【TNLOGIS 8397 交流专区】东南物流

icy97

东南物流越南设子公司

2017年3月10日
（吉隆坡9日讯）东南物流（TNLOGIS，8397，主板贸服股）宣布，在越南成立新子公司——越南东南物流（Tiong Nam Logistic Vietnam），借此扩展业务至越南。

该公司昨天向马交所报备，新子公司隶属于独资子公司东南物流解决方案私人有限公司，核心业务为物流业务。

新子公司不会对截至今年3月底的财年有任何贡献。【e南洋】

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF A SUBSIDIARY
The Board of Directors of Tiong Nam Logistics Holdings Berhad ("the Company or Tiong Nam") is pleased to announce that a new subsidiary in Vietnam has been incorporated on 1 March 2017 to be known as Tiong Nam Logistics Vietnam Company Limited ("TNLVN"). The purpose of this incorporation of subsidiary is to expand our logistics business to Vietnam. TNLVN is a wholly-owned subsidiary by Tiong Nam Logistics Solutions Sdn Bhd ("TNLS") where TNLS is a wholly-owned subsidiary by the Company and its intended principal activity is logistics business. The incorporation of this subsidiary would not have any effect on the issued and paid-up capital and substantial shareholders' shareholdings nor will it have any significant effect on the earnings per share, net assets per share and gearing of TNLHB group for the year ending 31 March 2017. This announcement is dated 8 March 2017.

icy97

仓库扩至700万平方尺．东南物流设东盟运输网

（吉隆坡8日讯）东南物流（TNLOGIS，8397，主板贸服组）物流与仓库业务回春，加上业务扩充动作不断，分析员看好跨境货运运输网和电子商务业务将成为新业务增长动能，前景已拨云见日。

东南物流日前举行分析员汇报会大方分享未来计划及解答2016财政年第三季财报疑虑，让各大证券行对其未来前景更感乐观。

受到仓库资产折旧成本走扬影响，东南物流2017财政年第三季核心净利表现不如预期，但丰隆研究认为，未来季度折旧成本将正常化至600万令吉水平。

MIDF研究说，2017财政年第三季集团核心物流和仓库业务订单减少，但管理层透露随着消费者信心改善，相关业务已逐渐好转。

该公司管理层相信在外贸持续增长及消费者情绪不断改善下，第四季和2018财政年的物流和仓库业务将交出更亮眼表现。

随着业务欣欣向荣，东南物流也持续落实扩充计划。肯纳格研究指出，东南物流现有490万平方尺仓库已几近饱和，集团放眼在2018财政年将仓库面积扩大至500万平方尺，但更多的扩充计划将在2019财政年陆续完成，以期在2020年扩大仓库面积40%，至700万平方尺。

同时，东南物流放眼成立涵盖大马－泰国－缅甸－寮国－越南和中国的货车运输网，丰隆研究认为，陆路运输比空运便宜3倍，运输时间也颇具效率，但相信需要至少一年的妊娠期才能带来显著营业额贡献。

此外，该公司也放眼从现有B2B货运业务模式转向B2C电子商务最后一厘运输业务，并积极与Zalora和11Street等电商接洽，MIDF对此不感意外，主要是集团在仓库和货运占有优势，有能力提供端对端的物流服务。

不过，东南物流产业发展业务料持续疲弱，肯纳格研究相信集团2018财政年产业发展盈利虽有望靠稳，但这绝大多数将贡献自1亿6730万令吉的未入账销售，其余产业项目认购率依旧低迷。

产托上市料延至2018年3月

值得一提的是，东南物流虽仍计划将旗下仓库包装成产业投资信托上市，达证券指出，首次公开售股（IPO）活动并不在今年规划表中，主要是仓库资产估值工作仍未完成，上市计划料延宕至2018年3月。

综合上述原因，各大证券行对东南物流前景略感正面，普遍维持财测、投资评级和目标价不变。



文章来源：
星洲日报‧财经‧报道：洪建文‧2017.03.08

icy97

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF A SUBSIDIARY
The Board of Directors of Tiong Nam Logistics Holdings Berhad ("the Company or Tiong Nam") is pleased to announce that a new subsidiary in China has been incorporated on 15 March 2017 to be known as Tiong Nam Logistics Solutions (Shenzhen) Company Limited ("TNLS(SZ)"). The purpose of this incorporation of subsidiary is to expand our logistics business to China . TNLS(SZ) is a wholly-owned subsidiary by Tiong Nam Logistics Solutions Sdn Bhd ("TNLS") where TNLS is a wholly-owned subsidiary of the Company and its intended principal activity is logistics business. The incorporation of this subsidiary would not have any effect on the issued and paid-up capital and substantial shareholders' shareholdings nor will it have any significant effect on the earnings per share, net assets per share and gearing of TNLHB group for the year ending 31 March 2017. This announcement is dated 20 March 2017.

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	DISPOSAL OF 100,000 ORDINARY SHARES OF SGD1.00 EACH FULLY PAID IN BECHTRANS INTERNATIONAL (SINGAPORE) PTE LTD (BIPL) BY TIONG NAM LOGISTICS HOLDINGS BERHAD (TNLHB)
The Board of Directors is pleased to announce that  TNLHB has on 7 April 2017 disposed 100,000 ordinary shares of SGD1.00 each fully paid or equivalent to 26% of the total issued and paid-up capital in BIPL. BIPL is a 26% owned associate of TNLHB. BIPL is a limited company which is incorporated in Singapore. The address of its registered office is 80 South Bridge Road #06-01 Golden Castle Building Singapore 058710. The principal activities of BIPL are to carry on the business of forwarding and transport through freighters and general carriers by sea, land and air. The 100,000 shares was disposed for a cash sale consideration of SGD100,000-00 or SGD1.00 per ordinary share of SGD1.00 each fully paid to the following parties: Potesh Pty Ltd                                29,000 Parakh Investments Pty Ltd           71,000 Potesh Pty Ltd (“Potesh”) is a proprietary company incorporated in Australia on 09 August 2002 and its principal activities are investment companies investing in business, capital or services. Authorised share capital of Potesh is AUD 2.00, 2 ordinary shares of AUD 1.00 each which wholly-owned by Bee Wee Goh. Its registered address is 6 Sunnyside Avenue, NUNAWADING VIC 3131. Directors of Potesh are Bee Wee Goh and Mooi Nyong Chang. Parakh Investments Pty Ltd (“Parakh”) is a proprietary company incorporated in Australia on 19 July 1991 and its principal activities are investment companies investing in business, capital or services. Authorised share capital of Parakh is AUD 12.00, 12 ordinary shares of AUD 1.00 each which 6 ordinary shares owned by Carmel Joan Mary Parakh and 6 ordinary shares owned by Frederick James Parakh. Its registered address is 17 Business Park Drive, RAVENHALL VIC 3023. Directors of Parakh are Frederick James Parakh and Carmel Joan Mary Parakh. The cash sale consideration is arrived at based on willing seller willing buyer basis and after take into consideration future prospects of BIPL. Audited net loss after tax of BIPL for the year ended 30 September 2016 is SGD 31,721.00.   TNLHB shall record an estimated profit of RM 48,510.00 from the said disposal based on current exchange rate of SGD1.00 to RM3.1651. The original cost of investment in BIPL is SGD 100,000.00. The sale would not have any effect on the issued and paid-up capital of TNLHB. It will not have any material effect on the net tangible assets of the company or material effects on the earnings of the company for the financial year ending 31 March 2018. Non of the directors or substantial shareholders or persons connected have any interest, direct or indirect on the above disposal. The Board has considered the rationale and it is in the best interest of the Group in relation to the said disposal. This announcement is dated 10 April 2017.

icy97

东南物流缅甸设公司

（吉隆坡28日讯）东南物流（TNLOGIS,8397,主板贸服组）已获缅甸当局批准，以在缅甸设立缅甸物流有限公司（TNLMN）。

该公司文告说，在缅设立的上述公司是其独资子公司，主要活动是物流业务。

文章来源：
星洲日报／财经‧2017.04.28

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF A SUBSIDIARY
The Board of Directors of Tiong Nam Logistics Holdings Berhad ("the Company or Tiong Nam") is pleased to announce that we have received approval for incorporation of a new subsidiary in Myanmar on 26 April 2017 to be known as Tiong Nam Logistics Myanmar Company Limited ("TNLMN"). The purpose of this incorporation of subsidiary is to expand our logistics business to Myanmar . TNLMN is a wholly-owned subsidiary by Tiong Nam Logistics Solutions Sdn Bhd ("TNLS") where TNLS is a wholly-owned subsidiary by the Company and its intended principal activity is logistics business. The incorporation of this subsidiary would not have any effect on the issued and paid-up capital and substantial shareholders' shareholdings nor will it have any significant effect on the earnings per share, net assets per share and gearing of TNLHB group for the year ending 31 March 2018. This announcement is dated 27 April 2017.

哭哭鸟

Tnlogis 8397 东南物流。估值如何？
Author: reason4invest   |    Publish date: Fri, 5 May 2017, 03:14 PM
http://klse.i3investor.com/blogs/reason4invest/122232.jsp

a.公司业务：
1。物流与库存
2。产业发展
3。物流相关起重设备
4。冷冻仓库


b. 季度业绩
Q4看起来近几年都是会比较强劲的。2017Q4又如何呢？


c.未来前景动能


http://www.thestar.com.my/business/business-news/2017/03/09/tiong-nams-growth-strategy/
这篇是3月9日The Star的报道。
重点如下1。跨边境物流与电子商务将会是带动东南物流的下一个动力。
2。跨边境物流将会在2017年4月中开始linkage initiative，但是需要一年的时间才能看到明显的营业额贡献
3。对比海运，跨边境物流更快速。
4。公司已在开始测试，预期将在2018Q1开始运作。
5。公司将在深圳，河内，仰光和寮国设立分销站预计在2018财政年度成立。公司将用这个电子商务的热潮涉及“last mile deliver"的业务。

d.估值比较
如能成功涉及last mile delivery的业务，同行将会是Gdex，而Gdex的PE=106.25，也已经飞高走远。
对比物流通航 PE， 现Tnlogis = 9.68 (Market Cap = 777m, share no=439m)
Tasco，PE=15 (Market Cap = 474m, share no=200m)
Century，PE=24.30 (Market Cap = 490m, share no=392m)
Ancom，PE=21.70 (Market Cap = 175m, share no=219m)
Freight，PE=12.89 (Market Cap = 264m, share no=186m)
票数最接近的Century的PE也在24.30
Tnlogis估值PE=9.68明显低了。

e. 图表走势时间表
20/Mar：马云效应股价放量拉升。
22-23/Mar：调整回跌
24/Mar：配合基本面的，加上估值偏低，我们于1.68-1.69买入。
July‘16-4/April‘17 = 股价自从2016年7月涨到1.50位置后就在1.50-1.70之间的天花板与地板震荡了9个月之久。
4/Apr：股价价量配合突破前阻力1.76。Resistance turn support at 1.76
现阶段股价还是站稳在1.75以上，我们相信东南物流还能走得更远！

哭哭鸟

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2017	31 Mar 2016	31 Mar 2017	31 Mar 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	163,949	126,101	575,636	568,475
2	Profit/(loss) before tax	44,659	42,272	100,621	105,769
3	Profit/(loss) for the period	38,858	37,247	83,473	82,845
4	Profit/(loss) attributable to ordinary equity holders of the parent	38,357	36,551	82,105	77,080
5	Basic earnings/(loss) per share (Subunit)	9.33	8.78	19.70	18.48
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.5800		1.4400

icy97

Type	Announcement
Subject	OTHERS
Description	Proposed final cash dividend of 2.0 sen per ordinary shares and share dividend of 1 treasury share for every 50 existing ordinary shares
The Board of Directors of Tiong Nam Logistics Holdings Berhad is proposing for the shareholders’ approval at the forthcoming Annual General Meeting a final cash dividend of 2.0 sen per ordinary share and a share dividend distribution of approximately 8.59 million treasury shares on the basis of 1 treasury share for every 50 existing ordinary shares.  Based on the treasury shares book cost, the share dividend is equivalent to 2.84 sen per share. Pursuant to Section 8.26 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the final dividend, if approved, will be paid no later than three (3) months from the date of shareholders' approval. The proposed total final cash and share dividend will be 4.84 sen.  The details of the entitlement date for the share dividend and the book closure date and payment date of the cash dividend will be announced later. This announcement is dated 29 May 2017.

哭哭鸟

icy97

仓库分拆提振购兴．东南物流表现持稳

（吉隆坡30日讯）东南物流（TNLOGIS，8397，主板贸服组）最新业绩表现符合预期，物流业务好表现料持续，而仓库业务分拆则提振市场情绪。

达证券表示，该公司2017年第四季的核心净利上扬22.1%，主要是受到其Pinetree Residence产业项目入账销售带动。

达证券也指出，该公司即将在2018年将其仓库业务分拆成产托，会为该公司带来更多正面效益。

该行补充，该公司跨国物流业务将带动仓库和物流领域成长。另外，该公司位于寮国仓库预测在2018年之前完成。

至于产业业务部份，达证券推测，该公司或许会在2018年推出新产业业务，以填补其未入账销售，截至3月未入账为1亿3200万令吉。

综合以上，达证券给予该公司“买进”评级，目标价为1令吉95仙。



文章来源：
星洲日报‧财经‧2017.05.31



产托展延上市•进军快递‧东南物流长期仍亮眼

（吉隆坡2日讯）东南物流（TNLOGIS,8397,主板贸服组）放眼2018财政年物流业务营收增长10%，加上产业部门将有更多销售入账，分析员认为，尽管该集团产托（REIT）上市计划延迟，但随着近期进军快递领域，物流部门长期成长前景仍亮丽。

物流业务营收放眼明年增10%

达证券表示，根据东南物流在分析员汇报会上透露，在2018财政年，该集团将于寮国、关丹和居林新建3个仓库，仓储量将增加10%。

整体而言，管理层预期物流和仓库业务营收将在2018财年增长10%。

该集团在2017财年第四季租用7个新仓库，令仓库总数增至84个，仓储空间增加8.8%。2017财年该业务营收为成长2.6%。

管理层也透露，仍有意将旗下仓库以产托方式上市，正在落实上市大计和委任产托管理人。

在电子商务方面，东南物流在2017年5月初推出名为I n s t a n t的快递服务，放眼在2018财年取得1000万令吉营收，以及在4年内营收升至5000万令吉。

目前该集团每天运送300个包裹，预计在2019年增至3000个，主要针对中国淘宝在大马的网购送货。

丰隆研究表示，在跨境区域业务方面，该集团已在越南、中国和缅甸设立销售和分销中心，并将于2017年在寮国设立驻点，管理层预期在2018财年取得700万令吉营收，丰隆则认为此业务须多年才能壮大规模。

在产业领域方面，东南物流2018年将认列1亿1330万令吉的柔佛Pinetree Residence项目的销售。由于柔州房产市场疲软，该集团短期只推出一项产业哥打马西，发展总值1亿5000万令吉。

今年料不再推新盘

丰隆表示，虽然该集团拥有价值3亿2040万令吉的地库，但今年预料不会再推新盘。

达证券将东南物流2018-19年财测上调5.7%和7.3%，因新库仓带来更高贡献，以及2018-19年产业销售预测降低至1亿3300万令吉和1亿零100万令吉（之前为预测1亿5000万令吉和1亿3000万令吉）。

艾芬黄氏研究指出，虽然东南物流2017财年核心盈利因物流需求降低和产业销售疲软而走低，但随着扩大仓库规模和产业部门的赚幅升高，2018财年应可表现更强劲。

文章来源：
星洲日报／财经·文：李勇坚·2017.06.02

Tony-Pua

货仓产能扩张．东南物流盈利看涨
http://www.sinchew.com.my/node/1659278/

（吉隆坡5日讯）分析员看好东南物流（TNLOGIS,8397,主板贸服组）2018财政年盈利表现将更为强劲，特别是其货仓产能扩张、旗下产业领域较高赚幅利好支持。

艾芬黄氏研究指出，东南物流在新兴市场设立新销售办事处，包括中国、越南、寮国、缅甸及泰国。预料在2017财政年杪的货仓产能增加10.4%。

该行看好东南物流扩张至跨国界服务及包裹-递送领域，从而加强其物流供应链的优势。该行对该公司保持“买进”评级，未来12个月的目标价为1令吉90仙。



文章来源：
星洲日报／财经‧2017.07.06

Tony-Pua

TIONG NAM LOGISTICS HOLDINGS BERHAD

EX-date	29 Aug 2017
Entitlement date	04 Sep 2017
Entitlement time	05:00 PM
Entitlement subject	Final Dividend
Entitlement description	PROPOSED FINAL CASH DIVIDEND OF 2.0 SEN PER ORDINARY SHARE
Period of interest payment	to
Financial Year End	31 Mar 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurTel:0327839299Fax:0327839222
Payment date	25 Sep 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	04 Sep 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.02

Tony-Pua

EX-date	29 Aug 2017
Entitlement date	05 Sep 2017
Entitlement time	05:00 PM
Entitlement subject	Final Dividend
Entitlement description	PROPOSED FINAL CASH DIVIDEND OF 2.0 SEN PER ORDINARY SHARE
Period of interest payment	to
Financial Year End	31 Mar 2017
Share transfer book & register of members will be	to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	TRICOR INVESTOR & ISSUING HOUSE SERVICES SDN BHDUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200Kuala LumpurTel:0327839299Fax:0327839222
Payment date	25 Sep 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	05 Sep 2017
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.02

icy97

东南物流首季净利猛挫95% 2018财年拨1亿资本开销
Tan Xue Ying/theedgemarkets.com
August 28, 2017 21:01 pm MYT

（吉隆坡28日讯）首季净利按年猛挫94.9%的东南物流（Tiong Nam Logistics Holdings Bhd），将在截至2018年3月31日止的财政年（2018财年）拨出1亿令吉充作资本开销。

东南物流董事经理王泳越在今日的一则文告中表示，这笔资本开销将用于购买新车，以扩充运输车队，再依据日益增长的需求兴建新仓库，并加强新建立的东南亚至中国的跨境物流网络。

“我们的努力正正是因为区域贸易日益增加，物流服务的需求或增长，外加电子商务（e-commerce）正迅速发展。”

这家物流和仓储供应商估计，其仓库容量将在2018财年年杪前扩增70万平方尺，至590万平方尺。截至2017年底，该集团的仓库容量为530万平方尺。

“瞻望未来，我们相信，我们已扩大的基础设施和服务范围将为企业提供更大的区域覆盖范围，并为全球市场带来竞争优势和敏捷性。”

东南物流2016和2017财年一共斥资2亿8680万令吉，该集团当时更藉此扩大其在越南、缅甸和中国的业务。

截至2017年6月30日止的财年首季（2018财年首季），该集团的净利从2017财年同季的1344万令吉，暴跌至68万3000令吉，归咎于该公司股票的合理价值损失合共880万令吉。

每股盈利也从2017财年首季的3.23仙，大幅萎缩至2018财年首季的0.16仙。

首季营业额按年增长7.5%至1亿4091万令吉，同期报1亿3109万令吉，主要来自物流和仓储服务业务的营收贡献，年增12.9%至1亿2200万令吉。

此外，东南物流表示，今年全球和区域经济环境估计将继续对物流和仓储服务的核心业务带来挑战。

“本集团将继续物色新业务商机，并专注于提高营运效率及控管成本的有效性，以更好地应对市场竞争。

“产业发展业务估计在2018财年为集团带来正面贡献，本集团依然期盼此业务再为集团带来多一年的盈利进账。”

与此同时，东南物流位于寮国的新销售办事处和占地3万2000平方尺的仓库建设工作已完成15%，有望在2018财年底完工。

（编译：倪嫣鴽）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2017	30 Jun 2016	30 Jun 2017	30 Jun 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	140,909	131,090	140,909	131,090
2	Profit/(loss) before tax	3,780	17,625	3,780	17,625
3	Profit/(loss) for the period	1,143	13,829	1,143	13,829
4	Profit/(loss) attributable to ordinary equity holders of the parent	683	13,443	683	13,443
5	Basic earnings/(loss) per share (Subunit)	0.16	3.23	0.16	3.23
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.5500		1.5700

icy97

icy97 发表于 1-11-2016 05:29 AM
东南物流与ENCORP
合作发展甲州百亩地

2016年11月1日
（吉隆坡31日讯）东南物流（TNLOGIS，8397，主板贸服股）独资子公司东南产业私人有限公司与Encorp Bukit Katil私人有限公司（EBKSB）签署一项了解备忘录， ...

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	TIONG NAM LOGISTICS HOLDINGS BERHAD ("THE COMPANY")- EXPIRY OF MEMORANDUM OF UNDERSTANDING ("MOU") BETWEEN TIONG NAM PROPERTIES SDN BHD ("TNPSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY AND ENCORP BUKIT KATIL SDN BHD ("EBKSB")
Reference is made to the announcement made on 31 October 2016 (“Announcement”), 21 April 2017 and 31 July 2017. For consistency, the abbreviations and definitions used throughout this announcement are the same as those previously defined in the Announcement. The Company wishes to announce that there is no conclusion on the negotiations between the parties as at the expiry date of the MOU. In view thereof, the MOU expires and lapses on 30 August 2017 ("MOU expiry"). Upon the MOU expiry, neither party shall have any claim against the other, save and except for any antecedent claim. The MOU expiry will not have any material financial impact on the Company. This announcement is dated 5 September 2017.

icy97

扩展需时获利．产业销售低迷．东南物流全年盈利迎逆风

（吉隆坡7日讯）东南物流（TNLOGIS,8397,主板贸服组）扩展计划预料将继续压低盈利，加上产业销售低迷，分析员预期现财政年下半年盈利才可回弹，全年盈利仍遇逆风。

MIDF研究说，东南物流刚公布的截至6月杪首季净利按年跌58%，主要是扩充物流与仓储设施，这些新设施通常需3至9个月孕育期才有盈利。

两年财测调低

MIDF将现财政年物流与仓储之营运赚益预测由12%调低至9%，2016与2017财政年平均14%，同时也调低产业发展财测（未进账销售由1亿6700万减至1亿1900万令吉），下修今后两个财政年财测26%与17%。

肯纳格研究认为，物流业务因扩展而看淡，产业发展计划订购率平均只有60%，无法透过产业抵销物流颓势，因而调低今后两财政年财测26%与11%。

东南物流目前开启服务中国电商，功能是整合包裹，另外也跨境往返泰国服务电子业客户。其最后一路的递送每日为一直销公司与中国电商平台处理500件包裹。公司正为冷冻物流服务寻求清真产品业务，然而上述新业务并未纳入贡献。

尽管MIDF喜好其作为物流与仓储市场领导者之地位，惟因投入扩展新业务与设施，短至中期盈利受压；评级由“买进”调低，目标价由2令吉零8仙下修。

从1月至6月，东南物流积极扩展仓储空间13%，增加61万8000平方英尺至550万平方英尺，MIDF预测这个财政年资本开销1亿令吉。

达证券说，新增7个仓储新设施目前的使用率达70%，相比首季50%，至于电商业务首季面临亏损，预期在河内与深圳租货仓后，亏损可能扩大，频繁的跨境营收和产业业务下半年可稍抵销颓势。

丰隆研究基于上述扩展计划需时才获盈利，预测近期盈利仍遇逆风，并形容这是此财政年的巩固期。同时基于仓储产托上市计划展延至下个财政年，目标价由原本把产托纳入计算，而调低20%至1令吉60仙。



文章来源：
星洲日报／财经 ‧ 报道：张启华 ‧ 2017.09.08

icy97

Type	Announcement
Subject	OTHERS
Description	ACQUISITION OF 2 ORDINARY SHARES IN CASH OR EQUIVALENT TO 100% OF THE TOTAL NUMBER OF ISSUED SHARES OF BAGUS CEKAL SDN BHD
The Board of Directors is pleased to announce that Tiong Nam Logistics Holdings Berhad has on 10 October 2017 acquired 2 ordinary shares in cash or equivalent to 100% of the total number of issued shares of Bagus Cekal Sdn Bhd. The additional information are set out in the attachment below This announcement is dated 13 October 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5571825

Attachments New Subsidiary Bagus Cekal Sdn Bhd @10.10.2017.pdf

Tony-Pua

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2017

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2017	30 Sep 2016	30 Sep 2017	30 Sep 2016
		$$'000	$$'000	$$'000	$$'000

1	Revenue	173,440	141,321	314,350	272,411
2	Profit/(loss) before tax	20,123	16,610	23,904	34,235
3	Profit/(loss) for the period	14,635	13,345	15,779	27,174
4	Profit/(loss) attributable to ordinary equity holders of the parent	13,041	13,050	13,725	26,493
5	Basic earnings/(loss) per share (Subunit)	3.00	3.13	3.29	6.36
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.5800		1.5700

Tony-Pua

东南通运第三季净利挫43%
2018年2月27日
http://www.enanyang.my/news/20180227/东南通运第三季净利挫43/

（吉隆坡26日讯）由于物流和仓库服务的收入减少，让东南通运（TNLOGIS，8397，主板贸服股）在截至去年12月杪的2018财年第三季，净利按年大幅锐减43%。

东南通运在今天向交易所报备，净利从2017财年同期的1725万6000令吉或每股4.2仙，减少至今年的983万4000令吉或每股2.27仙。

营业额则从去年的1亿3927万7000令吉，提高24.1%至1亿7278万3000令吉，归功于物流与仓库服务，以及产业发展营业额提高。

在旗下业务中，物流与仓库服务业务营业额达1亿3162万7000令吉，比去年同期高13.4%；却得税前亏损1万1000令吉，劣于去年同期的收益547万1000令吉。

物流仓储将收支平衡

第二大业务产业发展，营业额按年剧增77.8%，至4111万8000令吉，税前盈利年减2.1%至1660万6000令吉。

首9个月，净利年跌46.2%，至2355万9000令吉或每股5.65仙，营业额报4亿8713万2000令吉，年升18.3%。

东南通运董事经理王泳越在今天文告称，旗下物流和仓库服务业务有望在今年获收支平衡，归功于国内经济增长，以及公司获得更多来自区域和电子商务领域的客户。

8397    TNLOGIS    TIONG NAM LOGISTICS HOLDINGS

Quarterly rpt on consolidated results for the financial period ended 31/12/2017

Quarter: 3rd Quarter Financial Year End: 31/03/2018 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/12/2017 31/12/2016 31/12/2017 31/12/2016 RM '000 RM '000 RM '000 RM '000 1 Revenue 172,783 139,277 487,132 411,688 2 Profit/Loss Before Tax 15,577 21,728 39,481 55,963 3 Profit/(loss) attributable to ordinary equity holders of the parent 9,834 17,256 23,559 43,748 4 Net Profit/Loss For The Period 10,212 17,442 25,991 44,615 5 Basic Earnings/Loss Per Shares (sen) 2.27 4.20 5.65 10.50 6 Dividend Per Share (sen) 0.00 0.00 0.00 0.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 1.6100 1.5700

icy97

Type	Announcement
Subject	OTHERS
Description	ACQUISITION OF 2 ORDINARY SHARES IN CASH OR EQUIVALENT TO 100% OF THE TOTAL NUMBER OF ISSUED SHARES OF YAKIN KALIBER SDN BHD
The Board of Directors is pleased to announce that Tiong Nam Logistics Holdings Berhad has on 07 March 2018 acquired 2 ordinary shares in cash or equivalent to 100% of the total number of issued shares of Yakin Kaliber Sdn Bhd. The additional information are set out in the attachment below. This announcement is dated 08 March 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5717341

Attachments New Subsidiary Yakin Kaliber Sdn Bhd.pdf