【MERCURY 8192 交流专区】美佳利工业

icy97

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	21,621	11,568	66,411	46,531
2	Profit/(loss) before tax	2,267	1,815	9,920	6,630
3	Profit/(loss) for the period	1,503	1,343	6,715	4,824
4	Profit/(loss) attributable to ordinary equity holders of the parent	989	1,343	5,626	4,824
5	Basic earnings/(loss) per share (Subunit)	2.46	3.34	14.00	12.01
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 ($$)	1.4635		1.3835

icy97

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	23,497	11,820	23,497	11,820
2	Profit/(loss) before tax	2,316	2,454	2,316	2,454
3	Profit/(loss) for the period	1,638	1,835	1,638	1,835
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,232	1,835	1,232	1,835
5	Basic earnings/(loss) per share (Subunit)	3.07	4.57	3.07	4.57
6	Proposed/Declared dividend per share (Subunit)	0.06	0.00	0.06	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 ($$)	1.4928		1.4621

Remarks :

In addition to item 6 above, the Company had on 20 August 2015 declared a first interim single tier dividend of 6 sen per ordinary share of RM1-00 each for the financial year ended 31 December 2015 paid on 30 September 2015.

icy97

EX-date	17 Jun 2016
Entitlement date	21 Jun 2016
Entitlement time	05:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	First Single Tier Interim Dividend of six percent (6%) 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	to   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:0378418000Fax:0378418008
Payment date	20 Jul 2016
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	21 Jun 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	Percentage
Entitlement in Percentage (%)	6
Par Value	Malaysian Ringgit (MYR) 1.000

icy97

美丽华工业囊获淡江980万令吉建筑合约
By Gho Chee Yuan / theedgemarkets.com   | June 7, 2016 : 6:38 PM MYT

（吉隆坡7日讯）美丽华工业（Mercury Industries Bhd）持股70%的Paramount Bounty私人有限公司，包揽一项价值980万令吉（剔除消费税）的建筑合约，此合约由Aturan Prisma私人有限公司所颁布。

根据大马交易所今日的文告，此合约的内容为工地清理、土木工程、挡土墙和土质改良工作，所有工作将在雪兰莪州鹅唛县淡江镇（Bandar Ulu Kelang）的15296地段进行。

“这项建筑工程料将为集团截至2016年12月杪的财政年贡献盈利。”

美丽华工业透过子公司投资并开发房地产，以及销售油漆及其他相关产品。该集团也生产并出售汽车领域的油灰（putty）、防蚀涂层（underseal）、亮漆和油漆。

（编译：倪嫣鴽）

Type	Announcement
Subject	OTHERS
Description	CONSTRUCTION WORKS TO BE CARRIED OUT ON LOT 15296, SEKSYEN 2 AND LOT 15297, BANDAR ULU KELANG, DAERAH GOMBAK, SELANGOR DARUL EHSAN INVOLVING SITE CLEARANCE, EARTHWORKS, RETAINING WALL AND SOIL IMPROVEMENT ("Construction Works")
The Board of Directors of Mercury Industries Berhad (“Mercury”) is pleased to announce that its 70% owned subsidiary, Paramount Bounty Sdn Bhd (“PBSB”), has on 7 June 2016 accepted the award by Aturan Prisma Sdn Bhd (“APSB”), for the Construction Works involving site clearance, earthworks, retaining wall and soil improvement to be carried out on Lot 15296, Seksyen and Lot 15297, Bandar Ulu Kelang, Daerah Gombak, Selangor Darul Ehsan. The value of the contract awarded is RM9.8 million (exclusive of Goods and Services Tax) and the Construction Works are expected to contribute positively to the net assets and earnings of Mercury Group for the financial year ending 31 December 2016. None of the directors, major shareholders and/or persons connected with them has any interests, direct or indirect, in the award of the Construction Works by APSB. This announcement is dated 7 June 2016.

icy97

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	28,898	9,752	52,394	21,572
2	Profit/(loss) before tax	2,999	1,216	5,314	3,671
3	Profit/(loss) for the period	2,051	786	3,688	2,622
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,579	786	2,811	2,622
5	Basic earnings/(loss) per share (Subunit)	3.93	1.96	6.99	6.53
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 ($$)	1.4721		1.4621

icy97

美佳利工业净利表现佳
By Gho Chee Yuan  / theedgemarkets.com   | November 16, 2016 : 10:40 AM MYT

（吉隆坡16日讯）美佳利工业（Mercury Industries Bhd）2016财政年第三季净利表现走好，并宣布派发6仙股息。

这家汽车修补产品制造商暨建筑公司向大马交易所报备，其2016财年第三季（截至2016N年9月30日止）的净利按年增长10.9%至224万令吉，同期净赚202万令吉，归功于集团建筑臂膀Paramount Bounty私人有限公司（PBSB）的强稳表现。

第三季营业额也从同期的2322万令吉，劲扬32.2%至3073万令吉。

同时，该集团宣布派发每股6仙的股息，定于2017年1月12日派息。

纵观首9个月的业绩表现，美佳利工业的净利企于505万令吉，同期净赚464万令吉，按年涨幅为8.8%。

合共三季营业额大幅上涨85.6%至8312万令吉，同期仅录得4479万令吉。

展望未来，该集团预见，大马的经济活动将进一步萎缩，主要因国内及全球经济环境放缓及呈波动趋势。

“然而，（我们）将趁令吉走弱之际致力提高出口销售。至于我们的建筑子公司，即便住宅产业领域放缓，但基于手头上的订单及短期内或标得的合约，这家公司料可为集团营业额及盈利带来进账。”

（编译：倪嫣鴽）

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

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

1	Revenue	30,726	23,218	83,120	44,790
2	Profit/(loss) before tax	4,258	3,983	9,572	7,654
3	Profit/(loss) for the period	2,969	2,591	6,657	5,213
4	Profit/(loss) attributable to ordinary equity holders of the parent	2,236	2,016	5,047	4,638
5	Basic earnings/(loss) per share (Subunit)	5.57	5.02	12.56	11.54
6	Proposed/Declared dividend per share (Subunit)	0.06	0.00	0.12	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 ($$)	1.5277		1.4621

icy97

EX-date	13 Dec 2016
Entitlement date	15 Dec 2016
Entitlement time	05:00 PM
Entitlement subject	Interim Dividend
Entitlement description	Second Interim Dividend (single tier) of 6% 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	to   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 Jaya, SelangorTel:03-7841 8000
Payment date	12 Jan 2017
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	15 Dec 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	Percentage
Entitlement in Percentage (%)	6
Par Value	Malaysian Ringgit (MYR) 1.000

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	MERCURY INDUSTRIES BERHAD ("MERCURY" OR "COMPANY")PROPOSED DISPOSAL BY MERCURY TO INTERGLOBAL DYNASTY SDN BHD OF ITS EQUITY INTEREST IN SILVERLIGHT PROSPECTS SDN BHD ("SILVERLIGHT"), A WHOLLY-OWNED SUBSIDIARY OF MERCURY FOR A TOTAL CASH CONSIDERATION OF RM50,500,000 ("PROPOSED DISPOSAL")
This announcement is dated 23 November 2016 (“Announcement”). On behalf of the Board of Directors of Mercury (“Board”), AmInvestment Bank Berhad (“AmInvestment Bank”) wishes to announce that the Company had on 23 November 2016, entered into a conditional share sale agreement (“SSA”) with Interglobal Dynasty Sdn Bhd (“IDSB” or “Purchaser”) for the proposed disposal of 10,000,000 ordinary shares of RM1.00 each in Silverlight (“Sale Shares” or “Silverlight Shares”) representing 100% equity interest in Silverlight for a total cash consideration of RM50,500,000 (“Sale Consideration”). Please refer to the attachment for further details on the Proposed Disposal.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5267961

Attachments MIB - Proposed Disposal.pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RECURRENT RELATED PARTY TRANSACTIONS
Description	MERCURY INDUSTRIES BERHAD ("MIB" OR "COMPANY")LETTER OF APPOINTMENT IN RELATION TO THE CONSTRUCTION WORKS TO BE CARRIED OUT ON LOT 15296, SECTION 2 AND LOT 15297, BANDAR ULU KELANG, DAERAH GOMBAK, SELANGOR DARUL EHSAN
INTRODUCTION The Company had at its Thirty-Third Annual General Meeting held on 31 May 2016, obtained the shareholders' mandate for the Company and/or its subsidiaries to enter into Recurrent Related Party Transactions ("RRPT") of a revenue or trading nature, which are necessary for MIB Group's day-to-day operations and are in the ordinary course of business and terms that are no more favourable to the Mandated Related Parties than those generally available to the public. The RRPT relate to the successful tender of construction contract by MIB Group from the Mandated Related Parties. DETAILS The Board of Directors of MIB wishes to announce that its 70%-owned subsidiary, Paramount Bounty Sdn Bhd (Company No. 759894-H) has on 20 February 2017 accepted the Letter of Appointment issued by Veritas Architects Sdn Bhd (Company No. 612168-X), the architect appointed by Pujian Development Sendirian Berhad (Company No. 55873-H) for the main building and external works for Cadangan Pembangunan Perdagangan Bercampur yang Mengandungi: Fasa 1: 3 Blok SOHO (1,632 Unit) 2 Tingkat Ruang Perniagaan (32 Unit) (Aras Besmen B3 hingga Besmen B1) Ruang Kemudahan Tempat Letak Kenderaan Bertingkat 1 Unit Pencawang Elektrik dan Rumah Sampah 1 Unit Stesen Pam dan Loji Rawatan Kumbahan (Sewage Treatment Plant) Di atas Lot 15296, Seksyen 2 dan Lot 15297 Bandar Ulu Kelang, Daerah Gombak, Selangor Darul Ehsan (hereinafter referred to as the “Project”). Please refer to the attachment for further details on the Project. This announcement is dated 21 February 2017.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5341933

Attachments MIB_RRPT Announcement Ulu Klang Project (final).pdf

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

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

1	Revenue	17,336	10,876	70,837	23,347
2	Profit/(loss) before tax	1,484	1,921	6,935	2,776
3	Profit/(loss) for the period	2,055	1,448	8,713	6,661
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,564	934	6,612	5,572
5	Basic earnings/(loss) per share (Subunit)	3.89	2.32	16.45	13.86
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.12	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 ($$)	1.5067		1.4621

icy97

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	13,546	14,335	13,546	14,335
2	Profit/(loss) before tax	265	1,115	265	1,115
3	Profit/(loss) for the period	1,152	1,638	1,152	1,638
4	Profit/(loss) attributable to ordinary equity holders of the parent	882	1,233	882	1,233
5	Basic earnings/(loss) per share (Subunit)	2.19	3.06	2.19	3.06
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 ($$)	1.5276		1.5056

icy97

美佳利700万购工程原料贸易公司

（吉隆坡10日讯）美佳利工业（MERCURY,8192,主板工业产品组）以700万令吉收购Andaman Marketing有限公司股权。

该公司在文告中表示，在今年2月脱售汽车漆料制造和贸易业务后，该公司的主要营收来自子公司Paramount Bounty有限（PSSB），该公司为一家土木建筑公司。Andaman Marketing则为一家专注工程原料贸易公司，在收购完成后，将增加美佳利工业扩大业务机会。

文章来源：
星洲日报／财经·2017.06.10

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	MERCURY INDUSTRIES BERHAD ("MERCURY" OR "COMPANY")PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN ANDAMAN MARKETING SDN BHD ("AMSB") FOR A CASH CONSIDERATION OF RM7.0 MILLION ("PROPOSED ACQUISITION")
This announcement is dated 9 June 2017 (“Announcement”). The Board of Directors of Mercury (“Board”) is pleased to announce that the Company has on 9 June 2017, entered into a share sale agreement (“SSA”) with Dato’ Teoh Seng Kian and Mr Teoh Seng Aun (collectively referred to as the “Vendors”) to acquire 100% of the issued share capital of AMSB comprising 200,000 ordinary shares (“Sale Shares”), for a cash consideration of RM7.0 million (“Purchase Price”) subject to the terms and conditions in the SSA. Please refer to the attachment for further details on the Proposed Acquisition.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5457989

Attachments MIB-Acquisition of Andaman Marketing SB_final.pdf

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	MERCURY INDUSTRIES BERHAD ("MERCURY" OR "COMPANY")PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN ANDAMAN MARKETING SDN BHD ("AMSB") FOR A CASH CONSIDERATION OF RM7.0 MILLION ("PROPOSED ACQUISITION")
This announcement is dated 14 June 2017. Reference is made to the announcement dated 9 June 2017 in relation to the Proposed Acquisition. The Board of Directors of Mercury is pleased to announce that the Proposed Acquisition has been completed today. In this regard, AMSB has become a wholly-owned subsidiary of the Company.

icy97

icy97 发表于 1-12-2016 02:39 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5267961

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) RELATED PARTY TRANSACTIONS
Description	MERCURY INDUSTRIES BERHAD ("MERCURY" OR "COMPANY")        PROPOSED DISPOSAL BY MERCURY TO INTERGLOBAL DYNASTY SDN BHD OF ITS EQUITY INTEREST IN SILVERLIGHT PROSPECTS SDN BHD ("SILVERLIGHT"), A WHOLLY-OWNED SUBSIDIARY OF MERCURY FOR A TOTAL CASH CONSIDERATION OF RM50,500,000 ("PROPOSED DISPOSAL")
This announcement is dated 22 June 2017. Reference is made to the Company’s announcements dated 23 November 2016 (“First Announcement”), 27 February 2017 and 24 May 2017 in relation to the Proposed Disposal.  Unless otherwise stated, defined terms in this announcement shall carry the same meanings as defined in the First Announcement. On behalf of the Board of Directors of Mercury, AmInvestment Bank Berhad wishes to announce that the Proposed Disposal has been completed on 22 June 2017 in accordance with the terms of the SSA.  Accordingly, Silverlight and its group of companies are no longer subsidiaries of the Company.

icy97

Name	DATO' TIONG KWING HEE
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	04 Jul 2017	2,000,000	Acquired	Direct Interest
	Name of registered holder	DATO' TIONG KWING HEE
	Address of registered holder	42, JALAN TUALANG BUKIT BANDARAYA BANGSAR 59100 KUALA LUMPUR
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of 2,000,000 of shares
Nature of interest	Direct Interest
Direct (units)	4,791,100
Direct (%)	11.923
Indirect/deemed interest (units)	58,900
Indirect/deemed interest (%)	0.147
Total no of securities after change	4,791,100
Date of notice	05 Jul 2017
Date notice received by Listed Issuer	05 Jul 2017

icy97

Name	DATO' TIONG KWING HEE
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary Shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	21 Jul 2017	2,000,000	Acquired	Direct Interest
	Name of registered holder	DATO' TIONG KWING HEE
	Address of registered holder	42, JALAN TUALANG BUKIT BANDARAYA BANGSAR 59100 KUALA LUMPUR
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Acquisition of 2,000,000 of shares
Nature of interest	Direct Interest
Direct (units)	6,791,100
Direct (%)	16.901
Indirect/deemed interest (units)	58,900
Indirect/deemed interest (%)	0.147
Total no of securities after change	6,791,100
Date of notice	21 Jul 2017
Date notice received by Listed Issuer	21 Jul 2017

icy97

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	19,671	18,210	33,217	32,544
2	Profit/(loss) before tax	11,195	1,505	11,461	2,536
3	Profit/(loss) for the period	11,342	2,050	12,494	3,688
4	Profit/(loss) attributable to ordinary equity holders of the parent	10,771	1,578	11,653	2,811
5	Basic earnings/(loss) per share (Subunit)	26.81	3.93	29.00	6.99
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 ($$)	1.7957		1.5056

icy97

Type	Announcement
Subject	OTHERS
Description	MERCURY INDUSTRIES BERHAD ("MIB" or "the Company")- CLARIFICATION ON THE EDGE MALAYSIAS ARTICLE ENTITLED MERCURY INDUSTRIES BECOMES A PURE CONSTRUCTION PLAY
The Company refers to the article published in The Edge Malaysia on 25 September 2017 entitled “Mercury Industries becomes a pure construction play” and wishes to clarify that the numbers quoted in the said article are internal estimates and targets for management purposes. These numbers are targets for Management to strive to achieve and not intended to refer to any financial estimate, forecast or projection of the Group. The Group is expected to achieve a higher net profit in financial year ending 31 December 2017/2018 as compared to the previous financial year due to the following reasons: (i) Guaranteed profits from its subsidiaries, i.e. Paramount Bounty Sdn Bhd and Andaman Marketing Sdn Bhd. (ii) Higher unaudited net profit of RM10.51 million recorded for the cumulative 6 months ended 30 June 2017 as compared to RM1.59 million for the corresponding period of previous financial year 2016. (iii) The Group is currently bidding and is expected to secure more projects moving forward. The Company also wish to clarify that the outstanding order book as at 30 June 2017 is RM316 million instead of RM477 million as stated in the article. Please note that the information in this announcement is based on the preliminary assessments by the Company and on latest available information to Management. This announcement is dated 26 September 2017.

哭哭鸟

Mercury优質冷门股,手中订单+红股=股价大涨?
Author: koko888   |    Publish date: Tue, 10 Oct 2017, 09:21 PM
https://klse.i3investor.com/blogs/koko888/134955.jsp

MERCURY INDUSTRIES BECOMES PURE CONSTRUCTION PLAY        THE EDGE MALAYSIA SEPTEMBER 25.2017

Mercury Industries Bhd’s move into the construction business two years ago seems to be panning out.The group, which used to make automotive paints, posted a higher profit and paid a better dividend for the financial year ended Dec 31, 2016 (FY2016), and in the six months ended June (1HFY2017), it turned net cash.

Completing the transformation in June, it acquired a building materials firm, sold off its automotive paints business and exited the auto refinishing industry.

Managing director Datuk Tiong Kwing Hee says the group plans to acquire an interior design (ID) house next year as it seeks to strengthen its construction business.

“We have identified a target…they are good at what they do. Now, we want them to show us the numbers and hit a certain profit target. If all goes well, we will buy the ID company by the end of next year,” he tells The Edge.

Tiong, 59, is the single largest shareholder of Mercury Industries with 17% equity interest. He was appointed executive director in August 2000, before being redesignated managing director in July this year.

It is estimated that Mercury Industries would have to fork out not more than RM10 million to acquire the ID house.Tiong says the deal could be a combination of cash and share swap.The ID firm will be asked to give a profit guarantee of RM3 million per annum.

“The owner is keen to sell. His problem is the banking facility. As a private held company, it is difficult for them to get a loan, whereas for us, as a public-listed company, it is much easier,” he says.

Two years ago, Mercury Industries began its journey to become a construction player.In August 2015, it acquired a 70% stake in non-listed builder Paramount Bounty Sdn Bhd from Tiong for RM42 million.

In June this year, Mercury Industries paid RM7 million cash to buy a 100% stake in construction materials firm Andaman Marketing Sdn Bhd, to complement the construction business.

Subsequently, Mercury Industries disposed of its entire automotive paints divisions to Tiong for RM50 million in cash.The disposal was also completed in June.In a nutshell, Tiong injected the construction business into Mercury Industries before taking the car paints business private.He is also expanding the group’s revenue stream by acquiring construction-related companies.

“My goal is to transform Mercury Industries into a pure construction play with earning visibility. We want it to enjoy a good set of numbers,” he says.

Excluding earnings from the car paints divisions, Mercury Industries reported a net profit of RM6.6 million, on revenue of RM46.5 million in FY2014, when it was still mainly involved in the car paints business.

Mercury Industries registered a significantly higher net profit of RM11.6 million in 1HFY2017, thanks to the RM9 million gain from the sale of the automotive paints division.

The group achieved a net cash position of RM10.5 million as at June 30 this year, compared with a net debt position of RM23 million as at Dec 31 last year.

Excluding the gain on disposal, says Tiong, Mercury Industries is expected to make an annual profit of RM10 million in FY2017 and FY2018-RM7 million will come from the

construction activities and the remainder from building materials.

Moving on to FY2019, Tiong expects Mercury Industries’s net profit to grow 50% year on year to RM15 million, assuming he successfully acquires the ID house.“Going forward, I think the construction division will contribute RM10 million, building materials will account for RM2 million to RM3 million, and the ID division will make up another RM3 million,” he predicts.

Based on Mercury Industries’ earnings of RM4.8 million in FY2014, the numbers could be double to RM10 million in FY2017 and FY2018 and triple to RM15 million in FY2019.

LOOKING TO IMPROVE SHARE LIQUIDITY,PRICE

While the venture into construction has put the group on a stronger footing, investors do not seem to recognize Tiong’s hard work.At the closing price of RM1.26 last Wednesday, Mercury Industries was only valued at RM50.6 million, which is about the same as its market capitalization two years ago.

On a positive note, the company may seem attractive given its low forward price-earnings ratio (PER) compared with peers in the same industry.

Based on its current market capitalization of RM50.6 million, Mercury Industries is trading at a forward PER of five times for FY2017 and FY2018 and 3.3 times for FY2019, if it achieves its internal profit targets of RM10 million and RM15 million.

Sunway Construction Group Bhd, IJM Corp Bhd and WCT Holdings Bhd are trading at forward PERs of 17 to 19 times.“Today, Mercury Industries is a rather small but well-run company. I can make it bigger and stronger,” Tiong says confidently, adding that he may raise his stake in the company to up to 20%.

To improve Mercury Industries’s share liquidity and share price performance, Tiong says the company is considering a bonus issue or share split exercise as early as next year.

“We intend to undertake some interesting corporate exercises in the near future. All these things are in the pipeline. I still need to discuss further with my investment bankers the best way to restructure our balance sheet and, more importantly, add value for our shareholders.”

It is worth noting that Tiong is also the group CEO and executive director of property developer EcoFirst Consolidated Bhd, which was known as Kumpulan Emas Bhd until 2006.

Tiong had previously told The Edge that EcoFirst has been facing legacy issues, mainly inherited from Kumpulan Emas, an ailing, debt-laden company that was taken over by the Teoh brothers – Datuk Dr Patrick Teoh Seng Foo, Datuk Kenneth Teoh Seng Kian and Teoh Seng Aun – in the 1990s.

Interestingly, Tiong initially bought a 70% stake in Paramount Bounty from Seng Aun while Mercury Industries’ 100% stake in Andaman Marketing was purchased from Seng Kian and Seng Aun.

Tiong, however, refuses to blame the “Teoh brothers effect” for the lackluster share price performance of Mercury Industries.

“To be fair to them, the Teoh brothers are not involved in Mercury Industries at all. I don’t think our share price is affected by the perception issue. I would like to think that we are not in a very sexy industry, so investors don’t see us as a sexy stock,” he says.

Paramount Bounty has an outstanding order book of RM477 million.

Its ongoing projects include EVO Bangi, where the company is building commercial retail and small office/home office units at Hulu Langat under a RM122.7 million contract.

In February this year, Paramount Bounty bagged another construction job worth RM238 million for EcoFirst’s mixed-use development in Ulu Kelang, Selangor.

Its previous projects include residential developments such as The Arc @ Cyberjaya, a job worth RM160.9 million in 2014, Casa Residensi Phase 2, (RM96.2 million) in 2013, and Cova Suites, (RM41.7 million) in 2009.

(注:管理层已在bursa发文告澄清,截止30/6/17为止,手中订单只有316m.)
         
1)Mercury于2015年以Rm42m收购Paramount Bounty的70%股权,
         
2)公司以Rm50m脱售汽车油漆业务,已在今年6月份完成.
         
3)今年6月份以现金Rm7m收购一家建筑材料Andaman marketing sdn bhd(AMSB)100%的股权.该公司也给于2018-2020財政年,每年1m盈利保证.
         
4)公司计划以Rm10m收购一家室內设计(ID)公司,如果一却顺利,明年年底会完成收购,这间公司给予每年3m盈利保证.
         
5)截止30/6/17為止,手中拥有建筑业务316m,订单,可以忙碌至3年.这还不包括接下来拿到的订单.
         
        建筑业务    營业额      稅前盈利    賺幅%
        2015年      23.35m      5.07m      21.7%
        2016年      70.84m      9.45m      13.3%
        2017年(半年)32.57m      3.73m      11.5%
         
6)可以看得出公司近期收购的建筑材料及室内设计业务的策略,是为了承接接下來姐妹公司的订单，而所作出的动作。
         
7)Mercury是小公司,股票數额只有40.18(百万股),为了改善公司的股价和股票流通量,管理层考虑明年会派发红股或股票拆细活动.
         
8)Mercury是净现金的公司,净现金达Rm10.46m或=每股26仙.

9)以下是2011至2016年,所派发的股息.
        2011年=6仙
        2012年=8仙
        2013年=8仙
        2014年=10仙
        2015年=6仙
        2016年=12仙
        2017年= ?
         
管理层預计建筑业务从2017至2019財政年,每年可贡献Rm10m的净利,包括加上收购一家室內设计(ID)公司,我預测2018財政年净利可达Rm11m,建筑业务10m+建筑材料1m=Rm11m净利或=eps27.4分,以10-12p/e来计算,合理价=Rm2.74-Rm3.29.

如果明年能成功完成收购室內设计(ID)公司,管理层預测2019財政年,建筑业务净利10m+建筑材料业务净利2m+室內设计业务净利3m=净利共达15m或=eps37.3,以10-12p/e来计算,合理价=Rm3.73-Rm4.48.
         
2017年初,姐妹公司ECOFIRS颁发总值2亿3800万令吉在Ampang Ukay的公寓建筑合約給Mercury,ECOFIRS和Mercury的大股东是Datuk Tiong Kwing Hee ,ECOFIRS目前专注忙于发展Ampang Ukay总值(GDV)50亿令吉的项目,預计将在未来12年內实现,这是个良好地点的发展项目,包含注宅和零售商店,且距離双峰塔(KLCC)大約只需7分钟车程,相信肥水不流外人田,这良好地点的12年长期项目,Mercury肯定受益匪淺.

不要忘记,管理层考虑明年派发红股或股票拆细,肯定也会是能使股价大涨的催化剂。
         
注:才2个星期Mercury的股价暴涨五十多%,短期內还会大涨有难度,不过,(1年以上)还是被看好,由于2个星期股价就暴涨五十多%,想要买进的人,等它股价调整一些才进场会比较好,虽然我买的价位便宜,紙上盈利几十%,但还是看好它未来的前景,所以继续守着.

icy97

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	21,304	20,957	54,521	53,500
2	Profit/(loss) before tax	3,275	2,739	14,736	5,442
3	Profit/(loss) for the period	2,372	2,970	14,866	6,657
4	Profit/(loss) attributable to ordinary equity holders of the parent	1,689	2,237	13,343	5,047
5	Basic earnings/(loss) per share (Subunit)	4.20	5.57	33.21	12.56
6	Proposed/Declared dividend per share (Subunit)	0.00	0.06	0.00	0.12
		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 ($$)	1.8377		1.5056