Perangsang Selangor’s Operating Profit Leaps by 70% for the Third Quarter • Inaugural contribution from Toyoplas • Strong turnaround in PAT on stronger earnings dynamics
HIGHLIGHTS FOR THE QUARTER ENDED 30 SEPTEMBER 2019 Manufacturing businesses posted a stellar 93% growth, contributing RM196.0 million to the Group’s revenue, compared to RM101.5 million in the corresponding period last year. Century Bond Bhd (“CBB”) posted a stable 11.6% growth in revenue of RM53.9 million on higher traction from the carton division. CPI (Penang) Sdn Bhd (“CPI”) maintained its influence, contributing revenue of RM44.3 million, growing 9.4% since the corresponding quarter last year with 84% of the revenue contributed by its engineering thermoplastic (“ETP”) business. King Koil Manufacturing West Inc. (“KKMW”) contributed the remaining revenue of RM23.9 million, growing 88.2% YoY on higher capacity utilisation and stronger sales to wider group of customers. With regards to its manufacturing businesses, this quarter saw Perangsang Selangor chart new growth trajectory in its core investments in the manufacturing sector with the inaugural revenue contribution from Toyoplas Manufacturing (Malaysia) Sdn Bhd (“Toyoplas”). Toyoplas made its maiden contribution of RM73.9 million, driven mainly by the consumer electronics and industrial tools, operating out from its plants in China, Indonesia & Malaysia. Further contribution to the Group’s revenue was derived from the trading business with Aqua-Flo Sdn Bhd (“Aqua-Flo”), returning RM30.2 million, growing 7.1% from the RM28.2 million it contributed in the corresponding quarter last year. At RM30.2 million, Aqua-Flo contributed approximately 12% to the Group revenue.
Time is still needed to optimize cost structure to achieve group synergy between newly acquire Toyoplas + exiting CPI and newly acquire Taspack + exiting Cenbond.?????????????? Exiting? Or existing?
Effective 1st Jan 2020 sprint will be allowed to increase their toll charges, new rate...so any nego will hv to conclude asap....watever it is...is a win win for kps...if sold...a big 4th qtr gain....if not , more earnings from increase of new toll rates...kps shd trade much higher by then
profit guarantee of toyoplas is 35 million /year, CPI is 25 million /year. Cenbond current profit is about 10 million/year. Collectively these 3 is about 70 million. As for others maybe another 3 to 5 million/year. When all the companies are taken together KPS should have about minimum EPS 10sen per year. The most bright prospect is smart pipe which could take it to another level. With a lot of cash from selling previous business, dividends should be okay. I think generally at this price I will collect. The only issue is funding. Does anyone has information on total financing cost? I think that's why profit is lower than it should reflect. Anyway at current pricing is quite safe for now.
Paper packaging and carton boxes company After announcement Q3 result PPHB--from 0.78 to 1.09 up 40% ORNA--from 1.02 to 1.16 up 11% MASTER --from 2.20 to 2.60 up 18% KPS --from 0.74 to 0.725 share price down and very poor performance.
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 492 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12609 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
yip_net
298 posts
Posted by yip_net > 2019-11-24 23:10 | Report Abuse
Paper packaging and carton boxes company
Master-pack profit up 377%
Ornapaper profit up 68%
Can Century Bond bring higher profit to KPS?