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【UMS 7137 交流专区】友联控股

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发表于 18-6-2011 06:22 PM | 显示全部楼层 |阅读模式
本帖最后由 icy97 于 30-10-2011 02:24 AM 编辑



几年前,买了几立的UMS当作自己投资组合里收股息。如今稍微看到略有回酬。
在这里想和大家一起探讨这家公司。
如对此公司有研究的可以一起交流你对UMS这公司的看法。欢迎大家。

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 楼主| 发表于 18-6-2011 06:31 PM | 显示全部楼层
公司简介 :
Founded in 1941, under the name of Syarikat Union Motor Supply, UMSH has grown into a key player in the distribution of industrial spare parts and implementation of systems that help keep our customers at maximum operation efficiency.

UMSH is listed on the KLSE Second Board. With subsidiaries engaging in the distribution of mechanical power transmission, material handling systems and industrial spare parts, UMSH services a wide spectrum of industries which include (but not limited to) palm oil, sugar, quarry, cement, rubber, timber and the manufacturing sectors.

An extensive network of suppliers and maintenance service providers enables us to work closely with customers to keep their processes at peak performance. Our comprehensive inventory of industrial spare parts ensure that our customers get the components that they need at any time.

In addition, we also have a team of industrial engineering experts and technicians to implement systems that meet your requirements. Our systems are designed for versatility, reliability and cost effectiveness.

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发表于 18-6-2011 07:12 PM | 显示全部楼层
yatlokfat兄最近介绍很多股哦。
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发表于 18-6-2011 09:51 PM | 显示全部楼层
ums周息率超过5巴仙,未来几年有机会送红股。值得投资。
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 楼主| 发表于 19-6-2011 11:24 PM | 显示全部楼层
股海宝藏:友联控股小而美
2009/08/17
慧眼

由于投资者对于前二板公司(现在已经纳入为主要市场公司)的基本因素和管理层,一般上都拥有较负面的看法,所以,他们通常都不会选择这类公司。尽管交易所已经将两板合并,但是仍然需要一些时间,消除投资者对前二板公司的负面看法,以及分辨优劣公司。在这一专栏,笔者想要介绍的是一家素质良好且被低估的前二板公司,它就是友联控股(UMS,7137,主板贸服股)。

友联控股是在1996年4月在第二板上市,当时的缴足资本为2000万令吉(每股面值1令吉)。在2001年5月,它以1对1比例派送红股之后,缴足资本增长至4000万令吉。

在今年8月3日交易所进行两板合并计划之后,现在友联控股是在主要板上市。



尽管股价表现卓越,估值仍然便宜。友联控股股价表现超越富时隆综指37%(以一个月为计算基础)以及38%(以两个月为计算基础)。

尽管表现超越大市,但是,估计还是不昂贵,因为以8月13日闭市价1.11令吉计算,目前它是在08财政年本益比5.2倍以及较09财政年账面价值严重折价54%的水平交易。不包括08财政年的每股24仙净现金,它只是在4.1倍水平交易。

更甚的是,如果该公司管理层选择对其西马、东马和新加坡的商用产业进行重新估值的话,它的账面值折价幅度更大,因为大多数产业都是在80年和90年代初购买的。

有能力派更高股息

由于新进者需要同供应商建立良好的关系,以及需要长时间取得客户的信任,因此,拥有稳固客户群、与伙伴建立良好关系、以及对产品素质做出承诺的友联控股,地位将非常的稳固。

有能力派发更高股息。由于表现改善,这使到它的净派息率由1999财政年的1仙提升至2008财政年的 6仙。由于截至今年3月为止,它拥有没有630万令吉的净现金,再加上有迹象显示经济最糟糕的情况即将过去,因此凭着它过去5年的派息记录,投资者可以期待它派发至5仙至6仙的股息。

这意味着投资在这公司周息率为4.5%至5.4%之间,这比目前处在2%至2.5%水平的定期存款利率更高。

股东价值大幅提升

自从在的1996年上市以来,管理层已经将公司转变为一家分销机械输送产品以及工业部件的主要业者之一。

在过程中,友联控股的每股盈利及股东基金也由1999财政年的分别5.4仙和4800万令吉,提升至2008财政年的21.4仙以及9400万令吉。

更甚的是,股息的派发也由99财政年的1仙提升至08财政年6仙。

截至今年3月底为止,拥有5700万令吉庞大储备,使它有能力派送红股。继2001年5月以1送1比例派送红股之后,友联控股拥有能力再次派送红股(例如1送1或2送到1)。

派送红股将使到友联控股的缴足资本反映现有的业务规模,同时也可以回馈投资者以及增加股票的流通性。

涵盖工业广泛 确保收入稳定

友联控股成立于1941年,它已经成长为分销机械输送产品和工业部件以及落实系统的主要业者。它的业务是确保其客户将运作效率发挥得淋淋漓尽致。

它的子公司的业务为分销机械电动输送、财料处理系统以及工业部件。友联控股的供应商除了来自马来西亚之外,也有来自日本、欧洲和美国的国际供应商。

友联控股的业务不受到区域和国内经济放慢的影响,因为它的产品对于客户来说是属于必须品,这使到公司拥有稳定的经常收入。

此外,它服务的领域也非常广泛,这包括棕油、农业、采石、采矿、洋灰、橡胶、石油及天然气、半导体、木材、建筑、药剂和制造业领域。

该集团也拥有广泛的供应商网络和维修服务提供者,以密切同客户合作,使客户拥有卓越的生产效率。此外,它拥有一组很强的工程专业人士,以及技术人员,以使系统达到可信赖和成本效率的目标。

资产管理良好

自从06财政年以来,盈利便显著改善。尽管业务营运环境充满挑战,但是友联控股的盈利由06财政年至08财政年期间,取得43%的复合平均增长率,而营业额则取得9%的复合平均增长率。这主要归功于该集团广泛的分销网络和积极努力推销集团内部各种业务组合的主要产品。

此外,它也能够良好的控制成本和资产管理,这使到它的前景备受看好。在过去这些年来,友联控股已经通过同美国、欧洲和日本的分销商和伙伴的技术协助,而成功开发和提升技术和知识。

由于全球出现走出经济不景气的迹象,因此预料友联控股在经历2009财政年经济前景不明朗的考验之后,2010财政年的盈利预料将会进一步改善。

投资风险 进入超买

当然,任何投资都有风险。由于友联控股拥有稳固的基本因素,这使到它受到市场追捧,股价至今已经写下将近9年来的高点,而且技术而言已经进入超买区,所以可能会面对套利压力。不过,此股任可调整行动将提供投资者一个趁低买入的机会。

其他的风险包括马来西亚经济放缓的步伐比预期更为激烈。

还有就是小资本在市场出现重大调整时,它们下挫的幅度会更大。

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发表于 20-6-2011 08:54 PM | 显示全部楼层
今天有上到,但又跌回去一些。
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发表于 16-8-2011 02:19 PM | 显示全部楼层
今天想进ums~ok毛?
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 楼主| 发表于 16-8-2011 11:26 PM | 显示全部楼层
本帖最后由 yatlokfatt 于 1-10-2011 11:11 AM 编辑

根据学术研究显示,长期投资在被低估公司的回酬,可能比投资在“热门”公司的回酬更佳。
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 楼主| 发表于 1-10-2011 11:24 AM | 显示全部楼层


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发表于 25-11-2011 03:58 AM | 显示全部楼层

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

1Revenue

20,372

16,870

81,263

71,661

2Profit/(loss) before tax

4,761

3,709

15,127

11,502

3Profit/(loss) for the period

4,069

3,373

11,836

8,817

4Profit/(loss) attributable to ordinary equity holders of the parent

4,064

3,365

11,759

8,754

5Basic earnings/(loss) per share (Subunit)

9.99

8.27

28.90

21.51

6Proposed/Declared dividend per share (Subunit)

10.00

10.00

10.00

10.00









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 ($$)

2.8300

2.6100

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 楼主| 发表于 19-12-2011 11:27 PM | 显示全部楼层
本帖最后由 yatlokfatt 于 19-12-2011 11:32 PM 编辑


Review of current year performance

Revenue for the current year ended 30/9/2011 has increased to RM81,263,000 as compared to RM71,661,000 for the preceding year ended 30/9/2010, an increase of 13.40%.

Net profit from ordinary activities attributable to shareholders of the company for the current year ended 30/9/2011 has increased to RM11,759,000 as compared to RM8,754,000 for the preceding year ended 30/9/2010, an increase of 34.33%.

The increase in net profit attributable to shareholders was mainly due to increase in revenue.

For the quarter under review, revenue has increased by 20.76% to RM20,372,000 as compared to RM16,870,000 recorded in the preceding year’s quarter. Net profit from ordinary activities attributable to shareholders for the year under review has increased by 20.77% to RM4,064,000 as compared to RM3,365,000 previously.

The increased in net profit attributable to shareholders was mainly due to increase in revenue.


Comments on material changes in the profit before taxation for the quarterly results compared to the results of the preceding quarter.

Revenue for the current quarter ended 30/9/2011 has decreased to RM20,372,000 as compared to RM22,234,000 for the preceding quarter ended 30/6/2011, a decrease of 8.37%.

Profit before taxation of the Group for the current quarter ended 30/9/2011 has increased to RM4,761,000 as compared to RM 4,222,000 for the preceding quarter ended 30/6/2011, an increase of 12.77%.

The increase in net profit before taxation despite a decrease in revenue was mainly due to surplus in fair value adjustment of investment properties of RM1,325,000 in quarter ended 30/9/2011.



Current financial year’s prospects


The Outlook  for the coming financial year as well for the year 2012 remain cautious and uncertain, due to various
global economic / political factors such as:-


1.The outcome of the European debt crisis which will have a contagion effect on the global economy.


2.The stuttering recovery of the  US economy and


3.Other unforeseen political and natural upheavals that have unfavorable consequences /effects on the local
economy.

Locally for the year 2012,the Government is expecting a growth of 5-6%,which in the opinion of the Board might be
quite a challenging target to achieve The Government intend to mitigate all the negative factors via stimulation of local consumption and timely implementation of the Economic Transformation Projects.      


Therefore, the outlook for 2012, will be cautious and hopefully barring all unforeseen political as well as natural
disasters, the Group's performance will remain stable and profitable                    



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发表于 28-2-2012 02:27 AM | 显示全部楼层

SUMMARY OF KEY FINANCIAL INFORMATION

31/12/2011



INDIVIDUAL PERIOD

CUMULATIVE PERIOD

CURRENT YEAR QUARTER

PRECEDING YEAR
CORRESPONDING
QUARTER

CURRENT YEAR TO DATE

PRECEDING YEAR
CORRESPONDING
PERIOD

31/12/2011

31/12/2010

31/12/2011

31/12/2010

$$'000

$$'000

$$'000

$$'000

1Revenue

21,326

20,212

21,326

20,212

2Profit/(loss) before tax

3,836

3,498

3,836

3,498

3Profit/(loss) for the period

2,822

2,554

2,822

2,554

4Profit/(loss) attributable to ordinary equity holders of the parent

2,815

2,533

2,815

2,533

5Basic earnings/(loss) per share (Subunit)

6.92

6.23

6.92

6.23

6Proposed/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 ($$)

2.8800

2.8100

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发表于 2-3-2012 02:50 AM | 显示全部楼层
Company Name

:

UMS HOLDINGS BERHAD
Stock Name

:

UMS  
Date Announced

:

01/03/2012

EX-date

:

09/04/2012
Entitlement date

:

12/04/2012
Entitlement time

:

05:00:00 PM
Entitlement subject

:

Special Dividend
Entitlement description

:

Subject to shareholders' approval at the forthcoming Annual General Meeting, a Special Dividend of 4% (less Malaysian Income Tax @ 25%) in respect of the financial year ended 30 September 2011.
Period of interest payment

:

to
Financial Year End

:

30/09/2011
Share transfer book & register of members will be

:

12/04/2012 to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no

:

Equiniti Services Sdn. Bhd.
(Formerly known as MIDF Consultancy and Corporate Services Sdn. Bhd.)
Level 8 Menara MIDF
82 Jalan Raja Chulan
50200 Kuala Lumpur
Tel : 603-2166 0933
Fax : 603-2166 0688
Payment date

:

27/04/2012

a.

Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers

:

12/04/2012

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

:

Percentage
Entitlement in percentage (%)

:

4
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发表于 2-3-2012 02:50 AM | 显示全部楼层
Company Name

:

UMS HOLDINGS BERHAD
Stock Name

:

UMS  
Date Announced

:

01/03/2012

EX-date

:

09/04/2012
Entitlement date

:

12/04/2012
Entitlement time

:

05:00:00 PM
Entitlement subject

:

Final Dividend
Entitlement description

:

Subject to shareholders' approval at the forthcoming Annual General Meeting, a Final Dividend of 6% (less Malaysian Income Tax @ 25%) in respect of the financial year ended 30 September 2011.
Period of interest payment

:

to
Financial Year End

:

30/09/2011
Share transfer book & register of members will be

:

12/04/2012 to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no

:

Equiniti Services Sdn. Bhd.
(Formerly known as MIDF Consultancy and Corporate Services Sdn. Bhd.)
Level 8 Menara MIDF
82 Jalan Raja Chulan
50200 Kuala Lumpur
Tel : 603-2166 0933
Fax : 603-2166 0688
Payment date

:

27/04/2012

a.

Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers

:

12/04/2012

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

:

Percentage
Entitlement in percentage (%)

:

6
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发表于 28-3-2012 09:59 PM | 显示全部楼层
ums....你何时才来??等你等到颈项都长了。。。。。
March 09 : > RM0.80
March 10 : > RM1.40
March 11 : > RM1.60
March 11 : > RM1.87(28/03/2011)

10年来,每个季度都赚钱。股票又少,不知道大股东有计划什么。
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发表于 2-4-2012 03:53 PM | 显示全部楼层
ums....你何时才来??等你等到颈项都长了。。。。。
March 09 : > RM0.80
March 10 : > RM1.40
March 1 ...
xiaomao 发表于 28-3-2012 09:59 PM


大大买了很久收藏么
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发表于 2-4-2012 07:54 PM | 显示全部楼层
耐心等待收割,不过开始有点不耐烦了。股东没买进,公司也不回购。不懂要等到何时。
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 楼主| 发表于 2-4-2012 10:10 PM | 显示全部楼层
最近看到它的Q1FY12的业绩后,尽管已经处于高点水平,但还是忍不住多买几立来做长期投资。
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发表于 2-4-2012 11:30 PM | 显示全部楼层
回复 18# yatlokfatt

你是长期投资者。
这股最低0.65-0.70++在这三年里。。你有收到吗??
不过现在真的很高了,不是很敢再进了。。。
pasdec值得研究看看。。
有什么好股介绍研究一下。
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发表于 9-4-2012 10:24 PM | 显示全部楼层
bonus issue 指日可待。
也希望大股东私有化。。。。
等到生根了咯。
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