Wednesday, 4 July 2018

PANAMY 4th quarter 2018 financial report


Today I would like to write about PANAMY.

 First,
let's have a look at the latest quarter financial result of PANAMY:

A great improvement for revenue and PBT,
sadly no more tax incentives like previous year,
so the PAT only improved a little....

 The product segment:

There was growth for the Home Appliance products.

 As for Fan products,
after the company put into more efforts on marketing,
the sales of fan products finally picked up and just slightly less than last year.

 As for revenue segment based on geographical location:

Seems like the growth of revenue was mainly contributed by the sales recovery of Middle East region.

 Statement by the management:

The home shower products achieved higher sales because of cooler weather in Vietnam and Malaysia.

 The improvement of sales of ceiling fans was seen due to sales recovery in Middle East region.

 As for prospects and outlook:
Based on what was written above,
seems like the Middle East region is recovering at economic.

 The company will put into efforts to reduce the cost of production.

 Lastly,
the dividend:
Except the 133 sen final dividend,
the company also announced a special dividend of 100 sen!

 This was a total surprise for the shareholders~

 However,
the special dividend didn't encourage the upward movement of shares price,
I guess a lot of people already learnt from previous lesson which,
we can't just chase high because of the special dividend since PANAMY only distribute special dividend once in a while.

 According to current shares price,
if we receive the RM2.33 dividend after buying it,
it will be like we bought the shares at current price minus off RM2.33.

 Is it worthy?

 Well......
it depends~

 Investment is about doing own thinking, making own decision.

 Thanks for reading.


I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.

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