亿达控股WA 印尼煤矿增添投机价值
2010-11-29 13:48 温世麟
亿达控股的股价在最近暴起暴跌。这一切可能都因该公司进军资源领域惹的祸。该公司股价在两个月内上涨一倍至14仙可是却在最近两周大幅调整并在上周五两韩关系紧张的时候暴跌到9.5仙水平。其凭单JOTECH-WA更是在巨大交易量中被投资者疯狂抛售到3仙水平，比前一周最高位的5仙降了四成。
亿达控股的主要商业活动包括精密压印、半导体加工和自动化。该公司在今年9月结束的2010财政年首3季录取了600万令吉的净盈利。这比去年同期的160万令吉净盈利猛涨接近3倍。该公司刚在日前宣布收购两家公司进军油棕业而把业务多元化至资源领域。
其实该公司的镇股之宝可能是通过鲜为人知的40%联号公司ROCKHILL RESOURCES（山石资源）控制的印尼煤矿经营权。根据公司文告，上述煤矿储存量至少122万吨（MT）而其标准煤发热量（cal/kg）不少于 7000卡。。若使用11月印尼能源部公布的煤价（每吨102.86美元），山石资源拥有经营权的煤矿价值达1亿2500万美元。
根据最新年度报告，上述联号公司已经开始贡献少许盈利。
JOTECH-WA目前的引伸波幅达73%。这比母股的历史波幅低很多。
由于该公司母股波幅大,其价钱超越13仙行使价的机会率很高。如果母股继续上涨，凭单投资者有可能获得理论价回归以及母股上涨的双效。在印尼煤矿投机价值高的情况下，JOTECH-WA的潜在回报率还是高于母股的。
凭单价 RM0.030
母股价 RM0.095
行使价 RM0.130
凭单到期日期 12/11/2012
溢价 68.4%
杠杆比率 3.2
母股历史波幅 171%
引伸波幅 73.4%
对冲值 0.60
有效杠杆 1.91
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Wednesday November 24, 2010
Jotech to buy two oil palm firms
PETALING JAYA: Manufacturer of precision stamped parts Jotech Holdings Bhd plans to acquire two companies involved in the cultivation of oil palm for RM28.3mil to diversify its revenue stream.
Jotech told Bursa Malaysia yesterday that it wanted to buy Malgreen Progress Sdn Bhd for RM23.8mil and Cergas Fortune Sdn Bhd for RM4.5mil. Both deals will be satisfied by cash and issuance of new shares.
Jotech said the business expansion into the oil palm industry was part of the company's strategy to diversify into the resources industries with strong growth prospects and reduce its dependency on its manufacturing business. It added that the business expansion would contribute positively to Jotech's future earnings.
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Key developments for JOTECH HOLDINGS BHD (JTEC)
Jotech Holdings Bhd. Reports Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2010
11/22/2010
Jotech Holdings Bhd. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2010.
For the quarter, the company reported profit from operations of MYR 1.9 million, profit before tax was MYR 2.98 million, profit attributable to owners of the company was MYR 2.7 million or 0.291 sen per basic share on the revenue of MYR 34.8 million compared to profit from operations of MYR 2.0 million, profit before tax was MYR 2.7 million, profit attributable to owners of the company was MYR 2.1 million or 0.222 sen per basic share on the revenue of MYR 32.6 million for the same period a year ago.
The profit growth in the current quarter was contributed from improvement in revenue arising from stronger performance of the group's regional business. The higher share of net profit from investment in associate of MYR 1.1 million had also contributed to the increase in the net profit reported.
For the nine months period, the company reported profit from operations of MYR 4.7 million, profit before tax was MYR 7.2 million, profit attributable to owners of the company was MYR 6.01 million or 0.650 sen per basic share on the revenue of MYR 97.8 million compared to profit from operations of MYR 1.7 million, profit before tax was MYR 2.3 million, profit attributable to owners of the company was MYR 1.6 million or 0.175 sen per basic share on the revenue of MYR 82.4 million for the same period a year ago. Net cash generated from operating activities was MYR 4.1 million compared to MYR 9.5 million for the same period a year ago.
The company spent MYR 7.5 million on acquisition of property, plant and equipment compared to MYR 3.3 million for the same period a year ago. The company spent MYR 170,000 on acquisition of subsidiary.
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出版日期: 2009年 12月 01日 (星期二)
億達控股公佈第三季業績純利比往同季倍增
【亞庇卅日訊】億達控股有限公司在十一月廿三日公佈第三季度業績，這家在吉隆坡證券交易主板上市的公司本季錄得三千兩百六十萬令吉收入。
億達集團執行主席拿督吳添泉指這雖然比去年同期的三千七百六十萬令吉收入為低，但是其持續經營業務卻為集團的純利比去年同季增加了一倍。
據悉，該集團的持續經營淨利錄得兩百卅萬令吉，相比去年同期只有九十萬令吉。該集團在本季度的股東應佔純利達兩百一十萬令吉，相比去年同期的股東應佔純利的雖然是六百四十萬令吉，但是其中五百四十萬令吉來自當時結束的半導體模具業務的處理。
該集團今年的最新業績，則錄得收入八千兩百四十萬令吉，純利一百九十萬令吉，股東應佔純利一百六十萬令吉。該集團的業績表現也持續獲得改善，收入方面本季度增加可約八點五巴仙或兩百五十萬令吉。本季度的純利兩百卅萬令吉也比上一季的純利六十萬令吉為多。
吳添泉解釋，本季度取淨利較上一季更高，主要因為業務復甦帶來更多的收入，同時聯營公司在本季度也帶來七十萬令吉的淨利。
他續說，億達集團將繼續擴張旗下所有特別是印尼和中國的生產廠。印尼工廠方面，該集團看好汽車領域這中期持續成長的領域，因此將立定目標抓牢其市場佔有率；中國工廠方面，該集團將將繼續把重點放在提高高噸位壓機的生產能力，應付其更廣泛的客戶基礎和強勁復甦的業務。
吳添泉指各種跡象顯示經濟即將從谷底復甦，億達有信心實現提高收入和利潤的目標，他還指出，該集團的煤礦生產經營仍處於運作前階段，預計將在二零一零年的第二季度為集團貢獻收入。
「從世界煤炭需求及其價格的上升趨勢來看，我們對這項投資的回報非常樂觀。」
他也指出，自該集團兩年前完成了架構重組，現在已經準備探索新商機以加強集團盈利。 -華僑日報
Publication Date: 2009 12 Yue 01 Ri (Xingqi Er)
Jotech Holding announce third quarter results Net profit doubled compared to the same quarter
【Kota Kinabalu Sari Reuters Yida Holding Co., Ltd. in November Niansan released third quarter results, which home in Kuala Lumpur, the Securities and Exchange Main Board listed company recorded 32.6 million this season ringgit revenue.
Jotech Group executive chairman Datuk Ng Tian-Quan allege that although the 37.6 million ringgit a year earlier than the lower income, but its continuing operations for the Group's net profit was more than double the same quarter last year.
It is reported that the group's net profit from continuing operations was recorded in two hundred thirty million ringgit, compared with just 900,000 ringgit a year earlier. The group in the quarter, net profit attributable to shareholders up to 2.1 million ringgit, compared with same period last year while net profit attributable to shareholders was 6.4 million ringgit, but one came from the end of the 5.4 million ringgit semiconductor Mold business processing.
The group this year, the latest performance, recorded 82.4 million ringgit of revenue, net profit of 1.9 million ringgit, the net profit attributable to shareholders 1.6 million ringgit. The group's performance has continued to be improved to increase revenue this quarter could be around 8.5 Ba Xian, or 2.5 million ringgit. The net profit this quarter than two hundred thirty million ringgit in the previous quarter net profit of more than 600,000 ringgit.
Wu Tian-Quan explained that taking this quarter, higher net income compared with the previous quarter, mainly due to the recovery operation to bring more revenue, while joint venture has also brought in the quarter a net profit of 700,000 ringgit.
He added that the Yida Group will continue to expand, especially in Indonesia and all of its production plant in China. Indonesian factories, the group optimistic about the automotive sector continued to grow this area of the medium-term and will therefore sets a target catch on its market share; Chinese factories, the group will continue to focus on improving the productive capacity of high-tonnage presses to meet the its broader customer base and a strong recovery in business.
Wu Tian-Quan refers to a variety of signs that the economy will soon recover from the bottom, PHYLLIS have confidence in the achievement of higher revenue and profit goals, he also pointed out that the group's coal production was still in the pre-operational stage, is expected to be in the 2010 second quarter contribution to revenue for the Group.
"From the world's coal demand and prices rising trend, we are very optimistic about the return on this investment."
He also pointed out that since the Group completed the restructuring two years ago, is now ready to explore new opportunities to strengthen the Group's profitability. - Overseas Chinese Daily News
