Latest news with #RM2.7m
The Sun
2 days ago
- Sport
- The Sun
Carlsberg Golf Classic swings into it's 32nd year with bigger thrills
MALAYSIA'S most iconic amateur golf tournament is back and bigger than ever. Carlsberg Golf Classic (CGC) returns for its 32nd edition, bringing with it RM2.7m in prizes, 32 qualifying rounds nationwide, and a grand finale on one of Asia's most elite courses – the West Course at Kuala Lumpur Golf & Country Club (KLGCC). More than just a competition, CGC has become a rite of passage for Malaysia's golfing community. Through its ongoing commitment to the golfing scene, Carlsberg continues to grow the game from the grassroots up, hosting tournaments that are inclusive, sociable, and true to the enjoyment of the sport. Participants can always expect not just top-tier prizes, but also top-tier hospitality, camaraderie, and a tournament environment that is sure to last a lifetime. From avid golfers to casual fans, CGC is designed to deliver a holistic experience on and off the course – pairing the spirit of competition with #BestWithCarlsberg moments of celebration, over a well-earned ice-cold beer. 'For over three decades, the Carlsberg Golf Classic has stood as a symbol of our dedication to the golfing community. It goes beyond the game – it's about passion, friendships, and unforgettable moments shared on the green. This year, we're proud to raise the bar yet again with unmatched prizes and experiences. We believe great things happen when the love of golf meets the enjoyment of a perfectly brewed Carlsberg. That's what makes it truly #BestWithCarlsberg,' said Stefano Clini, Managing Director of Carlsberg Malaysia. From June to October, over 3,600 golfers will tee off across 32 clubs nationwide – including 16 in Klang Valley, seven in the South, five in East Malaysia, and four in the North. Making a return to this year's lineup is A'Famosa Golf Resort in Malacca, adding to the diverse mix of championship courses and enriching the Southern leg of the series. The journey culminates on 7 November at KLGCC, where 32 National Finalists will play on a course prepped to professional standards just days after the LPGA's biggest stars. This year, CGC also boasts its strongest sponsor lineup yet. New to the roster is Auto Bavaria (BMW), offering two BMW iX2 xDrive30 M Sport models (worth RM299,600 each) as Hole-in-One prizes at the National Final – setting the tone for high performance and power both on the course and in the prize pool. Returning powerhouses adidas, TaylorMade, and Garmin are bringing their A-game to the fairway with prizes that blend innovation, performance, and style. Golfers can look forward to suiting up in the adidas Dress Like a PRO kit (worth RM5,000), delivering the sleek confidence of a tour pro. Swinging into the spotlight are TaylorMade's premium Qi Diamana Blue Irons Set (worth RM7,600) and the ultra-modern Sport Modern Cart Bag (worth RM1,490), crafted for golfers who want their gear to match their game. For the tech-savvy golfer, Garmin's Approach R50 Golf Simulator & Launch Monitor (worth RM23,999) offers real-time data and precision – bringing next-level performance straight to your fingertips. njecting fresh energy into the lineup are Vespa and Le Botanical. Vespa infuses the competition with unmistakable Italian flair, offering a Vespa Primavera (valued at RM19,900) as a Hole-in-One prize during the qualifying rounds and a stylish Vespa Sprint (valued at RM20,500) for the National Final. Both prizes come with 12 cartons of Carlsberg for anyone lucky and skilled enough to snag them. Meanwhile, Le Botanical, a natural sunscreen, provides golfers with everyday sun protection on and off the course. From the first drive at Bukit Jawi Golf Resort in Penang to the final putt at the high-stakes National Final in Kuala Lumpur, CGC promises an exhilarating journey. Each round is set to deliver not just fierce competition, but also moments of kinship, celebration, and the unmistakable joy of the game – all made #BestWithCarlsberg. Whether you're aiming for a low score or that once-in-a-lifetime Hole-in-One, CGC 2025 is your chance to make it count. Visit the respective golf club houses to learn more about the competition, and follow @CarlsbergMalaysia on Facebook and Instagram for exclusive content.
Yahoo
26-02-2025
- Business
- Yahoo
Malpac Holdings Berhad's (KLSE:MALPAC) Solid Earnings May Rest On Weak Foundations
Malpac Holdings Berhad's (KLSE:MALPAC) healthy profit numbers didn't contain any surprises for investors. However the statutory profit number doesn't tell the whole story, and we have found some factors which might be of concern to shareholders. View our latest analysis for Malpac Holdings Berhad To properly understand Malpac Holdings Berhad's profit results, we need to consider the RM2.7m gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's as you'd expect, given these boosts are described as 'unusual'. We can see that Malpac Holdings Berhad's positive unusual items were quite significant relative to its profit in the year to December 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Malpac Holdings Berhad. As we discussed above, we think the significant positive unusual item makes Malpac Holdings Berhad's earnings a poor guide to its underlying profitability. As a result, we think it may well be the case that Malpac Holdings Berhad's underlying earnings power is lower than its statutory profit. The good news is that it earned a profit in the last twelve months, despite its previous loss. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you'd like to know more about Malpac Holdings Berhad as a business, it's important to be aware of any risks it's facing. For example, we've found that Malpac Holdings Berhad has 5 warning signs (3 are a bit unpleasant!) that deserve your attention before going any further with your analysis. Today we've zoomed in on a single data point to better understand the nature of Malpac Holdings Berhad's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
22-02-2025
- Business
- Yahoo
With A Return On Equity Of 7.1%, Has Seremban Engineering Berhad's (KLSE:SEB) Management Done Well?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Equity (ROE). To keep the lesson grounded in practicality, we'll use ROE to better understand Seremban Engineering Berhad (KLSE:SEB). Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. View our latest analysis for Seremban Engineering Berhad The formula for ROE is: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Seremban Engineering Berhad is: 7.1% = RM2.7m ÷ RM38m (Based on the trailing twelve months to September 2024). The 'return' is the amount earned after tax over the last twelve months. One way to conceptualize this is that for each MYR1 of shareholders' capital it has, the company made MYR0.07 in profit. Arguably the easiest way to assess company's ROE is to compare it with the average in its industry. Importantly, this is far from a perfect measure, because companies differ significantly within the same industry classification. The image below shows that Seremban Engineering Berhad has an ROE that is roughly in line with the Machinery industry average (7.1%). That's neither particularly good, nor bad. Even if the ROE is respectable when compared to the industry, its worth checking if the firm's ROE is being aided by high debt levels. If true, then it is more an indication of risk than the potential. Our risks dashboardshould have the 4 risks we have identified for Seremban Engineering Berhad. Virtually all companies need money to invest in the business, to grow profits. That cash can come from retained earnings, issuing new shares (equity), or debt. In the first two cases, the ROE will capture this use of capital to grow. In the latter case, the use of debt will improve the returns, but will not change the equity. Thus the use of debt can improve ROE, albeit along with extra risk in the case of stormy weather, metaphorically speaking. Seremban Engineering Berhad clearly uses a high amount of debt to boost returns, as it has a debt to equity ratio of 1.05. With a fairly low ROE, and significant use of debt, it's hard to get excited about this business at the moment. Debt does bring extra risk, so it's only really worthwhile when a company generates some decent returns from it. Return on equity is useful for comparing the quality of different businesses. In our books, the highest quality companies have high return on equity, despite low debt. If two companies have the same ROE, then I would generally prefer the one with less debt. But ROE is just one piece of a bigger puzzle, since high quality businesses often trade on high multiples of earnings. The rate at which profits are likely to grow, relative to the expectations of profit growth reflected in the current price, must be considered, too. You can see how the company has grow in the past by looking at this FREE detailed graph of past earnings, revenue and cash flow. But note: Seremban Engineering Berhad may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
28-01-2025
- Business
- Yahoo
Why Jati Tinggi Group Berhad's (KLSE:JTGROUP) Earnings Are Weaker Than They Seem
Strong earnings weren't enough to please Jati Tinggi Group Berhad's (KLSE:JTGROUP) shareholders over the last week. We did some digging and found some underlying numbers that are worrying. View our latest analysis for Jati Tinggi Group Berhad Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While it's not a problem to have a positive accrual ratio, indicating a certain level of non-cash profits, a high accrual ratio is arguably a bad thing, because it indicates paper profits are not matched by cash flow. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. Jati Tinggi Group Berhad has an accrual ratio of 0.61 for the year to November 2024. Statistically speaking, that's a real negative for future earnings. To wit, the company did not generate one whit of free cashflow in that time. Over the last year it actually had negative free cash flow of RM24m, in contrast to the aforementioned profit of RM9.67m. It's worth noting that Jati Tinggi Group Berhad generated positive FCF of RM2.7m a year ago, so at least they've done it in the past. Unfortunately for shareholders, the company has also been issuing new shares, diluting their share of future earnings. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Jati Tinggi Group Berhad. To understand the value of a company's earnings growth, it is imperative to consider any dilution of shareholders' interests. In fact, Jati Tinggi Group Berhad increased the number of shares on issue by 39,080% over the last twelve months by issuing new shares. As a result, its net income is now split between a greater number of shares. Per share metrics like EPS help us understand how much actual shareholders are benefitting from the company's profits, while the net income level gives us a better view of the company's absolute size. Check out Jati Tinggi Group Berhad's historical EPS growth by clicking on this link. Jati Tinggi Group Berhad has improved its profit over the last three years, with an annualized gain of 34% in that time. In contrast, earnings per share were actually down by 100% per year, in the exact same period. And the 146% profit boost in the last year certainly seems impressive at first glance. On the other hand, earnings per share are only up 104% in that time. Therefore, one can observe that the dilution is having a fairly profound effect on shareholder returns. Changes in the share price do tend to reflect changes in earnings per share, in the long run. So it will certainly be a positive for shareholders if Jati Tinggi Group Berhad can grow EPS persistently. But on the other hand, we'd be far less excited to learn profit (but not EPS) was improving. For that reason, you could say that EPS is more important that net income in the long run, assuming the goal is to assess whether a company's share price might grow. In conclusion, Jati Tinggi Group Berhad has weak cashflow relative to earnings, which indicates lower quality earnings, and the dilution means its earnings per share growth is weaker than its profit growth. On reflection, the above-mentioned factors give us the strong impression that Jati Tinggi Group Berhad'sunderlying earnings power is not as good as it might seem, based on the statutory profit numbers. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. To that end, you should learn about the 4 warning signs we've spotted with Jati Tinggi Group Berhad (including 2 which are potentially serious). Our examination of Jati Tinggi Group Berhad has focussed on certain factors that can make its earnings look better than they are. And, on that basis, we are somewhat skeptical. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
