ZHULIAN CORPORATION BHD
KLSE (MYR): ZHULIAN (5131)
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10 people like this. Showing 50 of 1,615 comments
already drop sales Thailand & Cambodia at according to the situation over there.
2021-07-15 08:15
《…ZHULIAN…》
【损益及其他综合收益合并表】
回顾期内，集团的收入为 1.161 亿令吉，较去年同期的 1.271 亿令吉减少 9%。
上一年同期部分跨越在世界卫生组织于 2020 年 3 月 11 日宣布冠状病毒 (COVID-19) 爆发为大流行病之前，此后造成严重的全球社会和经济混乱和不确定性，包括集团经营的市场。
回顾期内，股本联营公司的利润份额为 1,150 万令吉，比去年同期的 1,030 万令吉增加 12%。 增加的主要原因是部分上年度投资成本减值，本年度不再发生。
回顾期内的税前利润为 4,060 万令吉，较去年同期的 4,310 万令吉减少 6%。
【合并财务状况表】
截至 2021 年 8 月 31 日，集团的总资产为 6.030 亿令吉，较截至 2020 年 11 月 30 日止的上一财政年度的 6.325 亿令吉减少了 2950 万令吉。 减少的主要原因是截至 2020 年 11 月 30 日止财政年度的特别股息于 2021 年 3 月 10 日支付。
截至 2021 年 8 月 31 日，集团的总负债为 4320 万令吉，比截至 2020 年 11 月 30 日的上一财政年度的 4660 万令吉减少了 340 万令吉。
截至 2021 年 8 月 31 日，集团的总股本为 5.598 亿令吉，比截至 2020 年 11 月 30 日止的上一个财政年度的 5.86 亿令吉减少了 2620 万令吉。
集团于 2021 年 8 月 31 日的每股普通股净资产为 1.22 令吉。
【合并现金流量表】
截至 2021 年 8 月 31 日，集团的现金和现金等价物为 2.387 亿令吉，比截至 2020 年 11 月 30 日的上一个财政年度的 1.917 亿令吉增加了 4700 万令吉。
经营活动的现金流入净额为 1.103 亿令吉，主要来自联营公司的股息。
投资活动的净现金流入为 120 万令吉。
用于融资活动的净现金流出为 6,450 万令吉，主要是支付给集团股东的股息。
2021-10-13 18:22
【Consolidated Statement of Profit or Loss and Other Comprehensive Income】
The Group’s revenue for the period under review was RM116.1 million, a decrease of 9% as compared topreceding year corresponding period of RM127.1 million.
Preceding year corresponding period partially spanned before the World Health Organization declared the Coronavirus (COVID-19) outbreak to be a pandemic on 11 March 2020, which has since caused severe global social and economic disruptions and uncertainties, including markets where the Group operates.
Share of profit of equity-accounted associate for the period under review was RM11.5 million, an increase of 12% as compared to preceding year corresponding period of RM10.3 million. The increase was mainly attributable to impairment of certain investment cost recorded in preceding year of which no longer recurs in the current year.
Profit before tax for the period under review was RM40.6 million, a decrease of 6% as compared to preceding year corresponding period of RM43.1 million.
【Consolidated Statement of Financial Position】
The Group’s total assets as at 31 August 2021 was RM603.0 million, a decrease of RM29.5 million from last financial year ended 30 November 2020 of RM632.5 million. The decrease was mainly attributable to the special dividend in respect of the financial year ended 30 November 2020 paid on 10 March 2021.
The Group’s total liabilities as at 31 August 2021 was RM43.2 million, a decrease of RM3.4 million from last financial year ended 30 November 2020 of RM46.6 million.
The Group’s total equity as at 31 August 2021 was RM559.8 million, a decrease of RM26.2 million from last financial year ended 30 November 2020 of RM586.0 million.
The Group’s net asset per ordinary share as at 31 August 2021 was RM1.22.
【Consolidated Statement of Cash Flows】
The Group’s cash and cash equivalents as at 31 August 2021 was RM238.7 million, an increase of RM47.0 million from last financial year ended 30 November 2020 of RM191.7 million.
The net cash inflow from the operating activities was RM110.3 million, substantially contributed by dividend received from an associate.
The net cash inflow from the investing activities was RM1.2 million.
The net cash outflow used in financing activities was RM64.5 million, mainly dividends paid to shareholders of the Group.
2021-10-13 18:23
actually this company inside management team as family members without any fresh ideas or creative on business stick old idea. no fresh lead new business and long run no good.
2021-10-14 07:01
直销这玩意都是以不变胜万变。
可以看看目前的十几年Haio和Amway又是否会有多大的变革和创新呢？
或者可以看看近年的新直销平台，又有多少个能撑过五年依然还稳健发展的？
太过五花八门的的新制度新玩法，反而都是情绪化消费是很容易导致加速灭亡的吧。
近年直销比以前更方便发展，开始慢慢建立物联网+直销。
他们慢慢学习短视频，直播频道以及电商平台销售宣传，慢慢打开全球连线市场。
所以直销需要保持诚信与真实不夸大的消费观念，建立互联消费制度红利的长期被动收入才是真正意义，而不是短期如何一夜暴富炒卖囤积商品的假象财富。
所以喜欢稳健的长期高股息红利收益及稳健的股价发展形态，对长期的保守投资者是很理想的选择之一，慢慢变富是让人更肯定自己财富管理分配能力。
在速远公司，他的拥有全亚洲最多会员参与的直销企业之一。证明他拥有一定的优势和魅力，在制度上也给出很大的自由空间。赚大钱不是唯一目的地，而是如何更自由更人性化赚钱，才是变得更有意义吧？所以在速远的商品上，都是希望更多人性化的需求发展，希望透过随心购物消费，实现自己的被动收入的长期财富。
速远除了直销商品业务以外，还有一家相当表现不错的联谊业务公司，这也让速远能从艰难时期都维持稳健发展的主要功臣。希望速远能继续探讨多一些有利企业进行投资或收购，加强业务上更优质的造血机制功能。
虽然速远无法让想瞬间大富大贵的投机者暴富，但它可以继续让更多长期投资者在如何糟糕的情况下，长期都是能拥有非常可观的股息和安稳的发展趋向。
加油…速远的管理层们与速远直销代理商，愿大家能继续在速远建立更理想更长期的稳健被动收入，让生活慢慢变得越来越美好和幸福自由。
2021-10-14 11:13
Invest123 Above RM2 soon
15/10/2021 4:37 PM
Please advise your reasoning for this prediction
2021-10-16 11:55
No point invest in this counter, their Glory age already OVER....better buy TOPGLOVE , Soon this counter price will back to Glory age trust us...TOPGLOVE this month will rose to price RM4.50....Come IB together we Push up the price to more higher than RM5.00.
2021-10-17 11:31
很多人依然搞不明白，为什么手套股依然一直在调整，且一直无法持续往上上涨的动力呢？最主要的原因，手套的售价开始要恢复2019年销售状态，而当年的Topglov股价在$5以下，但现在是 2.76 X 3 = $8.28，近乎比2019年贵了接近1倍。
我们在思考一下，2年过去了，Topglov的生产量比2019年增长的多少？相信大家心里都有谱吧？2019年的产量大约接近850亿只，那么2021年是否能量产超过1500亿只了吗？
如果股价要到达$5或以上，你知道需要多少的产量能符合这价位吗？如果价格依然维持在2019年的售价行情，初步估计至少要有2500亿只才符合$5市值标准。除非ASP有出现明显上涨，不然…………别期望太过高比较好。
Topglov如果要杀出更高的估值，就是需要增加新的暴利业务扶持，一些类似数字业务或科技相关领域，也许会有点希望及期待。
如果强硬要鼓励他人购买手套领域的，我个人觉得Harta和Kossan都回到接近2019年的状态，下跌幅度比较有限，会比Topglov更保障一些。
以上纯粹个人愚昧直观觉得，还是简单问自己，手套股还能凭什么再度上涨，如果找不到任何买进的理由，不妨考虑ZHULIAN而是还不错的。
再怎么说ZHULIAN公司市值就几个亿，只要再努力一点，管理层再积极一点，加上几亿的现金流，很多机遇随时都可以变得更好。以前能辉煌过，往后也可以再度辉煌，只要有拼的决心，一切都不遥远吧……
2021-10-17 17:16
I thought the largest shareholder has resigned at least 2 years ago? Anyway, 3 sen interim and 5 sen special dividend is for sure in next dividend announcement.
2021-12-11 13:48
Dividend announcement next week. Can expect interim 3 sen plus special 5 sen
2022-01-12 20:23
Maybe they need 200 milo to built new factory at bayan lepas next to Jabil Plot 58
2022-01-15 11:40
pilling works go to starts but without open tender , public listed company can like that ?
2022-01-15 11:42
由于在 2021 年 6 月至 2021 年 9 月期间采取了严格的封锁措施，马来西亚经济在2021 年第二季度增长 16.1% 后，在 2021 年第三季度收缩了 4.5%。
随着消费者转向网上购物，我们产品的市场需求受到一定影响。 作为回应，我们在锁定期间推迟了产品发布计划，以重新评估我们的整体业务战略。 我们对当地市场的新方法设法增加了令人鼓舞的收入； 然而，泰国和柬埔寨市场也未能幸免于疫情的影响。
总体而言，我们在 2021 财年的出口收入减少了 20%，被 2021 财年本地收入增长 21% 所抵消与上一年相比。 泰国市场仍然是最大的贡献者，产生约 64% 的集团 2021 财年收入。
我们的产品仍然可行，特别是在多年来强烈的情感联系培养的消费者忠诚度的支持下。 此外，我们广泛的产品供应能够满足各种消费者的需求，例如在健康危机时期对保健品的需求非常旺盛。 我们的收入构成主要包括食品和饮料产品，这有助于总收入的 37%； 其次是营养保健产品，占总收入的 26%，个人护理产品占 18%，珠宝产品占总收入的 10%。
截至 2021 财年末，集团传销业务网络包括 250 家授权代理商、经销商、零售商和分支机构。 他们反过来为东南亚的 269,810 名经销商提供服务。
课题：
公司自1989年开始营业，以多层次营销（MLM）的模式进行业务。
截至2021年底，公司在区域内拥有26万9810名传销商。冠病大流行影响了实体传销训练计划，公司只好转向线上为其传销商进行培训课程（年报第14页）。
a.请问2021年的培训成本是多少（例如聘请教师和各种杂项费用）？
b.培训效果如何？公司如何评估这些训练的结果？
<269,810名经销商>
平均每月提供$10美元销售= 269,810 x 10usd x 12
= 32,377,200usd x 4.40汇率=142,459,680马币
如果能平均每月提升至$20美元销售
=284,919,360马币营收/年
目前平均大约10% 经销商每月完成$100usd合格销售
所以要如何提升更多经销商完成$100合格销售至到20%比例？
所以每个月平均家庭消费所需产品配置+基本销售就能长期更简单稳健增长吧？或者再研发家庭日常生活用品所需，帮助低收入家庭能有效长期达标获得格外收入及提升被动收入增长。
但也研发一些高价产品，方针对于重量级人物发表销售专业实力，能提升知名度和美誉度实力见证。优秀的经销商，都很喜欢向高难度挑战。
只要继续有更优秀的产品研发，很多时候所谓的竞争都是多余的顾虑，希望Zhulian应该多下点本钱重视研发，经销商也会越来越有底气冲业绩。
2022-05-17 20:07
for now better buy the high divvy stocks, zhulian is one of the best stocks paying high divvy
2022-05-18 18:25
my point of view their management team all are family & relatives how to improve on R&D. 2. Jewellery totally can't sell 3. Homecare products do not sell much only Ginseng coffee. onside factory in Plot 3 is almost empty and plot 42 on fake Jewellery, Water Filter, detergent & Toothpaste.
2022-05-20 19:36
Zhulian offers good dividend but AEON may have more surprises
https://klse.i3investor.com/web/blog/detail/dragon328/2022-05-24-story-h1623391222-AEON_Bhd_is_the_best_Recovery_Play_with_a_potential_RM3_00_Dividend_Win
2022-05-24 11:13
公司的营收开始有一点的成长小迹象
主要原因Myanmar缅甸业务开始解封
目前带动大约近100万的业务慢慢变大
怎么都好•公司依然有能力稳住高股息
愿速远能越做越强•期待一飞冲天的到来
2022-07-13 18:01
在全球的通膨之下..
Zhulian依然保持不错的营收，
证明会员们对商品还有稳定的需求。
希望公司能研发更多刚需产品，
帮助更多会员们强化业绩，
让通膨中都能有更优越的收入，
建立一个非常值得让人奋斗的事业。
感恩Zhulian的大方派息..
愿继续做大做强，
让会员们都能成就更大的梦想！加油…
2022-10-12 18:44
Hi 1009 , don't dream management teams can achieve & an inventory for new products, impossible at the moment.
2022-10-13 09:42
After its Q3/2022 quarterly report showing YTD Operating Cashflow of only 16m, market sentiment has changed and now becomes fearful, so, I think we may have seen a peak, unless next quarterly report can show substantially higher Operating Cashflow. Zhu Lian's yearly dividend payment cost is around 78m, to maintain its high dividend. If you linearly extrapolate 16m to full year, that is only 22m so, it will have to dip into its Net Cash chest. If you look at its Net Cash recently, it continues to decline as it dips into its Net Cash. So, you have to be confident that Zhu Lian can stop its Net Cash from declining, else, soon, it will have to cut its high dividends as it is not sustainable to keep paying 78m in dividends every year when operating cash inflow is much smaller. I suspect this stock can keep falling before it gets better, unless somebody knows that its underlying business will turn around. It's not fully without risk. Looking at its business, 37% revenues from Food and Beverages, 26% Health Nutritionals, 18% Personal Care, 10% jewelry, 9% others. The Covid pandemic has hurt its business, some temporary, some permanent because of consumer shifts to online purchasing. 70% of its revenue is exported to Thailand. So, hard to get an edge here and most players look at the Operating Cashflow as proof of a turnaround. The comparable number of this year's 16m is last year's >100m Operating Cashflow, so, that's a big big drop from last year. Even net of cash, based on last year's earnings, the business is priced at a P/E of 15 at RM1.91, meaning if this doesn't grow, then, it's rather expensive. I think this is why market doesn't know and price has been sideways range for 18 months. I like to think the next direction is up as Operating Cash of 16m is already so low, but who knows ... if that number keeps staying low, price can fall. Because of the uncertainty, a dividend investor's protection is to keep the total ownership of Zhulian to a small % of its portfolio, so that poor returns will not significantly impact one's dividend's portfolio.
2022-10-15 17:34
ZHULIAN high dividend yield is not sustainable by the business. Last FYE EPS is only 8.33 sen. The year before 9 sen. Whereas Total Dividend paid is 3+3+3+3+5 special dividend = 17 sen, more than earnings. For now, it has a cash chest but that cash chest is declining as the business doesn't support the dividend payout.
A long term dividend investor's fears is a dividend cut. Right now, at RM1.85, the Dividend yield is very high since 17 sen / 1.85 = 9%. However, if long term dividend is 8 sen, then, the Dividend can get cut by nearly 50%, dropping that down to 4.5%. Why take the risk? Keep your money in EPF and earn 5%-6% safely.
The business model that relies on emotional connections with individuals is at threat. Something seems broken, as economies have reopened, yet, last Q EPS is weak at only 1.49 sen. Extrapolating gives 6 sen EPS for the whole year, that's not good.
Even if one is optimistic that ZHULIAN can earn 9 sen going forward in EPS and assuming we require 6% dividend yield (to be better than EPF), price needs to drop to RM1.50 before I am interested.
4 weeks ago
ZHULIAN operating cashflow is still negative for Q1/23. If company keeps losing monies, how can it continue to pay its high dividend of 3+3+3+3 + 5 special dividend. Eventually, that special dividend of 5 sen will get cut to zero. Then the table 3 sen quarterly dividend will get cut to zero eventually. Then what?
Basically ZHULIAN's business needs to make Operating Profit again to support its future dividends.
4 weeks ago
Or put another way, to support 3+3+3+3+5 sen dividend = 17 sen dividend needs 78 million payout.
Investing activities may add 8 million.
So, Operating Profit needs to get to 70 million in a year.
Last Q1, Operating Profit is negative. How to make 70 million Operating Profit a year to support the 17 sen dividend?
For sure, that dividend is going to get cut, if the business doesn't turn around.
So economies gloablly have reopened for nearly a year now. Yet, how come ZHULIAN cannot make an Operating Profit yet??? Something is broken ... the question is - is it broken permanently?
4 weeks ago
IMO, dividend wise Alaqar is better than Sunreit. But Sunreit is more stable, diverse
4 weeks ago
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
1009
感恩Zhulian，依然给不错的股息红利。
感激大马的Zhulian团体，又创千万营收增长，继续加油再接再厉。
泰国依然还是不错，柬埔寨及海外的都很努力中，感恩。
缅甸的数据，是否缺席，因为还处于军事政权状态？
希望速远团队们，疫情虽然恶化，但未来更好的生活与健康。
速远是很好的选项创业及提供保健知识和优质健康食品给身边每一个家人更健康幸福。
加油…
2021-07-14 19:36