【BJFOOD 5196 交流专区】成功食品

icy97

券商買進心頭好．成功食品購星巴克股權 獲利前景尤為可期

財經股市12/07/2012 20:47

券商：大馬投資研究
目標價：1令吉

成功食品（BJFOOD，5196，主要板貿易）購入成功星巴克（BERJAYA STARBUCKS）股權預計8月完成，這項併購案預計將推高成功食品盈利。

之前報導指出，成功食品將以7180萬令吉現金以及發行附加股和憑單，購入成功星巴克50%股權，透過內部融資的方式，可讓成功食品不必對外借貸完成股權收購。

“星巴克資產的注入，將有助推高成功食品盈利，星巴克未來將繼續拓展，更放眼每年增設18至20間分店，預計星巴克在2013和2014財年可貢獻800至1200萬令吉的稅前盈利。”

綜觀成功食品近期財報，公司盈利穩健攀揚，星巴克和KENNY ROGERS未來將繼續推動公司盈利成長。

“KENNY ROGERS大馬和印尼業務表現佳，不管是在城市或郊區，銷售業績成長強勁，我們對成功食品長期獲利前景看好。”

該股今日閉市揚0.5仙至97仙，全日交投60萬4100股。[ChinaPress]

phantom123

几号就可以开始联络经纪购买 RIght share

icy97

几号就可以开始联络经纪购买 RIght share
phantom123 发表于 16-7-2012 04:13 PM

明天你就可开始联络你的经纪了解了，你拥有的是nominee户口。。？

phantom123

回复 123# icy97


    对,谢谢

icy97

回复  icy97
对,谢谢
phantom123 发表于 16-7-2012 05:27 PM

不客气。。

投资小孩

icy97 发表于 16-7-2012 05:31 PM
不客气。。

请问表格需要怎样填写呢？第二页有两个大大哥的空格，要填写什么？
我买了的banker cheque 需要填写谁的名字呢？

好像在banker cheque后面也需要填写资料，是吗？

williamnkk81

投资小孩 发表于 23-7-2012 10:43 PM
请问表格需要怎样填写呢？第二页有两个大大哥的空格，要填写什么？
我买了的banker cheque 需要填写谁的 ...

请问表格需要怎样填写呢？第二页有两个大大哥的空格，要填写什么？填写你的附加股票的数量。。总值。。bank draf/banker chequw 号码。。CDS号码。。IC。。。签名。。。
我买了的banker cheque 需要填写谁的名字呢？如果你只给你所有的权益那就payable to : bfood rights issue
如果你还要申请附加附加权益那就要卖多一张写payable to: bfood excess rights issue

好像在banker cheque后面也需要填写资料，是吗？是的。。写你的名字。。IC。。地址。。CDS号码。。。

icy97

成功食品 附加股认购率111%

财经新闻 财经  2012-08-07 09:44
（吉隆坡6日讯）成功食品（BJFOOD，5196，主板贸服股）2012年7月2日建议的1亿1508万1760股附加股（附送1亿1508万1760张凭单）发行，获得111.6%的认购率。

成功食品向马交所报备，2012年7月31日截至申请的附加股接获1亿2843万5007股（附送1亿2843万5007张凭单）的认购申请。

此附加股预计将在接获马交所批准报价申请后的第二个交易日上市，该报价申请预计将在2012年8月9日提交。[Nanyang]

BERJAYA FOOD BERHAD

06/08/2012 05:37:41 PM

Type	Announcement
Subject	NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS) FUND RAISING
Description	BERJAYA FOOD BERHAD (“BFOOD” OR “COMPANY”) RENOUNCEABLE RIGHTS ISSUE OF UP TO 118,944,800 NEW ORDINARY SHARES OF RM0.50 EACH IN BFOOD (“RIGHTS SHARES”) TOGETHER WITH UP TO 118,944,800 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF FOUR (4) RIGHTS SHARES TOGETHER WITH FOUR (4) WARRANTS FOR EVERY FIVE (5) EXISTING BFOOD SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AS AT 5.00 P.M. ON 16 JULY 2012 AT AN ISSUE PRICE OF RM0.65 PER RIGHTS SHARE (“RIGHTS ISSUE”)
We refer to the announcements dated 2 July 2012 in relation to the Rights Issue. On behalf of the Board of Directors of BFood, AmInvestment Bank Berhad wishes to announce that as at the close of acceptance and payment for the Rights Issue at 5.00 p.m. on 31 July 2012 (“Closing Date”), the total valid acceptances and excess applications received for the Rights Issue was 128,435,007 Rights Shares with 128,435,007 Warrants, representing approximately 111.60% of the 115,081,760 Rights Shares with 115,081,760 Warrants available for subscription under the Rights Issue. The details of the valid acceptances and excess applications received as at the Closing Date are set out in the Table attached. The excess Rights Shares with Warrants will be allotted in the manner as stated in the Abridged Prospectus dated 16 July 2012 in relation to the Rights Issue. The 115,081,760 Rights Shares and 115,081,760 Warrants are expected to be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) two (2) clear market days after the receipt of the quotation application by Bursa Securities, pursuant to the letter from Bursa Securities dated 11 May 2012. The quotation application is expected to be submitted by 9 August 2012.

Attachments Table - Subscription Rate.pdf 21 KB

icy97

ERJAYA FOOD BERHAD

09/08/2012 06:24:26 PM

Instrument Type

Warrants

Description

FREE DETACHABLE WARRANTS ISSUED PURSUANT TO THE RENOUNCEABLE RIGHTS ISSUE OF 115,081,760 NEW ORDINARY SHARES OF RM0.50 EACH IN BERJAYA FOOD BERHAD (“BFOOD SHARES”) (“RIGHTS SHARES”) TOGETHER WITH 115,081,760 FREE DETACHABLE WARRANTS (“WARRANTS”) ON THE BASIS OF FOUR (4) RIGHTS SHARES TOGETHER WITH FOUR (4) WARRANTS FOR EVERY FIVE (5) BFOOD SHARES HELD BY THE ENTITLED SHAREHOLDERS OF THE COMPANY AS AT 5.00 P.M. ON 16 JULY 2012 AT AN ISSUE PRICE OF RM0.65 PER RIGHTS SHARE (“RIGHTS ISSUE”)

Listing Date	13/08/2012
Issue Date	09/08/2012
Issue/ Ask Price	Not Applicable
Issue Size Indicator	Unit
Issue Size in Unit	115,081,760

Maturity Date	08/08/2017
Revised Maturity Date
Exercise/ Conversion Period	5.00Year(s)
Revised Exercise/ Conversion Period
Exercise/Strike/Conversion Price	MYR 0.7000
Revised Exercise/Strike/Conversion Price
Exercise/ Conversion Ratio	1 Warrant : 1 Share
Revised Exercise/ Conversion Ratio
Mode of satisfaction of Exercise/ Conversion price	Cash
Settlement Type/ Convertible into	Physical (Shares)

icy97

成功食品净利跌21%

财经新闻 财经  2012-09-08 11:30
（吉隆坡7日讯）成功食品（BJFOOD，5196，主板贸服股）截至今年7月杪的财年首季净利，按年下挫21.1%至225万6000令吉，上财年则录得285万8000令吉。

受斋戒月以及广告与促销增多影响，成功食品现财年首季净利录得下滑。

不过，首季营业额却按年增长了22.9%至2474万令吉，上财年则为2011万7000令吉。

这主要是印尼PTBoga餐厅开始营运所贡献的营业额所致。

每股盈利方面，成功食品的首季每股盈利报1.57仙，低于上财年的2.01仙。

展望未来，成功食品董事部认为，随着之后个季度将有餐厅陆续开张，加上成功星巴克（BStarbucks）的业绩表现，相信将有助推动成功食品的未来业绩表现。[Nanyang]

SUMMARY OF KEY FINANCIAL INFORMATION 31/07/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/07/2012	31/07/2011	31/07/2012	31/07/2011
		$$'000	$$'000	$$'000	$$'000

1	Revenue	24,740	20,117	24,740	20,117
2	Profit/(loss) before tax	2,998	3,843	2,998	3,843
3	Profit/(loss) for the period	2,158	2,858	2,158	2,858
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,256	2,858	2,256	2,858
5	Basic earnings/(loss) per share (Subunit)	1.57	2.01	1.57	2.01
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 ($$)	0.3823		0.3908

crystal2007

放眼餐馆区域扩充　成功食品创更大成长

二零一二年十月一日 晚上七时四十三分
（吉隆坡1日讯）大马投资研究指出，随着本地和区域扩充，尤其是在印度支那，成功食品有限公司（BJFOOD，5196，贸易服务组）预料将录得更强劲的收入成长。

在报告中，大马投资研究称，在马来西亚经营连锁餐馆的成功食品，放眼加速扩充Kenny Rogers Roasters餐馆（简称KRR餐馆）至印度支那地区。

“一旦实行，它预料将在2014财政年开始带来贡献。”

它补充，成功食品也正洽商收购印尼一家潜在食品与饮料公司。

成功食品已经透过与一家当地公司的联营进军印尼，以经营KRR餐馆。

据大马投资研究指出，成功食品计划在5年内开设高达60至70间KRR餐馆。

今年，成功食品已在马来西亚开设3间新分店，及另外7间正在筹划中。而在印尼，成功食品只差3间即达到15间的目标。

与此同时，该集团迄今已拥有135间Starbucks分店，及预期一年内再开15间，并于未来5年内增至200间分店。

其主席拿督陈永钦在早前的最新常年报告中披露：“成功食品正积极在2013财政年内，透过马来西亚和印尼经营的分店开设，提高成长41%。”

他说：“基于预测与有经营成本不会大幅调整，董事部认为下财政年开设额外KRR餐馆，以及最近收购成功Starbucks咖啡私人有限公司，将可能加强集团的未来表现。”

成功食品刚于7月完成以7170万令吉代价，收购成功Starbucks的50%股份。

大马投资研究已把成功食品的目标价从之前的1令吉上调到1.40令吉，并维持‘买进’建议。

该投资公司在报告中称：“我们维持2013财政年每股收益预测，但把2014财政年的预期从2%调高到3%。”

“我们预测净盈利将从2013财政年的2100万令吉，增加50%到2014财政年的3200万令吉，并于下一年度晋至3800万令吉。”

该集团的3年收益常年增长率企于51%。

它补充，成功食品拥有强劲资产负债表及零借贷，而周息率则企于3.8%至5.1%，及股息派发率为至少收益的40%。

它也在之前的报告中披露，成功食品有可能收购目前属于母公司成功集团有限公司（BJCORP，3395，贸易服务组）旗下的其他食品与饮料经营商，包括Papa John's Pizza、Krispy Creme Doughnuts和Wendy's。

它指出：“一旦获得正面回馈和分店业务更趋成熟，成功食品将考虑这些潜在收购。”

http://www.kwongwah.com.my/news/2012/10/01/114.html

icy97

整合星巴克‧成功食品盈利料勁揚

熱股評析  2012-10-03 19:03
（吉隆坡3日訊）成功食品（BJFOOD，5196，主板貿服組）新收購的星巴克咖啡連鎖店將成為該公司盈利成長的強大催化力量，加上印尼肯尼羅傑斯（Kenny Rogers）餐廳即將達到收支平衡，分析員看好該公司盈利將強勁增長。

大馬研究指出，成功食品旗下印尼肯尼羅傑斯餐廳在2013財政年杪將達到20家分店，料可取得收支平衡，以及2014年應可小幅獲利。

同時，成功食品成功整合星巴克，料將刺激集團盈利成長，該集團是在7月19日完成以7千100萬令吉收購星巴克的計劃。

放眼肯尼羅傑斯餐廳加速擴張
管理層放眼肯尼羅傑斯餐廳加速擴張至中南半島，此計劃要到2014年才有望成行，同時管理層也表示正在印尼洽談收購一家餐飲公司。

大馬研究有信心該公司可達到每年於大馬和印尼各開設15間肯尼羅傑斯餐廳的目標成功食品今年至今共在大馬新開了3個肯尼羅傑斯餐廳，另有7間正在籌備中。在印尼，仍須開多3個餐廳以達到目標。目前該集團在大馬共有79間肯尼羅傑斯餐廳，其中10間為獨立特許經營權擁有；而在印尼則有21間分店。

同時，星巴克至今已有135間分店，預料在5年每年開設15間新分店，以達到200間分店的目標。

該集團資產負債表強勁，目前是零負債以及周息率介於3.8至5.1%，每年派發至少40%盈利為股息。

大馬研究保持成功食品2013財政年的每股盈利預測，但將2014和15年盈利預測略為調高2至3%，以反映印尼肯尼羅傑斯餐廳和星巴克咖啡館的盈利貢獻。其中2013年淨利2千100萬令吉，2014年躍升50%至3千200萬令吉，以及接下來的年份成長20%至3千800萬令吉，3年複合年均成長率為51%。同時，上調評級至“買進＂，合理價也從1令吉調高至1令吉40仙。（星洲日報／財經）

1234_4321

icy97 发表于 3-10-2012 09:20 PM
整合星巴克‧成功食品盈利料勁揚

熱股評析  2012-10-03 19:03

对不起版主，有些关于PE的东西不知道是否该在这里问，
不过没因为是这件公司的，所以就在这里问问你下，
希望你可以帮忙解开心中的疑惑。



看看下面那个fianancial info,
是上一个财政年的资料。

我想问的是，数据提供
1）去年EPS: 7.99
2) PE : 29.9

今天BJ Food的价钱
RM1.31
PE= Price/EPS
PE = 131/7.99
= 16.396

为何网站会提供PE=29.9的呢？
PE=29.9的话,Price不是应该
29.0=Price/7.99
Price = 238.901 cent
= RM2.38吗？

谢谢你咯

tch.

1234_4321 发表于 18-10-2012 12:25 PM
对不起版主，有些关于PE的东西不知道是否该在这里问，
不过没因为是这件公司的，所以就在这里问问你下， ...

1.31这个价格已经是附加股除权过后的价格，可是eps却是除权之前的eps...

你要用最新的股数来计算最新的eps，才可以得到较正确的pe

williamnkk81

1234_4321 发表于 18-10-2012 12:25 PM
对不起版主，有些关于PE的东西不知道是否该在这里问，
不过没因为是这件公司的，所以就在这里问问你下， ...

已经有回复了。。。 因为有附加股的原因。。股票数量增加了。。所以PE和你看的不同。。在这个系统里。。 PE会随市场变动。。 EPS只是记入一年的。。。所以有时要自己在看看研究。。。

1234_4321

williamnkk81 发表于 18-10-2012 08:52 PM
已经有回复了。。。 因为有附加股的原因。。股票数量增加了。。所以PE和你看的不同。。在这个系统里。。  ...

谢谢你们，不过还是有几个问题想要请教请教下。

http://www.tradesignum.com/company/bjfood
我从这个网站看到些BJFood的资料
2013 First Quater EPS = 1.57
请问hongleong的website如何知道2013 YTD 的EPS的呢？
而且公司也还没有公布2013第二个业绩报告。
他们是靠prediction的吗？

还有就是公司在13 Aug 2012时宣布附加股，
所以导致EPS下降了？
那我该如何知道现在market的total number of share?

williamnkk81

1234_4321 发表于 18-10-2012 10:06 PM
谢谢你们，不过还是有几个问题想要请教请教下。

http://www.tradesignum.com/company/bjfood

你在HL那里看到2013 的？？ 如果有都是通常。我也使用季度 X 4 大概算一年的EPS。。 都是预测。。。

是的。。因为附加股所以EPS降低。。。但会提高回但新的业务贡献了。。

1234_4321

等待業績報告啊~~

icy97

成功食品1902万买狮城Jollibean

财经新闻 财经  2012-12-08 11:14
（吉隆坡7日讯）成功食品（BjFood，5196，主板贸服股）以750万新元（约1902万令吉）现金，全面收购新加坡Jollibean食品有限公司（JFPL）。

据成功食品呈交予交易所的文告，JFPL自1995年开始营业以来，已投入大笔资金、时间和努力在塑造醒觉度和教育市场方面，从而宣传其健康食品。

完成收购JFPL后，成功食品将持有数饮食品牌分行和摊位的经营和管理权，包括Jollibean、Sushi Deli、Kopi Alley、DanGo和JFreeze by Jollibean。

品牌引进大马
成功食品指出，根据初期计划，它会先把JFPL引进大马，之后再扩展至亚太地区，如中国、印尼和菲律宾。
目前，JFPL在新加坡共设有35间Jollibean分店、4间Kopi Alley分店、14间Sushi Deli分店，以及两间DanGo分店。

成功食品是以内部资金来融资此项收购计划，该公司也无需为此收购承担任何债务。

但该公司认为，收购活动不会对截至2013年4月30日止财年贡献任何盈利。[Nanyang]

BERJAYA FOOD BERHAD

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	ACQUISITION OF 100% EQUITY STAKE IN JOLLIBEAN FOODS PTE LTD
1.        INTRODUCTION The Board of Directors of Berjaya Food Berhad (“BFood” or “Company”) wishes to announce that the Company has entered into a Sale and Purchase Agreement (“SPA”) for the acquisition of 100% equity interest in Jollibean Foods Pte Ltd, Singapore (“JFPL”) for a cash consideration of SGD7.50 million (or about RM19.02 million) (“Acquisition”). (Exchange rate is assumed at SGD1.00 = RM2.5355)2.        DETAILS OF THE ACQUISITION 2.1        On 7 December 2012, BFood entered into a SPA for the acquisition of 100% equity interest in JFPL comprising 1,000,000 ordinary shares (“JFPL Shares”) from Mr Wong Ah Wah @ Wong Fong Fui (900,000 JFPL Shares) and Madam Chong Ho Fah (100,000 JFPL Shares) (collectively the “Vendors”) for a total cash consideration of SGD7.50 million (or about RM19.02 million) (“Acquisition”). The cash consideration for the Acquisition was fully paid upon the execution of the SPA. 2.2        Following completion of the Acquisition, BFood (via JFPL) now has the sole and exclusive worldwide rights to develop, operate and manage all the outlets, stalls and kiosks under the brand names of “Jollibean”, “Sushi Deli”, “Kopi Alley”, “DanGo” and “JFreeze by Jollibean”, with all marks and rights associated therewith (“JFPL Business”). 2.3        No liabilities were assumed by BFood arising from the Acquisition. The JFPL Shares was acquired free from all encumbrances together with all rights attaching thereon. BFood funded the Acquisition entirely from internally-generated funds. 2.4        The Vendors have caused two original directors (“Original Directors”) of JFPL namely, Mr Wong Yu Loon (Huang Youlun) and Ms Pengene Lee Mei Yee, to provide a profit guarantee of up to SGD0.50 million (about RM1.27 million) that the audited profit before taxation of JFPL for the current financial year ending 31 March 2013 will not be less than SGD0.75 million (“FYE 2013 PBT”). Hence, in the event of a shortfall, the Original Directors shall make good the difference up to the guaranteed sum of SGD0.50 million. 2.5        JFPL is now a 100%-owned subsidiary of BFood. 3.        INFORMATION ON JFPL 3.1        JFPL was incorporated as a private limited company in Singapore under the Companies Act, (Cap. 50) on 15 November 1993 and presently has an issued and paid-up share capital of SGD1.00 million comprising 1.00 million ordinary shares with no par value. JFPL is principally engaged in the operations of retail outlets and food caterers of its JFPL Business. Presently, there are a total of 35 “Jollibean” outlets, 4 “Kopi Alley” outlets, 14 “Sushi Deli” outlets and 2 “Dango” outlets, all of which are located in Singapore. JFPL’s signature product is its freshly daily made “Jollibean” soy milk drinks using Grade A, non-GMO, identity preserved Canadian soy beans. The first Jollibean outlet was opened in 1995 in The CentrePoint, Singapore. JFPL also introduced ‘All-in-one Drink and Snack’ Concept Stores where it complemented its Jollibean soya milk products with local food delicacies such as pancakes (widely known in Singapore as “Mien Chiang Kueh”) by the name of “Jollipancake” with an assortment of fillings such as creamy cheese, apple, corn, chocolate and lotus seed paste. “Kopi Alley”, which commenced business in 2006, is a local homegrown cafe restaurant ala “hawker food” style with cozy ambience serving toast bread (its signature product) with kaya jam, coffee, half boiled eggs, nasi lemak, bee hoon siam and “chee cheong fun” etc. Most of these restaurants are located at mass rapid transit (“MRT”) stations and suburb malls. “Sushi Deli” basically served freshly cut salmon fish in sashimi, sushi, hand rolls and salad. The first Sushi Deli outlet was opened in Cold Storage, Singapore as a Quick Service Concept which offers customers an array of “pick-and-choose” sushi and assorted sashimi sets, temaki & makimono rolls, onigiri, an assortment of salads, party platters, bento sets and Japanese sweets including Tofu Cheese Cake. “DanGo” offers a wide variety of Japanese kushiyaki cuisine (grilled meat on bamboo skewers) and yaki onigiri (grilled triangular rice balls). The maiden outlet was opened in The Clementi Mall, Singapore followed by the outlet in Causeway Point, Singapore. Some of the prestigious/notable awards conferred to JFPL are as follows: Singapore Prestige Brand Award (“SPBA”) 2010 Overall Winner, SPBA - Established Brands Winner, SPBA - Established Brands Inducted in SPBA - Hall of Fame Singapore Prestige Brand Award 2009 Winner - Established Brands Singapore Prestige Brand Award 2008 Winner - Established Brands Superbrands, Singapore Consumers Choice 2006 Superbrands, Singapore 2004 – 2005 JFPL does not have any subsidiary and/or associated company. 4.        PROSPECTS OF THE JFPL BUSINESS There is a ready market for the JFPL Business where its outlets, stalls and kiosks are strategically located in places with high human traffic such as shopping malls and MRT stations in Singapore. Most of these outlets are profitable and easy to replicate with low start-up costs. Thus, the business model can be easily replicated in Malaysia or other countries. The JFPL Business has been in operations since 1995 with lots of costs, time and effort spent in creating awareness, educating and promoting its healthy food products. Its signature product “Jollibean” soy milk is a popular healthy and nutritious drink with growing demands. Initial plans are to introduce the JFPL Business into Malaysia before expanding to Asia Pacific region such as China, Indonesia and Philippines. 5.        RISK FACTORS RELATING TO THE JFPL BUSINESS As in any business venture, the JFPL Business is exposed to the normal risks inherent due to the overall macroeconomic environment cyclical or otherwise. Specific risks such as liquidity and credit risks as well as inflationary pressures and rising material costs become part and parcel of doing business. The future performance of the JFPL Business is also largely dependent on the ability and continued efforts of its management to maintain and improve the quality/standard of its service as well as to introduce new menus and products to meet the change in consumer taste and preferences. 6.        BASIS OF ARRIVING AT THE CONSIDERATIONThe cash consideration for the Acquisition was arrived at on a willing buyer willing seller basis after taking into consideration, amongst others, the earnings potential of JFPL. After taking into account the prevailing corporate tax rates in Singapore, the estimated profit after tax for the FYE 2013 PBT is SGD0.65 million which represents a net PE multiple of about 11.5 times based on the cash consideration of SGD7.50 million. 7.        RATIONALE FOR THE ACQUISITION The BFood Group through its subsidiary and associated companies are involved in the operations of well known household food and beverages (“F&B”) brand names such as Kenny Rogers Roasters and Starbucks Coffee. The Acquisition will enable BFood to own a suite of brand names as well as expand its F&B operations into Singapore. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1141945

icy97

券商買進心頭好．成功食品加強區域飲食業地位

財經股市10/12/2012 21:27

券商：大馬投資研究
合理價：1.55令吉

成功食品（BJFOOD，5196，主要板貿易）在收購了新加坡Jollibean食品有限公司后，預計將加強區域飲食業者的地位，券商強烈建議買入，合理價從每股1.40令吉上修到1.55令吉。

成功食品在12月9日以750萬新元（約1900萬令吉）完全收購新加坡Jollibean，估計后者在2013財年稅前盈利約有65萬新元（約163萬令吉），所付出的代價為本益比11.5倍，我們認為這是一項可增值的收購。

此收購將為公司帶來正面發展，進一步穩固區域飲食業者地位，不僅讓業務侷限大馬和印尼，更進一步拓展到新加坡。此外，該公司亦計劃在大馬和中國擴張Jollibean的品牌。

我們看到了成功食品許多讓人振奮的發展計劃，包括了不斷增長其特許經營權價值的商業模式和公司管理。

Jollibean在大馬與中國的業務，預計將會在2014財年開始，並將會幫助公司2014財年盈利帶來65%的增長。

成功食品10日閉市價為1.3令吉，漲2仙，成交量為6萬7400股。[ChinaPress]