【PANAMY 3719 交流专区】Panasonic制造

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Panasonic末季净利跌26% 原料成本增加 拟派息1.02令吉
Ahmad Naqib Idris/theedgemarkets.com
May 30, 2017 20:31 pm MYT

（吉隆坡30日讯）Panasonic Manufacturing Malaysia Bhd 2017财政年末季净利按年下跌26%至2677万令吉，相比上财年同季的3621万令吉，归咎于原料成本增加。

2017财年末季（截至2017年3月31日止）营业额按年下滑1%至2亿4731万令吉，同期营收报2亿4973万令吉。

此外，该集团也献议派发每股1.02令吉的终期股息，惟必须先获得股东的批准，而去年同期则派发1.24令吉的股息。

Panasonic表示，由于中东区域的销量下降，从而令集团2017财年末季的家用电器营业额减低，但国内和其他亚洲市场的销量却增加。

该集团指出，原料成本上涨持续冲击家电业务，这些原料包括钢铁、铜、树脂等主要零件，因而推高营运成本。

与此同时，鉴于南美等区域的主要房屋发展项目带动销量，Panasonic的风扇产品销量略微走升。

总结2017财年的业绩表现，Panasonic全年净赚1亿2712万令吉，同期报1亿4690万令吉，跌幅为13%。

合共4季营业额报11亿2000万令吉，高于同期录得的10亿9000万令吉，增幅为3%。

“劳动力市场紧张、原料价格上涨和外汇兑换率波动皆影响本集团的业务运作。尽管如此，集团仍对经济前景抱持谨慎乐观的态度，并正面看待集团的未来前景。”

该集团将继续致力于削减生产成本，以提高生产力及2018财年的盈利水平。

（编译：倪嫣鴽）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	247,314	249,730	1,122,964	1,086,735
2	Profit/(loss) before tax	26,360	38,308	158,099	185,172
3	Profit/(loss) for the period	26,765	36,210	127,118	146,900
4	Profit/(loss) attributable to ordinary equity holders of the parent	26,765	36,210	127,118	146,900
5	Basic earnings/(loss) per share (Subunit)	44.00	60.00	209.00	242.00
6	Proposed/Declared dividend per share (Subunit)	102.00	124.00	15.00	139.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	13.5300		12.8300

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PANAMY
电饭锅吸尘机撑业绩

2017年6月20日

分析：丰隆投行
目标价：43.2令吉

最新进展

PANAMY（PANAMY，3719，主板消费产品股）电饭锅业务在2017财年亏损800万令吉，主要是为了提高生产效率的开支。管理层表示，生产活动已经改善，该业务将会在2018财年达到收支平衡。

吸尘机在中东销售，因为区域政治而大跌，但公司看好2018财年首季将会强势恢反弹，远超预期。

据《日经亚洲评论》年初曾报道，松下集团已停止在北美的吸尘机制造业务，因此接下来的北美区域将由PANAMY负责。

行家建议

由于成本走高，PANAMY在今年4月调高售价约5%。

此外，公司的拓展计划是为了提高当前产品的产量，有可能会将海外的产品转到大马生产。

因此，随着电饭锅业务能在2018财年转盈为亏，加上吸尘机销售的重拾活力，以及售价调高，我们预计能抵消成本上涨的不利。

不过，令吉走强可能会拖慢出口销售的增长。

无论如何，PANAMY拥有稳健的盈利纪录、产能扩大后的增长空间庞大、每股9.92令吉的舒适净现金，以及可观周息率。

我们认为，目前股价处于被低估的状态，17倍的本益比与区域其他同行相距不远。

维持“买入”的投资评级，和43.20令吉的目标价格。



【e南洋】



电饭煲业务转盈．松下电器前景有看头

（吉隆坡19日讯）松下电器（PANAMY，3719，主板消费品组）电饭煲业务有望转亏为盈，加上吸尘机销售触底反弹，分析员对集团2018财政年前景更有憧憬，但忧虑强势马币恐稀释出口赚益。

丰隆研究与松下电器管理层会晤，并对集团前景感到正面，主要是电饭煲业务有望转亏为盈，同时吸尘机销售也出现反弹，带动集团进一步扩大国内家庭电器市场占有率。

“虽然原料价格显著增长，推高松下电器生产成本，但为应对高生产成本压力，集团管理层透露已从今年4月起调高售价约5%。”

该行指出，松下电器产能扩充计划意在拉高现有产品产量，但不排除母公司可能将其他海外产线转移至大马的可能性。

MIDF研究指出，基于高营运成本，松下电器2017财政年家电业务盈利表现落后，但相信随着电饭煲业务转亏为盈，以及吸尘机销售反弹，2018财政年财务表现将有所改善。

“不过，政府电风扇组装工程减少，可能导致今年电风扇销售趋缓。”

海外销售占60%

值得一提的是，松下电器现高达60%销售来自海外市场，因此强势马币将削弱其外汇盈余，但铝和铜价近期上扬，将减少对马币升值减低原料采购成本的利多，因此MIDF研究对集团前景持“中和”态度，维持其财测不变。

与此同时，截至2017财政年第四季，松下电器现金达到6亿零243万令吉，相等于总资产的60%，而子公司也处于净现金状态，意味着内部借贷可能性不大，但MIDF研究认为，就算松下电器现金储备不断膨胀，其派息率仍会维持在60%不变。



文章来源：
星洲日报‧财经‧报道：洪建文‧2017.06.19

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PANASONIC MANUFACTURING MALAYSIA BERHAD

EX-date	06 Sep 2017
Entitlement date	08 Sep 2017
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Proposed final single tier dividend of 102 sen per ordinary share for the financial year ended 31 March 2017, subject to shareholders' approval at the forthcoming Annual General Meeting
Period of interest payment	to
Financial Year End	31 Mar 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	BOARDROOM CORPORATE SERVICES (KL) SDN BHDLot 6.05, Level 6, KPMG Tower8, First AvenueBandar Utama47800 Petaling JayaSelangorTel:0377201188Fax:0377201111
Payment date	25 Sep 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	08 Sep 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	1.02

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	327,846	297,789	327,846	297,789
2	Profit/(loss) before tax	50,260	49,840	50,260	49,840
3	Profit/(loss) for the period	39,576	38,303	39,576	38,303
4	Profit/(loss) attributable to ordinary equity holders of the parent	39,576	38,303	39,579	38,303
5	Basic earnings/(loss) per share (Subunit)	65.00	63.00	65.00	63.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	14.1800		13.5300

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原料涨消费低．松下电器赚幅承压

（吉隆坡6日讯）松下电器（PANAMY,3719,主板消费品组）首季净利扬3.3%，至3960万令吉，分析员认为原料上涨与消费情绪走低或冲击未来业绩，惟会采取具体步骤抵销赚益受压。

MIDF研究预测次季波斯湾政治波谲云诡、经济前景阴霾、出口表现受阻或放缓。国内业务料继受马币波动促使原料成本走高，国内高家债也令买气或多或少受冲击。

然而，MIDF也相信松下会继续努力减少生产成本、增强生产力，进而捎来令人满意的全年业绩。

丰隆研究也认为原料成本上涨，未来会压缩该公司盈利与赚益。不过，这要看其他更高赚益产品，是否有助抵销赚益侵蚀作用。

丰隆指出，饭煲无需发展与器械开销、美国吸尘器销售大增，皆有助抵销上述赚益受压。

由于家电营收增长11.4%驱动（越南与中东购买力改善），松下首季营收按年扬10.1%，至3亿2780万令吉；赚益跌0.3%，至15.4%。

联号公司则亏损，相比前期盈利300万令吉，本季缺发展与器械费，亦是高盈利因素之一。

同期归咎原料与高营运开销，风扇与其他产品赚益按年走低1.6%，至16.4%。

2018周息率预测达3.9%

丰隆认为，松下产能扩张与每股10令吉23仙健全的净现金情况，2018财政年周息率预测达3.9%。



文章来源：
星洲日报／财经 ‧ 报道：张启华‧2017.09.06

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次季少赚23%
PANAMY派息15仙

2017年11月25日
（吉隆坡24日讯）PANAMY（PANAMY，3719，主板消费产品股）截至9月杪次季，净利按年跌23.19%，录得2364万3000令吉，或每股净利39仙，逊于上财年同季的3078万3000令吉；不过，依然派息15仙。

公司向马交所报备，同季营业额也按年跌5.09%，从2亿9241万8000令吉，降至2亿7752万9000令吉。

PANAMY点出，次季风扇和其他产品的营业额掉22.2%。不过，随着有更多促销活动的开展，第三季的情况已有所改善。

半年赚6322万

合计首半年，PANAMY取得6321万9000令吉净利，年挫8.49%；而营业额则扬2.57%，报6亿537万5000令吉。

另一方面，PANAMY宣布派发每股15仙的中期股息，除权日和享有权日分别落在12月26日和12月28日，将在明年1月18日支付股息。

PANAMY指出，营运方面仍会持续受到劳工人员短缺和原材料走高的影响，因此将继续减低生产成本，务求在2018财年继续获利。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2017	30 Sep 2016	30 Sep 2017	30 Sep 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	277,529	292,418	605,375	590,207
2	Profit/(loss) before tax	31,560	42,162	81,820	92,002
3	Profit/(loss) for the period	23,643	30,783	63,219	69,086
4	Profit/(loss) attributable to ordinary equity holders of the parent	23,643	30,783	63,219	69,086
5	Basic earnings/(loss) per share (Subunit)	39.00	51.00	104.00	114.00
6	Proposed/Declared dividend per share (Subunit)	15.00	15.00	15.00	15.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	13.5500		13.5300

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EX-date	26 Dec 2017
Entitlement date	28 Dec 2017
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim Single Tier Dividend of 15 sen per ordinary share for the financial year ending 31 March 2018
Period of interest payment	to
Financial Year End	31 Mar 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	BOARDROOM CORPORATE SERVICES (KL) SDN BHDLot 6.05, Level 6, KPMG Tower8, First AvenueBandar Utama47800 Petaling JayaTel:0377201188Fax:0377201111
Payment date	18 Jan 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	28 Dec 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.15

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松下电器业绩逊色

（吉隆坡27日讯）松下电器（PANAMY，3719，主板消费品组）最新业绩逊色。

MIDF研究表示，松下电器2018财年上半年净利2360万令吉，表现落后预期，只占该行全年财测的43.4%。

该公司的家电业务继续强劲成长，但风扇和其它产品则下滑6.3%，因国内需求下跌以及政府安装风扇项目放缓。

该行将松下电器2018财年盈利预测下调5.82%，因为马币走强将影响出口收入，但进口原料成本也将降低。至于2019年财测不变，因预期中东需求回升，以及新增产能将带动营收和盈利成长。

该行保持“中和”评级和目标价为35令吉75仙。



文章来源：
星洲日报‧财经‧2017.11.28

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	317,050	285,443	922,425	875,650
2	Profit/(loss) before tax	50,861	39,737	132,681	131,739
3	Profit/(loss) for the period	42,649	31,267	105,868	100,353
4	Profit/(loss) attributable to ordinary equity holders of the parent	42,649	31,267	105,868	100,353
5	Basic earnings/(loss) per share (Subunit)	70.00	51.00	174.00	165.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	15.00	15.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	14.2500		13.5300

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Date of change	28 Feb 2018
Name	MR TAKAYUKI TADANO
Age	55
Gender	Male
Nationality	Japan
Designation	Executive Director
Directorate	Executive
Type of change	Resignation
Reason	Completed contract of service in Malaysia

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Date of change	01 Mar 2018
Name	MADAM KWAN WAI YUE
Age	50
Gender	Female
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	Bachelor of Accounting, University of Malaya - 1992                                        Member of MICPA (Certified Public Accountant) since 1995                        Member of Malaysian Institute of Accountant
Working experience and occupation	Upon graduation, Madam Kwan Wai Yue ("Mdm Kwan")  joined a Big-4 audit firm in Malaysia as an Audit Assistant in 1992 and was promoted to Audit Senior two years later. The portfolios of client which she audited included large multinational companies and local corporations.In 1995, Mdm Kwan joined a food manufacturing-based public listed company as Accountant and in 2000 was promoted to Financial Controller. Her role as financial controller involved overseeing the accounts department, preparation of financial reports, overseeing all tax and regulatory/compliance issues as well as contributing to decisions regarding financial strategy. Mdm Kwan joined Panasonic Manufacturing Malaysia Berhad in 2007 as Assistant General Manager of Finance Department taking charge of accounting and financial reporting. She was promoted to General Manager in 2009 and her scope of duties expanded to cover overall financial management, treasury and company secretarial functions. In 2013, following her exemplary leadership in strengthening the internal control processes, the Company promoted her to Assistant Director of Finance. In 2015, her scope of work was expanded to overseeing the Legal & Compliance department. She has currently been tasked to oversee the operations of the Information System Department.

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	276,695	247,314	1,199,120	1,122,964
2	Profit/(loss) before tax	33,622	26,360	166,303	158,099
3	Profit/(loss) for the period	25,148	26,765	131,016	127,118
4	Profit/(loss) attributable to ordinary equity holders of the parent	25,148	26,765	131,016	127,118
5	Basic earnings/(loss) per share (Subunit)	42.00	44.00	216.00	209.00
6	Proposed/Declared dividend per share (Subunit)	233.00	102.00	248.00	117.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	14.5100		13.5300

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PANASONIC MANUFACTURING MALAYSIA BERHAD

EX-date	05 Sep 2018
Entitlement date	07 Sep 2018
Entitlement time	04:00 PM
Entitlement subject	Final Dividend
Entitlement description	Proposed final single tier dividend of 133 sen per ordinary share for the financial year ended 31 March 2018, subject to shareholders' approval at the forthcoming Annual General Meeting
Period of interest payment	to
Financial Year End	31 Mar 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	BOARDROOM CORPORATE SERVICES (KL) SDN BHDLot 6.05, Level 6, KPMG Tower8, First AvenueBandar Utama47800 Petaling JayaTel:0377201188Fax:0377201111
Payment date	25 Sep 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	07 Sep 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	1.33

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EX-date	05 Sep 2018
Entitlement date	07 Sep 2018
Entitlement time	04:00 PM
Entitlement subject	Special Dividend
Entitlement description	Proposed special single tier dividend of 100 sen per ordinary share for the financial year ended 31 March 2018, subject to shareholders' approval at the forthcoming Annual General Meeting
Period of interest payment	to
Financial Year End	31 Mar 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	BOARDROOM CORPORATE SERVICES (KL) SDN BHDLot 6.05, Level 6, KPMG Tower8, First AvenueBandar Utama47800 Petaling JayaTel:0377201188Fax:0377201111
Payment date	25 Sep 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	07 Sep 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	1

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	305,568	327,846	305,568	327,846
2	Profit/(loss) before tax	32,959	50,260	32,959	50,260
3	Profit/(loss) for the period	25,139	39,576	25,139	39,576
4	Profit/(loss) attributable to ordinary equity holders of the parent	25,139	39,576	25,139	39,576
5	Basic earnings/(loss) per share (Subunit)	41.00	65.00	41.00	65.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	14.9300		14.5200

icy97

Type	Announcement
Subject	OTHERS
Description	PANASONIC MANUFACTURING MALAYSIA BERHAD REPORTS RESULTS FOR FINANCIAL YEAR ENDED 31 MARCH 2018
A copy of the Press Release dated 24 August 2018 is enclosed.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5893109

Attachments PMMA - Press Release AGM 2018.pdf