Mamee-Double Decker Bhd, a Malaysian food producer, jumped to a record in Kuala Lumpur trading after proposing a capital repayment of RM179.8 million to minority shareholders.
The stock surged 18 per cent to RM4.23 at 9:02 a.m. local time. -- Bloomberg
Showing posts with label Mamee. Show all posts
Showing posts with label Mamee. Show all posts
Monday, April 11, 2011
Wednesday, February 23, 2011
Mamee profit down RM52.5m in 2010
Mamee-Double Decker (M) Bhd's pre-tax profit was down to RM52.5 million for the financial year ended Dec 31, 2010 from RM55.6 million for the same period previously.
Its revenue however, rose to RM482.5 million, from RM411.6 million previously.
The company said in a statement today, the higher revenue was attributed to its stronger distribution network locally and overseas, as well as effective advertising and promotional activities during the year.
Meanwhile, group managing director Datuk Pang Tee Chew said, financial year 2010 was a momentous one for the company as it launched three new products and strengthened distribution channels in the domestic and foreign markets to achieve deeper penetration.
He added that the company's overseas revenue grew at a quicker pace of 20 per cent year-on-year, with the highest growth noted in Australia, its largest export market. -- Bernama
Its revenue however, rose to RM482.5 million, from RM411.6 million previously.
The company said in a statement today, the higher revenue was attributed to its stronger distribution network locally and overseas, as well as effective advertising and promotional activities during the year.
Meanwhile, group managing director Datuk Pang Tee Chew said, financial year 2010 was a momentous one for the company as it launched three new products and strengthened distribution channels in the domestic and foreign markets to achieve deeper penetration.
He added that the company's overseas revenue grew at a quicker pace of 20 per cent year-on-year, with the highest growth noted in Australia, its largest export market. -- Bernama
Friday, August 27, 2010
Stock to Watch - Fri, 27 August 2010
* Kumpulan Europlus (RM0.945, SELL) – Bearish divergences seen.
* SEG International (RM2.50, SELL) – Time to take profits?
* Mamee Double-Decker (RM3.38, SELL) – Broken below the wedge support.
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1. Kumpulan Europlus (RM0.945, SELL)
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2. SEG International (RM2.50, SELL)
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3. Mamee Double-Decker (RM3.38, SELL)
* SEG International (RM2.50, SELL) – Time to take profits?
* Mamee Double-Decker (RM3.38, SELL) – Broken below the wedge support.
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1. Kumpulan Europlus (RM0.945, SELL)
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2. SEG International (RM2.50, SELL)
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3. Mamee Double-Decker (RM3.38, SELL)
Monday, August 23, 2010
Mamee-Double Decker H1 pre-tax profit flat
Mamee-Double Decker (M) Bhd's pre-tax profit for the first half year ended June 30, 2010 was almost flat, when compared with the corresponding period of 2009 due to marketing expenses for new products.
The food and beverage manufacturer's pre-tax profit stood at RM29.27 million against RM27.16 previously. The company's turnover jumped to RM235.5 million compared with RM194.49 in the first half of 2009.
'The necessary marketing support for the new products, in effect, saw the group incurring higher sales and distribution expenses for the second quarter of the year, impacting the group's bottom line,' it said in a statement today.
In addition, the group was also affected by foreign exchange losses in second quarter of the year due to the strengthening of the ringgit.
Group Managing Director, Datuk Pang Tee Chew said in line with the strong demand, the company added a new production line for 'Mister Potato Rice Crisps,' and intends to invest RM25 million in advertising and promotions for the second half of 2010, higher than the RM16 million it spend in the first of the year.
'With the increased advertising and promotions, we hope to penetrate both the local and export markets more significantly,' he added. -- Bernama
The food and beverage manufacturer's pre-tax profit stood at RM29.27 million against RM27.16 previously. The company's turnover jumped to RM235.5 million compared with RM194.49 in the first half of 2009.
'The necessary marketing support for the new products, in effect, saw the group incurring higher sales and distribution expenses for the second quarter of the year, impacting the group's bottom line,' it said in a statement today.
In addition, the group was also affected by foreign exchange losses in second quarter of the year due to the strengthening of the ringgit.
Group Managing Director, Datuk Pang Tee Chew said in line with the strong demand, the company added a new production line for 'Mister Potato Rice Crisps,' and intends to invest RM25 million in advertising and promotions for the second half of 2010, higher than the RM16 million it spend in the first of the year.
'With the increased advertising and promotions, we hope to penetrate both the local and export markets more significantly,' he added. -- Bernama
Saturday, June 5, 2010
Mamee ... Jun10
It will invest RM20 million to plant oil palms in Central Kalimantan at the end of the year. It is part of the company's strategies to diversify its revenue base and produce enough palm oil for its own use in the future.
Mamee achieved a revenue of RM411.6 million last year, up 3.7 per cent from 2008. After-tax profit surged 88.1 per cent to RM44.4 million.
Mamee has added two more products to its range: Mister Rice Crisps and Indonesia Instant Fried Noodle. The former is free of monosodium glutamate. The latter, made in Indonesia through contract manufacturing, is aimed at meeting growing demand, especially from the younger generation and Indonesians.
Mamee achieved a revenue of RM411.6 million last year, up 3.7 per cent from 2008. After-tax profit surged 88.1 per cent to RM44.4 million.
Mamee has added two more products to its range: Mister Rice Crisps and Indonesia Instant Fried Noodle. The former is free of monosodium glutamate. The latter, made in Indonesia through contract manufacturing, is aimed at meeting growing demand, especially from the younger generation and Indonesians.
Thursday, May 27, 2010
Mamee reported higher profit & higher sales
Results Update
Mamee has just announced its results for QE31/3/2010. Its net profit increased by 16.2% q-o-q or 13.6% y-o-y to RM12.0 million while turnover increased by 11.9% q-o-q or 26.0% y-o-y to RM115 million. The improved performance was attributable to higher sales, both domestically & overseas, and the return to profitability for its Chinese subsidiary.
Table 1: Mamee's last 8 quarterly results
Chart 1: Mamee's 16 quarterly results
Valuation
Mamee (closed at RM2.78 yesterday) is now trading at a PER of 9.3 times (based on the last 4 quarters' EPS of 30 sen. At this multiple, Mamee is considered quite attractive.
Technical Outlook
Mamee has been in an uptrend since November 2009. Its uptrend line accelerated twice, from SS to S1-S1 and then S2-S2. In the past 2 weeks of market selloff, Mamee broke below its accelerated uptrend line, S2-S2. It may consolidate further & may test the 20-week SMA line at RM2.76 or the next accelerated uptrend line, S1-S1 support at RM2.70.
Chart 2: Mamee's week chart (on Log scale) as at May 26, 2010 (Source: Tradesignum)
Conclusion
Based on good financial performance & attractive valuation, Mamee could be a good stock for long-term investment. However, after a strong rally- punctuated by a breakdown of its immediate accelerated uptrend line- and the current uncertainty in the overall market, one should be more circumspect about buying into Mamee in a substantial manner for now.
Mamee has just announced its results for QE31/3/2010. Its net profit increased by 16.2% q-o-q or 13.6% y-o-y to RM12.0 million while turnover increased by 11.9% q-o-q or 26.0% y-o-y to RM115 million. The improved performance was attributable to higher sales, both domestically & overseas, and the return to profitability for its Chinese subsidiary.
Table 1: Mamee's last 8 quarterly results
Chart 1: Mamee's 16 quarterly results
Valuation
Mamee (closed at RM2.78 yesterday) is now trading at a PER of 9.3 times (based on the last 4 quarters' EPS of 30 sen. At this multiple, Mamee is considered quite attractive.
Technical Outlook
Mamee has been in an uptrend since November 2009. Its uptrend line accelerated twice, from SS to S1-S1 and then S2-S2. In the past 2 weeks of market selloff, Mamee broke below its accelerated uptrend line, S2-S2. It may consolidate further & may test the 20-week SMA line at RM2.76 or the next accelerated uptrend line, S1-S1 support at RM2.70.
Chart 2: Mamee's week chart (on Log scale) as at May 26, 2010 (Source: Tradesignum)
Conclusion
Based on good financial performance & attractive valuation, Mamee could be a good stock for long-term investment. However, after a strong rally- punctuated by a breakdown of its immediate accelerated uptrend line- and the current uncertainty in the overall market, one should be more circumspect about buying into Mamee in a substantial manner for now.
Thursday, March 4, 2010
Stock to Watch - Thu, 04 March 2010
* LBS Bina Group (RM0.72, SELL) – Potential break down.
* Mamee Double Decker (RM2.66, BUY) – Holding steady above uptrend channel.
* Unisem (RM2.30, SELL) – Uptrend is losing some pace.
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1. LBS Bina Group (RM0.72, SELL)
LBS Bina Group is a management and investment holding company. The company, through its subsidiaries, operates property development and investment.
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2. Mamee Double Decker (RM2.66, BUY)
Mamee Double Decker is an investment holding company. Through its subsidiaries, the company manufactures and markets food, dairy products, and soft drinks. Mamee Double Decker also cultivates oil palm.
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3. Unisem (RM2.30, SELL)
Unisem (M) manufactures semiconductor devices. The company provides turnkey solutions to its customers in wafer grinding, packaging and testing of integrated circuits, tape and reel, and dropship services.
* Mamee Double Decker (RM2.66, BUY) – Holding steady above uptrend channel.
* Unisem (RM2.30, SELL) – Uptrend is losing some pace.
_____________________________________________________________________
1. LBS Bina Group (RM0.72, SELL)
LBS Bina Group is a management and investment holding company. The company, through its subsidiaries, operates property development and investment.
______________________________________________________________________
2. Mamee Double Decker (RM2.66, BUY)
Mamee Double Decker is an investment holding company. Through its subsidiaries, the company manufactures and markets food, dairy products, and soft drinks. Mamee Double Decker also cultivates oil palm.
______________________________________________________________________
3. Unisem (RM2.30, SELL)
Unisem (M) manufactures semiconductor devices. The company provides turnkey solutions to its customers in wafer grinding, packaging and testing of integrated circuits, tape and reel, and dropship services.
Monday, January 18, 2010
Mamee surpassed its recent high of RM2.30
Mamee has just broken above its recent high of RM2.30. From Chart 1, we can see that Mamee surpassed its horizontal resistance of RM2.20-21 & then the recent high of RM2.30. As at 3.45pm, Mamee is trading at RM2.45.
Chart 1: Mamee's daily chart as at Jan 18, 2010 (Source: Tradesignum)
From the monthly chart (Chart 2) below, we can see Mamee broke above its long-term downtrend line (RR) at RM1.45 in August last year. With the breakout above the recent high of RM2.30, Mamee's next horizontal resistance will be at RM3.00. I feel that Mamee's uptrend from October 2008 until today fits quite nicely into 5 waves according to the Elliot Waves theory. The stock could be in the fifth wave, i.e. the final impulse wave before the uptrend reaches its peak (unless there are wave extensions). The fifth wave is a very tricky wave & often doesn't unravel perfectly. While it may overshoot, it may also drop suddenly & sharply.
Chart 2: Mamee's monthly chart as at Jan 18, 2010 (Source: Tradesignum)
If you have strong nerve, you can consider Mamee, especially if it pulls back to RM2.30. For more on Mamee, go to my earlier post. Mamee had completed a 4-for-5 Bonus Issue in November last year.
Chart 1: Mamee's daily chart as at Jan 18, 2010 (Source: Tradesignum)
From the monthly chart (Chart 2) below, we can see Mamee broke above its long-term downtrend line (RR) at RM1.45 in August last year. With the breakout above the recent high of RM2.30, Mamee's next horizontal resistance will be at RM3.00. I feel that Mamee's uptrend from October 2008 until today fits quite nicely into 5 waves according to the Elliot Waves theory. The stock could be in the fifth wave, i.e. the final impulse wave before the uptrend reaches its peak (unless there are wave extensions). The fifth wave is a very tricky wave & often doesn't unravel perfectly. While it may overshoot, it may also drop suddenly & sharply.
Chart 2: Mamee's monthly chart as at Jan 18, 2010 (Source: Tradesignum)
If you have strong nerve, you can consider Mamee, especially if it pulls back to RM2.30. For more on Mamee, go to my earlier post. Mamee had completed a 4-for-5 Bonus Issue in November last year.
Saturday, August 22, 2009
Mamee- a very attractive consumer stock
Mamee- a very attractive consumer stock: Background
Mamee-Double Decker (M) Bhd ('Mamee') is principally involved in the manufacture and marketing of fast moving consumer products, such as food, dairy products and soft drinks.
Recent Financial Results
Its recently announced results for 2Q2009 ended 30/6/2009 shows that Mamee can maintain its top-line & bottom-line in the difficult economic environment. Its net profit increased by 1.4% q-o-q or 185% y-o-y to RM10.7 million while turnover increased by 12.5% q-o-q or 4.3% y-o-y to RM103 million.
Table 1: Mamee's 8 quarterly results
Over 21 quarters, Mamee's turnover grew from RM69 million in QE30/6/2004 to RM103 million in the recently completed QE30/6/2009- a compounded annual growth rate of 9%. At the same time, its net profit grew from RM2.6 million to RM10.7 million- a compounded annual growth rate of 33%.
Chart 1: Mamee's 21 quarterly results
Valuation
Mamee (closed at RM2.50 yesterday) is now trading at a trailing PE of 5.4 times (based on last 4 quarters' EPS of 46 sen) or at Price to Book of only 1 time. At these multiples, Mamee is deemed very attractive. With its high growth rate, I believe Mamee could easily trade at a PE of 10 times; thus giving the stock a target of at least RM4.60.
Technical Outlook
Mamee is in a short-term uptrend, with support at RM2.30. Its immediate resistance is at RM2.60 and thereafter at RM2.75. See the daily & weekly charts below.
Chart 2: Mamee's daily chart as at Aug 20, 2009 (Source: Quickcharts)
Chart 3: Mamee's weekly chart as at Aug 20, 2009 (Source: Quickcharts)
Conclusion
Based on good financial performance; attractive valuation; and positive technical outlook, Mamee is a good stock for medium- & long-term investing.
Mamee-Double Decker (M) Bhd ('Mamee') is principally involved in the manufacture and marketing of fast moving consumer products, such as food, dairy products and soft drinks.
Recent Financial Results
Its recently announced results for 2Q2009 ended 30/6/2009 shows that Mamee can maintain its top-line & bottom-line in the difficult economic environment. Its net profit increased by 1.4% q-o-q or 185% y-o-y to RM10.7 million while turnover increased by 12.5% q-o-q or 4.3% y-o-y to RM103 million.
Table 1: Mamee's 8 quarterly results
Over 21 quarters, Mamee's turnover grew from RM69 million in QE30/6/2004 to RM103 million in the recently completed QE30/6/2009- a compounded annual growth rate of 9%. At the same time, its net profit grew from RM2.6 million to RM10.7 million- a compounded annual growth rate of 33%.
Chart 1: Mamee's 21 quarterly results
Valuation
Mamee (closed at RM2.50 yesterday) is now trading at a trailing PE of 5.4 times (based on last 4 quarters' EPS of 46 sen) or at Price to Book of only 1 time. At these multiples, Mamee is deemed very attractive. With its high growth rate, I believe Mamee could easily trade at a PE of 10 times; thus giving the stock a target of at least RM4.60.
Technical Outlook
Mamee is in a short-term uptrend, with support at RM2.30. Its immediate resistance is at RM2.60 and thereafter at RM2.75. See the daily & weekly charts below.
Chart 2: Mamee's daily chart as at Aug 20, 2009 (Source: Quickcharts)
Chart 3: Mamee's weekly chart as at Aug 20, 2009 (Source: Quickcharts)
Conclusion
Based on good financial performance; attractive valuation; and positive technical outlook, Mamee is a good stock for medium- & long-term investing.
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