PANAMY just released the latest annual financial report,
as I am holding PANAMY shares,
of course I must take a look at it.
First of all,
for the past one year,
the revenue of PANAMY dropped by 5.9%,
thus the profit decreased by 21%:
For domestic market,
since there was a short tax break when transitioning from GST to SST,
so the performance wasn't that bad.
HOWEVER,
the export market was deeply disrupted,
because of the trade sanctions imposed by US:
The company expected that this year will have better financial performance,
and more focus will be put into ASEAN market,
especially Vietnam and Philippines.
The company also started to implement more Automation and robotics system,
to reduce the dependence of manpower:
17 units of robotic systems were installed and will be able to save approximately RM1.0 million per annum.
Apart from that,
5 units of robotic systems also instead for the Auto Brazing system and expected to save around RM0.6 million per annum:
The company already completed the transfer of new office building at end of January 2019,
and now focusing on the new building construction at SA2 plant,
which expected to complete by end of 2020.
Until now,
still a lot of people think that PANAMY produce large appliance like TV and refrigerator,
but actually NO.
The company's strategy is to be the No.1 Small Home Appliances Factory in Asia,
to be the "Giant in a small island":
Some small appliances for examples are ceiling fans, home showers and kitchen appliances:
Also:
if you feel like something is lacking,
feel free to go to BURSA website to download and read it.
For conclusion,
this year the main target will be ASEAN market.
Well....
Since the company is located at MALAYSIA,
so I think is a good idea if thinking of geographical location.
Even though the financial result of PANAMY for the past 1 year wasn't handsome at all,
but because of the high dividend payout,
so the shares price is still able to maintain at high level.
Let's look forward to the quarter financial result which going to be released at next week.
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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