[HAIO (7668) 海鸥 HAI-O ENTERPRISE BHD：电子商务平台的“small-ticket”物品的销量增加，成本优化计划以及来自供应商的更高的A＆P补贴] - James的股票投资James Share Investing
James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.64, dividend RM0.04, in 2 years 7 days, total return is 414.7%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM54.28 adjusted, dividend RM0.52, in 2 Years 1 month 18 days, total return is 351.4%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.30 adjusted, dividend RM0.055, in 1 Year 2 months 17 days, total return is 280.5%
d. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.795, dividend RM0.0025, in 2 months 26 days , total return is 124.6%
e. KKB ENGINEERING BHD, recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.64, dividend RM0.04, in 2 Years 1 month 18 days, total return is 111.3%
f. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.875, dividend RM0.015, in 9 months 30 days, total return is 100%
g. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.70, dividend RM0.003, in 11 months 25 days , total return is 54.5%
h. POWER ROOT BHD, recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.12, dividend RM0.188, in 1 Year 10 months 12 days, total return is 45.2%
i. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.28, in 10 months 26 days , total return is 40%
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[HAI-O ENTERPRISE BHD: higher sales of “small-ticket” items derived from their e-commerce platform during the MCO period, cost optimisation initiatives, as well as higher A&P subsidy from suppliers]
For the year ended 30 April 2020, the Group recorded a lower pre-tax profit of RM41.6 million as compared to the preceding year of RM 63.4 million, a decrease of 34.4%. The Group’s cash and cash equivalents and short term investment totalled RM 95.9 million as at 30 April 2020 (FYE 30.4.2019: RM 95.1 million).
For the 4th quarter under review, the Group recorded lower revenue and pre-tax profit of RM53.7 million and RM 10.9 million, as compared to RM 70.0 million and RM 13.8 million in the preceding year’s corresponding quarter, representing a decrease of 23.3% and 21.0% respectively:
Pre-tax profit fell only marginally by 1.5% to RM 10.2 million, mainly thanks to higher sales of “small-ticket” items derived from their e-commerce platform during the MCO period, cost optimisation initiatives, as well as higher A&P subsidy from suppliers.
Pre-tax profit declined by about 54.4% to RM 0.9 million.
The division recorded a loss of RM 0.9 million in the 4th quarter as compared to pre-tax profit of RM 0.4 million in the preceding year’s corresponding quarter.
Pre-tax profit decreased marginally by 0.9% to RM 10.9 million.
During the MCO period, the MLM division aggressively leveraged on the e-commerce platform by encouraging distributors to shift to its online portal to reach out to its members. In addition, the launch of free membership and “Stay at home, earn from home” campaign has successfully attracted a sizable number of new members which brought in additional sales especially sales of “small-ticket” items increased as consumers switched to more affordable items. Such proactive measures taken by the division have helped to mitigate the negative impact of the MCO, thus cushioning the decline of revenue to 4.2% to RM 35.3 million.
Thanks to the initiative to leverage on technology and social media which has improved operating efficiencies, as well as cost optimization measures, MLM pre-tax profit rose by 39.3% to RM 10.2 million, as compared to RM 7.3 million in the immediate preceding quarter.
Pre-tax profit decreased by 57.1% to RM 0.9 million.
The division suffered a 48% decline in revenue and a loss RM 0.9 million in the 4th quarter of the financial year.
The Group has delivered resilience in the latest quarter under review as operating profit was maintained despite an almost 20% decline in revenue from the immediate preceding quarter. This resilience was anchored on the agility of their key businesses, especially the MLM division, to quickly adapt to change and to re-strategize to evolve and strengthen their market positioning amidst the crisis. While the outlook remains highly uncertain as they face a new norm, they are optimistic that the ability to face and adapt to sudden and unexpected changes will put them in good stead to ride challenges ahead. Moving forward, the Group will continue to optimise costs, re-strategize business plans, and work to further strengthen their existing digital infrastructure, enhance their presence in social media and digital advertising to reach out to existing and potential customers. With Covid-19 likely to lead to greater focus on healthcare, and the Group hopes to fortify their position as a premier healthcare company in Malaysia. In view of the above, the Board of Directors expects the Group to remain profitable amidst the challenging business environment in the next financial year.
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