【AJIYA 7609 交流专区】安吉雅

糊涂

安芝雅(Ajiya)

我是在Ajiya 转板到主板工业股后才开始留意上它，这几年来它的业绩表现并不特别显眼，也极少有分析员去留意它，而它的股价也随着大市走低至RM1左右。这家建材生产商在过去两年建筑、产业不景气时依然能够维持其每股盈利实属难能可贵，其生产的“安全玻璃”产品生意蒸蒸日上，弥补了它金属部衰退的业绩。当然，它最吸引我的地方还是它健全的资产表与逐年增加的股息。

[ 本帖最后由 Mr.Business 于 5-12-2007 09:04 AM 编辑 ]

糊涂

这是抄自The Star的旧闻，我也不翻译了，原文帖上就好。

Ajiya sets five-year target to take the lead
BY ZAZALI MUSA IN SEGAMAT, JOHOR

AJIYA Bhd has set a target for itself to become a leading building materials company in Malaysia and South-East Asia in five years.  ”The company believes that it has to be strong in the country first before thinking of venturing overseas,” Ajiya group managing director Chan Wah Kiang said.  The Segamat-based company and its subsidiaries manufacture, distribute and market metal-based building materials.  Ajiya also produces an extensive range of glass and safety glass in Malaysia that is used by white goods manufacturers and furniture makers.   Chan said the company always looked at the Japanese automobile makers that had conquered the world market with their high quality vehicles.  He said these manufacturers only ventured outside Japan when they felt that they were strong enough domestically before competing internationally.  

Chan said the company started venturing outside Malaysia in 2003 by exporting its products to Singapore.   Last year, Ajiya's products entered Thailand, Indonesia and Vietnam.  “The company regards the three countries as its first-tier step to further expand its presence into other Asean countries,” he said.  Chan said the Asean region had a population of over 550 million people and that the regional market was too big to ignore.  
“The Asean market is as equally important and lucrative as China or India's. However, Ajiya's has limited resources to penetrate all Asean countries at one go. We had to do it slowly and steady by going for the three countries first,” he said.  

Chan said Thailand's vibrant economy and booming construction industry was offering plenty of opportunities to the building materials industry.  
Indonesia, he said, was politically stable now with the change in its leadership. The country is also attracting more foreign investors to develop its economy. “Apart from economic development, Indonesia also has to rebuild its Aceh province, damaged by tsunami in December last year.  
“In fact, the company has received many enquiries from Indonesian parties to supply building materials to Aceh,” he said.  

Chan said apart from China, Vietnam was also becoming a favourite spot for most multinational corporations (MNCs) to relocate their operations.  
“The Vietnamese government is business-friendly and aggressively attracting investors into the country,” he said.  Chan said Ajiya would continue to build up its presence in Thailand, Indonesia and Vietnam this year by developing its business contacts.  “We hope to forge synergistic partnerships with locals before setting up manufacturing facilities in those countries,” he said.  “The company is looking to set up one plant each in Thailand, Indonesia and Vietnam next year or by 2007,” he said.  Chan said by that time, business transactions in the three countries were sufficient enough for the company to have its own manufacturing facilities.  He said the company found that it was uneconomical to set up operations overseas if there were not enough transactions to sustain its operations.  “That is why the company is building and strengthening its position in the three countries now,” Chan said.  He said the company was willing to invest between RM10mil and RM20mil to set up a manufacturing plant.   Chan said the company might consider joint ventures or acquiring existing operations in its expansion programme.  
“We are also grooming our managers for overseas postings under our regional expansion plans,” he said.  The company has several plants in Segamat, Puchong and Sungai Petani catering to the southern, central and northern markets, including southern Thailand.  

Apart from Asean countries, Chan said the company did not have any immediate plans to venture into China.  But he did not dismiss the possibility of setting up operations in China in 10 to 20 years from now.  “You have to be a giant in order to venture into a giant market like China. To have operations in China will require full commitment unless the company is willing to move the entire operations from Malaysia to the republic,” he said.  
Chan said the company had no plans to move its local operations to China as it found that the Chinese working culture was totally different from that of Malaysia.  He also said Ajiya had no interest to go to India although many parties in the country had expressed their interest to work with the company. “There is no doubt that the Indian economy is emerging and its construction industry booming, but there are many red tapes.”   The company now exports 40% of its products to Australia, Indonesia, New Zealand, Sri Lanka, Singapore, Thailand and Vietnam.  

糊涂

这两篇文章较新，其它文章的内容已差不多快要发霉了，我也就不贴了。待会有空整理好后再以中文简单带过就好。

MD: Good times ahead for building materials industry
BY ZAZALI MUSA IN SEGAMAT, JOHOR

MALAYSIA still offers good opportunities for Ajiya Bhd to establish itself as one of the leading industrial building system providers (IBS) in the country.  Ajiya group managing director Chan Wah Kiang said although the local construction industry had slowed down, the company was confident that it would be back on track again.  He said the company was banking on the announcement made by the Government recently to revive the sector by creating 26 projects worth RM2.4bil.  

Chan said the multi-billion dollar integrated holiday resort-cum-casino projects in Singapore would also create demand for building materials.   
“We are crossing our fingers for good times ahead in the construction and building materials industry,” he said in an interview.  Chan said it was important for the company to become a leading IBS in the country in view of stiff competition in the construction industry.  “As a one-stop integrated centre for building materials, we are able to customise our products to our clients according to their specifications. Once we have a strong footing in Malaysia, it is only appropriate for us to expand overseas,” Chan said.   The company is building up its Ajiya brand to become a well-known and respectable name in Malaysia and other countries in the region.  “A famous brand will open up more opportunities for the company to market its products and to compete against other regional players,” Chan said.  The company’s safety glass products will enter the Japanese market this year.  

Chan said the company was proud to be able to penetrate Japan's safety glass market, known for its stringent requirements.  Ajiya produces tempered and other types of strengthened glass.  Prospects for building materials industry are good as more builders worldwide were looking for new types of materials and designs.  “Building materials made from metal and glass are getting cheaper and more widely used now to replace timber and concrete-based materials,” said Chan.  

He said timber was getting more expensive due to its limited supply and campaigns by environmentalists against the cutting down of trees.   Chan said the demand for metal and glass-based building materials was small 10 to 15 years ago because of their limited supply and high prices.  ”Wooden door frames were still cheap because of the abundant supply of timber when we started selling metal door frames,” he said.  
However, the aggressive campaigns by environmentalists against the cutting down of trees in recent years had caused the price of timber to rise. As such, builders opted for greater usage of metal-based door frames.  

According to Chan, the usage of glass has also gained popularity as the building material of choice over concrete.   “Architects all over the world are always on the lookout for materials which can help to reduce energy costs. Glass is that material,” Chan said, adding that Ajiya had the technology to produce glass with design versatility.  Ajiya would focus its attention on developing and strengthening its safety glass segment, which it started in late 2003.  The company is not resting on its laurels although it has an extensive range of safety glass products in the country and probably in the region.  “We are working hard to be a leading glass player in the country first, and like always after that, we will expand beyond Malaysia,” Chan said.  He said the company was also supplying glass to multinational white goods manufacturers and major furniture companies in Malaysia.  

Chan said many multinational corporations (MNCs) with local operations also bought Ajiya's glass products and exported them to manufacturing facilities in other parts of the world.  He said among Ajiya's glass products were gas hob tops, microwave oven doors, washing machine windows and computer screens.  Chan said the company also wanted to promote its safety glass among local furniture makers currently relying on imported glass.  He said many local furniture makers were using China-made glass that had “flooded” the market.  “We want to capture a large share of the local furniture glass market within the next two years,” Chan said.

CrazyCuteFish

我不大会。。但看来好像不错哦 ！！ ＾＾ 如果我想买应该如何做呢？？大家觉得买多还是买少少投投机算啦？？

可请教这位前辈对于这只股是投资还是投机呢??因为之前的推介都让我感觉好像有一点点的投机成分。
说错话别怪我，新人一个。

Harimau

Ajiya 就在 DHL 仓库的隔壁而已。

糊涂兄如果有来 KL，带你去参观参观  

shuhjiunho

如果想要收Ajiya这个股，Dividen也许是唯一主要的吸引力吧！

公司在Puchong，主业都是离不开玻璃。现在开始配套不破玻璃，和家具，特别是办公写字桌也一起配套而卖了。另外也做些透光不透热的玻璃镜片。公司成长率和国家成长有比较密切的关系。近来国家的成长，和将来这几年的成长，缓慢了许多。

唯一比较遗憾的是，管理层对海外的开发还不够积极。这样的情况下，将来还会怎样呢？

糊涂

CrazyCuteFish，八月逆，
此股不适合投机，有闲钱不想放在银行，买入它绝对是一个很不错的选择(它的股息回酬比银行的利息还高些)。我把它列为抗跌并不是因为它的业务稳定，而是它被严重低估与下跌空间有限。无法否认，它的股价在短期内并不会带来任何的惊喜，我只是觉得它与两年前的Yilai处境很相似，它们都是低本益比、净现金公司、高股息(逐年增加的派息率)，还有最重要的一点就是大家对它都没什么兴趣。我装修屋子之际，得知建材价格已开始回升，尤其是钢铁、金属、瓦砖，漆料等，这对从事建材生意的Ajiya来说都是利好消息。在大众还没发现它之前入场，等待大抢购之际出货才是上上之策。难得它回跌至1.04分，我就向大家分享我的功课啦。

糊涂

原帖由 Harimau 于 17-2-2006 10:19 AM 发表
Ajiya 就在 DHL 仓库的隔壁而已。
糊涂兄如果有来 KL，带你去参观参观  

呵呵，能够与虎兄把酒言股已是我的福分。若能够与虎兄一起去参观它的工厂更是妙事一件，必能获益良多。

糊涂

shuhjiunho兄，

我倒喜欢它稳扎稳打的作风，大马安全玻璃市场还是由中国货主导。在2003年才开始生产安全玻璃的Ajiya还有不少的成长空间，只要能够从中国生产商手上抢到客户，它的成长就很可观了。同时，它也就更有筹码闯出大马了。

所以，我倒是很看好它的成长潜能呢。  

web

Ajiya 在二板时我就推荐我姐姐买了。当时RM１。７。她在赚了三四十分后就卖了。

最近盈利好像是每年在跌是吗？现在股价竟然跌到一元。对行业前景不太明朗。

谢谢你，糊涂。。。这个解释让我了解到你对这只股的热心，那你看好他会到达的目标是多少???

糊涂

刚宣布6分需扣税股息(6% Less 28% Tax)，以昨日1零吉收市价来算也有4.32%的净利呢！哈，我又有零用钱花了。

chin82

原帖由 糊涂 于 17-2-2006 12:45 AM 发表
这是抄自The Star的旧闻，我也不翻译了，原文帖上就好。

Ajiya sets five-year target to take the lead
BY ZAZALI MUSA IN SEGAMAT, JOHOR

AJI ...

Ajiya 設置五年目標領先
由ZAZALI 芭蕉科在SEGAMAT, JOHOR

AJIYA Bhd 設置一個目標使本身成為一主導的建築材料公司在馬來西亞和東南亞洲在五年。 ¡±公司相信, 它必須是強的在國家首先在認為冒險之前國外,¡± Ajiya 小組總經理Chan Wah Kiang 說。 基於Segamat 公司和它的輔助者製造, 分佈和銷售基於金屬建築材料。 Ajiya 並且導致玻璃的一個廣泛的範圍並且安全玻璃在由白色物品製造商使用和的馬來西亞傢具製作商。 Chan 認為公司總看征服了世界市場以他們的上流的日本汽車製作商質量車。 他說這些製造商唯一被冒險的外部日本當他們認為他們國內是足夠強的在競爭之前國際上。

2003 年Chan 認為公司由出口建立冒險外部馬來西亞它的產品向新加坡。 去年, Ajiya 的產品進入了泰國、印度尼西亞和越南。 ¡°公司看待三國家作為它的一排步進一步擴大它的場地入其它東南亞國家聯盟國家,¡± 他說。 Chan 認為東南亞國家聯盟區域有550 百萬人民和那的人口地方市場太大以至於不能忽略。
¡°東南亞國家聯盟市場是像相等地重要和賺錢作為中國或印度的。 但是, Ajiya 的限制資源擊穿所有 ASEAN 國家一致是。 我們必須慢慢地做它和穩定由去為三個國家首先,¡± 他說。

Chan 認為泰國的充滿活力的經濟和興旺的建築業是提供的大量機會對建築材料產業。
印度尼西亞現在政治上, 他說, 是槽櫪以變化在它上領導。 國家並且吸引更加外國的投資者顯現出它的經濟。 ¡°除經濟發展之外, 印度尼西亞必須還重建它的Aceh 省, 被海嘯損壞在12月去年。
¡°實際上, 公司接受了許多詢問從印度尼西亞黨提供建築材料給Aceh,¡± 他說。

Chan 說除中國, 越南之外並且成為一個喜愛斑點為多數跨國公司(MNCs) 調遷他們的操作。
¡°越南政府是事務友好的和進取地吸引投資者入國家,¡± 他前述。 Chan 說的Ajiya 會繼續今年加強它的存在在泰國、印度尼西亞和越南由開發它的商務聯繫。 ¡°我們希望以前建立與本機的協同作用的合作安裝製造業設施在那些國家,¡± 他說。 ¡°公司看設定一棵植物每個在泰國、印度尼西亞和越南明年或在2007 年以前,¡± 他說。 Chan 認為那時, 事務交易在三個國家是足夠充足的為公司有它自己的製造業設施。 他說公司找到它是浪費設定操作國外如果沒有足夠交易承受它的操作。 ¡°那是為什麼公司是大廈和鞏固它的地位在三國家現在,¡± Chan 認為。 他說公司是願意投資在RM10mil 和RM20mil 之間設定a 製造工廠。 Chan 認為公司也許考慮聯接事業或獲取現有的操作在它的擴展節目。
¡°我們並且修飾我們的經理為國外 0N 投稿根據我們的地方拓展計劃,¡± 他前述。 公司有幾棵植物在Segamat 、Puchong 和Sungai Petani 迎合南部, 中央和北市場, 包括南泰國。

除ASEAN 國家之外, Chan 認為公司沒有任何直接計劃對事業進入中國。 但他沒有駁回可能性安裝操作在中國在10 到20 年從現在起。 ¡°您必須是巨型為了冒險入巨人市場喜歡中國。 有操作在中國將要求充分的承諾除非公司是願意從馬來西亞移動整個操作向共和國,¡± 他說。
Chan 認為公司沒有計劃移動它的地方操作向中國當它發現中國運作的文化是完全與那馬來西亞不同。 他並且說Ajiya 沒有興趣去印度雖然許多黨在國家表達了他們的興趣工作以公司。 ¡°沒有疑義, 印第安經濟湧現和它的建築業興旺, 但那裡是許多繁文縟節。¡± 公司對澳洲、印度尼西亞、紐西蘭、斯里南卡、新加坡、泰國和越南現在出口40% 它的產品。

chin82

原帖由 糊涂 于 17-2-2006 12:50 AM 发表
这两篇文章较新，其它文章的内容已差不多快要发霉了，我也就不贴了。待会有空整理好后再以中文简单带过就好。

MD: Good times ahead for building materials industry[/b ...

MD: 好時期向前為建築材料產業
由ZAZALI 芭蕉科在SEGAMAT, JOHOR

馬來西亞仍然提供好機會給Ajiya Bhd 委任自己主導的工廠廠房系統提供者的當中一個(IBS) 在國家。 Ajiya 小組總經理Chan Wah Kiang 說雖然地方建築業減速了, 公司是確信的它再會回來在軌道。 他說公司開戶公告由政府最近做復興區段創造26 個項目價值RM2 。4bil 。

Chan 認為億萬美元集成假日手段附帶賭博娛樂場項目在新加坡並且會創造對建築材料的需求。
¡°我們向前但願我們的好時期建築和建築材料產業,¡± 他說在採訪。 Chan 認為它是重要為公司成為主導的IBS 在國家由於激烈的競爭在建築業。 ¡°作為一次停頓建築材料的聯合中心, 我們能定做我們的產品對我們的客戶根據他們的規格。 一旦我們有一個強的立足處在馬來西亞, 它是只適當為我們擴展國外,¡± Chan 說。 公司加強它的Ajiya 品牌成為a 知名和可敬的名字在馬來西亞和其它國家在區域。 ¡°一個著名品牌將開放更多機會使公司銷售它的產品和競爭反對其它地方球員,¡± Chan 說。 公司¡¯s 安全玻璃產品將進入日本人市場今年。

Chan 認為公司是驕傲能擊穿日本的安全玻璃市場, 知道為它的嚴密要求。 Ajiya 導致被磨鍊的和其他類型被加強的玻璃。 遠景為建築材料產業是好的雖然更多建造者全世界是尋找材料和設計的新型。 ¡°大廈材料由金屬和玻璃被做得到更加便宜和更加廣泛使用現在替換木材和基於具體的材料,¡± 前述Chan 。

他說木材得到更加昂貴由於它有限的供應和競選由環境保護者反對縮短樹。 Chan 認為對金屬和基於玻璃的建築材料的需求是小10 到15 年前由於他們有限的供應和高價格。 ¡±木門框是便宜的由於木材豐富的供應當我們開始賣金屬門框架,¡± 他說。
但是, 進取的競選由環境保護者反對縮短樹近年來導致木材的價格上升。 , 建造者選擇了基於金屬的門框更加巨大的用法。

根據Chan, 玻璃用法並且贏得了聲望作為選擇混凝土建築材料。 ¡°建築師總全世界是在監視為能幫助的材料減少能源費用。 玻璃是那材料,¡± Chan 前述, 補充說, Ajiya 有技術生產玻璃以設計通用性。 Ajiya 會集中它的注意於顯現出和加強它的安全玻璃段, 它後開始 2003 年。 公司不基於它的月桂樹雖然它有安全玻璃產品的廣泛的範圍在國家和大概在區域。 ¡°我們艱苦工作是帶領玻璃球員在國家首先, 和像總在那以後, 我們將擴展在馬來西亞之外,¡± Chan 認為。 他說公司並且提供玻璃給多民族白色物品製造商和主要傢具公司在馬來西亞。

Chan 認為許多跨國公司(MNCs) 以地方操作並且被買的Ajiya 的玻璃產品和對製造業設施出口他們其它世界的地區。 他說在Ajiya 的玻璃產品之中是供氣滾刀上面、微波爐門、洗衣機窗口和電腦屏幕。 Chan 認為公司並且想促進它的安全玻璃在地方傢具製作商之中當前依靠進口玻璃。 他說許多地方傢具製作商是使用中國做有的玻璃 ¡°充斥¡± 市場。 ¡°我們想要奪取一個大份額地方傢具玻璃市場在以後二年之內,¡± Chan 說。

d3viL

今天rm1.25收市。。版主果然有远见

heiha

My fren working in Ajiya,说management很差。sales man 一个顶十个，commission very low，每晚作到11pm没OT。 酱的公司迟早死。外面烟幕来得。得个壳吧了。

原帖由 d3viL 于 27-4-2006 05:07 PM 发表
今天rm1.25收市。。版主果然有远见

當日看了版主的帖后亦趁低買了許少。不過以150lots的vol看來﹐+0。12的漲幅是不能作準的。

jkmss007

我不懂得用科学方法看股票，所以我不能有条有理地详细分析股票。
...............................................
如果Ajiya的华文译名是：安吉雅有限公司，我有预感，Ajiya 的股价
会在第二季(28-4>>>24-7-2006)回弹，就跟Tap一样。

希望都是真的！



[ 本帖最后由 jkmss007 于 28-4-2006 10:55 PM 编辑 ]

有誰知道為甚麼Ajiya昨天閉市價RM1.12﹐但今天的Refer Price RM1.06? 是因為Dividend的關係嗎?