The revenue for the current quarter under review of RM51.909 million was higher than the immediate preceding quarter’s revenue of RM44.010 million. This was mainly contributed by increase in local sales and overseas sales. The current quarter’s profit before tax of RM26.321 million was higher as compared to the immediate preceding quarter’s profit before tax of RM7.800 million, which was in line with the increase in revenue, share of profit, coupled with the increase in foreign exchange gain.
for a cash cow like Zhulian with 103.459M cash on hand (that is 22.5sen/share of cash!)... and zero debt... dividend yield at 4.6% (could be higher as Zhulian normally pay more dividend when earning improves.. they used to pay 12sen dividend a year when they were doing really good in the past)... and more importantly, the recovery + growth:
- We also expect 2017 sales will be mainly driven by the export sales. (strong USD is good) - The Group will continue to improve the effectiveness of R&D in developing various niche products, introducing more promotional campaigns and improving the quality of our consumer service. In FY 2017, the Group has planned to develop and launch new products in both local and overseas markets to enhance its market share. - We will capitalise on the strong positioning of the Group in Thailand and Myanmar for further market expansion into other Indochina countries. Currently, we are at the final stage of company incorporation process in Laos and Cambodia whereby both of the companies will be under the control of Zhulian (Thailand) Ltd. ---- expansion into Laos and Cambodia huge market where MLM is still not saturated like Malaysia...
read my posting on 22/09/16, i sold Haio as it is overvalued and roi on dividend is no more attractive., so i put all the money in Zhulian. as haio gone sky high, once i thought i made mistake swapping to Zhulian, now it look like i did the right thing..Huat huat huat ar
Yippy68, a very good decision made by you... Zhulian is definitely on its recovery mode. Although we are not sure if it can repeat its best days back in 2012-2013, but i think they will definitely do better and better... the expansion to Laos and Cambodia also looks promising...
Someone make fast money as he bought low last year . The price rally too fast gave him good oppotunity to take good profit. This is share market, no one should fall in love with just one counter....see profit take profit, it look to me the market may be not so stable . And watch out for big rally before a big crash...I have experianced 6 big falls, good to remind some of you. Keep cash for that day when KLSE is below 1000. It may go another 10 % but the fall can be 40% or more. I am pessimistic ...as a businessman, I realized soon people has no money to play share if this type of economic environment continued. My 2 cents..trade at your own risk.
newbie92, not just thai division is improving, they are also expanding into Laos and Cambodia... the future potential is huge to me.. just invest in it now before it is too late...
This stock earning seems reversal significantly fm plummeting reason qtr. It has positive earnings and cash flows. Further, she is paying good dividends with yld of 4% +. I conclude therefore is a good stock.
R40s, great to see you again here after the Prlexus forum... r u still holding your Prlexus? I am still holding tight though i am not making much paper gain now... i think its share price is still much undervalued though the recently announced result was not within expectation.. i believe their growth is still always there...
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Dolly_Chai
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Posted by Dolly_Chai > 2017-01-26 09:16 | Report Abuse
read this from the latest QR:
The revenue for the current quarter under review of RM51.909 million was higher than the immediate
preceding quarter’s revenue of RM44.010 million. This was mainly contributed by increase in local sales
and overseas sales.
The current quarter’s profit before tax of RM26.321 million was higher as compared to the immediate
preceding quarter’s profit before tax of RM7.800 million, which was in line with the increase in revenue,
share of profit, coupled with the increase in foreign exchange gain.