Tuesday, 22 August 2017

Dutch Lady (22.8.2017)




Revenue in current quarter increased by 7% compared to preceding year's corresponding quarter.

Lower profit before tax by 16% compared to last year, was due to higher material prices.

Revenue for first half of 2016 grew by 3.5% compared to corresponding period in 2016.

Lower profit before tax of 12.5% driven by higher material prices.


SUMMARY OF KEY FINANCIAL INFORMATION
30 Jun 2017

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Jun 2017
30 Jun 2016
30 Jun 2017
30 Jun 2016
$$'000
$$'000
$$'000
$$'000
1Revenue
263,540
246,685
513,640
496,470
2Profit/(loss) before tax
42,686
51,099
84,790
96,885
3Profit/(loss) for the period
32,233
36,709
64,155
70,596
4Profit/(loss) attributable to ordinary equity holders of the parent
32,233
36,709
64,155
70,596
5Basic earnings/(loss) per share (Subunit)
50.35
57.35
100.20
110.30
6Proposed/Declared dividend per share (Subunit)
0.00
0.00


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7Net assets per share attributable to ordinary equity holders of the parent ($$)
1.8900
2.590



Dlady
Quarterly Report History
Qtr Financial Revenue PBT  PAT PBT 
No Quarter (RM,000) (RM,000) (RM,000)
Margin
2 30-Jun-17 263,540 42,686   32,233 16.2%
1 31-Mar-17 250,100 42,103   31,921 16.8%
4 31-Dec-16 271,664 48,303   37,815 17.8%
3 30-Sep-16 279,592 52,789   40,657 18.9%
2 30-Jun-16 246,685 51,099   36,709 20.7%
1 31-Mar-16 249,786 45,787   33,888 18.3%
4 31-Dec-15 270,900 34,352   25,222 12.7%
3 30-Sep-15 255,581 65,727   49,954 25.7%
2 30-Jun-15 278,288 65,642   48,776 23.6%
1 31-Mar-15 196,894 23,016   17,028 11.7%
4 31-Dec-14 263,842 45,871   33,952 17.4%
3 30-Sep-14 240,491 38,580   28,549 16.0%
No. Financial ttm-Rev ttm-PBT  ttm-PAT ttm-PBT 
Qtr. Quarter (RM,000) (RM,000) (RM,000) Margin
2
31-Dec-17 1,064,896 185,881 142,626 17.5%
1 31-Dec-17 1,048,041 194,294 147,102 18.5%
4 31-Dec-16 1,047,727 197,978 149,069 18.9%
3 31-Dec-16 1,046,963 184,027 136,476 17.6%
2 31-Dec-16 1,022,952 196,965 145,773 19.3%  
1 31-Dec-16 1,054,555 211,508 157,840 20.1%    
4 31-Dec-15 1,001,663 188,737 140,980 18.8%    
3 31-Dec-15 994,605 200,256 149,710 20.1%    
2 31-Dec-15 979,515 173,109 128,305 17.7%    
1 31-Dec-15      
4 31-Dec-14      
3 31-Dec-14      
     
     
     
     
     
Qtr Financial EPS  DPS NTA ttm-EPS ttm-DPS
No Quarter (Cent) (Cent) (RM) (Cent) (Cent)
2 30-Jun-17 50.35 60 1.89 222.85 170
1 31-Mar-17 49.9 110 3.08 229.85 220
4 31-Dec-16 59.1 0 2.59 232.9 220
3 30-Sep-16 63.5 0 3.09 213.2 330
2 30-Jun-16 57.35 110 2.46 227.8 330
1 31-Mar-16 52.95 110 2.99 246.65 330
4 31-Dec-15 39.4 110 2.46 220.3 220
3 30-Sep-15 78.1 0 3.16 233.95 220
2 30-Jun-15 76.2 110 2.38 200.45 220
1 31-Mar-15 26.6 0 2.72 #REF!
4 31-Dec-14 53.05 110 2.45 #REF!
3 30-Sep-14 44.6 0 3.02 #REF!

Parkson Retail Group HK (22.8.2017)

Parkson Retail Group
21.8.2017

INCOME STATEMENT
HKD Millions.
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Revenues …. 4,830 …. 5,221 …. 5,693 …. 5,724 …. 5,470
GrProf …. 1,614 …. 2,133 …. 2,628 …. 2,808 …. 1,837
EBIT …. (208) …. (111) …. 630 …. 676 …. -
Int Exp …. 195 …. 205 …. 188 …. 210 …. 133
PBT …. 692 …. (161) …. 436 …. 726 …. 1,421
Tax …. 527 …. 79 …. 165 …. 301 …. 397
PAT …. 172 …. (230) …. 296 …. 446 …. 1,046
EPS (Dil) …. 0.07 …. -0.09 …. 0.11 …. 0.16 …. 0.37
No of shr (Dil) …. 2,650.0 …. 2,705.0 …. 2,777.0 …. 2,808.0 …. 2,814.0



GP Marg …. 33.42% …. 40.85% …. 46.16% …. 49.06% …. 33.58%
PBT Marg …. 14.33% …. -3.08% …. 7.66% …. 12.68% …. 25.98%
NP Marg …. 3.56% …. -4.41% …. 5.20% …. 7.79% …. 19.12%
EBIT/Int …. -1.1 …. -0.5 …. 3.4 …. 3.2 …. #VALUE!



BALANCE SHEET
HKD Millions.
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
CA …. 7,005 …. 5,515 …. 7,221 …. 8,353 …. 7,320
NCA …. 7,685 …. 10,270 …. 10,202 …. 9,201 …. 8,349
TA …. 14,690 …. 15,785 …. 17,423 …. 17,554 …. 15,669

CL …. 4,276 …. 4,521 …. 5,400 …. 5,202 …. 8,027
NCL …. 4,974 …. 5,249 …. 4,950 …. 5,075 …. 599
TL …. 9,250 …. 9,770 …. 10,350 …. 10,277 …. 8,626
Eq …. 5,440 …. 6,014 …. 7,074 …. 7,277 …. 7,043
TL+Eq …. 14,690 …. 15,785 …. 17,423 …. 17,554 …. 15,669



Cash …. 5,831 …. 4,002 …. 6,267 …. 6,349 …. 6,167
ST Debt …. 601 …. 769 …. 875 …. - …. 3,099
LT Debt …. 269 …. 141.4 …. 56.6 …. 188.4 …. -
Total Debt …. 870 …. 910 …. 932 …. #VALUE! …. #VALUE!

Inventories …. 411 …. 466 …. 519 …. 540 …. 479
AR …. 134 …. 98 …. 245 …. 238 …. 301
AP …. 1,655 …. 1,783 …. 2,267 …. 2,508 …. 2,360

CA-CL …. 2,729 …. 994 …. 1,821 …. 3,151 …. (707)

TD/Eq …. 16.0% …. 15.1% …. 13.2% …. #VALUE! …. #VALUE!
TD/TA …. 5.9% …. 5.8% …. 5.3% …. #VALUE! …. #VALUE!
TL/TA …. 63.0% …. 61.9% …. 59.4% …. 58.5% …. 55.1%

CR …. 1.64 …. 1.22 …. 1.34 …. 1.61 …. 0.91
QR …. 1.54 …. 1.12 …. 1.24 …. 1.50 …. 0.85



CE …. 16,245 …. 15,266 …. 18,290 …. 18,701 …. 13,809

Average of 2 years
CE (Avg) …. 15,756 …. 16,778 …. 18,496 …. 16,255 ….
TA (Avg) …. 15,238 …. 16,604 …. 17,489 …. 16,612 ….
Eq (Avg) …. 5,727 …. 6,544 …. 7,176 …. 7,160 ….






CASH FLOW STATEMENT
HKD Millions.
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Net Inc …. 707 …. (146) …. 474 …. 771 …. 1,478
D&A …. 563 …. 500 …. 508 …. 489 …. 360
FFO …. 214 …. 202 …. 872 …. 887 …. 1,495
CWC …. 222 …. (693) …. (365) …. 3 …. (234)
NetOCF …. 436 …. (491) …. 507 …. 890 …. 1,261

Capex …. (497) …. (1,117) …. (753) …. (1,282) …. (658)

FCF …. (56) …. (1,578) …. (244) …. (391) …. 608
Dividends …. (31) …. (167) …. (175) …. (426) …. (622)

RE …. 676 …. (313) …. 299 …. 345 …. 856
Owner's Cash …. 773 …. (763) …. 229 …. (22) …. 1,180
FFO less Capex …. -283 …. -915 …. 119 …. -395 …. 837


NetOCF/Net Inc …. 61.7% …. 336.3% …. 107.0% …. 115.4% …. 85.3%
FCF/Net Inc …. -7.9% …. 1080.8% …. -51.5% …. -50.7% …. 41.1%
Capex/Net Inc …. 70.3% …. -765.1% …. 158.9% …. 166.3% …. 44.5%
Capex/NetOCF …. 114.0% …. -227.5% …. 148.5% …. 144.0% …. 52.2%
Capex/D&A …. 88.3% …. 223.4% …. 148.2% …. 262.2% …. 182.8%
DPO ratio …. 4.4% …. -114.4% …. 36.9% …. 55.3% …. 42.1%



VALUATION
Year …. 2016 …. 2015 …. 2014 …. 2013 …. 2012
Share Price RM …. 0.85 …. 1.01 …. 1.98 …. 2.00 …. 4.80
Market cap (m) …. 2,253 …. 2,732 …. 5,498 …. 5,616 …. 13,507

ROCE …. -1.3% …. -0.7% …. 3.4% …. 4.2% …. #VALUE!
ROA …. 1.1% …. -1.4% …. 1.7% …. 2.7% …. #DIV/0!
ROE …. 3.0% …. -3.5% …. 4.1% …. 6.2% …. #DIV/0!

FCF/Revenues …. -1.2% …. -30.2% …. -4.3% …. -6.8% …. 11.1%

FCF/Mkt Cap …. 0.0% …. -0.1% …. 0.0% …. 0.0% …. 0.0%
DY …. 1.4% …. 6.1% …. 3.2% …. 7.6% …. 4.6%

Mkt. cap/Equity (P/B) …. 0.41 …. 0.45 …. 0.78 …. 0.77 …. 1.92
Mkt. cap/Net Inc (P/E) …. 13.10 …. -11.88 …. 18.58 …. 12.59 …. 12.91



Today's Price HK …. 1.15
Shares (m) …. 2,650.0
Market cap (m) today …. 3,048

Mkt. cap/Equity (P/B) …. 0.56
Mkt. cap/Net Inc (PE) …. 17.72