Saturday, 31 August 2013

SCGM - Thermo-vacuum plastic packaging maker

leveraging on technology automation as well as entering new markets to bring the company to the next level of growth

The Johor-based company's MD Datuk Seri Lee Hock Seng is confident SCGM will grow exponentially with its focus on continuous expansion and investment to upgrade its assets and resources.

Looking to penetrate the New Zealand market. Also aim to export products to some East European countries and North Africa in the future. Pakistan and Cambodia also offer good opportunities.

Plan to increase its exports to India in November as well as to Myanmar, China, Hong Kong, US, Australia, Indonesia, Middle East and Portugal.

40% of the company's products are exported

The company has allocated RM3m-RM4m to acquire machinery to produce dual-coloured plastic packaging in a single production line,a first in the country.

Currently, the company's production lines consist of 33 automatic forming machines, 22 hydraulic die-cut machines and 6 extrusion machines.

As the use of plastic packaging for the food and beverages and healthcare industries grows, SCGM expects to become one of the largest suppliers of thermo-vacuum plastic packaging in Asia. According to industry research, the global packaging industry will experience substantial growth with total revenue to hit US$530b next year. This represents an increase of 24% over 2009 with plastic packaging being the largest segment of growth.

The Australian market also looks interesting for this sector. In mid-2012, Australia's Amcor Ltd, the world's largest packaging company, merged with Aperio Group, its Australian competitor, causing price distortions in the plastic packaging market. This has resulted in major F&B players in Australia seeking alternative plastic packaging suppliers with lower prices, This development could benefit SCGM and other players such as Daibochi Plastic and Packaging Industry Bhd and Tomypak Holdings Bhd.

Currently, 75% of the company's revenue is derived from the F&B industry while the remaining 25% is split into 15% from the medical and 10% from the electronic sector.

The company also has 5 extrusion lines to produce high-quality raw materials, including sheets and films for food and produce packaging, folding boxes, sealed trays and containers. Being able to manufacture its own raw materials enables the company to have more control over costs.

SCGM's clients include Munchy Food Industries Sdn Bhd, Hup Seng Perusahaan Makanan (M) Sdn Bhd, Hwa Tai Industries Bhd, Mondelez Malaysia Sdn Bhd (formerly known as Kraft Malaysia Sdn Bhd) and Gardenia Bakeries (KL) Sdn Bhd.

The clients are major manufacturers of consumer products and F&B in Malaysia and those companies have placed orders with SCGM for more than 2 decades.

The company has 49 designs registered with the Intellectual Property Office of Singapore and 58 designs registered with the Intellectual Property Corporation of Malaysia.

The rise and rise of SCGM 

A shrewd businessman with a hands-on approach, Datuk Seri Lee Hock Seng set up SCGM Bhd with his 3 younger brothers in Kulai, Johor in 1984.

His company started producing food packaging in a shophouse with just 2 machines. Over the years, the company expanded to another 2 shophouses before it bought over a new Kulai factory measuring 3.64ha in 1992.

Since the, the company has moved on to supplying plastic packages to major food and beverage players in Malaysia and overseas.

SCGM was listed on Bursa Malaysia in 2008 at 78sen.

The quality of the company's products has enabled it to win the Enterprise 50 Awards; it is the sole company to have won the award for 9 consecutive years from 2001.

Monday, 26 August 2013

买激成送依区地皮?

激成(KSENG,3476,主板工业产品股)今年派特别股息96仙吗?激成在新山8000多英亩园丘有产业价值吗?

为了获知真相,笔者于六月底出席公司的股东大会。

激成股东大会会议摘要

特别股息柳暗花明又一村
(一)公司审计证实激成拥有大约3亿2000万令吉未分配盈利,能以扣税股息方式派发,但必须在年底前完成。
(二)董事经理表示,公司无意派发特别股息,因需要庞大现金作投资。
(三)股东不满,批评董事部的内容如下:
(1)既然公司需要钱作投资,董事部不该多领150万董事费。
(2)公司最近几年只把数亿令吉现金存入银行赚取低微利息,根本没有什么大投资计划。
(3)公司大股东为大富豪,不稀罕股息,但大部份股东属中等收入人士,董事部应体恤小股东,派特别股息,让小股东向所得税局追回25%退税。
(4)公司即使派发每股1令吉特别股息,只用掉2亿7000万令吉,但淨现金高达7亿9900万令吉,即还有5亿2900万令吉供投资之用,何况另有5亿400万令吉股票可随时套现。
所以,董事部根本无拒绝派特别股息的理由。
(四)最后,董事经理表示,明白小股东们的请求,但董事部须开会讨论才作出决定。

尽管如此,激成仍然有可能来一两个月捎来令人惊喜的消息。

园丘地依区最大地主
董事经理斩钉截铁地说,公司位于新山UluTiram以东10公里,Tanjung Langsat工业区以北的8000多英亩园丘,具有产业发展潜能。

但现今无意发展,5年后再考虑,因已有上千英亩地皮供产业发展之用。

如果把激成的1326英亩产业发展地皮和8167英亩有发展潜能的园丘地加起来,激成那9493英亩土地,就超越UEM阳光(UEMS),而成为依斯干达最大的地主。

其实,激成派特别股息,当然是股东们天大的喜讯,但落空的话,也无须太失望,因公司最有价值的并非特别股息,而是其霸级资产,尤其是9000多英亩依斯干达地皮,都是1980年留下的“阿爷地”,价值连城。

总结
股价极度低估

有人花数千元收藏一枚钱币,也有人用数万元投资古董,只因为他们相言其价值。

激成的淨有形资产是每股20.16令吉。

这是根据房地产行情、股票行情的公认标准计算而得。

新加坡籍管理层诚实可靠,所以激成的资产负债表是千真万确的,但股价只有5.20令吉,也许信者不多吧。

今日大马已进入“土地为王”时代,拥有土地的个人与企业越来越富裕,依斯干达经济区将是大马的“深圳”,房地产价如日冲天。

各位想到此地买地做地主,即使是新山地不佬或Pletong区,地价也喊到一英亩80万令吉以上。

3.8万股拥1英亩地

各位不用望地兴叹,若你相信买股票拥有地皮的话,请看下文。

你买1000股激成,就拥有0.02635英亩依斯干达土地;或买3万8000股,就拥有一英亩土地。

各位,看看激成的金库表,单是资产(1)至(7)已值得每股5.47令吉。

现在你以股价低至5.47令吉的价格买入,就是说资产(8)至(11)包括依斯干达土地都是免费赠送。

由此算起,买激成股票送依斯干达地皮非梦也,你相信吗?



Sunday, 25 August 2013

Water usage

Penang: 302 litres/ person/ day,
National average: 210 litres/ person/ day
United Nations recommendation: 50-100 litres/person /day

How to estimate water usage/ person/ day
1. Get the volume of water (m3) used from your month water bill
2. Multiply the volume (m3) by 1,000 to convert the volume into litre
3. Divide the volume (litre) by 30 days, then further divide by the number of people in your house to obtain water usage/ person/ day

Eg.
1. My house uses about 13m3 per month
2. Volume in litre = 13 x 1,000 = 13,000 litres
3. 4 people in my house. Water usage/ person/ day = (13,000/ 30 )/4 = 108 litre/ person/ day

Be environmentally friendly


Friday, 23 August 2013

RRIM

RRI land was purchased in 2012 by EPF subsidiary Kwasa Land Sdn Bhd for RM2.28b

726ha (with both freehold and leasehold status)

Kwasa Damansara will be developed over 15 years, beginning 2013. Development will commence at the Northern side to support ongoing development of the MRT line.

The master layout entails a mix of residential, commercial, recreational, institutional and educational facilities creating a new population of 150,000 to 200,000.

Kwasa Damansara will contain two MRT stations, the Kota Damansara and Taman Industry Sungai Buloh stations, complemented by bus and taxi networks, and existing roads systems as well as the upcoming Damansara-Shah Alam (DASH) highway.

Wednesday, 21 August 2013

HUAYANG - Typical breakdown of house price

BFM interview with Hua Yang CEO, Ho Wen Yan 
22 Aug 2013

Typical breakdown of house price

10-20% land cost
40-50% construction cost
25-30% gross profit