Monday, 27 August 2018

PANAMY Annual Report 2018+ 1st quarter financial report


Today I would like to write about the annual report of PANAMY for financial year 2018.

 First,
PANAMY received an award:

This proved that PANAMY is doing better in Home Appliances division,
and do not need to rely too much on fans division.

 Next,
it was mentioned that a special dividend of 100 sen has been recommended,
to commemorate Panasonic Corporation 100th Year Anniversary.

So a total of 248 sen dividend will be distributed for financial year 2018.
As for next year?
Well........
It depends on what the company can celebrate with~
Better don't put too high expectation on it.

 Next,
the new office building at Shah Alam Plant 1 is expected to complete at new financial year.
After relocating the office,
the current office space can be turned into production area and increase the the production area by 18%.

 However,
will the 18% increment of production area boost the operation by 18%?

 Well.........
It all depends on how good the company will be using that extra space.
Also,
the new building at Shah Alam Plant 2 which is still in planning stage,
is expected to complete at year 2020.

The company also re-organize the PDED to claim for double tax deduction.
The annual tax savings is estimated to be RM8.5 million.

 Hereby also mentioned about the products by PANAMY:

The company revenue grew by 7% :



 It was mainly contributed by higher sales of vacuum cleaners,
the recovery of ceiling fan business at Middle East markets,
and increased demand of home shower products.

 Due to aggressive year end promotional acitivites and cooler weather in Malaysia, Philippines and Vietnam,
the sales of home shower increased.

The aggressive promotional activities also help boosted the sales of vacuum cleaner.

 The company also launched new series of rice cooker to target Vietnam market:
New design of ceiling fan will be introduced too.

 That's all for the information written in annual report which I personally think that is worthy to be mentioned here.

 Thanks to the aggressive promotional activities,
the 4th quarter financial result of PANAMY looked nice.

 HOWEVER,
it also impacted the following 1st quarter result too..............

AIKS................

 The explanation by management:

Basically,
except domestic market and ASEAN market,
the export sales for other region dropped.

 Also,
the strong Ringgit against US Dollar also affected the export revenue:

Prospects by management:
Seems like the company going more strict on cost management~

 That's all for what happened to PANAMY recently.

 Sadly that I wasn't able to attend PANAMY AGM since I was at oversea.
Ahhh.........
my two coupons of RM50............-_-)

 ANYWAY,
PANAMY is building new buildings and preparing more space for expansion,
so it seems like the company still have potentials at the future.

 The question is..............
how many people will be able to have the patience to invest at it for LONG TERM?

 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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