TONGHER at a glance

 

Tongher

Tongher

Price 3.79 (10/12/2018)
Market Cap 601.38m
Shares Outstanding 157.43m
ttm-EPS RM 0.43
ttm-P/E  8.80



FY 2017

Income Statement

Revenue 694m
Gross Income 103.4m
EBIT 67.3m

Non-Op Income 17.3m

Interest Exp 1.8m

PBT 82.3m
PAT 57.4m

EPS RM 0.37


Balance Sheet

Cash 92.2m
ST Debt 96.6m
LT Debt 11.0m


AR 81.3m
AP 17.4m

Inventories 289.4m


Total CA 464.6m
Total CL 132.6m

CR 3.5
Quick Ratio 1.32


Total Liabilities 138.1m
Total Equity 473.6m
Total Assets 611.7m


Cash Flow Statement

Net Income 82.3m
D&A 16.5m
Funds from operations  80.7m
Net Operating Cash Flow  43.2m

Capex (5.9m)

Cash Dividends (58.8m)

FCF 37.3m
FCF Yield 6.2%.




ttm 30-9-2018

ttm-Revenue  797.4m
ttm-PAT 66.5m
ttm-EPS  RM 0.42

Tongher - Return on Retained Earnings

Tong Herr
Year		DPS		EPS		Retained EPS
2002		5.3		9.8		4.5
2003		5.3		16.2		10.9
2004		14		35.4		21.4
2005		12.1		23.4		11.3
2006		13		43.7		30.7
2007		10.2		51		40.8
2008		13.9		14.4		0.5
2009		5		6.6		1.6
2010		5		14.4		9.4
2011		6		29		23
Total		89.8		243.9		154.1
2002-2011
EPS increase (sen)				19.2
DPO				37%
Return on retained earnings				12%
(All figures are in sens)

Tongher

Tongher
Announcement	Qtr	EPS	ttm-EPS	Price
Date	No	(Cents)	(Cent)	(RM)	PE	DY	P/NTA
30/05/2012	1	5.26	24.06	2.51	10.4	3.2%	0.98
27/02/2012	4	6.61	29.03	2.33	8.0	3.4%	0.92
29/11/2011	3	3.19	27.85	2.02	7.3	2.5%	0.82
22/08/2011	2	9.00	31.23	1.93	6.2	2.6%	0.80
30/05/2011	1	10.23	27.21	2.64	9.7	1.9%	1.11
28/02/2011	4	5.43	19.92	2.46	12.3	0.4%	1.06
28/02/2011	3	6.57	19.18	1.79	9.3	2.8%	0.78
17/08/2010	2	4.98	15.39	1.74	11.3	2.9%	0.78
31/05/2010	1	2.94	9.73	1.70	17.5	2.9%	0.76
25/02/2010	4	4.69	6.88	1.70	24.7	0.2%	0.77
25/11/2009	3	2.78	0.25	1.65	660.0	9.7%	0.76
28/08/2009	2	-0.68	2.35	1.75	74.5	9.1%	0.82
15/05/2009	1	0.09	10.97	1.85	16.9	8.6%	0.84
27/02/2009	4	-1.94	14.37	1.62	11.3	1.4%	0.74
26/11/2008	3	4.88	21.20	1.55	7.3	4.3%	0.70
03/09/2008	2	7.94	24.29	2.14	8.8	3.1%	1.00
26/05/2008	1	3.49	35.74	2.48	6.9	2.7%	1.12

Tongher (At a Glance)

6.3.2012
Tongher
Income Statement
	31/12/2011	31/12/2010	Absolute Chg	Change
Revenue	601.05	344.28	256.77	74.58%
Gross Profit	71.79	38.691	33.10	85.55%
Operating Profit			0.00	#DIV/0!
Financing costs	-0.583	-0.146	-0.44	299.32%
PBT	48.591	36.167	12.42	34.35%
PAT	47.585	31.746	15.84	49.89%
EPS (basic) sen	29.04	19.93	9.11	45.71%
Balance Sheet
NCA	202.074	184.129	17.95	9.75%
CA	347.325	326.49	20.84	6.38%
Total Assets	549.399	510.619	38.78	7.59%
Total Equity	400.604	367.243	33.36	9.08%
NCL	8.735	6.384	2.35	36.83%
CL	140.06	136.992	3.07	2.24%
Total Liabilities	148.795	143.376	5.42	3.78%
Total Eq + Liab	549.399	510.619	38.78	7.59%
Net assets per share	2.520	2.310	0.21	9.09%
Cash & Eq	87.408	76.014	11.39	14.99%
LT Borrowings	3.025	0.029	3.00	10331.03%
ST Borrowings	120.781	108.485	12.30	11.33%
Net Cash	-36.398	-32.5	-3.90	11.99%
Inventories	195.402	185.033	10.37	5.60%
Trade receivables	61.414	55.297	6.12	11.06%
Trade payables	17.972	27.897	-9.93	-35.58%
Quick Ratio	1.08	1.03	0.05	5.05%
Current Ratio	2.48	2.38	0.10	4.05%
Cash flow statement
PBT	48.591	36.167	12.42	34.35%
OPBCWC	73.066	39.732	33.33	83.90%
Cash from Operations	45.921	-38.795	84.72	-218.37%
Net CFO	44.364	-40.115	84.48	-210.59%
CFI	-32.670	-93.292	60.62	-64.98%
CFF	0.164	54.174	-54.01	-99.70%
Capex	-35.927	-7.166	-28.76	401.35%
FCF	8.437	-47.281	55.72	-117.84%
Dividends paid	-7.639	-6.370	-1.27	19.92%
DPS (sen)	8.00	5.00	3.00	59.95%
No of ord shares (m)	127.253	127.361	-0.11	-0.08%
Financial Ratios
Gross Profit Margin	11.94%	11.24%	0.71%	6.28%
Net Profit Margin	7.92%	9.22%	-1.30%	-14.14%
Asset Turnover	1.09	0.67	0.42	62.26%
Financial Leverage	1.37	1.39	-0.02	-1.37%
ROA	8.66%	6.22%	2.44%	39.31%
ROC	10.89%	7.94%	2.95%	37.11%
ROE	11.88%	8.64%	3.23%	37.41%
Valuation	6.3.2012	4.3.2011
Price	2.37	2.57	-0.20	-7.78%
Market cap (m)	301.59	327.32	-25.73	-7.86%
P/E	6.34	10.31	-3.97	-38.53%
P/BV	0.75	0.89	-0.14	-15.53%
P/FCF	35.75	-6.92	42.67	-616.35%
P/Div	39.48	51.38	-11.90	-23.17%
DPO ratio	0.16	0.20	-0.04	-20.00%
EY	15.78%	9.70%	6.08%	62.68%
FCF/P	2.80%	-14.44%	17.24%	-119.37%
DY	2.53%	1.95%	0.59%	30.15%

Tongher (At a Glance)

TONGHER

Recent Financial Results

Announcement Date		Financial Yr. End		Qtr	Period End		Revenue RM '000		Profit/Lost RM'000		EPS		Amended
27-Feb-12		31-Dec-11		4	31-Dec-11		143,773		8,729		6.61		-
29-Nov-11		31-Dec-11		3	30-Sep-11		148,375		6,074		3.19		-
22-Aug-11		31-Dec-11		2	30-Jun-11		165,587		15,223		9.00		-
30-May-11		31-Dec-11		1	31-Mar-11		143,312		13,025		8.00		-

Announcement Date

Financial Yr. End

Qtr

Period End

Revenue RM '000

Profit/Lost RM'000

EPS

Amended

27-Feb-11

31-Dec-10

4

31-Dec-10

125,637

6,915

5.43

-

ttm-EPS

2011  29.04 sen

2010  19.93 sen

YoY EPS GR 45.7%

Dividends

2011  8.00 sen

2010  5.00 sen

Net Asset per Share

2011  RM  2.52

2010  RM  2.31

Price RM 2.14

ttm-PE   7.4x

EY  13.6%

DPO 0.275

DY  3.74%

Net Profit Margin  7.9%

Asset Turnover  1.09x

Financial Leverage  1.37x

ROA  8.61x

ROE  11.8%

Tongher

Company Name	:	TONG HERR RESOURCES BERHAD
Stock Name	:	TONGHER
Date Announced	:	29/11/2011

Financial Year End	:	31/12/2011
Quarter	:	3
Quarterly report for the financial period ended	:	30/09/2011
The figures	:	have not been audited

Converted attachment :

Please attach the full Quarterly Report here:

Appendix 1 Q311.pdf
Appendix 2 Q311 Notes.pdf

Currency	:	Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION

30/09/2011

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2011	30/09/2010	30/09/2011	30/09/2010
		$$'000	$$'000	$$'000	$$'000
1	Revenue	148,375	96,201	457,274	218,642
2	Profit/(loss) before tax	7,804	10,694	41,965	26,388
3	Profit/(loss) for the period	6,074	9,548	38,856	22,851
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,060	8,371	28,538	18,472
5	Basic earnings/(loss) per share (Subunit)	3.19	6.57	22.43	14.50
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	8.00	5.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.4700		2.3100

9 months ending 30.9.11

Income statement

Revenue  457.274m

Gross Profit  59.329m

PBT  41.965m

PAT  38.856m

Total comprehensive income attributable to:

Owners of the Company  28.296m

EPS attributable to owners of the Company

Basic  22.43 sen

Diluted  N/A

Share of results of associates  (0.027m)

Finance costs  (0.978m)

Balance Sheet

NCA  199.827m

CA  377.181m

TOTAL ASSETS  577.008m

TOTAL EQUITY  396.567m

NCL  6.309

CL  174.132m

TOTAL LIABILITIES  180.441m

TOTAL EQUITY AND LIABILITIES  577.008m

Investment in associates 59.591m

Inventories 204.449m

Trade and other receivables  58.454m

Trade and other payables  15.002m

Cash and cash equivalents  111.168m

LT borrowings  0m

ST borrowings  156.815m

Equity attributable to owners of the company  314.023m

Net asset per share  RM 2.47

Dividend paid to owners of the company

30.9.2011  (7.639m)

30.9.2010  (6.370m)

Cash flow statement

Net cash from operating activities   29.129m

Net cash used in investing activities  (27.227m)

Net cash from financing activities  32.055m

Segment profits (loss)

Manufacture and sale of stainless steel fasteners  31.693m

Manufacture and sale of aluminium and its related products  9.951m

Unallocated non-operating segments  (0.064m)

Total 41.580m

Interest income 1.289m

Amortisation and depreciation  12.438m

Tax expense 3.109m

Prospects for the current financial year

Prospects for the global economy remain favorable in 2011 with continued improvements, especially in emerging and developing countries. In advanced economies, activity has moderated less than expected, but growth remains subdued, unemployment is still high, and renewed stresses in the Eurozone periphery are contributing to downside risks.

Meanwhile, in many emerging economies, activity remains buoyant, inflation pressures are emerging, and there are now some signs of overheating, driven in part by strong capital inflows.

In view of this, the Board will streamline the corporate strategy and continue its marketing and cost containment efforts in order to remain competitive. The Board also diversifies the business into various markets to manage the risks. Barring any unforeseen circumstances, the Group is optimistic to attain a satisfactory level of performance for the current financial year.


Shares
Weighted average number of shares in issue  127.253m
The company did not have any dilutive potential ordinary shares during the financial period.

Market Watch

Recent Financial Results

Announcement Date		Financial Yr. End		Qtr	Period End		Revenue RM '000		Profit/Lost RM'000		EPS		Amended
29-Nov-11		31-Dec-11		3	30-Sep-11		148,375		6,074		3.19		-
22-Aug-11		31-Dec-11		2	30-Jun-11		165,587		15,223		9.00		-
19-Aug-11		31-Dec-11		2	30-Jun-11		165,587		15,223		9.00		-
30-May-11		31-Dec-11		1	31-Mar-11		143,312		17,559		10.23		-

Share Price Performance
	High Low Prices 1 Month 2.200   (08-Nov-11) 2.000   (28-Nov-11) Prices 3 Months 2.200   (08-Nov-11) 1.860   (05-Oct-11) Prices 12 Months 2.890   (04-Jan-11) 1.860   (05-Oct-11) Volume 12 Months 9,697   (31-Dec-10) 5   (03-Oct-11)

Shares Outstanding: 127,312,000
Closely Held Shares: 80,247,142

23.11.2011

Price RM 2.03

PE 6.50x

DY 3.94%

Market cap  258.7m