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Market Date: 23 Apr 2019

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1 Year Change (%)
Avg Volume (1 Year)

Market Capital (RM)
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* 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)
PBT (RM,000)Net Profit
(RM,000)
EPS (Cent)Dividend
(Cent)
NTA
(RM)
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Report
21 Feb 201931 Mar 2019331 Dec 201880,9787,3065,1192.130.000.810 Malaysia Stock - KLSE Quarter Report History
29 Nov 201831 Mar 2019230 Sep 201873,6923,4872,6701.110.500.790 Malaysia Stock - KLSE Quarter Report History
29 Aug 201831 Mar 2019130 Jun 201866,8294,0653,1351.310.500.780 Malaysia Stock - KLSE Quarter Report History
30 May 201831 Mar 2018431 Mar 201873,223-1,0242670.110.000.770 Malaysia Stock - KLSE Quarter Report History
27 Feb 201831 Mar 2018331 Dec 201775,0611,4093,3321.390.500.770 Malaysia Stock - KLSE Quarter Report History
22 Nov 201731 Mar 2018230 Sep 201773,3093,9634,3371.811.000.770 Malaysia Stock - KLSE Quarter Report History
24 Aug 201731 Mar 2018130 Jun 201766,7173,9063,2661.361.000.760 Malaysia Stock - KLSE Quarter Report History
29 May 201731 Mar 2017431 Mar 201764,8984,9553,3071.381.000.760 Malaysia Stock - KLSE Quarter Report History
21 Feb 201731 Mar 2017331 Dec 201667,8007,6025,4462.271.000.750 Malaysia Stock - KLSE Quarter Report History
24 Nov 201631 Mar 2017230 Sep 201660,0505,6635,3832.241.000.740 Malaysia Stock - KLSE Quarter Report History
23 Aug 201631 Mar 2017130 Jun 201663,3354,8424,1101.711.000.730 Malaysia Stock - KLSE Quarter Report History
26 May 201631 Mar 2016431 Mar 201663,4135,1213,2171.341.000.720 Malaysia Stock - KLSE Quarter Report History
12345

DateFinancial
Year
Ex-DateEntitlement
Date
Payment
Date
Entitlement TypeDividend
(Cent)
Dividend
(%)
Details
21 Feb 201931 Mar 201906 Mar 201908 Mar 201929 Mar 2019Interim Dividend0.50000.00 Malaysia Stock -  Dividend
29 Nov 201831 Mar 201912 Dec 201814 Dec 201811 Jan 2019Interim Dividend0.50000.00 Malaysia Stock -  Dividend
29 Aug 201831 Mar 201919 Sep 201821 Sep 201812 Oct 2018Interim Dividend0.50000.00 Malaysia Stock -  Dividend
27 Feb 201831 Mar 201814 Mar 201816 Mar 201806 Apr 2018Interim Dividend0.50000.00 Malaysia Stock -  Dividend
22 Nov 201731 Mar 201807 Dec 201711 Dec 201705 Jan 2018Interim Dividend1.00000.00 Malaysia Stock -  Dividend
24 Aug 201731 Mar 201811 Sep 201713 Sep 201710 Oct 2017First Interim Dividend1.00000.00 Malaysia Stock -  Dividend
29 May 201731 Mar 201708 Jun 201713 Jun 201706 Jul 2017Interim Dividend1.00000.00 Malaysia Stock -  Dividend
21 Feb 201731 Mar 201708 Mar 201710 Mar 201703 Apr 2017Interim Dividend1.00000.00 Malaysia Stock -  Dividend
25 Nov 201631 Mar 201709 Dec 201614 Dec 201606 Jan 2017Second interim Dividend1.00000.00 Malaysia Stock -  Dividend
23 Aug 201631 Mar 201708 Sep 201613 Sep 201606 Oct 2016First Interim Dividend1.00000.00 Malaysia Stock -  Dividend
26 May 201631 Mar 201609 Jun 201613 Jun 201605 Jul 2016Interim Dividend1.00000.00 Malaysia Stock -  Dividend
24 Feb 201631 Mar 201609 Mar 201611 Mar 201605 Apr 2016Interim Dividend1.00000.00 Malaysia Stock -  Dividend
1234

DateEx-DateEntitlement
Date
Transfer
Date
TypeRatioRight Issue
Price
Details
03 Sep 201515 Sep 201518 Sep 201518 Sep 2015Bonus Issue1 : 10.000 Malaysia Stock -  Bonus/Rights Issue
03 Sep 201515 Sep 201518 Sep 201518 Sep 2015Subdivision2 : 10.000 Malaysia Stock -  Bonus/Rights Issue
29 Aug 200322 Sep 200324 Sep 200324 Sep 2003Bonus Issue1 : 20.000 Malaysia Stock -  Bonus/Rights Issue

OFI (7107) : ORIENTAL FOOD INDUSTRIES HOLDINGS BERHAD
Jovi Lim
Member Star
Posts: 17
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:16 AMPost #1

Stronger-than-expected 3QFY19. Oriental Food Industries (OFI) chalked up a core net profit of RM5.1m in its 3QFY19 results, up 16.9% yoy and more than doubled qoq. Still, 9MFY19 core profit (after excluding realized and unrealized forex gains) was down 27.5% yoy. The 9M results were above our expectation as it already met our full year core net earnings estimate. The stronger-than-expected earnings were mainly due to commendable gross / operating margins achieved (actual 9MFY19: 18.3%/7.0% vs our forecast: 17.0%/4.5%) while 9M revenue was within our estimate (accounting for 75% of full year revenue).

Jovi Lim
Member Star
Posts: 17
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:16 AMPost #2

Better yoy. The Group posted a better yoy performance mainly attributable to higher topline (+7.9% yoy) especially from its export markets (+27.7%) coupled with stronger operating margin achieved (+7.1ppts) pursuant to lower selling & distribution expenses. However, the Group achieved weaker 9M results mainly due to lower gross margin (- 2.3ppts) as affected by higher raw material and labour costs during 1HFY19 as well as higher tax expenses (9MFY19 effective tax rate of 26.2% vs 18.3% in 9MFY18).

Jovi Lim
Member Star
Posts: 17
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:16 AMPost #3

Stronger qoq. OFI’s earnings soared qoq, mainly attributable to better gross margin (+5.3ppts). In addition, the Group also recorded a higher topline (+9.9%) during this quarter underpinned by local sales, up 12.7%. We reckon that the worst is over for the Group and foresee the Group’s margins to recover gradually moving forward.

Jovi Lim
Member Star
Posts: 17
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:16 AMPost #4

Declared third interim dividend. The Group has proposed a third interim dividend of 0.5sen/share for this quarter, which is lower than 1.0sen/share in a year ago. This brings the total dividend declared to 1.5sen/share for this financial year.

Jovi Lim
Member Star
Posts: 17
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:16 AMPost #5

On-going expansion plans. OFI is currently making machinery acquisitions under its expansion projects for new product lines. The management expects these new lines will contribute positively towards the growth and profitability of the Group. These programs are expected to be completed in stages in the next few years.

Jovi Lim
Member Star
Posts: 17
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:17 AMPost #6

We revise upwards our core net profit forecasts for FY19F and FY20F by 49.5% and 18.8% to RM14.0m and RM15.6m respectively following increase in our margins assumptions.

Jovi Lim
Member Star
Posts: 17
Joined: Dec 2018
Male, MYS
22 Feb 2019, 11:17 AMPost #7

Upgrade to BUY from HOLD on OFI with a higher target price of RM0.85 (from RM0.66) following our earnings upgrade. Our revised target price is now based on PE multiple of 14.6x FY2019F EPS, which is -0.5 SD below its mean PE. We reckon that the worst is over for the Group and foresee the Group’s margins to recover gradually moving forward. Hence, we advise investors to buy on weakness as seeing value re-emerges.

earlybird123
Member Star
Posts: 2
Joined: Apr 2019
Male, MYS
17 Apr 2019, 01:50 PMPost #8

OFI 目前的新产品ZESS饼干在本地市场未有如想象中畅销。

现在又遇到经济萧条,所以本人认为还不是买进的时机。

在这一两年本地市场应该不会见得成长。

如果出口有成长,那就另当别论。


yeah doh drool lol mad notworthy question rant rolleyes sad shutup shy smile star sweat thumbup wub cry

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