Rubber Wood Furniture Maker. Dividend Yield of 4.8%

Author: Icon8888 | Publish date: Fri, 20 Mar 2015, 03:25 PM

Jaycorp Bhd (JAYC) Snapshot

Open 0.71		Previous Close 0.71
Day High 0.71		Day Low 0.71
52 Week High 04/23/14 - 0.86		52 Week Low 12/17/14 - 0.62
Market Cap 96.4M		Average Volume 10 Days 35.9K
EPS TTM 0.06		Shares Outstanding 136.8M
EX-Date 12/16/14		P/E TM 12.7x
Dividend 0.04		Dividend Yield 4.96%

Jaycorp Berhad manufactures and sells rubber wood furniture.

The company operates through four segments: Rubberwood Furniture, Packaging, Processing of Rubberwood, Renewable Energy, and Others.

It offers wooden dining sets, bedroom sets, and occasional side boards.

The company is also involved in the conversion of corrugated boards into carton boxes; processing and kiln–drying of rubber wood; etc.

Jaycorp serves various customers primarily in Malaysia and the rest of Asia, as well as North America and Europe.

The company was formerly known as Yeo Aik Resources Berhad and changed its name to Jaycorp Berhad in 2006.

Jaycorp Berhad was founded in 1992 and is based in Kuala Lumpur, Malaysia.

The group has healthy balance sheets with net cash of RM12 mil.

The company paid dividend of 3.5 sen in 2012, 2013 and 2014. Based on 73 sen, dividend yield is 4.8%.

The group has been consistently profitable throughout recent yars.

Annual Result:

F.Y.	Revenue ('000)	Profit Attb. to SH ('000)	EPS (Cent)	PE	DPS (Cent)	DY	NAPS	ROE (%)
TTM	242,849	7,515	5.54	13.00	3.50	4.86	0.9300	5.96
2014-07-31	236,327	8,625	6.31	12.37	3.50	4.49	0.9200	6.86
2013-07-31	209,281	5,086	3.72	13.58	3.50	6.93	0.8900	4.18
2012-07-31	236,612	10,261	7.50	6.27	3.50	7.45	0.8900	8.43
2011-07-31	192,059	2,548	1.86	30.11	2.00	3.57	0.8300	2.24
2010-07-31	227,414	13,924	10.41	7.40	7.50	9.74	0.8700	11.97
2009-07-31	252,657	12,297	9.48	5.28	9.00	18.00	0.8300	11.42

The group reported net profit of RM1.16 mil for the Q1 of FY2014 (the quarter ended 30 October 2014).

The company will be releasing its second quarter result by end of March 2015.

Quarter Result:

F.Y.	Quarter	Revenue ('000)	Profit before Tax ('000)	Profit Attb. to SH ('000)	EPS (Cent)	DPS (Cent)	NAPS
2015-07-31	2014-10-31	64,274	3,462	1,156	0.85	-	0.9300
2014-07-31	2014-07-31	59,946	3,383	1,706	1.25	3.50	0.9200
2014-07-31	2014-04-30	54,751	2,984	2,172	1.59	-	0.9100
2014-07-31	2014-01-31	63,878	3,615	2,481	1.85	-	0.8900
2014-07-31	2013-10-31	57,752	3,612	2,210	1.62	-	0.9000
2013-07-31	2013-07-31	54,581	-97	-1,554	-1.14	3.50	-
2013-07-31	2013-04-30	46,464	5,265	3,621	2.65	-	0.9000
2013-07-31	2013-01-31	54,319	3,289	2,212	1.62	-	0.8700
2013-07-31	2012-10-31	53,917	1,584	871	0.64	-	0.8900
2012-07-31	2012-07-31	63,516	2,749	2,275	1.66	3.50	-
2012-07-31	2012-04-30	62,107	6,411	3,589	2.62	-	0.8700
2012-07-31	2012-01-31	59,547	3,947	2,904	2.12	-	0.8500

In the October 2014 quarter, furniture making accounted for the bulk of the profit (RM3.2 mil PBT). Processing of rubber wood was the second largest contributor (RM1.22 mil PBT). Losses at renewable energy division dragged down overall group performance (LBT of RM1 mil).