【BPPLAS 5100 交流专区】南源塑胶

icy97

南源塑胶首季净利涨69%

财经新闻 财经  2016-05-24 10:29
（吉隆坡23日讯）南源塑胶（BPPLAS，5100，主板工业产品股）截至3月杪首季，净利按年大扬69.37%，从去年同期的341万2000令吉，增至577万9000令吉或每股净利3.08仙。

同季营业额按年涨27.69%，至8535万6000令吉，优于上财年同季的6684万5000令吉。

营业额增加归功于出口销售提升、综合产品质素，以及生产效率提高。

另一方面，公司当季宣布每股派息2仙，除权日及享有权益日，分别落在下月8日与10日。

经济逐渐复苏，集团预计包装产品的需求将会恢复弹力。

此外，集团将会斥资1400万令吉，购买新的3米拉伸膜机（Cast Stretch Film Machine），预料将会于末季投入运作，将年产量从7万8000公吨提高至8万8000公吨。【南洋网财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	85,356	66,845	85,356	66,845
2	Profit/(loss) before tax	7,579	4,602	7,579	4,602
3	Profit/(loss) for the period	5,779	3,412	5,779	3,412
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,779	3,412	5,779	3,412
5	Basic earnings/(loss) per share (Subunit)	3.08	1.84	3.08	1.84
6	Proposed/Declared dividend per share (Subunit)	2.00	2.00	2.00	2.00
		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 ($$)	0.8800		0.8800

icy97

EX-date	08 Jun 2016
Entitlement date	10 Jun 2016
Entitlement time	05:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	First interim dividend (Single-tier) of 4%
Period of interest payment	to
Financial Year End	31 Dec 2016
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	SECURITIES SERVICES (HOLDINGS) SDN BHDLevel 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490Kuala LumpurTel: 03-20849000Fax: 03-20949940
Payment date	24 Jun 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	08 Jun 2016
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 (%)	4.0000
Par Value	Malaysian Ringgit (MYR) 0.500

icy97

南源塑胶次季净利扬18%

2016年8月14日
（吉隆坡13日讯）南源塑胶（BPPLAS，5100，主板工业产品股）截至6月30日次季净利按年扬17.62%，至519万4000令吉，或每股净利2.77仙，并宣布派息每股2仙。

同时，因出口市场销售量增加，营业额按年上升17.28%，至7881万1000令吉。

累计首半年，净利按年攀升40.18%，录得1097万3000令吉；营业额则上升22.47%，至1亿6416万7000令吉。

南源塑胶宣布派发第二次中期股息每股2仙，除权日及享有权益日分别落在9月7日和9月9日。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	78,811	67,201	164,167	134,046
2	Profit/(loss) before tax	6,794	5,255	14,373	9,857
3	Profit/(loss) for the period	5,194	4,416	10,973	7,828
4	Profit/(loss) attributable to ordinary equity holders of the parent	5,194	4,416	10,973	7,828
5	Basic earnings/(loss) per share (Subunit)	2.77	2.35	5.85	4.19
6	Proposed/Declared dividend per share (Subunit)	2.00	3.00	4.00	3.00
		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 ($$)	0.8900		0.8800

icy97

EX-date	07 Sep 2016
Entitlement date	09 Sep 2016
Entitlement time	05:00 PM
Entitlement subject	Second interim dividend
Entitlement description	Second interim dividend (Single-tier) of 4%
Period of interest payment	to
Financial Year End	31 Dec 2016
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	SECURITIES SERVICES (HOLDINGS) SDN BHDLevel 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490 Kuala LumpurTel: 03-20849000Fax: 03-20949940
Payment date	22 Sep 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	07 Sep 2016
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
Par Value	Malaysian Ringgit (MYR) 0.500

哭哭鸟

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	79,404	68,397	243,571	202,386
2	Profit/(loss) before tax	5,215	8,059	19,588	17,915
3	Profit/(loss) for the period	3,045	5,954	14,018	13,781
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,045	5,954	14,018	13,781
5	Basic earnings/(loss) per share (Subunit)	1.62	3.17	7.47	7.37
6	Proposed/Declared dividend per share (Subunit)	2.00	0.00	6.00	5.00
		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 ($$)	0.8800		0.8800

icy97

EX-date	07 Dec 2016
Entitlement date	09 Dec 2016
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Third interim dividend (Single-tier)
Period of interest payment	to
Financial Year End	31 Dec 2016
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	SECURITIES SERVICES (HOLDINGS) SDN BHDLevel 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights 50490 Kuala LumpurTel:03-20849000Fax:03-20949940
Payment date	22 Dec 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	09 Dec 2016
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
Par Value	Malaysian Ringgit (MYR) 0.500

Tony-Pua

美元走挺．南源塑胶短期乐观吗？
http://www.sinchew.com.my/node/1613632/

读者MYX问：

关于南源塑胶（BPPLAS，5100，主板工业产品组），我的平均价在1令吉46仙，现在跌到1令吉40仙以下水平了，可以说没有更低只有最低，他的原料好像是算美金的，请问未来的3个月到半年前景会乐观吗？

答：南源塑胶主要涉足塑胶包装产品的制造与销售。若是产品原料是以美元计，换句话说是进口原料，而目前马币汇率特别是兑美元汇率走势波动及贬跌，实是对该公司造成影响。不过，由于大多数产品是供出口，也可能从中赚取更多美元，这反而使公司有望从中获益。

就以南源塑胶截至2016年9月30日为止第三季的最新业绩显示，该公司的营运营业额为7940万4000令吉，其中6270万1000令吉是来自出口市场，其余1670万3000令吉才是来自本地市场。所以美元汇率起，相信反而对公司营收有利。

至于未来3个月到半年的前景是否乐观，近年来，包括在宣布最新业绩后，并没有证券行进行剖析。这里探探其最新财务情况及业绩表现，以及公司对截至12月杪为止的第四季或是全年的展望与计划，以作为其前景是否乐观的一点参考。

该公司财务情况方面，截至2016年9月30日为止，该公司的总资产为2亿零375万2000令吉，包括流动资产下的现金及银行余款为429万令吉、投资证券为4673万令吉、贸易及其他应收款项为3843万2000令吉，以及库存为4066万1000令吉。

至于非流动资产下的产业/工厂/器材则为7363万9000令吉。

总负债仅3808万

另一边厢，该公司的总负债仅为3808万1000令吉，主要是贸易及其他应付款项为2676万5000令吉。该公司的每股资产值为88仙。

截至2016年9月30日为止第三季，南源塑胶的净利下跌至304万5000令吉（每股净利1.62仙），比较前期净利为595万4000令吉（每股净利为3.17仙）。营业额则为7940万4000令吉，前期为6839万7000令吉。第二季派息每股2仙。

该公司首9个月的净利为1401万8000令吉（每股净利为7.47仙），前期净利为1378万1000（每股净利为7.37仙）。营业额为2亿4357万1000令吉，前期为2亿零238万6000令吉。

该公司宣布业绩谈到未来展望时指出，公司了解到未来将有诸多挑战，主要是全球经济复苏停滞不前、最近外汇市场极为波动及国内市场走软，特别是竞争持续升温。

该公司将持续寻求机器及产品的创新良机，推行策略以达到更高的出口销售。

当时，该公司董事部表示，已经购买一项新的机器扩张额外产能，及持续中的成本管理及合理化措施，加上积极地加强产品素质及效率，并持续专注在2016年12月31日为止财政年里（还有第四季待出炉）交出令人满意业绩表现。

文章来源：
星洲日报‧投资致富‧投资问诊‧文：李文龙‧2017.02.12

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	80,787	81,073	324,358	283,458
2	Profit/(loss) before tax	3,280	9,508	22,869	27,309
3	Profit/(loss) for the period	3,848	8,298	17,867	21,834
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,848	8,298	17,867	21,834
5	Basic earnings/(loss) per share (Subunit)	2.05	4.42	9.52	11.67
6	Proposed/Declared dividend per share (Subunit)	2.00	3.00	8.00	8.00
		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 ($$)	0.8800		0.8800

icy97

EX-date	15 Mar 2017
Entitlement date	17 Mar 2017
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Fourth Interim Dividend (Single-tier)
Period of interest payment	to
Financial Year End	31 Dec 2016
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	SECURITIES SERVICES (HOLDINGS) SDN BHDLevel 7, Menara Milenium,Jalan Damanlela, Pusat Bandar Damansara,Damansara Heights,50490 Kuala LumpurTel:03-20849000Fax:03-20949940
Payment date	30 Mar 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	17 Mar 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	0.02
Par Value	Malaysian Ringgit (MYR) 0.000

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

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

1	Revenue	84,333	85,356	84,333	85,356
2	Profit/(loss) before tax	5,029	7,579	5,029	7,579
3	Profit/(loss) for the period	3,629	5,779	3,629	5,779
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,629	5,779	3,629	5,779
5	Basic earnings/(loss) per share (Subunit)	1.93	3.08	1.93	3.08
6	Proposed/Declared dividend per share (Subunit)	2.00	2.00	2.00	2.00
		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 ($$)	0.8800		0.8800

icy97

EX-date	15 Jun 2017
Entitlement date	19 Jun 2017
Entitlement time	05:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	First single-tier interim dividend of 2 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	SECURITIES SERVICES (HOLDINGS) SDN BHDLevel 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490 Kuala LumpurTelephone No.: +603 2084 9000
Payment date	30 Jun 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	19 Jun 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	0.02
Par Value (if applicable)

icy97

Type	Announcement
Subject	OTHERS
Description	BP Plastics Holdings Bhd ("BPPLAS")- Media Release for the Financial Results for the Financial Year Ended 31 December 2016 and First Quarter Ended 31 March 2017
Attached is the BPPLAS Media Release for the Financial Results for the Financial Year Ended 31 December 2016 and First Quarter Ended 31 March 2017. Please refer BPPLAS media release attachment below.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5442129

Attachments Press release 2017.pdf

yk13

这支股票的股价也寂静有一段时间了，不知大家对BPPLAS如何评价？

Tony-Pua

六月专题：高股息系列#12-BPPLAS(5100)产能持续增加，可带动股息上升吗？
2017年6月12日星期一
http://wesharenwetrade.blogspot.my/2017/06/12-bpplas5100.html

业务简介
BPPLAS主要业务为塑胶包装产品的制造与销售。79%的营业额来自海外出口，出口至54个国家，其中日韩两国加起来就贡献38%的营业额。图为公司部分的产品。其产品可分为两大类型，为industrialpackaging（占25%左右）及stretch film（占75%左右）。

行业分类：塑料工业

管理层/大股东
LG Capital Sdn Bhd - 43.16%
Managing Director - Lim Chun Yow – 8.93%
Executive Director - Tan See Khim – 8.93%
Executive Director - Hey Shiow Hoe – 7.63%
以上3位是BPPLAS创办人，亦通过LG Capital Sdn Bhd间接持有股份。

五年财政表现(RM'000)

买高股息公司一定要知道的数据
Dividend yield: 8sen/RM1.45 = 5.5%
Dividend policy: 40%
Dividend payout %:请看图
一年派息次数：4 次 （自2016年始）
派息风格：没有固定的派息模式，不过近期来看有每个季度均派发2仙股息之势。

公司特点
1. 三名创办人
BPPLAS是由以上三名大股东于1990年所创办的，算是还蛮新的公司。Mr.Lim和Mr.Tan是Mr.Hey的Brother-In-Law，算是另一类型的家族生意。3名创办人介于27-28岁就创办这家公司，可说不简单啊。

2. 净利易受行业环境影响
2015年是BPPLAS的高峰期，营业额在没上升的情况下，净利却翻倍。除了公司在营运更有效率外，原材料的成本和外汇利好成为当时净利上升的主要原因。其同业对手TGUAN和SLP也在2015年净利创高峰。近期这三家公司都在营业额提升的情况下不约而同的净利赚幅都出现下滑的情况，最主要的原因是受到主要原材料-Resin价格波动进而影响成本。所以，此行业的净利易受行业环境影响。

3. 下滑的现金流
BPPLAS亦从2015年高峰期的RM60million净现金下滑至RM29million，主要的原因是inventories增加近RM20million，2016年亦花了RM14million买入第6架3-metrecast stretch film machine。公司也正计划在2018年买入第7架此类型的机械以扩大stretchfilm产能，以及第4架COEXBlown Film machine扩大packaging产能。这项投资对公司长期发展的确是好事，不过预计要花RM20million至RM30million左右的投资，这可能会削弱短期派息的能力。

4. 营运额的上升
公司曾于2015年购入第5架3-metrecast stretch film machine并投入运作。在加上2016第4季度刚刚投入运作的第6架3-metrecast stretch film machine，估计2016年的营运额可持续增加10%左右。在加上未来的投资计划，其营运额有望持续成长。

适合收股息的指数（满分为5）：4分
因为净利近期表现不是很好，股价走势近期也相当低迷。短期来看这行业应该会持续低迷一段日子。

不过，如果以长远发展来看，公司目前积极投入资金扩充产能其业绩必定有所提高，在加上每个季度均有派息的趋势，会是不错的成长股息股。

Tony-Pua

5100    BPPLAS    BP PLASTICS HOLDING BHD

Quarterly rpt on consolidated results for the financial period ended 30/06/2017

Quarter: 2nd Quarter Financial Year End: 31/12/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 30/06/2017 30/06/2016 30/06/2017 30/06/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 73,833 78,811 158,166 164,167 2 Profit/Loss Before Tax 2,158 6,794 7,188 14,373 3 Profit/(loss) attributable to ordinary equity holders of the parent 1,627 5,194 5,257 10,973 4 Net Profit/Loss For The Period 1,627 5,194 5,257 10,973 5 Basic Earnings/Loss Per Shares (sen) 0.87 2.77 2.80 5.85 6 Dividend Per Share (sen) 0.00 2.00 2.00 4.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.8700 0.8800

哭哭鸟

icy97

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	84,875	79,404	243,041	243,571
2	Profit/(loss) before tax	3,598	5,215	10,785	19,588
3	Profit/(loss) for the period	4,260	3,045	9,516	14,018
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,260	3,045	9,516	14,018
5	Basic earnings/(loss) per share (Subunit)	2.27	1.62	5.07	7.47
6	Proposed/Declared dividend per share (Subunit)	2.00	2.00	4.00	6.00
		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 ($$)	0.8900		0.8800

icy97

EX-date	14 Dec 2017
Entitlement date	18 Dec 2017
Entitlement time	05:00 PM
Entitlement subject	Second interim dividend
Entitlement description	Second single-tier interim dividend of 2 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	SECURITIES SERVICES (HOLDINGS) SDN BHDLevel 7, Menara MileniumJalan Damanlela, Pusat Bandar DamansaraDamansara Heights50490 Kuala LumpurTelephone No. 603 2084 9000
Payment date	29 Dec 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	18 Dec 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	0.02

icy97

无法完全转嫁成本．南源扩产明年释放效益

（吉隆坡16日讯）南源塑胶（BPPLAS，5100，主板工业产品组）产能扩张明年才释放效益，然而近期受美元走疲、营运与树脂成本稍涨所累，预期2017财政年核心盈利减逾半（53%）至1370万令吉，终止前期的“短线买进”评级。

该行也预测2018与2019财政年盈利为1350万与1490万令吉，预测2018年杪安装新机器进行产能扩张，并开始在2019年奏效，每月可增产能最高700公吨。

该家工业包装与制造塑胶膜制造商2016财政年销售有79%来自出口，其63%销售以美元计，11%是新元，5%为其余外币。

南源去年斥资500万令吉建新厂与货仓，并于今明两年斥资2500万令吉采购新机械增产能。2016年产能使用已达70%，平均年产能达6万8400公吨，2017年与今年料维持此产能。

肯纳格预期马币今年稍回扬至4.10兑1美元，比2017年平均的4.20回扬2%。

基于63%销售由美元组成，肯纳格敏感分析显示，美元每走软1%，可促成南源塑胶营收走低0.6%。

该行预期南源塑胶营运赚益只4%，比同侪森德公司（SCIENTX，4731，主板工业产品组）和通源工业（TGUAN，7034，主板工业产品组）低，后两者赚幅分别7%与8%。

“我们相信南源无法完全转嫁高营运与原本成本，以保持价格竞争力。”

遵循至少40%派息政策

该公司遵循至少40%的派息政策，过去3年平均派息6仙至8仙，肯纳格预测今年派息5.7仙，派息达80%，稍比过去3年平均80%派息政策低。

肯纳格列南源为无评级，调低目标价，由2令吉15仙调低至1令吉，主要是盈利受外汇因素压缩，预测今年本益比14倍，相比森德公司17.4倍、通源工业15.3倍。

文章来源：
星洲日报‧财经‧报道：张启华‧2018.01.16

Tony-Pua

5100    BPPLAS    BP PLASTICS HOLDING BHD

Quarterly rpt on consolidated results for the financial period ended 31/12/2017

Quarter: 4th Quarter Financial Year End: 31/12/2017 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2017 31/12/2016 31/12/2017 31/12/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 85,515 80,787 328,557 324,358 2 Profit/Loss Before Tax 4,725 3,280 15,510 22,869 3 Profit/(loss) attributable to ordinary equity holders of the parent 3,312 3,848 12,828 17,867 4 Net Profit/Loss For The Period 3,312 3,848 12,828 17,867 5 Basic Earnings/Loss Per Shares (sen) 1.76 2.05 6.83 9.52 6 Dividend Per Share (sen) 0.00 2.00 4.00 8.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.8900 0.8800