Posted by Jeffreyteck > 2018-04-25 10:19 | Report Abuse

Still long way for TP 65.

Posted by shpg22 > 2018-05-17 18:37 | Report Abuse

Treat shareholder like beggar. Another set of lousy result.

Posted by Flintstones > 2018-05-17 18:59 | Report Abuse

This company will get revalued downwards. The venture into last mile delivery is value destructing to exosting shareholders for now

Posted by shpg22 > 2018-05-17 19:36 | Report Abuse

Downgrade fair price to 0.38 @ P/E of 11X.

Posted by Jeffreyteck > 2018-05-25 08:05 | Report Abuse

Finally dropped to own TP65. Revised down to TP50 amid poor results and weakening market conditions. 38 will be the jackpot which I would like to see it happens.

Posted by verhansolution > 2018-08-18 10:15 | Report Abuse

Buy back share.. Again..

Posted by verhansolution > 2018-08-19 20:16 | Report Abuse

http://www.theedgemarkets.com/article/ecommerce-southeast-asia-new-ebattleground

Posted by chkhooju > 2018-08-19 20:55 | Report Abuse

Strong support at 69 cents.

Posted by davejl > 2018-08-20 10:30 | Report Abuse

wow..sudden bump in the share price!!

Posted by Lim Tek Wai > 2018-08-20 10:46 | Report Abuse

Good profit, able to buy more nasi lemak already hehehe

Posted by James Ng > 2018-08-20 11:25 | Report Abuse

https://klse.i3investor.com/blogs/general/170295.jsp
[转贴] [CENTURY LOGISTICS HOLDINGS BHD，2018年物流业仍将面临挑战] - James的股票投资James Share Investing

Posted by Invest_168 > 2018-08-21 00:21 | Report Abuse

当股价大跌了一轮，投资价值也浮现了，买了就好好收着，耐心等待收成。不必让市场一些杂音所困扰！

Posted by Striker90 > 2018-08-21 09:41 | Report Abuse

If you believe in logistic growth, can invest TNLOGIS as well

Posted by Striker90 > 2018-08-23 22:17 | Report Abuse

http://www.theedgemarkets.com/article/jdcombacked-china-logistics-property-eyes-coinvestments-expand-cut-expenses

Posted by L2 > 2018-08-24 18:56 | Report Abuse

Courier takes flight wef 01SEP2018.

PURCHASE OF COURIER ASSETS BY CJ CENTURY LOGISTICS SDN. BHD. ("CJCL") FROM CJ KOREA EXPRESS MALAYSIA SDN. BHD. ("CJKX")

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=89107&name=EA_GA_ATTACHMENTS

1.2 ....CJCL will assume the entire last mile delivery services of CJKX with effect from the Completion of the SPA.

Posted by lanciao > 2018-08-27 14:31 | Report Abuse

Go die

Posted by godhand > 2018-08-28 13:45 | Report Abuse

Sexay

Posted by Mann5688 > 2018-09-09 14:30 | Report Abuse

Loss die

Posted by lanciao > 2018-09-13 22:00 | Report Abuse

买到这间logistics吐血

Posted by Nicholasming91 > 2018-09-13 22:01 | Report Abuse

看来你给人 con 了

Posted by lanciao > 2018-09-13 22:14 | Report Abuse

蓝交公司

Posted by imlearning > 2018-09-18 23:05 | Report Abuse

I'm bleeding ,what a sucks counter

Posted by Striker90 > 2018-09-30 15:59 | Report Abuse

http://www.chinapress.com.my/?p=1367065

Posted by davejl > 2018-11-17 13:15 | Report Abuse

I just saw a programme on 8tv, cjwowshop with the cj logo. anyone has any idea how this programme relates to the company?

Posted by commonsense > 2018-12-03 10:58 | Report Abuse

Those that are invested in this company will need to be a bit patient when expecting a higher PAT.

I believe that the jump in the profit level will only come once the multi storey warehouse is completed which is expected sometime in 3Q19. The warehouse will increase the company's courier capacity from the current 10,000 parcels/ day to up to 200,000 parcels/day. Breakeven can be achieve when the company reaches 100,000 parcels/ day. Currently the division is still in the red wit EBIT of -RM4.91mil. Expect higher losses until the completion of the warehouse.

The company has actually been able to grow the other 2 main division (Total Logistic and Procurement Logistic) at a combine rate of 43%. However this comes at an expense of margin (drop from a combine of 7.9% Ebit margin to only 6.1%) due to very high competitive logistic market (did not help that some platform owners like Lazada has started their own logistic services).

With all this in mind investors need to be prepare for a lower PAT in FY19 vs FY18. I am targeting a PAT of RM10mil in FY19 vs RM12mil for FY18. In terms of PE this translate to a Fwd PE of 19.1x.
But do take not, most analyst expect profit to grow in 2021 onwards (assuming completion of warehouse, 100k parcel per day for courier service and not so high margin compression for the total and procurement logistics businesses).

Those that are invested in the company will need to be patient and need to look beyond 2021. Management has track record of delivering revenue growth in the past.

For those that have shorter investment horizon, i would suggest them to find companies that could offer earnings growth in 2019.

With that in mind, i recommend them to look at MBMR. The company is a direct proxy to Perodua via its 22.6% interest. Valuation is cheap at only 5.3x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already at RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17.

Please go through analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.


Good luck.

Posted by Ggll9999 > 2018-12-19 14:18 | Report Abuse

New low again

Posted by lanciao > 2018-12-20 01:23 | Report Abuse

Wtf 买到烂股

Posted by imlearning > 2019-01-02 09:53 | Report Abuse

我已經虧死了，什麼時候才回本？

Posted by Mann Ng > 2019-01-09 12:20 | Report Abuse

a little bit up~~~

Posted by lanciao > 2019-01-09 23:20 | Report Abuse

很难啦这粒股票 没买的还是不要买好啦

Posted by myrKing > 2019-01-22 17:19 | Report Abuse

hope this counter will return good profit after a few years

Posted by lanciao > 2019-02-13 21:21 | Report Abuse

给他斗长命

Posted by imlearning > 2019-02-20 11:41 | Report Abuse

真的很慢，虧死了。

Posted by AlexanderLim > 2019-02-25 14:45 | Report Abuse

<3

Posted by stocking > 2019-02-27 16:34 | Report Abuse

Start moving now, someone is playing

Posted by shpg22 > 2019-02-27 19:29 | Report Abuse

Probably limit down tomolo

Posted by hornbill > 2019-02-28 00:25 | Report Abuse

RIP

Posted by stocking > 2019-02-28 08:56 | Report Abuse

many will be surprise at the end of the week

Posted by Chengheng Lee > 2019-02-28 09:03 | Report Abuse

What happened?

Posted by Foogo90 > 2019-02-28 21:25 | Report Abuse

Stocking what happen

Posted by yhlim93 > 2019-03-07 12:44 | Report Abuse

Many buying acitivities, time to fly?

Posted by notanking > 2019-03-13 11:51 | Report Abuse

flying liao

Posted by uptrending > 2019-04-03 12:26 | Report Abuse

SOURCE AR 2018 NOTE 32

NOTES TO THE FINANCIAL STATEMENTS
(CONT’D)
CJ CENTURY LOGISTICS HOLDINGS BERHAD
(Formerly known as CENTURY LOGISTICS HOLDINGS BERHAD)
(Company No. 424341-A)
32. SEGMENTAL INFORMATION (cont’d)
Segment Revenue and Results
The Group
Total............ Procurement
Logistics.....Logistics..... Courier
Services......Services..... .Services.. Elimination Consolidated RM’000 RM’000 RM’000 RM’000
RM’000
2018
REVENUE
External sales 258,526 130,956 11,516 – 400,998
Inter-segment sales 2,892 109 – (3,001) –
Total revenue 261,418 131,065 11,516 (3,001) 400,998
RESULTS
Segment results 11,786 9,435 (6,743) 766 15,244
Interest income 2,599 126 – (2) 2,723
Profit/(Loss) from operations 14,385 9,561 (6,743) 764 17,967
Finance costs (3,891) (14) (440) – (4,345)
Income tax expense (3,029) (711) – – (3,740)
Profit/(Loss) for the year 7,465 8,836 (7,183) 764 9,882
The Group Total Procurement
Logistics Logistics Courier
Services Services Services Elimination Consolidated
RM’000 RM’000 RM’000 RM’000 RM’000
2017
REVENUE
External sales 246,315 48,282 – – 294,597
Inter-segment sales 1,694 – – (1,694) –
Total revenue 248,009 48,282 – (1,694) 294,597
RESULTS
Segment results 18,106 3,292 – (45) 21,353
Interest income 1,592 813 – – 2,405
Profit from operations 19,698 4,105 – (45) 23,758
Finance costs (2,480) (165) – – (2,645)
Income tax expense (5,021) (834) – – (5,855)
Profit for the year 12,197 3,106 – (45) 15,258

Posted by uptrending > 2019-04-03 12:48 | Report Abuse

Market missed to take note of the outstanding performance of the Procurement Services...

Stripping out Courier Services which just started operation from the equation, the bottomline of FY18 is actually slightly BETTER than FY17..

Once the volume of Courier Services pick up from the present 10K parcels per day to some sizeable breakeven point or surpassing the breakeven point (the max cap is 150K parcels per day) it will be a complete different scenario.

The capability of Korean Courier Services Co, CJ Korea Parcel Services, which is number 1 in Korea and no 19 in the world is underrated by the myopic market...

Posted by uptrending > 2019-04-03 15:21 | Report Abuse

TAKE AWAY COURIER SERVICES FROM FY18,
Net Profit FY18=rm 16.3M, FY17=rm15.3M
EPS FY18= 4.14 CENT, FY 17= 3.88 cent..

Posted by uptrending > 2019-04-03 15:45 | Report Abuse

TREASURY SHARES
During the current financial year, the Company bought back 3,968,900 of its issued ordinary shares from the open market
at average price of RM0.63 per share. The total consideration paid for the purchase was RM2,505,819.
The Company held as treasury shares a total of 3,968,900 of its 394,229,890 issued ordinary shares. The treasury shares
are held in accordance with Section 127(4)(b) of the Companies Act 2016 at a carrying amount of RM2,505,819 as disclosed
in Note 22 to the Financial Statements.

Source : CJ Century AR2018

Posted by uptrending > 2019-04-03 16:59 | Report Abuse

Samsung and CJ Logistics have the Sams founder, Lee Byung-chul

Posted by uptrending > 2019-04-03 17:07 | Report Abuse

https://en.m.wikipedia.org/wiki/CJ_Group

Posted by uptrending > 2019-04-03 17:09 | Report Abuse

https://en.m.wikipedia.org/wiki/Samsung

Posted by uptrending > 2019-04-04 09:06 | Report Abuse

Procurement logistics is the new area of growth in the last FY 2018.

Could CJ make use of its network to bring in more Procurement Logistics Business, especially those Korean brands or related to Samsung?

TVs, Air conditioners, Refrigerators, Washing Machines....