2013年3月23日星期六
Apollo
Apollo Food replacing machines
JOHOR BARU: Apollo Food Holdings Bhd plans to replace old machinery with newer equipment as part of its strategy to further strengthen its position in the industry.
Executive chairman and managing director Liang Chiang Heng said that the company was in the midst of calculating how much it would need to spend on the exercise.
“We have yet to come out with the figure but I can tell you that the investment is quite substantial,'' he told StarBizWeek after the company's AGM on Thursday.
Liang said the exercise involved the replacement of production machinery that had been around for more than 10 years as they were no longer economical to run and required higher maintenance.
He said the company would be getting state-of-the-art and fully automated machinery that could improve production capacity and reduce dependency on workers.
“Like other manufacturers in Malaysia, we are also having problems hiring locals as production workers and the only way is to invest in technology,'' Liang said.
The last time Apollo Food had invested in new machines was during the fiscal year ended April 30, 2006, when it spent RM10mil to enhance production capacity.
He said apart from boosting the firm's production, the new investment would see more new products.
Liang said Apollo Food introduced 10 to 15 new products annually, mostly chocolate-coated confectionery items and layer cakes.
He said these included premium products with good growth potential and able to generate better income for the company in the long run.
Liang said Asean countries, China and Japan remained the main export markets for the company, while the African and the Middle Eastern countries offered good growth prospects.
“We already export to several European countries and the US but in small quantities, and we'll beef up our efforts to increase our market share there,'' he said.
Liang said the company currently marketed 50% of its 100 products locally and the balance overseas.
For the financial year ended April 30, 2012, Apollo recorded RM21.74mil in net profit on revenue of RM200.54mil against RM17.85mil and RM176.29mil respectively the previous year.
一股作气：阿波罗食品多元化营收
为改善生产规划，现金充裕的阿波罗食品（Apollo，6432，主板消费产品股）计划投资现代化机器。
积极提高产能和生产效率下，集团也不忘开发海外新市场，并致力提高海外对业务的贡献。
长期策略方面，阿波罗食品寻求新业务商机，另一个最重要的方向就是多元化集团营收来源。
股本规模小，但坐拥庞大现金、且股息派发和现金流稳定的阿波罗食品是国内巧克力糕点产品与夹心蛋糕领域领先业者之一。
为了在充满挑战的市场环境上维持竞争能力，集团计划投资先进的生产机器，以取代不再符合经济规模与效益、且需要庞大维修支出的机器。
根据2012财年年报，主席文告指出，持续改善生产规划、更严格的品质管理以及投资现代化生产机器以提升竞争力是先决条件。
自动化减劳工
一般相信，阿波罗食品将采纳自动化生产机器，一来不仅可以减少对劳工的需求，二来更能有效提高生产力。
与此同时，也不排除在提高产能下集团将推出更多新产品，以在长期提高营收表现。
主席文告也提及，长期策略方面将涵盖寻求新业务机会，以及多元化集团的营收来源。
历史悠久的阿波罗食品产品主要可分为：（一）巧克力威化产品，以及（二）夹心蛋糕、巧克力夹心蛋糕和卷筒夹心蛋糕。
除了本地市场以外，旗下食品也出口到新加坡、印尼、泰国、菲律宾、越南、中国、香港、台湾、日本、印度、中东、毛里求斯和马尔代夫。
依据阿波罗食品2013财年6个月数据，出口市场（不包括内部营收在内）占营业额约49%，而本地市场则为51%。
出口市场方面，主要贡献来自东协、中国和日本国家，而中东市场则为集团提供未来增长潜力。
提高欧美市占
不仅如此，阿波罗食品如今也已进军欧洲和美国市场，虽然量不多，但将致力提高当地的市场份额。
依据阿波罗食品的年报数据，集团过去5年的营业额、净利、每股盈利和每股股息如上表。
最新业绩表现方面，2013财年首6个月，阿波罗食品营业额为1亿1107万9000令吉（按年增长17.5%）。
本地和出口市场营收推高以及成本改善下，半年净利按年飙升幅度达112%至1566万5000令吉，相等于2012财年的72%。
以过去4个季度每股盈利（约37.5仙）以及周五闭市价3.21令吉计算，该股估值相等于本益比8.56倍。
然而，截至2012年10月，阿波罗食品净资产达2亿2987万8000令吉，每股计算为2.87令吉，股价净值比为1.12倍。
就周息率而言，以2012财年派发每股20仙股息保守计算，则为6.23%。净利表现预计可超越2012财年下，有望派发更高股息。
无债一身轻 净流出派息
从阿波罗食品的现金流量来看，公司拥有强稳的营运现金流，2013财年首半年取得2058万9000令吉的净流入。
至于投资，主要因购买产业、厂房和设备项目支出庞大才导致现金净流出414万令吉。
值得一提的是，集团无贷款融资，依据2012财年的年报数据，融资项目净流出资金是用作派发股息给予股东。
原料价仍高企
为此，集团握有的现金与现金等值已从2011年10月的6164万1000令吉、在一年后提高到7291万9000令吉。
以现有的股量计算，阿波罗食品目前握有的现金与现金等值相等于每股逾91仙，也就是周五闭市价格的28%。
展望未来，尽管近期部分原料价格下跌，但集团的主要原料价格仍然高企从而影响生产成本，为此，预料营运环境仍将面对激烈的竞争和挑战。
应对措施上，集团已计划投资新机器提升生产效率以及继续采谨慎措施，以在逆境中上游。
JOHOR BARU: Apollo Food Holdings Bhd plans to replace old machinery with newer equipment as part of its strategy to further strengthen its position in the industry.
Executive chairman and managing director Liang Chiang Heng said that the company was in the midst of calculating how much it would need to spend on the exercise.
“We have yet to come out with the figure but I can tell you that the investment is quite substantial,'' he told StarBizWeek after the company's AGM on Thursday.
Liang said the exercise involved the replacement of production machinery that had been around for more than 10 years as they were no longer economical to run and required higher maintenance.
He said the company would be getting state-of-the-art and fully automated machinery that could improve production capacity and reduce dependency on workers.
“Like other manufacturers in Malaysia, we are also having problems hiring locals as production workers and the only way is to invest in technology,'' Liang said.
The last time Apollo Food had invested in new machines was during the fiscal year ended April 30, 2006, when it spent RM10mil to enhance production capacity.
He said apart from boosting the firm's production, the new investment would see more new products.
Liang said Apollo Food introduced 10 to 15 new products annually, mostly chocolate-coated confectionery items and layer cakes.
He said these included premium products with good growth potential and able to generate better income for the company in the long run.
Liang said Asean countries, China and Japan remained the main export markets for the company, while the African and the Middle Eastern countries offered good growth prospects.
“We already export to several European countries and the US but in small quantities, and we'll beef up our efforts to increase our market share there,'' he said.
Liang said the company currently marketed 50% of its 100 products locally and the balance overseas.
For the financial year ended April 30, 2012, Apollo recorded RM21.74mil in net profit on revenue of RM200.54mil against RM17.85mil and RM176.29mil respectively the previous year.
一股作气：阿波罗食品多元化营收
为改善生产规划，现金充裕的阿波罗食品（Apollo，6432，主板消费产品股）计划投资现代化机器。
积极提高产能和生产效率下，集团也不忘开发海外新市场，并致力提高海外对业务的贡献。
长期策略方面，阿波罗食品寻求新业务商机，另一个最重要的方向就是多元化集团营收来源。
股本规模小，但坐拥庞大现金、且股息派发和现金流稳定的阿波罗食品是国内巧克力糕点产品与夹心蛋糕领域领先业者之一。
为了在充满挑战的市场环境上维持竞争能力，集团计划投资先进的生产机器，以取代不再符合经济规模与效益、且需要庞大维修支出的机器。
根据2012财年年报，主席文告指出，持续改善生产规划、更严格的品质管理以及投资现代化生产机器以提升竞争力是先决条件。
自动化减劳工
一般相信，阿波罗食品将采纳自动化生产机器，一来不仅可以减少对劳工的需求，二来更能有效提高生产力。
与此同时，也不排除在提高产能下集团将推出更多新产品，以在长期提高营收表现。
主席文告也提及，长期策略方面将涵盖寻求新业务机会，以及多元化集团的营收来源。
历史悠久的阿波罗食品产品主要可分为：（一）巧克力威化产品，以及（二）夹心蛋糕、巧克力夹心蛋糕和卷筒夹心蛋糕。
除了本地市场以外，旗下食品也出口到新加坡、印尼、泰国、菲律宾、越南、中国、香港、台湾、日本、印度、中东、毛里求斯和马尔代夫。
依据阿波罗食品2013财年6个月数据，出口市场（不包括内部营收在内）占营业额约49%，而本地市场则为51%。
出口市场方面，主要贡献来自东协、中国和日本国家，而中东市场则为集团提供未来增长潜力。
提高欧美市占
不仅如此，阿波罗食品如今也已进军欧洲和美国市场，虽然量不多，但将致力提高当地的市场份额。
依据阿波罗食品的年报数据，集团过去5年的营业额、净利、每股盈利和每股股息如上表。
最新业绩表现方面，2013财年首6个月，阿波罗食品营业额为1亿1107万9000令吉（按年增长17.5%）。
本地和出口市场营收推高以及成本改善下，半年净利按年飙升幅度达112%至1566万5000令吉，相等于2012财年的72%。
以过去4个季度每股盈利（约37.5仙）以及周五闭市价3.21令吉计算，该股估值相等于本益比8.56倍。
然而，截至2012年10月，阿波罗食品净资产达2亿2987万8000令吉，每股计算为2.87令吉，股价净值比为1.12倍。
就周息率而言，以2012财年派发每股20仙股息保守计算，则为6.23%。净利表现预计可超越2012财年下，有望派发更高股息。
无债一身轻 净流出派息
从阿波罗食品的现金流量来看，公司拥有强稳的营运现金流，2013财年首半年取得2058万9000令吉的净流入。
至于投资，主要因购买产业、厂房和设备项目支出庞大才导致现金净流出414万令吉。
值得一提的是，集团无贷款融资，依据2012财年的年报数据，融资项目净流出资金是用作派发股息给予股东。
原料价仍高企
为此，集团握有的现金与现金等值已从2011年10月的6164万1000令吉、在一年后提高到7291万9000令吉。
以现有的股量计算，阿波罗食品目前握有的现金与现金等值相等于每股逾91仙，也就是周五闭市价格的28%。
展望未来，尽管近期部分原料价格下跌，但集团的主要原料价格仍然高企从而影响生产成本，为此，预料营运环境仍将面对激烈的竞争和挑战。
应对措施上，集团已计划投资新机器提升生产效率以及继续采谨慎措施，以在逆境中上游。
2012年11月5日星期一
ALLIANZ的潜力
| LPI | ALLIANZ | TAKAFUL | |
| '000 | '000 | '000 | |
| Based on last four quarters | |||
| Revenue | 1,006,720 | 2,935,149 | 1,588,274 |
| Profit | 158,874 | 172,152 | 93,559 |
| Total Assets | 2,677,175 | 8,606,970 | 6,283,518 |
| ROA | 5.93% | 2.00% | 1.49% |
| Cash | 379,142 | 636,062 | 312,201 |
| No. of Shares | 213,024 | 346,206 | 162,817 |
| Cash per share | 1.78 | 1.84 | 1.92 |
| Market Price | 13.82 | 7.68 | 5.23 |
| Net Assets | 5.52 | 5.01 | 3.01 |
| P/BV | 2.50 | 1.53 | 1.74 |
| IF P/BV | 1.74 | 2.00 | |
| MKT PRICE | 8.71 | 10.02 | |
2012年10月24日星期三
订阅：
评论 (Atom)