Financial Result of CSCENIC (as at 30/06/2013)

Quarterly rpt on consolidated results for the financial period ended 30/6/2013

CLASSIC SCENIC BERHAD

Financial Year End	31/12/2013
Quarter	2
Quarterly report for the financial period ended	30/06/2013
The figures	have not been audited

Attachments 2Q 2013.xls 186 KB

• Default Currency
• Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2013	30/06/2012	30/06/2013	30/06/2012
		$$'000	$$'000	$$'000	$$'000
1	Revenue	14,019	17,316	27,670	30,677
2	Profit/(loss) before tax	3,197	4,999	6,467	8,542
3	Profit/(loss) for the period	2,448	3,813	4,917	6,501
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,448	3,813	4,917	6,501
5	Basic earnings/(loss) per share (Subunit)	2.03	3.18	4.08	5.42
6	Proposed/Declared dividend per share (Subunit)	4.00	4.50	4.00	4.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.7900		0.8100

受全球經濟低迷影響，CSCENIC這類生産非必需品的公司業績有所下滑可以説是預料之中，但情況比預計差了一點。單季營業額相比去年下降了大約19%，而盈利則下降了大約36%。報告的解釋是成本方面受到原料價格高漲和最低薪金制的衝擊造成盈利下滑幅度較高，這也還算合理。

CSCENIC預計在接下來的兩個季度歐美（主要市場）經濟有復蘇的情況，相信在沒有意外的情況下，預計年内還是會得到滿意的成績。

同時CSCENIC宣佈了個RM0.04的中期單層股息，比去年稍微低了個RM0.005。

如果接下來兩季的成績不太差，甚至比較好，相信接下來第二期的股息還是挺可觀的（在CSCENIC派出比自己設下50%派息率更高的情況下）。

就基本面來所，CSCENIC依然是不錯的，零債務高現金，業績也還算可以，就成長方面沒有超水準的表現，但也可以説是穩打穩紮的。再者，它一向來派高股息的作風還真的挺吸引我的。打算長期收股息的投資者不妨把它列入觀察名單。當然，買賣自負啊，呵呵……

Financial Result of ARREIT (as at 30/03/2013)

Quarterly rpt on consolidated results for the financial period ended 31/3/2013

AMANAHRAYA REAL ESTATE INVESTMENT TRUST

Financial Year End	31/12/2013
Quarter	1
Quarterly report for the financial period ended	31/03/2013
The figures	have not been audited

Attachments Financial Report 31032013.pdf 89 KB

• Default Currency
• Other Currency

Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2013	31/03/2012	31/03/2013	31/03/2012
		$$'000	$$'000	$$'000	$$'000
1	Revenue	16,747	16,622	16,747	16,622
2	Profit/(loss) before tax	11,368	9,688	11,368	9,688
3	Profit/(loss) for the period	11,368	9,688	11,368	9,688
4	Profit/(loss) attributable to ordinary equity holders of the parent	0	0	0	0
5	Basic earnings/(loss) per share (Subunit)	1.98	1.69	1.98	1.69
6	Proposed/Declared dividend per share (Subunit)	1.88	1.81	1.88	1.81
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0553		1.0774

最近心情有點煩躁，鬧心的事也不少，要處理的事也多，有一段時間沒跟進了，唉……

ARREIT的成績算不錯，租金收入上升不多，但盈利上升幅度高達17%，稍微留意了官方得分析，主要應該是這個other property operating expenses大幅降度（大概RM1.6m降低到RM0.3m），但無法得知這個expenses的詳情，就沒辦法做進一步觀察。

基本上ARREIT借貸空間（目前gearing ratio 35%左右），它還是有成長空間的，可惜管理層好像都無色不到好的產業，這一點有點可惜。

由於手上有些閑錢，早前稍作加碼在ARREIT以增加一些被動收入。

以目前市價RM1.03而言，如果每一季租金回饋大同小異，周息率還是有6.6%（net），作爲防禦性定存股還算不錯。

Financial Result of LUXCHEM (as at 31/12/2012)

LUXCHEM CORPORATION BERHAD

Financial Year End	31/12/2012
Quarter	4
Quarterly report for the financial period ended	31/12/2012
The figures	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2012	31/12/2011	31/12/2012	31/12/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	121,834	130,944	496,877	498,933
2	Profit/(loss) before tax	7,944	6,815	29,367	30,217
3	Profit/(loss) for the period	5,947	5,328	21,951	22,691
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,984	5,345	22,041	22,708
5	Basic earnings/(loss) per share (Subunit)	4.57	4.10	16.89	17.45
6	Proposed/Declared dividend per share (Subunit)	5.50	6.00	8.50	9.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0500		0.9700

LUXCHEM是目前的組合中成績相對成績不亮眼的一個，全年營業額和盈利稍微下滑，唯變化不大，所以我把它歸類為走勢平穩好了。

當初買入持股也是爲了他的股息，到目前股息囘酬也有接近7%，中規中矩吧。

從disclosure note看到以下兩點比較值得在意。

Expansion of existing operations

As stated in the Prospectus dated 10 Sep 2008, we have intended to utilise approximately RM3.0 million of the proceeds to purchase and install a new reactor and related equipment at our Unsaturated Polyester Plant in Melaka, to increase production capacity by another 50% in order to reach an output of 30,000 metric tones per annum. 

In addition, we intended to utilise approximately RM500,000 of the proceeds to increase

our warehouse storage capacity by installing improved rack systems at our manufacturing plant. We are currently preparing necessary reports to apply for regulatory approval to expand the production capacity. We expect our capacity expansion will be ready by end 2013.

Expansion of business and markets

As disclosed in our Prospectus dated 10 Sep 2008, we intended to utilise RM2.5 million of the proceeds to set up sales and marketing offices in Indonesia, Vietnam and China to improve our services to customers in the region.

The company has set up a subsidiary in Indonesia in Oct 2011.

The setting up of the Representative office in Vietnam was originally scheduled to be completed by Q3 2012.

The company has decided that it will not proceed with the setting up of the Representative office during this financial year. The company will focus on its growth locally, as well as in Indonesia.

海外開拓計劃可說暫時擱置了，LUXCHEM 接下來的方向是增加產能，並專注於本地和印尼市場。

對於這個行業的市場，我不是很熟悉，但營業額和盈利的trend來看，營業蠻高，但profit margin 是有點難看了…… 我覺得 LUXCHEM 得想辦法盡量提升 profit margin （入成本轉嫁）才有比較大機會突圍。當然，提高產能也能進一步降低成本，但相信成效不高……

如果LUXCHEM跌破我的底綫，我會選擇適量的加碼，畢竟股息囘酬還算不錯，就當作一小部分的定存吧。

Financial Result of ARREIT (as at 31/12/2012)

Quarterly rpt on consolidated results for the financial period ended 31/12/2012

AMANAHRAYA REAL ESTATE INVESTMENT TRUST

Financial Year End	31/12/2012
Quarter	4
Quarterly report for the financial period ended	31/12/2012
The figures	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2012	31/12/2011	31/12/2012	31/12/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	16,829	16,392	66,915	65,306
2	Profit/(loss) before tax	16,181	41,457	46,887	73,672
3	Profit/(loss) for the period	16,181	41,457	46,887	73,672
4	Profit/(loss) attributable to ordinary equity holders of the parent	0	0	0	0
5	Basic earnings/(loss) per share (Subunit)	2.82	7.23	8.18	12.85
6	Proposed/Declared dividend per share (Subunit)	2.05	1.88	7.45	7.22
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.0774		1.0475

看到那profit少了那麽多，原本還真有點呆了一下。

仔細看了看它的Financial Statement，原來那差距是因爲去年的Revaluation of Properties（2012：RM3.5m； 2011：RM31.143m）大大比今年高才導致今年的profit看似“大縮水”。

而ARREIT面對的隱憂和前一篇提到的沒有太大差別。雖然銀鳥集團再度延長了7.5個月的租凴合約，問題的根本還是存在。

無論如何，這一季的租金囘酬比以往的高了那一點點，算是個小小驚喜。

Financial Result of HUAYANG (as at 30/09/2012 & 31/12/2012)

HUA YANG BERHAD

Financial Year End	31/03/2013
Quarter	2
Quarterly report for the financial period ended	30/09/2012
The figures	have not been audited

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2012	30/09/2011	30/09/2012	30/09/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	103,704	76,128	201,668	137,879
2	Profit/(loss) before tax	22,630	18,888	45,030	34,147
3	Profit/(loss) for the period	17,060	13,912	33,530	25,424
4	Profit/(loss) attributable to ordinary equity holders of the parent	17,060	13,897	33,530	25,377
5	Basic earnings/(loss) per share (Subunit)	11.26	9.65	22.69	17.62
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.9400		1.8600

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2012	31/12/2011	31/12/2012	31/12/2011
		$$'000	$$'000	$$'000	$$'000
1	Revenue	104,604	84,251	306,272	222,130
2	Profit/(loss) before tax	26,993	19,781	72,023	53,928
3	Profit/(loss) for the period	19,934	14,580	53,464	40,004
4	Profit/(loss) attributable to ordinary equity holders of the parent	19,934	14,569	53,464	39,946
5	Basic earnings/(loss) per share (Subunit)	10.07	7.94	28.00	21.76
6	Proposed/Declared dividend per share (Subunit)	5.00	0.00	5.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.6500		1.8600

按兵不動一段日子，加上被無聊的工作壓得喘不過氣，也沒有在這裡update到季報。=.=|||

趁現在有空，稍微做個記錄。

除了大選者和房產泡沫可能性這兩大不確定因素，成績單表面來看都還是挺正面。

年報出來后才做詳細研究，暫時不排除先售選后再買囘的可能性。

另外，每股RM0.0375（RM0.05-RM0.0125）的股息將會在28/02/2012收到，袋袋平安啊~