Last Price Today's Change   Day's Range   Trading Volume
1.82   +0.01 (0.55%)  1.81 - 1.82  48,200
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Market Cap: 837 Million
NOSH: 460 Million
Avg Volume (4 weeks):70,335
4 Weeks Range:1.80 - 1.84
4 Weeks Price Volatility (%):
52 Weeks Range:1.80 - 2.05
52 Weeks Price Volatility (%):
Average Price Target: 1.41
Price Target Upside/Downside: -0.41
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 30-Nov-2022 [#4]  |  18-Jan-2023
Next QR | Est. Ann. Date: 28-Feb-2023  |  13-Apr-2023
T4Q P/E | EY: 19.70  |  5.07%
T4Q DY | Payout %: 9.34%  |  184.06%
T4Q NAPS | P/NAPS: 1.0968  |  1.66
T4Q NP Margin | ROE: 28.14%  |  8.42%


Date Subject
13-Oct-2022 Mplus Market Pulse - 13 Oct 2022
13-Oct-2022 Zhulian’s 3Q Net Profit Falls 20%; Declares Three Sen Dividend
14-Jul-2022 PublicInvest Research Headlines - 14 Jul 2022
14-Jul-2022 Zhulian 2Q Net Profit Up 7.63% to RM11.85 Mil, Declares Three Sen Dividend
14-Apr-2022 Mplus Market Pulse - 14 Apr 2022
14-Apr-2022 Zhulian 1Q Net Profit More Than Doubles on Gains From Land Sale, Declares Three Sen Dividend

Business Background

Zhulian Corp Bhd is an investment holding company engaged in Multi-Level Marketing, with diversified interests in the manufacturing and trading of costume and fine jewellery, consumer products, and printing. In addition, the company manufactures other products such as food and beverage products, nutritional health supplements, home technology products such as water purifier and air purifier, therapeutic bedding products, and others. The group’s operating segment is the manufacture and sale of costume jewellery and consumer products on a direct sales basis which is principally carried out in Malaysia, Thailand, Myanmar, Indonesia, and Singapore. Majority of its revenue is generated from Thailand.
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  10 people like this.
stockraider Posted by Mikecyc > Jun 26, 2021 11:34 AM | Report Abuse


Sapnrg 0.135 ( 26/6/21 ) vs Jkgland 0.105

Insas 0.895 vs Zhulian 1.90
26/06/2021 11:42 AM
yuhang99 https://investmiles.blogspot.com/2021/07/zhulianzhulian-80-zhulianmlm-1989-mlm.html
10/07/2021 4:56 PM
bobvic96 bobvic96 yuhang99

When someone writes a blog like this about a company, it worries me. While it is only positive rather than blatantly ramping such as those about ARBB and AGES, why is there a need to write anything about Zhulian?

It can be seen on this chat the investors tend to keep quiet and just await the expected good dividend.

Is there something wrong in the company that someone feels the need to try and preempt a selldown? Does anyone have views on this?

A quick check on yuhang99 appears that he/she does promote/ link the investmiles blogs a lot.

PS, this counter holds a significant percentage in my portfolio.
11/07/2021 11:28 PM
yuhang99 good luck then
12/07/2021 11:11 PM
Goodprofit only produks call sell 3 in 1 ginseng coffee only another than that not really works too expensive
14/07/2021 6:29 PM
Goodprofit their too old already needs fresh team management team without any new ideas at all.
14/07/2021 6:31 PM
1009 感恩Zhulian,依然给不错的股息红利。
14/07/2021 7:36 PM
Goodprofit already drop sales Thailand & Cambodia at according to the situation over there.
15/07/2021 8:15 AM
Goodprofit Supposed listing Thailand Zhulian but delay already
15/07/2021 8:16 AM
King325462 e-commerce..
09/08/2021 12:52 PM
King325462 if buy today....got entitlement for divident?
09/08/2021 12:53 PM
junkit 马来西亚股市中的高股息股:
28/09/2021 6:44 PM
Jack888 Dividend coming soon.
13/10/2021 8:51 AM
MikeAl Another 3 sen dividen for last qtr although YOY profit dropped 500+k
13/10/2021 5:26 PM
MikeAl ok lor.. boleh beli KFC...
13/10/2021 5:27 PM
1009 《…ZHULIAN…》

回顾期内,集团的收入为 1.161 亿令吉,较去年同期的 1.271 亿令吉减少 9%。

上一年同期部分跨越在世界卫生组织于 2020 年 3 月 11 日宣布冠状病毒 (COVID-19) 爆发为大流行病之前,此后造成严重的全球社会和经济混乱和不确定性,包括集团经营的市场。

回顾期内,股本联营公司的利润份额为 1,150 万令吉,比去年同期的 1,030 万令吉增加 12%。 增加的主要原因是部分上年度投资成本减值,本年度不再发生。

回顾期内的税前利润为 4,060 万令吉,较去年同期的 4,310 万令吉减少 6%。

截至 2021 年 8 月 31 日,集团的总资产为 6.030 亿令吉,较截至 2020 年 11 月 30 日止的上一财政年度的 6.325 亿令吉减少了 2950 万令吉。 减少的主要原因是截至 2020 年 11 月 30 日止财政年度的特别股息于 2021 年 3 月 10 日支付。

截至 2021 年 8 月 31 日,集团的总负债为 4320 万令吉,比截至 2020 年 11 月 30 日的上一财政年度的 4660 万令吉减少了 340 万令吉。

截至 2021 年 8 月 31 日,集团的总股本为 5.598 亿令吉,比截至 2020 年 11 月 30 日止的上一个财政年度的 5.86 亿令吉减少了 2620 万令吉。

集团于 2021 年 8 月 31 日的每股普通股净资产为 1.22 令吉。

截至 2021 年 8 月 31 日,集团的现金和现金等价物为 2.387 亿令吉,比截至 2020 年 11 月 30 日的上一个财政年度的 1.917 亿令吉增加了 4700 万令吉。

经营活动的现金流入净额为 1.103 亿令吉,主要来自联营公司的股息。

投资活动的净现金流入为 120 万令吉。

用于融资活动的净现金流出为 6,450 万令吉,主要是支付给集团股东的股息。
13/10/2021 6:22 PM
1009 【Consolidated Statement of Profit or Loss and Other Comprehensive Income】
The Group’s revenue for the period under review was RM116.1 million, a decrease of 9% as compared topreceding year corresponding period of RM127.1 million.

Preceding year corresponding period partially spanned before the World Health Organization declared the Coronavirus (COVID-19) outbreak to be a pandemic on 11 March 2020, which has since caused severe global social and economic disruptions and uncertainties, including markets where the Group operates.

Share of profit of equity-accounted associate for the period under review was RM11.5 million, an increase of 12% as compared to preceding year corresponding period of RM10.3 million. The increase was mainly attributable to impairment of certain investment cost recorded in preceding year of which no longer recurs in the current year.

Profit before tax for the period under review was RM40.6 million, a decrease of 6% as compared to preceding year corresponding period of RM43.1 million.

【Consolidated Statement of Financial Position】
The Group’s total assets as at 31 August 2021 was RM603.0 million, a decrease of RM29.5 million from last financial year ended 30 November 2020 of RM632.5 million. The decrease was mainly attributable to the special dividend in respect of the financial year ended 30 November 2020 paid on 10 March 2021.

The Group’s total liabilities as at 31 August 2021 was RM43.2 million, a decrease of RM3.4 million from last financial year ended 30 November 2020 of RM46.6 million.

The Group’s total equity as at 31 August 2021 was RM559.8 million, a decrease of RM26.2 million from last financial year ended 30 November 2020 of RM586.0 million.

The Group’s net asset per ordinary share as at 31 August 2021 was RM1.22.

【Consolidated Statement of Cash Flows】
The Group’s cash and cash equivalents as at 31 August 2021 was RM238.7 million, an increase of RM47.0 million from last financial year ended 30 November 2020 of RM191.7 million.

The net cash inflow from the operating activities was RM110.3 million, substantially contributed by dividend received from an associate.

The net cash inflow from the investing activities was RM1.2 million.

The net cash outflow used in financing activities was RM64.5 million, mainly dividends paid to shareholders of the Group.
13/10/2021 6:23 PM
1009 整体来说,还是蛮不错的表现,尤其在6-7月期间,亚洲区面临严峻挑战和高峰期疫情爆发,速远团队依然努力奋斗,交出还是不错的业绩,加油…期待继续更好的一天。
13/10/2021 6:26 PM
Goodprofit actually this company inside management team as family members without any fresh ideas or creative on business stick old idea. no fresh lead new business and long run no good.
14/10/2021 7:01 AM
1009 直销这玩意都是以不变胜万变。






14/10/2021 11:13 AM
Jack888 Dividend more than 8%
15/10/2021 4:10 PM
Invest123 Above RM2 soon
15/10/2021 4:37 PM
bobvic96 Invest123 Above RM2 soon
15/10/2021 4:37 PM

Please advise your reasoning for this prediction
16/10/2021 11:55 AM
TonyChua88 No point invest in this counter, their Glory age already OVER....better buy TOPGLOVE , Soon this counter price will back to Glory age trust us...TOPGLOVE this month will rose to price RM4.50....Come IB together we Push up the price to more higher than RM5.00.
17/10/2021 11:31 AM
1009 很多人依然搞不明白,为什么手套股依然一直在调整,且一直无法持续往上上涨的动力呢?最主要的原因,手套的售价开始要恢复2019年销售状态,而当年的Topglov股价在$5以下,但现在是 2.76 X 3 = $8.28,近乎比2019年贵了接近1倍。






17/10/2021 5:16 PM
Jack888 Buy now ...keep for the next quarter...tomorrow will be better. (明天会更好)
18/10/2021 6:49 AM
Goodprofit Chairman is stay in singapore not in our country
20/10/2021 8:45 PM
Kon Lim Chai I thought the largest shareholder has resigned at least 2 years ago? Anyway, 3 sen interim and 5 sen special dividend is for sure in next dividend announcement.
11/12/2021 1:48 PM
bhtay23 When is the dividend time
06/01/2022 3:59 PM
Kon Lim Chai Dividend announcement next week. Can expect interim 3 sen plus special 5 sen
12/01/2022 8:23 PM
Goodprofit Maybe they need 200 milo to built new factory at bayan lepas next to Jabil Plot 58
15/01/2022 11:40 AM
Goodprofit pilling works go to starts but without open tender , public listed company can like that ?
15/01/2022 11:42 AM
1009 感恩…3+5特别股息
19/01/2022 5:51 PM
Jack888 Better than bank FD.... buy more.
21/01/2022 3:41 PM
21/01/2022 8:06 PM
Jack888 要起飞 啰!!
04/02/2022 10:22 AM
Jack888 Next resistance 2.20 ??
07/02/2022 2:46 PM
3101575000 Qrt result will release soon.
12/04/2022 8:32 PM
1009 感恩..Zhulian,再度稳稳的高股息,虽然卖了印尼地皮获利1440万,但在盈利也还是表现相当不错。希望再接再厉,越做越强。
13/04/2022 5:47 PM
1009 由于在 2021 年 6 月至 2021 年 9 月期间采取了严格的封锁措施,马来西亚经济在2021 年第二季度增长 16.1% 后,在 2021 年第三季度收缩了 4.5%。

随着消费者转向网上购物,我们产品的市场需求受到一定影响。 作为回应,我们在锁定期间推迟了产品发布计划,以重新评估我们的整体业务战略。 我们对当地市场的新方法设法增加了令人鼓舞的收入; 然而,泰国和柬埔寨市场也未能幸免于疫情的影响。

总体而言,我们在 2021 财年的出口收入减少了 20%,被 2021 财年本地收入增长 21% 所抵消与上一年相比。 泰国市场仍然是最大的贡献者,产生约 64% 的集团 2021 财年收入。

我们的产品仍然可行,特别是在多年来强烈的情感联系培养的消费者忠诚度的支持下。 此外,我们广泛的产品供应能够满足各种消费者的需求,例如在健康危机时期对保健品的需求非常旺盛。 我们的收入构成主要包括食品和饮料产品,这有助于总收入的 37%; 其次是营养保健产品,占总收入的 26%,个人护理产品占 18%,珠宝产品占总收入的 10%。

截至 2021 财年末,集团传销业务网络包括 250 家授权代理商、经销商、零售商和分支机构。 他们反过来为东南亚的 269,810 名经销商提供服务。



平均每月提供$10美元销售= 269,810 x 10usd x 12
= 32,377,200usd x 4.40汇率=142,459,680马币


目前平均大约10% 经销商每月完成$100usd合格销售



17/05/2022 8:07 PM
WinBigOrLoseAll for now better buy the high divvy stocks, zhulian is one of the best stocks paying high divvy
18/05/2022 6:25 PM
Wow123 my point of view their management team all are family & relatives how to improve on R&D. 2. Jewellery totally can't sell 3. Homecare products do not sell much only Ginseng coffee. onside factory in Plot 3 is almost empty and plot 42 on fake Jewellery, Water Filter, detergent & Toothpaste.
20/05/2022 7:36 PM
dragon328 Zhulian offers good dividend but AEON may have more surprises

24/05/2022 11:13 AM
1009 公司的营收开始有一点的成长小迹象
13/07/2022 6:01 PM
1009 在全球的通膨之下..


12/10/2022 6:44 PM
Goodprofit Hi 1009 , don't dream management teams can achieve & an inventory for new products, impossible at the moment.
13/10/2022 9:42 AM
DividendGuy67 After its Q3/2022 quarterly report showing YTD Operating Cashflow of only 16m, market sentiment has changed and now becomes fearful, so, I think we may have seen a peak, unless next quarterly report can show substantially higher Operating Cashflow. Zhu Lian's yearly dividend payment cost is around 78m, to maintain its high dividend. If you linearly extrapolate 16m to full year, that is only 22m so, it will have to dip into its Net Cash chest. If you look at its Net Cash recently, it continues to decline as it dips into its Net Cash. So, you have to be confident that Zhu Lian can stop its Net Cash from declining, else, soon, it will have to cut its high dividends as it is not sustainable to keep paying 78m in dividends every year when operating cash inflow is much smaller. I suspect this stock can keep falling before it gets better, unless somebody knows that its underlying business will turn around. It's not fully without risk. Looking at its business, 37% revenues from Food and Beverages, 26% Health Nutritionals, 18% Personal Care, 10% jewelry, 9% others. The Covid pandemic has hurt its business, some temporary, some permanent because of consumer shifts to online purchasing. 70% of its revenue is exported to Thailand. So, hard to get an edge here and most players look at the Operating Cashflow as proof of a turnaround. The comparable number of this year's 16m is last year's >100m Operating Cashflow, so, that's a big big drop from last year. Even net of cash, based on last year's earnings, the business is priced at a P/E of 15 at RM1.91, meaning if this doesn't grow, then, it's rather expensive. I think this is why market doesn't know and price has been sideways range for 18 months. I like to think the next direction is up as Operating Cash of 16m is already so low, but who knows ... if that number keeps staying low, price can fall. Because of the uncertainty, a dividend investor's protection is to keep the total ownership of Zhulian to a small % of its portfolio, so that poor returns will not significantly impact one's dividend's portfolio.
15/10/2022 5:34 PM
Goodprofit sooner or later price sure fall due to now at moment no new products

28/10/2022 6:17 PM
pang72 Negative QR..
Dividend trap
18/01/2023 6:35 PM
Goodprofit next also Q also at
loss due to no new inventory
19/01/2023 9:18 AM

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