Trends analysis showed sudden outflow funds from the stock due to major sell down yesterday, but bankers ratio only dropped slightly down below 75%. It confirmed strong buying support from bankers, so any weakness represent a good entry point for accumulation. Long term wise, this stock is still on the uptrend.
Malaysia AC leader sales normalizing, it is a fact. If the AC sales missing target, the insulation for the AC units will normalize. When I mention leader, I am referring to Group Associate / Daikin.
look for Asia / Ocenia segment report , there is no direct figure from Malaysia but at least you will get a rough indication ahead.
"In residential use, we experienced a reversal from the sharp increase in demand from the previous year in Vietnam, Thailand, Indonesia, and Malaysia, and sales significantly decreased"
@Teh...this is how thing suppose to be stated if you are genuine to warn without getting into trouble. not direct sunlight but reflection sunlight using mirror.
sometime, you will be crucifies for what you think is a good signal. ppl just want to hear thing good side of the story.
Daikin is the top seller air conditioning brand in Malaysia, their significant decrease of sales indirectly shows the decrease of insulation consumption.
this is the deduction on the AC / insulation market.
AC sales highly related to the property sector especially housing / residential. The sales of housing have been slowing down ever since BNM imposed curbing on the DIBS at 2014, there have been a thematic play on property before the curbing.
The above statement sound not so correct right ? How can AC sales related to property when AC/insulation have been recorded a superb results from 2014 to recent year 2017?
Here is the catch in my opinion. When do you install your AC unit during the construction stage ? Normally after the key handed over or it is normally installed at the end stage of the construction cycle if you are offered the units in SPA.
landed unit construction period = 24 months, + 6 month delays mix development / service apartment construction period = 36-48 months, + 6 months delays
The good sales reported for AC/insulation market since 2014 till now have been on sales of good days for property sector before 2014 curbing.
Moving forward AC / insulation will normalize in my opinion because the sales is lagging property sector by 24-36 months approximately.
AC sales was at peak level during 2016, if u do involve in the industry, u would found that those home appliances seller shouting promotion all the time, but ppl don't have purchase power... I believed superlon Q2 will be better than Q1, but Q3 & Q4 will be worst...
ah.....we got a ppl from industry here. Hello Mr.AC @ Mr.Berkshire....
last year bonuses must be very fat, how many years of bonuses you get? not any normal ppl can get the feel on the sales figure. Not a simple man you are, for you to know that the figure peak at 2016.
are you from the manufacturing ? or sales & marketing?
From my research on superlon, 80% of its business come from oversea. That will mean its business is not only from air con insulation, it comprises of heating element insulation as well .
Thus, malaysia aircond sales is not a good indicator to gauge superlon business .
Asia ( excluding Malaysia ) = RM 59.9 mil @ 66.55% Malaysia = RM 20.2 mil @ 22.35%
Out of total RM 90.4 mil. 88% is from Asia & Malaysia.
Malaysia AC sales not good indicator but the combined sales from "Vietnam, Thailand, Indonesia, and Malaysia " as per Daikin Inc Japan segment report performance review
Yes, it might not be 100% apple to apple but it is rough indication what to expect ahead.
In fact, Superlon's latest Quarter
B3. COMMENTARY ON PROSPECTS
Barring any unforeseen circumstances and based on the present trend of demand, the Board expects the Group to achieve satisfactory results for the financial year ending 30 April 2018. On the back of encouraging demand, Superlon is looking to expand its capacity by setting up a new factory in Vietnam (“Factory 4”). The company plans to invest approximately USD 4 million for the expansion plans and is targeting for Factory 4 to commence production in the FY2019. The new factory would enable Superlon to strengthen its presence and support its customers in Vietnam and neighbouring countries.
"Vietnam & neighboring countries", if you are expecting export to China I think that have a very slim %.
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....
zoomsbooms
783 posts
Posted by zoomsbooms > 2017-08-10 16:50 | Report Abuse
superlon showing a very tough resistance although market this week is not very good