Fundamental Analysis of Dayang Enterprise Holdings Berhad by L. C. Chong
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Fundamental Analysis of Dayang Enterprise Holdings Berhad by L. C. Chong
https://lcchong.wordpress.com/
https://www.facebook.com/groups/285121298359919/
This document provides a financial analysis of DAYANG for the 2014 financial year. It summarizes DAYANG's business activities in offshore topside maintenance services, marine charters, and equipment hire for the oil and gas industry. The analysis finds that DAYANG has strong profitability and scale, wide economic moats, and a healthy financial position. Key growth drivers include aging offshore infrastructure in Malaysia driving demand for maintenance contracts. Risks include downturns in the oil and gas sector and difficulties executing international expansion.
BURSA is Malaysia's sole stock exchange that provides listing, trading, clearing and settlement services. It enjoys wide economic moats as the monopoly exchange. In FY2015, BURSA reported record net income of RM198.6 million despite a challenging market environment. However, it faces risks from a potential lack of new listings and weak retail participation on the exchange. Going forward, BURSA aims to drive growth through new product offerings and expanding its regional presence.
This document provides a fundamental analysis of Carlsberg Brewery Malaysia Berhad (CARLSBG) for the 2014 financial year. It summarizes the company's business profile as a brewer and distributor of beer, stout and other beverages in Malaysia and for export. It analyzes CARLSBG's economic moats, profitability, leverage, liquidity, growth drivers, and risks. Key points include CARLSBG enjoying high returns on invested capital and cash flows, facing challenges from regulation, competition and contraband, but having potential for growth in premium brands and geographical expansion.
Fundamental Analysis of Hai-O Enterprise Berhad (HAIO) as of FY15 by L. C. Chong
At the time of writing, I owned shares of HAIO.
http://lcchong.wordpress.com
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This document outlines an approach to value investing in the KLSE market. It describes filtering criteria to identify investment-grade companies with strong franchises and management. Key criteria include franchise quality analysis, due diligence, shareholder wealth creation, profitability, and cash flow. Companies are further screened based on institutional shareholding and management quality. Potential stocks are then compared in depth based on metrics like return on invested capital, cash return on invested capital, growth rates, and earnings per share trends. Entry and exit rules are provided based on earnings per share, intrinsic value, price-to-earnings ratios, dividend yield oscillators, and changes in institutional ownership or a company's fundamentals. The approach is meant to ultimately identify 10
The document compares the financial performance of three direct selling companies - HAIO, Amway, and Zhulian. It analyzes metrics like return on invested capital, cash return on invested capital, gross margin, execution ability, debt-to-EBITDA ratio, and cash conversion cycle from 2010-2015. The analysis shows that Amway has consistently been the best performer, while HAIO has outperformed Zhulian in recent years, though Zhulian's cash conversion cycle is quite high due to elevated inventory levels.
Padini Holdings Berhad is a Malaysian retail company that has experienced 11% annual revenue growth since 2012. However, net profit growth has contracted by 6% annually over the same period due to declining profit margins. The company has no debt and generates strong cash flows from operations. At the current share price of RM1.35, Padini offers an attractive dividend yield of 7.5% but faces risks from a deteriorating profit trend and potential economic downturns. The analyst estimates a fair share price range of RM1.30-RM1.60 based on a PE ratio of 15.
- Hovid Berhad is a Malaysian public listed company that has experienced 5-10% annual revenue and profit growth in recent years. Its financial year ends on June 30.
- For the financial year ending June 2015, the company reported revenue of RM249 million and net profit of RM21 million, maintaining healthy profit margins between 10-12%. It has a net cash position with no debt.
- Based on the analysis, the stock appears to be fairly valued currently trading around RM0.44, with a fair price range estimated between RM0.37-0.46 based on a PER of 13-15 times earnings.
Victrex reported a robust performance for the fiscal year ended 30 September 2013, with volume, revenue, and earnings per share ahead of the previous year. Gross margins remained strong despite adverse currency movements. The company continued investing to support future growth programs and achieved record cash generation. Both the VPS and Invibio business units reported stable or slightly improved performance. Looking forward, Victrex is well positioned for continued growth driven by focused market-led innovation and opportunities in key strategic markets like automotive, aerospace, and medical devices.
- E-commerce gross profit increased 15% to SEK 162m and Financial Services reached operating profitability before depreciations. Group operating income before depreciation improved SEK 26m.
- CDON Marketplace increased external merchant sales by 93% and Nelly substantially increased profits. Qliro Financial Services became a credit market company.
- However, Lekmer remained weak with declining sales in Sweden, partly offset by growth in Norway, Denmark and Finland.
- Gross margin increased 3 percentage points to 17.8% in Q3 2016 compared to Q3 2015. Operating income before depreciation and amortization (EBITDA) improved but was still negative at SEK -12.7 million.
- Nelly significantly improved operating income to SEK 10 million for Q3 2016. CDON Marketplace external merchant sales grew 75% in Q3 2016 compared to Q3 2015.
- Gymgrossisten continued to deliver solid profits in Q3 2016 as higher product margins offset slightly lower sales. Lekmer sales grew 3% in Q3 2016 but operating income margins remained negative.
- A strategic review of the group will be completed by the end
This document discusses risk management at Bank Negara Malaysia (BNM), the central bank of Malaysia. It provides background on BNM and outlines the key risks faced, including financial, policy, project, and operational risks. It also describes how BNM enhances internal controls and its risk management structure, which involves the Board of Directors, Risk Management Committee, and Risk Management Department. The objective is to sensitively manage risks to the Malaysian economy and BNM.
This document provides a financial analysis of DAYANG for the 2014 financial year. It summarizes DAYANG's business activities in offshore topside maintenance services, marine charters, and equipment hire for the oil and gas industry. The analysis finds that DAYANG has strong profitability and scale, wide economic moats, and a healthy financial position. Key growth drivers include aging offshore infrastructure in Malaysia driving demand for maintenance contracts. Risks include downturns in the oil and gas sector and difficulties executing international expansion.
BURSA is Malaysia's sole stock exchange that provides listing, trading, clearing and settlement services. It enjoys wide economic moats as the monopoly exchange. In FY2015, BURSA reported record net income of RM198.6 million despite a challenging market environment. However, it faces risks from a potential lack of new listings and weak retail participation on the exchange. Going forward, BURSA aims to drive growth through new product offerings and expanding its regional presence.
This document provides a fundamental analysis of Carlsberg Brewery Malaysia Berhad (CARLSBG) for the 2014 financial year. It summarizes the company's business profile as a brewer and distributor of beer, stout and other beverages in Malaysia and for export. It analyzes CARLSBG's economic moats, profitability, leverage, liquidity, growth drivers, and risks. Key points include CARLSBG enjoying high returns on invested capital and cash flows, facing challenges from regulation, competition and contraband, but having potential for growth in premium brands and geographical expansion.
Fundamental Analysis of Hai-O Enterprise Berhad (HAIO) as of FY15 by L. C. Chong
At the time of writing, I owned shares of HAIO.
http://lcchong.wordpress.com
https://www.facebook.com/groups/285121298359919/
This document outlines an approach to value investing in the KLSE market. It describes filtering criteria to identify investment-grade companies with strong franchises and management. Key criteria include franchise quality analysis, due diligence, shareholder wealth creation, profitability, and cash flow. Companies are further screened based on institutional shareholding and management quality. Potential stocks are then compared in depth based on metrics like return on invested capital, cash return on invested capital, growth rates, and earnings per share trends. Entry and exit rules are provided based on earnings per share, intrinsic value, price-to-earnings ratios, dividend yield oscillators, and changes in institutional ownership or a company's fundamentals. The approach is meant to ultimately identify 10
The document compares the financial performance of three direct selling companies - HAIO, Amway, and Zhulian. It analyzes metrics like return on invested capital, cash return on invested capital, gross margin, execution ability, debt-to-EBITDA ratio, and cash conversion cycle from 2010-2015. The analysis shows that Amway has consistently been the best performer, while HAIO has outperformed Zhulian in recent years, though Zhulian's cash conversion cycle is quite high due to elevated inventory levels.
Padini Holdings Berhad is a Malaysian retail company that has experienced 11% annual revenue growth since 2012. However, net profit growth has contracted by 6% annually over the same period due to declining profit margins. The company has no debt and generates strong cash flows from operations. At the current share price of RM1.35, Padini offers an attractive dividend yield of 7.5% but faces risks from a deteriorating profit trend and potential economic downturns. The analyst estimates a fair share price range of RM1.30-RM1.60 based on a PE ratio of 15.
- Hovid Berhad is a Malaysian public listed company that has experienced 5-10% annual revenue and profit growth in recent years. Its financial year ends on June 30.
- For the financial year ending June 2015, the company reported revenue of RM249 million and net profit of RM21 million, maintaining healthy profit margins between 10-12%. It has a net cash position with no debt.
- Based on the analysis, the stock appears to be fairly valued currently trading around RM0.44, with a fair price range estimated between RM0.37-0.46 based on a PER of 13-15 times earnings.
Victrex reported a robust performance for the fiscal year ended 30 September 2013, with volume, revenue, and earnings per share ahead of the previous year. Gross margins remained strong despite adverse currency movements. The company continued investing to support future growth programs and achieved record cash generation. Both the VPS and Invibio business units reported stable or slightly improved performance. Looking forward, Victrex is well positioned for continued growth driven by focused market-led innovation and opportunities in key strategic markets like automotive, aerospace, and medical devices.
- E-commerce gross profit increased 15% to SEK 162m and Financial Services reached operating profitability before depreciations. Group operating income before depreciation improved SEK 26m.
- CDON Marketplace increased external merchant sales by 93% and Nelly substantially increased profits. Qliro Financial Services became a credit market company.
- However, Lekmer remained weak with declining sales in Sweden, partly offset by growth in Norway, Denmark and Finland.
- Gross margin increased 3 percentage points to 17.8% in Q3 2016 compared to Q3 2015. Operating income before depreciation and amortization (EBITDA) improved but was still negative at SEK -12.7 million.
- Nelly significantly improved operating income to SEK 10 million for Q3 2016. CDON Marketplace external merchant sales grew 75% in Q3 2016 compared to Q3 2015.
- Gymgrossisten continued to deliver solid profits in Q3 2016 as higher product margins offset slightly lower sales. Lekmer sales grew 3% in Q3 2016 but operating income margins remained negative.
- A strategic review of the group will be completed by the end
This document discusses risk management at Bank Negara Malaysia (BNM), the central bank of Malaysia. It provides background on BNM and outlines the key risks faced, including financial, policy, project, and operational risks. It also describes how BNM enhances internal controls and its risk management structure, which involves the Board of Directors, Risk Management Committee, and Risk Management Department. The objective is to sensitively manage risks to the Malaysian economy and BNM.
Analysis of Maybank berhad slide present MAF630FeeZzy Fz
This document summarizes key information about Maybank, a major Malaysian bank. It outlines Maybank's history of innovations dating back to its founding in 1960. Financial data from 2012 and 2011 is presented, showing increases in operating profit margin and net profit margin. Market ratios like earnings per share and price-earnings ratio are provided. Competitor analysis compares Maybank to other Malaysian banks. Strengths and weaknesses as well as external opportunities and threats are identified. Recent leadership changes and expansion are also mentioned.
Padini Holdings Berhad is a fashion and retail company in Malaysia with several brands under its portfolio. Its vision is to be the best fashion company and its mission is to exceed customer expectations. It aims to maintain and increase its leadership position in Malaysia's fashion industry through various strategies such as upgrading products while emphasizing value and quality. Padini's corporate values include speed, aggressiveness, simplicity, and staff empowerment. It operates various retail brands and has plans to realize growth opportunities in Malaysia by strengthening its stores and prioritizing local suppliers.
Central banks are institutions that manage a state's currency, money supply, and interest rates. They have a monopoly on increasing the money supply and often print the national currency. The primary functions of central banks are to manage the money supply, act as a lender of last resort during financial crises, promote monetary and financial stability, and oversee the banking system. Central banks also maintain commercial bank reserves and implement monetary policy through tools like open market operations and adjusting interest rates. Several major central banks discussed in the document are the Federal Reserve System, Bank of England, Bank of Japan, and State Bank of Pakistan, each with their own objectives and functions for monetary policy and financial stability.
The document discusses the role and functions of central banks. It begins by explaining that a central bank acts as the leader of the money market in a country, supervising commercial banks and financial institutions. As a bank of issue, it is the sole issuer of currency and maintains close ties to the government.
It then contrasts central banks with commercial banks, noting that central banks do not aim to generate profits but rather control the banking system and support economic policy. Central banks are generally government organizations. The document proceeds to outline various functions of central banks, including acting as a bank of last resort, managing foreign exchange reserves, implementing monetary policy, and using various tools like bank rates, open market operations, and cash reserve ratios to influence
The document provides an overview of Thiensurat Group's business, financial highlights for Q1 2017, and outlook for 2017. Key highlights include total revenues of 456 million baht for Q1 2017, a focus on expanding electric appliance sales and improving debt collection, and targets for 2017 including decreasing bad debts and increasing total revenues to 2,000 million baht.
Business plan presentation go solgen-ver-1.5tarunkal
Gosolgen designs, develops, and sells low-cost innovative solar energy applications to create positive social and environmental impact. It has developed various solar products and installed over 100 rural drinking water schemes, 5000 street lights, and 500 kW of rooftop solar benefiting over a million people. The company aims to aggressively target the private rooftop solar market and gradually move away from government business to achieve its financial targets over the next 3 years.
Internship presentation on Measuring and Evaluating Bank performance: A Case...MohiUddin49
This internship report is based on the three months long internship program in Al-Arafah
Islami Bank Limited. In my internship period, I worked in General Banking. It was a great
opportunity to experience and gather knowledge different types of banking operations.
My faculty supervisor helped me to choose the topic-“Measuring and Evaluating Bank
Performance: A case study of Al-Arafah Islami Limited”.
- Klöckner & Co reported financial results for Q1 2013 that were impacted by macroeconomic uncertainty, price declines, and severe weather in Europe. Turnover increased 3.8% quarter-over-quarter but decreased 11.4% year-over-year.
- EBITDA came in at the low end of guidance at €29 million, benefiting from cost reductions of €16 million from the restructuring program but hampered by declining sales volumes and prices.
- The restructuring program is nearly complete, having reduced headcount by 1,600 and closed 50 of 60 targeted sites. The program has significantly improved Klöckner & Co's margins and cost base.
Klöckner & Co - Roadshow Presentation May 10, 2013Klöckner & Co SE
Klöckner & Co SE held a roadshow presentation in London on May 10, 2013. The presentation was led by CEO Gisbert Rühl and provided highlights and an update on Klöckner & Co's strategy, financial results for Q1 2013, and outlook. Key points included that the restructuring has significantly improved Klöckner & Co's margins and cost structure, but volumes are still lagging. The presentation also reviewed the company's strong balance sheet and progress achieving its restructuring targets.
The document provides information on the Indian automobile and tyre industries. It then focuses on analyzing financial statements and ratios for JK Tyres and CEAT.
Some key points:
- The Indian tyre industry has 60 plants, annual turnover of Rs. 50,000 crore, and exports of Rs. 10,500 crore. Major players are MRF, JK Tyres, and Apollo/CEAT.
- Ratio analysis shows CEAT has stronger financials than JK Tyres, with lower debt-equity ratio, higher net profit margin, and better ROI.
- Based on the analysis, CEAT is considered a better investment option compared to JK Tyres.
- Malee Group Public Company Limited held an Opportunity Day on August 17, 2016 to provide an overview of the company and its financial results.
- In the first half of 2016, Malee saw sales growth of 39% and net profit growth of 74% driven by increases in both domestic and international brand and contract manufacturing sales. Profitability margins also improved due to cost controls and higher production utilization.
- Looking forward, Malee aims to continue growing its juice, coconut water, and other beverage sales both domestically in Thailand and internationally through exports and its joint venture in the Philippines. The company also seeks to manage costs and maximize production efficiency.
Spritzer Berhad is the largest bottled water producer in Malaysia with a 40% market share. It manufactures, markets, and sells a range of bottled water products. Spritzer has over 30 years of experience and produces mineral water, drinking water, and flavored water from three plants with a combined annual capacity of 850 million litres. The company is looking to strengthen its market position through capital expenditures and improve operational efficiencies. It also aims to reinforce its leadership in sustainable practices as environmental and social concerns grow among investors.
Juhayna Food Industries - Results Commentary - 1Q2016 - 19 April 2016Omneya El Hammamy
Juhayna Food Industries reported financial results for 1Q2016, with consolidated net profits growing 23.4% year-over-year to EGP 80.4 million. Consolidated revenues increased 27% year-over-year to EGP 1.1 billion, driven by rising sales volumes. Dairy remained the largest revenue contributor at 50% of total revenues. Juhayna has not yet increased prices in 2016 but may do so by 6-12% following other companies. Cost of goods sold will be impacted by a 14.5% currency devaluation in March 2016.
This document analyzes the financial performance of a company over 5 years from 2009-2013 using various ratios and analyses. It summarizes key financial metrics like net income, sales, assets, and liabilities. Trend analyses show sales, costs, profits, and other figures generally increased year over year, with some fluctuations. The document provides a comprehensive review of the company's financial standing and growth over this period.
Ambika Cotton Mills Limited - Equity Research ReportDr. Vijay Malik
Detailed analysis of Ambika Cotton Mills Limited as a potential investment opportunity.
A consistently growing company with decent profitability, run by competent shareholders-friendly management, which is using the cash generated from operations to reduce debt and reward its shareholders. On top of it, the stock is available cheap with good margin of safety.
- Sales up 2.0% to €6.5 billion
- Gross profit margin further improved from 18.6% to 19.4% through stronger focus on higher-margin business
- Major improvement in operating income (EBITDA) from €124 million to €191 million and in net income from loss of €90 million to profit of €22 million
- Net income allows return to dividend distributions, with dividend of €0.20* per share
- kloeckner.i launched as dedicated Group Center of Competence for Digitalization in Berlin
- Further increase in EBITDA** expected for 2015 despite difficult start to year
Figures relate to fiscal year 2014 relative to prior year.
*Proposal to the May 12, 2015 Annual General Meeting.
**Outlook does not include any effects of further restructuring measures in France.
More at http://www.kloeckner.com/en/press-releases-5268.php?langswitched=1
For a german version of the full year results 2014 please visit:
http://www.kloeckner.com/de/index.php
Valero Energy Corporation is an independent petroleum refiner and marketer with operations across three business segments: refining, retail, and ethanol. The company has 16 petroleum refineries located across North America and Europe. Valero has shown steady growth in revenue, earnings, and cash flow in recent years. While subject to volatility from oil prices, the company mitigates risk through diversification and a focus on cost control. The assistant recommends buying 100 shares of Valero given its stable operations, strong cash generation, and upside to a $60 price target.
The document summarizes Halcyon Agri Corporation's 2015 full year financial results. It highlights a volatile natural rubber market environment throughout 2015. While revenue was $994 million, adjusted EBITDA was $49 million due to low natural rubber prices. The company's integration is now complete and it is focusing on harvesting opportunities from its supply chain model. Key financial figures show revenue, gross profit, EBITDA, and operating profit for Q4 and full year 2015. Segment contributions show the processing and distribution segments each contributed around half of sales volume and revenue.
- Malee Group Public Company Limited held an Opportunity Day on February 28, 2017 to present its Q4/2016 performance and business outlook.
- In Q4/2016, sales declined 2% YoY due to slower domestic consumption, while net profit grew 11% YoY through efficiency enhancements and cost reductions. For full-year 2016, sales increased 21% YoY to a record high on growth in both brands and contract manufacturing, while net profit increased 60% YoY.
- Looking forward, the company aims to further develop its brand portfolio and expand exports and contract manufacturing. It also established a new subsidiary, Malee Applied Sciences, to focus on innovation and new product development.
Bharat Petroleum Corporation Ltd. provides a document discussing the company's performance and strategies. It summarizes key financial and operational metrics for fiscal year 2010-2011, including a 21.78 MMT crude throughput, 29.27 MMT in domestic market sales, and a net profit of Rs. 1,635 crore. It outlines strategies such as expanding the retail network, growing the allied retail business, increasing upstream oil and gas investments, and pursuing new refining initiatives to consolidate its market position in India. The presentation concludes by highlighting various international awards and accolades received by the company.
Cabot Oil & Gas Slide Presentation at Merrill Lunch Energy ConferenceMarcellus Drilling News
The slide presentation used by Cabot Oil & Gas at the November 2014 Merrill Lynch Energy Conference in Miami, FL. The slides provide an update on Cabot's Marcellus Shale drilling program in Susquehanna County, PA, along with details on their new and growing Eagle Ford drilling program.
Kemira is restructuring to become a pure-play water company focused on growth markets. It has divested non-water businesses and reorganized operations around key regions. Fit for Growth initiatives have improved profitability and are expected to deliver €60 million in savings by 2014. Kemira is also turning around its Municipal & Industrial segment through a new customer segmentation model, manufacturing optimization, and reduced SKUs. The company aims for an operative EBIT margin of 10% in Municipal & Industrial by 2014.
Nlmk presentation cmd 2015 30 march 2015 (web)Sergey Takhiev
This document summarizes NLMK's Capital Markets Day presentation held on 30 March 2015. It begins with standard confidentiality statements and disclaimers regarding the information presented. The document then outlines NLMK's strategy to achieve $1 billion in annual gains by 2018 through operational efficiency programs and investment projects. It provides an update on progress to date, with 40% of gains already realized in 2014. Key topics covered include operational improvements across NLMK's divisions, a rationalization of its European operations, and revisions to its iron ore expansion plans.
The document provides an economic capsule covering topics in banking and finance, the economy and business, and international and industry news. It discusses Sri Lanka's GDP growth, external sector performance, and deflation. It also analyzes views from the IMF on Sri Lanka and forecasts rising core inflation and monetary policy tightening risks.
Similar to KMLOONG – Fundamental Analysis FY16 (20)
This document provides a fundamental analysis of PBBANK for the financial year 2014. It analyzes various aspects of PBBANK's business such as its profitability, efficiency, asset quality, capital adequacy, growth drivers, and risks. The analysis finds that PBBANK has consistently high profitability and low costs. Its asset quality is also strong with low problem loans. However, it faces risks from margin compression and slowing loan growth. Overall, the document performs a thorough analysis of PBBANK's financial performance and position.
Digital Marketing with a Focus on Sustainabilitysssourabhsharma
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....Lacey Max
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
The Genesis of BriansClub.cm Famous Dark WEb PlatformSabaaSudozai
BriansClub.cm, a famous platform on the dark web, has become one of the most infamous carding marketplaces, specializing in the sale of stolen credit card data.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
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How to Implement a Strategy: Transform Your Strategy with BSC Designer's Comp...Aleksey Savkin
The Strategy Implementation System offers a structured approach to translating stakeholder needs into actionable strategies using high-level and low-level scorecards. It involves stakeholder analysis, strategy decomposition, adoption of strategic frameworks like Balanced Scorecard or OKR, and alignment of goals, initiatives, and KPIs.
Key Components:
- Stakeholder Analysis
- Strategy Decomposition
- Adoption of Business Frameworks
- Goal Setting
- Initiatives and Action Plans
- KPIs and Performance Metrics
- Learning and Adaptation
- Alignment and Cascading of Scorecards
Benefits:
- Systematic strategy formulation and execution.
- Framework flexibility and automation.
- Enhanced alignment and strategic focus across the organization.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
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2. DISCLAIMER
I am NOT an investment advisor nor a financial advisor, and no information provided
here is to be interpreted as a suggestion to buy or sell securities.
You and I may have different opinion, but I respect your opinion.
All figures in MYR and in '000s, except per share data
2
4. SCOPE
• Figures and ratios are based on the figures reported in Annual Report or the latest
Q4 Quarterly Report (QR)
• Unless there is a need, this analysis will not include financial figures reported in Q1,
Q2 and Q3
• I will provide QR result highlights in my blog
• Valuation is not covered in this analysis
• I will provide valuation in my blog.
5. CHANGES
• 22 Jun 2016 – Update the slides with FY16 results
• 26 Jan 2016 – First write up of KMLOONG in PowerPoint format
6. OTHER REFERENCES
• Investment Analysis on Crude Palm Oil Industry – Handout and Data sheets
• To be fair to the people who paid for my workshop, I will just show the high level
comparison between KMLOONG and its peers.
8. BUSINESS PROFILE
• The Group’s operations are divided into two main business segments:
• Plantation - cultivation of oil palm
• Milling - processing and marketing of oil palm products
• The Group owns and operates three palm oil mills which are strategically located
within our plantations in Kota Tinggi, Johor and in Keningau and Telupid, Sabah
• The palm oil mills have a total FFB processing capacity of 1.5 million MT per annum.
10. TOP 5 SHAREHOLDERS
Holder Common Stock Held As At Date
% of Total Shares
Outstanding
SHARIKAT KIM LOONG SENDIRIAN BERHAD 196,907,702 25-Aug-2015 63.3%
TEO CHUAN KENG SDN. BHD. 6,109,900 26-May-2015 2.0%
IOI CORP.BHD 6,087,800 26-May-2015 2.0%
KRISHNAN CHELLAM 5,342,400 26-May-2015 1.7%
KOPERASI POLIS DIRAJA MALAYSIA BERHAD, ASSET
MANAGEMENT ARM 2,800,000 26-May-2015 0.9%
11. OWNERSHIP ANALYSIS
• The shareholder with the largest stake in KMLOONG is SHARIKAT KIM LOONG
SENDIRIAN BERHAD, with a 63% stake
• Institutional funds only owned 2.5% of KMLOONG.
13. ECONOMIC MOATS
• Cost Advantage (Wide)
• Despite fluctuation of CPO prices, KMLOONG managed to maintain gross margin above
19%, and EBITDA margin above 18% since 2009
• Switching Cost (No)
• Too many players in the market
• Network Effect (Not applicable)
• Efficient Scale (Not applicable)
14. ECONOMIC MOATS (CONT.)
• Intangible Asset (Wide)
• Use of high yield germinated seeds, and stringent culling process to select the best yield seedling
• Manual and timely fertiliser application
• Conducts "sense test" every four months to estimate the FFB production of the following quarter
• Hires an experienced manager in each estate size of 5,000 acres to monitor the estate
Successful Agronomic
Management
• Each of KMLOONG's mills is strategically located near to/in the KMLOONG plantation estate and the supply of FFB
• The ample supply of FFB could increase the processing margin while the close proximity to FFB suppliers minimise the transportation time and cost
Strategic Location
• KMLOONG designed or modified internally many of the highly efficient equipment or machineries. They are able to save on PPE cost and thus achieve greater processing margin
while enjoying the exclusivity of their technology
• Developed the world's first palm-pressed fibre oil extraction (PFOE) plant with Eonchem Technology in 2005
Continuous
Innovations
• KMLOONG mills fully process all the by-products of oil palms and even to the extent of making profit out of them besides being environmental friendly
• Uses the solvent extraction technology to extract residual palm oil from palm-pressed fibres to increase the OER by approximately 0.5%
Total Waste
Management
15. ECONOMIC MOATS (CONT.)
26.2%
14.1% 14.1%
17.1%
15.2%
26.6%
12.6%
16.9%
21.8%
10.2%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
2012-01-31 2013-01-31 2014-01-31 2015-01-31 2016-01-31
ROIC & CROIC
ROIC % CROIC %
In the past 5 years, KMLOONG managed to maintain more than 10% of ROIC and CROIC. By
MorningStar’s definition, KMLOONG has a wide economic moat.
16. ECONOMIC MOATS (CONT.)
• Ranking of KMLOONG, in terms of ROIC and CROIC
• If compare to 41 peers in CPO industry – TOP 5 in the past five years
• If compare to peers that produce 300K-700K mt – No. 1 in the past five years.
19. PLANTABLE AREA (CONT.)
596
732
468 461
411
0
100
200
300
400
500
600
700
800
2012 2013 2014 2015 2016
ha
Reserves
The main challenge of KMLOONG in the next few years is to increase its
reserve lands.
20. PLANTABLE AREA (CONT.)
• In FY16, total plantation land holdings stood at 15,905 Ha of which 94% are fully
planted with palms
• From the total planted area, approx. 84% are mature above 6 years old, 8% are
young mature below 6 years old while the remaining 8% are at immature stage
• The plantations are located in the states of Johor, Sabah and Sarawak
• During the year, the Group has replanted about 400 Ha of its oil palm plantation in
Sabah and expects to replant another 1,200 Ha of old palms age 20 years and above
over the next 3 years.
25. CPO EXTRACTION AND EFFICIENCY
(CONT.)
21.81%
22.09% 22.19%
22.39% 22.28%
20.65%
20.50%
20.62%
20.86%
19.50%
20.00%
20.50%
21.00%
21.50%
22.00%
22.50%
23.00%
2012 2013 2014 2015 2016
Oil Extraction Rate – Comparison with Industry Avg.
KMLOONG Industry Average
• OER of KMLOONG is way above industry average
• Top 3 in the industry.
26. CPO EXTRACTION AND EFFICIENCY
(CONT.)
0.00% 5.00% 10.00% 15.00% 20.00% 25.00% 30.00%
Latest OER% by Company
KMLOONG
27. CPO EXTRACTION AND EFFICIENCY
(CONT.)
• In FY16, KMLOONG achieved a throughput of 1.33 million MT of FFB inclusive of the
external crop purchases, an increase of 13% from FY15
• CPO and PK production increased to approximately 297,000 MT and 67,000 MT
respectively in FY16, from 265,000 MT and 60,000 MT in FY15
• The average OER and KER were marginally lower at 22.28% and 5.02% respectively
as compared to 22.39% and 5.09% in FY2015.
32. PROFITABILITY (CONT.)
• Despite bearish CPO prices in the past 5 years, KMLOONG still managed to maintain
its revenue in the range of 150,000 and 195,000
• Its operational excellence protects itself from poor CPO prices
• Even if Its EBIT margin decreased from 20.7% (FY09) to 15% (FY13), but KMLOONG
still managed to maintain EBIT margin at 13% for three years
• The latest EBIT margin of KMLOONG (13.2%) can be rated as Baa.
33. LEVERAGE & COVERAGE
0.21 x
0.34 x
0.45 x
0.40 x
0.34 x
0.00 x
0.10 x
0.20 x
0.30 x
0.40 x
0.50 x
Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
Debt / EBITDA
Debt/EBITDA can be rated as Aa.
34. LEVERAGE & COVERAGE (CONT.)
178.30 x
71.08 x
49.20 x
97.19 x 93.83 x
99.60 x
105.79 x
121.64 x
0.00 x
50.00 x
100.00 x
150.00 x
200.00 x
Jan-09 Jan-10 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
EBITDA/Interest
EBITDA/Interest can be rated as Aa.
35. LEVERAGE & COVERAGE (CONT.)
5.9%
5.6%
7.0% 7.1%
5.8%
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
Jan-12 Jan-13 Jan-14 Jan-15 Jan-16
Debt / Book Capitalization
Debt/Book Capitalization can be rated as Aa.
38. GROWTH DRIVERS
• 11 Jul 2015 - Its wholly owned subsidiary, Winsome Plantations S/B has entered into
a supplemental agreement to the joint venture agreement with Pelita Holdings S/B
to develop approximately 367 hectares of new state land in addition to the
approximately 1,700 hectares of existing state land at Sri Aman Division, Sarawak,
into oil palm plantation together with facilities and the provision of services ancillary
• 30 Jun 2014 - Expansion in Sarawak - Looking into acquiring 12,410ha of land in
Sarawak as the plantation group aims to expand its oil palm business in the state.
39. GROWTH DRIVERS (CONT.)
0
5
10
15
20
25
30
35
40
45
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Development of the world biodiesel market
World biodiesel production World biodiesel trade
Source: OECD-FAO Agricultural Outlook 2015
40. GROWTH DRIVERS (CONT.)
Source: National Centers for
Environmental Information
• El Nino event ranks among three
strongest since 1950
• LMC's Fry says full-blown El Nino could
push prices to $800
• Prediction: A 9% drop in Indonesian
production and 4.5% slide in Malaysian
output on a full-blown El Nino
• Both Indonesia and Malaysia also have
high inventories to cushion the impact
of a shortage
Source: Bloomberg 27 Nov 2015
42. ISSUES/RISKS/CHALLENGES
• FY15 Q3 - Unfavourable outcome of a court case made by some natives against its
subsidiary, Winsome Pelita (Pantu) Sdn Bhd, regarding their customary rights to
land.
• The group has accounted for impairment of assets and provision of contingent liabilities
of RM2.9mil
• Labor shortages
• The CPO price moves in a cyclical manner. In a worst case scenario, KMLOONG, a
net cash company with a low cost of production and an experienced management
team would be able to withstand the turbulence and even take up expansion
opportunities.
44. GOING FORWARD
• I believe that CPO price will remain stable in 2016
• In FY17, an increase in FFB production from young mature area is expected but in
view of the potential effects being caused by El Nino, the FFB production will be flat
while the CPO production could be lower, comparing to the quantity achieved in
FY16.