MAGNI (7087)
Review of Performance
- Revenue for the current quarter increased by 34.2% as compared to the preceding year corresponding quarter.
- Revenue for the current quarter for garment business increased by 40.6% mainly due to the favourable effects of USD against Ringgit and higher sales orders. However, revenue for packaging business dropped slightly by 0.6%.
- Profit before taxation (PBT) for the current quarter increased by 47.9% mainly due to higher garment revenue but was offset by lower operating income arising from lower currency exchange gain.
Future Prospects
- The manufacturing and sales of garment will still be the Group’s
major revenue contributor. The Group maintains a cautiously positive
outlook for the remaining quarter of the current financial year amid the
global economic uncertainty. Both the garment and packaging businesses
are expected to remain profitable for the remaining quarter of the current financial year.
Dividend
- A single tier special dividend of 2 sen per ordinary share of RM1.00 each for the financial year ending 30 April 2016
- A second single tier interim dividend of 3 sen per ordinary share of RM1.00 each for the financial year ending 30 April 2016
OKA (7140)
Review of Performance
- The Group recorded revenue of RM37.7 million for the quarter under
review as compared to RM38.9 million in the corresponding quarter of the
preceding year. The Group’s profit before tax for the current quarter
was RM7.0 million, representing an decrease of RM0.2 million as compared
to profit before tax of RM7.2 million in the corresponding quarter of
the preceding year. The decrease of the Group’s profit before tax was
mainly due to sales of standard products as compared to higher margin products sold in the corresponding quarter of the preceding year.
Current Year Prospects
- Based on the current economic outlook in Malaysia, the construction
industry is expected to remain progressive. However, uncertainty of
uncontrollable factors such as raw materials costs, fuel and energy
costs including shortage of manpower in the manufacturing sector are
expected to affect the Group’s turnover and profit. The Group’s
continuous effort to diversify its products, introduce products
differentiation and to improve on the existing products together with
the implementation of cost savings measures will help to enhance its overall competitiveness in the industry. In addition, the Group is practicing more aggressive pricing to capture bigger market share. Hence, barring any unforeseen circumstances, the Group is optimistic that it will remain profitable in the remaining quarter.
CENTURY (7117)
Review of Performance
- For the financial quarter ended 31 December 2015, the Group’s
revenue and pre-tax profit were RM73.348 million and RM7.310 million
respectively, compared to revenue and pre-tax profit of RM65.687 million
and RM18.411 million respectively for the corresponding period in the
previous financial year.
- The increase in revenue was mainly due to higher activities of the
Group. However, the decrease in pre-tax profit was mainly due to gain
on disposal of property, plant and equipment and gain on revaluation of
investment property in the corresponding period in the previous
financial year.
Prospects for the Next Financial Year
- In the face of uncertain global economic climate, the logistics
sector is similarly expected to remain challenging in 2016. In view of
the increasingly competitive landscape, the Group will leverage on its
extensive customer network and internal strength which the Group has put
in place that focuses on providing value added logistics solutions,
while maintaining cost efficiencies.
LIIHEN (7089)
Review of Performance
- The fourth quarter Group’s revenue registered at RM152 million, rose 48%
as compared to the corresponding quarter of last year. In the current
quarter, the revenue from the Group’s products increased 15% coupled
with the strengthening of the US Dollar against RM by 30%
that contributed to the overall increase of 45%. The average USD in the
current quarter was at 4.27 as compared to 2014 of 3.29.
- Due to higher revenue and better USD conversion rate, the Group’s profit before tax for the current quarter recorded at RM21.7 million, increased 158% as compared to the profit before tax of RM8.4 million in the previous corresponding quarter.
Current Year Prospects
- The slowdown and rebalancing of the Chinese economy, lower commodity
prices, and strains in some large emerging market economies will
continue to weigh on growth prospects in 2016. If these key challenges
are not successfully managed, global growth could be derailed.
- The main challenges that the Group faced is at the local front where
the acceleration of production costs and shortages of workforce will
continue to affect the Group’s financial performance. In view of that,
the management will continue to focus on the Group’s core products by diversifying its product range to strengthen the market position and expand the customer base and simultaneously continue to adopt an effective cost management. With better controllable cost structure and wider sales market base, the Group is committed to deliver a favourable result for year 2016.
Dividend
- Special single tier dividend of 6 sen per ordinary share of RM0.50 each in respect of the financial year ended 31 December 2015
https://stockhuat.wordpress.com/2016/03/21/first-quarter-review-2016/
