Investment Highlights (AM RESEARCH) • We reaffirm our BUY recommendation on Bonia Corporation (BON) with a higher fair value of RM6.20/share (vs. RM5.40/share previously) as we roll forward our valuation base year to CY15F. This is pegged to a PE multiple of 15x over its CY15F earnings. • Excluding the one-off items, BON delivered a 3QFY14 core net profit of RM15mil, bringing 9MFY14 core net profit to RM48mil. • The results are within our and consensus’ estimates, accounting for 76% and 78%, respectively. • 3QFY14’s same-store-sales growth (SSSG) remained healthy – Malaysia (+6%), Singapore (-3%), Indonesia (+56%), boutique (+6%), and counter (+6%). • On a 9M basis, core earnings rose by 33% YoY on the back of higher sales generated (+10% YoY). • Furthermore, this was also attributed to better control of operating expenses resulting from a less aggressive expansion overseas. For this financial year, 3 and 2 boutiques were opened in Indonesia and Vietnam, respectively, compared to 4 and 10 that were opened in the same two countries in 9MFY13. • BON’s aggressive expansion into Indonesia and Vietnam showed improvement - contributing 11% and 9% to revenue, respectively. Malaysia continues to be the revenue driver, at 65%, followed by Singapore at 27%.
results very good...Aiya rdy say so many times.. share price does not reflect company performance. Now ready damn low.which is good. Cause It has so much more uptrend to happen. Creador where got sell eventhough like yoyo for the past 1 month, go up 5.60 come down 4.90 now around 5.10. Just hold and watch and wait...will go up slowly esp if another fund buys it
Reference is made to the Company’s announcements dated 25 April 2014 and 23 May 2014 in relation to the Proposals (“Announcements”).
Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the Announcements.
On behalf of the Board of Directors of Bonia, AmInvestment Bank Berhad wishes to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had vide their letter dated 30 May 2014 (which was received on 2 June 2014) approved the following:-
(i) listing and quotation of up to 201,571,850 Bonus Shares to be issued pursuant to the Proposed Bonus Issue; and
(ii) Proposed Share Split.
The approval granted by Bursa Securities for the Proposals is subject to, amongst others, the following condition:-
(i) Shareholders' approval for the Proposed Bonus Issue, Proposed Share Split and Proposed M&A Amendment.
Bonia Corp (BON MK) Technical BUY with +15.3% potential return Last price : RM5.23 Target Price : RM5.70, RM6.03 Support : RM4.95 Stop-loss: RM4.88 BUY with a target price of RM6.03 with stop loss placed below RM4.88. BON’s share price has gradually recovered from the correction from the recent high of RM5.70 as the share price has rebounded off the “cloud” and the rising trendline. Both 10-day and 21-day SMA lines are on the verge of forming a bullish crossover which suggests an upward continuation hereafter, supported by a surge in positive momentum as shown by a bullish crossover in Stochastic. Moving forward, a positive follow-through will ensure a further rise in share price as we expect it to retest the previous high of RM5.70 in the near term. We peg our medium-term target at the 1.38x Fibonacci extension level of RM6.03.
Johnny Cash stop spamming your chit..We can find that ourselves, don't need you to annoy us with that copy paste chit. You may leave this counter and stop your nuisance cause an alpha guy like me hates annoying beta pests like you. Tata
Very good news..See their history..last time they had split it kept huating for a while. I think 15-20% upside after the split in the next 1-2 months (just my 2 cents prediction)
People don't call me alpha for no reason, I held Uzma since Rm4 now u see Uzma how high..likewise I also am a huge fanboy of Bonia because I love the biz, management and performance. I have met the management once during a briefing and all I can say is Bonia has not reached its peak yet. We're talking another few years when maybe it will hit Rm9-10 (pre-split). This year conservatively Bonia should end around Rm6.50 pre-split. so another 20+ % upside. Just buy now and top up, trust me man I don't lie Bonia sure huat de
alpha, no offense. shares market are base on face, data, analysis. Not just by blind trust. take note, Im not saying that bonia will fall or what. I holding quite some number. Cheer!
I also have quite a lot..almost 150 lots..coming liao...Of course la cc..I am an ibanker I prob know a lot more about the company and how much we can huat in the future than you because I actually attended the briefing lol. That's why I share here, because unlike most of you small flies here I don't buy on rumors or guess, what I invest in will MOST DEFINITELY HUAT!! Not need to siao sui and put technical terms and project financial PATs here most of the people in this forums are normal people, some quite stupid anyway. Just simply stated, buy now and you will huat, just buy TQ.
Means it will become half. For example: 5.58\2 = 2.8. Bonia may gv bonus issue + split. So it may become 5.58\4= 1.4 If u buy 1000 shares, then now u may hv 2000 shares wif par value 0.25 each. Which means if u buy 1 then u get 4.
In addition to its flagship fashion label, BONIA, the Group is also behind successful brands such as Sembonia and Carlo Rino, and holds the license to distribute international labels such as Santa Barbara,Polo and Racquet Club, Austin Reed, Valentino Rudy, Jeep, Savile Row and Renoma
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....
excelyou
1,255 posts
Posted by excelyou > 2014-05-29 10:47 | Report Abuse
Investment Highlights (AM RESEARCH)
• We reaffirm our BUY recommendation on Bonia
Corporation (BON) with a higher fair value of RM6.20/share
(vs. RM5.40/share previously) as we roll forward our
valuation base year to CY15F. This is pegged to a PE
multiple of 15x over its CY15F earnings.
• Excluding the one-off items, BON delivered a 3QFY14 core
net profit of RM15mil, bringing 9MFY14 core net profit to
RM48mil.
• The results are within our and consensus’ estimates,
accounting for 76% and 78%, respectively.
• 3QFY14’s same-store-sales growth (SSSG) remained
healthy – Malaysia (+6%), Singapore (-3%), Indonesia
(+56%), boutique (+6%), and counter (+6%).
• On a 9M basis, core earnings rose by 33% YoY on the back
of higher sales generated (+10% YoY).
• Furthermore, this was also attributed to better control of
operating expenses resulting from a less aggressive
expansion overseas. For this financial year, 3 and 2
boutiques were opened in Indonesia and Vietnam,
respectively, compared to 4 and 10 that were opened in the
same two countries in 9MFY13.
• BON’s aggressive expansion into Indonesia and Vietnam
showed improvement - contributing 11% and 9% to
revenue, respectively. Malaysia continues to be the
revenue driver, at 65%, followed by Singapore at 27%.