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(i) Establish a new distribution centre in Brunei On 1 March 2017
-The built-up area and capacity of the new warehousing facility are estimated to be approximately 18,000 square feet (“sq. ft.”) and 916 pallets respectively, which is 3 times bigger than the existing capacity.
(ii) Acquisition of warehousing facilities in Kuching, Sarawak On 28 February 2017
-This additional warehousing facilities and office would have a built-up area of approximately 39,000 sq. ft. and 6,000 sq.ft. respectively.
(iii) New warehousing facility in Kota Kinabalu, Sabah completed Dec 2017
-have an estimated built-up area of approximately 34,746 sq. ft. with 10 load/unloading bays and a capacity of 3,920 pallets.
The Group’s revenue experienced a reasonable level of revenue growth. There has been positive demand for its consumer-packaged goods. The Group’s revenue for Q4 2018 increased by RM14.33 million or 11.74%, from RM122.07 million to RM136.39 million, as compared to the immediate preceding quarter ended 31 March 2018 (Q3 2018).
The increase in revenue was mainly due to increase in revenue contribution from its
operations in Sarawak from RM44.19 million (Q3 2018) to RM53.25 million (Q4 2018),
operations in Sabah from RM55.67 million (Q3 2018) to RM60.29 million (Q4 2018) and
operations in Brunei from RM 20.26 million (Q3 2018) to RM20.46 million (Q4 2018).
The Group’s profit before tax in Q4 2018 is RM 5.40 million compared to a loss in Q3 2018 RM9.65 million. The profit is due to increase in revenue and streamline of operating costs.

Secured distribution contracts in Quarter 3  FY 2018 and the momentum and are expected to continue to contribute positively to Group’s revenue moving forward:
(i) Nestle Products Sdn Bhd for Nestle grocery products to cater for the modern trade channel in Brunei;
(ii) Heineken Marketing Malaysia Sdn Bhd for Kuching, Sibu and Sri Aman in Sarawak;
(iii) L’Oreal Malaysia Sdn Bhd for L’Oreal consumer products under the brands of “L’Oreal Paris”, “Maybelline” and “Garnier” for Sabah, Labuan and Sarawak;
(iv) Oriental Food Industries Sdn Bhd for Sabah and Sarawak;
(v) Sincere Match & Tobacco Factory Sdn Bhd for Sabah, Sarawak and Brunei;
(vi) Power Root Marketing Sdn Bhd for Kuching, Sibu, Miri and Bintulu; and (vii) Oriental Food Marketing (M) Sdn Bhd for Kuching, Sibu, Miri and Bintulu.
Currrent market cap around 70 million and let assume for Financial year 2019 company can achieve profit 2.5 million per quarter which equivalent to 10 million per year. Based on 12.0x PER , market cap can achieve 120 million. target 0.24 to 0.25. Potential return 70%.

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