PIE 7095 QUARTERLY REPORT 31 MARCH 2019
Quarterly Report Review:
收入与去年同期相比增加4%主要是现有的客户对电子产品制造业（EMS）和线束产品的需求增加，但被电线电缆产品和贸易活动收入减少所抵消。
但净利却减少主要是销售成本提高，拨备转回应收账款的减值及外币收益的减少所致。
该集团表示制造业（EMS）的订单将从现有客户和潜力中稳步增长。
该集团认为中美之间的贸易战将会从海外新客户那里获得更多新的业务订单。
该集团预计2018年一些电子元件严重短缺将会在未来几个月内平稳。
该集团电线电缆制造业务表示将会继续成长并预计其原料铜和PVC的成本会在不久的将来增加。
因此公司将会提高其销售价格以便获得更多保障。
该集团认为未来几年通过设立新的塑料零件和PCB组装的小型设施将会使泰国电缆组装和线束的收入增长。
该集团认为贸易部门在将来不会明显的增长主要是母公司缺乏有吸引力的电子产品。
Reference Price:
24.05.2019
Price: RM 1.41
Rolling EPS: RM 0.0955
PE: 14.76
NTA: RM 1.12
Price/NTA: 1.26
PE*Price/NTA: 18.58
Undervalued: RM 1.17
Fair Value: RM 1.55
Overvalued: RM 2.33
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.
收入与去年同期相比增加4%主要是现有的客户对电子产品制造业（EMS）和线束产品的需求增加，但被电线电缆产品和贸易活动收入减少所抵消。
但净利却减少主要是销售成本提高，拨备转回应收账款的减值及外币收益的减少所致。
该集团表示制造业（EMS）的订单将从现有客户和潜力中稳步增长。
该集团认为中美之间的贸易战将会从海外新客户那里获得更多新的业务订单。
该集团预计2018年一些电子元件严重短缺将会在未来几个月内平稳。
该集团电线电缆制造业务表示将会继续成长并预计其原料铜和PVC的成本会在不久的将来增加。
因此公司将会提高其销售价格以便获得更多保障。
该集团认为未来几年通过设立新的塑料零件和PCB组装的小型设施将会使泰国电缆组装和线束的收入增长。
该集团认为贸易部门在将来不会明显的增长主要是母公司缺乏有吸引力的电子产品。
Reference Price:
24.05.2019
Price: RM 1.41
Rolling EPS: RM 0.0955
PE: 14.76
NTA: RM 1.12
Price/NTA: 1.26
PE*Price/NTA: 18.58
Undervalued: RM 1.17
Fair Value: RM 1.55
Overvalued: RM 2.33
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.
Comments
Post a Comment