【SCIPACK 8125 交流专区】（前名 DAIBOCI）

icy97

耐慕志
发红股改善流动量

2017年4月5日

分析：MIDF投资研究
目标价：2.54令吉

最新进展

耐慕志（DAIBOCI，8125，主板工业产品股）建议以10送2比例，派出高达5464万9171股红股。

同时，该公司以10送1比例，免费派送最多2732万4585张凭单。

主要为了回馈与奖励现有股东持续支持、扩大公司的股票数量，提升公司股票交易的流通，让更多投资者购买该公司股票，以及扩大公司的股东群。

行家建议

在完成派发红股后，预计耐慕志的股本将增至3亿2790万股。

预计凭单的行使价为每张2.50令吉，5年期限。

发行红股能改善耐慕志股票的流动度，因此，我们正面看待这项企业活动。

我们保留耐慕志“中和”投资评级，并按我们的股息贴现模型（DDM），将目标价维持在2.54令吉。

由于公司的基本面不变，因此我们维持今明财年的净利预测。



【e南洋】

icy97

耐慕志首季净利虽跌11% 2017财年业绩表现仍预期走好
Wong Ee Lin/theedgemarkets.com
May 04, 2017 19:54 pm MYT

（吉隆坡4日讯）尽管营业额走高，但耐慕志（Daibochi Plastic and Packaging Industry Bhd）2017财政年首季净利仍下跌11%，主要因为外汇收益减少及原料成本上涨。

该集团2017财年首季（截至2017年3月31日止）净赚577万令吉，低于上财年同季的651万令吉，因外汇收益从同期的137万令吉萎缩至19万4000令吉，加上原料成本大涨、原油价格上涨和令吉走贬。

然而，营业额则年增5%至9412万令吉，同期报8970万令吉，归功于澳洲和东盟区域的出口销量增8%。

耐慕志今日向大马交易所报备，献议派发每股1.32仙的首次中期股息，预计派发360万令吉，派息日定于6月22日。

瞻望未来，虽然首季业绩表现疲软，但耐慕志仍认为，在客户群扩大、交付新出口合约和营运效率提升的情况下，2017财年有望录得增长。

在主要饮食（F&B）和快速消费品（FMCG）公司新合约的带动下，该集团表示，印尼蓬勃发展的消费者市场将使集团出口攀高。

耐慕志指出，该集团已在2017财年首季为印尼一名区域新客户提供消费品包装的服务。

此外，该集团正在为一家跨国公司在印尼试生产快速消费品产品，目标是在今年下半年开始供货。

耐慕志董事经理林树坤在今日的一则文告中指出：“我们努力扩大在世界第四人口最多的国家的客户，同时也有信心印尼出口将成为我们的营业额主要来源。”

“事实上，耐慕志新扩建的第二厂房不仅能满足客户日益增长的需求，还能追求新增长机会。就这一方面来看，我们通过与增长型企业建立更多合作伙伴关系，继续努力扩展区域业务。”

“未来我们也将提高营运效率，相信此举也可带动我们的财务表现。”

耐慕志上周宣布，获得缅甸投资委员会（Myanmar Investment Commission）的批准，与Myanmar Smart Pack Industrial Co Ltd （MSP）成立一家联营公司，在缅甸仰光（Yangon）经营一家软包装厂。

（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	94,116	89,699	94,116	89,699
2	Profit/(loss) before tax	7,435	8,073	7,435	8,073
3	Profit/(loss) for the period	5,768	6,508	5,768	6,508
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,768	6,508	5,768	6,508
5	Basic earnings/(loss) per share (Subunit)	2.12	2.38	2.12	2.38
6	Proposed/Declared dividend per share (Subunit)	1.32	1.45	1.32	1.45
		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 ($$)	0.7100		0.7000

icy97

EX-date	26 May 2017
Entitlement date	30 May 2017
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim single tier dividend of 1.32 sen per share
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	31 May 2017   to   31 May 2017 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 Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date	22 Jun 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	30 May 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	26 May 2017
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	0.0132
Par Value	Malaysian Ringgit (MYR) 0.000

icy97

耐慕志获缅甸投资委会批准
联营公司可开始经营

2017年5月4日
（吉隆坡3日讯）耐慕志（DAIBOCI，8125，主板工业产品股）宣布，联营公司——耐慕志包装（缅甸）有限公司，已获得缅甸投资委员会批准，可开始经营业务。

耐慕志今日向交易所报备，独资子公司耐慕志Flexibles 私人有限公司将会继续完成联营协议，并预计会在1个月内开始正式营运。

去年11月14日，耐慕志Flexibles 与缅甸Smart Pack Industrial 有限公司签署备忘录，在缅甸成立一家联营公司，即耐慕志包装（缅甸）。

耐慕志包装（缅甸）将在缅甸仰光，经营消费者包装生产设施。

耐慕志董事经理林树坤说：“耐慕志包装（缅甸）预计会从今年第三季开始，为耐慕志的业绩带来显著贡献。“

“更重要的是，我们已准备好在今年第三季，开始把产品从缅甸的营运公司，出口至东盟国家。加上公司在大马的厂房，让公司能拥有更广泛的客户群。”

“我们也将利用缅甸当地人口不断增长，及日益发展的经济，扩展当地的销售。”【e南洋】

Type	Announcement
Subject	OTHERS
Description	PROPOSED JOINT VENTURE BETWEEN DAIBOCHI FLEXIBLES SDN BHD AND MYANMAR SMART PACK INDUSTRIAL COMPANY LIMITED
We refer to the previous announcement dated November 14, 2016, in relation to the signing of the Memorandum of Agreement between Daibochi Flexibles Sdn Bhd (“DFlexibles”), a wholly owned subsidiary of Daibochi Plastic And Packaging Industry Bhd and Myanmar Smart Pack Industrial Company Limited to establish a joint venture company in Myanmar.    We wish to announce that DFlexibles was notified on May 3, 2017 that the Myanmar Investment Commission (“MIC”) had approved the joint venture investment proposal on April 28, 2017. With the approval from MIC, DFlexibles will proceed with the completion of the joint venture agreement and we target to officially commence operations in a month’s time. This announcement is dated May 3, 2017.

icy97

耐慕志
缅甸开业加强出口

2017年5月5日

分析：MIDF投资研究
目标价：2.54令吉

最新进展：

耐慕志（DAIBOCI，8125，主板工业产品股）宣布，联营公司——耐慕志包装（缅甸）有限公司，已获得缅甸投资委员会批准，可经营业务。

独资子公司耐慕志Flexibles 将完成联营协议，预计月内营运。

去年，耐慕志Flexibles 与缅甸Smart Pack Industrial 成立联营公司，即耐慕志包装（缅甸），经营消费者包装生产设施。

行家建议：

我们对耐慕志的上述进展感到正面，因为该公司进军缅甸的计划符合进度。

相信上述计划将进一步加强耐慕志的出口宏愿，预计当地的营运成本比我国低，此外，该公司也能获得当地人才。

联营计划也让耐慕志获得新销售及新市场，因为缅甸Smart Pack Industrial 在快速消费品（FMCG）包装拥有优势，这与耐慕志主攻的餐饮包装领域所拥有的优势不同。

我们预计该投资计划，将为耐慕志2017至2018财年的税前盈利，带来正面贡献，分别将增加5%及20%。

根据股息贴现模型（DDM），我们维持评级和目标价。



【e南洋】

icy97

EX-date	09 Jun 2017
Entitlement date	14 Jun 2017
Entitlement time	05:00 PM
Entitlement subject	Bonus Issue
Entitlement description	Bonus issue of up to 54,649,171 new ordinary shares in Daibochi Plastic and Packaging Industry Bhd Berhad ("Daibochil") ("Daibochi Share(s)") ("Bonus Share(s)") to be credited as fully paid-up on the basis of two (2) Bonus Shares for every ten (10) existing Daibochi Shares held as at 5.00 p.m. on 14 June 2017 ("Bonus Issue of Shares")
Period of interest payment	to
Financial Year End
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 Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	14 Jun 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	Ratio
Ratio	2 : 10

icy97

EX-date	09 Jun 2017
Entitlement date	14 Jun 2017
Entitlement time	05:00 PM
Entitlement subject	Bonus Issue
Entitlement description	Bonus issue of up to 27,324,585 new warrants in Daibochi Plastic and Packaging Industry Bhd ("Daibochi") ("Warrant(s)") on the basis of one (1) free Warrant for every ten (10) existing ordinary shares in Daibochi ("Daibochi Share(s)") held as at 5.00 p.m. on 14 June 2017 ("Bonus Issue of Warrants")
Period of interest payment	to
Financial Year End
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 Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	14 Jun 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	Ratio
Ratio	1 : 10

icy97

Profile for Securities of PLC

DAIBOCHI PLASTIC AND PACKAGING INDUSTRY BERHAD

Instrument Category	Securities of PLC
Instrument Type	Warrants
Description	Free Warrants 2017/ 2022 ("Warrant") issued pursuant to the bonus issue of warrants exercise

Listing Date	28 Jun 2017
Issue Date	20 Jun 2017
Issue/ Ask Price	Not Applicable
Issue Size Indicator	Unit
Issue Size in Unit	27,324,377
Maturity	Mandatory
Maturity Date	19 Jun 2022
Revised Maturity Date
Name of Guarantor
Name of Trustee
Coupon/Profit/Interest/Payment Rate
Coupon/Profit/Interest/Payment Frequency
Redemption
Exercise/Conversion Period	5.00   Year(s)
Revised Exercise/Conversion Period
Exercise/Strike/Conversion Price	Malaysian Ringgit (MYR)   2.5000
Revised Exercise/Strike/Conversion Price
Exercise/Conversion Ratio	1:1
Revised Exercise/Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price	Cash
Settlement Type/ Convertible into	Physical (Shares)

icy97

次季派息1仙
耐慕志净利跌17%

2017年8月10日
（吉隆坡9日讯）耐慕志（DAIBOCI，8125，主板工业产品股）截至6月30日次季，净利按年下跌16.97%至504万5000令吉，或每股1.54仙；但仍宣布派息1仙。

耐慕志向交易所报备，次季净利减少是因为营业额下跌，以及1万令吉的外汇亏损；公司于上财年同期录得20万令吉的外汇收益。

同期营业额也下跌10.51%，从上财年同期的9703万3000令吉，减至8683万6000令吉。

“主要客户在菲律宾的生产线短暂失常，导致出口营业额较低，同时也让公司次季营业额减少。不过，该客户的生产线如今已恢复营运。”

累计首半年，净利按年减少14.07%，至1081万3000令吉；同期营业额则跌3.10%，至1亿8095万2000令吉。

同时，耐慕志也宣布派发每股1仙的股息，除权日期是本月25日，而支付日期则落在下个月20日。

缅甸厂房投产

另一方面，耐慕志位于缅甸的消费者包装厂房，在上个月1日开始营运；该厂房是耐慕志首次在海外设立的制造设施。

上述厂房是由持股60%的子公司——耐慕志包装公司（DPM）所营运。

耐慕志董事经理林树坤通过文告表示：“在公司的技术能力、产品质量及为领先跨国品牌提供服务的过去记录，我们有信心DPM将会在明年底，可贡献20%的营业额。”

“有了DPM的新贡献，及即将为2个跨国客户在印尼供应产品，预计耐慕志今年下半年的营运效率会更好。”【e南洋】

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	86,836	97,033	180,952	186,732
2	Profit/(loss) before tax	6,653	7,428	14,088	15,501
3	Profit/(loss) for the period	5,045	6,076	10,813	12,584
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,045	6,076	10,813	12,584
5	Basic earnings/(loss) per share (Subunit)	1.54	1.86	3.30	3.84
6	Proposed/Declared dividend per share (Subunit)	1.00	1.33	2.32	2.78
		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 ($$)	0.6000		0.5800

icy97

EX-date	25 Aug 2017
Entitlement date	29 Aug 2017
Entitlement time	04:00 AM
Entitlement subject	Interim Dividend
Entitlement description	Interim single tier dividend of 1.00 sen per share
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	30 Aug 2017   to   30 Aug 2017 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 Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date	20 Sep 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	29 Aug 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	25 Aug 2017
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	0.01

icy97

耐慕志
下半年有惊喜

2017年8月10日

分析:MIDF研究
目标价:2.51令吉

最新进展:

耐慕志（DAIBOCI，8125，主板工业产品股）截至6月杪次季，净利按年跌16.97%至504万5000令吉，或每股1.54仙；但仍宣布派息1仙。

次季净利减少，归咎于营业额下跌及1万令吉的外汇亏损。次季营业额下跌10.51%，达8683万6000令吉。

累计首半年，净利按年减少14.07%，至1081万3000令吉；营业额则跌3.10%，报1亿8095万2000令吉。

行家建议:

耐慕志首半年业绩大部分符合预期，净利和营业额各占全年预测的38.3%和45%。

我们估计，耐慕志下半年表现会强劲，因印尼的2个跨国客户及缅甸的正面贡献，料会在本财年末季开始贡献。

另外，持股60%的缅甸子公司——耐慕志包装（DPM），已在7月1日投入营运。

因此，该公司一直积极在缅甸攫取新合约，同时也正寻求新的饮料贴标业务。

DPM预计在第三季，开始出口给耐慕志在大马对价格敏感的客户。

预计这将正面贡献DPM本财年的增长及推动耐慕志下半年表现走挺。在等待汇报会之际，我们维持净利预测。



【e南洋】

icy97

2312万扩建缅甸厂房
耐慕志海外营收上看4亿

2017年9月17日
（吉隆坡16日讯）耐慕志（DAIBOCI，8125，主板工业产品股）将投资550万美元（约2312万2000令吉）扩大缅甸厂房，在国外销售提振之际，预计今年营业额超过4亿令吉。

耐慕志执行董事刘锦伟（译音），接受《日经亚洲评论》时这么说。

他指出，东南亚经济体的塑料包装销售激增，如菲律宾和印尼，这符合不断增长的即食食品需求。

耐慕志冀望2020年，缅甸销售额占总营业额三分之一。

“我们的目标是在未来2至3年，成为缅甸最大的业者。”

目前，耐慕志超过一半的产量，主要出口至邻近的东南亚国家，因经济快速增长，推动需求扩增。

另外，耐慕志持股60%的缅甸联营公司——耐慕志包装公司，已在7月1日，开始进行制造和销售消费产品包装。

刘锦伟指出，缅甸的劳动成本比我国低，这将有助推动产品的净利赚幅翻倍增长。

去年，耐慕志净利跌8.24%至2451万8000令吉；营业额则起7.6%至3亿7115万8000令吉，而净利赚幅从2015年的7.7%，收窄至6.6%。

惟刘锦伟预计，净利赚幅会在第三季反弹，并料印尼的三位新客户，提振明年营业额。【e南洋】

icy97

Date of change	01 Oct 2017
Name	MR LOW CHAN TIAN
Age	62
Gender	Male
Nationality	Malaysia
Designation	Director
Directorate	Executive
Type of change	Retirement
Qualifications	Bachelor of Engineering
Working experience and occupation	He has extensive experience in manufacturing, property development, business and finance.
Family relationship with any director and/or major shareholder of the listed issuer	Mr Low is the father of Mr Low Geoff Jin Wei, who is an Executive Director of the Company.
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Shares:Direct interest -  33,847,461 Warrants:Direct interest -  2,820,621

icy97

Date of change	01 Oct 2017
Name	DATUK WIRA WONG SOON LIM
Age	63
Gender	Male
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Retirement
Qualifications	Professional qualification from the Institute of Chartered Secretaries and Administrators
Working experience and occupation	He has extensive experience and knowledge in the field of accounting, finance, consultancy, corporate finance, manufacturing and property development.
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Shares:Direct interest - 16,840,345 Indirect interest - 2,217,616 Warrants:Direct interest - 1,403,362Indirect interest - 97,068

icy97

Date of change	01 Nov 2017
Name	MR P. JAMES EDWIN A/L LOUIS PUSHPARATNAM
Age	61
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Retirement
Qualifications	Bachelor of Science (Hons.) in Civil EngineeringBachelor of Law (Hons.)
Working experience and occupation	Advocate and Solicitor of the High Court of Malaya
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct interest in the securities of the CompanyShares - 27,129 Warrants - 2,260

icy97

Date of change	01 Nov 2017
Name	MR HENG FU JOE
Age	37
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Others
Description	Appointment as Chairman of the Board
Qualifications	Chartered Accountant of the Malaysian Institute of AccountantsFellow member of the Institute of Chartered Accountants, AustraliaChartered member of the Institute of Internal Auditors, MalaysiaCPA and Approved Auditor with the Kampuchea Institute of Certified Public Accountants and Auditors, CambodiaBachelor of Commerce (Major in Accounting and Finance), University of Western Australia
Working experience and occupation	Manager of RSM Bird Cameron Partners (2001 to 2005)Finance Analyst of Golden Sachs International, London, United Kingdom (2006 to 2007)Currently a Partner of Baker Tilly, Malaysia

icy97

Type	Announcement
Subject	OTHERS
Description	REVISED DIVIDEND POLICY
Reference is made to the announcement dated 26 July 2012 and 17 November 2009. Effective financial year ending 31 December 2017 (FY2017), the Group’s dividend policy would be revised to distribute no less than 60% of Group’s net profit to shareholders, excluding net profit contributions from Daibochi Packaging (Myanmar) Company Limited (Daibochi Myanmar). The dividend is to be paid on a quarterly basis. This is in line with the Group’s intention to enable Daibochi Myanmar to reinvest its earnings, at least over the next two years, into the operations in order to expand its scope of works and establish a stronger foothold to capture the potential in the Myanmar and South East Asian region. The Group will review the dividend policy as and when appropriate, taking into account the progress and prospects of Daibochi Myanmar and other opportunities. This announcement is dated 20 November 2017.

icy97

耐慕志第三季派息1.15仙

2017年11月21日
（吉隆坡20日讯）耐慕志（DAIBOCI，8125，主板工业产品股）截至九月杪第三季，净利按年扬20%至721万5000令吉或每股2.2仙，派息1.15仙。

该公司今日向交易所报备，营业额按年攀升8.5%至1亿203万4000令吉。税前盈利赚幅，也从上财年同期的7.6%，增至10.3%。

缅甸厂房于七月投产，带来645万令吉营业额和185万令吉税前盈利，赚幅则是28.6%。

逾60%净利派息

累计九个月，净利按年微减3%至1802万8000令吉；营业额则几乎持平，录得2亿8298万6000令吉。

耐慕志将在12月28日，派发每股1.15仙中期股息，除权日和享有权益日，分别落在12月5日及7日。

另外，该公司调整股息政策，派息率依然是每季度至少60%，但不包括缅甸子公司的净利。

该公司解释，至少未来两年，耐慕志缅甸将盈利重新投入营运，扩大工程范围和地位，捕捉缅甸和东南亚区域的潜能。【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	102,034	94,066	282,986	280,798
2	Profit/(loss) before tax	10,482	7,181	24,570	22,682
3	Profit/(loss) for the period	7,772	6,003	18,585	18,587
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,215	6,003	18,028	18,587
5	Basic earnings/(loss) per share (Subunit)	2.20	1.84	5.50	5.68
6	Proposed/Declared dividend per share (Subunit)	1.15	1.32	3.47	4.10
		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 ($$)	0.7200		0.5800

icy97

EX-date	05 Dec 2017
Entitlement date	07 Dec 2017
Entitlement time	04:00 AM
Entitlement subject	Interim Dividend
Entitlement description	Interim single tier dividend of 1.15 sen per share
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	08 Dec 2017   to   08 Dec 2017 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 Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date	28 Dec 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	07 Dec 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	05 Dec 2017
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	0.0115

icy97

耐慕志末季业绩更强劲

2017年11月22日

分析：MIDF研究
目标价：2.51令吉

最新进展：

耐慕志（DAIBOCI，8125，主板工业产品股）截至九月杪第三季，净利按年扬20%至722万令吉，或每股2.2仙，营业额按年攀升8.5%至1亿203万令吉，归功于缅甸厂房于七月投产，带来645万令吉营业额和185万令吉税前盈利，赚幅则是28.6%。

累计九个月，净利按年微减3%至1803万令吉；营业额则几乎持平，录得2亿8299万令吉。

行家建议：

耐慕志在首9月业绩符合我们和市场的预期；预计末季的表现会强劲，归功于印尼新客户的订单。

耐慕志的大马厂房，在第三季税前盈利赚幅为9%，按年和按季分别上涨1.4百分点和1.3百分点。

我们相信赚幅能够进一步提高，因为该公司正精简化生产线和提高自动化。

耐慕志持股60%的缅甸子公司——耐慕志包装（DPM），营运成本低，第三季赚幅为28.6%，料能够为耐慕志贡献更多增长动力。

在等待分析员汇报会之际，我们维持净利预测不变，保留“买入”评级和2.51令吉目标价。



【e南洋】




缅甸联营业务启动．耐慕志末季业绩料获提振

（吉隆坡22日讯）耐慕志（DAIBOCI，8125，主板工业产品组）第三季业绩符合预期，分析员看好缅甸联营业务启动后，该公司展望将进一步提升。

由于原料成本增加，抵销废弃物减少和营运效率提升的利多，该公司9个月营业额只按年增加0.8%至2亿8300万令吉，净利则持平于1860万令吉，占市场全年预测的66%。

该公司60%缅甸联营公司第三季已投运，税前盈利达195万令吉，占总税前盈利的19%。该联营公司的赚幅高达29%，远高于国内的9%。

调整股息政策至60%

联昌研究和MIDF研究皆看好缅甸业务将提振该公司第四季表现。

该公司第三季派息1.15仙，符合市场预期，今年至今股息达3.47仙。联昌指出，由于缅甸联营公司两年内不可汇出盈利，促使该公司调整股息政策至60%。

该公司净负债比从6月的0.2倍提高到9月的0.35倍，主要是7月初为缅甸项目拨出680万美元（约2900万令吉）。联昌表示，缅甸项目的现金流量稳定，未来可助该公司减少债务。

联昌调整基础财政年后，将耐慕志的目标价从1令吉48仙调至1令吉88仙，惟鉴于本益比已达20.8倍，决定保持“减码”评级。



文章来源：
星洲日报‧财经‧报道：王宝钦‧2017.11.22