TOPGLOV 7113 QUARTERLY REPORT 28 FEB 2018

Quarterly Report Review:

现金从两亿四千多万减少至一亿八千多万。

短期借贷从三亿一千多万增加至五亿三千多万。

长期借贷从六千多万减少至五千多万。

该集团的股息派发从2001年的0.40仙增加到2017年的14.50仙。

盈利贡献最大的是马来西亚的业务,其次是泰国,最后是中国。

收入增加是因为天然橡胶手套和丁晴手套的需求增加。

亚洲和东部的欧洲对保健意识与卫生标准提高将使手套需求增加。

该集团正改进产品的质量和成本并施展工业4.0计划来提高公司的盈利。

该集团的第三十一号工厂预计将会在2018年6月开始营运而第三十二号工厂将会在2019年初开始营运。

这将使该集团的生产线增加了78条和年生产量增加了78亿条手套。

该集团的安全套工厂预计将会在2018年6月开始运行。


Reference Price:
15.03.2018
Price: RM 9.85
Rolling EPS: RM 0.3116
PE: 31.61
NTA: RM 1.68
Price/NTA: 5.86
PE*Price/NTA: 185.33
Undervalued: RM 2.58
Fair Value: RM 3.43
Overvalued: RM 5.15


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