【ASIAFLE 7129 交流专区】亚洲文件夹

echeers

ASIAFLE 刚公布earnings。。业绩不錯。target price RM8。。你们有研究這只股吗？

[ 本帖最后由 hancom 于 20-6-2008 11:34 AM 编辑 ]

loong81

asiatic 还是 asiafle

khokhokho

原帖由 loong81 于 2-6-2008 10:50 AM 发表
asiatic 还是 asiafle

  不好意思，看錯了報告

謝謝，提醒~

loong81

请问一下
如果附加股不买的话，是不是一定就吃亏？

chookf

to see my BLOG:-
http://cblog.cari.com.my/html/69/218069.html

有一篇關於asiafile的看法文章，
不過可能有點過時！
方便的話將該文轉貼到這兒吧！

khokhokho

原帖由 loong81 于 2-6-2008 11:01 AM 发表
请问一下
如果附加股不买的话，是不是一定就吃亏？

投資者不會吃虧，只不過到時公司的股份會變多。

echeers

我指的是ASIAFLE (7129)

scsiang82

可以发那个研究报告给我吗？？谢谢。。。
我的电邮:scsiang82@yahoo.com

echeers

ASIAFILE近几天volume大增，不过全部都在5。20成交。何解？各位有何意见？

chengyk

数据几漂亮一下，今晚又有功工作做了 !!!

chengyk

我把 chookf 的功课方过来 !!!
http://cblog.cari.com.my/html/69/218069-119916.html

ASIAFLE，是本地主要的文件夾及文具生產商，平均利潤率超過２０％，其過往利潤如下：
1999=19,442
2000=16,613
2001=16,543
2002=16,767
2003=21,203
2004=28,065
2005=32,577
2006=30,651　　
2007=32,407

	2007(Q1)	2007(Q2)	2007(Q3))	2007(Q4)	TOTAL
營業額	32,321	32,236	33,563		98,120
淨利	9,129	7,442	8,544		25,115
	2008(Q1)	2008(Q2)	2008(Q3)	2008(Q4)	TOTAL
營業額	43,574	44,111	42,685		130,370
淨利	10,263	10,005	9,842		30,110

ASIAFLE過往股價在RM5.00-RM6.00盤整達３年之久，自進入2008財政年，因收購德國同業後（名字不記得了），盈利猛增，市場紛紛看好，股價在2007年9月開始飆漲近RM10.00的價位，３個月內漲幅達７０％之多。（未一變二拆細前的股價）

後來次級房貸危機，影響股價下跌，最近稍微回升，但漲幅也達５０％－６０％之多。

但關鍵在於，ASIAFLE的盈利增長已慢下來，相比去年９個月同期，
營業額增長３２．８％；淨利則只增長１９．８％；
可是股價卻增長了５０％－６０％。

ASIAFLE在股價未飆漲前，本益比約１２－１４之間，是屬於適當水平，
如今股價增長快過盈利甚多，顯然超出實際。

過高的股價成長，只不過是反映了金融界的過高期望，但細看ASIAFLE的季報，盈利成長慢於營業額，顯然已經放緩，淨利對比股價增長，已經不平衡了！

除非ASIAFLE的成長幅度能後來居上，至少需要有５０％的成長，才能匹配現今股價，
就我個人認為，ASIAFLE要增長到符合股價增長水平的機會不高，如此一來，
ASIAFLE股價存相當的下跌風險！

scsiang82

Asiafile最近一直在收购muda的股票，已经买进了10%的股权。。。

scsiang82

http://chinese.cari.com.my/myfor ... p;highlight=ASIAFLE

echeers

chookf 的功课有点过时，ASIAFILE 的股价飆漲后，现在2008 的PE 是15。2， 是屬於適當水平

scsiang82

Monday June 23, 2008 MYT 9:47:34 AM
Arisaig Fund cuts Asia File stake
By Joseph Chin


KUALA LUMPUR: Arisaig Asean Fund Ltd disposed of 2.82 million shares of Asia File Corporation Bhd from June 16 to 19.

A filing with Bursa Malaysia Securities showed that the Singapore-based fund disposed of three blocks of 800,000 shares each from June 16 to 18. It sold another 420,000 shares on June 19.

After the disposal of the 2.48% stake in the open market, its shareholding was reduced to 13.73 million shares or 12.09%.

Asia File’s share price rose to a 52-week high of RM6.15 on Dec 11 while its 52-week low was RM3.18 on Aug 17.

At the current price of RM4.80, it is trading at a price-to-earnings of 12.45 times.

http://biz.thestar.com.my/news/story.asp?file=/2008/6/23/business/20080623094652&sec=business

scsiang82

Thursday July 17, 2008
Asia File raises stake in Muda Holdings to 18.6%


PETALING JAYA: Asia File Corp Bhd recently bought an additional 5.62% stake in Muda Holdings Bhd in the open market to increase its equity interest in the paper milling company to 18.6%, according to a filing with Bursa Malaysia yesterday.

It acquired 16.033 million shares for a total RM12.745mil cash, Asia File said yesterday.

The stationery maker emerged as a substantial shareholder in Muda last month. Asia File said it had so far spent RM40.4mil for the Muda stake.

Muda made a net profit of RM18.76mil, or 6.58 sen per share, on revenue of RM188mil in the three months ended March 31.

Shares in Muda had doubled since the start of the year at 80 sen yesterday, while Asia File had dropped 14% over the same period at yesterday's close of RM4.90.

http://biz.thestar.com.my/news/story.asp?file=/2008/7/17/business/21846326&sec=business

scsiang82

Asia File says 20.36pc of Muda Hldgs is enough
By Marina Emmanuel Published: 2008/07/19


ASIA File Corp Bhd, a stationery maker, has no plans to buy more shares in Muda Holdings Bhd after it has made the industrial paper maker into an associate.

In recent months, Asia File has spent some RM44.5 million to buy Muda shares in the open market. It now has 20.36 per cent of Muda.

Initially, Penang-based Asia File had wanted to merge the two companies in a "win-win situation", said Asia File managing director S.H. Lim.

"We are only interested in keeping Muda Holdings as an associate company and we are happy with what we have now," he told the Business Times in a telephone interview yesterday.



Muda Holdings, Lim noted, has been Asia File's biggest local supplier for many years and produces good quality materials.

"We are not interested in taking other people's businesses away from them, we are only looking at how Muda Holdings can add value to our operations and vice-versa.

"Since we are exposed to totally different markets, we will leverage on inter-networking," he added.

Muda Holdings operates in four business segments: paper milling, paper packaging, trading, and investment and management.

Asked if Asia File is still on an acquisition trail locally or overseas, Lim said the company continues to look out for firms which can provide synergy to Asia File's business.

"We are growing organically very well at between 15 per cent and 20 per cent a year, and we are not too keen on fast growth," he added.

On the business outlook for Asia File between now and the end of the year, Lim said:

"We have had a good June quarter and expect September to be good, too."

The company has even managed to win customers who normally buy stationery from China.

"China," Lim noted, "is becoming uncompetitive and unreliable in many areas and so discerning customers who used to buy from suppliers in China have turned to us, thanks to our reliability and trusted name in the market."

http://www.btimes.com.my/Monday/OurPick/asiamu.xml/Article

scsiang82

慕达成联号公司加强业绩 亚洲文件夹盈利前景看俏 2008/07/21 17:42:55
●南洋商报 周汉文


（吉隆坡21日讯）随着慕达（Muda，3883，主板工业产品股）成为亚洲文件夹（AsiaFle，7129，主板消费产品股）的联号公司后，分析员预测这有助于提高亚洲文件夹盈利12％至13％，或900万至1000万令吉。


与此同时，分析员也表示有关亚洲文件夹增持慕达股权的投资，预测将会增强业绩表现，并且给予正面的看法。

联昌国际投资银行对于亚洲文件夹增购慕达股份不感惊讶，因为亚洲文件夹可从慕达的业务提供纸张原料的需求，而且亦可从中获益。

在2008年第一季，慕达的净利创下1880万令吉，这主要在于该领域纸张价格在2007年第四季表现强稳。然而，全球纸张价格在今年始已有下降的趋势，同时也从颠峰期下滑了10％。

不过，联昌国际投资银行分析员也说，由于慕达的大部分盈利展望是依赖全球纸张价格的趋势，因此可能将导致亚洲文件夹的盈利比较起伏不定。

可超越大市

尽管如此，该行目前依然维持亚洲文件夹在2009财政年至2011财政年的业绩预测，并且也维持该股“超越大市”的评级，不过目标价格则从原本的9.75令吉，下修至6.90令吉。

http://www.nanyang.com/index.php?ch=7&pg=12&ac=864698

8years

不错的稳定公司，可惜股价太高，变得没有投资的价值。我赞同chokf的观点，有下跌的风险。就算没有下跌的风险，在这种熊市里也没有投资价值，原因很简单，因为没有便宜卖。
在熊市买贵货是最愚笨的了。

8年之书里面有提到
邓普顿的一句精华（Franklin Templeton）
邓普顿讲过一句很有价值的话是每个投资者都应该记得的。
“很多人来问我哪里市场表现最好，我觉得他们都错了，他们最应该问我的应该是哪里的市场表现最坏”

希望有看过8年之书的人活学活用。

loong81

我有看到这句！
多谢再次提醒！

其实我还没有把整本的《八年之书》看完。