FITTERS (9318) : FITTERS DIVERSIFIED BERHAD

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FITTERS (9318) : FITTERS DIVERSIFIED BERHAD
Destiny Posts: 92 Joined: Dec 2011	06 Feb 2012, 10:14 PMPost #1
	Fitters what do u guys think
ILoveDividend Posts: 521 Joined: Dec 2011	07 Feb 2012, 11:14 AMPost #2
	Fitters what do u guys think...Destiny @ 06 Feb 2012, 10:14 PM This was an old article from RHB Research: TARGET PRICE: RM1.10 KUALA LUMPUR: RHB Research Institute said against a backdrop of a depressed stock market, realistically, funding for Fitters Diversified's green energy ventures will now have to come mainly from debt instead of equity. It said on Wednesday, Oct 19 that Fitters had budgeted RM40 million capital expenditure for its green energy ventures in FY12/12 of which RM30 million would go to third-party green palm oil milling and the remaining RM10 million to biomass-based green energy projects. 'Apart from green palm oil milling, Fitters is currently evaluating a long list of greenfield/brownfield green energy ventures in the Philippines and Singapore to invest in for the long haul. These will be carried out on a build, operate and transfer (BOT) basis, based on biomass sources such as coconut shell, rice husk, garden/landscaping refuse and animal waste including chicken dressing,' it said. RHB Research said for green palm oil milling, Fitters is closing in on deals with eight third-party palm oil mills. It also said the company indicated that its previous FY12/11 net profit guidance of RM35 million will not be achievable due to the delay in the launching of Phase 3 of its ZetaPark project in Setapak, Kuala Lumpur, as well as lower palm oil milling profits. 'We are cutting FY12/11-13 net profit forecasts by 17%-28% to reflect these,' it said. It accorded a fair value of RM1.10. This is having valued its fire prevention, CONSTRUCTION [] and palm oil milling businesses at 10 times one-year forward PER, property business by discounting back the potential profits from RM338 million GDV to NPV at 10% and green energy business by the DCF model with a discount rate that is equivalent to Fitters' WACC of 8.9%.
ILoveDividend Posts: 521 Joined: Dec 2011	07 Feb 2012, 11:17 AMPost #3
	Its revenue & profit increased quite a lot for pass few years, but no dividend since 2008. Haha.
Destiny Posts: 92 Joined: Dec 2011	07 Feb 2012, 02:48 PMPost #4
	Yalo...no dividend....their boss kiamsiap
AhWong Posts: 3 Joined: Dec 2012	20 Dec 2012, 11:34 AMPost #5
	haiz.. i think this yr fitter also no dividen. Poor fitter...
nn77 Posts: 6 Joined: Mar 2014	19 Mar 2014, 05:56 PMPost #6
	很少人注意到辉德多元（Fitters,9318，主板贸服股）是一家没有负债的公司。其实，在去年9月杪，该公司仍有3500多万的净债额（债务减现金），但在3个月后，即去年12月31日结账时不但没有负债，手头还有超过700万净现金（现金减负责），成为一家无债公司。原来辉德多元大股东拿督黄瑞意夫妇，在该公司凭单于去年杪到期前，以53仙的转换价，全部转为普通股。积极扩展多元化业务这其实是以每股53仙的价格发附加股，注资于该公司。这使该公司的实收资本，由2012年9月30日时的1亿1086万令吉，增至12月31日的1亿5593万令吉，使该公司成为无债公司。在过去几个月中，辉德多元大股东持续不断的从股市回购该公司的股票，买价在55仙至60仙之间，我认为这是大股东对该公司前途信心满满的表现。辉德过去以制造灭火具为主，但近年来极积多元化业务至产业、建筑、再生能源，有不错的业绩表现。去年辉德多元每股净赚12.43仙，今年在文良港兴建的288间公寓开始对盈利作出贡献，今年盈利可望胜过去年。 Few people noticed Hui Tak diverse (Fitters, 9318, trade dress motherboard shares ) is a company no liabilities. In fact, as at end September last year , the company still has more than 35 million of net debt (debt minus cash ) , But three months later, on December 31 last year, closing only no debt , There are more than 7 million on hand net cash ( cash less responsible ) to become a debt free company . The original multi- largest shareholder Datuk De Hui Huang Rui intended couple, the company last year before the tip of the voucher expires The conversion price of 53 cents , entirely converted into ordinary shares. Actively expanding diversified business In fact, this is the price of 53 cents per share issued additional shares of capital injection in the company . This makes the company's paid-up capital by 100 million 10.86 million ringgit September 30, 2012 when , To $ 100 million 55.93 million ringgit on December 31 , making the company become debt free company . In the past few months, the German multi- hui continuing major shareholders repurchase the company's shares from the stock market , Purchase price between 55 cents to 60 cents , I think this is the major shareholder confidence in the company 's future performance . Hui Germany has dominated the past in order to create fire , but in recent years a plot diversified business to industrial , construction, renewable energy, have a good performance . De -hui yuan last year netted 12.43 cents per share , in the text of this year the construction of 288 apartments harbor began to contribute to earnings this year, better than expected earnings last year .
nn77 Posts: 6 Joined: Mar 2014	19 Mar 2014, 06:35 PMPost #7
	Fitters Diversified (FIT MK) -------------------7//03//14 ------------------------------------------------------------- Technical BUY with +24.4% potential return Last price : RM0.860 Target Price : RM1.01, RM1.07 Support : RM0.825 Stop-loss: RM0.815 ------------------------------------------------------------- BUY with a target price of RM1.07 with a stop loss placed below RM0.815. Following a minor pullback from the recent high of RM0.905, FIT has established support around RM0.825 as it has recovered gradually in the last 3 days. The share price has rebounded off the 22-day SMA line, suggesting the uptrend remains intact. Given the stochastic indicator is on the verge of flashing a bullish signal, we expect upside continuation to spur fresh buying interest and confirm a new up-leg. As the share price is still trading above the “cloud”, the uptrend should continue, thus we peg our upside target at the 1.61x Fibonacci retracement level of RM1.07 over the medium term. 钳工多元化（FIT MK）-------------------7//03//14 -------------------------------------------------- ----------- 技术买入24.4％的潜在回报最新价格：RM0.860 目标价：RM1.01，RM1.07 技术支持：RM0.825 止损：RM0.815 ----------------------------------------------------------------- 买入与下面放置RM0.815止损，目标价RM1.07的。继RM0.905的近期高点轻微回落，散客已经建立各地RM0.825的支持，因为它已经在过去的3天逐渐恢复。股价已反弹了22天移动平均线线，这表明上升趋势依然完好。鉴于随机指标是闪烁的看涨信号的边缘，我们预计延续上攻刺激新的买盘兴趣并确认新的上升行情。由于股价仍进行交易高于“云”，上升趋势应该继续下去，因此，我们挂了个上行目标可能在RM1.07的1.61x斐波那契回撤水平在中期内。
ILoveDividend Posts: 521 Joined: Dec 2011	20 Mar 2014, 08:28 AMPost #8
	很少人注意到...nn77 @ 19 Mar 2014, 05:56 PM Hi nn77, Fitter is no longer in a net cash position now. Its borrowing has increased RM55mil to RM79.6mil. Cash on hand as at Q4 2013 is RM45mil. However, the current ratio is still quite healthy which is above 2.
nn77 Posts: 6 Joined: Mar 2014	20 Mar 2014, 10:56 AMPost #9
	Hi nn77, Fitter is no longer in a net cash position now. Its borrowing has increased ...ILoveDividend @ 20 Mar 2014, 08:28 AM
nn77 Posts: 6 Joined: Mar 2014	21 Mar 2014, 09:44 AMPost #10
	Fitters is a growing stock , pe should be at least more than 7.
nn77 Posts: 6 Joined: Mar 2014	21 Mar 2014, 10:22 AMPost #11
	Fitters plans four plants to produce pipes, two locally and one each in Thailand, Indonesia... KUALA LUMPUR: In its effort to diversify its income streams, Fitters Diversified Bhd intends to set up two local pipe manufacturing plants, with future plans for another two in Thailand and Indonesia to supply a superior type of pipes to the region. The group’s strategy is to first invest RM80mil in capex to build a “orientated PVC” (PVC-O) pipe manufacturing plant in Gebeng, Kuantan with a capacity of 11,000 tonnes per year or an estimated pipe length of 3,700km. Managing director Datuk Richard Wong said the Kuantan plant, sited on 4.5 acres of land, would initially have three production lines and that its subsequent phase will double its capacity with an additional three lines in three and a half years. The investment will be funded with internally generated funds and debt, he told reporters yesterday at the partnership signing ceremony between the company and three other parties to produce and market the pipes in the region. Phase 2 of Fitters’ manufacturing expansion includes another plant in Kota Kinabalu with four manufacturing lines, to cater to exports to the Phillippines as well. Wong said the group’s foray into the pipe production business would begin in Malaysia for both the local and exportmarket, before it set up overseas plants to meet demand in big markets like Thailand and Indonesia. “We will start here, and as we expand, we believe Thailand and Indonesia will need more pipes so by having plants there, we can save on logistics cost. “This is the first time we are venturing into manufacturing but we are familiar with the distribution market of this piping industry,” he added. Wong said the group would focus on establishing its marketing and distribution network around the region prior to its overseas expansion. Around the region, Fitters has secured interest from parties in Thailand, Indonesia, Myanmar and Cambodia. “Once our plant is up and running, and the countries have tested and approved our pipes, we will start shipping out.” Fitters will sell the PVC-O pipes to mainly governments and township developers for both pipe-laying and pipe-replacement. It is now in talks with the Malaysian Government for the nationwide pipe-replacement initiative and is in the midst of obtaining its Sirim and National Water Services Commission (SPAN) certifications. Wong, who is optimistic that the certification approvals will come through next month said the company would start selling the products imported from Spain until its plant commenced production. Although the group has not secured any contracts at the moment, Wong pointed out that “there is a lot of aging pipes to replace in Malaysia, similarly in the region.” The group targets to capture a 10% market share locally by end-2015. Yesterday, the group announced in a press conference that its 65%-owned sibsidiary Molecor (SEA) Sdn Bhd has secured exclusive rights from Spain-based Molecor Technologia SL to manufacture and market PVC-O pipes in South East Asia under the brand ‘Hypro’. The pipes, which are manufactured using international standards, have been used in Australia, Italy, France, Spain, South Africa and Ecuador. This will mark the debut of such pipe products in this region. PVC-O is a technology Molecor Technologia developed and patented. Molecor (SEA) Sdn Bhd is also 25%-owned by Ricwil (M) Sdn Bhd and 10%-owned by Molecor Technologia. Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Johnity Ongkili witnessed the signing ceremony between Fitters, Ricwil, Molecor Technologia and valve producer AVK Valves Manufacturing (M) Sdn Bhd yesterday. PVC-O pipes are superior to normal PVC and steel pipes in that they are lighter, corrosion-resistant, does not react to natural chemical substances and are ideal for high pressure water transport. These pipes have a lifespan of 50 years compared with 30 years for conventional steel-based pipes. 钳工计划的四家工厂生产的管道，两名当地各一泰国，印度尼西亚 ... （吉隆坡）在其以分散其收入来源的努力，钳工多元化Bhd公司拟成立两个本地管道制造工厂，与另外两个在泰国和印尼未来计划提供一个优越的类型管道的地区。本集团的策略是先投资RM80mil的资本开支将在Gebeng ，关丹容量为11,000吨，每年或3700千米，估计管道长度构筑“面向聚氯乙烯” （ PVC -O ）管生产厂。董事经理拿督王于渐表示，关丹工厂，选址的450亩土地，最初将有三条生产线，而其后续阶段将产能翻番，在三年半的时间里附加的三条线。该投资将内部产生的资金和债务提供资金，他告诉记者，昨天在公司和其他三方在该地区生产和销售管道之间的伙伴关系签字仪式。的钳工'制造业扩张2阶段包括另一家工厂在哥打京那巴鲁有四个生产线，以满足出口到菲律宾也。黄先生表示，该集团进军管道生产业务将开始在马来西亚本地和exportmarket ，才在海外设立工厂，以满足需求的大市场，如泰国和印尼。 “我们会从这里开始，和我们的拓展，我们相信泰国和印尼将需要更多的管道，以便通过让植物在那里，我们可以节省物流成本。 “这是我们第一次涉足制造，但我们都熟悉这个管道行业的分销市场， ”他补充说。黄先生表示，该集团将专注于之前，其海外扩张确立其周边地区的营销和分销网络。周围的区域，钳工已获得在泰国，印度尼西亚，缅甸和柬埔寨各方利益。 “一旦我们的工厂已经启动并运行，而国家已经测试并批准了我们的管道，我们将开始出货了。” 钳工将出售的PVC -O管材主要是政府和乡镇开发商为管道铺设和管道更换。目前它在与马来西亚政府进行谈判的全国性管更换主动权，并在取得其SIRIM和国家水务委员会（ SPAN ）认证之中。王，谁是乐观的认证批准将通过下月表示，该公司将开始销售来自西班牙进口的产品，直到它的厂房开始生产。尽管本集团并无固定在任何时刻的合约，黄先生指出，“有很多老化的管道在马来西亚来代替，同样在该地区。 ” 该集团的目标是2015年年底在本地捕获10 ％的市场份额。昨天，在新闻发布会上宣布，其拥有65％权益sibsidiary Molecor （ SEA）私人有限公司已经在品牌的HYPRO下获得来自总部位于西班牙的Molecor Technologia SL独家经营权，制造和东南亚市场的PVC -O管组' 。管道，这是采用国际标准生产，已被用于澳大利亚，意大利，法国，西班牙，南非和厄瓜多尔。这将标志着这种管产品在本地区的首次亮相。 PVC- O是一个技术Molecor Technologia开发并获得专利。 Molecor （ SEA）私人有限公司也是25 ％权益由Ricwil （马）私人有限公司及10 ％权益由Molecor Technologia 。能源，绿色工艺及水务部长拿督斯里博士鲆Johnity Ongkili昨天目睹钳工， Ricwil ， Molecor Technologia和阀门生产商AVK阀门制造（ M） Sdn Bhd公司之间的签约仪式。 PVC -O管材优于在正常PVC和钢管它们重量更轻，耐腐蚀，不应对天然化学物质，是理想的高压水运输。这些管道有50年的寿命有30年传统的钢基管相比。 BY LIZ LEE Reading more >>> http://www.thestar.com.my/Business/Business-News/2014/03/21/Fitters-in-expansion-mode-Company-plans-four-plants-to-produce-pipes-two-locally-and-one-each-in-Tha/
nn77 Posts: 6 Joined: Mar 2014	21 Mar 2014, 07:39 PMPost #12
	（吉隆坡20日訊）輝德控股（FITTERS,9318,主板貿服組）將撥出8千萬令吉資本開銷在關丹設廠，放眼2015年獲取本地水管市場10%分額目標，也計劃打進東南亞市場。進軍東南亞市場輝德控股今日與Ricwil（大馬）公司及西班牙模力固公司（Molecor）簽署合作協議，成立模力固（東南亞）有限公司，輝德控股持有65%股權，Ricwil及西班牙模力固公司則分別持25%及10%股權。該公司董事經理黃瑞意在簽署儀式後表示，已獲取模力固PVC-O水管的東南亞生產及營銷專有權，放眼迎合大馬私人及公共領域新水管需求，尤其是政府在全國進行的水管更換措施。 PVC-O水管採用模力固專利技術生產，具更高抗壓性及50年使用期限，比一般鋼製水管的30年使用期限更持久，已在澳洲、意大利、法國、西班牙、南非及厄瓜多使用。 “計劃投資約8千萬令吉資本開銷，在關丹購地及設廠生產PVC-O水管，放眼2015年獲取本地水管市場10%分額目標。” 他說，第一期工程將設立3條生產線，年產能最高1萬1千公噸，本月杪將開始建築工程，預計今年9月可投運，出口至東南亞市場。計劃在馬設10生產線另外，他計劃在大馬設立10條生產線，第二期生產線（4條）將設在沙巴亞庇，主要供應東馬及菲律賓市場，第三期生產線（3條）將增設於關丹工廠，提昇年產能至2萬2千公噸。 “今年將積極在緬甸、柬埔寨、印尼及泰國設立營銷網絡，過後視市場反應再考量泰國及印尼設廠的可能性。” 他認為，目前大馬水荒問題顯示更換水管需求殷切，以減少水供中斷及浪費水資源的狀況，而多數東南亞國家還在發展階段，潛在水管需求依然強大，進軍水管領域料將迎合當前需求趨勢。輝德控股核心業務為防火方案供應商，也在本地發展產業及在大馬、菲律賓及印尼經營再生能源業務。（星洲日報／財經） http://biz.sinchew.com.my/node/92033
sia7753 Posts: 13 Joined: Feb 2017	30 Apr 2017, 05:59 AMPost #13
	Uptrend on the way and take profit at strong resistance level !

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