YOONG ONN CORPORATION BERHAD

KLSE (MYR): YOCB (5159)

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Last Price

2.16

Today's Change

-0.09 (4.00%)

Day's Change

2.15 - 2.25

Trading Volume

395,800

Financial

T4Q

31-Mar-2021

2020

31-Mar-2021

2019

31-Mar-2021

2018

31-Mar-2021

2017

31-Mar-2021

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Revenue

238

1000

110

900

600

Discussions
10 people like this. Showing 50 of 834 comments

KelvinLam2288

Don't worry 1Qtrly results profit drop only, after completed acquired SG. T.C Homeplus Pte Ltd 60% will be give Yocb long term higher profit and SG vs MYR currency is jump.๐Ÿ˜‹๐Ÿ˜ƒ

2023-11-26 14:34

KelvinLam2288

Investor Penic sell see short term 1Qtrly profit drop only , but long term SG TC homeplus higher sales and SG VS MYR currency is Strong jump will be pay out high dividend .๐Ÿ˜‹๐Ÿ˜‹

2023-11-27 12:27

KelvinLam2288

Yocb strong cash RM142mil.๐Ÿ˜

2023-11-27 12:28

KelvinLam2288

SGD vs MYR RM3.503๐Ÿ˜†๐Ÿ˜†

2023-11-28 04:10

KelvinLam2288

SGD vs MYR RM3.5114๐Ÿ˜Š๐Ÿ˜Š

2023-11-29 07:09

KelvinLam2288

Best long term strategy boss acquired SG. T.C homeplus๐Ÿ˜Ž๐Ÿ˜

2023-11-29 07:11

KelvinLam2288

Banker wash out short term share investor got many cheap price share.๐Ÿ˜‹๐Ÿ˜„

2023-11-29 17:35

KelvinLam2288

Yocb share price undervalue and banker drop down share price eat many stock.๐Ÿ˜๐Ÿ˜

2023-11-29 17:39

KelvinLam2288

Today wait banker wash plate buy in oversold gold price .๐Ÿ˜‹๐Ÿ˜‹

2023-11-30 08:50

KelvinLam2288

Yocb๐Ÿ“ˆ๐Ÿ˜ƒ๐Ÿ˜ƒ

2023-12-13 17:34

KelvinLam2288

SGD vs MYR RM3.533๐Ÿคฃ๐Ÿคฃ

2023-12-14 04:36

FridayInvestor

Will YOCB increase their dividend in 2024?

2024-01-02 00:40

KelvinLam2288

If do long term invest YOCB can got higher dividend .๐Ÿ˜‹๐Ÿ˜‹

2024-01-02 18:05

KelvinLam2288

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY") ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION")
YOONG ONN CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description YOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY")

ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION")
The terms used herein, unless otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Acquisition.



We refer to the previous announcement dated 2 November 2023 in relation to the Acquisition.



On behalf of the Board, UOBKH wishes to announce that all conditions precedent pursuant to the Conditional SSA have been fulfilled, and that the payment for the Purchase Consideration has been effected and fully settled today. Hence, the Acquisition is deemed completed on 12 January 2024.


TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS YOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY") ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION")
YOONG ONN CORPORATION BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description YOONG ONN CORPORATION BERHAD ("YOCB" OR THE "COMPANY")

ACQUISITION OF 60.0% EQUITY INTEREST IN T.C. HOMEPLUS PTE LTD FOR A TOTAL PURCHASE CONSIDERATION OF UP TO APPROXIMATELY SGD10,949,986 (EQUIVALENT TO APPROXIMATELY RM38,214,355) TO BE SATISFIED ENTIRELY VIA CASH ("ACQUISTION")
The terms used herein, unless otherwise stated, bear the same meaning as those defined in the earlier announcement in relation to the Acquisition.



We refer to the previous announcement dated 2 November 2023 in relation to the Acquisition.



On behalf of the Board, UOBKH wishes to announce that all conditions precedent pursuant to the Conditional SSA have been fulfilled, and that the payment for the Purchase Consideration has been effected and fully settled today. Hence, the Acquisition is deemed completed on 12 January 2024.




2024-01-12 17:24

KelvinLam2288

Long term can to make a profit SGD๐Ÿ˜‹๐Ÿ˜

2024-01-13 05:28

KelvinLam2288

RM1.58 gold price๐Ÿ˜๐Ÿ˜‹

2 months ago

fruitcake

ney, pis of bedshit

1 month ago

4ever5

Just found this stock, put it into my watchlist. cash-rich, stable dividend payout and growth in profit which lead to high dividend.
but current price $1.83 not so attactive. waiting for a correction to enter.
Congrats those who enter 2months ago around $1.50 .

3 weeks ago

fruitcake

BS stocks . dont waste time & money here

3 weeks ago

6stars

Need not talk bad about a well managed company. Itโ€™s share price & dividend payments are proof to itโ€™s performance

2 weeks ago

observatory

Director disposed shares in Nov 2023 but only made announcement in Mar 2024???

2 weeks ago

observatory

Refer to Bursa Guidance to Directors on Dealings in Securities, para 5.3a
"the directors and principal officers must, within 3 market days after the dealings has occurred, give notice of the dealing in writing by submitting Appendix DS-2 to the Company Secretary. The Company Secretary shall
make an immediate announcement through Bursa LINK of such dealing"

This disclosure is late by 5 months!

2 weeks ago

KelvinLam2288

He Non independent&Non executive director.๐Ÿ˜Š

2 weeks ago

PureBULL ...

YOCB

is a super A1 stock with an inspiring investment picture of HH, higher-high:
https://www.tradingview.com/x/Q2omKYLR/

Comparing to similar pic of Allianz n Utdplt:
https://www.tradingview.com/x/0HqqGTlG/
https://www.tradingview.com/x/wH2gGaJr/

YOCB is ever ready to fly high anytime soon.
watch out for increasing daily vol for price action to the fast n furious flying HH journey...
u can't play big in this stock. its illiquid.

https://yoongonn.com/wp-content/uploads/2023/10/YOCB-AR-2023.pdf

2 weeks ago

KelvinLam2288

Yocb the stock is a long term investment can got divided n capital gain don't play speculative for every day ya.๐Ÿ˜Š

2 weeks ago

observatory

All directors attend board meetings where confidential matters are discussed. Disclosure requirement applies to all directors, including non-independent and non-executive.

2 weeks ago

KelvinLam2288

CHAPTER 14 DEALINGS IN LISTED SECURITIES
PART A โ€“ GENERAL
14.01 Introduction
This Chapter sets out the requirements that must be complied with by a listed issuer, its directors and
principal officers in relation to dealings by its directors and principal officers in listed securities.
PART B โ€“ DEFINITIONS
14.02 Definitions
For the purpose of this Chapter, unless the context otherwise requires -
(a)
โ€œ1 full market dayโ€ excludes the day on which an announcement is made. Therefore, for the
purposes of paragraph 14.08(c), regardless of what time the Exchange receives an
announcement on a given day, dealings can only commence after 1 full market day from the
day on which the announcement is made;
(b)
โ€œclosed periodโ€ means a period commencing 30 calendar days before the targeted date of
announcement up to the date of the announcement of the following to the Exchange โ€“
(i)
in relation to a listed issuer, its quarterly reports; or
(ii)
in relation to a listed collective investment scheme or listed business trust, the
quarterly reports or annual reports of the listed collective investment scheme or listed
business trust, as the case may be;
(c)
โ€œdealingโ€ includes any one or more of the following actions, whether undertaken as principal
or as agent -
(i)
acquiring or disposing of securities or any interest in securities;
(ii)
subscribing for or underwriting securities;
(iii)
making or offering to make with any person, or inducing or attempting to induce any
person to enter into or to offer to enter into -
(aa)
any agreement for or with a view to acquiring or disposing of securities or any
interest in securities;
(bb)
any agreement for or with a view to subscribing for or underwriting securities;
or
(cc)
any agreement the purpose or avowed purpose of which is to secure a profit
to any of the parties from the yield of securities or by reference to fluctuations
in the values of securities; and
(iv)
granting, accepting, acquiring, disposing of, exercising or discharging an option
(whether for the call or put or both) or any other right or obligation, present or future,
conditional or unconditional, to acquire or dispose of securities or any interest in
securities;๐Ÿ˜Š

2 weeks ago

KelvinLam2288

Follow CHAPTER 14 DEALINGS IN LISTED SECURITIES, only director n principal officer must be announced to acquire or dispose of securities or any interest in securities before 30 calendar days , he is a non-independent n non- executive director so late announced acquired n disposal share is no any problems.๐Ÿ˜Š

2 weeks ago

observatory

If "non-independent and non- executive director" is NOT a "director", what is he? :)

2 weeks ago

observatory

If a "non-independent and non- executive director" is not bound by the disclosure rule, why even bother to disclose after 5 months? He may as well just keep quiet. :)

2 weeks ago

KelvinLam2288

Bursa securities have request the company to explain any late announced acquired n disposal share ?

2 weeks ago

KelvinLam2288

If u feeling dissatisfied for late announced acquired n disposal share u can report the bursa securities ya.๐Ÿ˜Š

2 weeks ago

observatory

So are we now in agreement that that INED is also a director subject to the disclosure requirement?

Iโ€™m not an insider so I wonโ€™t know if Bursa has asked for an explanation.

I would expect that any self-interested minority shareholders, who are not privy to the discussion during board meetings, will like these insiders to comply with the listing rules. Insidersโ€™ buying and selling of company shares should be made public in a timely manner. Otherwise insiders will have even more unfair advantage.

Why would a shareholder try defending the director who has lapsed in his obligation? Mmmโ€ฆ

2 weeks ago

KelvinLam2288

If u a shareholder for Yocb u can to exit AGM protest for non- independent n non-director late
announced acquired n disposal share ya.๐Ÿ˜Š

2 weeks ago

PureBULL ...

this smallish non.exe director is the corporate lawya who shd know everything.
sc will be super happy gembira to fine him niceeely if he did wrong.
usually bursa declared late or missed to do so on time.

focus on this A1 stock for the big up wave of money!

2 weeks ago

Sslee

Can compete with made in China?

Yoong Onn Corp Bhd is an integrated designer, manufacturer, distributor and retailer of home linen and bedding accessories. It also supplies bedding and bath linen and accessories to hospitality-based institutions, including military accommodations, cruise ships, hospitals, and the royal customs. The company is organized into three principal operating division, Manufacturing; Distribution and Trading; and Retailing. Its primary geographic markets are Malaysia, Singapore, and others. Malaysia contributes the vast majority of total revenue.

2 weeks ago

KelvinLam2288

Yocb ๐Ÿš€๐Ÿš€๐Ÿ˜๐Ÿ˜

2 weeks ago

KelvinLam2288

1.97๐Ÿ“ˆ๐Ÿ˜ƒ๐Ÿ˜ƒ

2 weeks ago

observatory

Someone asked about China competition before. Up to now they still manage to hold their market as can be seen from their revenue and operating margin. The brothers believe that with their multiple brands occupying different market segments, and also through their own and 3rd party distribution channels, they have an edge over Chinese competitors. Despite running its own factory, they also get OEM supply from China.

I donโ€™t know how sustainable it is. But deploying some of its net cash to expand their Singapore presence makes sense.

But the key attraction to me then (not now) was being cheap, with good downside protection given its dividend records. FCF over 5 years averaged at RM25m-RM30m per year. After recovery from Covid (with operational risk receded), for quite a while the share price hovered around RM1, pricing it at 15% to 20% FCF yield.

Itโ€™s harder to judge now. Historically such illiquid stock with no analyst coverage doesnโ€™t command a high valuation. Yeoh Chong Keng was probably unsure too, as he disposed near RM1.9 shortly after the acquisition but bought back later.

2 weeks ago

observatory

First INED is not a director.
Next asked me if Bursa queried them.
Now suggest me to sell in protest???
Yeoh Chong Keng would be touched for the rock solid support he received.

2 weeks ago

KelvinLam2288

Yocb acquired sg tc homeplus is a best business strategy will be make up higher profit margin for long term currency exchange.๐Ÿ˜„๐Ÿ˜„

2 weeks ago

KelvinLam2288

MYR vs SDG 3.527(drop down)๐Ÿ˜Š๐Ÿ˜Š

1 week ago

KelvinLam2288

Yocb 2.20๐Ÿš€๐Ÿš€๐Ÿš€๐Ÿ˜Š๐Ÿ˜Š๐Ÿ˜Š

1 week ago

6stars

A cornered stock๐Ÿค”

1 week ago

KelvinLam2288

A value stock๐Ÿ˜Š

1 week ago

PureBULL ...

CIMB's Research dated April 4th, 2024:
YOCB
Leading integrated end-to-end manufacturer and retailer of home linen in Malaysia
Yoong Onn Corporation Berhad (YOCB) is involved in the manufacturing and retailing of
home linen, including bedding and bath items. It operates a design and production facility in
Nilai, Negeri Sembilan. The company offers products under 13 different brands that it owns,
including Jean Perry, Novelle and AnnTaylor, catering to various market segments ranging
from mass market to premium clientele. Over the years, YOCB has established various
distribution channels, including 37 of its self-owned retail outlets (accounting for 38% of
1HFY6/24 revenue; i.e., Homeโ€™s Harmony & Niki Cains) and over 260 consignment counters
nationwide (contributing to 53.5% of 1HFY24 revenue; i.e., Parkson, Aeon, and Sogo).
Acquired 60% stake in T.C. Homeplus in Jan-24 to expand presence in Singapore
In Jan-24, YOCB acquired a 60% stake in T.C Homeplus (TCH) for RM38.2m (8x CY22 P/E).
TCH, based in Singapore, runs 11 retail outlets specialising in home linen and homeware.
Apart from anticipated earnings accretion, YOCB aims to tap into potential synergies
between both businesses while leveraging TCHโ€™s established presence and growth potential
in Singapore market. For illustration purposes, YOCBโ€™s CY20-22F revenue would grow by
16.0-23.0% while its CY20-22F net profit would rise by 3.2-14.0% if we were to include TCHโ€™s
contribution (60% stake) into YOCBโ€™s CY20-22F financials (on an annualized basis).
YOCB to add 17 to 18 new outlets in FY24F with its products as daily essentials
As home and bath linens are daily essentials, YOCB views the demand for its products as
defensive, driven by both replacement and new usage. YOCB observes three favorable longterm key factors: i) population growth, ii) new property sales, and iii) rising urbanization. Also,
implementation of low-value-goods tax in Jan-24 will benefit YOCB by reducing competition
from overseas online retailers. To capture this demand, YOCB aims to grow its total outlet
count by 54% to 58% to 48-49 outlets in FY6/24F. Beyond that, YOCB sees ample room for
new store additions, mainly outside Klang Valley and Selangor (84% of current outlet count).

Net cash makes up 50.9% of its market cap; Trading at ex-cash CY23 P/E of 4.2x
At end-2QFY6/24, YOCBโ€™s net cash position was RM154m (96.5 sen/share) and it trades at
a 3.5% discount to its NTA (RM1.98/share). It does not have direct comparable peers, given
its direct exposure to the home linen industry (manufacturing and distribution).
Bed makers (Lee Swee Kiat & FACB Industries) and home improvement retailers (MR DIY & SSF) are
the nearest comparable peers. YOCB trades at 8.6x CY23 P/E (ex-cash CY23F P/E of 4.2x
โ€“ assume we strip out cash value per share), a steep discount to Malaysia-listed bed makersโ€™
(26.5%) and Malaysia-listed retailersโ€™ (44.3%) average CY23 P/E of 11.7x and 15.4x.

1 week ago

KelvinLam2288

Yocb RM2.20๐Ÿ˜ŠโœŒ

1 week ago

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