2Q FY2013 Result Commentary
|
|
- Isabella Cain
- 6 years ago
- Views:
Transcription
1 2Q FY2013 Result Commentary 29 August
2 Table of Contents 2QFY2013 Financial Highlights Plantation Division Performance Healthcare Division Performance Investment Merits 2
3 2QFY2013 Financial Highlights 3
4 Key Messages Plantation Division Healthcare Division Improvement in productivity Higher CPO yield (FFB yield X OER) Lower production of CPO and PK due to replanting of old trees Lower average selling prices of CPO and PK in line with industry trend Higher revenue per patient Increase in the hospital case-mix of patients Better control of overhead costs Affected by higher expenses replanting expenses, manuring activities and losses at Indonesia operations 4
5 Income Statement Summary RM 000 2QFY2013 2QFY2012 y-o-y change 1HFY2013 1HFY2012 y-o-y change 1QFY2013 q-o-q change Revenue 81,143 96,693-16% 171, ,364-12% 90,084-10% Gross Profit 22,369 32,793-32% 60,524 78,559-23% 38,155-41% Profit before tax (4,133) 13,806 >-100% 15,185 39,567-62% 19,318 >-100% Tax expense (1,499) (5,248) 71% (6,482) (13,062) 50% (4,983) 70% PATAMI (5,421) 9,400 >-100% 8,775 27,068-68% 14,196 >-100% EPS (sen) (0.37) 3.88 >-100% % 5.75 >-100% GP margins 28% 34% 35% 40% 42% PBT margins n.m. 14% 9% 20% 21% PATAMI margins n.m. 10% 5% 14% 16% Effective tax rate^ Note 1 38% 43% 33% 26% ^Higher than statutory tax rate due to certain expenses not deductible for tax purposes. Note 1 : Tax expense of RM1.5 million is due to under provision of tax expense 1Q2013 5
6 Strong Financial Position (RM 000) As at 31 June 2013 (Unaudited) As at 31 Dec 2012 (Audited) Non-Current Assets 1,256,514 1,197,752 Current Assets 195, ,428 Current Liabilities 120, ,581 Non-Current Liabilities 132, ,141 Shareholders' Equity 1,186,197 1,234,267 Minority Interest 12,403 25,191 Borrowings (ST + LT) 43,010 30,413 Cash & Bank Balances 115, ,554 Gearing (times) Net Gearing Net Cash Net Cash Net Assets/Share (RM)* Drawdown of borrowings for capital expansion of plantation and healthcare division Ample room to gear up due to negligible gearing level Net Tangible Assets/ Share (RM)* *Exclude minority interest 6
7 Plantation Division Performance 7
8 Plantation Performance Revenue and PBT are impacted by : 1 Average CPO Price RM/mt Average PK Price RM/mt Lower Average Selling Price Q Q % change 1H H 2013 % change 3,419 2,358-31% 3,236 2,306-29% 1,946 1,219-37% 1,927 1,192-38% 69,626 Revenue (RM 000) (24%) 51, ,827 (19%) 114,069 2 Lower production of CPO and PK by 4% Q Q % change 1H H 2013 % change 2Q2012 2Q2013 1H2012 1H2013 CPO Production mt 20,386 19,626-4% 41,042 41,274 +1% PK Production mt 5,075 4,866-4% 11,022 10,845-2% PBT (RM 000) 3 Higher expenses 34,446 2Q Q Q2013 1Q2013 Immature area expenses (RM'000) ,338 2,248 Start-up losses at Indonesia operation (RM'000) 1,705 1,219 2,223 1,857 Manuring activities (RM'000) 19,245 6,424 17,166 8,581 11,208 (>100%) (78%) 7,430 Total 21,337 7,968 22,727 12,686 Total 29, % Total 35,413 2Q2012 2Q2013 1H2012 1H2013 (7,417) 8
9 Higher CPO yield (mt/ha) CPO Yield = FFB yield x OER Increase in CPO yield resulting from improvement in productivity Despite increase in CPO yield, production decreased due to lower mature area resulting from replanting of old trees +5% H2012 1H2013 9
10 Landbank Expansion Malaysia and Indonesia Total Planted Area (Ha) For 1H2013 we have planted 3,074 ha, bringing our total planted area there to 11,155 ha. +6,919 * +22,563 * 70,000 The size of our planted area in Indonesia is now equivalent to 30% of our planted area in Terengganu, and growing. 47,437 39,034 40,518 32,710 33,222 33, f 1H f * New planted areas are from Kalimantan, Indonesia 10
11 Plantation - Expansion into Indonesia Target to fully complete plantation of Indonesian landbank by
12 Healthcare Division Performance 12
13 Healthcare Performance Higher revenue and PBT mainly due to: 1 Revenue (RM 000) 53,537 +7% 57,157 Improved case-mix of patients 27,067 +8% 29,257 2 Better control of overhead costs 2Q2012 2Q2013 1H2012 1H2013 PBT (RM 000) +32% 5,372 7,708 2, % 3,239 2Q2012 2Q2013 1H2012 1H
14 Bottom-line improvement across 4 hospitals Profit Before Tax 1H2012 1H2013 change RM 000 RM 000 RM 000 % Kuantan Medical Centre 5,862 6, % Kelana Jaya Medical Centre % Kuala Terengganu Specialist Hospital % Taman Desa Medical Centre (910) (323) % 14
15 Increase in Average Revenue Per Patient Average revenue per patient (RM) % +11% Q2012 2Q2013 1H2012 1H
16 Investment Merits 16
17 Peer Comparison No Company Market cap (RM mil) Trailing 12- months PE (x) Forward PE (x) P/BV (x) Dividend yield (FY2012) TDM 1, NA % Plantation (similar landbank size) 1 IJM Plantations 2, % 2 Sarawak Oil Palms 2, % 3 Hap Seng Plantations 1, % 4 TSH Resources 1, % 5 TH Plantations 1, % Average % Healthcare 1 IHH Healthcare 31, n/a 2 KPJ 4, % Average % Source: Bloomberg as at 29 August
18 Summary Investment Highlights Well-Positioned for Future Growth, Poised to Deliver Long-Term Value Supported by strong management team Established track record in strategically transforming and growing core businesses Committed to rewarding shareholders Dividend policy to payout at least 30% of net profit Track record of growing annual dividends Strong financial standing Healthy balance sheet ability to raise borrowings to finance future expansion Substantial financial strength to pay good dividends Expansion plans underway On-track to double beds capacity (to reach 450 beds) by 2016 and to double plantation landbank size (to reach 70,000 ha) in
19 Thank You 19
Investor Briefing 19 April 2013
Investor Briefing 19 April 2013 1 Table Of Content Company Background Our Approach Plantation Division Healthcare Division Investment Merits 2 Company Background 3 Company Snapshot Share Price @ 16/4/2013
More informationOverview of TDM Highlights Financial Highlights Plantation Performance Healthcare Performance Dividend Distribution Q&A (From MSWG)
1 Contents 1 Overview of TDM 2 Highlights 3 Financial Highlights 4 Plantation Performance 5 Healthcare Performance 6 Dividend Distribution 7 Q&A (From MSWG) 2 WHERE WE ARE 3 Plantation Division Business
More informationTDM (TDM MK) Neutral. Decent Mid-Sized Planter With Long Term Potential
Company Update, TDM (TDM MK) Neutral Consumers Staples - Consumer Products Target Price: MYR0.97 Market Cap: USD425m Price: MYR0.91 Decent Mid-Sized Planter With Long Term Potential Macro Risks Growth
More informationIJM PLANTATIONS BUY. Earnings recovery in FY14F. Company report. (Maintained) Rationale for report: Company Update PLANTATION
PLANTATION IJM PLANTATIONS (IJMP MK, IJMP.KL) 4 July 2012 Company report Gan Huey Ling, CFA gan-huey-ling@ambankgroup.com 03 2036 2305 Earnings recovery in FY14F Rationale for report: Company Update BUY
More information3 rd Quarter Ended 30 th September 2013 Results
3 rd Quarter Ended 30 th September 2013 Results 27 th November 2013 Scope 1 Group financials 2 Operations review 1 SECTION 1 Group financials Consolidated income statement summary Group s revenue for 3Q
More informationGENT PLANTATIONS BUY. Positioned for growth from Indonesia. Company report. (Maintained) Rationale for report: Company Update PLANTATION
PLANTATION GENT PLANTATIONS (GENP MK, GENS.SI) 27 June 22 Company report Gan Huey Ling, CFA gan-huey-ling@ambankgroup.com 3 236 235 Positioned for growth from Indonesia Rationale for report: Company Update
More informationMarket Access. M&A Securities. Results Review (1Q15) TSH Resources Berhad HOLD (TP: RM2.38) A Tough Quarter - More Room to Grow.
M&A Securities Results Review (1Q15) PP14767/09/2012(030761) TSH Resources Berhad Thursday, May 21, 2015 HOLD (TP: RM2.38) A Tough Quarter - More Room to Grow Results Review Actual vs. expectations. TSH
More informationWILSON & YORK 23/5/2014
Financial Year End 31/12/2014 Report Period Ending 31/03/2014 Reporting Quarter 1Q-2014 RESULTS REPORT Recommendation HOLD Target Price (MYR) 2.60 Current Price (MYR) 2.88 Industry Group Industry Sub Group
More informationKL KEPONG BUY. Young trees to underpin long-term growth. Company report. (Maintained) Rationale for report: Company Update PLANTATION
PLANTATION KL KEPONG (KLK MK, KLKK.KL) 20 March 2013 Company report Gan Huey Ling, CFA gan-huey-ling@ambankgroup.com 03 2036 2305 Young trees to underpin long-term growth Rationale for report: Company
More information4 th Quarter Ended 31 December 2016 Results
4 th Quarter Ended 31 December 2016 Results 24 February 2017 Scope 1 Group financials 2 Operations review 1 SECTION 1 Group financials Consolidated income statement summary The Group recorded revenue of
More informationMarket Access. Results Review (4Q14) M&A Securities. Genting Plantations Berhad. Hit by Plantation-Malaysia Segment. Thursday, May 28, 2015
M&A Securities Results Review (4Q14) PP14767/09/2012(030761) Genting Plantations Berhad Thursday, May 28, 2015 HOLD (TP: RM10.77) Hit by Plantation-Malaysia Segment Results Review Actual vs. expectations.
More information1 st Quarter Ended 31 March 2017 Results
1 st Quarter Ended 31 March 2017 Results 1 June 2017 Scope 1 Group financials 2 Operations review 1 SECTION 1 Group financials Consolidated income statement summary The Group registered revenue of RM1.2
More informationIOI Corp IOI MK Sector: Plantation
Focused on lifting of RSPO suspension IOI is focused on taking corrective actions for early lifting of the RSPO membership suspension. We believe a prolonged suspension will have significant impact on
More informationMarket Access. Results Review (2Q15) M&A Securities. Genting Plantations Berhad. Hit by Plantation-Malaysia Segment. Wednesday, August 26, 2015
M&A Securities Results Review (2Q15) PP14767/09/2012(030761) Genting Plantations Berhad Wednesday, August 26, 2015 HOLD (TP: RM9.66) Hit by Plantation-Malaysia Segment Results Review Actual vs. expectations.
More informationCompany Presentation 2Q and 1H 2012 Results. 15 Aug 2012
Company Presentation 2Q and 1H 2012 Results 15 Aug 2012 Presentation Outline 1 Plantation Highlights 2 Financial Highlights 3 Strategies and Expansion 4 Appendix 1 1 Section 1 Plantation Highlights g 2
More informationGlobal Palm Resources Holdings Limited AGM FY2016. April 2017
Global Palm Resources Holdings Limited AGM FY2016 April 2017 1 A palm oil producer in Indonesia Plantation (Cultivation) Mill (FFB Processing) Products In West Kalimantan, Indonesia As at 31 December 2016:
More informationCompany Presentation 3Q and 9M 2012 Results. 31 Oct 2012
Company Presentation 3Q and 9M 2012 Results 31 Oct 2012 Presentation Outline 1 Plantation Highlights 2 Financial Highlights 3 Strategies and Expansion 4 Appendix 1 1 Section 1 Plantation Highlights g 2
More informationIOI Corp IOI MK Sector: Plantation
Waiting IOI has made its submissions and is awaiting an official reply from the RSPO Complaint Panel on its application to lift the certification suspension. We believe the decline in market capitalisation
More informationGrowing Value Driving Sustainability
Global Palm Resources Holdings Limited 4Q2017/FY2017 Results March 2018 Growing Value Driving Sustainability 1 Disclaimer This presentation has been prepared by Global Palm Resources Holdings Limited (
More informationTH Plantations Berhad (Company No M) (Incorporated in Malaysia)
QUARTERLY REPORT FOR THE SECOND QUARTER ENDED 30 JUNE 2018 The Directors have pleasure in announcing the unaudited consolidated results for the second quarter ended 30 June 2018. CONDENSED CONSOLIDATED
More informationCompany Presentation 1Q 2012 Results. 30 April 2012
Company Presentation 1Q 2012 Results 30 April 2012 Presentation Outline 1 Plantation Highlights 2 Financial Highlights 3 Strategies and Expansion 4 Appendix 1 1 Section 1 Plantation Highlights g 2 Planted
More informationGlobal Palm Resources Holdings Limited 2Q2017/1H2017 Results. August 2017
Global Palm Resources Holdings Limited 2Q2017/1H2017 Results August 2017 1 A palm oil producer in Indonesia Plantation (Cultivation) Mill (FFB Processing) Products In West Kalimantan, Indonesia As at 30
More informationGlobal Palm Resources Holdings Limited 3Q2017/9M2017 Results. November 2017
Global Palm Resources Holdings Limited 3Q2017/9M2017 Results November 2017 1 A palm oil producer in Indonesia Plantation (Cultivation) Mill (FFB Processing) Products In West Kalimantan, Indonesia As at
More informationNegeri Sembilan Oil Palm Berhad
INITIATING COVERAGE 16 November 2017 Negeri Sembilan Oil Palm Berhad Net cash of RM124.1 million, or RM1.77 per share Conservatively run and fairly unexciting Replanting on-going; high ratio of old and
More informationGlobal Palm Resources Holdings Limited 1Q2017 Results. May 2017
Global Palm Resources Holdings Limited 1Q2017 Results May 2017 1 A palm oil producer in Indonesia Plantation (Cultivation) Mill (FFB Processing) Products In West Kalimantan, Indonesia As at 31 March 2017:
More informationContents. Cover Rationale
Cover Rationale Building a greater future is the aim of our Transformation Model of our plantation and healthcare businesses. This is manifested in our company s vision to inspire our people to improve
More informationIOI CORPORATION HOLD. Dividends are sustainable for now. Company report. (Maintained) PLANTATION
PLANTATION IOI CORPORATION (IOI MK,IOIC.KL) 26 July 2018 Company report Gan Huey Ling, CFA gan-huey-ling@ambankgroup.com 03 2036 2305 Dividends are sustainable for now Rationale for report: Company Update
More informationPlantation. Inventory rises as production exceeds exports. NEUTRAL (maintain) Sector Update
12 September 217 Inventory rises as production exceeds exports CPO production in August decreased slightly mom on the back of lower production from the Peninsular and Sabah regions. Meanwhile, exports
More informationFV: RM1.48 Main Market Listing. Tanah Makmur Berhad A Value Buy. NEW LISTING Tuesday, July 01, 2014 FBM KLCI: 1, Sector: Plantation
A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 Tanah Makmur Berhad A Value Buy NEW LISTING Tuesday, July 01, 2014 FBM KLCI:
More informationCorporate Profile. 11 January 2018
Corporate Profile 11 January 2018 Introduction to Kim Loong Resources Berhad ( KLR ) Group KLR s holding company, Sharikat Kim Loong Sendirian Berhad, had its beginning back in 1967 with a 1,000 acre rubber
More informationImpact of new export tax rate system 15 October 2012 OVERWEIGHT. Rationale for report : Sector update
Investment Highlights PLANTATION SECTOR Impact of new export tax rate system 15 October 2012 OVERWEIGHT Gan Huey Ling gan-huey-ling@ambankgroup.com +603 2036 2305 Rationale for report : Sector update (Maintained)
More informationWILSON & YORK 28/11/2012
Financial Year End 31/12/2012 Report Period Ending 30/09/2012 Reporting Quarter 3Q-2012 RESULTS REPORT Recommendation HOLD Target Price (MYR) 2.30 Current Price (MYR) 2.25 Industry Group Industry Sub Group
More informationCompany Presentation 1Q 2018 Results. 30 April 2018
Company Presentation 1Q 2018 Results 30 April 2018 Click Presentation to edit Master Outline title style 1 2 Plantation Highlights Financial Highlights 3 4 Strategies and Expansion Appendix 2 Click to
More informationBumitama Agri Ltd. Excellence Through Discipline. Nine Months & Third Quarter Presentation 14 November 2012, Singapore
Bumitama Agri Ltd. Excellence Through Discipline Nine Months & Third Quarter Presentation 14 November 2012, Singapore 1 Disclaimer This presentation should be read in conjunction with the financial statements
More informationResults Update 29 June 2018 Kim Loong Resources Bhd An insipid start
JF APEX SECURITIES BERHAD (47680-X) Results Update 29 June 2018 Kim Loong Resources Bhd An insipid start BUY Target price: RM1.52 KLCI 1665.68 points Share Price RM1.32 Target Price RM1.52 Expected share
More informationKPJ Healthcare Berhad Higher operating expenses a drag on earnings
24 November 2017 3QFY17 Results Review KPJ Healthcare Berhad Higher operating expenses a drag on earnings INVESTMENT HIGHLIGHTS 3QFY17 earnings below expectations at RM30.6m Revenue boosted by organic
More informationTa Ann TAH MK Sector: Timber
Plantation taking the lead We believe Ta Ann s plantation division is likely to take the lead in 2016. The rising FFB and CPO production coupled with better CPO prices should provide future earnings growth
More informationBumitama Agri Ltd. First Quarter 2017 Presentation. Excellence Through Discipline. 15 May 2017
First Quarter 2017 Presentation 15 May 2017 Disclaimer This presentation should be read in conjunction with the unaudited financial statements of (the Company ) for the financial quarter ended 31 March
More informationCompany Presentation 3Q 2018 Results. 31 Oct 2018
Company Presentation 3Q 2018 Results 31 Oct 2018 Click Presentation to edit Master Outline title style 1 2 Plantation Highlights Financial Highlights 3 4 Strategies and Expansion Appendix 2 Click to edit
More informationFELDA GLOBAL VENTURES HOLDINGS BERHAD
FELDA GLOBAL VENTURES HOLDINGS BERHAD Financial Results Briefing 2 nd Quarter for the Financial Period Ended 30 June 2017 Presented by: Officer In-Charge Interim Chief Financial Officer 30/08/2017 DISCLAIMER
More informationCompany Presentation 3Q 2017 Results. 27 Oct 2017
Company Presentation 3Q 2017 Results 27 Oct 2017 Presentation Outline 1 2 Plantation Highlights Financial Highlights 3 4 Strategies and Expansion Appendix Plantation Highlights Planted Area In Ha 31 Dec
More informationCompany Presentation 3Q and 9M 2016 Results. 28 Oct 2016
Company Presentation 3Q and 9M 2016 Results 28 Oct 2016 Presentation Outline 1 Plantation Highlights 2 Financial Highlights 3 Strategies and Expansion 4 Appendix 2 Plantation Highlights 3 Planted Area
More informationKINDLY REFER TO THE LAST PAGE OF THIS PUBLICATION FOR IMPORTANT DISCLOSURES
28 November 2016 1QFY17 Results Review Sime Darby Berhad FFB production affected by El Nino INVESTMENT HIGHLIGHTS 1QFY17 core earnings below expectation Plantation division FFB volume is lower than expected
More information1 st Quarter ended 31 March May 2008 Singapore
First Resources Limited Performance Presentation 1 st Quarter ended 31 March 2008 15 May 2008 Singapore Table of Contents 1Q08 Financial Performance 3 1Q08 Operational Performance 9 Key Strengths 12 Outlook
More informationBumitama Agri Ltd. Fourth Quarter & Full Year 2017 Presentation. Excellence Through Discipline. 27 February 2018
Fourth Quarter & Full Year 2017 Presentation 27 February 2018 Disclaimer This presentation should be read in conjunction with the unaudited financial statements of (the Company ) for the financial quarter
More informationKIM LOONG RESOURCES BERHAD (Company Number : K)
(Company Number : 22703-K) UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME INDIVIDUAL QUARTER CUMULATIVE QUARTER CURRENT PRECEDING CURRENT PRECEDING YEAR YEAR YEAR YEAR QUARTER CORRESPONDING
More information3. SUMMARY 3.1 OVERVIEW
3. SUMMARY This section is only a summary of the salient information about us and the IPO and is extracted and summarised from the full text of this Prospectus. You should read and understand this section
More informationCompany Presentation 2Q 2016 Results. 12 Aug 2016
Company Presentation 2Q 2016 Results 12 Aug 2016 Presentation Outline 1 Plantation Highlights 2 Financial Highlights 3 Strategies and Expansion 4 Appendix 2 Plantation Highlights 3 Planted Area In Ha 30
More informationBumitama Agri Ltd. Excellence Through Discipline. Fourth Quarter & Full Year 2016 Presentation 24 February 2017
Fourth Quarter & Full Year 2016 Presentation 24 February 2017 Disclaimer This presentation should be read in conjunction with the financial statements of Bumitama Agri Ltd. (the Company ) for the financial
More informationFY2017/2018 Results Announcement First Quarter ended 30 September 2017
FY2017/2018 Results Announcement First Quarter ended 30 September 2017 16 November 2017 SIME DARBY PURE PLAY EXERCISE 2 Transaction Overview Existing Corporate Structure Corporate Structure Post Proposals
More informationSime Darby Plantation Welcoming The Pure FBMKLCI Planters
29 November 2017 Initiate Coverage Sime Darby Plantation Welcoming The Pure FBMKLCI Planters Initiate with NEUTRAL Target Price (TP): RM5.60 INVESTMENT HIGHLIGHTS Pure plantation company post demerger
More informationCompany Presentation 4Q 2017 Results. 28 Feb 2018
Company Presentation 4Q 2017 Results 28 Feb 2018 Presentation Outline 1 2 Plantation Highlights Financial Highlights 3 4 Strategies and Expansion Appendix Plantation Highlights Planted Area In Ha 31 Dec
More informationFelda Global Ventures Holdings PLANTATION
PP13693/03/2013(032114) Initiating Coverage 4 June 2012 Felda Global Ventures Holdings PLANTATION Venturing into a new business model Felda Global Ventures Holdings Bhd (FGVH) is on track to raise some
More informationCompany Presentation 4Q 2018 Results. 28 Feb 2019
Company Presentation 4Q 2018 Results 28 Feb 2019 Click Presentation to edit Master Outline title style 1 2 Plantation Highlights Financial Highlights 3 4 Strategies and Expansion Appendix 2 Click to edit
More informationCompany Presentation 2Q 2017 Results. 28 July 2017
Company Presentation 2Q 2017 Results 28 July 2017 Presentation Outline 1 2 Plantation Highlights Financial Highlights 3 4 Strategies and Expansion Appendix Plantation Highlights Planted Area In Ha 30 Jun
More informationKPJ Healthcare Berhad Another hospital on deck
13 September 2012 Corporate Update KPJ Healthcare Berhad Another hospital on deck Maintain BUY Unchanged Target Price (TP): RM6.98 INVESTMENT HIGHLIGHTS Hospital acquired. KPJ s subsidiary, Ipoh Specialist
More informationCompany Presentation 2Q 2018 Results. 26 July 2018
Company Presentation 2Q 2018 Results 26 July 2018 Click Presentation to edit Master Outline title style 1 2 Plantation Highlights Financial Highlights 3 4 Strategies and Expansion Appendix 2 Click to edit
More informationORIENTAL HOLDINGS BERHAD (Company No U) (Incorporated in Malaysia)
FOR THE PERIOD ENDED 31 MARCH 2015 1. Basis of Preparation The Group falls within the scope definition of Transitioning Entities. Transitioning Entities are allowed to defer the adoption of Malaysian Financial
More informationFinancial Highlights. Operational a Highlights
INTEGRATED AGRIBUSINESS WITH LEADING BRANDS Company Presentation 3Q10 and 9M10 Results 29 October 2010 Results Summary 3Q10 and 9M10 2,600 2,400 2,200 2,000 1,800 1,600 1,400 1,200 1,000 800 750 700 650
More informationPharmaniaga MARKET PERFORM. 1Q15 Inline but Rich Valuations. Results Note. Price: RM6.91 Target Price: RM6.95. PP7004/02/2013(031762) Page 1 of 5
Pharmaniaga 1Q15 Inline but Rich Valuations By the Kenanga Research Team l research@kenanga.com.my Period 1Q15 Actual vs. Expectations 1Q15 PATAMI of RM31.8m (+21% YoY) came in at 32% and 31% of our and
More informationJakarta, 28 October M16 Results Presentation
Jakarta, 28 October 2016 Results Presentation Highlights Inflation rate increased from 3.35% YoY (FY15) to 3.07% () Rupiah strengthened from 13,795 (FY15) to closing at 12,998 () CPO prices (CIF Rotterdam)
More informationTanah Makmur Berhad NOT RATED. Good Value in Flourishing Planter. IPO Note. Target Price: RM1.60 By Alan Lim Seong Chun, CFA /
Tanah Makmur Berhad NOT RATED Price: RM1.25 Good Value in Flourishing Planter Target Price: RM1.60 By Alan Lim Seong Chun, CFA / alan.lim@kenanga.com.my Tanah Makmur Berhad (TMB) is a Pahang-based company
More informationGrowing Value Driving Sustainability
Global Palm Resources Holdings Limited 1Q2018 Results May 2018 Growing Value Driving Sustainability 1 Disclaimer This presentation has been prepared by Global Palm Resources Holdings Limited ( Company
More information41 st ANNUAL GENERAL MEETING Presentation to Shareholders. 20 May 2015
41 st ANNUAL GENERAL MEETING Presentation to Shareholders 20 May 2015 1 TH Plantations Berhad Today Revenue RM488.92m PATAMI RM48.32m Profit Before Tax RM58.21m Market Cap RM1.50b 106,309 Ha of land bank
More informationCompany Presentation 1Q 2013 Results 29 April Company Presentation 4Q and FY 2012 Results. 27 Feb 2013
Company Presentation 1Q 2013 Results 29 April 2013 Company Presentation 4Q and FY 2012 Results 27 Feb 2013 Presentation Outline 1 Plantation Highlights 2 Financial Highlights Click to edit Master title
More informationBumitama Agri Ltd. Excellence Through Discipline. Full Year & Fourth Quarter 2013 Presentation 28 February 2014, Singapore
Bumitama Agri Ltd. Excellence Through Discipline Full Year & Fourth Quarter 2013 Presentation 28 February 2014, Singapore 1 Disclaimer This presentation should be read in conjunction with the financial
More informationWILMAR INTERNATIONAL LIMITED 4Q2016 Results Briefing. Feb 20, 2017
WILMAR INTERNATIONAL LIMITED 4Q2016 Results Briefing Feb 20, 2017 IMPORTANT NOTICE Information in this presentation may contain projections and forward looking statements that reflect the Company s current
More informationBumitama Agri Ltd. Excellence Through Discipline. First Half 2013 ( 6M2013 ) Presentation 12 August 2013, Singapore
Bumitama Agri Ltd. Excellence Through Discipline First Half 2013 ( 6M2013 ) Presentation 12 August 2013, Singapore 1 Disclaimer This presentation should be read in conjunction with the financial statements
More informationKPJ Healthcare. Company Update. A Fresh Start BUY. MALAYSIA EQUITY Investment Research Daily News
PP10551/10/2010(025682) 07 January 2010 Norfauzi Nasron +60 (3) 9207 7644 analyst.name@osk.com.my Company Update KPJ Healthcare MALAYSIA EQUITY Investment Research Daily News BUY Target Previous Price
More informationKPJ Healthcare Berhad Moving on cautiously into FY16
14 January 2016 Corporate Update KPJ Healthcare Berhad Moving on cautiously into FY16 INVESTMENT HIGHLIGHTS Cautious outlook for FY16 Expansion plan to resume Overseas operation to remain subdued in FY16
More informationFirst Quarter Report 2017
First Quarter Report 2017 UNITED PLANTATIONS BERHAD (Company no. 240-A) Jendarata Estate 36009 Teluk Intan Darul Ridzuan Malaysia Condensed Consolidated Statement Of Comprehensive Income for the Three
More informationKencana Agri Limited. 3Q FY2010 Performance Review
Kencana Agri Limited 3Q FY2010 Performance Review 1 Disclaimer This document has not been independently verified and has been prepared for informational purposes only. No representation or warranty express
More informationFELDA GLOBAL VENTURES HOLDINGS BERHAD Financial Results Briefing 3 rd Quarter for the Financial Period Ended 30 Sep 2017
FELDA GLOBAL VENTURES HOLDINGS BERHAD Financial Results Briefing 3 rd Quarter for the Financial Period Ended 30 Sep 20 Presentation by: Dato Zakaria Arshad, Group President / Chief Executive Officer Ahmad
More informationMarket Access. Briefing Notes. M&A Securities. BIMB Holdings Bhd BUY (TP:RM4.60) Shifting into High Gears
M&A Securities Briefing Notes PP14767/09/2012(030761) BIMB Holdings Bhd BUY (TP:RM4.60) Monday, October 12, 2015 Shifting into High Gears We attended post-1h15 results briefing organized by BIMB Holdings
More informationMarket Access. M&A Securities. Results Review 1Q15. BIMB Holdings Bhd BUY (TP:RM4.84) Brilliant Beginning. Results Review
M&A Securities Results Review 1Q15 PP14767/09/2012(030761) BIMB Holdings Bhd BUY (TP:RM4.84) Wednesday, May 27, 2015 Brilliant Beginning Results Review Actual vs. expectation. BIMB Holdings Berhad (BIMB)
More informationFirst Resources Limited
First Resources Limited Annual General Meeting 22 April 2013 Delivering Growth and Returns Table of Contents Group Overview 3 2012 Financial and Operational Highlights 7 Group Updates 12 Appendix - Supplemental
More informationFIRST RESOURCES LIMITED (REG. NO M)
FIRST RESOURCES LIMITED (REG. NO. 200415931M) Unaudited Financial Statements for the Fourth Quarter and Full Year Ended 31 December 2009 PART I - INFORMATION REQUIRED FOR ANNOUNCEMENTS OF QUARTERLY (Q1,
More informationMarket Access. M&A Securities. Results Review 1Q15. Malayan Banking Bhd BUY (TP: RM10.70) Stabilizing Period. Results Review
M&A Securities Results Review 1Q15 PP14767/09/2012(030761) Malayan Banking Bhd BUY (TP: RM10.70) Friday, May 29, 2015 Stabilizing Period Results Review Actual vs. expectation. Malayan Banking Berhad (Maybank)
More informationLondon Sumatra(LSIP IJ)
Equity Research Company Update Monday,30 July 2018 BUY Maintain Last price (IDR) 1,000 Target Price (IDR) 1,150 Upside/Downside +15.0% Previous Target Price (IDR) 1,300 Stock Statistics Sector Bloomberg
More informationHOCK SENG LEE BUY. Results below expectations; more job newsflow expected in 2H. Company report. (Maintained) Rationale for report: Company result
Company report AmResearch Sdn Bhd www.amesecurities.com.my 603 2036 2300 CONSTRUCTION HOCK SENG LEE (HSL MK, HSLB.KL) 23 May 2012 Results below expectations; more job newsflow expected in 2H Rationale
More informationCompany Result 23 November 2017 Kuala Lumpur Kepong Buoyed by Plantation Segment
MALAYSIA INVESTMENT RESEARCH REPORT JF APEX SECURITIES BERHAD (47680-X) Company Result 23 November 2017 Kuala Lumpur Kepong Buoyed by Plantation Segment HOLD Maintained Share Price Target Price RM24.50
More informationGenting Plantations. Company Guide
Version 9 Bloomberg: GENP MK Reuters: GENP.KL Refer to important disclosures at the end of this report Malaysia Equity Research 24 Nov 2016 BUY (Upgraded from HOLD) Last Traded Price ( 23 Nov 2016): RM10.52
More informationEPS (sen) (22.9) 17.4 P/E (x) NM 12.5 DPS (sen) NTA/share (RM) Issued capital (mil) week price range (RM)
2QFY13 Results Update 2 September 2013 Muhibbah Engineering (M) Bhd Results above expectations on annualized basis New Petronas licence opens up O&G opportunities Order-book of RM2b to underpin earnings
More informationagainst last (Effective tax rate)
CONDENSED CONSOLIDATED INCOME STATEMENTS FOR THE PERIOD ENDED 30.6.2018 (UNAUDITED) Table 1: Financial review for current quarter and financial year to date INDIVIDUAL QUARTER CUMULATIVE QUARTERS CURRENT
More informationFirst Resources Limited
First Resources Limited Full Year and Fourth Quarter 2010 Results Presentation 1 March 2011 Singapore Delivering Growth and Returns Executive Summary Financials Significant EBITDA Growth as Group Benefits
More informationAnnual Report 2015 i
i COVER RATIONALE The two arrows represent the synergy between two core businesses of TDM, Plantation and Healthcare in moving forward and overcoming tough economic challenges. TDM through its 50 years
More informationSime Darby SIME MK Sector: Plantation
A good end to the year Sime Darby s (SIME) FY17 core net profit of RM2.69bn (+1.4% yoy) came in above expectations. The variance was mainly due to higherthan-expected contribution from the plantation and
More informationCorporate Presentation 2Q17 Corporate Update & Financial Results 22 March 2017
(Company No.: 7867-P) Corporate Presentation 2Q17 Corporate Update & Financial Results 22 March 2017 Powered by Twin Engines IR Adviser Powered by Twin Engines CONTENTS Operations Review & Growth Plans
More informationEquity Research PT Eagle High Plantations Tbk
27-May-16 27-Jun-16 27-Jul-16 27-Aug-16 27-Sep-16 27-Oct-16 27-Nov-16 27-Dec-16 27-Jan-17 27-Feb-17 27-Mar-17 27-Apr-17 Equity Research PT Eagle High Plantations Tbk 3 May 217 Plantation, Equity Price
More informationDemerger Is a Smart Move? HOLD. Last Traded: RM9.01 C O M P A N Y U P D A T E
C O M P A N Y U P D A T E Friday, September 29, 2017 FBMKLCI: 1,758.06 Sector: Plantation THIS REPORT IS STRICTLY FOR INTERNAL CIRCULATION ONLY* Sime Darby Berhad TP: RM9.80 (+8.8%) Demerger Is a Smart
More informationPetronas Chemicals Group Berhad
22 May 2018 1QFY18 Results Review Petronas Chemicals Group Berhad Strong PUR and sales volume growth INVESTMENT HIGHLIGHTS Petronas Chemicals Group Bhd s (PChem) 1QFY18 earnings expanded by +6%qoq to RM1.1b
More informationIHH Healthcare Berhad TP: RM6.65 (+10.8%) 1QFY17 Weighed by Pre-operating & Start-up Costs
A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 RESULTS UPDATE Monday, May 22, 2017 FBM KLCI: 1,768.28 Sector: Healthcare
More informationIOI Corporation. Company Guide
Version 9 Bloomberg: IOI MK Reuters: IOIB.KL Refer to important disclosures at the end of this report AllianceDBS Research, Malaysia Equity 13 Mar 2018 HOLD Last Traded Price ( 12 Mar 2018): RM4.85 (KLCI
More informationPRESTARIANG. (PRES MK EQUITY, PSTG.KL) 23 May UniMy closer to breakeven. Rationale for report: Company result Investment Highlights
Price Fair Value 52-week High/Low Key Changes Fair value EPS Company report Lavis Chong RM2.35 RM2.60 RM2.53/RM1.69 PRESTARIANG TECHNOLOGY (PRES MK EQUITY, PSTG.KL) 23 May 2017 UniMy closer to breakeven
More informationCorporate Presentation 4Q17 Corporate Update & Financial Results 19 September 2017
(Company No.: 7867-P) Corporate Presentation 4Q17 Corporate Update & Financial Results 19 September 2017 Powered by Twin Engines IR Adviser OPERATIONS REVIEW & GROWTH PLANS Powered by Twin Engines Newly
More informationMaintained. Company Result 21 February 2017 IOI Corporation. Bolstered by resource-based manufacturing segment. Result. Comment
MALAYSIA INVESTMENT RESEARCH REPORT KDN PP13226/04/2014 (032022) JF APEX SECURITIES BERHAD (47680-X) Company Result 21 February 2017 IOI Corporation Bolstered by resource-based manufacturing segment HOLD
More informationGENTING PLANTATIONS REPORTS FIRST HALF 2017 FINANCIAL RESULTS
PRESS RELEASE For Immediate Release GENTING PLANTATIONS REPORTS FIRST HALF 2017 FINANCIAL RESULTS KUALA LUMPUR, Aug 23 Genting Plantations Berhad today reported its financial results for the first half
More informationDancomech Holdings Berhad Expansion to Cater for RAPID and East Malaysia. Fair Value: RM0.78 Main Market Listing. Not Rated
A Member of the TA Group MENARA TA ONE, 22 JALAN P. RAMLEE, 50250 KUALA LUMPUR, MALAYSIA TEL: +603-20721277 / FAX: +603-20325048 IPO Monday, July 04, 2016 FBM KLCI: 1,646.22 Sector: Plantation Dancomech
More informationM&A Research. Company Update. M&A Securities. KPJ Healthcare Bhd. Patient Volume Sets To Pick Up. Thursday, May 05, 2016 HOLD (TP: RM4.
M&A Research M&A Securities Company Update PP14767/09/2012(030761) Thursday, May 05, 2016 KPJ Healthcare Bhd HOLD (TP: RM4.27) Patient Volume Sets To Pick Up There have been a number of new developments
More informationMalaysia Resources Corporation Bhd
24 February 2015 4QFY14 Results Review Malaysia Resources Corporation Bhd Well positioned to regain its upward earnings trajectory Reaffirm BUY Adjusted Target Price (TP): RM2.24 (previously RM2.59) INVESTMENT
More information