ZHULIAN CORPORATION BHD

KLSE (MYR): ZHULIAN (5131)

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Last Price

1.32

Today's Change

+0.01 (0.76%)

Day's Change

1.28 - 1.33

Trading Volume

216,800

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
10 people like this. Showing 50 of 1,672 comments

Keqing Tan

why keep disposed? or it just boss need to collect cheap ticket?

2 months ago

GroetjesuitNederland

Keqing Tan

why keep disposed? or it just boss need to collect cheap ticket?

Constant and steady selling. Obviously thinks the price will go up and doesn't want to be too rich, or ........?

Only selling off his trustee shares, maybe so far.

Run while you can

2 months ago

cooledhawk123654

ZHULIAN IS GONE

2 months ago

FlyingEagle

What is happening ?

2 months ago

azrudin84

no more growth.

2 months ago

DickyMe

Direct selling, pyramid scheme mana ada growth!

2 months ago

NatsukoMishima

Business model is gone!

2 months ago

cooledhawk123654

so far dont know what is happening to it

2 months ago

FlyingEagle

insider only know, business model how come gone in 1 day ?

2 months ago

Jack888

Nobody want... I want to take risk. Buy some.

2 months ago

cooledhawk123654

selling pressure still there

2 months ago

wallstreetrookieNEW

This is undervalued stock, don't sell

2 months ago

wallstreetrookieNEW

Will rebound soon, don't worry

2 months ago

wallstreetrookieNEW

Dividend stock, no need to sell

2 months ago

Yippy68

Wait till Jan 18, may be good dividend

2 months ago

Keqing Tan

everyone is running for who want to hold juz hold want sell juz sell for this dividend stock i think will juz hold if got cheaper buy back

2 months ago

NatsukoMishima

Their dividend can not sustain long term , lower n lower or even no dividend once insider finish dump !

2 months ago

DickyMe

Steady decline of revenue, indication of stagnant product sale and reducing customer.
Seems like GetRichQuick company.

2 months ago

nhbeen

Agreed with most of the recent postings here. Revenue and profit keeps dropping but the Company continues to pay dividend above its EPS. That will slowly but surely dilute the company's cash holdings. However, substantial shareholders cum directors will be more happy to keep receiving dividends and other perks.

2 months ago

nhbeen

Over the years, Zhulian does not seem to receover from slowing business growth and profit. No new products are offered or any potential new business joint ventures to bring the company forward. Wonder how long the Company can continue to stay ahead of other competitors and changes in the industry.

2 months ago

cooledhawk123654

not sure will still give good dividend in the coming time??

2 months ago

KiasiPu

Down a lot and up so fast, why so drama?

2 months ago

Yippy68

Haha. Many kena play out.

2 months ago

Yippy68

@ where is @1009. the biggest promoter of Zhulian

2 months ago

DividendGuy67

Wow, I was extremely lucky to have exited completely, before Ah Beng started selling off his shares.
I sold off at 1.90 at a small profit (due to dividends, but nothing on price gains).
Now trading at 1.62/1.63.
Is it worth to buy at 1.62?

The problem with ZHULIAN is that its earnings is still lower than the dividends paid out.
For 9 months ending Q3/23, total EPS is only 4.89 sen. Annualizing gives 6.5 sen. It pays out 3 sen dividend every quarter and final quarter is 8 sen (+ 5 sen Special Dividend) for a total of 17 sen.
The shortfall is 10.5 sen. Cost to ZHULIAN = 10.5 sen x 460m = RM48 million.

It's cash holdings has shrunk to RM161m. At this rate, in just 3+ years, all of its cash holdings will disappear if business remains status quo, to support dividends. It's cash holdings is only worth 35 sen, not RM1.62.

If it's business is able to generate 6 sen per annum, with risks of declining, noone would pay a P/E of more than 10 times in a declining EPS scenario. This declining business is worth 60 sen at the most.

Plus 35 sen cash gives 95 sen valuation. Hence, trading at RM1.62 looks expensive still, unless there is line of sight that its business is going to turn around.

Hence, everything depends on its business model.

The hard question is why did its EPS keep shrinking initially gradually every year and in 2023 appears to be accelerating in its fall?

2015: 12.5 sen
2016: 9.1 sen
2017: 11.5 sen
2018: 11.4 sen
2019: 10.8 sen
2020: 10.2 sen
2021: 9.9 sen
2022: 8.3 sen
2023E: 6.5 sen.

This decline is very persistent over past 8 years.

What has ZHULIAN management been doing the past 8 years?

Is this something in ZHULIAN's management powers to arrest the 8 years of EPS decline?

Recent price crash and recovery may not be the end of a longer term downtrend.

2 months ago

DividendGuy67

Looks Ah Beng is forced to stop selling for a while as price has crashed.

But he still owns 48 million Direct + 231 million Indirect = 279 million total
Last round this month, he barely sold 1% of that and price crashed.
There is no way he can realize the remaining 99% at 1.6. More likely, it will be around 0.5 if he really wants to exit. Of course, he might just be selling the 1% to raise spending cash, and still hold the 99% but it doesn't bode well long term for this company, if selling 1% causes price to crash. He picked the wrong time to sell - he should have disposed much earlier like 10 years ago when its price was rising exponentially with high volume.

2 months ago

DividendGuy67

Ah Beng is in a tight spot now.

With recent selling in December, and price crash, it will surely attract SEC attention.

And we know the 5 sen Special Dividend traditionally reserved for the coming Q4 is not sustainable anymore, when 9 months earnings is not even 5 sen, but 4.89 sen.

Special Dividends are not guaranteed.

But because Ah Beng sold, I bet he's going to try to still pay the 5 sen Dividend to avoid SEC scrutiny for insider trading. So, I think, notwitstanding its low earnings, I think more than 50% odds, ZHULIAN will still try to pay the 5 sen Special Dividends, to avoid SEC scrutiny for insider trading. And they will spin that their business model is still fine, cash still positive, nil debts, etc.

But this time, the price rally will not sustain - it will more likely show a lower low. In next 12 months, unlikely to exceed 1.8, unless there is a positive earnings surprise from a new business model or something similar.

But in the scenario for dividend maintenance (best case, 17 sen for 2023), after payment of this final special dividend, if ZHULIAN is responsible, it should start to flag out expectations for lower future dividends. If it doesn't call out these future expectations, then, you are dealing with shareholders who are not transparent.

IMHO, this process of regular selling by Ah Beng in December is a strategic mistake. It is possible (but no one really knows) if he panicked knowing the business keeps getting worse after 8 years.

2 months ago

DividendVen

why share price drop so much recently, board tussle?

2 months ago

NatsukoMishima

Zhulian , besthom all falling knife !

2 months ago

Keqing Tan

qr not yet?

1 month ago

KiasiPu

out already, 4c dividend

1 month ago

Keqing Tan

special dividend 1 sen but at least the interim dividiend still maintain 3sen still ok

1 month ago

GroetjesuitNederland

Here he goes again, not even waiting to pocket the dividend. He is either desperate for cash or .......

Name MR TEOH BENG SENG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
1 29 Jan 2024
No of securities
61,500

Type of Transaction Nature of Interest
Disposed Indirect Interest

4 weeks ago

Keqing Tan

or he need some cash for CNY? thn only buy back all the shares?

4 weeks ago

GroetjesuitNederland

Everything is possible but some outcomes are more likely than others

4 weeks ago

GroetjesuitNederland

Mr Seng sold 300,000 shares today!

3 weeks ago

GroetjesuitNederland

900k shares sold in 3 days!

3 weeks ago

GroetjesuitNederland

Keqing Tan special dividend 1 sen but at least the interim dividiend still maintain 3sen still ok
26/01/2024 11:05 AM

Still OK? Your annual dividend for the financial year 2023 has just been reduced by 24% as compared to 2022!

With little real hope of a meaningful share price increase, why not do what Mr Seng is doing?

3 weeks ago

salem

Want to ask a question here.
For example on 31st Mr Seng and Best Source disposed 300k shares each therefore share volume traded should be more than 600k units of shares but I see the volume traded for the day is about 450k units only.
Why is this so?
As in everyday Mr Seng and Best Source disposes the same amount too.

3 weeks ago

GroetjesuitNederland

Mr Seng sold the shares in his margin or indirect account so 300k shares are shown as sold by both him and Best Source.

He has upped the rate of disposal now to 534,500 shares on the 5th Feb. Doesn't even wait to pocket the dividend.

3 weeks ago

DividendGuy67

Avoid ZHULIAN. It's earnings cannot support current dividends. More dividend cuts and more price falls are coming.

EPS decline not over yet. FYE23 6.4 sen is lowest ever past 9 years. If next year drop to 6 sen, and if it exercise discipline in dividend payout, we could see more normal payout ratio of 67% i.e. future yearly dividend could only be 4%. 4% / 1.57 current price is only 2.5% Dividend Yield, i.e. worse than FD. So, ZHULIAN will try to soften the blow, but odds are very high, next year dividend will cut some more. It won't be 13 sen, but smaller.

Clearly, FD is the much better investment here than ZHULIAN.
Net Assets keep dropping fast too. Today its barely above RM1, but if it keeps paying out more dividends than it can earn, we may see Net Assets drop by 10-15 sen per year.

It's business model and business results desperately need to turn around, but how to beat a 9 year (or even longer) earnings decline?

3 weeks ago

DividendGuy67

The fact Ah Beng keep selling doesn't help.
ZHULIAN still have 155m Net Cash but it desperately need new ideas and new executions.
Clearly, by returning the cash to shareholders constantly indicates it doesn't know how to arrest the earnings decline. It has run out of ideas and execution capabilities.

This stock will be a classic high dividend trap. 13 sen / 1.57 looks very attractive 8% DY, but the coming year, 13 sen drops and eventually go down to 4 sen, and price will crash and that 8% DY disappears. This stock is just waiting to trap all these high yield chasers.

3 weeks ago

cooledhawk123654

Mr Teoh intensify the selling ....

6 days ago

Dave6101

Nonstop selling daily

6 days ago

cooledhawk123654

difficult to know the rational behind the selling

6 days ago

GroetjesuitNederland

cooledhawk123654 difficult to know the rational behind the selling

It is difficult to imagine anything positive about the selling, which has increased from circa 1 million every 3 days to 1 million in 2 days. About another 140 trading days at this rate to get rid of all his shares held by The Best Source Holdings - which I suspect is a margin account. So, maybe he is disposing before the price gets to a level he has to top-up with cash.

5 days ago

calvintaneng

Red? Aiyoyo

Palm oil green

calvintaneng

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171,000 Acres is 2.34 Times Penang Island Size

Just imagine Penang Island

2 Penang Island Plus 1/3 More!

ALL COVERED FULLY WITH THE MOST FRUITFUL VEGE OIL ON PLANET EARTH

NO NEED FURTHER CAPEX FOR PLANTING OR REPLANTING

SO TIME TO SEE STRONG CASH FLOW

AND SINCE NO NEED FOR FURTHER EXPENSE THESE CASH INFLOWS COULD GO TO SHAREHOLDERS LIKE

THIS >>> https://www.youtube.com/watch?v=kTOHJZY2VRE

2 days ago

azfar8

WOW ZHULIAN, KEEP ON DROP, GAME OVER?

1 day ago

ch

What happens? Big boss kena margin call? Keep selling.

1 day ago

NatsukoMishima

Who chase whp die stock , dividen value trap u forever !

12 hours ago

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