This quarter result should be good as car manufacturer launched new cars and would have ordered parts in advance. Concerned about next quarter based on Sept MAA report that national car sales trend going down especially Proton. Reported in Edge Weekly that Proton Iriz not doing as well as anticipated. Unless, the slow-down in Proton can be picked up by Honda and the new Perodua Axia.
News mentioned that Proton is not paying their vendor. Proton admits they do have some payment issues but debt is manageable. Of course they going say that. Wonder how much is owed by Proton to EPMB? Will effect cash-flow at EPMB. Might not be able to pay dividends 1st quarter next year. I am out of EPMB and will watch from the sidelines before going back in.
Yes, good financial results. Since I came out on 20th November, price has dropped by almost 19%. I will still wait before going in again. I will wait for next quarter results. Auto sales, especially for National car (P1 & P2) has been falling. Honda sales increase not enough to compensate for the drop in national car sales.
Catalyst for First quarterly rpt for the financial period ended 31/12/2015
---Earnings recognition of the Axia (Perodua) is set to accelerate as production is ramped up from 7K-8K/month to c. 9K- 10K/month.
---Proton’s Iriz sales picked up in March, with more than 4,000 units sold. Management is targeting 5,000 units of sales per month for Iriz and 12,000 per month overall for Proton from April onwards.
---In 2015 thus far, Honda's sales has been the leading non-national brand.
@@@@Near -term re-rating catalyst@@@@ EPMB (a tier-1 automotive component supplier for Honda and Perodua : Anticipation of a stronger 1Q as production will be boosted by the rush in prior to the effective implementation of GST in April 2015.
Based on MAA report, automotive sales recorded significant improvements in Mar 2015.
Perodua reporting record monthly sales of 22.5k units (+37.8% yoy; +21.0% mom) in Mar on the back of strong heighten deliveries for Axia and MyVi. Axia has received bookings of 100k units by mid-Apr and delivered 60k units by end Mar.
Proton reported mom improvements in Mar with 10.5k sales (-14.5% yoy; +27.6% mom) after sales campaign launched by end Feb.
Honda maintained its top spot among foreign marques with record month sales of 9.6k units (+94.9% yoy; +58.6% mom) attributed to the highly demanded HRV (mini SUV) and existing sales campaigns boosting other models.
Potential re-rating catalysts for the stock: - Honda is expanding its presence in Malaysia by establishing regional office, part warehouse, distribution center, training facilities and more 3S centers. Expect the supply of parts for the new Honda model will significantly boost EPMB’s revenue base over the next few year. .
Be careful guys. Auto car sales drop by about 33% in April; mainly due to increase in cost of living. This auto sales expected to be slow in the next few months.
Proton sales down by about 50% and Honda saw sales drop about 30% compared to March. Could not get Perodua sales volume figure.
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 282 views | 1 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 11448 views | 10 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....
Dunknow
7,384 posts
Posted by Dunknow > 2014-10-07 16:48 | Report Abuse
hmm,now i started to get fear..