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Top 50 Best KLSE Dividend Stocks of the Year >> 2011 >> CB INDUSTRIAL PRODUCT HOLDING (7076)

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Share Price on 22 Dec 2014

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Market Capital (RM)
EPS (cent)
P/E Ratio
Par Value (RM)
NTA (RM)
Dividend (cent)
Dividend Yield (%)
Dividend Policy (%)
* Calculated based on the net profit of the trailing twelve months and latest number of shares issued.


DateFinancial
Year
No. Financial
Quarter
Revenue
(RM,000)
Profit Before
Tax (RM,000)
Net Profit
(RM,000)
Earning
Per Share (Cent)
Dividend
(Cent)
NTA
(RM)
Trend
20/11/201431/12/2014330/09/2014149,39927,04822,6058.523.002.190 Malaysia Stock - KLSE Quarter Report History
25/08/201431/12/2014230/06/2014124,42222,74521,1177.960.002.110 Malaysia Stock - KLSE Quarter Report History
29/05/201431/12/2014131/03/2014121,03925,84123,2878.785.002.120 Malaysia Stock - KLSE Quarter Report History
25/02/201431/12/2013431/12/2013150,02055,01138,65514.570.002.000 Malaysia Stock - KLSE Quarter Report History
21/11/201331/12/2013330/09/2013136,09328,94421,9888.295.001.970 Malaysia Stock - KLSE Quarter Report History
19/08/201331/12/2013230/06/2013145,34320,85218,8597.110.001.890 Malaysia Stock - KLSE Quarter Report History
31/05/201331/12/2013131/03/2013148,33422,99318,6687.020.001.870 Malaysia Stock - KLSE Quarter Report History
28/02/201331/12/2012431/12/2012146,75621,38924,8659.285.001.860 Malaysia Stock - KLSE Quarter Report History
01/11/201231/12/2012330/09/2012108,70130,27427,08310.0910.001.770 Malaysia Stock - KLSE Quarter Report History
16/08/201231/12/2012230/06/2012151,57527,503163,24960.8430.001.760 Malaysia Stock - KLSE Quarter Report History
30/05/201231/12/2012131/03/2012113,31921,39524,7579.2110.001.460 Malaysia Stock - KLSE Quarter Report History
22/02/201231/12/2011431/12/2011125,18936,00030,59722.7610.002.730 Malaysia Stock - KLSE Quarter Report History
123


DateFinancial
Year
Ex-DateEntitlement
Date
Payment
Date
Entitlement TypeDividend
(Cent)
Dividend
(%)
Details
12/06/201431/12/201426/06/201430/06/201421/07/2014Interim Dividend0.00010.00 Malaysia Stock -  Dividend
12/12/201331/12/201327/12/201331/12/201322/01/2014Interim Dividend0.00010.00 Malaysia Stock -  Dividend
02/07/201331/12/201316/07/201318/07/201305/08/2013Interim Dividend0.00010.00 Malaysia Stock -  Dividend
05/12/201231/12/201227/12/201231/12/201223/01/2013Interim Dividend0.00010.00 Malaysia Stock -  Dividend
27/08/201231/12/201210/09/201212/09/201228/09/2012Interim Dividend0.00020.00 Malaysia Stock -  Dividend
03/05/201231/12/201115/05/201217/05/201230/05/2012Interim Dividend30.0000.00 Malaysia Stock -  Dividend
17/01/201231/12/201102/02/201208/02/201222/02/2012Interim Dividend10.0000.00 Malaysia Stock -  Dividend
25/10/201031/12/201023/11/201025/11/201013/12/2010Interim Dividend0.00010.00 Malaysia Stock -  Dividend
15/07/201031/12/201028/07/201030/07/201025/08/2010Interim Dividend0.00010.00 Malaysia Stock -  Dividend
14/08/200931/12/200927/08/200901/09/200911/09/2009Interim Dividend0.00010.00 Malaysia Stock -  Dividend
19/01/200931/12/200803/02/200905/02/200911/02/2009Interim Dividend0.00010.00 Malaysia Stock -  Dividend
19/08/200831/12/200702/09/200804/09/200818/09/2008Final Dividend0.00010.00 Malaysia Stock -  Dividend
12

DateEx-DateEntitlement
Date
Transfer
Date
TypeRatioRight Issue
Price
Details
20/10/201431/10/201404/11/201404/11/2014Bonus Issue1 : 10.000 Malaysia Stock -  Bonus/Rights Issue
22/02/201205/03/201207/03/201207/03/2012Bonus Issue1 : 10.000 Malaysia Stock -  Bonus/Rights Issue
01/04/201127/04/201129/04/201129/04/2011Others1 : 200.000 Malaysia Stock -  Bonus/Rights Issue


CB INDUSTRIAL PRODUCT HOLDING (7076)
okass87 17 Sep 2014, 09:48 PMPost #36
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CB Industrial Product may face 11% earnings risk in FY15

http://www.theedgemalaysia.com/business-news/307613-cb-industrial-product-may-face-11-earnings-risk-in-fy15.html
okass87 17 Aug 2014, 01:12 AMPost #35
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红股计划激励 CB势如破竹飆涨18仙

(吉隆坡12日讯)分析员正面看待CB工业產品(CBIP,7076,主板工业股)昨日建议的派送红股与凭单计划,因为可进一步提升其股票流通量。该股在周二势如破竹,全天上涨18仙或3.727%,以5.01令吉掛收,成为第11大上升股。

CB工业產品在昨天宣布,该公司建议以1送1比例派送红股,並以3送1比例配送凭单。该公司在红股及凭单计划下,將发出2亿7200万8473股新股和9066万9491张凭单。

该公司在文告中指出,通过以上计划回馈股东,同时提高股票流通量。

此外,一旦股东执行凭单转换,將为公司带来额外资金,以充当公司的营运资本和资本开销。

在红股计划激励下,CB工业產品今天以5.03令吉高开,並多次上探全天最高水平5.10令吉,涨27仙或5.59%。不过,该股隨后回吐部分涨幅,最终以5.01令吉闭市,全天起18仙或3.73%。

其全天成交量为167万3100股,高於昨日的79万6300股。

兴业投行分析员表示,CB工业產品5日加权平均价格为每股4.70令吉,而凭单行使价格为每股2.82令吉,相较红股除权后的2.35令吉理论价,高出20%。

同时,该分析员指出,若是9067万张凭单皆被股东行使,以每股2.82令吉参阅价计算,料將筹集2亿5570万令吉,以充当公司资本开销及营运资本。有鑑于以上红股和凭单计划,可提升CB工业產品股票流通量,所以兴业投行分析员对该建议抱持正面態度。

基本面仍强劲

该分析员补充说,假设全部凭单被行使,该公司的每股盈利预料將被稀释16.7%,而从凭单计划所筹集资金,预料將使该公司取得更高的利息收入,这將略微抵消每股盈利被稀释的衝击,所以每股盈利净稀释幅度料为10%至11%。

肯纳格研究分析员补充说,CB工业產品的基本面依然强劲。

该分析员预测,其原棕油厂製造业务持有总值约5亿2000万令吉的合约订单,可支撑该公司的盈利能见度至2015財政年末季。

因此,维持该公司2014及2015財政年的核心净利预测,分別为9600万令吉及9900万令吉。

与此同时,肯纳格研究分析员维持该股「跑贏大市」投资评级,及5.60令吉目標价。

然而,丰隆投行分析员则表示,虽然该公司有强劲的盈利能见度,但以目前的估值来看,相信其股价上涨空间有限。因此,维持该股「守住」投资评级,目標价为4.48令吉。

兴业投行则维持「中和」投资评级,及4.95令吉目標价。

http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=131981:cb-18&Itemid=198[/url]
okass87 17 Aug 2014, 01:10 AMPost #34
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Bonus issues to help improve liquidity of CBIP shares

http://www.theedgemalaysia.com/business-news/302496-bonus-issues-to-help-improve-liquidity-of-cbip-shares.html
okass87 07 Aug 2014, 10:16 PMPost #33
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獲印尼棕油廠合約 CB工業盈利可見度佳


財經7 Aug 2014 17:39

 (吉隆坡7日訊)市場普遍看好CB工業(CBIP,7076,主要板工業)獲得印尼建築棕油廠合約的消息,進一步推高總訂單數額至約5億2000萬令吉,顯示棕油廠建築的盈利可見度達至2015年末季。

 肯納格證券研究正面看待此消息,估計這項價值4110萬令吉新工程具23%稅務與攤銷前盈利(EBIT)賺幅,將為CB工業淨利貢獻870萬令吉。

 “我們維持2014和2015財年分別達9600萬令吉和9900萬令吉核心盈利預測,因已在早前注入獲得3億令吉新合約潛能。”

 CB工業持續趁勢于棕油廠的強勁需求,加上賺幅改善備受看好。故該行維持CB工業“跑贏大市”評級,並將合理價從4.85令吉上修至5.60令吉。這反映CB工業市值將超過12億令吉,相信可吸引更多大型機構投資者。

 同時,該公司料需至少額外5年時間,才能將種植業務轉為主要盈利貢獻,屆時才可以純種植業者作估值。

 另外,大馬投資研究估計CB工業年初至今共獲得1億6100萬令吉建築合約,相信本財年一共可獲取3億5000萬令吉合約,對比2013財年為3億2000萬令吉合約。

 報告稱,該公司料從海外獲取更多合約,其中25%到30%的工廠建築合約料源自南美、非洲和巴布亞新幾內亞(Papua New Guinea)。其余70%到75%合約,來自大馬和印尼企業。

 CB工業以4.67令吉開市,休市報4.71令吉,起4仙;截至下午4時半報4.71令吉,起4仙,成交量43萬400股。

http://www.chinapress.com.my/node/549815
okass87 24 Jun 2014, 10:20 PMPost #32
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CB工业印尼购地长期有利

(吉隆坡23日讯)CB工业產品(CBIP,7076,主板工业股)收购印尼地库,逐步加强当地的种植业务,虽然分析员认为,这项收购短期对净利带来的影响不大,不过,长期將为公司带来持续的收入。

CB工业產品上週五宣布,与PT Manyangan Jaya正式签署股权买卖协议,以总值823万令吉收购后者的94%股权。PT Manyangan Jaya在印尼加里曼丹中部的Gunung Mas拥有2片土地,总面积为2万1674公顷。

拉昔胡申研究分析员指出,第一幅土地有6267公顷的种植地,並拥有种植业务执照(IUP);而第二幅土地则有1万3340公顷种植地和2067公顷的其他用途土地。

肯纳格研究分析员和拉昔胡申研究分析员均认为,收购价相当於每公顷404令吉,比之前收购加里曼丹东区土地的价格低,不过相信这仍是合理水平,因为在这2万余公顷土地当中,仅有29%的土地,拥有种植业务执照。

该公司於去年6月份完成加里曼丹东区的收购,每公顷土地成本达2732令吉,100%的土地均拥有种植业务执照。在CB工业產品完成这次的收购之后,公司的总地库面积將增加33%,至8万6715公顷,这有助于进一步扩大公司的种植业务。

丰隆投行研究分析员指出,该收购活动將在2014年末季完成。分析员正面看待这项收购,並相信这符合该公司扩大上游业务,多元收入来源的策略。

料获棕油厂合约

肯纳格研究分析员表示,棕油树至少需要3岁才开始生產油棕,加上前期准备工作,及申请种植执照將需要耗时两年,因此,这项收购计划对公司短期影响不大。

不过,长期而言,在原棕油价格看涨的趋势中,扩大上游业务预料將为公司带来长期持续的收入贡献。

肯纳格研究分析员维持公司2014和2015財政年净利预测,分別为9800万令吉和1亿令吉。

除此之外,这项收购计划,分析员也看好,CB工业產品短期內將贏得多项兴建棕油厂的工作,这也会带动公司的棕油厂设备业务走高,在2013財政年该业务佔税前盈利的64%。

获1879万合约

CB工业產品在週一傍晚宣布,其独资子公司Modipalm工程私人有限公司於6月19日,与Extraceite签署一项价值1879万令吉的合约。负责后者在西班牙瓜地马拉的棕油厂,提供器材及工程,包括监督、安装、试运及启动服务。

这家棕油厂初期產能为每小时22.5公吨鲜果串,並可以进一步扩充至每小时45公吨。这项合约预料將对公司2014財政年带来正面的盈利贡献。

分析员看好该公司,主要是因为2014年棕油厂需求强劲,同时,CB工业產品盈利赚幅稳健提升,以及公司有1亿3200万令吉净现金,因此,肯纳格研究分析员维持该股「超越大市」投资评级和4.80令吉目標价。

拉昔胡申研究分析员认为,这项收购不会对盈利带来及时的影响,因此,维持该股「中和」投资评级和4.95令吉合理价。

丰隆投行研究分析员给予「守住」投资评级和4.48令吉目標价。

http://www.orientaldaily.com.my/~oriental/index.php?option=com_k2&view=item&id=123548:cb&Itemid=198[/url]
okass87 24 Jun 2014, 10:17 PMPost #31
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CB 工业产品 新收购长期有利

http://www.nanyang.com/node/630395?tid=709
okass87 30 May 2014, 10:35 PMPost #30
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(吉隆坡29日讯)棕油设备和工程,以及种植业务推动,CB工业产品(CBIP,7076,主板工业产品股)冀望在3年内取得10亿令吉营业额。该公司2013财年营业额达5亿9044万1000令吉。

CB工业产品董事经理林再明在股东大会后向媒体表示,棕油设备和工程的订单目前达4亿5000万令吉,预计今年杪至少达5亿令吉。
同时,料该业务的市占率能够从去年的20%,在未来2年提高至30%。

印尼拓油棕园

“不少业者认为我们提供的科技比其他公司卓越,包括节省劳工、棕油榨取率偏高等,这让公司在市场上的地位稳固,相信可达到30%市占率。”
此外,有很多中小型种植公司与CB工业产品接洽,尤其是在美国中部的公司。CB工业产品执行董事麦志明预计,种植业务在未来5年带来显著贡献。

公司已拟定一项10至15年种植计划,每年种植6000公顷,以取得更稳定收入。
“在这项计划下,希望在印尼种植地库从目前6万5000公顷,扩大至8万公顷。”目前,仍洽谈在印尼收购额外的1万5000公顷的地皮。

油气业务明年带来贡献

CB工业产品在今年1月购入一家油气公司后,将开发与市场不同的业务,希望该业务从明年开始为公司带来贡献。
股东相当关注公司在油气领域的发展,且积极地向董事局提出相关问题。

不过,林再明仅表示,目前仍处于初步阶段,不愿透露太多详情。

他强调:“我们不会进行收购,也不会勘探油田,而是利用本身的工程专业知识,开发特别的业务。”

首季净利增25%

棕油设备业务盈利增加,及联号公司带来的贡献提高,CB工业产品截至3月31日首季净利按年增24.74%。
公司首季净赚2328万7000令吉或每股8.78仙。不过,营业额减少18.40%,至1亿2103万9000令吉。

同时,公司宣布派发每股5仙的第一次单层中期股息。

http://www.nanyang.com/node/624761?tid=462
okass87 30 May 2014, 12:55 PMPost #29
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CB Industrial - Growing order book BUY


- Maintain BUY on CB Industrial Product Holding Bhd (CBIP) with an unchanged fair value of RM5.15/share. Our fair value is based on an FY15F PE of 13x.

- We consider CBIP’s 1QFY14 results to be within consensus estimates and our expectations. The group normally recognises the bulk of its progress billings in 2H of the financial year. Included in CBIP’s net profit was an RM2.9mil fair value gain on short-term investments.

- CBIP’s 1QFY14 net profit grew by 24.7% YoY to RM23.3mil in spite of an 18.4% fall in turnover. The retro-fitting division recorded a 57.7% YoY slide in revenue in 1QFY14 due to lower number of contracts.

- In contrast, turnover of the manufacturing division climbed by 22.6% YoY to RM88.7mil in 1QFY14 as the group received more jobs last year.

- CBIP secured RM330mil contracts in FY13 against RM280mil in FY12. Earnings contribution from the contracts won in FY13 is expected to be reflected in FY14F’s financials.

- Unbilled sales of the manufacturing division stood at RM440mil as at end-FY13. In FY14F, CBIP is anticipated to win more than RM350mil worth of mill construction contracts.

- Pre-tax profit margin of the manufacturing division rose from 25.4% in 1QFY13 to 26.7% in 1QFY14 on the back of higher selling price and lower steel costs. We believe that the selling price of CBIP’s palm oil mills has risen a few percentage points over the past few years.

- According to Bloomberg, the average price of cold-rolled steel declined by 2.7% from US$710/short tonne in 1QFY13 to US$690.77/short tonne in 1QFY14.

- Earnings of the retro-fitting division fell by 56.9% YoY to RM2.3mil in 1QFY14. However, pre-tax margin of the division remained resilient, inching up from 7.0% in 1QFY13 to 7.2% in 1QFY14.

- We believe that the retro-fitting division received only RM136.8mil in contracts in FY13.

- In FY14F, the division is expected to win more than RM150mil worth of contracts, which imply that the unit’s profit growth would resume from FY15F onwards.

- Unbilled sales of the retro-fitting division stood at RM215mil as at end-FY13.

Source: AmeSecurities
okass87 30 May 2014, 12:24 PMPost #28
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KUALA LUMPUR: CB Industrial Product Holding Bhd (CBIP) said contributions from its plantation and milling divisions will be increasingly significant in future.

“We have a plantation development plan over the next 10 to 15 years to develop 6,000ha of land per year to create more stable future income,” CBIP director Mak Chee Meng told reporters after the company’s annual general meeting yesterday.

With some 5,000ha of land planted in the first quarter ended March 31, 2014 (1QFY14), CBIP’s plantation segment recorded revenue of RM193,000. This was a remarkable surge from RM7,000 a year ago.

Already the landlord of 65,000ha of land in Kalimantan Tengah Indonesia, CBIP is also planning an expansion of its plantation landbank to 80,000ha.

The company is already “half way in the process” of negotiating with Indonesian authorities for the additional 15,000ha land.

“We are waiting for authorities’ approval and going through the legal process,” said Mak.

Meanwhile, the equipment and engineering division will continue to be the biggest contributor to the company’s earnings at 56% in 2013.

CBIP hopes to extend its lead in the global market with a 30% increase in palm oil mills by acquiring clients.

“Many plantation owners are starting to realise that [our milling process] is superior [to] others. [Many] medium-sized and small plantation companies are coming to us,” said managing director Lim Chai Beng.

The company is also planning to use its engineering expertise to venture into a “very specialised area” of the oil and gas (O&G) business, having acquired a 100% stake in TPG Oil & Gas Sdn Bhd in January this year.

Its plans in the O&G sector remain in the shadows but Mak said: “We are not going into oil exploration, we are not going into oil rigs but we could be at a certain level start in ‘support services’.”

The duo, however, expects that the O&G segment will contribute positively to the company’s earnings as early as 2015.

CBIP’s 1QFY14 results showed a year-on-year increase of 25% in profit to RM23.29 million despite a 12% decrease in revenue to RM121 million. Its earnings per share went up 25% to 8.78 sen and shareholders can enjoy an interim dividend of five sen declared in the quarter.

CBIP’s share price closed at RM4.54 yesterday.


This article first appeared in The Edge Financial Daily, on May 30, 2014.
okass87 24 Apr 2014, 09:58 PMPost #27
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http://www.theedgemalaysia.com/business-news/286670-hot-stock-cbip-rises-4-on-expectation-to-win-more-contracts.html
Asriel 20 Apr 2014, 05:47 PMPost #26
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QUOTE=okass87 @ 19 Apr 2014, 04:14 PM

http://www.thestar.com.my/Business/Business-News/2014/04/19/Big-firms-taking-notice-of-CBIP-Companys-growth-underpinned-...

Thanks Okass87 for sharing the QUOTE.
okass87 19 Apr 2014, 04:14 PMPost #25
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http://www.thestar.com.my/Business/Business-News/2014/04/19/Big-firms-taking-notice-of-CBIP-Companys-growth-underpinned-by-new-clients-and-markets/
okass87 08 Apr 2014, 10:31 PMPost #24
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CB Industrial Product - Won RM38.5m Contract In Liberia


News CB Industrial Product Holding (CBIP) has announced that it has been awarded a contract from Sime Darby (SIME) to build a 30 MT/hour Continuous Sterilisation (CS) palm oil mill in Liberia. We gather that the total value of the contract is RM38.5m.

Comments We are positive on the news as this should further strengthen CBIP’s order book. Assuming EBIT margin of 23% for this project, this should translate into RM8.9m to CBIP’s bottom line. Our assumptions are considered conservative as compared to CBIP’s POMM division margin of 25.7% in FY13.

Outlook This contract should further boost CBIP’s total outstanding orderbook to an estimated level of RM500m, which means earnings visibility until 3QFY15 for its palm oil mill manufacturing (POMM) division.

Forecast Maintain our core earnings forecast for both FY14E (RM98m) and FY15E (RM100m) as we have factored in the potential contract win in our assumption.

Rating Maintain OUTPERFORM

We continue to like CBIP as it is poised to capture strong demand for palm oil mills in 2014 and for its steady margin improvement historically.

Valuation Increased our Target Price to RM4.80 based on a higher Fwd. PER of 13.0x (from 12.0x) on CY14E EPS of 36.9 sen. Our Fwd. PER of 13.0x reflects a 2.0x premium against Small Cap Fwd. PE of 11.0x.

As CBIP’s liquidity and market cap have exceeded RM1.2b, the stock may attract the attention of larger funds in the near-term.

Risks Lower-than-expected contract win for its POMM division.

Lower-than-expected margin for retrofitting special purpose vehicle (RSPV) division.

Lower-than- expected CPO prices.

Source: Kenanga

http://klse.i3investor.com/servlets/ptres/22329.jsp



okass87 08 Apr 2014, 10:27 PMPost #23
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CB工业获3850万合约

(吉隆坡7日讯)CB工业产品(CBIP,7076,主板工业产品股)向马交所报备,获森那美种植私人有限公司颁发,总值3850万令吉的建筑合约。
根据文告,CB工业产品独资子公司Modipalm工程私人有限公司将为森那美种植的利比里亚种植地上,兴建棕油处理厂房。

http://www.nanyang.com/node/612554?tid=462

okass87 23 Mar 2014, 08:09 PMPost #22
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CB工业新合约陆续有来

(吉隆坡18日讯)CB工业產品(CBIP,7076,主板工业股)获得在巴布亚新几內亚兴建棕油厂合约的消息,激励股价走高,分析员普遍认为这是一个好的开端,更多的合约將陆续有来。

CB工业產品今日一度上涨至4.43令吉,最终收在4.40令吉,上涨11仙,或2.56%,是今日第23大上升股,全天成交量达77万9700股。

CB工业產品获得常青(PNG)集团子公司Gilford有限公司,颁发一项价值4600万令吉,在巴布亚新几內亚兴建每小时60公吨持续杀酵的棕油厂。

肯纳格研究分析员指出,这是CB工业產品获得来自常青集团的第一项工厂合约。由于常青集团旗下还有其他已经成熟的园丘,因此,更多的合约相信將陆续有来。

假设这项计划的息税前赚幅是23%,有关合约將为CB工业產品带来970万令吉的净利。分析员认为,以CB工业產品的棕油厂製造业务,在2013財政年的25.7%赚幅而言,23%的赚幅预测相信仍是保守的。

提升订单总额

分析员指出,这项合约將提升CB工业產品的订单总额,估计约为4亿8000万令吉。这也表示,其棕油厂製造业务至2015年第3季的净利都已经有著落。

而丰隆投行分析员则指出,由于种植土地规模扩大,兴建棕油厂的需求也隨之增加,因此,获得这项新合约是在市场的预期之中,他也指出,这项4600万令吉的合约,预计將在2014及2015財政年陆续认列。

至今为止,CB工业產品已经公佈的合约,预计將提高该公司棕油厂工程部门的未入账销售至4亿8570万令吉,相等于该部门在2013年营业额的1.53倍。

丰隆投行分析员將CB工业產品2014及2015財政年的净利预测上调1-14%,以反映该公司將获得更多的合约,以及特別用途工具部门更高的息税前赚幅。

分析员预计该公司2 0 1 4 及2015財政年可获得的合约,分別达到4亿令吉,及3亿5000万令吉。

而肯纳格研究分析员维持2014及2015財政年的核心净利预测,分別在9800万及1亿令吉。

分析员相信,CB工业產品在2014年將可获得更多棕油厂的建筑合约,而赚幅相信也將会进一步改善。

分析员维持「超越大市」的评级以及4.42令吉的目標价,並指出,由于该股目前的市值已经超越11亿令吉,因此,近期內有望吸引更大型基金的投资。此外,棕油价格走势是影响该公司表现关键因素。

丰隆投行分析员则將该股的目標价上调19.6%,至4.48令吉,以反映该公司更高的净利预测,以及印尼种植地更高的估值。分析员指出,CB工业產品的优势是,盈利可见度高及有强稳的资產负债表。但由于股价今年以来已经上涨33.2%,因此,进一步上涨的空间有限,分析员维持「守住」建议。

http://www.orientaldaily.com.my/index.php?option=com_k2&view=item&id=106450:cb&Itemid=198[/url]
okass87 20 Mar 2014, 10:05 PMPost #21
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http://www.cbip.com.my/main/pdf/post-fourth-quater-2013-results-update.pdf
okass87 03 Jan 2014, 09:58 PMPost #20
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(吉隆坡3日訊)CB工業(CBIP,7076,主要板工業)透過獨資子公司AVP工程擴大業務版圖,全面收購TPG油氣公司以進軍油氣業,后者主要業務為油氣貿易。

 該公司今日向馬證交所報備,上述收購並不會影響CB工業2014財年每股淨資產、負債與股本。

 “董事局看好此次收購,TPG油氣公司繳足資本僅達50萬令吉,每股面值1令吉,從事油氣貿易相關活動。”

 文告說,TPG油氣公司董事包括林財明(譯音)、拿督東姑阿迪及姑阿茲哈。
[中国报]

Jiechiam 26 Oct 2013, 02:21 AMPost #19
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极佳的管理层,Good !
okass87 13 Oct 2013, 06:42 PMPost #18
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Website updated. A good company! thumbup

http://www.cbip.com.my/main/
jingi 23 Sep 2013, 11:42 PMPost #17
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Undervalued? With EPS more than 28 cents (expect for this year; 7 cents x 4)
Kopice 13 Aug 2013, 12:21 PMPost #16
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can hold for long term
okass87 11 Aug 2013, 12:04 PMPost #15
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CBIP AGM 2013
http://www.investalks.com/forum/viewthread.php?tid=18472&rpid=2361281&ordertype=0&page=298#pid2361281
Asriel 06 Apr 2013, 06:51 PMPost #14
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Does anyone has any idea why this counter has gone so low? Its PE is only 2.9X and its DY is 21%. Is this a good opportunity to get in? Has it touched the bottom or what? Anyone has experiences or information about this counter? Please enlighten us. Thank you v much.rolleyes
tiekyu71 19 Oct 2012, 06:05 PMPost #13
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tzejinlau 19 Oct 2012, 10:25 AMPost #12
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QUOTE=tiekyu71 @ 17 Oct 2012, 02:44 PM
---Deleted---

welcome!
tiekyu71 17 Oct 2012, 02:44 PMPost #11
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tzejinlau 28 Aug 2012, 09:49 AMPost #10
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QUOTE=Mike @ 17 Aug 2012, 08:58 PM
[QUOTE=tzejinlau @ 17 Aug 2012, 04:09 PM]1613[/Q...

only 10cent nie....
Mike 17 Aug 2012, 08:58 PMPost #9
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[QUOTE=tzejinlau @ 17 Aug 2012, 04:09 PM]1613[/Qsadsadsadsadsadsadsad
tzejinlau 17 Aug 2012, 04:09 PMPost #8
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QUOTE=Mike @ 17 Aug 2012, 12:52 PM

This 30 sen already been paid on May,please NOT another dividend le.crycrycry

Mikey,
from Bursa :

The Board of Directors of the Company is pleased to declare an interim tax-exempt dividend of 20% per ordinary share of RM0.50 each in respect of the financial year ending 31 December 2012.

The dividend entitlement and payment dates will be announced in due course.

This announcement is dated 16 August 2012.

******* so is it another 30cent??? ******

Mike 17 Aug 2012, 12:52 PMPost #7
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QUOTE=tzejinlau @ 17 Aug 2012, 08:49 AM
another 20+10 = 30cent... that is the best duit raya leh.... hoho!!!

This 30 sen already been paid on May,please NOT another dividend le.crycrycry
tzejinlau 17 Aug 2012, 08:49 AMPost #6
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another 20+10 = 30cent... that is the best duit raya leh.... hoho!!!
tzejinlau 13 Jun 2012, 04:37 PMPost #5
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with some LOA on hand, shud be busy for few years, i think...
ILoveDividend 02 May 2012, 05:37 PMPost #4
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so many good stuff from CBIP. star

Interim Tax-Exempt Dividend of RM0.30 per ordinary share of RM0.50 each inrespect of the Financial Year Ended 31 December 2011
ILoveDividend 27 Mar 2012, 09:08 AMPost #3
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CB Industrial wins palm oil mill job

CB Industrial Product Holdings Bhd (CBIP) has announced that it has received a letter of award from Syarikat Ladang Sungai
Terah Sdn Bhd (a subsidiary of Kumpulan Perladangan PKINK Bhd) worth RM44.66 million.

In a filing to Bursa Malaysia today, CBIP said the contract is for its wholly-owned unit Modipalm Engineering Sdn Bhd to design and build a palm oil mill with a capacity of 30 tonnes per hour costing RM42.61 million.

The company said the contract also includes the extension of another 15 tonnes per hour capacity valued at RM2.05 million, adding this work has to be undertaken within two years of the handing over of the 30 tonnes per hour mill. -- BERNAMA
ILoveDividend 27 Mar 2012, 09:05 AMPost #2
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股海宝藏:CB工业产品料慷慨派息

财经周刊
投资观点
2012-03-26 12:42

涵盖:

1. 棕油器材及生产工具的机械支援、经营及合约工程、

2. 通过联营公司及联号公司栽种棕油树,和生产原棕油及棕仁,

3. 改造特别用途汽车。

去年,工程业务分别对营业额和营运盈贡献了59%和33%。

CB工业的部分投资重点包括:

1. 工程业务受到肯定,这可从该业务所获得的强劲订单及不断成长的营业额中获得证实。

2. 棕油厂房需求展望亮丽,受需求及供应因素支撑。

3. 是全球不断拓展的棕油领域之安全投资及代表股项。

4. 拥强劲资产负债表,每股净现金高达80仙,未来或展开慷慨股息派发策略。

CB工业在棕油生产工具设计及供应方面有扎实记录,这从

1. 2000至2011年向客户发放95项棕油生产工具;

2. 过去多年中从机械业务获得稳定营业额及税前盈利贡献中获得证实。

部分知名客户包括联邦土地发展局、TH种植(THPlant,5112,主板种植股)、丰益国际(Wilmar)、森那美(Sime,4197,主板贸服股)、PT Astra Agro、贸易风(TWS,4421,主板消费产品股)和PT Minamas等。

棕油生产工具展望佳

丰隆研究看好棕油生产工具的需求展望,理由包括:

1. 植物油长期需求展望正面,推动更多种植活动,使棕油生产工具的需求增加;

2. 其他国家(诸如巴布亚新几内亚和利比里亚)出现新耕种土地;

3. 世界最大棕油生产国(诸如大马和印尼)可耕种土地受限,推动棕油业者将传统棕油生产工具,转变成现代化棕油生产工具,以使产量和空间更有效率。

欧元区经济不明朗,近期或影响植物油(包括棕油)价格及需求,丰隆研究维持其对种植领域长期展望的正面看法,原因为:

1. 世界人口及人均收入(意味着更高的植物油消耗量)增加,以及

2. 大马及印尼(共占全世界棕油产量的85%)的新可耕种土地缺乏,推动棕油业者(特别是大规模种植业者)拓展海外地库,诸如进军巴布亚新几内亚和西非国家,而拓展海外国家新可耕种土地的举动,将为棕油生产工具创造需求。

为棕油生产工具提供一站式方案且已经与这些棕油业者建立起密切商业关系的CB工业,料更有机会赢获此类合约。

有望获更多订单盈利稳健

根据黄氏星展维高达报告显示,2011财年的未入账营收达3亿7100万令吉(可延续多达15个月),并拥有赢获更多订单的强劲展望。

已经注册的Modipalm生产工具,需求稳健成长,此产品有能力:i)提高榨取量(OER),ii)使经榨取的棕油品质更佳、iii)完全自动化,减少员工数量和意外,及iv)使工作环境更干净及工作地点更安全。

它也计划在2013年杪,将巴生的工厂生产工具数量,由目前的12至14架,增至20至24架。专注在可带来更高赚幅,以及将低赚幅的厂房土木工程进行外包的策略,从而使工程业务赚幅提高。

脱售Sachiew和Empresa种植地后,工程业务盈利增长料可部分抵消本财年较低的种植业务盈利。

净利剧增57%

在计入:

(1) 脱售种植地获得2亿6810万令吉,和

(2)现金收购印尼种植地库后,CB工业依然拥有2亿2000万令吉或相等于每股81仙的净现金。

在揣测它将向股东派发丰厚股息的可能性未免过早之际,CB工业或可能运用脱售所得现金作为:(1)向投资者回退部分现金,和/或(2)投资其他种植资产。

2012至2014年盈利预测,意味着3年复合年增长率达16.5%

CB工业去年的净利剧增57%至1亿390万令吉,相对于前期所取得的6630万令吉,原因为:(1)棕油价格更高,(2)工程业务的工程账项及赚幅扩张更高所带动。

根据丰隆研究报告,扣除已被脱售的种植业务于去年所带来的盈利贡献(5660万令吉或相等于净利的54%),其2012至2014年盈利预测,意味着3年复合年增长率达16.5%。

备注:

1. 根据黄氏发展证券行的计算, CB工业最近脱售和收购后经调整净现金值为2亿2千万令吉或相等于每股81仙。

2. CBIP 5年的平均本益比 = 14倍。

3. 目标价:黄氏发展证券行 (3.00令吉),丰隆投资银行 (3.03令吉)。

4. 99年5月上市第二板,在进行两次付款附加股(75仙现金以及25仙保留盈利支付)后于05年7月转至主板上市,以及将1令吉面值的普通股折细成面值50仙的普通股,使股本增至1亿3千100万股。

5. 进行1送1红股而派送的1亿3千400万股新普通股于2012年3月上市。

6. 不包括在每股81仙的净现金,它只是处于2012财政年和2013财政年的5.4倍和4.9倍水平交易。

分析:慧眼
ILoveDividend 23 Feb 2012, 09:05 AMPost #1
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CB工業提升油較廠製造市占率

(吉隆坡22日訊)CB工業產品(CBIP,7076,主板工業股)將積極透過尋求新客戶,及為舊廠進行轉換等方式,將其大馬油較廠製造的市占率從約40%,提高至60%。

CB工業產品董事經理林再明表示,該公司正積極尋求更多新客戶源,尤其是新種植公司業者。同時,該公司也將為大型棕油公司,如豐益國際(WILMAR)、聯邦土地發展局(Felda)、TH種植(THPLANT,5112,主板種植股)等,進行舊廠轉換業務。

「我們每年可製造15個油較廠,基於我們目前擁有更多時間和資金,所以應積極尋找新客戶源。」林再明是在CB工業產品的股東特別大會後,向記者發表談話。

他表示,該公司大馬油較廠製造的市占率達30%至40%,而印尼則不超過25%。通過新客戶與舊有客戶的翻新項目,該公司冀望大馬市占率將提升至60%。他透露,油較廠製造業務中,印尼貢獻海外總營業額的60%,其他則來自非洲和中美洲,而該公司下一個目標是巴西市場。

林再明表示,CB工業產品的統一油較廠(standard mill)和傳統棕油廠(conventional mill)生產的比重各佔80%及20%,而其油較廠的產量為45公噸,適用於中型廠房。

提高產能增加回酬

「由於土地價格逐漸上升,加上土地供應量有限,因而提高產能是最佳方式。即使只是增加1%的產能,也可為業者帶來很好的回酬。」

林再明認為,或許市場會認為轉換舊廠的成本很貴,但基於產能增長和成本降低,這仍有助於該公司在短時間內回本。

另一方面,林再明表示,今日股東特大尋求脫售Sachiew種植和Empressa(馬)私人有限公司的股權,主要為了集資作為棕油業務和油較廠製造發展用途。該公司將在2012財政年分別為其印尼種植業務與製造業務,投入6000萬令吉和1500萬令吉的資本開銷。至於印尼的種植業務方面,CB工業產品的種植地段達4萬公頃,當中1600公頃已開始種植。

他表示,公司將在2013年正式投入種植,預計第一年內,將種植5000公頃的棕油,隨後則每年種植7000至8000公頃。這意味著,該地段將在5年內達到全面種植。

CB工業產品2011財政年末季(截至12月31日)淨利按年揚升68.23%,達3060萬令吉;營業額則從去年同期的1億1987萬令吉,按年上升4.44%,達1億2519萬令吉。

至於2011財政年全年,該公司的淨利為1億零386萬令吉,按年增漲56.56%;營業額則報4億5405萬令吉,按年上漲29.21%。

http://www2.orientaldaily.com.my/read/LBZ/21BQ0QQ21MUn2HsU00072Qyq2Q1X36iZ