【DLADY 3026 交流专区】子母牌

icy97

Date of change	01/01/2015
Name	Rahul John Colaco
Age	41
Nationality	Indian
Designation	Managing Director
Directorate	Executive
Type of change	Resignation
Reason	Mr. Rahul John Colaco has been appointed by Royal FrieslandCampina N.V ("RFC"), the ultimate holding company of the Company, as the Managing Director of FrieslandCampina WAMCO Nigeria with effect from 1 January 2015, and he will be based in Nigeria.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of the shareholders	No
Qualifications	Bachelors in Commerce from Mumbai University, India MBA from International Institute for Management Development, Lausanne, Switzerland
Working experience and occupation	He started his career in 1997 in a Fast Moving Consumer Goods ("FMCG") company in India and since then, he has held various managerial positions in marketing, sales and purchasing in cmpanies across Asia and Europe. He joined the Company as Marketing Director in year 2010. Prior to this, he was the Marketing Operations Director - Foods Central and EasternEurope for Unilever in the Netherlands. He was appointed as Managing Director and a member of the Board in 1 April 2012.

icy97

子母牌牛奶 第3季淨利跌至2855萬

企業財經25 Nov 2014 23:06
（吉隆坡25日訊）受乳製品原料價格提高壓縮賺幅影響，子母牌牛奶（DLADY，3026，主要板消費）截至9月底第3季，淨利從4227萬令吉按年下挫32.5%至2855萬令吉。

同期，營業額減少8.8%至2億4049萬令吉，市場環境競爭及消費者信心減緩，是導致業績下滑主因。

受令吉匯率下滑和奶製品原料價格攀升影響，子母牌牛奶首9個月淨利亦按年跌28%，從1億586萬令吉降低至7589萬令吉；每股累積股息從1.30令吉減少至1.10令吉。

由于推出新產品和上調產品價格，首9個月的營業額微增2.3%至7億3640萬令吉，去年同期為7億1973萬令吉。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30/09/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/09/2014	30/09/2013	30/09/2014	30/09/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	240,491	263,759	736,402	719,733
2	Profit/(loss) before tax	38,580	57,084	102,552	143,062
3	Profit/(loss) for the period	28,549	42,268	75,889	105,864
4	Profit/(loss) attributable to ordinary equity holders of the parent	28,549	42,268	75,889	105,864
5	Basic earnings/(loss) per share (Subunit)	44.60	66.05	118.60	165.40
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	110.00	130.00
		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 ($$)	3.0200		2.9400

icy97

EX-date	10/12/2014
Entitlement date	12/12/2014
Entitlement time	05:00:00 PM
Entitlement subject	Interim Dividend
Entitlement description	A Single-tier Standard Interim Dividend of RM0.50 per ordinary share of RM1.00 each and a Single-tier Special Interim Dividend of RM0.60 per ordinary share of RM1.00 each for the financial year ending 31 December 2014.
Period of interest payment	to
Financial Year End	31/12/2014
Share transfer book & register of members will be	12/12/2014 to 12/12/2014 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Symphony Share Registrars Sdn Bhd Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Tel No. 03-7841 8000
Payment date	26/12/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	12/12/2014
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	1.1

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS
Description	Dutch Lady Milk Industries Berhad ("DLMI" or "the Company") - Recurrent Related Party Transaction - Announcement Pursuant to Paragraph 10.09(2)(e) of the Bursa Malaysia Securities Berhad Listing Requirements
1. Introduction The Board of Directors of DUTCH LADY MILK INDUSTRIES BERHAD wishes to announce that the Company has, as at 30 January 2015, exceeded more than 10% of its approved Shareholders’ Mandate for the Recurrent Related Party Transactions with FrieslandCampina AMEA Pte Ltd (the “Related Party” or “FC AMEA”) for the purchase of finished products from the Company (the “Related Party Transaction”). The estimated value of the Related Party Transaction as set out in the Shareholders’ Mandate for the Recurrent Related Party Transactions dated 25 April 2014 (the “2014/15 RRPT Circular”) is RM60,000,000.00 (the “Estimated Value”). 2. Related Party FrieslandCampina AMEA Pte Ltd whose registered office is at 3 Temasek Avenue, #11-01 Centennial Tower, Singapore 039190] is an affiliate of the Company. An affiliate means and includes Royal FrieslandCampina N.V. (“RFC”) and any entity (other than the Company) which RFC from time to time directly or indirectly controls. For this purpose: (a) an entity directly controls another entity if it owns fifty (50) per cent or more of the voting rights attached to the issued share capital of the other entity; and (b) an entity indirectly controls another entity if a series of entities can be specified, beginning with the first entity and ending with the other entity, so related that each entity of the series (except the ultimate controlling entity) is directly controlled by one or more of the entities earlier in the series. 3. Business Activities (a) The Company The principal business of the Company is manufacture and distributes a wide range of dairy products, such as specialised powders for infant and growing up children, liquid milk in different packaging formats and yoghurts. The Company market these products under various brand names such as Dutch Lady, Dutch Baby, Frisolac and Friso. (b) FrieslandCampina AMEA Pte Ltd The principal business of FrieslandCampina AMEA Pte Ltd is developing, purchasing, marketing and selling branded consumer dairy products. 4. Actual Value Transacted The actual value transacted under this Related Party Transaction with FrieslandCampina AMEA Pte Ltd is RM69,196,000 as at 30 January 2015 or 15.3% above approved mandate value. 5. Estimated Value The estimated value of transactions from the last Annual General Meeting up to the 52nd Annual General Meeting is estimated at RM105,000,000 or 75.0% above approved mandate value. 6. Rationale The Related Party Transaction is for the purchase of finished products primarily which are distributed by the Company. The primary reason for exceeding the mandate by 10% of the Estimated Value as indicated in the 2014/15 RRPT Circular was due to higher sales of Friso in the market. A higher estimated amount of purchase from FC Amea will be incorporated under the Company’s new Shareholders’ Mandate to be announced soon. 7. Financial Impact There will be no financial impact on net profit and earnings per share of the Company for the increase of purchase of finished goods materials from the Related Party that compensated by additional Revenue to be generated. 8. Approvals Required No separate approval from the shareholders and authorities is required for the Related Party Transaction. 9. Interests of Directors, Substantial Shareholders and Persons Connected To Them None of the Company’s Directors have any direct or indirect interests in the Related Party Transaction, other than Mr. Piet Hilarides, Ms. Saw Chooi Lee and Mr. Pieter van der Hoek (“Interested Directors”) are the Board representatives of RFC in the Company. 10. Statement by the Board of Directors The Board of Directors, other than Interested Directors, is of the opinion that the Related Party Transaction is in the best interest of the Company. 11. Statement on Contemporaneous Transactions The Related Party is the finished goods material suppliers of Friso to the Company within RFC. The continued and increase sourcing from the Related Party will ensure continued fulfillment of production by the Company and in turn, continued revenue generation and operational success of the Company. 12. Statement by Audit Committee on Tracking System of Recurrent Related Party Transactions The Audit Committee reviews all related party transactions, including those set out in the 2014/15 RRPT Circular approved by the shareholders at the Annual General Meeting on 28 May 2014. This review includes updates and explanations on variances in percentage of value of all related party transactions. This announcement is dated 30 January 2015.

icy97

子母牌牛奶派息RM1.10

財經企業24 Feb 2015 23:00
（吉隆坡24日訊）子母牌牛奶（DLADY，3026，主要板消費）截至12月底末季淨利按年增4.8%，從3240萬令吉提升至3395萬令吉，同時派發每股1.10令吉股息。

該公司末季營業額從2億6034萬令吉，攀升1.3%至2億6384萬令吉，由奶粉產品表現改善貢獻。

不過，受原產品價格推高乳製品原料價格及令吉貶值影響，子母牌牛奶全年淨利下跌20.6%至1億984萬令吉，對比2013財年為1億3826萬令吉。

隨著2013年推出新產品，加上原有產品價格調漲，該公司全年營業額從9億8007萬令吉，按年起2.1%至10億24萬令吉。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2014	31/12/2013	31/12/2014	31/12/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	263,842	260,340	1,000,244	980,073
2	Profit/(loss) before tax	45,871	43,612	148,423	186,674
3	Profit/(loss) for the period	33,952	32,400	109,841	138,264
4	Profit/(loss) attributable to ordinary equity holders of the parent	33,952	32,400	109,841	138,264
5	Basic earnings/(loss) per share (Subunit)	53.05	50.60	171.60	216.00
6	Proposed/Declared dividend per share (Subunit)	110.00	130.00	220.00	260.00
		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 ($$)	2.4500		2.9400

icy97

EX-date	24/04/2015
Entitlement date	28/04/2015
Entitlement time	05:00:00 PM
Entitlement subject	Interim Dividend
Entitlement description	A Single-tier Standard Interim Dividend of RM0.50 per ordinary share of RM1.00 each and a Single-tier Special Interim Dividend of RM0.60 per ordinary share of RM1.00 each for the financial year ending 31 December 2015.
Period of interest payment	to
Financial Year End	31/12/2015
Share transfer book & register of members will be	28/04/2015 to 28/04/2015 closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Symphony Share Registrars Sdn Bhd Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan Tel No.: 03-78418000
Payment date	19/05/2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	28/04/2015
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	1.1

icy97

Date of change	16/03/2015
Name	Mirjam Joanna Ghislaine van Thiel
Age	36
Nationality	Dutch
Type of change	Appointment
Designation	Chief Financial Officer
Qualifications	Graduate from Hogeschool van Utrecht in the Netherlands, specialising in Management, Economics and Law, with a Masters in Financial Management from the Netherlands Business School, Nyenrode University and Executive Masters of Finance & Control from Nivra - Nyenrode Business School, the Netherlands.
Working experience and occupation	Ms Mirjam Joanna Ghislaine van Thiel has 12 years experience in various finance and business development positions within HJ Heinz Group of Companies, having been based in Europe, Australia and Indonesia amongst others. She is currently the Chief Financial Officer for HJ Heinz with responsibility for Australia, New Zealand and Papua New Guinea, a role which she assumed in February 2014. She will commence her new position as the Finance Director for Dutch Lady Milk Industries Berhad with effect from 16 March 2015.

Date of change	16/03/2015
Name	Ivo Christiaan Ogink
Age	38
Nationality	Dutch
Designation	Chief Financial Officer
Type of change	Resignation
Reason	Mr Ivo Christiaan Ogink has been reassigned by Royal FrieslandCampina NV ("RFC"), the ultimate holding company of the Company to assume the role of Finance Director for FrieslandCampina Romania, based in Bucharest, Romania, with effect from 1 April 2015.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of the shareholders	No
Qualifications	Graduate in Business Economics - Management and Organisation from the University of Groningen, Holland.
Working experience and occupation	Mr Ivo Christiaan Ogink joined the Company as the Finance and Accounting Director on 1 August 2012, with responsibility for Malaysia and Singapore under Royal FrieslandCampina N.V., Business Group Consumer Products Asia. He started his career as a management accountant at Friesche Vlag in the Netherlands in November 1999. In January 2005, he became the Manager - Business Analysis for Friesland Foods Western Europe when Friesche Vlag became part of the Friesland Foods operations. He was later promoted as the Chairman of Finance Team SAP implementation in April 2006. Prior to this position, he was the Finance Direction of FrieslandCampina Butter and Milkpowder, a role which he assumed in March 2008.

icy97

子母牌首季少賺26%

2015-05-27 10:26      
（吉隆坡26日訊）由於銷售下跌，加上重新推出產品加重市場投資成本，子母牌煉奶（DLADY，3026，主板消費品組）截至2015年3月31日為止，首季淨利下跌26.17%至1千702萬8千令吉，比較前期淨利為2千306萬6千令吉。

子母牌煉奶首季營業額為1億9千689萬4千令吉，比前期的2億2千768萬2千令吉，下跌13.52%。

該公司發文告指出，該公司首季營收較低，主要是該公司重新推介子母牌兒童方程式牛奶產品，而需要進行更多的推介活動行銷投資所致。消費者信心走軟，使業務環境料持續競爭。

不過，董事儲相信，雖然2015年商業環境持續具挑戰，該公司將保持承諾，以攫取公司品牌的優勢，包括推出子母牌PureFarm系列產品及重新推介子母牌兒童方程式牛奶。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2015	31 Mar 2014	31 Mar 2015	31 Mar 2014
		$$'000	$$'000	$$'000	$$'00

1	Revenue	196,894	227,682	196,894	227,682
2	Profit/(loss) before tax	23,016	31,168	23,016	31,168
3	Profit/(loss) for the period	17,028	23,066	17,028	23,066
4	Profit/(loss) attributable to ordinary equity holders of the parent	17,028	23,066	17,028	23,066
5	Basic earnings/(loss) per share (Subunit)	26.60	36.00	26.60	36.00
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 ($$)	2.7200		2.4500

icy97

前景挑战　子母牌不涨价保竞爭力

财经  2015年05月27日
（吉隆坡27日讯）由于全球乳製品原材料价格及匯率波动持续起伏不定，及消费者情绪低迷下，子母牌炼奶（DLADY，3026，主板消费股）表示，2015財政年仍是充满挑战的一年，但不会调涨產品价格，以维持市场的竞爭力。

该公司在昨日公布2015財政年首季（截至3月31日止）业绩，其净利按年下跌26.18%，至1702万8000令吉，造成其股价在周三应声下跌，全天下跌1.14令吉或2.44%，至45.66令吉，是全场下跌榜冠军。该股盘中交易更一度下跌2.50令吉或5.34%，至44.30令吉。

子母牌炼奶董事经理苏翠丽在今天出席该公司召开的股东常年大会后，向记者表示，原料价格及匯率波动依然不明朗，而该公司大部份的乳制品原料是以美元计价，所以公司的盈利表现预料將会受影响。不过，该公司已採取了缓衝策略，以舒缓所面临的潜在衝击。

同时，她指出，大马2014年末季消费者信心指数为89点，对比同年第3季的89点，进一步萎缩。因此，去年大马乳製品领域的销售量及销售额皆下滑。

除此之外，大马在今年实施消费税（GST），会持续影响消费者情绪。然而，该公司並不会调高產品价格，主要是为了维持公司在乳製品领域的竞爭力。

与此同时，该公司不会做出任何的財政预测，將会继续专注经营及发展公司的业务。

另外，她称，该公司將继续专注加强品牌，通过营销及教育活动等策略，来维持竞爭力。子母牌炼奶今年暂无推出新產品的计划，依然会专注在即饮牛奶品及以幼儿配方奶粉市场。

苏翠丽披露，该公司今年並无大型的扩展產能活动，所以资本开销將与去年的1800万令吉相近，主要是维修及提升现有的生產线效率。【东方网财经】

icy97

子母牌牛奶次季淨利漲1倍

財經企業24 Aug 2015 23:00
（吉隆坡24日訊）配方奶粉抵消消費稅的衝擊，子母牌牛奶（DLADY，3026，主要板消費）截至6月底2015財年次季淨利按年暴漲1倍至4877萬令吉。

子母牌牛奶向馬證交所報備，該公司次季淨利激增1倍至4877萬令吉；營業額起4%至2億7828萬令吉。

根據報備文件，淨利勁揚主要因為，重新推出子母牌兒童配方奶粉，抵消部分消費稅所帶來的影響，及原料價格下滑。

首6個月，該公司淨賺6580萬令吉，淨利升39%；營業額則下滑4%至4億7518萬令吉。

該公司本季沒建議派發任何股息，但早前已針對2015財年，宣布派發每股50仙中期股息，及特別派息每股60仙。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2015	30 Jun 2014	30 Jun 2015	30 Jun 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	278,288	268,229	475,182	495,911
2	Profit/(loss) before tax	65,642	32,804	88,657	63,972
3	Profit/(loss) for the period	48,776	24,274	65,803	47,340
4	Profit/(loss) attributable to ordinary equity holders of the parent	48,776	24,274	65,803	47,340
5	Basic earnings/(loss) per share (Subunit)	76.20	37.95	102.80	73.95
6	Proposed/Declared dividend per share (Subunit)	110.00	110.00	110.00	110.00
		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 ($$)	2.3800		2.4500

icy97

子母牌牛奶淨利漲75%
  
2015年11月17日 企業
（吉隆坡17日訊）受原料價格下滑和有利的外匯對沖政策帶動，子母牌牛奶（DLADY，3026，主要板消費）截至9月底2015財年第3季，淨利按年勁揚75%至4995萬令吉，宣布派發每股50仙中期股息，及特別股息60仙。

子母牌牛奶向馬證交所報備，將在12月18日派發每股50仙中期股息，及特別股息60仙，有關股息將在12月1日除權。

該公司第3季淨利漲75%至4995萬令吉；營業額增6%至2億5558萬令吉。

該公司首9個月淨賺1億1575萬令吉，淨利比去年同期高出53%；營業額微增0.8%至7億3076萬令吉。

根據報備文件，子母牌牛奶淨利取得成長主要因為原料價格下跌，加上外匯對沖政策。

由于令吉持續貶值及消費意願低迷，該公司認為經商環境將持續面對挑戰。
　
不過，該公司將繼續通過子母牌的強勁品牌和相關活動，穩定公司表現。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2015	30 Sep 2014	30 Sep 2015	30 Sep 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	255,581	240,491	730,763	736,402
2	Profit/(loss) before tax	65,727	38,580	154,385	102,552
3	Profit/(loss) for the period	49,954	28,549	115,758	75,889
4	Profit/(loss) attributable to ordinary equity holders of the parent	49,954	28,549	115,758	75,889
5	Basic earnings/(loss) per share (Subunit)	78.10	44.60	180.90	118.60
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	110.00	110.00
		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 ($$)	3.1600		2.4500

icy97

EX-date	01 Dec 2015
Entitlement date	03 Dec 2015
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	A Single-tier Standard Interim Dividend of RM0.50 per ordinary share of RM1.00 each and a Single-tier Special Interim Dividend of RM0.60 per ordinary share of RM1.00 each for the financial year ending 31 December 2015.
Period of interest payment	to
Financial Year End	31 Dec 2015
Share transfer book & register of members will be	03 Dec 2015   to   03 Dec 2015 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HouseBlock D13, Pusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaTel:03-78490777Fax:03-78418151
Payment date	18 Dec 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	03 Dec 2015
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	1.1000
Par Value	Malaysian Ringgit (MYR) 1.000

icy97

原料價續低迷‧子母牌可持續受益

2015-11-18 17:03      
（吉隆坡18日訊）子母牌煉奶（DLADY，3026，主板消費品組）因成本下跌業績超越預測，帶動該公司股價創歷史新高，分析員認為，原材料價格將持續低迷，子母牌煉奶可持續受益。

受業績亮眼和高派息推動，子母牌煉奶在今日開市即上揚，一度起1令吉38仙或2.89%至有史以來最高的49令吉10仙，閉市時掛48令吉82仙，全天揚1令吉10仙或2.31%。
該公司宣佈派發共1令吉10仙的特別和中期股息。

在業績表現超亮眼下，肯納格上調2015及2016財政年業績預測，分別調高25.6%及29.6%。

子母牌煉奶2015財政年9個月淨利飆漲52.5%至1億1千580萬令吉，已符合肯納格研究預測全年預測的93.5%。

肯納格指出，子母牌煉奶超越預測主要歸功於原材料價格走低，同時該公司也擁有良好的貨幣對衝政策，使營運毛利成長7.4點至21.2%。

雖說如此，子母牌煉奶的營業額持平，9個月微跌0.8%至7億3千零80萬令吉。

奶粉價主宰業績

肯納格表示，接下來，奶粉價格將會主宰子母牌煉奶未來的業績表現。

該行相信，在全球需求復甦前，奶粉價格將延續目前疲勢，因此認為子母牌煉奶可在將近的數季度內保持高賺幅。

肯納格研究大幅上修子母牌煉奶目標價，從48令吉零7仙調高至58令吉51仙，同時上調評級至“跑贏大市”。（星洲日報／財經‧報導：陳林德）

icy97

子母牌牛奶 每股派息RM1.10
  
2016年2月23日
（吉隆坡23日訊）受匯率與更高廣告與宣傳支出影響，子母牌牛奶（DLADY，3026，主要板消費）截至12月底2015財年末季淨利按年下滑26%至2522萬令吉，營業額增3%至2億7090萬令吉，每股派息1.10令吉。

子母牌牛奶向馬證交所報備，配合業績宣布，將在5月19日派發每股50仙中期股息，以及每股60仙特別股息，除權日皆鎖定在4月26日。

根據報備文件，末季淨利縮減，是因為匯率造成的影響，以及廣告與宣傳的投資所致。

該公司全年淨賺1億4098萬令吉，淨利上揚28%；營業額錄得10億166萬令吉，比去年同期略高0.1%。

全年而言，因消費稅和令吉貶值衝擊消費意願，銷售僅略升0.2%。不過，更低的原料成本改善了全年獲利。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2015

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2015	31 Dec 2014	31 Dec 2015	31 Dec 2014
		$$'000	$$'000	$$'000	$$'000

1	Revenue	270,900	263,842	1,001,663	1,000,244
2	Profit/(loss) before tax	34,352	45,871	188,737	148,423
3	Profit/(loss) for the period	25,222	33,952	140,980	109,841
4	Profit/(loss) attributable to ordinary equity holders of the parent	25,222	33,952	140,980	109,841
5	Basic earnings/(loss) per share (Subunit)	39.40	53.05	220.30	171.60
6	Proposed/Declared dividend per share (Subunit)	110.00	110.00	220.00	220.00
		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 ($$)	2.4600		2.4500

icy97

EX-date	26 Apr 2016
Entitlement date	28 Apr 2016
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	A single-tier Standard Interim Dividend of RM0.50 per ordinary share of RM1.00 each and a Single-tier Special Interim Dividend of RM0.60 per ordinary share of RM1.00 each for the financial year ending 31 December 2016.
Period of interest payment	to
Financial Year End	31 Dec 2016
Share transfer book & register of members will be	28 Apr 2016   to   28 Apr 2016 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no	SYMPHONY SHARE REGISTRARS SDN BHDLevel 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301Petaling JayaTel:0378490777Fax:0378418151
Payment date	19 May 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	28 Apr 2016
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	1.1000
Par Value	Malaysian Ringgit (MYR) 1.000

icy97

財測隨淨利下調‧子母牌一度挫逾3令吉

2016-02-25 09:10      
（吉隆坡24日訊）分銷成本走高，以致子母牌煉奶（DLADY，3026，主板消費品組）淨利成長受挫，未能符合分析員預期，導致週三股價一度挫3令吉零2仙。

肯納格對於該公司廣告宣傳開銷成本走高，卻未能取得相對的淨利成長倍感意外，但慶幸該公司承諾長遠的投資計劃，仍可讓盈利成長。

肯納格認為，該公司未來盈利成長主要來自價格調漲。目前，商品市場供需並未復甦，相信該公司可受惠於低原料價格。

綜合上述看法，肯納格認為，分銷成本走高將壓抑該公司盈利成長，因此下砍2016財政年淨利預測7%，目標價下調至56令吉40仙，但保持“跑贏大市”評級。

股價：50令吉零2仙
總股本：6千400萬股
市值：32億零128萬令吉
30天日均成交量：2萬股
最新季度營業額：27億零900萬令吉
最新季度盈虧：淨利2千522萬2千令吉
每股淨資產：2令吉46仙
本益比：22.23倍
周息率：4.25%
大股東：Friesland Campina DLMI大馬控股（約50.96%）（星洲日報／財經）

icy97

子母牌加強品牌實力

2016-04-24 19:33      

年報摘要：
子母牌煉奶（DLADY，3026，主板消費品組）奠定強大品牌基礎，緩衝消費稅措施、馬幣匯率與消費者基本面疲弱的衝擊，營業額增加0.1%，再次超越10億令吉大關。

馬幣匯率疲弱促使乳品原料價格下跌，沖淡馬幣匯率的弱勢，促使公司盈利成長27%，從2014年的1億4千840萬令吉，提高至1億8千870萬令吉。

子母牌煉奶在2015年專注在革新公司的產品組合，推出迎合成長中兒童需要的乳產品，同時，繼續推行乳品開發計劃。

另外，為加強與政府推動學校奶品計劃的合作，公司是教育部3k計劃的伙伴之一，該項計劃旨在提高學生獲得正規營養飲料、擁有更健康的生活。

提昇奶粉廠生產線
在充份使用工廠的設備，公司又邁進一步，將奶粉廠的生產線提昇至自動化標準，在公司各個部門的運作，保持安全至上、改善安全系統為首要原則。

公司在已結束的財政年，分發1億4千零80萬令吉的中期股息，至於特別股息的派發則有賴公司業務的進展。

以目前經濟形勢來看，接下來一年，預料將是另一個充滿挑戰的年頭，展望2016財政年，公司將專注加強子母牌煉奶的品牌實力、產品的質量，繼續在推廣健康飲料的投資，提醒大馬人飲用健康飲料的重要性。

●子母牌煉奶
活動：股東大會
日期：4月26日（星期二）
時間：上午10時
地點：八打靈再也Armada酒店



（星洲日報／投資致富‧大會焦點）

icy97

子母牌牛奶 首季淨利翻倍

2016年4月25日
（吉隆坡25日訊）原料成本降低，帶動子母牌牛奶（DLADY，3026，主要板消費）截至3月底2016財年首季淨利，按年激增近1倍至3389萬令吉。

子母牌牛奶向馬證交所報備，首季淨利飆升99%至3389萬令吉；營業額上揚27%至2億4979萬令吉。

根據報備文件，淨利大幅成長歸功于有利的乳製品原料價格。

儘管淨利大漲，但該公司本季沒有宣布任何派息。

該公司相信，消費意願低迷，經商環境仍具挑戰。

不過，該公司將持續善用公司強而有力的品牌，提供具素質的產品。【中国报财经】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	249,786	196,894	249,786	196,894
2	Profit/(loss) before tax	45,787	23,016	45,787	23,016
3	Profit/(loss) for the period	33,888	17,028	33,888	17,028
4	Profit/(loss) attributable to ordinary equity holders of the parent	33,888	17,028	33,888	17,028
5	Basic earnings/(loss) per share (Subunit)	52.95	26.60	52.95	26.60
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 ($$)	2.9900		2.4600

icy97

子母牌 消费疲弱营运挑战大

财经 股市 行家论股  2016-04-27 11:45

目标价：52令吉

最新进展
营业额增加，且乳制品原料价格下跌，子母牌（DLADY，3026，主板消费产品股）截至3月31日首季净利，按年大增99.01%，净赚3388万8000令吉，或每股净利52.95仙。

公司首季营业额则按年上扬26.86%，达2亿4979万令吉。

在消费者信心疲弱之际，子母牌预计，营运环境将持续面对挑战，公司将充分运用子母牌品牌的优势及产品素质。

行家建议
子母牌的首季净利符合预期，相等于全年预测的20%，主要受益于所有产品都有改善。

该公司目前的净现金高达1亿6970万令吉，并没有宣布派发股息。不过，估计子母牌将在本财年派发每股2.20令吉的股息，相等于4.1%的周息率。

展望未来，子母牌将面对挑战，因市场情绪疲弱，消费者更谨慎开销。

不过，公司可通过促销活动和低原料价格，来抵消市道不佳的影响。

我们谨慎估计该公司在2016财年的净利预测为1.7亿令吉，2017财年则为1.84亿令吉，并维持52令吉的目标价，以及“守住”评级不变。



分析：BIMB证券研究

【南洋网财经】

icy97

子母牌次季净利挫25%

2016年8月25日
（吉隆坡24日讯）子母牌（DLADY，3026，主板消费产品股）截至6月30日次季，净利按年下滑25%至3670万9000令吉，或相等于每股净利57.35仙，低于上财年同季的4877万6000令吉。

此外，次季营业额也从去年同期的2亿7828万8000令吉，按年下跌11%至2亿4668万5000令吉。

虽然如此，合计上半年营业额却有所增加，从上财年的4亿7518万2000令吉，微扬4%至4亿9647万令吉。

上半年净利也走高7%至7059万6000令吉，比上财年同期的6580万3000令吉高。

次季营业额下跌，是因为该公司去年同期重新推出子母牌儿童牛奶配方，并取得强劲营业额表现。

此外，税前盈利下降，主要归咎于营业额萎缩以及支付系统升级的费用。

子母牌预计，下半年本地市场的消费者情绪依然疲弱，营运将持续面对挑战。

该公司将充分运用子母牌品牌的优势及产品素质，透过大量的市场行销活动来保持市占率。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	246,685	278,288	496,470	475,182
2	Profit/(loss) before tax	51,099	65,642	96,885	88,657
3	Profit/(loss) for the period	36,709	48,776	70,596	65,803
4	Profit/(loss) attributable to ordinary equity holders of the parent	36,709	48,776	70,596	65,803
5	Basic earnings/(loss) per share (Subunit)	57.35	76.20	110.30	102.80
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 ($$)	2.4600		2.4600