KOSSAN 7153 QUARTERLY REPORT 31 MARCH 2018
Quarterly Report Review:
收入减少是因为天然气成本提高并成本转嫁给消费者的时间滞后。
现金从两亿一千多万减少至一亿五千多万。
长期借贷从一亿八千多万减少至一亿七千多万。
短期借贷从一亿六千多万增加至两亿多万。
该集团的所有工厂的生产线全部运行除了第16号工厂在2017年12月开始运行。
第16号工厂将会专注在丁晴手套并会高度使用自动化来降低依赖劳力。
第17号工厂预计将会在2018年第三季度完成而第18号工厂预计会在2019年第一季度完成。
这两家新工厂预计每年将会生产45亿只丁晴手套。
该集团在霹雳买下一块土地来扩张手套工厂并预计需要6到8年的时间完成。
那块土地的位置有良好的连通性在天然气，水和电力。
Reference Price:
24.05.2018
Price: RM 7.07
Rolling EPS: RM 0.284
PE: 24.89
NTA: RM 184
Price/NTA: 0.038
PE*Price/NTA: 0.96
Undervalued: RM 25.70
Fair Value: RM 34.20
Overvalued: RM 51.30
Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.
收入减少是因为天然气成本提高并成本转嫁给消费者的时间滞后。
现金从两亿一千多万减少至一亿五千多万。
长期借贷从一亿八千多万减少至一亿七千多万。
短期借贷从一亿六千多万增加至两亿多万。
该集团的所有工厂的生产线全部运行除了第16号工厂在2017年12月开始运行。
第16号工厂将会专注在丁晴手套并会高度使用自动化来降低依赖劳力。
第17号工厂预计将会在2018年第三季度完成而第18号工厂预计会在2019年第一季度完成。
这两家新工厂预计每年将会生产45亿只丁晴手套。
该集团在霹雳买下一块土地来扩张手套工厂并预计需要6到8年的时间完成。
那块土地的位置有良好的连通性在天然气，水和电力。
Reference Price:
24.05.2018
Price: RM 7.07
Rolling EPS: RM 0.284
PE: 24.89
NTA: RM 184
Price/NTA: 0.038
PE*Price/NTA: 0.96
Undervalued: RM 25.70
Fair Value: RM 34.20
Overvalued: RM 51.30
Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.
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