KOSSAN (7153) 高产尼品工业 - KOSSAN 7153 QUARTERLY REPORT 30 SEPT 2018



Quarterly Report Review:

收入与去年同期相比增加主要是手套需求很高。

第十六号工厂已在今年8月全面营运,年产量约30亿只手套。

第十六号工厂拥有高效率,利用高速的浸渍技术,采用自动化来减少依赖人力。

第十七号工厂预计将会在今年11月全面营运,年产量约15亿只手套。

第十八号和十九号工厂正在建造并预计将会在2019年第二季度和第四季度全面营运。

该集团的扩展计划将专注在霹雳的824英亩的土地,该土地的位置拥有良好的连通性在天然气,电力和水力方面。

该集团预计2020年开始扩展计划在霹雳并用8年时间来扩展并建造一个手套制造设施的中心点。




Reference Price:
16.11.2018
Price: RM 4.30
Rolling EPS: RM 0.2516
PE: 17.09
NTA: RM 0.97
Price/NTA: 4.43
PE*Price/NTA: 75.76
Undervalued: RM 1.76
Fair Value: RM 2.34
Overvalued: RM 3.51


Disclaimer:
The information contained in this research is based on data obtained from sources believed to be reliable. However, the data and/or sources have not been independently verified and as such, no representation, express or implied, is made as to the accuracy, adequacy, completeness or reliability of the info or opinions in the research.
Accordingly, neither 以牛攻熊 nor any of its related companies and associates nor person connected to it accept any liability whatsoever for any direct, indirect or consequential losses (including loss of profits) or damages that may arise from the use or reliance on the info or opinions in this publication. Any information, opinions or recommendations contained herein are subject to change at any time without prior notice. 以牛攻熊 has no obligation to update its opinion or the information in this research.
Investors are advised to make their own independent evaluation of the info contained in this research and seek independent financial, legal or other advice regarding the appropriateness of investing in any securities or the investment strategies discussed or recommended in this research. Nothing in this research constitutes investment, legal, accounting or tax advice or a representation that any investment or strategy is suitable or appropriate to your individual circumstances or otherwise represent a personal recommendation to you.
This research is being supplied to you on a strictly confidential basis solely for your information and is made strictly on the basis that it will remain confidential. All materials presented in this research, unless specifically indicated otherwise, is under copyright to 以牛攻熊. This research and its contents may not be reproduced, stored in a retrieval system, redistributed, transmitted or passed on, directly or indirectly, to any person or published in whole or in part, or altered in any way, for any purpose.
This research may provide the addresses of, or contain hyperlinks to, websites. 以牛攻熊 takes no responsibility for the content contained therein. Such addresses or hyperlinks (including addresses or hyperlinks to 以牛攻熊 own site material) are provided solely for your convenience. The information and the content of the linked site do not in any way form part of this research. Accessing such website or following such link through the research or 以牛攻熊 site shall be at your own risk.

http://yiniugongxiong.blogspot.com/2018/11/kossan-7153-quarterly-report-30-sept.html