BONIA CORPORATION BHD

KLSE (MYR): BONIA (9288)

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Last Price

1.32

Today's Change

-0.05 (3.65%)

Day's Change

1.32 - 1.37

Trading Volume

26,900

Financial

Show?
Last 10 FY Result
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Revenue 320,600 397,423 413,665 424,149 333,011 261,219 344,960 462,259 440,421 613,160 665,438 695,329 -5.60%
PBT -1,616 40,349 52,885 79,661 56,328 19,447 10,814 38,986 29,940 56,168 45,093 72,706 -3.47%
Tax -6,264 -11,412 -12,961 -17,051 -3,767 -3,285 -7,424 -15,725 -5,040 -16,770 -15,785 -21,910 -5.66%
NP -7,880 28,937 39,924 62,610 52,561 16,162 3,390 23,261 24,900 39,398 29,308 50,796 -2.63%
-
NP to SH -7,380 23,964 33,814 55,008 45,008 13,872 2,778 18,028 19,785 31,734 24,369 45,324 -3.19%
-
Tax Rate - 28.28% 24.51% 21.40% 6.69% 16.89% 68.65% 40.33% 16.83% 29.86% 35.01% 30.14% -
Total Cost 328,480 368,486 373,741 361,539 280,450 245,057 341,570 438,998 415,521 573,762 636,130 644,533 -5.87%
-
Net Worth 421,281 421,281 437,144 427,194 398,311 364,564 367,584 378,757 443,108 435,195 403,042 386,971 1.36%
Dividend
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Div 16,043 16,070 16,079 24,119 38,189 8,039 4,922 4,018 - - - 10,077 5.32%
Div Payout % 0.00% 67.06% 47.55% 43.85% 84.85% 57.96% 177.20% 22.29% - - - 22.23% -
Equity
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Net Worth 421,281 421,281 437,144 427,194 398,311 364,564 367,584 378,757 443,108 435,195 403,042 386,971 1.36%
NOSH 200,543 200,543 201,571 201,571 201,571 201,571 201,571 806,287 806,287 806,287 806,084 806,191 -14.26%
Ratio Analysis
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
NP Margin -2.46% 7.28% 9.65% 14.76% 15.78% 6.19% 0.98% 5.03% 5.65% 6.43% 4.40% 7.31% -
ROE -1.75% 5.69% 7.74% 12.88% 11.30% 3.81% 0.76% 4.76% 4.47% 7.29% 6.05% 11.71% -
Per Share
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 159.87 198.17 205.81 211.02 165.68 129.96 175.19 57.52 54.67 76.08 82.55 86.25 10.13%
EPS -3.68 11.95 16.82 27.37 22.39 7.12 1.41 2.24 2.45 3.94 3.02 5.62 12.94%
DPS 8.00 8.00 8.00 12.00 19.00 4.00 2.50 0.50 0.00 0.00 0.00 1.25 22.88%
NAPS 2.1007 2.1007 2.1749 2.1254 1.9817 1.8138 1.8668 0.4713 0.55 0.54 0.50 0.48 18.26%
Adjusted Per Share Value based on latest NOSH - 200,543
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
RPS 159.87 198.17 206.27 211.50 166.05 130.26 172.01 230.50 219.61 305.75 331.82 346.72 -5.60%
EPS -3.68 11.95 16.86 27.43 22.44 6.92 1.39 8.99 9.87 15.82 12.15 22.60 -3.20%
DPS 8.00 8.00 8.02 12.03 19.04 4.01 2.45 2.00 0.00 0.00 0.00 5.03 5.31%
NAPS 2.1007 2.1007 2.1798 2.1302 1.9862 1.8179 1.8329 1.8887 2.2095 2.1701 2.0097 1.9296 1.36%
Price Multiplier on Financial Quarter End Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 30/09/24 30/09/24 28/06/24 30/06/23 30/06/22 30/06/21 30/06/20 28/06/19 29/06/18 30/06/17 30/06/16 30/06/15 -
Price 1.57 1.57 1.68 1.83 1.87 0.90 0.55 0.32 0.42 0.615 0.57 0.95 -
P/RPS 0.98 0.79 0.82 0.87 1.13 0.69 0.31 0.56 0.77 0.81 0.69 1.10 -3.20%
P/EPS -42.66 13.14 9.99 6.69 8.35 13.04 38.98 14.26 17.10 15.62 18.85 16.90 -5.66%
EY -2.34 7.61 10.01 14.96 11.97 7.67 2.57 7.01 5.85 6.40 5.30 5.92 6.00%
DY 5.10 5.10 4.76 6.56 10.16 4.44 4.55 1.56 0.00 0.00 0.00 1.32 15.30%
P/NAPS 0.75 0.75 0.77 0.86 0.94 0.50 0.29 0.68 0.76 1.14 1.14 1.98 -9.95%
Price Multiplier on Announcement Date
AQR T4Q 30/06/24 30/06/23 30/06/22 30/06/21 30/06/20 30/06/19 30/06/18 30/06/17 30/06/16 30/06/15 CAGR
Date 28/11/24 28/11/24 29/08/24 25/08/23 26/08/22 28/09/21 26/08/20 29/08/19 05/10/18 30/08/17 29/08/16 28/08/15 -
Price 1.47 1.47 1.64 1.88 2.30 0.83 0.55 0.265 0.34 0.565 0.56 0.705 -
P/RPS 0.92 0.74 0.80 0.89 1.39 0.64 0.31 0.46 0.62 0.74 0.68 0.82 -0.27%
P/EPS -39.95 12.30 9.75 6.87 10.27 12.03 38.98 11.81 13.84 14.35 18.52 12.54 -2.75%
EY -2.50 8.13 10.26 14.56 9.74 8.32 2.57 8.47 7.22 6.97 5.40 7.97 2.84%
DY 5.44 5.44 4.88 6.38 8.26 4.82 4.55 1.89 0.00 0.00 0.00 1.77 11.91%
P/NAPS 0.70 0.70 0.75 0.88 1.16 0.46 0.29 0.56 0.62 1.05 1.12 1.47 -7.19%

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
13 people like this. Showing 50 of 2,630 comments

dragon328

Another record quarterly profit of RM21.9 million for 4QFY2022, more than 10x higher than last year.
Full year operating cashflows were super strong at over RM75 million or 37 sen per share, hence supporting super high dividend payout of total 19.0 sen for FY2022.

2022-08-25 22:11

troy88

well done!

2022-08-26 09:25

dragon328

too many day traders and short term punters taking profit after good result

2022-08-26 09:52

Randy Chan

Crazy.... Going down. Useless stock

2022-08-26 10:57

Hwai Hooi

trap ppl

2022-08-26 16:41

kingoftradings

Good dividen 12sen

2022-08-27 20:44

Randy Chan

Bollocks goid div. Price sinking deep

2022-09-06 15:37

cedcan

Everyday see red, how oh??!

2022-09-13 17:19

pantor

Cheap consumer stock and super-attractive dividend yield of 9%

2022-09-13 19:03

cedcan

Hopeless already. Buang all.

2022-09-19 14:37

willc48

bonia, pray drop to Rm1.00

2022-09-19 14:53

troy88

Seems like gone case no more power despite good QR. Good thing I disposed off earlier with profit..

2022-09-20 10:54

gemfinder

cantik la!!!

2022-09-23 10:37

gemfinder

sold all.. thx for the contra gain

2022-09-23 10:54

cedcan

When can BO?

2022-11-09 10:25

cedcan

Nice closing!

2022-11-11 17:01

troy88

looks like slowly coming back..

2022-11-15 09:33

cedcan

Ini kali lah!!

2022-11-15 09:50

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Bonia dropped from a high of RM2+ to 80 sen. My assessment then was it was undervalued. After buying in, the price went up to RM 1.20. One has a sense of elation to make 50% so quickly after purchasing. A few months later, it dropped and dropped to 40 sen. The feeling was why did I not take profit at RM 1.20.

But the counter was undervalued. During the MCO, its business suffered. However, the management was proactive. They closed down the unprofitable stores. They did some internal restructuring. The listed CRG into the leap counter. Slowly, the losses were trimmed, expenses contained.

Now it is profitable, generating healthy cash flows.

The price reached a high of RM 2.80+. It has since corrected slightly.

Those able to sell at the highest or buy at the lowest and do this repeatedly must have incredible skills. More likely, no one has this unique ability. For the smart investor, capturing the long terms gains over a long time horizon is a reasonable strategy to adopt. Selling and buying based on value.

2022-12-13 21:19

troy88

Strong bounce back from last year's low. Congrats to those who bought during the downtrend.

2023-01-16 11:10

troy88

Great QR. Well done Bonia!

2023-02-22 10:25

wallstreetrookieNEW

Holy moly blowout quarter. amazing

2023-02-22 10:26

nicholas99

Run first.
Govt to impose tax on luxury items such as watches, fashion products

2023-02-25 00:48

pang72

Like that jialat for luxury consumers counter

2023-02-25 01:11

pang72

No wonder can't up even good QR

2023-02-25 01:11

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Security LastPr PE DY% Divcts ROE ttm-marg
BONIA (Personal) 2.34 7.26 8.1 19 15.89 16.6

2023-03-30 16:20

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥


Price RM 2.08
Market Cap 419 m

EPS (sen) Latest FY 22.31 sen
DPS(sen) - 2022 17 sen
Latest DY (%) on 2022 DPS 8,06%

BV per share RM 1.98
P/B 1.05 x
ROE latest FY 11.30%

2023-05-16 20:25

dragon328

Good chance to accumulate this quality retails stock

2023-05-31 16:41

dragon328

Q3 core net profit is 18% higher than last year. Prospective PER only at 7.0x. Prospective dividend yield at 13.88% based on CIMB projection

2023-05-31 16:42

dragon328

Good closing today, finally bottoming up!

2023-08-21 19:40

Cryptolover

stable business with 6% dividend, trading at PE of 7, easy money

2023-08-26 00:36

dragon328

Bonia released a set of decent quarterly result for Q4 FY2023. Revenue for Q4 FY2023 dropped slightly compared to last year as Hari Raya this year came in early April 2023 so some of the festive buying was already realised in Q3 FY2023. The good thing is Bonia managed to maintain gross margin of 60% in Q4.

Operating cashflows (before working capital changes and capex) remained strong at RM71 million for FY2023. Capex was unusually high at RM48.2m in FY2023 vs RM9.7m in FY2022, as it opened 5 new boutiques and carried out rebranding effort in FY2023.

Final dividend of 2.0 sen was well expected but the special dividend of 4.0 sen fell short of market expectations, if compared to its special dividend of 12.0 sen last year. I think there are probably 2 reasons for the lower special dividend in FY2023 - 1) much higher capex incurred in FY2023, 2) the disposal of SBG is not complete yet.

Bonia has proposed to dispose off 30% stakes in SBG to its founder for RM17.6 million and this deal is expected to complete in 2H2023. I think we can look forward to a higher special dividend in FY2024 as the completion of this disposal will bring in extra 8.8 sen of cash in addition to projected operating cashflows of over 35 sen per share in FY2024.

2023-08-28 12:42

Cryptolover

kinda feels like market is sleeping on this stock as well, capex is higher due to they are actively upgrading current stores into more "high end design". From what I see in some of the stores, the no. of customer visits looks good and also the business model is able to smoothly pass the cost of labour etc down to customer as like any other luxury brands. I did expect a special dividend of at least 6cents (excluding the normal dividend) but the end announcement is abit below expectation, maybe because the management wanna keep some money to expand their business. The future outlook of this remains very good

2023-08-28 16:34

dragon328

Ya the outlook is good with expandable business model. I was just concerned with the big capex incurred in FY2023, and am not sure of its capex plan for FY2024 and beyond.

I hope the big capex spent on upgrading existing stores in FY2023 has helped the company to maintain the gross margin of 60% and the capex spent on new stores will provide revenue growth into FY2024.

2023-08-28 17:15

dragon328

Bonia just won an arbitration case against an individual for their JV in Vietnam. Bonia will be getting RM21.47 million of compensation from this case.

Coupled with the proceeds of RM17 million from disposal of 30% stake in Sembonia, Bonia will have total RM38 million of extra cash proceeds in FY2024, which pave the way for a bumpy special dividend of at least 10 sen.

2023-09-06 09:46

dragon328

Again in Budget 2024 announcement last Friday, there was no detail as to how the proposed luxury good tax will be implemented, when it will start and above what price threshold the luxury goods will be taxed.

The only new info available is that the new luxury good tax shall be 5% to 10% to be imposed on luxury watches, jewellery and fashion items.

As most of Bonia products (handbags, watches, clothes etc) are priced below RM1,000 each, I do not expect the luxury good tax will be imposed on many Bonia products. Even if some products get taxed, I think Bonia will be able to adsorb or pass on the 5% or 10% tax, or re-priced the products, or introduce more products not subject to the new tax. Overall, I do not expect Bonia sales will be impacted much.

Still looking forward to good sales in coming Q2FY2024 and bumpy dividend for FY2024

2023-10-16 14:18

Cryptolover

like all luxury brand, the rise in cost can be easily pass to customers. current economic environment favours cash rich company with low debt. Easy buy when it is this low

2023-10-20 13:46

Cryptolover

nice price to accumulate more, hopefully once market sentiment improves, will be reflected on the stock price

2023-10-27 10:08

dragon328

Yes @Cryptolover, this is very attractive price to accumulate for long term investment.

Strong operating cashflows of over 30 sen per share every year can support dividend payouts of at least 9 sen to 15 sen a year, giving potential yields of 5% to 9%

2023-10-27 11:33

Cryptolover

nice recovery, my money printer once this goes to 10-15 x earnings!

2023-11-06 10:25

dragon328

Bonia Q1 FY2024 result is not too bad with core net profit close to RM9 million excluding extraordinary items. As expected, an interim dividend of 2.0 sen is declared.

The topline remains resilient while profit drops more substantially due to higher salary costs and operating expenses. With a gross profit margin of close to 60% and EBITDA margin close to 25%, Bonia should be able to ride through the inflationary pressure, I believe.

Looking towards a bumpy final dividend come June 2024

2023-12-01 09:49

Cryptolover

Q1 is historical weaker period for Bonia, but even so its top line and bottom line are growing past pre Covid levels, most importantly margins are growing
really good sign.. once the consumer sentiment gets better, this company gonna easily break the previous year result with 4 times epf handout, im really bullish about this one

2023-12-04 23:13

SincereStock

bought a few at 1.74 after watching this review video

https://www.youtube.com/watch?v=NmZhpEBSmHE

2024-03-26 10:59

Cryptolover

luxury tax postponed, bullish!

2024-03-30 09:15

Jack888

Bonia start to move uptrend...good.

2024-04-01 09:09

LittleKnife

come down d wor.... sold d ?

2024-05-08 22:19

SincereStock

cut queue sold all at 1.71 with minor losses, not satisfied with QR

2024-05-28 09:01

HafizAjiad98

Padini lebih baik drpada Bonia 😬

2024-08-21 20:42

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

CRG

CRG announced a very good last 1H results. Its half yearly earnings, when annualised, exceeded the earnings of Bonia. CRG was a company within Bonia before it was listed in LEAP separately.

Sadly, this company maybe taken private by the major shareholder.

Taking this company out of Bonia, listing it separately and now making an offer to acquire all its to take it private, this does not look good for the owners of Bonia. How is the management's interest aligned with those of the shareholders of Bonia or CRG?

2024-09-04 07:56

HafizAjiad98

wow, mudanya

https://www.businesstoday.com.my/2024/10/01/bonias-group-ceo-helms-executive-vice-chairman-post/

2 months ago

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