【LCTH 5092 交流专区】利丰

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利丰值得投资？

读者李先生问：

（2）利丰机构（LCTH，5092，主板工业产品组）还值得投资吗？这家公司前景又如何？

答2：外汇波动料影响利丰

利丰机构旗下公司主要在大马涉足生产及二手装配精密塑料配件和部件，精密模具和一般模具，以供应国内外客户，主要出口市场为美国及新加坡，其他市场包括英国、中国、西班牙、德国、墨西哥、匈牙利、泰国等。

是否值得投资，看看公司的最新业绩及财务情况。该公司最新业绩甫于今年8月11日宣布，截至2017年6月30日第二季，该公司净利下跌至124万8000令吉（每股净利为0.35仙），前期净利为326万3000令吉（每股净利为0.91仙）；营业额为2486万7000令吉，前期为2860万3000令吉。

首6个月净利为278万6000令吉（每股净利为0.77仙），前期净利为510万5000令吉（每股净利为1.42仙）；营业额为4813万1000令吉，较前期的6046万3000令吉来得低。

最新第二季业绩及净利较弱，公司表示，主要是客户订单较少所致。

截至今年6月30日，该公司的财务情况颇为健全，总资产为2亿2947万2000令吉，其中现金及银行余款占1亿零549万2000令吉、短期投资为875万9000令吉、库存有1024万9000令吉、贸易应收款项为1794万1000令吉。非流动的资产如产业／工厂／器材为4768万令吉，投资产业为2520万3000令吉。

公司的总负债仅有2348万6000令吉，主要是贸易应付款项1040万1000令吉，其他应付款项为1103万1000令吉；没有借贷。公司的股本为1亿6991万1000令吉，保留盈利为3607万5000令吉。

业务前景具挑战

至于业务前景，该公司预料2017下半年的经济氛围将具挑战，因全球经济情况不明朗，特别是原油价格及外汇兑换率波动不靖。

公司认为，若是美元兑马币汇率持续动荡不定，料将影响公司的业绩表现，因公司产品主要供出口市场。不过，公司将持续扩大其市场，包括在现有客户及新客户市场，与此同时，也将改善公司的营运效率加以应付。

文章来源：
星洲日报‧投资致富‧投资问诊‧文：李文龙‧2017.08.27

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2017	30 Sep 2016	30 Sep 2017	30 Sep 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	29,655	24,479	77,786	84,942
2	Profit/(loss) before tax	4,543	4,514	8,653	11,339
3	Profit/(loss) for the period	3,472	3,358	6,258	8,463
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,472	3,358	6,258	8,463
5	Basic earnings/(loss) per share (Subunit)	0.96	0.93	1.74	2.35
6	Proposed/Declared dividend per share (Subunit)	0.50	0.50	1.00	1.00
		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 ($$)	57.6800		57.9400

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[tr][/tr]

EX-date	24 Nov 2017
Entitlement date	28 Nov 2017
Entitlement time	04:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Second Interim Single Tier Dividend of 0.5 sen per share.
Period of interest payment	to
Financial Year End	31 Dec 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	13 Dec 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	28 Nov 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.005

icy97

大股东要求削资及私有化
利丰机构每股回退58仙

2017年12月8日
（吉隆坡7日讯）利丰机构（LCTH，5092，主板工业产品股）接获大股东信函，要求展开选择性资本削减与资本回退，并将公司私有化。

利丰机构向交易所报备，大股东富裕企业目前持有公司70.64%股权。

根据选择性资本削减与资本回退计划，符合资格的股东，将能获得每股58仙的资本回退，涉及总资本回退金额高达6131万令吉。

完成后，富裕企业将持有利丰机构的所有权，且无意维持其上市地位。

富裕企业表示，在全球经济持续不稳定的情况下，利丰机构一直在充满挑战的环境中营运。

竞争加剧，加上成本高涨，让利丰机构的业绩表现节节败退。因此，选择性资本削资与资本回退计划可让股东，以溢价的方式实现在利丰机构的投资。【e南洋】

Type	Announcement
Subject	OTHERS
Description	LCTH CORPORATION BERHAD (LCTH OR THE COMPANY)PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF LCTHPURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 (PROPOSED SCR)
The Board of Directors of LCTH (“Board”) wishes to announce that the Company has today received a letter from Fu Yu Corporation Limited, on behalf of Fu Yu Investment Pte Ltd requesting the Company to undertake a selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act, 2016 (“SCR Offer Letter”). The Proposed SCR involves LCTH undertaking a selective capital reduction and a corresponding capital repayment of a proposed cash amount of RM 0.58 per ordinary share in LCTH held by all the shareholders of LCTH (other than Fu Yu Investment Pte Ltd but including the persons acting in concert with Fu Yu Investment Pte Ltd, as set out in the SCR Offer Letter), whose names appear in the Record of Depositor of LCTH as at the close of business on an entitlement date to be determined and announced later by the Board. Please refer to the attached SCR Offer Letter for further details on the Proposed SCR. The Board, save for the interested directors who are the persons acting in concert with Fu Yu Investment Pte Ltd, being Hew Lien Lee, Tam Wai, Ho Nee Kit and Ching Heng Yang, will deliberate on the Proposed SCR and decide on the next course of action. Accordingly, a further announcement will be made in due course after the Board’s deliberations. This announcement is dated 7 December 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5631269

Attachments Letter from Fu Yu Corporation dated 7 December 2017.pdf

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董事部完成协商
利丰机构将削资私有化

2018年1月12日
（吉隆坡11日讯）早前接获大股东，被要求展开削资和资本回退的利丰机构（LCTH，5092，主板工业产品股）指出，董事部已完成内部协商，将着手进行私有化计划。

利丰机构昨天向马交所报备，董事部已在今日举行会议，针对之前大股东富裕企业提出的选择性资本削减与资本回退计划已进行慎重考虑。接下来，将召开股东特大向其他股东提出相关建议，并寻求获得批准。

根据文告，如无意外，上述企业活动可在今年次季完成。

富裕企业目前持有公司70.64%股权。按照选择性资本削减与资本回退计划，符合资格的股东，将能获得每股58仙的资本回退，涉及总资本回退金额高达6131万令吉。

完成后，富裕企业将持有利丰机构的所有权，且无意维持上市地位。

富裕企业表示，在全球经济持续不稳定之际，利丰机构一直在充满挑战的环境中营运。

竞争加剧加上成本高涨，导致利丰机构的业绩节节败退。因此，选择性资本削减与资本回退计划，可让股东以溢价的方式，实现在利丰机构的投资。【e南洋】

Type	Announcement
Subject	OTHERS
Description	LCTH CORPORATION BERHAD ("LCTH" OR THE "COMPANY")PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF LCTHPURSUANT TO SECTION 116 OF THE COMPANIES ACT 2016 ("PROPOSED SCR")
The terms used herein shall have the same meaning as those defined in the announcements made on 7 December 2017 and 8 January 2018 unless otherwise stated. We refer to the announcements dated 7 December 2017, 14 December 2017, 4 January 2018, 5 January 2018 and 8 January 2018 in relation to the Proposed SCR. On behalf of the Board, RHB Investment Bank Berhad wishes to announce that the Board, save for the Interested Directors, had, at a meeting held on 10 January 2018, deliberated on the contents of the SCR Offer Letter and had resolved to table the Proposed SCR to the shareholders of LCTH for their consideration and approval. Please refer to the attachment for further details. This announcement is dated 10 January 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5661185

Attachments Announcement - Deliberation Attachment 10 01 2018.pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2017	31 Dec 2016	31 Dec 2017	31 Dec 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	34,170	28,639	111,956	113,581
2	Profit/(loss) before tax	4,401	5,720	13,054	17,059
3	Profit/(loss) for the period	3,968	6,017	10,226	14,480
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,968	6,017	10,226	14,480
5	Basic earnings/(loss) per share (Subunit)	1.10	1.67	2.84	4.02
6	Proposed/Declared dividend per share (Subunit)	0.00	1.50	1.00	2.50
		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 ($$)	58.2900		57.9400

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2018	31 Mar 2017	31 Mar 2018	31 Mar 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	25,595	23,264	25,595	23,264
2	Profit/(loss) before tax	1,217	2,179	1,217	2,179
3	Profit/(loss) for the period	761	1,538	761	1,538
4	Profit/(loss) attributable to ordinary equity holders of the parent	761	1,538	761	1,538
5	Basic earnings/(loss) per share (Subunit)	0.21	0.43	0.21	0.43
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		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 ($$)	0.5850		0.5829

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LCTH CORPORATION BERHAD

EX-date	31 May 2018
Entitlement date	04 Jun 2018
Entitlement time	05:00 PM
Entitlement subject	Others
Entitlement description	Selective capital reduction and repayment exercise pursuant to Section 116 of the Companies Act 2016 ("SCR")
Period of interest payment	to
Financial Year End	31 Dec 2018
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date	08 Jun 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	04 Jun 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.58

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Name	FU YU INVESTMENT PTE LTD
Address	8 Tuas Drive 1 638675 Singapore.
Company No.	199305560E
Nationality/Country of incorporation	Singapore
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	05 Jun 2018	254,295,643	Others	Direct Interest
	Name of registered holder	Fu Yu Investment Pte Ltd
	Address of registered holder	8 Tuas Drive 1 Singapore 638675
	Description of "Others" Type of Transaction	Change in Interest

Circumstances by reason of which change has occurred	Change in effective interest to 100% in LCTH Corporation Berhad ("LCTH") after the selective capital reduction and repayment exercise of LCTH under Section 116 of the Companies Act 2016.
Nature of interest	Direct Interest
Direct (units)	254,295,643
Direct (%)	100
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Total no of securities after change	254,295,643
Date of notice	06 Jun 2018
Date notice received by Listed Issuer	07 Jun 2018

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DELISTING OF THE ENTIRE ISSUED SHARE CAPITAL OF LCTH FROM THE OFFICIAL LIST OF BURSA MALAYSIA SECURITIES BERHAD

LCTH CORPORATION BERHAD

Kindly be advised that the entire issued share capital of LCTH will be removed from the Official List of Bursa Securities with effect from 9.00 a.m., Wednesday, 27 June 2018 pursuant to Paragraph 16.07(b) of the Main Market Listing Requirements.