Posted by Justice Bao > 2017-09-07 20:23 | Report Abuse

Bonia high profit margin. Worthy of investment.

Posted by calvintaneng > 2017-09-08 02:26 | Report Abuse

Bonia?

YESSS!

BONUS!!!

The 2nd Padini

ALL HAPPY NOW!!

Posted by posby > 2017-09-10 15:58 | Report Abuse

http://www.thestar.com.my/business/business-news/2017/09/09/bonia-shows-signs-of-improvement

Posted by Seek > 2017-09-10 20:00 | Report Abuse

Good one, Calvin. The continuous buy in by the major shareholders was a good indicator of a safe buy!

Posted by 3iii > 2017-09-11 09:37 | Report Abuse

Major shareholders bought significant amounts of shares below 58 sen.

This company is generating good cash flow yields.

Has shown increasing profits over the last 3 quarters.

Management has focus on the bottom line, chopping off the loss making and less profitable entities.

Posted by calvintaneng > 2017-09-11 14:28 | Report Abuse

bonia = bagus nia

Posted by posby > 2017-09-11 15:58 | Report Abuse

buy @ director price..no worries.....haha....gogogo...0.75 in the making..

Posted by Erie > 2017-09-11 16:38 | Report Abuse

Tmrw continue up until reach .75..nice

Posted by BigPro > 2017-09-12 17:29 | Report Abuse

Nice closing.... will continue up trend.

Posted by bichrome84 > 2017-09-12 23:53 | Report Abuse

Tp 1.00

Posted by BigPro > 2017-09-13 12:23 | Report Abuse

Profit taking... It will go up.. Buy when it still low...

Posted by Hk Wong > 2017-09-13 16:15 | Report Abuse

i think with the creador in Bonia, shall be good

Posted by apolloang > 2017-09-19 16:58 | Report Abuse

aiya still 63cts....tell me when is 55cts I will buy

Posted by SmartyAlek > 2017-09-26 13:05 | Report Abuse

someome is collecting

Posted by Hk Wong > 2017-10-02 16:10 | Report Abuse

Bonia starting to look attractive
Esther Lee
/
The Edge Malaysia

September 27, 2017 15:00 pm MYT

This article first appeared in The Edge Malaysia Weekly, on September 18, 2017 - September 24, 2017.
-A+A
SHARES in Bonia Corp Bhd rose with renewed vigour after the fashion retailer reported better-than-expected fourth-quarter results on Aug 30. Between then and Sept 12, the stock rose 17.7% to 66.5 sen.

Bonia’s net profit for the fourth quarter ended June 30 doubled to RM7.68 million from the previous corresponding period, which saw the group close FY2017 with a year-on-year earnings growth of 30.2% to RM31.73 million.

The group attributed its improved bottom line to the higher gross profit margin it achieved during the year, thanks to its continuous effort to control operating costs.

This was despite revenue slipping 4% year on year to RM153.39 million as the group consolidated its non-performing outlets and consignment counters.

The marked improvement in its net profit prompted AmInvestment Bank Research and CIMB Investment Bank Research to upgrade their recommendation on the stock to “buy” from “hold”. Affin Hwang Investment Bank Research maintained its “hold” call on the counter.

As Bonia turns the corner, its stock could start looking attractive to investors, given its comparatively cheaper valuations.

At 64 sen last Thursday, Bonia was trading at a trailing 12-month price-earnings ratio of 16.28 times — below that of its peers Padini Holdings Bhd (19.02 times), Hai-O Enterprise Bhd (27.35 times) and AEON Co. (M) Bhd (36.2 times). Parkson Holdings Bhd is loss-making.

The fashion retailer has been through some difficult times in recent years with the ringgit weakening against the US dollar and driving up the cost of goods, and the implementation of the Goods and Services Tax hurting consumer sentiment.

However, a change in strategy this year and less volatile foreign exchange rates seem to have helped Bonia regain its footing.

The company has been consolidating its operations by shutting down non-performing stores and consignment counters. AmInvestment estimates that Bonia has closed 22% of its consignment counters, leaving only 984 counters open as at 4QFY2017.

Also, instead of offering bigger discounts to drive sales as it did in the previous financial year, Bonia has been adjusting its pricing strategy by introducing higher-margin products and reducing the discounts, especially for its upmarket brands Bonia and Braun Büffel.

AmInvestment highlights in a research note that the company’s gross margin for FY2017 improved by 3.5 percentage points to 58.6% on the back of higher average selling prices (ASPs).

“Recall that margins contracted to a multi-year low in FY2016 (55%) from an average of 61%, off the back of higher US dollar-led input costs. Given the stability of foreign exchange rates, there may be an upside for margins should management raise ASPs further in FY2018.

“Apart from that, we expect the cost-savings associated with the closure of 22% of its consignment stores to trickle down to its earnings before interest and taxes (Ebit) margins going into FY2018,” says the research house.

CIMB opines that the better earnings are also a result of better cost control and lower advertising and promotional expenses during the year.

The research house says the highlight of FY2017 is the growth of Bonia’s Indonesian business, which it believes is becoming a significant contributor to the group’s sales and earnings.

According to Bonia’s 2016 annual report, Indonesia contributed 2.9% to the group’s revenue in FY2016. CIMB estimates this to have grown to 6.3% in FY2017. “This is mostly because of the opening of additional Braun Büffel boutiques and 23 counters in Indonesia in September last year,” it says.

While analysts appear optimistic about Bonia’s prospects going forward, the group is a bit more conservative. In its 4QFY2017 results announcement, the group says it expects prospects to remain challenging going forward, given the uncertain economic outlook.

“With the continued increase in imported merchandise cost due to the weakened ringgit, the group will continue to monitor its operating cost and cautiously adjust its selling price to cope with the rising cost of operation.”

Bonia adds that it will also continue to consolidate its business by closing down non-performing outlets and strive to improve its gross margins. At the same time, it plans to develop and strengthen its markets in Indonesia, Vietnam and some of the Middle Eastern countries.

Though the group remains cautious, there is some good news for it.

The Consumer Sentiments Index inched up to 80.7 points in 2Q2017, rising for the third consecutive quarter, although it is still below the 100-point threshold.

At the same time, July’s Volume Index of Wholesale and Retail Trade — a key indicator of real private consumption — maintained its double-digit pace, growing 12.9% year on year for the fourth straight month, according

Posted by SmartyAlek > 2017-10-03 12:17 | Report Abuse

next stop 66c

Posted by SmartyAlek > 2017-10-03 12:19 | Report Abuse

got buy got hope

Posted by SmartyAlek > 2017-10-03 13:21 | Report Abuse

try to buy till 66c today

Posted by Seek > 2017-10-03 15:35 | Report Abuse

Wow, another Calvin pick?

Posted by BigPro > 2017-10-03 17:24 | Report Abuse

nice closing,,,

Posted by calvintaneng > 2017-10-03 19:29 | Report Abuse

VERY GOOD!!

Posted by michaelgoh > 2017-10-04 13:14 | Report Abuse

Still flying , good news coming?

Posted by getonwithit > 2017-10-04 13:31 | Report Abuse

Dividend announcement due soon right? 1 sen or something like that usually

Posted by ksng0307 > 2017-10-04 15:18 | Report Abuse

cup with handle, sure fly

Posted by BigPro > 2017-10-12 18:48 | Report Abuse

Dividen announcement
http://mobapp-plain.klsescreener.com/v2/announcements/bursa_announcement?directUrl=http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2797393

Posted by Tze Xin Tze Yiu > 2017-10-13 09:30 | Report Abuse

Good divided ?

Posted by BigPro > 2017-10-13 10:28 | Report Abuse

1.25 Cent or RM0.0125 Consider reasonable...

Posted by leslieroycarter > 2017-10-18 16:48 | Report Abuse

Comparable to padini....if calculated based on stock price n its multiple of 7 which will equate to padini . Since it’s PE is 16 but padini PE closing to 20 . Bonia is a better bet now. Both padini n bonia are reaching its top n sensing that the corrections will be imminent , thus it is better to wait when it’s PE getting lower will be a better chance to buy.

Posted by apolloang > 2017-10-18 17:59 | Report Abuse

padini own by crooks,bonia own by retailers.....that's why crooks only got power to push it up,bonia many retailers own one no power to push. interest rate low so crooks keep lending to push,retailers cannot go lend to push

Posted by wafiy0123 > 2017-10-22 02:36 | Report Abuse

Anyone can teach me how to calculate the dividend ? Still new hehe

Posted by Oreo Oreo > 2017-10-22 07:04 | Report Abuse

@wafiy, no. of shares u own * price of div( 0.0125). Hope I answer your doubt.

Posted by Tze Xin Tze Yiu > 2017-10-22 18:36 | Report Abuse

I got 50k lots so 50* 0.0125 , so diveden about rm625

Posted by wafiy0123 > 2017-10-23 00:13 | Report Abuse

Thanks tze xin (:

Posted by Oreo Oreo > 2017-10-23 08:20 | Report Abuse

@wafiy0123, sorry mate, I didn't do any analysis on bonia. just happened to see your doubt in forum and replied u

Posted by wafiy0123 > 2017-10-23 08:53 | Report Abuse

Hahaha...okay2 btw thanks

Posted by Hk Wong > 2017-10-26 15:32 | Report Abuse

bonia starting up

Posted by latif11 > 2017-10-27 11:26 | Report Abuse

?

Posted by Js Goh > 2017-10-31 18:14 | Report Abuse

Directors selling?

Posted by BigPro > 2017-11-01 12:29 | Report Abuse

This is stock market buy n sell is normal for all base on own reasons....

Posted by Eric Fong > 2017-11-02 01:02 | Report Abuse

Actually directors selling is a very bad example for shareholders.
They themselves also not confidence on its own company.
And earn money from the share market not from the products they doing.

But after all, we will say this is a free market so buy and sell is normal for some reason.

Posted by Muhammad Saifuddin > 2017-11-05 04:12 | Report Abuse

Year end sale.
Mana outlet yang tak kencang akan ditutup.
Next quarter p.e below 10.
Director sedang berusaha mengecilkan saiz floating.

Posted by Parkson8888 > 2017-11-11 12:59 | Report Abuse

Parkson better bet. Parkson also got sell Bonia brand. Parkson director no need to sell shares for pocket money.

Posted by GGecko > 2017-11-16 16:58 | Report Abuse

BONIA's v sustainable today, going against market trend

Posted by Mypickers > 2017-11-23 21:00 | Report Abuse

Any news ?

Posted by BigPro > 2017-11-27 17:47 | Report Abuse

QR tomorrow ?

Posted by Muhammad Saifuddin > 2017-11-28 11:11 | Report Abuse

Any news from AGM??

Posted by Hafid > 2017-11-29 06:32 | Report Abuse

Qr today

Posted by Hafid > 2017-11-29 06:32 | Report Abuse

Qr today

Posted by warren22 > 2017-11-29 14:04 | Report Abuse

qr post just now.

Posted by isandy > 2017-11-29 14:56 | Report Abuse

sadddddd