【QL 7084 交流专区】全利资源

stereo

3亿4千万里有约一亿是会用在MPM的，包括建设深海渔船，到时候可以增加鱼获。
想问问，年报里说2011年完成35000acres的油粽种植是否包括开始收成的3000acres和刚完成的7000acres在内？？

killerz

哇。。你的平均价很低哦。。。

无花

3000Acre 的现在有收成了.
至30/06/08, 印尼那里种下7000 acre了,到2011 年这7000acre才会有收成.

到了2011 年印尼那片35000acre的地才会种满(现在已种了7000acre)

哇。。你的平均价很低哦。。。

2,500买一粒后不断的分到7500 unit, 成本当然低啦

scsiang82

全利资源雄心万丈　印尼泗水增食品厂
二零零八年九月一日 晚上七时二十分


（吉隆坡1日讯）国内最大海产食品制造商--全利资源有限公司（QL，7084，主板消费产品组）将会在印尼泗水开设它在海外的首个食品加工厂，这将会使到该公司的食品产量至少可增长25%。

据该公司董事经理谢雄坤（译音）称，该间耗资2500万令吉的鱼酱工厂，将会在年底动工，并会在2010年首季建竣。

该公司目前每年生产高达约2万公吨的鱼酱，主要是出口到新加坡、日本与韩国等国家。

全利资源的海事业务在截至2008年3月31日为止的全年财政年内，为公司带来37%或高达1亿令吉的营业额收入，这些收入是在销售鱼酱时所获得。

谢氏称，公司有信心能达到分析师预测它在09年财政年内的净利，可增长15%至20%的要求。

据他称，全球鱼酱的目前平均售价每公吨达1万令吉，其价格在过去两年来已增长30%至50%。

在提及公司的其他业务时，据谢氏称，公司计划在越南开设鸡蛋农场，因这个业务在越南具有潜能，其市场是庞大与利润具有吸引力。

该公司在08年财政年内，所获得净利由去年的6320万令吉挺至8080万令吉，营业额方面，由前期的11亿令吉增至13亿令吉，而其每股收益由一年前的28.75仙扬升至36.71仙。

http://www.kwongwah.com.my/news/2008/09/01/75.html

scsiang82

只要肯定看到的是美景，那等一等也无所谓。。。

无花

只怕夜长尿多!!

scsiang82

那就要常起来小便或穿纸尿裤。。。

无花

要常起身尿尿就不叫夜长了!

总结报章的新闻和年报.
1.要在越南大搞ILF
2.要在印尼大搞MPM和POA, 每年狂种一万Acre的油棕和开一家鱼浆加工厂.
3.伺机收购本地的蛋鸡场.
4.接下来两年会进行大约3.4亿的投资.

WEILY

全利資源（QL，7084，主板消費品組）未來兩年每年資本開銷預算達1億7000萬令吉，作為認購新工廠、建造費用、提高產品、進行越南農業整合和印尼種植等拓展計劃經費。董事經理謝松坤週三（8月27日）在股東大會和特大會結束後表示，資本開銷預算增加是因為過去海產和家畜業務主力集中在國內，目前業務經已拓展至國外，需要更多資金來進行在越南、印尼等地的區域性計劃。
此外，他提及公司未來欲發展的種植地達2萬公頃，因此在棕油發展方面也需要更大的資本開銷。
“截至今年6月30日，共有7000英畝種植地已完成種植，料每年進行1萬英畝的種植計劃，預計至2011年財政年，將順利完成3萬5000英畝地的種植計劃。”
全利資源海產食品業務以魚糜和魚飼料為主，分佈大馬、日本、韓國、新加坡、台灣、澳洲、中國、印尼、歐洲、美國等國家。在未來兩年，將分配1億令吉推動海產業務發展，包括提升工廠操作、轉用生物燃料、建設深海船和進行海外拓展計劃，
該公司也將在未來兩年，投入1億2000萬令吉在家畜業，以提高業務生產力，發展東馬畜牧飼料、養雞場等。
該公司積極拓展海外業務，謝松坤坦言大馬市場已達飽和，並不意味成長空間受限，惟國外區域性發展為業務成長更迅速的平台，特別是越南和印尼發展潛力大。
他強調，家畜、海運及種植業始終是公司核心業務，發展市場仍大，在未來也無意拓展其他業務。
該公司不會特意設立農場，反而是透過購買現存農場來提高產量。公司在兩個月前經已在古晉認購農場，同時最近也在吉打居林購置新農場，這兩項計劃投資額達2000萬令吉。
他說：“居林農地的雞蛋產量每日為33萬顆，順利提高公司每日的雞蛋產量至200萬顆。”
面對通膨壓力、汽油攀升、原料成本高企不下打擊，謝松坤直言，公司業務多元化，且擁有優良的風險管理團隊，對貨幣、政治因素、原油價格趨向等評估後採取護盤行動，皆有助於公司度過難關。
公司截至2008年6月30日止首季，淨利為2154萬4000令吉，比較前期盈利1542萬5000令吉成長了39.67%，營業額自前期的3億1397萬1000令吉，上揚16.09%至3億6449萬2000令吉。
公司在首季盈利取得近40%成長，他對公司前景樂觀，也有信心公司在全年能如分析員預計，盈利達15%至20%成長。
他說，公司目前派息率政策為25%至30%，發放6.5仙股息也較去年成長。他也提到，該公司每年流動現金超過1億，同時在私下配售股項後，已降低負債率，從40%降至20%。

scsiang82

22-08-2007: QL to invest RM120m in three growth areas
by Woon Wu Lin
Email us your feedback at [email protected]


SUBANG JAYA: QL Resources Bhd is looking at investing about RM120 million in capital expenditure (capex) to expand its three core businesses in neighbouring countries.

QL managing director Chia Song Kun said the proposed capex for the year ending March 31, 2008 was RM40 million per division. Its three core activities are marine products manufacturing, integrated livestock farming and plantations.

Speaking to reporters after its AGM and EGM here yesterday, he said the total capex for FY07 was over RM100 million.

Chia said QL was exploring the possibility of acquiring a plant in Singapore for fish-based products that would be for domestic consumption.

It is also looking at acquiring more suitable land in East Kalimantan for oil palm plantation. The group currently has 20,000ha of oil palm plantation land and two crude palm oil mills.

“Within the next 12 months, we will plant 4,000 hectares,” he said, adding that its entire plantation land would be developed and planted within the next four years.

QL has decided to defer its biodiesel project in view of high diesel prices. “We are looking at other downstream projects like crude palm oil refining and cellulosic bio energy,” Chia said.

He said it was exploring the possibility of livestock farming in Vietnam via the setting up of a plant there that could have the potential to yield half a million to a million chicken eggs.

QL is working to expand its livestock division by converting the existing open house to close house system.

“On the processing side, we are transforming our fishmeal production to switch from fossil fuels to biomass,” said Chia.

He added that two of the fishmeal plants, one in Endau, Johor, and another in Hutan Melintang, Perak, had switched to biomass power for a year, while work had just started on a third plant in Kota Kinabalu, which was to be completed in the next 15 months.

“We are converting all these plants to be environmental friendly and to lower operating costs.

“Mesocarp fibre, sawdust and paddy husks help reduce fuel cost by 70% per tonne,” said Chia, adding that it was a worthwhile investment despite the higher capex cost.

Other forms of growth include expanding QL’s deepsea fishing fleet, which will be bolstered by five new vessels by year-end at a total cost of RM10 million.

“In total, we have 15 deepsea ships operational, with five more on the way,” Chia said. QL exports to over 20 countries such as China, Korea, Japan and Hong Kong for marine products alone.

According to its 2007 annual report, QL reported uninterrupted growth for the past 20 years with a constant return on equity of more than 20%.

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_8c5ddc72-cb73c03a-d647d800-7898e5a3

scsiang82

18 Aug 2008: Small-Cap Corner: Flourishing QL's three-legged strategy
By Choong Khuat Hock
Email us your feedback at [email protected]


With a market capitalisation of RM900 million, QL Resources is listed on the Main Board of Bursa Malaysia. The company, led by founder Chia Song Kun, achieved its milestone of RM1 billion turnover in FY2006 ended March 31, and has maintained net profit growth at more than 20% per annum since listing in 2000. In FY2008, it achieved a turnover of RM1.3 billion and net profit of RM80 million.

QL's core businesses are marine-based products - mainly semi-processed raw fish products and fish meal; feed commodities and livestock farming; and oil palm plantations. These contributed 21%, 56% and 23% respectively to the company's FY2008 revenue. The marine-based products division posted the highest profit before tax (PBT) margin of more than 13%, followed by PBT margins of slightly above 3% by the oil palm and feed and livestock divisions. Due to firmer crude palm oil prices in 2008, the oil palm division is expected to make a higher contribution in FY2009.

QL's marine-based products division produces surimi (semi-processed raw fish products, that is, fish paste and fish balls) and fishmeal. The company's facilities are located in both East and West Malaysia. It produces an estimated 20,000 tonnes of surimi annually and most of its marine-based products are exported to Japan, South Korea and Singapore.

Chia believes that Malaysia's fishing industry is viable despite higher operating costs - brought on by more expensive fuel - thanks to government tax incentives and subsidies. The selling prices of marine-based products have risen by more than 30% year on year, mainly due to cost-push factors. However, QL is confident margins can be maintained.

The feed and livestock (chicken) division is looking increasingly promising because the conversion from feed to meat stands at 2kg:1kg, 4kg:1kg and 7kg:1kg for chicken, pork and beef respectively. Thus, the rise in food and feed prices is likely to result in a higher consumption of chicken. Since the demand for chicken versus other meats appears to be inelastic, broiler producers have little cause for concern. Feed cost is estimated to have increased by 35% from a year ago and 200% from two years ago.

As QL's broiler production is currently confined to Sabah, it is considered a small player in Malaysia. However, the company's two million per day egg production represents 10% of the Malaysian market.

Egg farming is a low-margin, high-volume game, whereby efficiency is paramount for maintaining profit. This implies that a higher production cost will likely eliminate inefficient players, which explains the current consolidation in the industry. Many small and medium players are keen to sell their operations but it's a "buyer's market". As efficient players can easily achieve an organic growth of 15% per annum, they may not find it necessary to buy inefficient farms. Moreover, turnaround efforts incur risks.

QL's oil palm division is considered the "third leg" in its three-legged business strategy. It has 3,000 acres of oil palm estates in Sabah and an estimated 20,000ha of land in eastern Kalimantan, which is just three hours away by ferry from Tawau.

QL's planting programme involving 20,000ha should be completed by 2011. As experienced by other Malaysian companies, delays may be encountered due to native, land and operational issues in Indonesia.

Overall, the company aims to expand by about 10% to 15% per year via organic growth, new businesses and mergers and acquisitions. Moving forward, QL's ventures in Vietnam will feature prominently due to the potential size of the market there and relatively good margins in the egg business.

The company's net tangible assets per share is about RM1.09 per share, while net gearing stands at about 30%. We do not expect net gearing to rise much because the company is expected to generate more than RM100 million cash in FY2009 from business operations, which is significantly higher than its planned capital expenditure for the next two financial years.

QL does not have many peers here and is often compared to Thailand's Charoen Pokphand Foods, which is much larger in terms of revenue. QL's revenue is only 10.6% of Charoen's, but its higher margins mean that its net profit is 37.4% of Charoen's.

QL's prospective price-earnings ratio for FY2009 ending March 31 of 9.7 times is lower than the market's and could be rerated upwards if the company maintains its sterling track record.

Choong Khuat Hock is head of stock research and a partner at Kumpulan Sentiasa Cemerlang Sdn Bhd, a fund management company

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_d8cd9a64-cb73c03a-df294000-67a04324

无花

卡贴..............................................................

scsiang82

QL的竞争者。。。

Teo Seng Capital aims to list at end-Oct
Published: 2008/09/08


The company is into poultry farming, manufacturing and marketing of paper egg trays and animal feed as well as distribution of pet food

TEO Seng Capital Bhd, a company involved in poultry farming, aims to list on Bursa Malaysia’s second board at the end of October.

Besides poultry farming, Teo Seng’s other businesses include manufacturing and marketing of paper egg trays, animal feed, distribution of pet food, medicine and other related products.

Teo Seng was founded 30 years ago as a broiler farm in Batu Pahat by the Nam family.

However, the company’s most successful phase came after an alliance with Leong Hup Holdings Bhd, which acquired 51 per cent of its equity, as well as a complete conversion into layer farming.

The company has grown unabated from one layer farm with a capacity of 120,000 layer birds in 1992 to seven farms with over 1.3 million layer birds today, with a production average of one million eggs daily.

Teo Seng’s initial public offering will involve the public issue of 38.61 million new ordinary shares of 20 sen each at an issue price of 45 sen per share.

Of this total, 15 million will be made available to the Malaysian public, 6.11 million will be privately placed and 10 million to eligible employees and business associates of Teo Seng and its subisidiaries.

The remaining 7.5 million shares will be placed to approved Bumiputera investors.

Meanwhile, there will be an offer for sale of 42 million shares to approved Bumiputera investors. — Bernama

http://www.btimes.com.my/Current_News/BTIMES/Monday/Latest/20080908132518/Article/index_html

有目标的大头

大头留个脚印，因为QL是大头想买进的股票之一。

terryhua

大头哥，你的组合还蛮多一下的哦
先祝贺你成功哟

[ 本帖最后由 terryhua 于 11-9-2008 11:17 AM 编辑 ]

有目标的大头

原帖由 terryhua 于 11-9-2008 11:16 AM 发表
大头哥，你的组合还蛮多一下的哦
先祝贺你成功哟

谢谢，大头也是4个罢了，还打算加多两个，但要买进这4个股票后。
你呢？？

terryhua

我还是新手而已，还有很多要向这里的大大慢慢学习。
先开始存钱，再慢慢分出来投资。。。

无花

海產和飼料生產獲獎掖‧全利擴大產能受惠大
大馬財經  2008-09-11 19:10
（吉隆坡）2009年預算案通過國家食品安全政策，為海產和飼料生產領域提供56億令吉的獎掖，全利資源（QL，7084，主板消費品組）作為主要海產加工和綜合飼料生產商將是主要受惠者。
達證券指出，全利資源擬在霹靂州設立最新冷凍魚糜廠，，或獲得高達1億令吉資本開銷獎掖，國家食品安全政策為業者擴大產能，提供為期15年高達60%的再投資補貼。
全利資源是全馬規模最大的魚糜和魚粉生產商，這個領域門檻非常高，不易出現新的競爭對手，而且，公司是國內主要深海捕魚公司，為生產魚糜供應原料占盡優勢。
達證券指出，全利資源2009和2010年為海產加工業務，提供1億令吉的資本開銷，除了霹靂州建立新的冷凍魚糜廠，耗資800萬美元的印尼泗水魚糜廠，今年12月將開始建廠工程。
全利資源公司也計劃在越南發展綜合農場計劃，負責生產和經銷飼料，也飼養蛋雞供應雞蛋，農場工程將在今年12月啟動。
全利資源也是全馬最大的飼料經銷商，在全馬占18%市場分額。其雞蛋市占率高達10%，每日產量為200萬粒雞蛋，估計東馬綜合農場計劃投產後，2010年每日產量將增至300萬粒。
另一方面，種植領域雖然不獲得預算案大禮，但全球對食品和燃料需求持續增長，將對全利資源的種植業務起正面影響，2009和2010年的資本開銷，也包括在亞庇發展一座生物燃料工廠和倉庫。
達證券指出，全利資源將進駐種植下游附加價值業務，特別是第2代生物燃料和派污管理，以從有關領域的稅務優惠受惠。
儘管海產和畜牧業面對各種環境風險，例如氣候轉暖、禽流感和過度捕魚等，但全利資源每年盈利不曾下降，全球對食品和生物燃料需求增長，該公司展望仍一片光明。
達證券根據2009年的7.4倍本益比，較全球同業折價10%，和10.7仙的每股盈利預測推算，全利資源的目標價將達到3令吉52仙。

无花

从这报导中得到，
1.一亿的资本开消(CAPEX) ,如果真的有一个亿的CAPEX,税务可真省不少.
2.海外扩张, 印尼有鱼糜和种植棕油树,越南有综合农场生鸡蛋和饲料.
3.大马一天消费2千万粒蛋，QL 占10%的市场,即200万粒. 两三年后要增产到300万.占有率要超过20%. 董事的策略主要是收购同侪为主.
4.风险依然不变,自然灾害如海鱼资源的枯竭,禽流感和气候的问题等.
5.按过往记录,董事局着重于公司成长, 股息率平均保持在25%左右.

aliluya

原帖由 无花 于 11-9-2008 08:46 PM 发表
从这报导中得到，
1.一亿的资本开消(CAPEX) ,如果真的有一个亿的CAPEX,税务可真省不少.
2.海外扩张, 印尼有鱼糜和种植棕油树,越南有综合农场生鸡蛋和饲料.
3.大马一天消费2千万粒蛋，QL 占10%的市场,即200万粒. 两 ...

花兄 ..... 小弟正等待着机会加码

近期真是多得公司回购不少喔

其它的股票都下跌到七七八八了

QL 股价每次闭市都被保持左 2.70 以上

还下不了手


花兄 ...... 你几时还会加码吗？