【SUPERLN 7235 交流专区】世霸龙

icy97

世霸龙净利翻近2倍

财经新闻 财经  2015-06-28 10:23
（吉隆坡27日讯）世霸龙（SUPERLN，7235，主板工业产品股）截至4月30日末季，净利飙涨197%，归功于制造和贸易业务表现向好，以及外汇转换所得。

根据文告，末季净利报324万1000令吉，或相等每股4.08仙，胜于去年同期的109万2000令吉，或每股1.37仙。

同时，当季营业额从1679万2000令吉，年增24.30%，至2087万2000令吉。

全年方面，净利取得60.33%的涨幅，达938万1000令吉，或每股11.81仙；营业额则报7450万9000令吉，年涨20.59%。

产业重估盈余1792万

另一方面，世霸龙也重估巴生的三项工业产业价值，原本截至4月30日的未审计净账面价值为2035万7000令吉，经重估后达4027万令吉，意味着纳入净递延税项的重估盈余，有1792万3000令吉。

这将会把每股净资产，提高约23仙，至97仙。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2015	30 Apr 2014	30 Apr 2015	30 Apr 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	20,872	16,792	74,509	61,787
2	Profit/(loss) before tax	4,152	1,254	12,554	7,472
3	Profit/(loss) for the period	3,241	1,092	9,381	5,851
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,241	1,092	9,381	5,851
5	Basic earnings/(loss) per share (Subunit)	4.08	1.37	11.81	7.34
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	8.00	1.25
		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 ($$)	1.0067		0.7428

icy97

Type	Announcement
Subject	OTHERS
Description	SUPERLON HOLDINGS BERHAD ("SUPERLON" OR "THE COMPANY")REVALUATION OF LAND AND BUILDINGS
The Board of Directors (“the Board”) of Superlon wishes to announce that the Board has approved the incorporation of the revaluation surplus, net of deferred tax, of approximately RM17.9 million in the Consolidated Financial Statements of Superlon for the financial year ended 30 April 2015. Please refer to the attached file for full text of the announcement. This announcement is dated 25 June 2015.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4784021

Attachments Revaluation Announcement.pdf

icy97

EX-date	20 Jul 2015
Entitlement date	22 Jul 2015
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	An interim dividend of 2 sen per ordinary share of RM0.50 each, tax exempt under single-tier system in respect of the financial year ending 30 April 2016
Period of interest payment	to
Financial Year End	30 Apr 2016
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	Tricor Investor & Issuing House Services Sdn Bhd(formerly known as Equiniti Services Sdn Bhd)Level 17, The Gardens North TowerMid-Valley City, Lingkaran Syed Putra59200 Kuala Lumpur Tel: 603-22643883
Payment date	06 Aug 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	22 Jul 2015
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	0.0200
Par Value	Malaysian Ringgit (MYR) 0.500

pts2222

Insider Asia’s Stock Of The Day: Superlon Holdings
By Asia Analytica / The Edge Financial Daily   | July 6, 2015 : 10:57 AM MYT   
http://www.theedgemarkets.com/my/article/insider-asia%E2%80%99s-stock-day-superlon-holdings

SUPERLON (Fundamental: 3.0/3, Valuation: 2.0/3) manufactures nitrile butadiene rubber (NBR) foam insulation materials for the heating and air conditioning industry. Based in Klang, it exports about 70% of its production, mostly to other Asian countries.  

Last December, the company declared an interim dividend of 2 sen per share and a special dividend of 4 sen per share — compared with total dividends of 3.25 sen for FYApril2014.

This means that dividends totalled 8 sen per share in the past 12 months, translating into an attractive yield of 5.4%.

The higher-than-market average yield generated investor interest in the relatively low-profile manufacturer — its share price has more than doubled since then, to RM1.49 currently.

Besides the generous dividends, its improving financial performance has also not gone unnoticed. After exiting from the loss-making steel pipes division in FY12, the company has turned around, from a net loss of RM0.6 million in FY12 to net profit of RM5.9 million in FY14.

For FY15, net profit climbed 60% to RM9.4 million, lifted by a 21% increase in turnover. Margins expanded on the back of economies of scale and strengthening of the US dollar. The company declared an interim dividend of 2 sen per share for FY2016, which will go ex on 20 July 2015

Stronger operating cash flow enabled the company to pare its debts. It now has net cash of RM11.7 million, a reversal from net debt of RM4.1 million in FY12.  

Going forward, Superlon intends to focus on expanding its domestic and regional market shares as well as strengthen its distribution network. In anticipation of a recovery in global demand, Superlon plans to invest RM12 million in the next two years to expand production capacity.

The stock is trading at a trailing 12-month P/E of 12.6 times — low relative to the 43% earnings growth in FY14 and 60% growth in FY15



This article first appeared in The Edge Financial Daily, on July 6, 2015.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jul 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jul 2015	31 Jul 2014	31 Jul 2015	31 Jul 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	22,106	17,208	22,106	17,208
2	Profit/(loss) before tax	4,999	1,535	4,999	1,535
3	Profit/(loss) for the period	3,856	1,120	3,856	1,120
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,856	1,120	3,856	1,120
5	Basic earnings/(loss) per share (Subunit)	4.86	1.41	4.86	1.41
6	Proposed/Declared dividend per share (Subunit)	2.00	0.00	2.00	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 ($$)	1.0553		1.0067

icy97

世霸龍衝上1個月新高

財經股市30 Sep 2015 23:00
（吉隆坡30日訊）世霸龍（SUPERLN，7235，主要板工業）淨利表現取得3倍成長，並派發每股2仙股息，提振股價一度漲16仙至1.66令吉，改寫一個月新高價位。

世霸龍早盤以1.56令吉開市，隨后持續攀升16仙至1.66令吉一個月新高水平，休市報1.61令吉，起11仙，半日交投63萬7900股。閉市時，該股報1.60令吉，起10仙，成交量113萬5200股。

該公司向馬證交所報備，截至7月底首季淨利取得超過3倍成長，從112萬令吉增至386萬令吉，由旗下製造業務提振。營業額從1721萬令吉，按年攀升28.49%至2211萬令吉。

世霸龍指出，旗下製造業務營業額和稅前盈利，分別達2100萬令吉和500萬令吉，相較去年同期為1520萬令吉和160萬令吉。

該公司指利好匯率波動，提振整體業績成長，並相信在現有產品趨勢下可交出正面2016財年業績表現。【中国报财经】

icy97

Name	MADAM LIU LEE, HSIU-LIN (ALSO KNOWN AS JESSICA H.LIU)
Address	MR 1-15-04 Sri Acapella Service Apartment No. 1 Jalan Lompat Tinggi 13/33 Seksyen 13 Shah Alam 40100 Selangor Malaysia.
NRIC/Passport No/Company No.	300743268
Nationality/Country of incorporation	Australia
Descriptions (Class & nominal value)	Ordinary Share of RM0.50 each
Name & address of registered holder	LIU LEE, HSIU-LIN (ALSO KNOWN AS JESSICA H.LIU)MR 1-15-04 Sri Acapella Service ApartmentNo. 1 Jalan Lompat Tinggi 13/33Seksyen 13 40100 Shah Alam Selangor

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Transferred		02 Oct 2015	3,570,000	1.730

Circumstances by reason of which change has occurred	Direct business deal
Nature of interest	Direct interest
Direct (units)	17,930,274
Direct (%)	22.58
Indirect/deemed interest (units)	7,140,000
Indirect/deemed interest (%)	9
Total no of securities after change	25,070,274
Date of notice	06 Oct 2015

icy97

Type of transaction	Description of Others	Date of change	No of securities	Price Transacted (RM)
Disposed		30 Sep 2015	1,800,000	1.600

Circumstances by reason of which change has occurred	Via married deal
Nature of interest	Benefical owner
Direct (units)	4,368,308
Direct (%)	5.502
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	4,368,308
Date of notice	19 Oct 2015

Notice of Person Ceasing (29C)

SUPERLON HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	MR LIU MAN-TIEN
Address	Lot 2736 Jalan Raja Nong Klang 41200 Selangor Malaysia.
NRIC/Passport No/Company No.	213110135
Nationality/Country of incorporation	China
Descriptions (Class & nominal value)	Ordinary shares of RM0.50 each
Date of cessation	02 Oct 2015
Name & address of registered holder	HLIB Nominees (Asing) Sdn Bhdpledged securities account for Liu Man-Tien

Currency	Malaysian Ringgit (MYR)
No of securities disposed	500,000
Price Transacted ($$)	1.730
Circumstances by reason of which Securities Holder has interest	Via direct deal
Nature of interest	Benefical owner
Date of notice	19 Oct 2015

icy97

世霸龍每股派息3仙
  
2015年12月10日
（吉隆坡10日訊）世霸龍（SUPERLN，7235，主要板工業）截至10月底次季淨利取得雙倍成長，從208萬令吉增130%至480萬令吉，同時每股派息3仙。

該公司營業額亦按年攀升30.7%，從1711萬令吉增至2236萬令吉，由銅製管銷售增加帶動。同時，旗下製造業務在較高營業額和利好匯率因素提振，有較優異表現。

世霸龍上半年淨利交出170%增長，至865萬令吉，對比去年同期為320萬令吉。營業額從3432萬令吉，攀升29.6%至4446萬令吉。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Oct 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Oct 2015	31 Oct 2014	31 Oct 2015	31 Oct 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	22,357	17,109	44,463	34,318
2	Profit/(loss) before tax	5,850	2,965	10,848	4,500
3	Profit/(loss) for the period	4,798	2,081	8,654	3,201
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,798	2,081	8,654	3,201
5	Basic earnings/(loss) per share (Subunit)	6.04	2.62	10.90	4.03
6	Proposed/Declared dividend per share (Subunit)	3.00	6.00	5.00	6.00
		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 ($$)	1.0957		1.0067

icy97

Type	Announcement
Subject	OTHERS
Description	SUPERLON HOLDINGS BERHAD ("SHB" or "the Company")A second interim dividend of 3 sen per ordinary share of RM0.50 each, tax exempt under single-tier system in respect of the financial year ending 30 April 2016
The Board of Directors of SHB wishes to announce that the Directors has on 10 December 2015 approved a second interim dividend of 3 sen per ordinary share of RM0.50 each, tax exempt under single-tier system ("Dividends") in respect of the financial year ending 30 April 2016 to the shareholders of the Company. The entitlement date and date of payment in respect of the Dividends will be determined and announced by SHB in due course. This announcement is dated 10 December 2015.

icy97

SUPERLON HOLDINGS BERHAD

EX-date	14 Jan 2016
Entitlement date	18 Jan 2016
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	A second interim dividend of 3 sen per ordinary share of RM0.50 each, tax exempt under single-tier system in respect of the financial year ending 30 April 2016
Period of interest payment	to
Financial Year End	30 Apr 2016
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	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01 Level 32 Tower A Vertical Business Suite Avenue 3 Bangsar South No. 8 Jalan Kerinchi 59200 Kuala Lumpur Wilayah Persekutuan Malaysia
Payment date	02 Feb 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	18 Jan 2016
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	0.0300
Par Value	Malaysian Ringgit (MYR) 0.500

icy97

Notice of Interest Sub. S-hldr (29A)

SUPERLON HOLDINGS BERHAD

Particulars of Substantial Securities Holder

Name	MR CHAN KENG CHUNG
Address	33A-07 Northshore Gardens Condo Persiaran Residen Desa Parkcity 52200 Kuala Lumpur Kuala Lumpur 52200 Wilayah Persekutuan Malaysia.
NRIC/Passport No/Company No.	710827065125
Nationality/Country of incorporation	Malaysia
Descriptions (Class & nominal value)	Ordinary shares of RM0.50 each
Name & address of registered holder	CHAN KENG CHUNG33A-07 Northshore Gardens CondoPersiaran ResidenDesa Parkcity 52200 Kuala Lumpur

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	03 Feb 2016
No of securities	220,000
Circumstances by reason of which Securities Holder has interest	Open market deal
Nature of interest	Direct
Price Transacted ($$)	1.788
Total no of securities after change
Direct (units)	4,185,000
Direct (%)	5.271
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Date of notice	05 Feb 2016

icy97

買進券商心頭好．世霸龍 料可維持股息派發率
  
2016年2月12日

券商 ：肯納格證券研究
合理價：2.03令吉

儘管世霸龍（SUPERLN，7235，主要板工業）尚未定下股息政策，但基于銷售獲改善，本財年獲利料刷新高，相信在接下來2個財年提供5.1%股息回酬，我們維持“短期買進”評級。

雖然該公司未提供股息政策，不過由于強勁業績表現，在2015財年仍將51%盈利撥出來派發股息回饋股東。該股2015財年的股息達6仙，相等于3.2%股息回酬。

如果該公司能夠持續改善銷售表現，我們有信心該公司有能力維持有關股息派發率。

我們估計，該公司股東將分別在2016和2017財年，同時獲9仙股息，股息回酬為5.1%。

從該公司2016財年上半年取得4450萬令吉營業額，及870萬令吉淨利看來，已達到2015財年營業額的60%比重，及淨利的92.5%比重。

世霸龍管理層指說，公司已實施舉措簡化廠房的運作，改善效率，並提高產量，我們相信這可改善該公司的賺幅。

我們因而相信，該公司2016財年將交出最亮眼的盈利表現。

除了股息有看頭，我們認為該股具吸引力，因為成長前景強勁、可持續性盈利賺幅。

我們維持該股“短期買進”評級，合理價為2.03令吉。【中国报财经】

icy97

世霸龍逾千萬興建新倉庫
  
2016年2月17日
（吉隆坡17日訊）世霸龍（SUPERLN，7235，主要板工業）宣布，將新倉庫建設合約頒發予Total Modern工程私人有限公司（Total Modern Engineering Sdn Bhd），總值1030萬令吉。

世霸龍向馬證交所報備，子公司世霸龍全球私人有限公司（Superlon Worldwide Sdn Bhd）將在巴生雙溪加蒂路（Jalan Sungai Jati）建設新倉庫。

根據報備文件，新倉庫的建設將有助世霸龍擴大旗下儲備設施，加強生產設施的格局，以縮短交貨時間。

世霸龍預計，新倉庫建設將在今年末季完成，並正面貢獻公司未來收益。【中国报财经】

Type	Announcement
Subject	OTHERS
Description	SUPERLON HOLDINGS BERHAD ("SUPERLON" OR "THE COMPANY")CONSTRUCTION OF A NEW WAREHOUSE BUILDING
The Board of Directors of Superlon wishes to announce that its wholly-owned subsidiary, Superlon Worldwide Sdn Bhd is constructing a new warehouse building situated at Lot 2568 Jalan Sungai Jati, Klang Bandar Diraja, Selangor Darul Ehsan, which is adjacent to its existing factory (“the New Warehouse”). The construction of the New Warehouse is awarded to Total Modern Engineering Sdn Bhd for a total contract sum of approximately RM10.3 million inclusive of 6% GST. The New Warehouse is expected to be completed in the 4th quarter of 2016. The construction of the New Warehouse would enable Superlon to expand its storage facilities and improve the layout of its manufacturing facilities. This is expected to reduce the response and delivery time to its customers.The New Warehouse is expected to contribute positively to the Group’s future earnings. The construction will be financed by a combination of bank borrowings and internally generated funds. This announcement is dated 17 February 2016.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Jan 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Jan 2016	31 Jan 2015	31 Jan 2016	31 Jan 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	22,342	19,320	66,805	53,637
2	Profit/(loss) before tax	5,711	3,902	16,560	8,402
3	Profit/(loss) for the period	4,303	2,939	12,957	6,140
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,303	2,939	12,957	6,140
5	Basic earnings/(loss) per share (Subunit)	5.42	3.70	16.32	7.73
6	Proposed/Declared dividend per share (Subunit)	4.00	0.00	9.00	6.00
		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 ($$)	1.1499		1.0067

icy97

EX-date	08 Apr 2016
Entitlement date	12 Apr 2016
Entitlement time	04:00 PM
Entitlement subject	Special Dividend
Entitlement description	A Special dividend of 4 sen per ordinary share of RM0.50 each, tax exempt under single-tier system in respect of the financial year ending 30 April 2016
Period of interest payment	to
Financial Year End	30 Apr 2016
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	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01 Level 32 Tower A Vertical Business Suite Avenue 3 Bangsar South No. 8 Jalan Kerinchi 59200 Kuala LumpurWilayah Persekutuan Malaysia
Payment date	03 May 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	12 Apr 2016
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	0.0400
Par Value	Malaysian Ringgit (MYR) 0.500

哭哭鸟

This gem fits into the high ROIC requirement of i3 sifu KC Chong
Author: smallcapgem2016   |   Publish date: Sun, 19 Jun 2016, 12:02 AM
http://klse.i3investor.com/blogs/Smallcapgem/98206.jsp

        
http://klse.i3investor.com/blogs/kcchongnz/50101.jsp

Computation of ROIC
Using ROIC formula given by value investor and sifu of many i3 bloggers KC Chong, I calculated the ROIC for this gem!
ROIC = NOPAT / IC

NOPAT = Earnings Before Interest & Taxes (Ebit) * (1 - Tax Rate)

IC = Net operating working capital + Property, plant and equipment

Ebit (in thousands)		21068
Tax rate		21.8%
NOPAT		16475
Net working capital		12406
PPL		55478
IC		67884
ROIC=NOPAT/IC		24.3%

The computation shows that the ROIC for this gem is 24.3%, more than twice its WACC. My required return or WACC is 10%, not very high as it has strong profit growth and free cash flows. The ROIC for this gem is higher than most rubber glove stocks.

One thing to look for is that when ROIC is greater than WACC, value is being created for the stakeholders.  When this ratio is less than WACC, value is being destroyed.  On very broad terms, a firm with a higher spread between ROIC and WACC tends to be more valuable than a firm with a lower spread. - KC Chong

In conclusion, this gem created value for the stakeholders and is more valuable than most rubber glove stocks. Let's look at the price of this gem to decide whether it is still undervalued.

        
The stock price just started to move, but quite flat YTD.
Big buyer of shares in this gem last week. Could it be the famous investor? To beat the famous investor is to buy before he becomes a major shareholder!
        
Continuous Growth in Quarterly revenues and profits for past two years! A key requirement for the famous investor. And dividend paid every quarter in FY 2016-4-30!
This gem is the rising star Superlon, a leading insulation material manufacturer.
        

        
For the first nine months of its financial year ending April 30, 2016 (9MFY16),
Superlon's net profit doubled to RM12.96 million or 16.32 sen a share versus RM53.64 million or 7.73 sen a share a year ago. Revenue meanwhile grew by 24.55% to RM66.81 million, from RM53.64 million a year ago. The significant improvement was mainly due to increased efficiency leveraging on better machinery and higher volumes. (MIDF Research)

        Balance sheet analysis

        SUPERLON has a super-strong balance sheet! With current ratio of 5 times and net cash position of RM 27.3 mil.

        

Huge growth potential

According to Panasonic, demand for airconds are expected to increase 120% in second quarter of the year. This is great news for SUPERLON. It has the largest market share, 55% to 60% of domestic rubber thermal insulation industry.

To cope with huge demand, SUPERLON is expanding production capacity and building a new 70,000 square feet warehouse next to its existing factory.

        

               

Concluding Remarks

Superlon will announce Quarter 4 result this month. Based on historical data, Quarter 4 is the best quarter!

If you annualise the past 3 quarter EPS, you will arrive at EPS of 21.76 sen for FY2016. At current price of RM2.09, prospective PER is 9.6 times. This PER is low compared to other rubber-product stocks where PER is 15 to 25 times.

This also fits into the requirement of KC Chong and the famous investor, PER less than 10 times! Based on the high ROIC of 24.3%, Superlon deserves higher PER valuation.

A final dividend of 3 Sen per share in 4Q FY16 will bring total dividend to 12 Sen per share or dividend yield to 5.7%, highest in the industry.

If you input a lower PER of 13 times for its smaller market capitalisation, fair value for SUPERLON is RM2.82, a big 35% upside!

Big buyers are accumulating...Looks set to cross RM2.30 by end of this month!

        

Information is for educational and informational purposes only and is not be interpreted as financial advice. This does not represent a recommendation to buy, sell, or hold any security. Please consult your financial advisor.

Superlon - a potential replication of Ulicorp (closed at Rm6.10 last Friday)
        

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Apr 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Apr 2016	30 Apr 2015	30 Apr 2016	30 Apr 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	23,606	20,872	90,411	74,509
2	Profit/(loss) before tax	4,802	4,152	21,362	12,554
3	Profit/(loss) for the period	3,703	3,241	16,660	9,381
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,703	3,241	16,660	9,381
5	Basic earnings/(loss) per share (Subunit)	4.66	4.08	20.98	11.81
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	9.00	6.00
		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 ($$)	1.1265		1.0067

icy97

SUPERLON HOLDINGS BERHAD

EX-date	13 Jul 2016
Entitlement date	15 Jul 2016
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	An interim dividend of 2.5 sen per ordinary share of RM0.50 each, tax exempt under single-tier system in respect of the financial year ending 30 April 2017
Period of interest payment	to
Financial Year End	30 Apr 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	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	04 Aug 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	15 Jul 2016
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	0.025
Par Value	Malaysian Ringgit (MYR) 0.500

icy97

拥强劲现金流扩建仓库‧世霸龙明后年财测看俏

（吉隆坡27日讯）世霸龙控股（SUPERLN，7235，主板工业产品组）2016财政年盈利表现超越市场预期，加上拥有强劲现金流以扩建仓库，获分析员看好2017及2018财政年盈利表现。

业绩超预期

世霸龙控股2016财政年盈利按年增长77.55%至1666万令吉，表现超越预期，相等于MIDF研究全年财测的124%及市场全年财测的116%。

MIDF研究说，受销量增加及获得更好的汇率所推动，该公司截至2016年4月30日止末季盈利按年增长14.2%至370万令吉，核心税前盈利赚幅也由前季的23%增长至23.8%。

该行说，世霸龙控股拥有强劲现金流，约2435万令吉，将有助于该公司在其工厂毗邻扩建新的仓库，预计费用约1200万至1400万令吉之间。

该行认为，该计划将能促使世霸龙控股更有效率及增加30%产能，并能在2018财政年贡献正面盈利。

MIDF研究预测该公司在高核心税前盈利赚幅下，2017财政年盈利将能由1430万令吉增加至1616万令吉，并调高每股盈利至20.36仙。

该行认为该公司能在充满挑战的环境下，维持销售额的增长，并维持核心税前盈利赚幅及盈利增长，同时相信管理层能够维持强劲的现金流。

MIDF研究基于世霸龙控股于2017财政年12倍本益比交易，提高合理价至2令吉50仙，惟没有给予评级。

文章来源：
星洲日报‧财经‧报道：刘玉萍‧2016.06.27