TOPGLOV 7113 QUARTERLY REPORT 30 NOV 2018

Quarterly Report Review:

收入与去年同期相比增加34.5%主要是销量增长。

该集团加强内部的营运能力和新建的工厂提高使用率促使提升效率和盈利能力但在融资方面的利息成本高导致税前盈利没有增加许多。

该集团位于马来西亚的第32号工厂的第一阶段预计将会在2019年初第一季度完成,第二阶段预计将会在2019年第三季度完成;第33号工厂,第5A号工厂和第40号工厂的第一阶段预计将会在2019年第四季度完成;第40号工厂的第二阶段预计将会在2020年第一季度完成。

该集团位于泰国的第8A号工厂的第一阶段预计将会在2020年第二季度完成。

该集团位于越南的第42号工厂的第一阶段预计将会在2020年第三季度完成。

这些工厂完成是预计生产线会增加148条,年产量148亿只手套。

该集团预计在2020年底的总生产线大约796条,年产量753亿只手套。

该集团的工程,研发部门等利用最新科技和自动化来加强手套生产工艺并确保成本效益和产品质量获得提升。

该集团在12月11号获得The Edge’s Billion Ringgit Club 的认可获得3 年以上最高股本回报奖,3年以上最高利润增长和3年以上最高股东回报率奖项。

该集团对Low Chin Guan, Wong Chin Toh and ACPL的禁令案件会在2019年1月31号进行。

该集团与Adventa Capital在新加坡案件的听证会日期已经确定,而且申请撤销的时间是2019年5月14日至16日。


Reference Price:
17.12.2018
Price: RM 5.74
Rolling EPS: RM 0.3030
PE: 18.94
NTA: RM 0.97
Price/NTA: 5.92
PE*Price/NTA: 112.08
Undervalued: RM 1.93
Fair Value: RM 2.57
Overvalued: RM 3.86


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