Dr Doom, Mark Faber : Despite his often dire predictions, Faber identified one area of the market in which he has some long-term confidence for a rebound: emerging markets. He predicted a possible rebound for Brazil and Russia , which are among the economies battered by lower oil prices. He also reiterated Wednesday his hopes for growth in emerging Asian economies, like Vietnam.
of course, on hindsight 90 sen was also the starting point of last rally. should have bot more at the low. wasn't sure whether there is an operator for this small stock....now, we know there is an operator....can relax now.
Net Profit increased jumped from 850,000 to RM3,942,000 over corresponding 2014 quarter (363% increase); and from 2,865,000 to 6,919,000 (141%) over corresponding period in 2014. No one seems to have read this announcement yet. Volume and price should pick up tomorrow.
icon....too bad you don't know how to read Profit and Loss Account....Don't know comprehensive income from Profits for the period. Don't know Reserves from P/L.
never expected any thing much from Icon, anyway.
but more important.....It looks real this time.....the share is going up.
A pre tax profit of $6 million for last quarter......the important question is will it be more or less next quarter.? The directors are bullish on their Vietnam operations, even Malaysia did better than expected. Look at their sales growth. There is no question next quarter will do better than last quarter.
Oh.....and the Company can do a Chinwell and buy back the shares from the minority shareholders of the Vietnam operations....there are $ 2 million added to non controlling shareholders last quarter.
This is a fast growth company, 100 million shares, 75% owned by the directors......don't buy this, buy what?
Think about it..... Keinhin is not your normal export counter Keinhin is into metal fabrications. All sorts of metal fabrications. From the simple stove, their brand name Zenme....to electrical appliances, equipment even infrastructure metal fabrications
And.....the key component in newly industrializing Vietnam with all the new middle class and all the new MNCs......
Plenty of catalyst for it to go up...results, restructuring of minority interests in Vietnam.....and it's not even an export share in the normal sense......they sell locally and in Vietnam via their Vietnam operations.
The main catalyst will be results and maybe one of two funds gets interested.....at the Monet...they have zero big funds with them.
However, KeinHing is a fundamental sound gas cooker maker. (Highly illiquid counter) unless u hv insider news, keinhing is planing e.g. share split or bonus issues. But..but,, dillution on the way.
KEINHING INTERNATIONAL BERHAD (从2014至今2015-2016) 就从KHIB’s Principal activities of its Subsidiaries are as follows开始谈:
1. Keinhing Industry Sdn. Bhd. (KHI 100%):Sheet metal forming, precision machining, components assembly and manufacture and sale of gas appliances.
2. Kein Hing Muramoto (Vietnam) Co., Ltd., a 51% owned subsidiary of KHIB (KHMV 51%): Sheet metal forming, precision machining and assembly of components for electronics, automotive and other industries.
3. KHIV : Kein Hing Industry Vietnam Co., Ltd., a wholly-owned subsidiary of KHIB (KHIV 100%): Sheet metal forming, precision machining, manufacturing and fabrication of tools and dies and assembly of components. 4. KHTV : Kein Hing Thai Nguyen (Vietnam) Co., Ltd., a wholly-owned subsidiary of KHIB. (KHTV 100%): Sheet metal forming, precision machining, manufacturing and fabrication of tools and dies and assembly of components.
(备注:Kam Loong@Kam Loong Mining Sdn. Bhd. (9969-D), Major Shareholder of KHIB)
5. SKH : Sanko Kein Hing Sdn. Bhd. (874096-U), a 51%-owned subsidiary of KHIB. (SKH 51%): Precision machining of electronics and electrical industries’ components.
6. ZA : Zenne Appliances Sdn. Bhd. (727343-V), a wholly-owned subsidiary of KHIB (ZA 100%): Trading and distribution of gas appliances.
7. ZI : Zenne Infinity Sdn Bhd (560198-X), a wholly-owned subsidiary of KHIB (ZI 100%): Trading in electrical and electronic products and home appliances.
Benefits/益处 The KHIB Group has a long-standing business relationship with the Related Parties as detailed in section 2.3.1. The goods and services provided by the Related Parties are price competitive and all transactions between the KHIB Group and the Related Parties are carried out on an arm’s length and commercial basis. Although the KHIB Group also sources similar products and services from third parties, the KHIB Group would like to seek approval for the RRPTs described in 2.3.3 as the close cooperation between the KHIB Group and the Related Parties have reaped mutual benefits and are expected to continue to be of benefit to the business of the KHIB Group.
The properties rented by KHI from TCY Holdings and Mr. Yap Toon Choy are to provide factory spaces, shop office for its Zenne brand of gas appliances and accommodation to the employees of KHI. The locations of those properties are logistically located near to the factories; thus reducing the transportation costs of the employees and enhancing the safety of the employees.The factories are also located strategically and logistically near to each other for ease of administration and communication.
The rental of premises by KHI from Kam Loong was made many years ago since 1 January 1997 before Kam Loong become a major shareholder of the Company on 3 November 2011.
These premises are rented from Kam Loong to provide production and warehouse facilities to KHI. These premises are located logistically within the vicinity of the KHIB Group’s production and distribution hub in the area. These premises are, therefore, an integral part of the KHIB Group’s established production and warehouse facilities. Thus, it is logical, strategic, expedient and cost effective to continue to rent from Kam Loong.
DETAILS OF THE PROPOSED SHAREHOLDERS’ MANDATE FOR SHARE BUY-BACK 2.1 Quantum and Funding As at 7 September 2015, the Issued and Paid-Up Share Capital of the Company stood at RM49,500,000 comprising 99,000,000 ordinary shares of RM0.50 each in KHIB. The maximum number of Shares which may be purchased by the KHIB will be ten percent (10%) of the Issued and Paid-Up Share Capital of KHIB (or 9,900,000 Shares based on its issued and Paid-Up Capital as at 7 September 2015).
The maximum amount of funds to be allocated for the Proposed Shareholders’ Mandate for Share Buy Back will be limited to the amount of retained profits and share premium account of the Company. As at 30 April 2015, the audited retained profits and share premium account of the Company are RM13,327,816 and RM2,668,992 respectively. The Proposed Shareholders’ Mandate for Share Buy-Back, if implemented, will be funded by internally generated funds of the Company.
EFFECTS OF THE PROPOSED RENEWAL OF SHAREHOLDERS’ MANDATE The Proposed Renewal of Shareholders’ Mandate, if obtained at the Twelfth AGM, will not have any effect on the earnings per share, gearing and net assets per share at the Group level, issued and paid-up share capital, substantial shareholding and dividend rate of the Company.
Collectively, the percentage of shareholdings of Yap Toon Choy and Yong Elaine is 58.61% while Kam Loong, Yap Ah Fatt and Foo Khen Ling is 11.88% before the Proposed Shareholders’ Mandate For Share Buy-Back and 65.12% and 13.19% respectively after the exercise
Public Shareholding Spread Pursuant to Paragraph 8.02 of the Listing Requirement of Bursa Securities for the Main Market (“MMLR”), a listed company must ensure that at least 25% of its total listed shares (excluding treasure shares) are in the hands of public shareholders.
Based on the Register of Depository as at 1 July 2015, KEINHING INTERNATIONAL’s Public Shareholding Spread was 29.39% which is above the minimum requirement of 25%. (获得大众认可的成长公司!)
Purchase of KHIB shares There has not been any purchase of KHIB shares made by the Company in the previous twelve (12) months made up to the date of this Statement. KHIB does not have any Treasury Shares and has not resold or cancelled any Treasury Shares in the same period. Potential Advantages of the Proposed Share Buy-Back Authority The Proposed Shareholders’ Mandate for Share Buy-Back, if exercised, is expected to potentially benefit KEINHING INTERNATIONAL and its shareholders as follows:- (a) The EPS of KHIB Group would be enhanced (all things being equal). This is expected to have a positive impact on the market price of KHIB Shares, which will benefit the shareholders of KHIB.
(b) If the Shares are bought back as Treasury Shares, it will provide the Directors an option to sell the Purchased Shares at a higher price and therefore, make an exceptional gain for the Company. Alternatively, the Purchased Shares can be distributed as share dividend to the shareholders.
KEINHING INTERNATIONAL BERHAD “扩充业务. 展望未来”
1.KEINHING INTERNATIONAL had on 24 November 2014, Awarded a construction contract to a third party main contractor for the proposed construction of a factory on the freehold industrial land located at Lot 5038, Jalan Perindustrian HP4, Hicom Pegoh Industrial Park, Pegoh, 78000 Alor Gajah, Melaka owned by KEINHING INTERNATIONAL for a total construction of approximately RM6,100,000. The intended use of the factory upon completion can be for own use and or rent out.
2.KHIV had on 23 January 2015, Awarded a construction contract to a third-party main contractor in Vietnam for the proposed construction of a single storey factory with a 3-storeys office and warehouse annexed on the industrial land located at Lot No. IN1-7A, VSIP Hai Phong Township, Industrial and Service Park, Thuy Nguyen District, Dinh Vu- Cat Hai Economic Zone, Hai Phong, Vietnam owned by KHIV for a total construction of USD 2,930,192 or approximately RM10,000,000 (the “Proposed Construction”).
The Proposed Construction with a total built-up of approximately 80,000 square feet will cater for the future expansion plans of KHIB Group in Vietnam particularly the business of metal stamping, precision machining, assembly of components and fabrication of tools and dies.
3. KHTV had on 6 February 2015 entered into a Land Lease Agreement with a third party to acquire a vacant industrial land in Vietnam measuring approximately 17,900 square meters at a cash consideration of VND13,699,944,000 or equivalent to approximately RM2,298,000. (在TPPA 还没成为热话题时,KEINHING管理层已向海外(越南)设厂。)
从以上显示,KEINHING INTERNATIONAL 的Cash & Cash Equivalents at end of financial period: Is RM6,409,000 ( 31 July 2015 )compared with RM9,897,000 (31 July 2014) 备注:NET CASH 当中用于在 INVESTING ACTIVITIES 现金用在扩展业务。 在TPPA,Malaysia exporters will gain competitive advantage over regional competitors in exporting product such as: 1. Electrical & electronic 2. Chemical products 3. Palm oil products 4. Rubber products 5. Wood products 6. textiles 7. Automotive parts & compenents
1. KEINHING registered revenue of RM50,010,000 in 1st quarter ended 31 July 2015 as compared to RM48,455,000 in 31 July 2014. The Growth in Revenue mainly attributed to the increase sales order for metal components of home appliance & printers in Vietnam.
1.1. KEINHING was Recorded PBT of RM3,964,000 compared to RM2,668,000 mainly attributed to lower costs & higher sales from operation in Vietnam which Margin was also Better during the current quarter.
2. 在2nd Qr, KEINHING INTERNATIONAL 取得营业额成长达rm59,332,000 比起31.10.2014 的rm48,930,000 增长21.26% Profit Before Tax 进步更加惊人达rm5,707,000 ,比起同期的rm1,279,000 增加了rm4,428,000 or 346.21% 净利达rm3,047,000 compared to 31.10.2014 的rm535,000. 进步整rm2,512,000 或469.53% 2nd的每股净利(EPS : 3.08 cent)进步高达470.37% compared to 0.54 cent in 31.10.2014。
3. In Cumulative period ended 31.10.2015,( 1st 与2nd QR 而已)
KEINHING INTERNATIONAL 营业额营业额成长达整rm109,342,000 比起31.10.2014 的rm97,385,000 增长12.28% Profit Before Tax 进步达rm9,671,000 ,compared to 31.10.2014 rm3,947,000,增加了整整rm5,724,000 or 145.02%. 净利达rm5,158,000 compared to 31.10.2014 的rm2,102,000. 进步了rm3,056,000 或145.39% 1st 和2nd的总每股净利(EPS)已达5.21 cent compared to 2.12 cent in 31.10.2014, 进步145.75%.
The Growth of Revenue of KEINHING was mainly attributed to the increased in sales Orders for metal components particularly for customers that produce Home Appliances & Printers.
The revenue for the Operations in Malaysia was mainly Higher in the 2nd Qr mainly attributed to the Demand for metal components of TV which sales increased by rm3.4 mil as compared to the 1st Qr. Coupled with the stronger Growth in sales from the Operations in Vietnam, therefore KEINHING INTERNATIONAL was able to achieced a higher PBT for the Quarter ended 31 Oct 2015.
The KEINHING’s growth Prospects in Vietnam will still be better than that of the previous financial year in anticipation of stronger customers Demand.
2. KEINHING is on Track to generate More Value throught the Operation for the Future of the Company.The Revenue generated from Operations in Malaysia was sustainable, coupled with Strong Growth in sales from operation in Vietnam. Therefore KEINHING was able to achieve a higher PBT for the NEXT COMING quarter ( 3rd & 4th ) ! 就当我很吝啬地为KEINHING 预测3rd Qr 的净利只达区区的RM3,500,000,好吗? 要是与同期的净利拿来作相比的话,最低净利增长至少都419% (For 3rd Qr )
4. In 2nd Qr ended in 31 Oct 2015 ( individual period), KEINHING’s Foreign currency translation operation differences for Foreign Operation gained as high as RM3,962,000 compared to rm ONLY RM383,000 at ended 31 Oct 2014. 涨了934.46%! Cumulative Period, recorded RM5,335,000 compared to the loss at (RM291,000).
30 大股东持有KEINHING INTERNATIONAL 85.42%! (是很高了的比率) 大胆的说,只有14.58%左右在市场上的票在trade 着。 Issue share ONLY:99 mil 换言之,票数流通性只有14,434,200 units. (我是一个一个算出来的) (请纠正我if im not updated the info )
Translation gains come from when you do consolidations of foreign operations. This is reflected as Reserves via the Comprehensive Income Account. And has no effect on reported profits.
第二个是种植业,EL NINO 已经完全冲击了种植业,虽然 EL NINO 把棕油价格推高了,但也因为这个 EL NINO 使到油棕的产量降低,这些都是旧话,特别要留意的是,去年年尾,大马和印尼签署了协议,大概就是要合作控制棕油的价格和产量,种植业能不能复苏,那就要看大马和印尼方面达成了什么协议,可以留意一下。
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....
Desa20201956
2,286 posts
Posted by Desa20201956 > 2016-01-29 06:18 | Report Abuse
Dr Doom, Mark Faber : Despite his often dire predictions, Faber identified one area of the market in which he has some long-term confidence for a rebound: emerging markets. He predicted a possible rebound for Brazil and Russia , which are among the economies battered by lower oil prices. He also reiterated Wednesday his hopes for growth in emerging Asian economies, like Vietnam.
looking for exposures to Vietnam