Post Reply
41-60 of 156
Prices nvr stop headg south. Haiz...
WhereI ( Date: 06-Dec-2020 11:47) Posted:
|
Survivable company. Yes, strong balance sheet. Can buy some since we have been consuming Yeo' s products for so many years. But nowadays got so many other drink Brands from Asia . Yeo' s will need to innovate new products to compete. Maybe health drinks? Perhaps...
Yeo Hiap Seng expects FY2020 net loss with Covid-19 resurgence in Malaysia
BEVERAGE player Yeo Hiap Seng (YHS) expects to post a net loss for FY2020 ended December, due to fallout from the Covid-19 pandemic in its key market Malaysia, the mainboard-listed company announced in a Friday bourse filing after the market close.
Besides the impact of the pandemic, the net loss is also expected to arise from the absence of one-off gains on asset disposals and fair value gains on financial assets, YHS said. The company had previously also warned of a net loss for H1 this year.
" The group started H2 on a cautiously optimistic note, as there were encouraging signs that the progressive lifting of lockdowns and restrictions in markets have improved consumer spending," it said in the filing.
However, renewed lockdowns and other issues in Q4 due to subsequent waves of Covid-19 in certain countries have raised uncertainties. In particular, YHS' key market Malaysia has seen a spike in cases, resulting in state lockdowns and the closure of factories.
" Notwithstanding the foregoing, the group will continue to adapt and execute on commercial strategies across our markets, including prioritising resources on grocery and e-commerce channels for at home consumption, launching new products and driving productivity," it said.
YHS added that it has a strong balance sheet that will help it navigate through the pandemic. The firm expects to announce its unaudited financial results for H2 and the full year on or before Feb 28, 2021.
Yeo Hiap Seng records 1H loss of $6.7 mil on pandemic-related disruptions, absence of one-off gain
Food and beverage manufacturer and distributor Yeo Hiap Seng reported a loss of $6.7 million for 1H20 ended June. This is a stark comparison from its earnings of $14.6 million in 1H19.
The group attributed the loss to the impact of Covid-19 lockdowns in key markets around the world and the absence of one-off gains from the sales of properties recorded in the same period last year.
Excluding the one-off gain of $14.1 million realised in 1H19 on asset disposals and fair value gains on financial assets, net loss from core operations would come up to $6.7 million in 1H20 compared with net profit of $0.5 million in 1H19.
Revenue for the period was down 12.8% to $162.5 million from $186.4 million, driven by softness in consumer spending and disruptions in operations and sales channels due to Covid-19.
During the period under review, operations of food and beverage outlets in key markets were also significantly disrupted as governments imposed lockdowns to curb the spread of the coronavirus. The Group saw a decline in sales in most markets except Greater China.
As at end-June, the group&rsquo s cash and cash equivalents stood at $276.8 million.
The group did not declare any dividend for this period, as compared to a special dividend of 1 cent per share that was declared in the same period last year.
Yeo Hiap Seng warns of H1 2020 net loss due to Covid-19 and lower consumer spending
BEVERAGE company Yeo Hiap Seng on Thursday said it expects to report a net loss in the first half of 2020, a significant decline from a year ago, due to the impact of the Covid-19 pandemic and lower consumer spending.
The net loss will be aggravated by the absence of one-off gains on asset disposals and fair-value gains on financial assets which were recorded in the same period last year, it said.
" The Covid-19 pandemic has and is expected to continue to adversely impact the group&rsquo s revenue and profit due to softness in consumer spending, disruptions to operations and sales channels as well as higher operating costs," it said.
The company said that it will continue to focus on adapting and executing commercial strategies, rolling out new products, strengthening supply-chain resilience and driving productivity.
It added that it is in a " robust financial position" to navigate through this crisis, although the pandemic will likely continue to cause significant market and business uncertainty in the near term.
The company will announce its H1 2020 unaudited financial results by Aug 15, 2020.
no bulls nor bears
AGM minutes just released at SGX website.
Recession proof stock
Thinly traded
Last time got Pokka now no more
Thinly traded
Last time got Pokka now no more
hem2998 ( Date: 22-May-2020 16:46) Posted:
|
i like YHS -- what is a good entry?
danger ( Date: 22-May-2020 16:43) Posted:
|
UNFAZED BY SELLDOWN
AGM just over recently. There is a presentation slide at SGX website of the company. A good summary of what the company is doing now and moving forward.
albeniz ( Date: 05-May-2020 16:08) Posted:
|
Yes! Support local drinks stall!
Any idea how much % the chairman holding this counter like no one play one
Secret_Squirrel ( Date: 05-May-2020 13:00) Posted:
|
Lai, lim liang teh, lim liang teh.
Secret_Squirrel ( Date: 05-May-2020 13:00) Posted:
|
Had just look at the at the chairman statement on annual report at SGX website.
Zero Borrowing.
Company' s balance sheet looks healthy.
Only thing is this is a boring stock.
Zero Borrowing.
Company' s balance sheet looks healthy.
Only thing is this is a boring stock.
xxadidasxx ( Date: 05-May-2020 11:31) Posted:
|
This counter forgotten ?
can always be a target of takeover /merger
always buy for some surprise....anyway dividend is decent
always buy for some surprise....anyway dividend is decent
SmallPlay2020 ( Date: 30-Apr-2020 10:45) Posted:
|
Low liquidity.
severe lack of demand from both retail and funds.
only catalyst boost is landbank unlock / takeover / new profitable business
severe lack of demand from both retail and funds.
only catalyst boost is landbank unlock / takeover / new profitable business
Warren Buffett likes to buy the coca cola stocks.
Anyone here supporting our local drinks stall?
Time to drink some liang teh?
Anyone here supporting our local drinks stall?
Time to drink some liang teh?
Results just out. Final dividend 2 cents, special dividend 1 cent.