【3A 0012 交流专区】3A资源

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销量走高．3A资源末季赚1403万

（吉隆坡20日讯）销量走高带动3A资源（3A，0012，主板工业产品组）盈利成长，截至2017年12月31日第四季净利扬升8.28%，至1402万6000令吉；全年净利涨7%，至4164万8000令吉。

第四季营业额起15.14%，至1亿零942万3000令吉；全年营业额报4亿1148万5000令吉，升6.13%。

董事部表示，税前盈利成长放缓12.5%，至1737万8000令吉，归咎于外汇影响之故。

展望未来，董事部预期麦芽糖3号厂投运后，可为业务做出正面贡献。


文章来源：
星洲日报‧财经‧2018.02.21

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	109,423	95,037	411,485	387,718
2	Profit/(loss) before tax	19,556	17,378	55,791	53,448
3	Profit/(loss) for the period	14,026	12,953	41,648	38,921
4	Profit/(loss) attributable to ordinary equity holders of the parent	14,026	12,953	41,648	38,921
5	Basic earnings/(loss) per share (Subunit)	2.85	2.63	9.20	8.59
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	1.80	1.80
		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 ($$)	0.6287		0.5680

icy97

3A资源
股价低迷进场良机

2018年2月22日

分析:大众投行研究
目标价:1.17令吉

最新进展:

3A资源（3A，0012，主板工业产品股）截至12月杪末季，净利按年增8.28%至1402万6000令吉。营业额则按年攀升15.14%至1亿942万3000令吉。

累计全年，净利按年扬7.01%，报4164万8000令吉；营业额按年升6.13%，录得4亿1148万5000令吉。

行家建议:

排除脱售中国联营公司250万令吉所得后，3A资源的净利表现仍然超出预期，达到我们全年预测的108.7%。

净利胜预期，归功于出色的销售和原材料成本走跌。

我们将投资评级上调至“超越大市”，3A资源股价近期走势低迷，现在是进场扫货的良机。

放眼未来，3A资源的销售和净利都可有稳定增长。

虽然近期股价不振，但因基本面仍旧良好，我们认为现在进场非常具吸引力。

另外，脱售中国联营公司后，3A资源可壮士断臂止亏，之后更可将多出的资本开销用在其他更高回酬的投资。



【e南洋】

哭哭鸟

3A资源 – FY18盈利看高一线

3A创办于1977年，在2002年上市于大马创业板，并于2008年转至主要板。创办初期，集团主要涉及焦糖色素 (Liquid Caramel) 的生产，之后逐渐扩大产品范围至大豆蛋白酱 (Hydrolyzed Vegetable Protein)、天然酿造食醋 (Natural Fermented Vinegar)、麦芽糖糊精 (Maltodextrin)、葡萄糖浆 (Glucose Syrup) 及麦芽糖浆 (Maltose Syrup)。

3A的主要产品焦糖色素广泛运用在各种食品与饮料，包括汽水、酱、调味料、酒、化学品等等；麦芽糖糊精是一种广泛使用于布丁、汤料、奶粉等干饮料的高增值填补品；葡萄糖浆及麦芽糖浆则主要用于糖果、药水、饼干和酱料领域。

作为本地首屈一指的食品与饮料配料生产商，3A的整体业绩表现在过去5年皆保持稳步增长。集团的核心产品是许多食品与饮料生产过程中不可或缺的主要成分。因此，这些产品的需求可说是经受得起经济衰退的考验。 换句话说，无论市场好或坏，其业务不会受大幅度影响。这可解释为何3A的股价长期以极高的PE进行交易。

在食品及饮料领域，若要打造稳重及受市场青睐的品牌，一家企业必须要有销售优质产品的良好记录。一旦成功建立自己的品牌，这将加强企业的基础，同时扩大销售网络及创造更多机会，从而扩大市场份额。

在2009年，3A私下配售17%的股份给予新加坡的丰益国际Wilmar，而后者晋升为3A的主要股东。值得一提，Wilmar的创办人是大马首富郭鹤年。

在2010年，3A与Wilmar签订联营协议合作进军中国市场，以扩展旗下业务。双方联合成立一家联营公司，命名为Three-A (Qinhuangdao) ，各持50%股权。双方在中国秦皇岛设立厂房，以生产及销售饮食产品原料，如大豆蛋白酱。

然而，自2012年投产以来，这家联营企业在过去5年皆没有录得任何盈利。其产品销售迟迟无法达到预期，同时也必须承担高额的营销费用。根据管理层，食品饮料领域的客户往往在下单前需要更长时间对新推出的产品进行质量评估。

虽然管理层在之后采取各种策略，以加快渗透到庞大的中国市场，但是仍然无法转亏为盈。其中一个因素是厂房仍未达到最佳运作水平运作。换句话说，这家联营企业的销售收入无法抵消整体开销。

经过6年的亏损后，3A在去年9月终于决定“认赔离场”，脱售Three-A (Qinhuangdao) 的50%股权给予Wilmar，从而避免中国联营业务进一步拖累集团的表现。这项脱售计划已在去年12月完成，而从FY18Q1起，集团未来无需再承担这家联营企业的亏损，如无意外，3A接下来每年的盈利将额外提升RM5m左右。

另一方面，3A的麦芽糖糊精3号厂房已经竣工。这座新厂房每月可生产2,200公吨麦芽糖糊精，但是目前使用率仅达到25%左右，依然还有不小的成长空间。集团将逐步提升这厂房的使用率，预计往后可带来越来越高的贡献。

此外，3A在去年2月收购莎阿南的两块地皮与厂房。这项资产收购主要为了集团未来的扩展，以兴建更多食品及饮料配料生产线、仓库及办公楼。对于新厂房扩建计划，目前还未落实。

估值方面，假设3A可在FY18按年取得10%成长，并交出大约RM45m的盈利。以492m股数计算，其每股盈利将会是9.15仙。再以15倍PE推算，3A的每股价值大约是RM1.37。


RH Research

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icy97

原料价格与外汇损失提高 3A资源首季净利跌40%
Wong Ee Lin/theedgemarkets.com
May 07, 2018 19:20 pm +08

（吉隆坡7日讯）3A资源（Three-A Resources Bhd）首季净利按年下跌39.57%，因原料价格及净外汇损失提高，导致盈利赚幅下降。

3A资源今日向大马交易所公布，截至3月杪首季净利为624万令吉，或每股1.27仙，相比上财年同期的1032万令吉，或每股2.62仙。

由于销量减少，该公司首季营业额从1亿318万令吉，微滑0.68%至1亿248万令吉。

展望未来，3A资源表示，该集团正在进行收购现有工厂附近土地的计划，这预计将为未来作出积极贡献。

“由于原料价格依然不稳定，且商业环境仍充满竞争，集团继续致力于通过规模经济、成本优化和提高生产力，并同时生产高质量产品来实现更佳的表现。”

由于该集团正在评估产品售价和替代原料，因此预期截至12月杪2018财政年将交出满意表现。

（编译：陈慧珊）

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	102,478	103,182	102,478	103,182
2	Profit/(loss) before tax	6,955	14,460	6,955	14,460
3	Profit/(loss) for the period	6,238	10,323	6,238	10,323
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,238	10,323	6,238	10,323
5	Basic earnings/(loss) per share (Subunit)	1.27	2.62	1.27	2.62
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 ($$)	0.6414		0.6287

icy97

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原料价格高企拖累 3A资源次季净利暴跌42%
Wong Ee Lin/theedgemarkets.com
August 07, 2018 20:24 pm +08

（吉隆坡7日讯）截至今年6月30日止第二季（2018财年第二季），3A资源（Three-A Resources Bhd）的净利劲挫42%至529万令吉，上财年同期为917万令吉，主要是原料价格暴涨影响产品赚幅所致。

该集团向大马交易所报备，销量下滑导致季度营业额微挫1%至1亿136万令吉，上财年同季报1亿234万令吉。

截至今年6月杪首半年（2018财年首半年），该集团净赚1152万令吉，比2017财年首半年的1950万令吉，按年暴跌41%，营业额则从2亿552万令吉，按年微跌1%至2亿384万令吉。

展望未来，3A资源预计，原料价格将保持波动，而集团的商业环境仍具竞争力。

该集团董事估计，该集团将在2018财年取得满意的表现。

（编译：魏素雯）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2018	30 Jun 2017	30 Jun 2018	30 Jun 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	101,361	102,338	203,839	205,520
2	Profit/(loss) before tax	6,928	11,002	13,883	25,462
3	Profit/(loss) for the period	5,285	9,174	11,523	19,497
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,285	9,174	11,523	19,497
5	Basic earnings/(loss) per share (Subunit)	1.07	1.86	2.34	3.96
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 ($$)	0.6521		0.6287

icy97

icy97

icy97 发表于 28-2-2017 03:59 AM
3A资源1700万
灵市购2地及工厂

2017年2月26日
（吉隆坡25日讯）3A资源（3A，0012，主板工业产品股）宣布以总值1700万令吉收购八打灵县的2块地皮与工厂。

3A资源今日向马交所报备，子公司San Soon Seng 食品 ...

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	THREE-A RESOURCES BERHAD("3A") PROPOSED ACQUISITIONS BY SAN SOON SENG FOOD INDUSTRIES SDN BHD (SSSFI), A WHOLLY OWNED SUBSIDIARY OF 3A, OF THE FOLLOWING:-(I)ONE PIECE OF VACANT LAND HELD UNDER TITLE HSM 12526, PT NO. 64, TEMPAT KG PAYA JARAS, MUKIM SUNGAI BULOH, DAERAH PETALING, NEGERI SELANGOR(THE PROPERTY I); AND (II) ALL THAT PIECE OF LAND HELD UNDER TITLE H.S.(D) 295891, PT 583, PEKAN BARU SUNGAI BULOH, DAERAH PETALING, NEGERI SELANGOR TOGETHER WITH A FACTORY ERECTED THERON("THE PROPERTY II)
We refer to the Company’s announcements made on 24th February 2017, 1st March 2017 and 3 May 2017 in relation to the Proposed Acquisitions. The Board of Directors of 3A wishes to announce that the proposed acquisition of the Property II has been completed on 7 August 2017. This announcement is dated 18 September 2018.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2018

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2018	30 Sep 2017	30 Sep 2018	30 Sep 2017
		$$'000	$$'000	$$'000	$$'000

1	Revenue	113,784	96,542	317,623	302,062
2	Profit/(loss) before tax	10,410	13,670	24,294	39,132
3	Profit/(loss) for the period	8,398	11,022	19,922	30,519
4	Profit/(loss) attributable to ordinary equity holders of the parent	8,398	11,022	19,922	30,519
5	Basic earnings/(loss) per share (Subunit)	1.71	2.24	4.05	6.20
6	Proposed/Declared dividend per share (Subunit)	2.00	1.80	2.00	1.80
		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 ($$)	0.6692		0.6287

icy97

EX-date	12 Dec 2018
Entitlement date	14 Dec 2018
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Interim Single-Tier Dividend of 2.00 sen per ordinary share
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	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	27 Dec 2018
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	14 Dec 2018
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	14 Dec 2018
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	0.02

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2018

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

1	Revenue	120,354	109,424	437,977	411,485
2	Profit/(loss) before tax	9,910	16,658	34,204	55,790
3	Profit/(loss) for the period	9,198	11,128	29,120	41,647
4	Profit/(loss) attributable to ordinary equity holders of the parent	9,198	11,128	29,120	41,647
5	Basic earnings/(loss) per share (Subunit)	1.87	2.26	5.92	8.46
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	2.00	1.80
		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 ($$)	0.6679		0.6287

icy97

Date of change	14 Mar 2019
Name	DATO' MOHD NOR BIN ABDUL WAHID
Age	66
Gender	Male
Nationality	Malaysia
Designation	Chairman
Directorate	Independent and Non Executive
Type of change	Vacation Of Office
Reason	Dato' Mohd Nor Bin Abdul Wahid vacated office pursuant to the Consent Judgement dated 14 March 2019 recorded by the Kuala Lumpur High Court.

icy97

icy97 发表于 14-2-2018 04:02 AM
公布联营计划前先增持
3A资源主席内线交易被控

2018年2月14日
（吉隆坡13日讯）3A资源（3A，0012，主板工业产品股）主席拿督莫哈末诺阿都华希涉内线交易，遭证监会提控，如罪成最高刑罚是10年的牢狱之灾和罚款 ...

Type	Announcement
Subject	OTHERS
Description	General Announcement by Three-A Resources Berhad ('the Company' or '3A')
Further to the Company’s announcement on 13 February 2018, the Company wishes to inform that the Kuala Lumpur High Court had on 14 March 2019 recorded a Consent Judgment between the Securities Commission ('SC') and Dato’ Mohd Nor Bin Abdul Wahid ('Dato’ Mohd Nor') granting the following order sought by the SC:- a declaration that Dato’ Mohd Nor had contravened S188(2)(a) of the Capital Markets and Services Act 2007 ('CMSA') when he acquired 500,000 Three A Resources Berhad (3A) shares on 5 October 2009 whilst in possession of inside information; an order that Dato’ Mohd Nor pay the sum of RM50,201.40 which is equivalent to three (3) times the amount of RM16,733.80 being the difference between the price at which the 3A shares had been acquired and the price at which the 3A shares would have been likely to have been acquired at the time of the acquisition, if the inside information relating to the proposed collective venture between 3A and Wilmar International Limited had been made generally available; an order for civil penalty of RM1,000,000.00 against Dato’ Mohd Nor; an order that Dato’ Mohd Nor be barred from being a director of any public listed companies for a period of 5 years; an order that Dato’ Mohd Nor be prohibited from any involvement or dealings in any securities on a stock market within Malaysia for a period of 5 years; Interest; and Costs.

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2019	31 Mar 2018	31 Mar 2019	31 Mar 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	102,503	102,478	102,503	102,478
2	Profit/(loss) before tax	10,123	6,955	10,123	6,955
3	Profit/(loss) for the period	7,480	6,238	7,480	6,238
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,480	6,238	7,480	6,238
5	Basic earnings/(loss) per share (Subunit)	1.52	1.27	1.52	1.27
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 ($$)	0.6831		0.6679

icy97

3a资源次季净利扬18.6%
https://www.enanyang.my/news/20190822/3a资源次季净利扬18-6/

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2019

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2019	30 Jun 2018	30 Jun 2019	30 Jun 2018
		$$'000	$$'000	$$'000	$$'000

1	Revenue	107,877	101,361	210,380	203,839
2	Profit/(loss) before tax	8,415	6,928	18,538	13,883
3	Profit/(loss) for the period	6,268	5,285	13,748	11,523
4	Profit/(loss) attributable to ordinary equity holders of the parent	6,268	5,285	13,748	11,523
5	Basic earnings/(loss) per share (Subunit)	1.27	1.07	2.79	2.34
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 ($$)	0.6958		0.6679

icy97

THREE-A RESOURCES BERHAD

Date of change	28 Aug 2019
Name	MR FANG CHEW HAM
Age	71
Gender	Male
Nationality	Malaysia
Designation	Managing Director
Directorate	Executive
Type of change	Resignation
Reason	Personal reason