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易名主要原因是为了让消费者容易联想起公司所提供的产品,并加强品牌宣传活动。

公司业务:食品生产及销售(冷冻食品、面包、素食食品)(FPP and Trading Products)
公司员工人数:350
公司有可能面临的风险:劳工短缺、经济状况改变、原料价格上扬、不可预测的事故犹如停
                               电,自然灾难,政府政策改变,来自国际或本地的竞争对手。
品牌名称:Saudi Gold,Farm Gold
销售地点:各类型超市

根据独立研究团体所提供的资料,显示出冷冻加工食品在大马的食品市场上占有总额RM1,154.8万。而,绍迪集团旗下的产品则占有其市场约5.41%。(market share)

近期进行主要企业活动犹如:
1.通过发附加股筹集750万至1000万资金,其中500万用于偿还银行贷款。
结果:附加股获60.97%超额认购,筹集1050万令吉。其中485.7万令吉已用来添购器材。
根据最新季度报告显示出,其中剩下的100万令吉将用于未来偿还银行贷款。
2.以880万令吉脱售位于双溪毛糯的1万3千718平方米空地(Leasehold)给KFSB。
此脱售计划将取消用于买地而导致拖欠银行总额380万令吉贷款。
减少每年700千银行贷款利息。

公司营业计划:
1.2016下半年所推出的新产品犹如 centre-filled sausages, centre filled burgers, smoked sausages, smoked chicken, ready-to eat sausages. 有“ready-to eat”Labelled的食品是可以在不经过任何烹煮情况下食用。
2.推出“Prince Chef”新品牌。
3.扩增销售至酒店和餐厅。供应旗下产品至大马日本连锁餐厅。
4.与日本企业签了项协议,生产清真牛肉食品。(新产品优势:味道及风味增强,价格与市场
上相似产品较低。)此产品将销售至大马各地及海外。

Prospects :
The financial year ending 31 May 2017 should witness the Group’s new and current products going to markets both locally and abroad. The Group has secured a foothold in Japan for exports of its products and other countries are being strongly targeted. The Group targets the export sector to contribute significantly to the results of the Group within the next 12 months. The Group is also in negotiation with a Japanese organisation on a joint venture to produce a new halal food product to cater to the local and exports market. The product, manufactured under a patented technology, has a significant untapped market both locally and overseas and is also expected to make a significant contribution to the Group’s result when implemented within the coming 12 months

业绩探讨:
营业额:RM34,584,000 (2016) RM43,283,000 (2015) (-21%)
毛利润:RM5,613,000 (2016)   RM5,879,000 (2015) (-4.53%)
毛利润/营业额比率:16.23% (2016) 13.58% (2015) (+19.51%)
主要原因:Change of product composition, increase volume of those high margin product i.e.
              Further Processed Products (FPP) and reduce in trading business i.e. those with low
              margin product.

营业费用:RM4,495,000 (2016) RM5,244,000 (2015) (-14.29%)
根据最新股东大会,increase of director’s fee from RM144,000 to RM217,000。

自4月28号,Mr. Khoo Lay Tat 从公开市场上购买了约3.361%票。(4,033,500)
Average costs per share: $0.288174811

背景:Independent Non-Executive Director of Saudee Group Berhad
              是 Executive Director of Dufu Technoogy Corp. Berhad
              及 Independent Non-Executive Director of P.I.E Industrial Berhad

根据最新年报显示出,69名股东共掌握87.88%有关公司股权。
第三十名持股量最多的股东持有股权:0.44% (2016) 0.25%(2015) (+76%)

Mr.K 增持/减持股票的记录:
DUFU
19/07/2013 Subscription of excess Right Shares       5,000,000        $0.200
19-21/01/2015 Disposal through open market          3,800,000        $0.2974 (Average)
22-26/01/2015 Disposal through open market          1,200,000        $0.30179 (Average)
26-29/06/2015 Purchase through open market           200,000        $0.2825 (Average)
26/01/2016        Purchase through open market           200,000        $0.499
7-8/03/2016 Purchase through open market                600,000         $0.471
Current DUFU’s share price : 0.59

近期买入SAUDEE约3.361%票。(4,033,500)

其中有关以上记录再配以股价图一看,就得知其中奥妙之处。
总结:如果该公司管理层都购入自家公司,就已显示出他个人对该公司抱有良好发展的预期。

个人对SAUDEE的看法:
该公司因从生产底毛利润比率的产品 (Trading Product)转向生产高毛利润比率的FPP (Further processing product),因此该公司的业绩才开始逐渐转亏为盈。预计接下来每个季度盈利约有0.26仙,一年总额1.04仙。
但,2017年PE Ratio 预计是7.453。(卖地得到880万令吉。)
而这还不包括与日本企业一起联营的公司新开发预计12月内上市的清真牛肉食品潜在的利好。

至于有关该股,我个人已观察了整整半年时间后,才做出决定与大家分享。

http://klse.i3investor.com/blogs/InvestmentFA/107558.jsp
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