dam82

Divident is reduced due to capex expansion .... selling their infant nutrition ... no new product introduced ..new factory no news .. as usual due to covid will be delayed ... not much positive news ... better buy other FMCG stock..dying business

2022-03-04 22:10

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

The Company recorded 3.3% higher revenue resulting from continued strong commercial execution, which increased the penetration of our milk consumption in Malaysia.
Like-for-like Operating Profit (excluding land & buildings sales and accelerated depreciation of assets) increased 53% in the quarter, where strong demand for Dutch Lady products, lower brand investments were partially offset by significantly rising prices of global dairy raw materials.

Qtr4 2021

2022-05-19 10:17

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

Dutch Lady is determined to invest in Malaysia. (clap)

2022-05-25 16:57

calvintaneng

https://klse1.i3investor.com/blogs/www.eaglevisioninvest.com/2022-08-20-story-h1628036691-REPOSTED_IDEAS_FROM_TSH_RESOURCES_9059_FORUM_Avoid_Spam_Scam_posts_By_C.jsp?_gl=1*1wcypor*_ga*MTczNTMzMTE0MS4xNjU4NDc0MzQ5*_ga_MNBHX2J50S*MTY2MDk3OTMyOS41Ny4xLjE2NjA5ODgxNTYuMC4wLjA.


Posted by calvintaneng > Aug 19, 2022 4:38 PM | Report Abuse

X

Now every co will do this

1. Increase dividend like tsh
2. Reduce dividend like Dlady
3. Ask for money like Yinson
4. Go bankrupt like london biscuit

2022-08-20 17:51

dam82

Dividend will be reduced for a long time ...it’s obvious they cannot manage the cost and blame inflation ..... their operational cost management is very bad...
Old lady should start to manage their cost and introduce innovative product for now better buy Carlsberg or HEIM …
Will not touch for now ….

2022-11-15 20:00

DickyMe

Get rid of rent seeking politicians and extortionists.
Cost will dramatically reduce, and old lady will transform to new lady.

2022-11-15 20:02

pang72

Susu cap German lady satu

2022-11-16 10:48

williamh

It will be similar to BAT few years back and it will became a trading company no wonder the price keep going south,bat was 70 before closing down the factory in pj since then all the way to around the price of today

2022-11-30 13:45

dam82

The new factory will be white elephant for sure ….too much competition and non innovative product …

2022-12-01 09:07

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

DLady


Fiscal year is January-December. All values MYR Millions.
2021
2020
2019
2018
2017
5-year trend


Sales/Revenue
1,134
1,101
1,067
1,049
1,065

Gross Income
400
357
405
416
401

SG&A Expense
189
184
195
194
174

Interest Expense
3
3
4
3
-

Pretax Income
285
98
138
171
158


2021
PBT margin 25.1%
PAT margin 21.9%

2022-12-13 23:23

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

All values MYR Thousands.
2021
2020
2019
2018
2017
5-year trend
Capital Expenditures
(61,692.0)
(93,228.0)
(20,038.0)
(34,278.0)
(16,280.0)

Cash Dividends Paid - Total
(32,000.0)
(51,200.0)
(64,000.0)
(128,000.0)
(179,200.0

ST Debt & Current Portion LT Debt
8,487.0
19,598.0
17,358.0
15,172.0
-

Long-Term Debt
6,652.0
3,590.0
340.0
-
-

Cash & Short Term Investments
118,300.0
55,605.0
61,532.0
32,109.0
61,339.0

2022-12-13 23:39

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

Summary

Revenues and profits had been flat over the last 5 years.
Slight increased in revenues over these years, but profit margins not increasing due to rising costs of raw materials.
Operating expenses were well contained.
Interest expenses remained low/negligible.

Dividends had been cut drastically over the last 5 years.
Many funds looking for dividends had sold down this counter as dictated by their funds requirements.
Capital expenditures had increased over the last 2 years and will remain high until 2025.
Due to high capital expenditures already planned for the next few years, dividends will remain at present levels for the near term, as company needs to invest its funds into PPE for future growth.
Capital expenditures, though high the last 2 years, had been funded from internal generated cash and not from borrowings.
Company borrowings remained negligible to date despite huge capex the last 2 years.
In 2021, cash in hand remained remarkably high.

2022-12-13 23:57

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

https://myinvestingnotes.blogspot.com/2022/12/dutch-lady_28.html
Financial statements of DLady

2 months ago

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

Is Dutch Lady a bargain?

Dutch Lady has dropped a lot from its latest high price. Why?

Your first reaction would not have been, “What a great bargain!” but, “What’s wrong with Dutch Lady?”

Dutch Lady should be inspected and re-inspected for possible flaws.

Among possible reasons for its share price being sold down are:
- Irrational or indifferent selling alone may have made it cheap, but there may be more fundamental reasons for the depressed price.
- Perhaps there are contingent liabilities or pending litigation that you are unaware of.
- Maybe a competitor is preparing to introduce a superior product.

You can have some comfort should you conclude that the price is not depressed for an undisclosed fundamental business reason.

When reason for undervaluation can be clearly identified, the outcome is also more predictable

2 months ago

dam82

Beg to differ on DLADY , their product is very old school no innovation ..or too boring .. they don’t bring their trademark brands from their parent company to Malaysia ….big factory nice to have but still no clear direction … better buy HEIM or CARLSBERG ..

2 months ago

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

What is popular may not be undervalued.
What is shunned and ignored, may be undervalued.

2 months ago

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

https://klse.i3investor.com/web/blog/detail/bfm_podcast/2022-07-28-story-h1627001483-Dutch_Lady_s_Delicate_Balance_Of_Purpose_Profit_And_Price

2 months ago

stockraider

Dlady use to be Rm 60 to Rm 80....touted by 3iii loh!

What happen to dlady.....flattened by atom bomb ah ???

2 months ago

dam82

unlike Aji where the new plant constructed on time and the management clearly stated their future planning ..DLADY plant is delayed and no future direction on their new production .. DLADY have advantage due to the parent company yet same product being produced in Malaysia no innovation.

2 months ago

dam82

by the way will collect below 25 hopefully it will go down more ....

2 months ago

dompeilee

After selling off my DLady @ $64.32 in Oct '18 ,seeing the evidence of increased milk competition in the supermarkets, I re-entered my long position $18.90 cheaper than my original cost in Nov '13 recently(below $30)

2 months ago

pang72

Never thought about dlady will be in negative earning in one day

4 weeks ago

Calvin882

Not really surprising actually. Milk is no longer affordable nowadays. It is only a necessity for underaged consumer. Consumption is minimal for adults. The industry do not have pricing power too. Inflation and high operation cost will eventually eat into the margin. It's time to diversify the business.

4 weeks ago

i3lurker

its a one off Gross Loss that may NOT happen again next QR

having said that its nothing to be happy about.
DL remains a challenged counter.
If you must have DL for "personal liking" reasons now is the time to buy

though I dun recommend DL at all.
there are better counters

4 weeks ago

i3lurker

going back to history
when it was below 40 I told 3iii it will go 44/48 at Investlah, thats a big jump for stable counter
I dun tink 3iii believed me
of course history proved me wrong coz it went to 64

later here in i3, I told 3iii US milk companies going bankrupt when it was above 40
and I had not looked at it since then
30 is expected compared to Global milk companies

4 weeks ago

Income

Why last time 40 to 48.
But now 30 only?

Posted by i3lurker > 1 hour ago | Report Abuse

going back to history
when it was below 40 I told 3iii it will go 44/48 at Investlah, thats a big jump for stable counter
I dun tink 3iii believed me
of course history proved me wrong coz it went to 64

later here in i3, I told 3iii US milk companies going bankrupt when it was above 40
and I had not looked at it since then
30 is expected compared to Global milk companies




I think this is the reason. Cow not productive after this happened???

https://youtube.com/shorts/S_Y8x6PsRDg?feature=share

4 weeks ago

Calvin882

Don't think Dlady is good for long term holding. Dlady main target market is children. Current population is at the peak and our country is becoming aging country. Lesser people are having babies means market is gradually shrinking. Should come out with some new products targeting senior citizen.

3 weeks ago

dam82

I agree with the statement , big factory not clear on their strategy same old product their famous brand like chochomel , vale from their parent company is not produced in Malaysia …. Cost structure not good operational expenses is high and they will try to repatriate more money to parent company instead providing dividend to local shareholder .

Need to bring more innovative product and aggressive cost management needed .. don’t touch for now .

3 weeks ago

pang72

This D. Lady will hv more more discount coming because in red

3 weeks ago

troy88

wow, terrible QR. What happened to this once great consumer giant?

3 weeks ago

Income

This is the treasure for older generations?
https://youtube.com/shorts/LQGFsYOqLnE?feature=share

3 weeks ago

calvintaneng

Dlady has neither moat nor margin of safety now

With fundamental gone due to many new entrants, high cost of labour & low demand Inventories (perishable) are up

Little Cash left
Dividend might be cut further or non at all

GOT VERY HIGH PAYABLES IN BALANCE SHEET

DANGER IS INSOLVENCY

ONE DAY MIGHT SPRING A SURPRISE

DLADY MIGHT GIVE OUT RIGHTS ISSUES TO BEG FOR MONEY FROM SHARE HOLDERS

HOW ARE THE MIGHTY FALLEN!!

GO BUY THESE LOWLY STOCKS WITH GOOD POTENTIAL WITH HIGH PROFITS AND GOOD DIVIDENDS

TSH
THPLANT
BPLANT
JTIASA

3 weeks ago

i3lurker

reasons not to buy DLady share
Sent message. reasons not to buy DLady share
Searching for: reasons not to buy DLady share

Searching for: reasons not to buy DLady share

Generating answers for you…

Generating answers for you…

Some possible reasons not to buy DLADY share are:

It faces intense competition from other dairy companies, such as Goodday, Nestle and F&N, which may erode its market share and profitability1.
Its net profit margins have declined over the past 6 years, despite improving gross profit margins, indicating rising operating costs or lower sales volume2.
It has a high price-earnings ratio of 40.8 (as of 2 March 2023), which may indicate that it is overvalued or has low growth prospects2.
However, these reasons are not conclusive and you should do your own research and analysis before making any investment decisions.

Are you still interested in buying DLADY share?

3 weeks ago

calvintaneng

A LOT OF PEOPLE WILL LOSE ALL THEIR MONEY, By Marc Faber

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-03-02-story-h-296537223-A_LOT_OF_PEOPLE_WILL_LOSE_ALL_THEIR_MONEY_By_Marc_Faber

3 weeks ago

calvintaneng

Code of ethics?

Zhuge_Liang

Calvin totally agree with you

As for Dlady it has been used as a front to attack and demean others

So this is only an update of Dlady very poor record for years

He should just shut up and take care and put his house in order

3 weeks ago

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

calvintaneng

I am surprised that you cannot see you are not so ethical in your posts.
I have been holding DLady for many years. It was never promoted, though I shared how DLady has been a very rewarding stock to have for these years.
As was in previous cases too, stock prices can go up or down for various reasons. It is not unusual for a stock to go up 50% or down its equivalent 1/3rd in a 52 week period.
Yes, DLady has hit a difficult patch the last few years. Its earnings are down, its dividends cut, profit margins shrunk, cost of goods gone up ... etc. It also has to spend a great deal of money (capex) for its new manufacturing plants. All these are known.
The question to answer is: Will DLady's business be better in 2 to 5 years from now? At the present price, will you be happy to buy, hold or sell the stock?

I always go through these thinking process, often keeping these to myself.

We had a long discussion on Netx for almost 2 years. calvintaneng should be ashamed of himself for all the remarks he made on so many people who participated in Netx. Did you even admit you were wrong or you have made a very big mistake in Netx? Of course, not. Pride and arrogance are your trademarks. We do not expect to have a good dealing with people lacking integrity.

Have a great day. My participation in i3 is purely investing for gains.

3iii

3 weeks ago

calvintaneng

The gruesome acc and balance sheet of Dlady

This qtr reported a loss of 31 sen

inventories
unsold goods up from Rm161 millions to Rm228 mil

(these are perishables and if cannot be sold got expiry dates and might end up as write off losses

2 weeks ago

calvintaneng

more gruesome figures

Cash dropped from Rm118 millions to only Rm104 millions

receivables (ioi) up from Rm76 mil to Rm97 mil


if cannot get payment will turn to bad debts

2 weeks ago

calvintaneng

Worsening debt

payable increased from Rm282 millions to Rm413 million or got extra debt to pay amounting to Rm131 millions

This increase of Rm131 millions have wiped out little remaining cash of Rm104 million leaving a deficit hole

2 weeks ago

calvintaneng

Gruesome state indeed

3 things can happen

1. Give out private placement at discount of 10% to 20% to raise capital

this is bad as it will dilute existing shareholders value

2. Give Rights issue to ask for money
again bad

times are tough people need money rather than giving out money to help

3. If both failed then insolvency and Pn17 or a possible pharma going limit down


verdict

sell before waterfall

2 weeks ago

dam82

hahah just had to lough at Calvin ...its true DLADY not doing well but remember their parent company might not be well known but a huge dairy company .... they don't invest close to 700mil just to produce dairy product for local market thats just does not make sense ... no way the parent company want to have enlarge share base then the divident will be reduced .... no chance going to PN17 ..is it worth to buy now i don't think so ... wait till the factory almost completely build let them do more impairement .. price will go down same like Aji then will buy ...

2 weeks ago

calvintaneng

dam82

if you know the horse you are riding on is dead

the best course of action is to dismount

2 weeks ago

i3lurker

eat horse meat tartare or BBQ horse meat or horse meat medium rare or horse meat satay

2 weeks ago

dam82

i did not say all gloom for dlady go in when they bout to open their new factory and sell later ... don't touch this for now ..

2 weeks ago

pang72

Not sure where is the bottom?
Something wrong

2 weeks ago

dam82

nice nice ..lets wait below 20 or around 22 .... waiting

2 weeks ago

investor2021trading

i waiting for F&N below 25!

2 weeks ago

calvintaneng

TSH RESOURCES (9059) Now Rm1.07 Versus DUTCH LADY (3062) Now Rm27.10, Compare & Contrast Their Future Potential, Calvin Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2023-03-12-story-h-276217900-TSH_RESOURCES_9059_Now_Rm1_07_Versus_DUTCH_LADY_3062_Now_Rm27_10_Compar

2 weeks ago

fortunefire

on the way back to holland?

1 day ago

calvintaneng

yes correct

bringing with it 3iii all the way to Holland

4 hours ago