【3A 0012 交流专区】3A资源

chengyk

chengyk

[ 本帖最后由 chengyk 于 4-6-2008 08:42 AM 编辑 ]

sunshinefood

３a，第３版的，不好玩的股。哈哈

5605566

18/06/2008
上mainboard

sunshinefood

你肯定？如果是这样就好玩了咯。

5605566

Three-A Plantation (Pahang) Sdn. Bhd. ("TPPSB").

chengyk

一些从年报拿到的资料 :

About Us
Three-A Resources Berhad (TARB) is principally an investment holding company with one only wholly-owned subsidiary, San Soon Seng Food Industries Sdn Bhd (SSSFI). SSSFI was founded in 1977 as a Liquid Caramel producer named under Soon Seng Sauce Mixture & Food Factory. By 1989, it was converted into private limited company under the name of San Soon Seng Food Industries Sdn Bhd In 1999, Perbadanan
Nasional Berhad took 30% equity stake through a capital injection and subsequently in 2002, SSSFI became the wholly-owned subsidiary of TARB. TARB was listed on the MESDAQ Market of Bursa Malaysia Securities Berhad on 13 August 2002.

Focus on Core Business
TARB remains focused on its core strength in the Food & Beverage industry through its whollyowned subsidiary, SSSFI. SSSFI is one of the
leading Food & Beverage ingredients manufacturers in the country with products ranging as follows:
• Caramel Colour (Full Range) • Glucose Syrup; Maltose Syrup • Soya Protein Sauce (Hydrolyzed Vegetable Protein; HVP) • Natural Fermented
Vinegar; Distilled Vinegar; Rice Vinegar
• Caramel Powder; HVP Powder; Soya Sauce Powder • Maltodextrin

Presence In Domestic & Export Market
TARB Group continues to strengthen its presence and market share in the domestic market. Besides, the Group has successfully ventured into countries around the world and confident that the export market will contribute much needed earning growth in the future.

5605566

肯定...................!!!

chengyk

股价



IPO
ISSUE OF 39,500,000 NEW ORDINARY SHARES OF RM0.20 EACH AT AN ISSUEPRICE OF RM0.25 PER SHARE BY WAY OF PUBLIC ISSUE AND PRIVATE PLACEMENTPAYABLE IN FULL ON APPLICATION COMPRISING:-

计算开翻
2002 年 买入 1000 股 3A 本钱 RM 250 (没有加入 brockerage fees 和 stamp duty )

红股
13-07-2005  4送1 红股

股数
2002 = 1000
2005 = 1250

现在价钱
03-06-2008 = RM 0.63

现在价值
= RM 0.63  x 1250
= RM 787.50

开翻
= RM 0.25 x 2
= RM 0.50 x 2
= RM 1.00

年数
= 2008 - 2002
= 6

6 年开了一翻半，不是很理想。。。当然，我们最重要的是看他的未来，不是过去。。。
这只是拿来作参考 !!!

chengyk

Cash Flow

Net cash generated from/(used in) operating activities 365,387 9,996,071
Net cash used in investing activities (11,360,536) (8,619,076)

FCF (Free Cash Flow)
2006 = 9,996,071 - 8,619,076 = 1,376,995
2007 = 365,387 - 11,360,536 =  - 10,995,149

chengyk

疑问来了:

1) 2005 年的 profit growth rate 为什么这样底，revenue growth rate 都有 16.82%
2) 2006 年的 profit margin 为什么这样高，达到 10.27%
3) 另外一点也是最重要的，2007 年的 FCF 跌倒负数 -10,995,149。最主要的是因为 Inventories 从 2006 年的 905,491 到 2007 年的 -7,038,070。这个一定要搞清楚。

事先声明，我还没有看完全部的年报，可能有些答案已经在年报注明了 。。。。

chengyk

DY 也不见得很高 1-2 % 巴 !!! 从生意模式看来，这间公司很好。。。从数据看来，
就不太吸引了。。。他的 inventories 的负数一定要搞清楚。。。

有谁可以指点一下!!!

5605566

我只是懂得预测以后,我将会得到多少回抱.
数据的东西.........
有谁可以指点一下!!!

chengyk

可否分享你如何预测以后吗???

5605566

假设用rm0.55sen 的代价买进
(year) (m value) (eruity per s) (roe)          (eps)  (dy pay out ratio)  (dy)  (return earning)
01       55            36.26            假设12%    4.35      27.6                   1.2         3.15
02                       39.41            假设12%    4.73                                1.3         3.43
03                       42.84            假设12%    5.14                                1.4         3.74
04                       46.58            假设12%    5.58                                1.5         4.08


如此类推.....

chengyk

不是很明白 !!!

(eruity per s) 是什么??

应该不是 ROE巴，我觉得你是用 PE !!!

[ 本帖最后由 chengyk 于 4-6-2008 11:06 AM 编辑 ]

5605566

equity per sen

5605566

是 equity per share (股东权益)

chengyk

equity per share 是预测的??? 还有 (return earning) 是什么??

5605566

不好意思 整天打错sorry
retained earning (保留盈利)