This report recommends buying Magni-Tech Industries Berhad stock with a 12-month target price of RM2.80 based on the company's expected 9.8% return. Magni-Tech is a Malaysia-based investment holding company engaged in garment manufacturing and packaging materials. The report cites merits for the recommendation such as expected increased demand for sportswear due to 2020 Olympics, the company's expansion plans, potential benefits from US-China trade wars, and strong financials with no debt. Risks include the weakening US dollar impacting earnings and rising labor costs in Vietnam. Financial forecasts estimate revenue and net profit growth through 2022 based on increased garment sales and conservative assumptions.
This document brings together a set of latest data points and publicly available information relevant for Travel & Transportation Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
Narayana Hrudayalaya (NH) was incorporated by renowned cardiac surgeon Dr. Devi Prasad Shetty in 2000. The company was started as a predominant cardiac care hospitals group initially. Gradually, it also diversified into other specialties although cardiac still remains the mainstream specialty. NH operates a network of hospitals, diagnostic centers, clinical or test centers. It offers medical, surgery and diagnostics and supports services.
This document brings together a set of latest data points and publicly available information relevant for Travel & Transportation Industry. We are very excited to share this content and believe that readers will benefit from this periodic publication immensely.
Narayana Hrudayalaya (NH) was incorporated by renowned cardiac surgeon Dr. Devi Prasad Shetty in 2000. The company was started as a predominant cardiac care hospitals group initially. Gradually, it also diversified into other specialties although cardiac still remains the mainstream specialty. NH operates a network of hospitals, diagnostic centers, clinical or test centers. It offers medical, surgery and diagnostics and supports services.
PI Industries: Another strong performance; Sales up 16% in Q1FY15IndiaNotes.com
PI Industries posted strong quarter with 16% growth in sales for the quarter. However, key highlight of the quarter is improvement in margins which has moved up by ~348 up yoy and ~859 bps qoq. Hold for a target of Rs465.
This slide will give you the analysis of Food Processing Sector. Company information of Britannia. Financial Modeling and Valuation of the company.
Follow my YouTube Channel "Learning Hub". Please click the link below-
https://www.youtube.com/channel/UC4QDgZS6aK2uKX2-mXgFGEQ?view_as=subscriber
Financial Results for the Fiscal Year Ended March 2019KDDI
Statements made in these documents with respect to the KDDI Group‘s performance targets, projected subscriber numbers, future forecasts and strategies that are not historical facts are forward-looking statements about the future performance of the KDDI Group, based on company’s assumptions and beliefs in light of the information available at the time they were made. They therefore include certain risks and uncertainties. Actual results can differ from these statements due to reasons including, but not limited to, domestic and overseas economic trends, competitive position, formulation, revision or abolition of laws and ordinances, regulations or systems, government actions or intervention and the success or lack thereof of new services.
Consequently, please understand that there is a possibility that actual performance, subscriber numbers, strategies and other information may differ significantly from the forecast information contained in these materials or other envisaged situations.
PI Industries: Another strong performance; Sales up 16% in Q1FY15IndiaNotes.com
PI Industries posted strong quarter with 16% growth in sales for the quarter. However, key highlight of the quarter is improvement in margins which has moved up by ~348 up yoy and ~859 bps qoq. Hold for a target of Rs465.
This slide will give you the analysis of Food Processing Sector. Company information of Britannia. Financial Modeling and Valuation of the company.
Follow my YouTube Channel "Learning Hub". Please click the link below-
https://www.youtube.com/channel/UC4QDgZS6aK2uKX2-mXgFGEQ?view_as=subscriber
Financial Results for the Fiscal Year Ended March 2019KDDI
Statements made in these documents with respect to the KDDI Group‘s performance targets, projected subscriber numbers, future forecasts and strategies that are not historical facts are forward-looking statements about the future performance of the KDDI Group, based on company’s assumptions and beliefs in light of the information available at the time they were made. They therefore include certain risks and uncertainties. Actual results can differ from these statements due to reasons including, but not limited to, domestic and overseas economic trends, competitive position, formulation, revision or abolition of laws and ordinances, regulations or systems, government actions or intervention and the success or lack thereof of new services.
Consequently, please understand that there is a possibility that actual performance, subscriber numbers, strategies and other information may differ significantly from the forecast information contained in these materials or other envisaged situations.
This document brings together a set
of latest data points and publicly
available information relevant for
Travel & Transportation Industry. We
are very excited to share this content
and believe that readers will benefit
from this periodic publication
immensely.
The quarter one investor update of July highlights the achievements of GHCL in chemicals, textiles and consumer products. It also highlights the current pandemic situation and the impact it has made on the industry. With an emphasis on the core values, GHCL focuses on profitable yet sustainable growth that can be noted in the incentives and approaches it takes.
I-Bytes Telecommunication, Media and Technology IndustryEGBG Services
This document brings together a set of latest data points and publicly available information relevant for Telecommunication, media and Technology Industry. We are very excited to share this content and believe that readers will benefit immensely from this periodic publication immensely.
Recommended Strategies and Long-Term ObjectivesUpon review .docxdanas19
Recommended Strategies and Long-Term Objectives
Upon review of the data provided within the appendices, in conjunction with the substantive strategic analyses noted above, there seems to be a clear strategy for iRobot to take to gain a competitive advantage in the near future. Furthermore, this strategy will ensure the company’s financial security and exponential growth for the next decade. Within three years, iRobot will have fully absorbed the new strategy’s initial costs and will provide substantial increases in net income and cash flows, which in turn will result in impressive financial statements to appeal to investors, as well as improved operating efficiency within the company to allow it to expand to new markets.
iRobot has an increasing number of competitors within its market, and its current market share is relatively small, despite the company’s continual growth over the past several years. The company has put little effort into its marketing campaigns, and has also placed few resources to research and development. However, the recommended strategy for the company will be to use considerable capital in research and development, to create innovative robots designed for the retail industry. Major retail companies, such as Walmart, are beginning to invest in robots to facilitate a great number of tasks, both in physical retail locations, as well as manufacturing and distribution centers. With the commitment from companies such as these to continue integrating robotics into their operations, a new lucrative market is available for iRobot. If the company could develop a robot to facilitate the needs of these retail giants, iRobot could recognize massive profits, and also capitalize on relatively untouched market, quickly grabbing up the majority of the market share.
The suggested strategy is for iRobot to invest $70 million in 2019 in the R & D department, to design and produce a retail-specific robot within 6 months. The company currently has more than enough liquid assets to cover this investment without putting the company in financial stress. Once the robots are developed, iRobot will invest $25 million in a marketing campaign geared specifically for the retail industry, to gain the attention of retailers and supply chain companies worldwide. In 2019, iRobot will purchase 5,000 robots, with the goal of selling 2,500 in the first year. The average cost for such a robot will be around $15,500 per robot for production, while the average sales price that iRobot could charge to retailers is around $50,000 per robot.
For the first year, iRobot will incur and additional $172.5 million in the initial investment and production of the first run of 5,000 robots. However, the company will also recognize an additional $125 million in revenues from the 2,500 robots to be sold in 2019. This will result in a decrease in net income of around 44%, which still nets the company nearly $50 million in net income. Although the first year represents .
Class 12 Accountancy Project
Analysis of Financial Statements of Deepak Nitrite Limited.
Specific 1=> Calculation of Accounting Ratios. (2018-19, 2019-20)
Specific 2=> Cash Flow Statement and comments on it. (2018-19, 2019-20)
Specific 3=> Segment analysis of 4 segments on the basis of Revenue, PBIT, Capital Employee and Combined Comparative Statement.
The data used for this project is from the annual report of Deepak Nitrite Limited taken from www.bseindia.com.
From the data of the financial year ended 31st March 2020
Financial Results for the the Fiscal Year Ended March 2016KDDI
The figures included in the following brief, including the business performance target and the target for the number of subscribers are all projected data based on the information currently available to the KDDI Group, and are subject to variable factors such as economic conditions, a competitive environment and the future prospects for newly introduced services.
Accordingly, please be advised that the actual results of business performance or of the number of subscribers may differ substantially from the projections described here.
Solvay 9 months 2018 results - PresentationSolvay Group
Solvay published on November 8, 2018 its first nine months 2018 results. Earnings toolkit and press release are available here: https://www.solvay.com/en/event/nine-months-2018-earnings
FiinPro Digest #3: Covid-19 Pandemic: Assessing the Impacts from Corporate Fi...FiinGroup JSC
This Report is part of “FiinPro Data Digest” series and prepared
primarily for subscribers of FiinGroup’s financial information and
data platforms. As noted in previous issues, FiinPro Data Digest
focuses on analyzing financial data to give commentaries and
findings with specific data-driven evidence in order to provide
independent and in-depth perspective on securities and financial
issues.
Download:
VIE version: https://bit.ly/3ezcM31
EN version: https://bit.ly/3gRUbkW
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
1. Page 1 of 5
MAGNI-TECH INDUSTRIES BERHAD
By Ooi Say Yong
Updated: 22 December 2019
Recommendation: BUY
12 months Target
Price:
RM2.80
Current Price: RM 2.55
Expected Dividend: 3.8%
Expected Return: 9.8%
Market Capital(RM’m): 1,107
No. Shares(in’m): 433.9
Sector: Textile
Stock code: 7087
Share Price Performance (Last 12 months)
Major Shareholders:
Tan Poay Seng (TPS) 23.46%
Tan Sri Tan Kok Ping
(TKP)
19.26%*
Siyasi Sdn Bhd 6.65%
(*including deemed interest)
Company Background:
Magni-Tech Industries Berhad is a Malaysia based
investment holding company that is also engaged
in the provision of management services. The
Company operates in two business segments:
manufacturing of garments and packaging
materials. Apparel sales make up more than 90%
of group revenue. More than 90% of its apparel
sales are derived from Nike Inc. The group has an
annual capacity of 35.6 million pieces at a
utilisation rate of 70% and plans to increase its
capacity to 50 million pieces by 2020. The
Company markets its products in Malaysia,
Vietnam, the United States, Europe, China,
Canada, Thailand, Indonesia and Japan.
Exhibit1: Labour costs in Vietnam (VND)
Key Financial Indicators:
FY April 2016 2017 2018 2019
Gross Profit 17.8% 17.8% 17.2% 17.6%
Net Profit 9.6% 10.5% 8.5% 9.6%
ROE 25.4% 29.4% 19.7% 19.4%
Current ratio 4.15 4.73 5.36 7.62
Quick ratio 2.48 2.64 2.64 4.74
D/E No
debt
No
debt
No
debt
No
debt
SUMMARY
Buy recommendation on this stock is maintained with
conservative target price RM2.80. However, I believe share
price can go beyond RM2.80 due to the merits stated as per
below. In latest quarterly report 2Q20, Magni has reported
17.8% YoY increase in Revenue and 28.7% YoY increase in
net profit. Such growth in Revenue and Net Profit are
contributed by higher order received in garment segment.
MERIT
• Tokyo Olympics and UEFA European
Championship. These sport events in 2020 are
expected to boost demand for sportwear.
• Expansion. Magni has completed 2-phase expansion
plan by September 2019. The manufacturing capacity
has been increased from 37m pieces p.a. previously to
45m pieces p.a. currently. It also plan to increase the
capacity to 50m p.a. in 2020.
• Beneficiary of Trade war. Demand of garment may
switch to ASEAN countries in the midst of trade wars
between US and China.
• Strong Financial Position. Magni has clean balance
(no debt or net cash), posting stable growth in earnings
and dividend and constantly pay dividend.
• Directors acquisition of share. In between August
2019 and August 2018, TPS and TKP has increased
shareholdings from 34.9m to 38.1m and from 30.3m to
31.3m respectively. I believe the acquisition is reflecting
positive or even better prospect ahead.
DEMERIT
• Weakening USD/MYR. Magni has derived most of its
Revenue denominated in USD, although most of the
costs are also denominated in USD, the weakening of
USD definitely has some -ve impact on the earnings.
• Rising Labour costs. Labour costs in Vietnam has
been increased(exhibit 1) due to increase of investment
from China to the region. At Malaysia side, minimum
wages would be increased to RM1,200 from RM1,100
previously.
• One single and the largest customer. Magni has been
rely on Nike Inc in the past year. I believe it would be still
the same in the foreseen future.
2. Page 2 of 5
KEY FINANCIAL DATA
INCOME STATEMENTS
FY April (RM’m) 2018A 2019A 2020F 2021F 2022F
Revenue 1,080 1,073 1,284 1,40 1,465
Gross Profit 186 188 226 247 258
Operating Profit 109 120 144 158 165
EBIT 120 134 158 172 179
PBT 119 133 157 171 179
Income tax (28) (31) (36) (39) (41)
PAT 91 103 122 132 138
Profit to Shareholders 91 103 122 132 138
EPS (sens) 0.21 0.24 0.28 0.30 0.32
BALANCE SHEET
FY April (RM’m) 2018A 2019A 2020F 2021F 2022F
PPE 63 63 65 66 67
Cash & Bank Balance 50 60 105 164 239
Trade and Other Receivables 98 113 133 145 151
Other Assets 316 368 389 409 419
Total Assets 527 604 692 784 876
Trade and Other Payables 53 65 73 79 81
Borrowings - - - - -
Deferred Tax 6 6 6 6 6
Other Liabilities 3 4 4 4 5
Total Liabilities 62 75 83 89 92
Shareholders’ Equity 465 530 609 694 784
NCI 0 0 0 0 0
Total Equity 465 530 609 694 784
Total Equity and Liabilities 527 604 692 784 876
CASH FLOWS
FY April (RM’m) 2018A 2019A 2020F 2021F 2022F
PBT 119 133 157 171 179
Depreciation 6 7 7 8 9
Operating CF 102 53 87 106 123
Capex 13 7 9 10 10
Free cash flow 90 46 79 96 113
Investing CF (69) (6) 1 (0) (1)
Financing CF (36) (38) (43) (46) (48)
Net CF (3) 10 45 59 74
ASSUMPTIONS TO THE FINANCIAL MODELING:
Income statements:
1. Vertical Analysis
(*The blue fonts are the metrics used for forecast)
3. Page 3 of 5
2. Revenue segment
Garments: I forecast garment has higher sales in 2020 due to increase of production and demand.
Packaging: I expect this segment is posting reducing growth. Not much discussion from management on
this segment
3. Interest Income
Interest income mainly represents interest income from short term placements and fixed deposits with
licensed banks. (source: AR2019)
The Interest income is forecasted at 4% for average and conservative purpose.
4. Dividend Income
Dividend income is derived from investment securities:
- Shares and unit trusts quoted in Malaysia
- Unquoted shares outside Malaysia
(source: AR2019)
The Dividend income is forecasted at 16.6% and remain constant for 4 years. Moreover the dividend rate
has been in increasing, for conservative purpose, we only use 16.6%.
4. Page 4 of 5
5. Finance costs
Finance costs comprise of only bank and commission charges incurred. (source: AR2019)
The Finance costs are forecasted at 0.0695% of the Purchase for conservative purpose.
6. Depreciation Expenses
*Please refers to the section in Balance sheets.
Balance Sheets:
1. Working capital
The forecasts are using data below:
5. Page 5 of 5
2. Capex
The capex is forecasted at 0.7% of Revenue. And then the amount of total forecasted capex is
proportioned with assets which has additions in capex in past 4 financial years.
3. Depreciation expenses
4. Dividend Payout
The Directors seek to maintain a dividend payout ratio of about 35% subject to the Group’s financial
performance, capex requirement and cash flow position. The Company has not adopted any dividend
policy. (source: AR2019)
----------------------------------------------- END -----------------------------------------------