- net profit doubling to RM60.85 million in its first quarter ended Oct 31, 2015 (1QFY16) from the previous year
- Scientex has reduced its US-dollar-denominated loans and adopted a new hedging position.
- Judging by its first-quarter result, and with the absence of tax adjustment, the group’s full-year performance would be encouraging
- driven by higher packaging product manufacturing revenue and property development income.
- We are benefiting from the strengthening of the US dollar and low oil prices, as more than 70% of our business comes from exports
- To maintain growth, the packaging manufacturer and property developer is still actively looking to acquiring new packaging assets and land banks.
- “Having said that, new expansions will have to wait until the second half of next year. Our focus in the first half is to execute the plans we put in place in FY15,” Lim said. As such, Scientex is not talking to any packaging party yet.
- Scientex can maintain its current growth, 30% of the group’s net profit will be allocated for dividends, with the remainder for business expansion.
- will see better results and operating cash flow
- Three new packaging plants will start operations by the middle of next year. Our current capacity is about 5,000 tonnes per month, which should rise to 12,000 tonnes
- Thirty per cent of the group’s new plant capacity is for the Japanese market. Japan and Southeast Asia will remain our focus in terms of consumer packaging
- On property development, the total gross development value of the group’s projects in hand is RM1.3 billion.
- build affordable homes priced below RM500,000 and landed properties, which have not been affected by the economic downturn.
包裝業務看好，新廠房擴充生產線，只不過需求量不知道是否趕得上。