两年运动鞋行业受整体经济大萧条环境的影响，百兴鞋材的高科技鞋底革命势不可挡。

　　所以，百兴鞋材不仅引进了国内外先进的鞋材配套生产、检测设备及作业流程，并建立了电脑管理中心，保障了产品的研发和品质，并大幅度引进台湾管理团队，在专业人员组建上，汇聚了国内一流的设计师、高级管理人才，为产品的开发和企业的管理注入新鲜血液。

　　“事实证明，这支团队带来台资企业先进的管理模式。此外，有了他们的加盟，这两年我们在新品研发上也取得了很大突破。我们现在很多高新产品，都是其他同行无法生产的。这也是我们应对当前行业危机的最大信心。林丽影表示，这一做法对百兴集团鞋材业务模块这几年的进步起到了至关重要的作用。

　　“日后，艾多玛EVIDOMA和百兴鞋材都将作为集团旗下两个重要业务模块，独立运营，最终共同推动百兴集团化战略发展。”这才是林丽影心底描绘的百兴集团的美丽蓝图。

　　对话

　　未来三年

　　男装业务超鞋材

　　晋江经济报：从材料商领域涉足终端产品领域，百兴集团战略规划如何？

　　林丽影：多元化是百兴集团发展的必然结果。日后百兴不是一个单一的鞋材公司，而是一个以鞋业为主，涉足商贸、终端成品等多元化发展的集团。

　　而百兴鞋材、艾多玛男装同属百兴集团旗下，是独立的两个业务领域，鞋材是百兴集团的根本与最在行的部分，我们会稳定及巩固现有的部分，并谨慎保障其稳定提升。而艾多玛是百兴集团第一次涉及终端市场，毕竟我们看好终端内销市场，这一市场是非常巨大的，所以，我们将通过一系列品牌运作、渠道布局及商品定位，计划在未来三年，男装业务比例最终将超过鞋材业务。

　　晋江经济报：百兴集团发展现状如何，特别是上市对其有何裨益？

　　林丽影：过去20年，百兴一直致力于鞋材加工行业，从纯加工发展到目前集研发、来料加工、各配套生产为一体的一站式生产型企业，在客户结构、订单来源及内控体系上均非常稳定。

　　一家鞋材企业能够通过严苛的上市审核标准，本身就是企业综合实力强盛的体现。拥有上市企业的头衔后，百兴鞋材也获得吸引更多高端客户的机会。高端客户一般注重产品品质和准时的交货期，专业研发水平优秀的企业能更好地把控产品品质的稳定和特性；同时，具有一定生产能力的企业，对交货期的把控上能够完成大批量的订单生产。这两点恰恰都是百兴鞋材所拥有的，只要质量、技术跟得上，就能获得更多订单。正因如此，除了配套国内一线品牌外，这两年百兴开拓了一大批国际品牌，例如，国际品牌迈乐就和百兴建立了长期的合作伙伴关系。(记者＿张格格)

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Posted by leelc70 > 2013-10-09 10:15 | Report Abuse

Thanks James Lim for nice news coverage on their latest development. This counter news hardly obtained. Their PR not really update new development on their website

Posted by jpleow > 2013-10-13 14:01 | Report Abuse

I want to point out that there is no info of the EVIDOMA时尚男装品牌 in the Segment Information in Jun 13 quarterly report (pg 12, sect 7), only shoe soles segments shown.

Most likely the revenue is still too small to be included in the report. Don’t get too excited by this news. It may be good for long term but it is not contributing much to profit now.

Posted by James Lim > 2013-10-13 18:49 | Report Abuse

http://www.mzcan.com/taiwan/911626/irwebsite_c/index.php?mod=invest

Posted by Sekut Azan > 2013-10-13 23:59 | Report Abuse

I smell something here...

Posted by leelc70 > 2013-10-14 09:39 | Report Abuse

everytime when price rise up a big volume, when rise down with small transaction volume. It seems somebody to absorb the share in open market.

Posted by Sekut Azan > 2013-10-14 10:05 | Report Abuse

accurate...hehe

Posted by James Lim > 2013-10-16 05:43 | Report Abuse

http://www.kingdoon.com/kingdoon/evidoma.html

Posted by hamitouzhi > 2013-10-21 15:27 | Report Abuse

http://industry.ijjnews.com/system/2013/09/24/010510399.shtml

Posted by hamitouzhi > 2013-10-21 15:28 | Report Abuse

below 0.25 seems very cheap to invest.

Posted by freethink > 2013-10-23 09:38 | Report Abuse

wolf is coming again?

Posted by leelc70 > 2013-10-23 10:24 | Report Abuse

confirm somebody accummulate the stock, everytime the price rise with big vloume but low volume when price is go do. Need to patient to wait a blooming news if when to hold this stock

Posted by freethink > 2013-10-23 10:30 | Report Abuse

no matter how big the volume, the price range 1 - 1.5 sen only

Posted by hamitouzhi > 2013-10-23 10:56 | Report Abuse

aggreed

Posted by leelc70 > 2013-10-23 11:33 | Report Abuse

to us may not exciting, but to the big player with volume of transaction of 1-2m 1-1.5 cents can easily cover my few months salary income

Posted by eu7985 > 2013-10-24 21:26 | Report Abuse

Yes, I notice this too, I bought it when it start hot at market, play vli small, in n out on the same day, 0.215 to 0.225, earn hundred...wait it down back to 0.215 but this ctr seem like moving around 0.225 to 0.23, won't fall back 0.215..

Posted by rlch > 2013-11-09 17:31 | Report Abuse

Highlight in Star today has 236 million cash in hand vs market capitalisation 116million.(Cash 2X MC).

Posted by sephiroth > 2013-11-18 13:40 | Report Abuse

multi- u-turn to losses
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1463649

Posted by rlch > 2013-11-18 19:51 | Report Abuse

The loss is a surprise as this is first ever loss report by Msports. Recent share price weakness partly reflect this.

The loss was primarily due to an increase in preliminary start-up expenses incurred by newly incorporated subsidiary on renovation and transfer of store ownership.

3. Prospects for FYE 2013
Our Company believes that the demand for sports-shoe soles and sports shoes in China will increase in the future. However, in the near term, the Group expects challenging market conditions to persist, plagued by de-stocking of inventories and continued discounting by several
market players. Instead of focusing on closing book orders which might not be too profitable to the Group, the Group would undertake necessary reforms and adjustments, focus on higher margin orders, manage its overheads and other operating costs in order to improve its operating performance. Barring any unforeseen circumstances, the results for FYE 2013 would still be profitable.

Posted by leelc70 > 2013-11-19 12:05 | Report Abuse

the paper loss attribute to the high administrative and sales cost partly attributed to the diverse in garment business and no augur yet plus the shoe industries continue decline in term of sales and profit margin. If observe more in depth, cash flow still increase.

Posted by jpleow > 2013-11-22 18:40 | Report Abuse

Proposed Change of Auditors
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1469821

Sometimes Change of Auditors is a bad sign. It depends on the reason why the auditors resign but it is not specified here.

Posted by rlch > 2013-11-22 18:45 | Report Abuse

We should think positively. Present auditor fail to lift share price perhaps a change is good.

Posted by willc48 > 2013-11-22 18:49 | Report Abuse

what can a shares backup by sport shoes businesses and from China can produce a miracle in Bursa? Pls tell me which china-owned companies listed in Msia are doing well now after listing? It is all for quick bucks by speculative share investors.

Posted by jpleow > 2013-11-22 18:57 | Report Abuse

rlch, how do auditors lift share price?
By coorporating with the management's 'creative accounting'? LOL.

Posted by rlch > 2013-11-22 19:02 | Report Abuse

willc48, XDL is not doing badly. If one manage to buy XDL at 20sen and sell at 40sen he would have doubled his money this year.

People do not trust Msports book because of present auditor which is the same for many years. If the new auditor also manage to verify Msports book as true maybe people will look Msports differently.

Posted by willc48 > 2013-11-22 19:09 | Report Abuse

just watch and see-lah... XDL. Most of the Chinese owners already expressed their disappointments over listing in Bursa. Must businesses articles were published. Fundamentally, most of the Chinese invested into consumer durable goods that lacked brand quality and conscious in Msia. Many investors still prefer western brands than Chinese brands even though these Chinese brands may be known in China

Posted by rlch > 2013-11-24 22:36 | Report Abuse

Net cash 48sen vs share price 21sen why no one interested? Despite reported loss actually net cash increase qoq. Loss is due high tax expenses which is more than profit before tax. Hopefully change of auditor will bring good news to Msports.

Posted by kian_sing > 2013-11-25 12:49 | Report Abuse

what happened?....Suddenly drop a lot

Posted by qqq668 > 2013-11-26 09:56 | Report Abuse

Msport sell down to collect?

Posted by leelc70 > 2013-11-28 11:59 | Report Abuse

panic selling but in small volume, hope the new appointed auditor is international recognised auditor, if they also authentic the genuine of the accounting practice in the company, i do not see any excusses to the strenght of company who in the midst of diversified their business to end user market of own brand garment, Evidova

Posted by bestprice > 2013-11-28 18:15 | Report Abuse

wait and see....cibai cina company.

Posted by rlch > 2013-11-28 22:15 | Report Abuse

Don't give up on this stock. What happen to XDL this year could also happen to Msport next year.