28 September 2014

A Short Discussion with Brother on Bloomberg Summary for the Counter - September 2014

I had a short discussion with brother on Bloomberg mobile app today morning, as he was quite interested to learn about the shares investment. If you are not aware of, Bloomberg came out mobile app that you can download it from Play Store / App Store for free. So we went to Watch list >> Counters >> Financial Summary section. I explained to him about the 3 items there:

  1. Income Statement
  2. Balance Sheet
  3. Cash Flow Statement

22 September 2014

RTS Station to be Located at Bukit Chagar - September 2014

Malaysia Government had recently confirmed that RTS (Rapid Transit System) will be ended at Bukit Chagar, Johor Bahru which you could find from the map that  I abstracted from Google Map below. 

A: Bukit Chagar Location
This is the latest news on the RTS / BRT / MRT that connect Johor Bahru to Woodlands North Station (Thompson Line) targeted to be completed on year 2019 / 2020. With the time left less than 5 years, I believe that the projected completion date of 2018 maybe a bit rush to both governments.

15 September 2014

Vibrant 2015Q1 Result Summary - September 2014

Company Background

Vibrant is a holding company that mainly focus on logistic business with 3 other interrelated division - Finance Service, Property Development and Property Management. It is also the main sponsor of Sabana REIT, the first Shariah Compliance REIT listed in Singapore. 

Since listed in SGX, the dividend payment increased every year. The latest full year dividend was 0.55 cents or about 5% dividend yield based on current dividend yield. 

Popular 2015Q1 Result Summary - September 2014

Popular holdings reported a decent quarterly report this month. The revenue increase 6% to S$141 Million compared to corresponding period last year, with Profit attributable to owners of the company increased to 77% to S$9.4 Million from S$5.3 Million last year. The improvement is mainly due to the higher turnover achieved by the Retail and Distribution and Publishing and e-Learning Divisions offset by no revenue from property division. 

The net profit margin was improved to 7% from 4% previous corresponding quarter, with annualized PE 5.19X and annualized PB 0.86X, I think it will gain more public awareness from investors once the net profit margin can be improved again. 

10 September 2014

Neo Group 1H15 Result Summary - September 2014

Neo Group reported an increase of 21% in first half year 2015 revenue compared to corresponding period last year, despite the drop of net profit of 9.1% compared to the same period last year (Net profit margin dropped to 9% from 12%). The main reasons due mainly to increase in depreciation expenses, advertising expenses for restaurant related businesses as well as operating lease expenses due to the expansion of the business operation.

According to the group, they are in transition to double up their capacity in operation. The new centralized kitchen is targeted to be completed by October 2014 which I believe it will improve the gross profit margin as well as net profit margin in second half year 2015 result. I am quite surprised that the group also engage in online florist business although it is somewhat indirectly linked to existing catering business.

01 September 2014

Dukang FY14 Result Summary - September 2014

Dukang released its unaudited fully year 2014 report. The sales dropped by 40% to RMB 1,451 Million from RMB 2,406 Million a year ago. Net Profit dropped by 89% to RMB 44 Million from RMB 390 Million a year ago. It is mainly due to the decrease in gross profit margin to 36% from 41% previous year as well as the decrease in revenue. The company highlighted that decrease in revenue from both Luoyang Dukang and Siwu operations, as a result of China’s current austerity measures on luxury gifts and spending

Balance Sheet wise, Dukang registered an increase of almost 100% in inventory level to RMB 689 Million from RMB 343 Million, mainly due to the bulk purchase of good quality grain alcohol at a competitive price. The Cash level dropped to RMB 392 Million from RMB 758 Million a year ago. Nonetheless, the group maintain a healthy debt level by having total liabilities to total asset ratio of around 21%. The total equity to shareholders increased by about 2% RMB 1,999 Million. 
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