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ZHULIAN (5131) : ZHULIAN CORPORATION BERHAD

gen_hwang
Fully disposed.
29 Jan 2012, 10:05 PM
ILoveDividend

Congra, but why dispose? I think Zhulian should be no problem to break RM2.
30 Jan 2012, 08:56 AM
Jacky
Zhulian : Ending FY11 with a blast (Hwang)

Zhulian Corp Bhd nEnding FY11 with a blast
BUY RM1.89
Price Target : RM 2.30

At a Glance
• 4QFY11 and FY11 earnings were within our expectations; declared 4th interim 3 sen net DPS
• Expect FY12F to record new earnings high amid the current fragile global economy
• Maintain Buy and RM2.30 TP

Comment on Results
4QFY11 net profit grew 18.4% QoQ to RM28.8m despite a 5.4% drop in revenue to RM86.8m. This took FY11 net profit to RM96.1m.

The lower revenue this quarter was due to weaker domestic demand. But the impact was mitigated by an increase in share of associate profits (+11.9% to RM10.9m). And a 4% depreciation of the RM vs USD (3.00 in 3Q11 vs 3.12 in 4Q11) raised overseas translated revenue. Overall EBIT margin improved 300bps YoY and 590bps QoQ to 27.7%.

As expected, Zhulian declared a 4th interim 3 sen net DPS, taking FY11 dividend to 12 sen.

Recommendation
We are retaining our Buy call and RM2.30 TP, based on 6% FY12F yield, in line with its historical average. At end-Nov11, Zhulian was sitting on RM127.7m net cash (against RM131.5m in FY10) or 27.7 sen/share. We continue to like Zhulian for its resilient earnings amid the current fragile global economy. Zhulian’s earnings were resilient during the 2008/09 crisis; FY08 net profit grew 27% YoY and FY09 grew 10% YoY.
30 Jan 2012, 02:19 PM
gen_hwang
I have a bad habit of going against broker calls shy
30 Jan 2012, 02:34 PM
ILoveDividend


Maybe this is the good habit? hehe. notworthy
30 Jan 2012, 02:44 PM
gen_hwang
i wouldn't mind enter again on price weakness after ex-div smile

[not vested, but always interested]
09 Feb 2012, 08:28 PM
gen_hwang
Some USD/RM observations. Expect lower EPS for FY12Q1?

2011:
March
3.03472 MYR (23 days average)
April
3.0115 MYR (20 days average)
May
3.01619 MYR (22 days average)
Q2 - 4.57

June
3.02932 MYR (22 days average)
July
2.99476 MYR (21 days average)
August
2.98561 MYR (23 days average)
Q3 - 5.29

September
3.08458 MYR (22 days average)
October
3.13517 MYR (21 days average)
November
3.15438 MYR (22 days average)
Q4 - 6.26

2012:
January
3.11165 MYR (22 days average)
February
3.02319 MYR (21 days average)
Q1 - ??
05 Mar 2012, 07:57 PM
gab102001
yeah
23 Apr 2012, 10:30 AM
wow123

ahya they have big project in Thailand on development sector like built some apartment & shophouse
04 Jul 2012, 11:14 PM
ILoveDividend
速远机构次季净利增39%

(吉隆坡11日讯)受出口与本地销售走好的推动,促使速远机构(ZHULIAN,5131,消费产品组)现财年次季业绩表现走强,净利增38.7%。

速远机构截至5月杪的财年次季,净利扬升38.7%至2915万令吉,上财年同期为2101万2000令吉。

营业额方面,也由上财年同期的9268万7000令吉,增长19.7%至1亿1098万5000令吉。

现财年首半年的业绩表现,速远机构的净利共计5754万5000令吉,较上财年的4298万9000令吉年增33.9%。

派息3仙

速远机构上半年营业额则增24.6%至2亿2286万5000令吉,上财年的营业额报1亿7891万令吉。

根据文告,速远机构的次季每股盈利为6.34仙,高于上财年同季的4.57仙。

同时,公司董事部也建议派发每股3仙的单层中期股息,上半年累积股息派发为6仙。

随着业绩表现走好,加上积极营销和产品发展计划的推动,速远机构董事部预计,公司有望在2012财年达至营业额取得双位数增长的内部目标。

展望未来,为了巩固速远机构在本地与海外市场的市占率,公司将继续着重于提升现有产品、拓展新产品和新市场

http://www.nanyang.com.my/node/461279?tid=462
12 Jul 2012, 01:13 PM
wow123
Ahya this company going to invest 1b bath in thai for coming 3 year (generated RM50 mil p/month and also going to built more warehouse at karat.)
12 Jul 2012, 02:34 PM
Asriel
the Group has said it
would stick to its 60% dividend payout policy; payout for
1HFY12 was only 48% of earnings.
13 Jul 2012, 09:44 AM
wow123
regarding this counter actually thai 60% malaysia 40% of share which is listed on bursa that means is about 40% of Thai revenue p/mth RM50mil of 40% is RM30mil generated and also contribut to Malaysia revenue base this mass production sector p/mth. If later Thai revenue p/mth increase by RM120mil of 40% by three years , so you can fore see how solid this counter and cash in hand.
13 Jul 2012, 11:17 AM
ILoveDividend
Looks like Zhulian dividend is getting higher this year. Congra to those who bought it 1-2 years ago, you are getting nearly 10% dividend yield this year. smile
13 Jul 2012, 02:20 PM
wow123
They already bulolrolleyesy land in thai , is going start mega project , and anyway get ready to fly soon.thumbupyeahdroollol
16 Jul 2012, 11:39 PM
ch509a
what price can enter ?doh
21 Jul 2012, 02:01 PM
wow123

after GE13 better one , if you are keen to invest , below RM1.8 to RM1.90 than login , because mega project is going kick off by mid next year if everything confirm and find , At first start on conversation centre about 100mil(1B baht)-(*12000 sit) (like Spice in penang) completed by 2 years. Second Supercondon around 800 unit with large lanscape and high end facility , also the most iconic in Thailand besides next not far away , shopping complex , food court , creation centre and more. Anyway they kick off the warehouse first by year end.
I guess , wants their CC ready by 2 years the share prices will be around RM3.00 to 4.50.
Another things forgot to tell you , in indonesia they already bought some land for factory back 3 years ago.
21 Jul 2012, 03:25 PM
Jimstock

My dear friend, if we are sure about the future of this stock ,why wait ? For zhulian to go back 1.80..haha..only god can tell. Keep buying lah
22 Jul 2012, 03:42 PM
wow123

Let wise i says that, If you keen to invest at prices RM1.8 or 1.9 is better bet or after ex dividen , becoz market situation and also GE13 is coming , this means reason i says that. If you have alot of money and why not , pls do so and go ahead your investment. This is my advise and opinion only. droolthumbup
22 Jul 2012, 05:56 PM
thng69
http://www.nanyang.com/node/464621?tid=808 thumbup
28 Jul 2012, 06:33 PM

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