F&N 1st Quarter 2018 Financial Report

Whenever we go to visit other people's house during Chinese New Year,
we will always have some drinks,
so today let's have a look at the latest financial report by F&N.

The revenue reduced by 2%,

but the profit reduced by more than 20% comparing with the corresponding quarter last year.....

For Malaysia operation:

The revenue reduced by 7.2%.

A lot reasons were given.....

Contraction in beverages market,

late CNY,

floods,

expenses of post transformation progamme,

the only good news is double digit growth of export....

The profit was worse, dropped by 39.8%,

but good news is that...

input costs should be lower from now on.

For Thailand operation:

Revenue increased slightly but profit dropped a bit.

The good news is that,

double digit growth of export to Indochina region.

Prospects by management:

All the same old things were mentioned,
contraction in beverages market and intense competitive price pressure,
hopefully the transformation programme will bring more fruitful results later!

Also being mentioned that....
the strengthening Ringgit and Thai Baht will be benefiting,
but might be a challenge to exports business.

Even though the latest financial result is not very good,
but the shares price of F&N still around RM30,
seems like everyone still has high hope on F&N.

Will F&N submit a financial result which is worthy of RM30 shares price at next quarter?
Let us look forward to it!

Investment is about doing own thinking, making own decision.

By the way,
feel free to drink a few more cans of 100PLUS if the weather is too hot during CNY~

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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Other links:
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F&N 2018年第一季度财政报告

农历新年一到，
去亲戚家拜年时都会喝汽水饮料，
所以今天就来看看F&N最新出的财政报告。

营业额稍微少了2%，

但盈利却比起去年同一季少了20%以上......

先来看看马来西亚部分：

马来西亚的营业额下降了7.2%。

理由给了一大堆.....

饮料市场萎缩，

农历新年比较迟，

一些地方水灾，

改革计划的开销，

唯一开心的就是出口业务由双位数增长.....

盈利更惨，跌了39.8%。

好消息是根据上面所写，

原料成本现在开始降低了。

泰国业务方面：

营业额稍微增加但盈利下跌一点点。

比较值得注意的是，

出口到Indochina区域有两位数的成长。

管理层关于未来的展望：

都是一些老生常谈的话题，
本地的饮料市场萎缩和低价竞争，
希望之前的大改革可以在接下来的季度带来好的成果吧！

 也有提到说马币和泰铢走强，会对进口原料有好处，
但会影响出口业务。

尽管最新的业绩不见起色，
但F&N股价却在RM30左右，
显然大家对F&N有很大的期望。

那么究竟F&N能不能够不负众望，
在以后拿出配得上RM30股价的业绩呢？
就让我们拭目以待吧！

投资就是自己思考，自己做决定。

过年天气炎热的话，
请喝多几罐100PLUS消暑解渴~


感谢阅读。

以上言论没有任何买卖建议，
大家买卖自负。

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其他链接：
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我的推特：@TheCellist86

F&N Annual Report 2017

F&N released the annual report not long ago,
I went through it and found some important points which I think is worthy to take note of it,
so I will write down here for references at the future.

First, is the performance of each existing brand:

100PLUS, OISHI, F&N SEASONS, F&N NutriSoy all these drink products，
plus
F&N，Gold Coin, TEAPOT, CARNATION, Cap Junjung, IDEAL are in leading position in each respective segment.

Also, 100PLUS started for being offered at all McDonald's outlets:

As for Thailand operation:

BEAR BRAND, CARNATION, TEAPOT are doing well,
I am happy that there are 13% growth in Cambodia and Laos.

As for Exports:

Except ASEAN and Greater China,
there were early progress into Middle East and North Africa as well.

Also:

100PLUS and F&N SEASONS are now available in the 5 countries listed above.

Words from management regarding Exports:

Sounded very confident~

The CAPEX:

No plan to sell tube packaged TEAPOT in Malaysia?
Feel like it will be more convenient than the tin packaged.........

Lastly the AGM:

24 January 2018 at 10am.........
I think the terrible traffic jam will make me vomit blood if I really going........

I wish I have the super power of teleport~

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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Other links:
List of articles of year 2017
My investment return for year 2017
My self-introduction article

My Facebook Page

My Twitter : @TheCellist86

F&N 2017年度财政报告

话说F&N不久前出了年度财政报告，
我阅览了之后，
觉得有些重点值得留意的，
就写在这里，方便以后察看。

首先，是现有各品牌的表现：

100PLUS, OISHI, F&N SEASONS, F&N NutriSoy这些饮料产品，
以及
F&N，Gold Coin, TEAPOT, CARNATION, Cap Junjung, IDEAL都是市场领头羊。

然后100PLUS也开始在马来西亚各大McDonald's分店开始供应：

至于泰国业务方面：

BEAR BRAND, CARNATION, TEAPOT都表现良好，
不过最值得开心的，还是Cambodia和Laos那里业务成长13%。

出口业务方面：

除了东南亚和中国，
也开始在中东和北非有初步的进展。

然后：

100PLUS和F&N SEASONS饮料也开始进军以上这5个国家了。

管理层关于出口业务的发言：

听起来信誓旦旦的。

接下来的投资计划：

话说马来西亚不出TUBE装的TEAPOT?
感觉比罐装的方便很多...........

最后是AGM:

2018年1月24日早上10点，
估计要去的话，从我住的地方出发肯定塞车到吐...............

好希望拥有瞬间移动的超能力~

投资就是自己思考，自己做决定。

感谢阅读。

以上言论没有任何买卖建议，
大家买卖自负。

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其他链接：
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我的2017年投资成绩
关于本人
我的脸书专页

我的推特：@TheCellist86

F&N 4th Quarter 2017 Financial Report

Frankly speaking,
I was totally shocked when I first saw F&N's quarter result.....
The profit dropped so much!!

Then I calmed down and realized that
F&B Malaysia is going through re-structuring process,
so the temporary restructuring cost is unavoidable.

Of course,
I downloaded the latest financial report and presentation slides to support my thought.

So:

The profit dropped hugely was because of restructuring cost....
But bear in mind that even without the restructuring cost,
the profit still dropped more than 20%.....

Then F&B Thailand：

The profit rose more than 20%~
Here dropped there rose,
overall F&N profit still a bit worse if comparing with last year.....

Currently management's planning is to grow export markets：

Such a wonderful planning~

So how was the export performance for this year:

Erm....
They really didn't talk only,
they did put in action.

The planning for future exports：

Two key words: Growing Exports & Halal Market.

The future planning of F&B Thailand：

F&B Malaysia：

Next year will extract value of integration and
launch record number of new products~

The planning of capability and capacity expansion：

That's all for the presentation slides.

I have to praise that F&N really excellent in preparing the presentation slides,
there are full of passions and hopes for every pages.
It is able to make readers to grow more confidence at F&N and feel like want to accumulate more F&N shares.

However,
there are so many questions need to think about before buying more F&N shares.......

The revenue of F&B Malaysia kept dropping....
How much positive effects will the restructuring bringing??

As for F&B Thailand,
the main focus is Brand Building in Indochina area for 2018.
How much promotion expenses will be to achieve this target??

As for export,
is the profit margin high enough?
Can F&N really earn a lot from export markets?

Investment is all about the thinkings did by ourselves,
and the decisions made by ourselves.

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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Other links:
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My current investment portfolio
My self-introduction article

My Facebook Page

My Twitter : @TheCellist86

F&N 2017年第4季度财政报告

老实说，
我一开始看到F&N新出的业绩，
真的吓了一大跳。
盈利居然少了那么多！！

可是冷静下来，
就想起马来西亚业务方面正在re-structuring，
短时间内成本增加是必然的。

当然，
为了确定我的想法，
我就下载了财政报告和presentation slides来看。

果然，
马来西亚业务方面：

真的因为restructuring cost而盈利大减，
但必须小心的是，
去掉restructuring cost，
盈利仍然下跌了20%以上.......

然后泰国业务方面：

泰国业务方面盈利则上涨了20%以上。
拉长补短，
总的来说F&N这一年的表现实际上还是退步了一些.......

管理层目前的打算是提升出口业务：

真是很美好的展望~

那么现实中，
今年的出口业务进展：

嗯，
展望果然不是在说说而已，
是有在行动的。

至于未来出口业务的计划：

就是继续投资增加产量，
扩展业务特别是在Halal市场。

泰国业务未来的计划：

马来西亚业务方面：

明年会套取今年restructuring的成果，并会推出新产品~

发展计划则是：

以上。

话说我总觉得F&N在制作presentation slides方面真的是一流，
页页充满了抱负和希望，
让人每次看了，
都会重燃信心，
恨不得立刻加码F&N~

不过加码之前，
有些问题还是要深思一下......

马来西亚业务的营业额一直都在下跌，
restucturing的效果会有多大呢？

泰国业务方面，
明年的目标是Brand Building in Indochina area,
这个目标，
又会烧掉多少宣传费用呢？

出口业务方面，
毛利率究竟有多少呢？
真的能够赚很多吗？

投资就是自己思考，自己做决定。

感谢阅读。

以上言论没有任何买卖建议，
大家买卖自负。


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其他链接：
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我的脸书专页

我的推特：@TheCellist86