Wednesday, May 24, 2017

报告写到。。天花龙凤。。。。。吹水到。。。越看越傻海。。。。这些分析像垃圾。。。傻海报告

专家说值得8

那天收到利卖蛇,就是股票经纪的电邮

如下:
周一 5/22, 8:16


 DKSH reported RM13.4m profit in 4Q16, +32.6% yoy & +146.2% qoq. This brings its full year 2016 profit to RM50.5m, +37% yoy. If we adjust the one-off impairment on receivables of rm15m in 2016, the full year core profit +70% yoy, translating to a record core profit of RM62m (13.4x FY16 PE).


以上的话

就引君入瓮了。。。。。

Since its inception, DKSH has never record core profit of more than RM60m p.a. This is literally a record year for the company. 


Its operating cash flow return to positive and the company closed the account with RM42.9m net cash as at FY16. This helps to clear the air as some investors were worry about the "deteriorating" cash flow in 3Q16.

Management's tone on 2017 outlook is upbeat vs cautious view on 2016 when IR reported its 4Q15 results in 2016. Organic growth for the revenue was at high single digit in 2016, after adjusting for the impact of change of clientele for telco prepaid card.

Going forward, the co is expected to continue to grow its revenue at mid to high single digit, while profit is expected to grow at 3x of its top line growth.


盈利增加3倍???

这样的行情。。。。。。

乐观到。。。。

可能吗?

你会。高兴


马上去入场。。。

最后, 你

相信了

买了入场了

可能到8元吗?

合理价格是8元


可能吗?。。。。




Assuming 20% core profit growth in 2017, DKSH is trading at 11x FY17 PE, or 8.2x PE if you exclude the net cash and net working capital (RM457m) as at FY16. Again, for a distributor of healthcare and fmcg products, net working capital is as good as cash and that serves as a basis for the high teens PE multiples that most of the dominant distributor trading at, including DKSH Swiss which is trading at 20x fy17 PE.

By valuing the co at 17x FY17, the fair value would be RM8.00.




vvvvvvvvv

这种写法

就是

误导性


因为

EPS  跌了

没有说






盈利比之前差


避开了





目前的行情越来越不行。。。


业绩不可能再好


只会变差

去市面上看看


DKSH
代理的产品。。。。


就知道


生意难做。。。。。。。。

Quarterly rpt on consolidated results for the financial period ended 31 Mar 2017

DKSH HOLDINGS (MALAYSIA) BERHAD

Financial Year End31 Dec 2017
Quarter1 Qtr
Quarterly report for the financial period ended31 Mar 2017
The figureshave not been audited

Attachments

  • Default Currency
  • Other Currency
Currency: Malaysian Ringgit (MYR)

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
1Revenue
1,369,668
1,332,797
1,369,668
1,332,797
2Profit/(loss) before tax
13,509
15,679
13,509
15,679
3Profit/(loss) for the period
10,046
11,270
10,046
11,270
4Profit/(loss) attributable to ordinary equity holders of the parent
10,046
11,270
10,046
11,270
5Basic earnings/(loss) per share (Subunit)
6.37
7.15
6.37
7.15
6Proposed/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
7Net assets per share attributable to ordinary equity holders of the parent ($$)
2.9705
3.3686

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
CountryBase UnitSubunit
MalaysiaRinggitSen
United StatesDollarCent
United KingdomPoundPence



Announcement Info

Company NameDKSH HOLDINGS (MALAYSIA) BERHAD
Stock NameDKSH
Date Announced24 May 2017
CategoryFinancial Results
Reference NumberFRA-16052017-00023

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5908


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