KLSE: JAYCORP (7152)       JAYCORP BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
0.705   -0.005 (0.70%)  0.705 - 0.71  36,400
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Market Cap: 194 Million
NOSH: 275 Million
Avg Volume (4 weeks):91,875
4 Weeks Range:0.67 - 0.72
4 Weeks Price Volatility (%):
52 Weeks Range:0.65 - 0.78
52 Weeks Price Volatility (%):
Average Price Target: 0.66
Price Target Upside/Downside: -0.045

Financial Highlight

Latest Quarter | Ann. Date 31-Jan-2023 [#2]  |  22-Mar-2023
Next QR | Est. Ann. Date: 30-Apr-2023  |  16-Jun-2023
T4Q P/E | EY: 7.55  |  13.25%
T4Q DY | Payout %: 11.11%  |  83.82%
T4Q NAPS | P/NAPS: 0.6853  |  1.03
T4Q NP Margin | ROE: 9.71%  |  13.63%


Date Subject
20-Jan-2023 Technical Buy - JAYCORP (1752)
30-Sep-2022 Jaycorp (HOLD, Maintain) - Dampened by Lower Core Businesses Performance

Business Background

JayCorp Bhd is engaged in the business of investment holding and provision of management services. The company operates in five business segments which include Rubberwood furniture, Packaging, Processing of rubber wood, General trading and the Others segment. The Rubberwood furniture segment manufactures and sells rubberwood furniture. Its Packaging segment is involved in the conversion of corrugated boards into carton boxes. The Processing of rubberwood segment engages in pressure treatment and kiln-drying of rubberwood. The General trading segment sells construction materials. The Other segment comprises of the provision of transportation services, property letting, and printing.
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  8 people like this.
Samuelgold Rm 2.00 is coming
13/04/2021 8:17 PM
dolphin8838 why the plunge in early trade ?
14/04/2021 10:13 AM
fms016 Good for long term..Capital and dividend can growth more than 100% per year..
17/04/2021 8:22 AM
Garmadon anyone know when is next dividend? plan to collect for dividend
28/04/2021 5:51 PM
fms016 Maybank already paid the dividend..FSMONE when?? my share already dispose on next day they declare the ex dividend date..
30/04/2021 8:57 AM
johnhuathuat hmm thinking of buying this. should wait or should buy
05/05/2021 12:50 PM
moneycome123456 FURNITURE manufacturer Jaycorp Bhd is one of the companies that are thriving in the Covid-19 economy. Tightening international border controls and a ban on interstate travel in response to the pandemic have led to a reversal in the company’s fortunes as people spend more time in their homes and money on home furniture products.

Backed by strong orders, the company is confident of beating its previous earnings record of RM24.69 million achieved in its financial year ended July 31, 2017 (FY2017). In fact, Jaycorp’s net profit of RM22.45 million for 1HFY2021 has exceeded that for the past three financial years (FY2020-FY2018) of RM17.4 million, RM19.82 million and RM10.29 million respectively.

Its executive director Muaz Jema Anton Khan expects the company to report its “best-ever year” as earnings have improved substantially amid the Covid-19 stay-at-home orders.

“The local market has been good because of the pandemic. [That’s because] a large chunk of disposable income now goes to home furnishings instead of being used for travelling, as people are stuck at home. This is very different from pre-pandemic,” Muaz tells The Edge.

Still, the Covid-19 outbreak had initially impacted Jaycorp’s earnings when the first Movement Control Order (MCO) was imposed in March last year, forcing the company to temporarily shut down operations. As a result, Jaycorp saw its net profit fall 12.2% to RM17.4 million in FY2020 from RM19.82 million in FY2019, while revenue was down 3.9% to RM309.35 million from RM321.95 million in the same period.

The weaker performance in FY2020 was also because of its kiln-drying segment posting a pre-tax loss of RM3.39 million versus the pre-tax profit of RM339,000 in FY2019 as a result of a write-down of inventories in the Malaysian subsidiary and a provision for employee benefits and tax penalty expenses in the Indonesian subsidiary.

Muaz explains that it was quite difficult for Jaycorp’s customers to physically look at its products or new models given the lockdown, adding that its major markets are Japan and South Korea.

“Customers generally want to come to the factory and see our products, particularly the new models. But we’ve adapted by having a digital showroom now. The pandemic has actually shown us that we need to modernise our operations.

“As such, we’ve become much more proficient in delivering our value proposition online even though some of our factories are quite remote,” he says.

The company also works closely with its customers in terms of product development. “We’re always trying to go up the value chain … trying to do higher-margin products and also looking at what is selling, as well as the market trends. At the same time, we will also try new designs and see how that works,” he adds.

Last month, Jaycorp had to halt operations at two of its factories in Johor for 10 days for sanitisation purposes as some of its employees tested positive for Covid-19. Muaz, however, says the temporary shutdown will not have any material impact on the company’s financial performance. “There will only be a delay (in orders), but I think we will be able to catch up quite quickly.”

While orders and queries from customers are robust, Muaz says it is difficult to gauge whether the trend will last until after the pandemic. “For instance, my consumption of delivery food has increased a lot, but once we come out of the pandemic, am I going to stop ordering food? No, I actually think I would probably order slightly more than I did before the lockdown because we already have that sort of behaviour ingrained in us.

“So, I don’t think there will be a massive drop (in sales), but it is hard to say.”

Expanding manufacturing capacity on the cards
While Muaz notes that Jaycorp is open to taking new orders, the manufacturing capacity of its furniture division is already running at over 90%. Thus, it is “quite difficult” now to take on new customers that have substantial volume orders, he says.

“We are always looking at expanding our capacity, but I think, given the current situation, the priority is shifting towards automation.

“Traditionally, the manufacturing business has been quite labour-intensive, so we are looking at new technologies that could essentially reduce the manpower,” says Muaz.

Jaycorp has set aside RM5 million to RM6 million in capital expenditure (capex) mainly for the purchase of new machines, which will be funded via 70% internal funds and 30% borrowings.

As at Jan 31, 2021, Jaycorp had a cash balance of RM52.57 million and borrowings of RM27.42 million, leading to a net cash position of RM25.15 million.

Muaz says the company will be cautious about spending as the uncertainty will linger for some time. “We are open to any merger and acquisition for our furniture division, but it will depend on the valuation and what capability the (acquisition target) can bring to the group.”

Setting a dividend policy
Despite not having a dividend policy, Jaycorp has been consistently pay
12/05/2021 6:50 PM
rachelteh moneycome123456 Hi may i know where do you get the info? Beginner trying to learn more from the senior here:)
18/05/2021 2:38 PM
moneycome123456 Rachelte, just download klse screener, there have many info.
19/05/2021 9:47 AM
oldbeginner Result just out . Superb
29/06/2021 8:02 PM
chillibumbum very good qr again. end of year dividend will be huge
30/06/2021 9:11 AM
bktay123 buy
08/09/2021 10:04 AM
MikeAl 1.86 highest.. sell it off already
08/09/2021 10:27 AM
Samuelgold What happened, y spike up so sudden
08/09/2021 11:55 AM
stocking exceptional good quarter
08/09/2021 12:24 PM
MikeAl final qtr were usually good qtr for jaycorp.. buyers speculating another good dividend payment for final Qtr of FY ended July 2021
09/09/2021 10:32 AM
bgbk3010 this stocks heavily pegged to the US dollars
09/09/2021 11:26 AM
Jack888 uptrend.... coming soon.
13/09/2021 4:09 PM
kfbusjd ... who run faster who safe.
29/09/2021 6:31 PM
kfbusjd qr boom
29/09/2021 6:31 PM
Samuelgold Accumulate time
30/09/2021 9:06 AM
bktay123 RM2 million loss only
30/09/2021 9:10 AM
MikeAl 9 sen drop because they did not declare any dividend?
30/09/2021 9:25 AM
SpencerW Not bad at all .... losses only from kiln drying. The other manufacturing businesses remained profitable even though closed for 2 out of 3 months due to lockdown! This quarter should be better with manufacturing back to production since end Aug (i.e. will be operating for 2 out of 3 months in this current quarter). Management must be confident of recovery to declare 5.5 sen final dividend.
30/09/2021 9:27 AM
Invest_888 SUBUR(6904) is the best furniture stock with oil palm estate, it is only 82.5cent. Big discount!!!
Latest financial quarterly result, EPS= 10.29 cent, NAV= RM3.07. Can consider to buy it.
30/09/2021 10:06 PM
Patrick13 1 to 1 bonus issue coming!
21/10/2021 5:33 PM
moneycome123456 Yea, bonus coming
21/10/2021 6:57 PM
worktoinvest More show soon. Go go go
22/10/2021 10:14 AM
ipohwhitecoffee looks like a trap. better cut lost fast
22/10/2021 10:44 AM
moneySIFU Bought @ 1.66 & in 2 weeks times sold @ RM1.91 with 15% gain.

thank you for the bonus.
22/10/2021 5:13 PM
moneySIFU Though still don't understand why market still react to the bonus issue, but not bad to existing holders.

Congratulations to all existing shareholders.
22/10/2021 5:14 PM
valuewood11 if continue pay same dividend after bonus, it will be high yield dividend stocks
23/10/2021 12:42 AM
moneycome123456 It will pay div 1st, after tat bonus issue at next year 1st quarter.
24/10/2021 5:22 PM
James Ng https://klse.i3investor.com/blogs/general/2021-10-24-story-h1592859191.jsp
[转贴] [Video:浅谈JAYCORP BHD, JAYCORP, 7152] - James的股票投资James Share Investing
24/10/2021 7:53 PM
jiamuksy My take on the intrisic value beofre and after the bonus issue.

25/10/2021 5:33 PM
moneySIFU May it go back to the level before bonus issue? Let’s see
26/10/2021 10:40 AM
moneySIFU 1 week trip
27/10/2021 6:23 PM
ipohwhitecoffee see, obvious trap. who bought 2.00 really Holland.

People bonus is Limit up, this one bonus is trap ppl. Lousy stock. Jz avoid.
27/10/2021 8:02 PM
Dakewlest Does Anyone know why jaycorp incurred loss last quarter?
05/11/2021 12:45 AM
moneySIFU Price up....... Result announced soon?
08/11/2021 3:40 PM
peter Too Buy in.dividend.6.5.%.good.counter..1.72.Buy in hold
09/11/2021 11:39 AM
Jack888 Bonus issue approved..?
16/11/2021 8:54 AM
Samuelgold Dividend 0.055 notbad
16/11/2021 7:48 PM
peter Too Buy in 1.72.how in good counter.lol
20/01/2022 5:42 PM
peter Too Buy in pharmaniaga 7018.=0.85. High dividend.hold until 3.00 plus lol
24/02/2022 2:48 AM
killdavid why suddenly dropped ? Anything changed ?
11/03/2022 5:09 PM
peter Too Bonus and dividend.......Eat money counter....
11/03/2022 6:54 PM
frankco dividend cash cow . keep it up Jaycorp..!
26/11/2022 4:38 PM
yongyong88 next stop 0.80. div 4c, accumulate for captital appreciation and consistent dividend... small gem
14/12/2022 9:41 AM
yongyong88 Drop below 0.70 with low volume. Are insiders selling? Expected to announce qr ending 31 Dec 22 in a few days. Bad qr coming?
20/03/2023 5:23 PM

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