New factory warehouse for F&B segment has been fully constructed but pending for certificate of completion and compliance issued by the local authority. However, there is some delay in the construction of the factory building of the joint venture in Mexico, expected time of completion will be by 3rd quarter of 2019.
"With the completion of the subsidiary’s associate company, Able Dairies Mexico in 2019. We expects REVENUE GROWTH from sales in American Continent and surrounding regions. The Group sees positive inroad in penetrating the new foreign markets via trade shows as well as through other traders and distributors."
"The Board believes that the overall prospects and future financial performance of the Group is expected to be favourable in the mid-term"
The Tin Cans and F&B segments increases its capital expenditure for the current financial year as compared to previous financial year by investing in new machineries. With the new machineries, the increase in production capacity will help to cope with the demands and potential increase in sales. New factory warehouse for F&B segment has been fully constructed but pending for certificate of completion and compliance issued by the local authority. However, there is some delay in the construction of the factory building of the joint venture in Mexico, expected time of completion will be by 3rd quarter of 2019.
FORWARD-LOOKING STATEMENTS The Group is of the view that the businesses will grow steadily in the near future amidst the volatility of raw material prices and the global economic uncertainties. For Tin Cans segment, demand is expected to grow marginally in this matured and stable industry but will remain challenging in the short-term. The raw material price is expected on the upward trend and this will put additional pressure on the profit margin. On the other hand, the demand for F&B segment remains strong although the market remains highly competitive. The continued volatility of dairy products prices and the higher priced local sugar compared to international prices creates a challenging environment especially for sweetened condensed milk export from Malaysia. However, the Group believes that this business segment will still be able to sustain its profitability.
Did anyone know what is the impact of the skim milk powder price to johotin? Because it been increase quite a lot since dec 2018. Next coming results may not be good? Or they can past Dowb the cost to consumer ??
No one will know except mgt. Unless you have relatives working inside as accountant etc. I believe they will slowly pass on the rising cost to end consumer.its durable goods, inelastic demand
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
origamiandair
607 posts
Posted by origamiandair > 2019-04-26 14:32 | Report Abuse
Crossed 1.59. This might be it!