Thursday, 28 June 2018

美特工业 - 继续扩展

美特工业 - 继续扩展




美特工业经营两个业务部门:制造服装和包装材料。 服装销售额占集团收入的90%以上。 其服装销售额超过90%来自耐克公司。该集团年产能为3560万件,利用率为70%,并计划到2020年将产能提高至5000万件。公司将其产品扩展到本地大马,越南,美国,欧洲,中国,加拿大,泰国,印度尼西亚和日本的市场。

美特工业分别公布其2018年收入和核心净利润分别为2.2亿令吉(下降26.4%)和2,390万令吉(下跌38.7%)。总体而言,2018年是一个表现不佳的年份,收入和核心净利润分别下降5.3%和11.1%,其主要受到收到的销售订单减少,运营费用特别是劳动力成本上涨以及不利的外汇走势影响。美特工业宣布第四季度每股5仙的较低股息7仙,全年派息为20仙,相当于2018年的35.6%派息。美特工业的估值不高,基本面稳健(截至2018年4月30日净现金额为1.929亿令吉或1.19令吉/股),有吸引力的股息收益率。

自2018以来,两家新计划生产设施之一已经开始生产,而第二家工厂仍在建设中,所以预计2019年的表现会更好,这得益于两家新制造工厂的新产能和更稳定的外汇流动。

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