Highlights
KLSE: ZHULIAN (5131)       ZHULIAN CORPORATION BHD MAIN : Consumer
Last Price Today's Change   Day's Range   Trading Volume
1.43   -0.02 (1.38%)  1.40 - 1.45  349,600
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Financials


Market Cap: 658 Million

Market Cap 658 Million
NOSH 460 Million

Latest Audited Result:  30-Nov-2023

Latest Audited Result: 30-Nov-2023
Announcement Date 27-Mar-2024
Next Audited Result: 30-Nov-2024
Est. Ann. Date: 27-Mar-2025
Est. Ann. Due Date: 29-May-2025

Latest Quarter:  29-Feb-2024 [#1]

Latest Quarter: 29-Feb-2024 [#1]
Announcement Date 17-Apr-2024
Next Quarter: 31-May-2024
Est. Ann. Date: 12-Jul-2024
Est. Ann. Due Date: 30-Jul-2024
QoQ | YoY   -5.85%  |    -7.23%

Annual (Unaudited) ( EPS: 6.35, P/E: 22.51 )

Revenue | NP to SH 132,368  |  29,237
RPS | P/RPS 28.76 Cent  |  4.97
EPS | P/E | EY 6.35 Cent  |  22.51  |  4.44%
DPS | DY | Payout % 12.99 Cent  |  9.08%  |  204.54%
NAPS | P/NAPS 1.00  |  1.42
YoY   -23.69%
NP Margin | ROE 22.09%  |  6.33%
F.Y. | Ann. Date 30-Nov-2023  |  24-Jan-2024

T4Q Result ( EPS: 6.24, P/E: 22.90 )

Revenue | NP to SH 128,709  |  28,743
RPS | P/RPS 27.96 Cent  |  5.11
EPS | P/E | EY 6.24 Cent  |  22.90  |  4.37%
DPS | DY | Payout % 13.00 Cent  |  9.09%  |  208.08%
NAPS | P/NAPS 0.98  |  1.47
QoQ | YoY   -1.69%  |    23.99%
NP Margin | ROE 22.33%  |  6.40%
F.Y. | Ann. Date 29-Feb-2024  |  17-Apr-2024

Annualized Result ( EPS: 5.52, P/E: 25.91 )

Revenue | NP to SH 115,564  |  25,408
RPS | P/RPS 25.11 Cent  |  5.70
EPS | P/E | EY 5.52 Cent  |  25.91  |  3.86%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -13.10%  |    -7.23%
NP Margin | ROE 21.99%  |  5.66%
F.Y. | Ann. Date 29-Feb-2024  |  17-Apr-2024


Hints :
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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Nov-2024 17-Apr-2024 29-Feb-2024 1 28,891 8,097 6,352 6,352 13,808 449,150 217.39% 21.99% 1.41% 460,289 6.28 6.28 1.38 1.38 3.00 3.00 0.9758 0.98   -5.85%   -7.23% 29-Feb-2024 1.29 20.55 93.48 1.32 1.07% 2.33% 17-Apr-2024 1.45 23.10 105.07 1.49 0.95% 2.07%
30-Nov-2023 24-Jan-2024 30-Nov-2023 4 32,189 9,272 6,747 6,747 18,400 461,977 272.71% 20.96% 1.46% 460,000 7.00 6.99 1.47 1.47 4.00 4.00 1.0043 1.00   8.89%   313.51% 30-Nov-2023 1.83 26.15 124.77 1.82 0.80% 2.19% 24-Jan-2024 1.64 23.44 111.81 1.63 0.89% 2.44%
30-Nov-2023 11-Oct-2023 31-Aug-2023 3 34,204 9,091 6,196 6,196 13,800 467,589 222.72% 18.11% 1.33% 460,000 7.44 7.43 1.35 1.35 3.00 3.00 1.0165 1.02   -34.42%   -19.00% 30-Aug-2023 1.85 24.88 137.35 1.82 0.73% 1.62% 11-Oct-2023 1.87 25.15 138.83 1.84 0.72% 1.60%
30-Nov-2023 12-Jul-2023 31-May-2023 2 33,425 9,717 9,448 9,448 13,800 476,330 146.06% 28.27% 1.98% 460,000 7.27 7.26 2.05 2.05 3.00 3.00 1.0355 1.03   37.99%   -20.24% 31-May-2023 1.82 25.05 88.61 1.76 1.13% 1.65% 12-Jul-2023 1.85 25.46 90.07 1.79 1.11% 1.62%
30-Nov-2023 12-Apr-2023 28-Feb-2023 1 32,550 8,371 6,847 6,847 13,800 476,145 201.55% 21.04% 1.44% 460,000 7.08 7.07 1.49 1.49 3.00 3.00 1.0351 1.03   316.68%   -73.82% 28-Feb-2023 1.81 25.58 121.60 1.75 0.82% 1.66% 12-Apr-2023 1.84 26.00 123.62 1.78 0.81% 1.63%
30-Nov-2022 18-Jan-2023 30-Nov-2022 4 32,246 2,707 -3,160 -3,160 36,800 504,527 - % -9.80% -0.63% 460,000 7.01 7.01 -0.69 -0.69 8.00 7.99 1.0968 1.10   -141.31%   -124.98% 30-Nov-2022 1.84 26.25 -267.85 1.68 -0.37% 4.35% 1.92 27.39 -279.49 1.75 -0.36% 4.17%
30-Nov-2022 12-Oct-2022 31-Aug-2022 3 32,955 9,948 7,649 7,649 13,800 515,246 180.42% 23.21% 1.48% 460,000 7.16 7.16 1.66 1.66 3.00 3.00 1.1201 1.12   -35.43%   -20.06% 30-Aug-2022 1.94 27.08 116.67 1.73 0.86% 1.55% 12-Oct-2022 1.91 26.66 114.86 1.71 0.87% 1.57%
30-Nov-2022 13-Jul-2022 31-May-2022 2 36,397 12,370 9,875 11,846 13,800 526,929 116.50% 27.13% 2.25% 460,000 7.91 7.91 2.15 2.57 3.00 3.00 1.1455 1.14   -54.70%   15.07% 31-May-2022 1.92 24.27 74.56 1.68 1.34% 1.56% 13-Jul-2022 1.95 24.64 75.72 1.70 1.32% 1.54%
30-Nov-2022 13-Apr-2022 28-Feb-2022 1 34,569 25,842 23,949 26,152 13,800 531,116 52.77% 69.28% 4.92% 460,000 7.52 7.51 5.21 5.68 3.00 3.00 1.1546 1.15   106.75%   103.57% 28-Feb-2022 1.91 25.42 33.60 1.65 2.98% 1.57% 13-Apr-2022 2.00 26.61 35.18 1.73 2.84% 1.50%
30-Nov-2021 19-Jan-2022 30-Nov-2021 4 33,559 10,964 12,649 12,649 36,800 561,383 290.93% 37.69% 2.25% 460,000 7.30 7.29 2.75 2.75 8.00 7.99 1.2204 1.22   32.19%   -6.67% 30-Nov-2021 1.85 25.36 67.28 1.52 1.49% 4.32% 19-Jan-2022 1.91 26.18 69.46 1.57 1.44% 4.19%
30-Nov-2021 13-Oct-2021 31-Aug-2021 3 36,669 12,553 9,569 9,569 13,800 559,773 144.22% 26.10% 1.71% 460,000 7.97 7.97 2.08 2.08 3.00 3.00 1.2169 1.22   -7.05%   -12.95% 30-Aug-2021 1.86 23.33 89.41 1.53 1.12% 1.61% 13-Oct-2021 1.87 23.46 89.89 1.54 1.11% 1.60%
30-Nov-2021 14-Jul-2021 31-May-2021 2 37,943 12,750 10,295 10,295 13,800 558,486 134.05% 27.13% 1.84% 460,000 8.25 8.24 2.24 2.24 3.00 3.00 1.2141 1.21   -19.86%   -9.36% 31-May-2021 1.85 22.43 82.66 1.52 1.21% 1.62% 14-Jul-2021 1.87 22.67 83.56 1.54 1.20% 1.60%
30-Nov-2021 14-Apr-2021 28-Feb-2021 1 41,445 15,258 12,847 12,847 13,800 561,291 107.42% 31.00% 2.29% 460,000 9.01 9.00 2.79 2.79 3.00 3.00 1.2202 1.22   -5.21%   18.20% 26-Feb-2021 1.68 18.65 60.15 1.38 1.66% 1.79% 14-Apr-2021 1.97 21.87 70.54 1.61 1.42% 1.52%
30-Nov-2020 20-Jan-2021 30-Nov-2020 4 43,600 16,413 13,553 13,553 36,800 585,948 271.53% 31.08% 2.31% 460,000 9.48 9.47 2.95 2.94 8.00 7.99 1.2738 1.27   23.29%   49.02% 30-Nov-2020 1.53 16.14 51.93 1.20 1.93% 5.23% 20-Jan-2021 1.65 17.41 56.00 1.30 1.79% 4.85%
30-Nov-2020 14-Oct-2020 31-Aug-2020 3 42,740 13,766 10,993 10,993 13,800 602,093 125.53% 25.72% 1.83% 460,000 9.29 9.29 2.39 2.39 3.00 3.00 1.3089 1.31   -3.21%   8.72% 28-Aug-2020 1.39 14.96 58.16 1.06 1.72% 2.16% 14-Oct-2020 1.51 16.25 63.19 1.15 1.58% 1.99%
30-Nov-2020 15-Jul-2020 31-May-2020 2 39,496 15,290 11,358 11,358 13,800 602,369 121.50% 28.76% 1.89% 460,000 8.59 8.58 2.47 2.47 3.00 3.00 1.3095 1.31   4.50%   -41.83% 29-May-2020 1.15 13.39 46.58 0.88 2.15% 2.61% 15-Jul-2020 1.29 15.02 52.25 0.99 1.91% 2.33%
30-Nov-2020 06-May-2020 29-Feb-2020 1 44,842 14,092 10,869 10,869 13,800 601,818 126.97% 24.24% 1.81% 460,000 9.75 9.74 2.36 2.36 3.00 3.00 1.3083 1.31   19.51%   0.72% 28-Feb-2020 1.38 14.16 58.40 1.05 1.71% 2.17% 06-May-2020 1.05 10.77 44.44 0.80 2.25% 2.86%
30-Nov-2019 22-Jan-2020 30-Nov-2019 4 39,118 13,179 9,095 9,095 27,600 614,605 303.46% 23.25% 1.48% 460,000 8.50 8.50 1.98 1.98 6.00 6.00 1.3361 1.34   -10.05%   -42.56% 29-Nov-2019 1.46 17.17 73.84 1.09 1.35% 4.11% 22-Jan-2020 1.53 17.99 77.38 1.15 1.29% 3.92%
30-Nov-2019 16-Oct-2019 31-Aug-2019 3 39,728 12,618 10,111 10,111 9,200 618,700 90.99% 25.45% 1.63% 460,000 8.64 8.63 2.20 2.20 2.00 2.00 1.3450 1.34   -48.22%   -40.90% 30-Aug-2019 1.55 17.95 70.52 1.15 1.42% 1.29% 16-Oct-2019 1.65 19.10 75.07 1.23 1.33% 1.21%
30-Nov-2019 17-Jul-2019 31-May-2019 2 52,322 24,248 19,525 19,525 9,200 606,923 47.12% 37.32% 3.22% 460,000 11.37 11.37 4.24 4.24 2.00 2.00 1.3194 1.32   80.94%   61.79% 31-May-2019 1.38 12.13 32.51 1.05 3.08% 1.45% 17-Jul-2019 1.44 12.66 33.93 1.09 2.95% 1.39%
30-Nov-2019 17-Apr-2019 28-Feb-2019 1 39,454 13,439 10,791 10,791 9,200 591,145 85.26% 27.35% 1.83% 460,000 8.58 8.57 2.35 2.34 2.00 2.00 1.2851 1.28   -31.85%   19.66% 28-Feb-2019 1.37 15.97 58.40 1.07 1.71% 1.46% 17-Apr-2019 1.39 16.21 59.25 1.08 1.69% 1.44%
30-Nov-2018 23-Jan-2019 30-Nov-2018 4 45,030 15,679 15,834 15,834 18,400 594,964 116.21% 35.16% 2.66% 460,000 9.79 9.78 3.44 3.44 4.00 4.00 1.2934 1.29   -7.44%   37.91% 30-Nov-2018 1.30 13.28 37.77 1.01 2.65% 3.08% 23-Jan-2019 1.30 13.28 37.77 1.01 2.65% 3.08%
30-Nov-2018 17-Oct-2018 31-Aug-2018 3 51,023 19,962 15,442 17,107 9,200 585,626 53.78% 30.26% 2.92% 460,000 11.09 11.08 3.36 3.72 2.00 2.00 1.2731 1.27   41.76%   17.32% 30-Aug-2018 1.44 12.98 38.72 1.13 2.58% 1.39% 17-Oct-2018 1.33 11.99 35.76 1.04 2.80% 1.50%
30-Nov-2018 18-Jul-2018 31-May-2018 2 44,017 17,544 12,068 12,068 9,200 577,714 76.23% 27.42% 2.09% 460,000 9.57 9.56 2.62 2.62 2.00 2.00 1.2559 1.26   33.82%   -1.02% 31-May-2018 1.50 15.68 57.18 1.19 1.75% 1.33% 18-Jul-2018 1.45 15.15 55.27 1.15 1.81% 1.38%
30-Nov-2018 18-Apr-2018 28-Feb-2018 1 43,336 11,399 9,018 9,018 9,200 576,839 102.02% 20.81% 1.56% 460,000 9.42 9.41 1.96 1.96 2.00 2.00 1.2540 1.25   -21.45%   -38.05% 28-Feb-2018 1.65 17.51 84.17 1.32 1.19% 1.21% 18-Apr-2018 1.47 15.60 74.98 1.17 1.33% 1.36%
30-Nov-2017 24-Jan-2018 30-Nov-2017 4 59,009 15,081 11,481 11,481 13,800 580,565 120.20% 19.46% 1.98% 460,000 12.83 12.82 2.50 2.49 3.00 3.00 1.2621 1.26   -21.26%   -43.90% 30-Nov-2017 1.80 14.03 72.12 1.43 1.39% 1.67% 24-Jan-2018 2.09 16.29 83.74 1.66 1.19% 1.44%
30-Nov-2017 11-Oct-2017 31-Aug-2017 3 49,776 17,226 14,581 14,581 6,900 581,624 47.32% 29.29% 2.51% 460,000 10.82 10.81 3.17 3.17 1.50 1.50 1.2644 1.26   19.59%   138.49% 30-Aug-2017 1.73 15.99 54.58 1.37 1.83% 0.87% 11-Oct-2017 1.64 15.16 51.74 1.30 1.93% 0.91%
30-Nov-2017 12-Jul-2017 31-May-2017 2 48,522 16,057 12,192 12,192 6,900 573,895 56.59% 25.13% 2.12% 460,000 10.55 10.54 2.65 2.65 1.50 1.50 1.2476 1.25   -16.25%   53.51% 31-May-2017 1.60 15.17 60.37 1.28 1.66% 0.94% 12-Jul-2017 1.69 16.02 63.76 1.35 1.57% 0.89%
30-Nov-2017 12-Apr-2017 28-Feb-2017 1 48,379 18,840 14,558 14,558 6,900 564,327 47.40% 30.09% 2.58% 460,000 10.52 10.51 3.16 3.16 1.50 1.50 1.2268 1.23   -28.86%   105.71% 28-Feb-2017 1.56 14.83 49.29 1.27 2.03% 0.96% 12-Apr-2017 1.90 18.07 60.04 1.55 1.67% 0.79%
30-Nov-2016 25-Jan-2017 30-Nov-2016 4 51,909 26,321 20,465 20,465 6,900 553,932 33.72% 39.42% 3.69% 460,000 11.28 11.28 4.45 4.45 1.50 1.50 1.2042 1.20   234.72%   93.65% 30-Nov-2016 1.30 11.52 29.22 1.08 3.42% 1.15% 25-Jan-2017 1.24 10.99 27.87 1.03 3.59% 1.21%
30-Nov-2016 12-Oct-2016 31-Aug-2016 3 44,010 7,800 6,114 6,114 6,900 526,055 112.86% 13.89% 1.16% 460,000 9.57 9.56 1.33 1.33 1.50 1.50 1.1436 1.14   -23.02%   -63.74% 30-Aug-2016 1.39 14.53 104.58 1.22 0.96% 1.08% 12-Oct-2016 1.39 14.53 104.58 1.22 0.96% 1.08%
30-Nov-2016 13-Jul-2016 31-May-2016 2 47,218 11,158 7,942 7,942 6,900 524,446 86.88% 16.82% 1.51% 460,000 10.26 10.26 1.73 1.73 1.50 1.50 1.1401 1.14   12.22%   -28.47% 31-May-2016 1.39 13.54 80.51 1.22 1.24% 1.08% 13-Jul-2016 1.37 13.35 79.35 1.20 1.26% 1.09%
30-Nov-2016 13-Apr-2016 29-Feb-2016 1 48,164 10,967 7,077 7,077 6,900 527,987 97.50% 14.69% 1.34% 460,000 10.47 10.46 1.54 1.54 1.50 1.50 1.1478 1.15   -33.03%   -43.61% 29-Feb-2016 1.39 13.28 90.35 1.21 1.11% 1.08% 13-Apr-2016 1.53 14.61 99.45 1.33 1.01% 0.98%
30-Nov-2015 22-Jan-2016 30-Nov-2015 4 64,757 17,908 12,530 10,568 6,900 529,092 65.29% 19.35% 2.00% 460,000 14.08 14.07 2.72 2.30 1.50 1.50 1.1502 1.15   -37.32%   -6.48% 30-Nov-2015 1.51 10.73 65.73 1.31 1.52% 0.99% 22-Jan-2016 1.46 10.37 63.55 1.27 1.57% 1.03%
30-Nov-2015 15-Oct-2015 31-Aug-2015 3 50,665 20,910 16,861 16,861 6,900 525,411 40.92% 33.28% 3.21% 460,000 11.01 11.01 3.67 3.66 1.50 1.50 1.1422 1.14   51.86%   62.56% 28-Aug-2015 1.48 13.44 40.38 1.30 2.48% 1.01% 15-Oct-2015 1.58 14.35 43.11 1.38 2.32% 0.95%
30-Nov-2015 15-Jul-2015 31-May-2015 2 55,269 14,674 11,103 11,103 6,900 495,649 62.15% 20.09% 2.24% 460,000 12.02 12.01 2.41 2.41 1.50 1.50 1.0775 1.08   -11.53%   34.26% 29-May-2015 2.05 17.06 84.93 1.90 1.18% 0.73% 15-Jul-2015 2.05 17.06 84.93 1.90 1.18% 0.73%
30-Nov-2015 15-Apr-2015 28-Feb-2015 1 55,219 17,223 12,550 12,550 6,900 489,118 54.98% 22.73% 2.57% 460,000 12.00 12.00 2.73 2.73 1.50 1.50 1.0633 1.06   11.06%   -26.93% 27-Feb-2015 2.05 17.08 75.14 1.93 1.33% 0.73% 15-Apr-2015 2.05 17.08 75.14 1.93 1.33% 0.73%
30-Nov-2014 21-Jan-2015 30-Nov-2014 4 54,711 12,962 11,297 11,300 9,200 483,230 81.42% 20.65% 2.34% 460,000 11.89 11.89 2.46 2.45 2.00 2.00 1.0505 1.05   8.95%   -17.73% 28-Nov-2014 2.13 17.91 86.71 2.03 1.15% 0.94% 21-Jan-2015 2.27 19.09 92.41 2.16 1.08% 0.88%
30-Nov-2014 15-Oct-2014 31-Aug-2014 3 57,171 12,853 10,372 10,372 9,200 477,801 88.70% 18.14% 2.17% 460,000 12.43 12.42 2.25 2.25 2.00 2.00 1.0387 1.04   25.42%   -73.81% 29-Aug-2014 2.41 19.39 106.88 2.32 0.94% 0.83% 15-Oct-2014 2.35 18.91 104.22 2.26 0.96% 0.85%
30-Nov-2014 16-Jul-2014 31-May-2014 2 65,647 11,696 8,270 8,270 13,800 479,642 166.87% 12.60% 1.72% 460,000 14.27 14.26 1.80 1.80 3.00 3.00 1.0427 1.04   -51.85%   -78.19% 30-May-2014 2.79 19.55 155.19 2.68 0.64% 1.08% 16-Jul-2014 2.84 19.90 157.97 2.72 0.63% 1.06%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


Analyze this stock with MQ Trader system
  10 people like this.
 
FlyingEagle insider only know, business model how come gone in 1 day ?
21/12/2023 4:37 PM
Jack888 Nobody want... I want to take risk. Buy some.
22/12/2023 9:26 AM
cooledhawk123654 selling pressure still there
22/12/2023 10:08 AM
wallstreetrookieNEW This is undervalued stock, don't sell
22/12/2023 10:16 AM
wallstreetrookieNEW Will rebound soon, don't worry
22/12/2023 10:16 AM
wallstreetrookieNEW Dividend stock, no need to sell
22/12/2023 10:19 AM
Yippy68 Wait till Jan 18, may be good dividend
22/12/2023 11:19 AM
Keqing Tan everyone is running for who want to hold juz hold want sell juz sell for this dividend stock i think will juz hold if got cheaper buy back
22/12/2023 2:06 PM
NatsukoMishima Their dividend can not sustain long term , lower n lower or even no dividend once insider finish dump !
22/12/2023 3:42 PM
DickyMe Steady decline of revenue, indication of stagnant product sale and reducing customer.
Seems like GetRichQuick company.
23/12/2023 10:34 AM
nhbeen Agreed with most of the recent postings here. Revenue and profit keeps dropping but the Company continues to pay dividend above its EPS. That will slowly but surely dilute the company's cash holdings. However, substantial shareholders cum directors will be more happy to keep receiving dividends and other perks.
23/12/2023 10:44 AM
nhbeen Over the years, Zhulian does not seem to receover from slowing business growth and profit. No new products are offered or any potential new business joint ventures to bring the company forward. Wonder how long the Company can continue to stay ahead of other competitors and changes in the industry.
23/12/2023 10:46 AM
cooledhawk123654 not sure will still give good dividend in the coming time??
25/12/2023 12:02 PM
KiasiPu Down a lot and up so fast, why so drama?
26/12/2023 12:36 PM
Yippy68 Haha. Many kena play out.
26/12/2023 2:39 PM
Yippy68 @ where is @1009. the biggest promoter of Zhulian
26/12/2023 5:02 PM
DividendGuy67 Wow, I was extremely lucky to have exited completely, before Ah Beng started selling off his shares.
I sold off at 1.90 at a small profit (due to dividends, but nothing on price gains).
Now trading at 1.62/1.63.
Is it worth to buy at 1.62?

The problem with ZHULIAN is that its earnings is still lower than the dividends paid out.
For 9 months ending Q3/23, total EPS is only 4.89 sen. Annualizing gives 6.5 sen. It pays out 3 sen dividend every quarter and final quarter is 8 sen (+ 5 sen Special Dividend) for a total of 17 sen.
The shortfall is 10.5 sen. Cost to ZHULIAN = 10.5 sen x 460m = RM48 million.

It's cash holdings has shrunk to RM161m. At this rate, in just 3+ years, all of its cash holdings will disappear if business remains status quo, to support dividends. It's cash holdings is only worth 35 sen, not RM1.62.

If it's business is able to generate 6 sen per annum, with risks of declining, noone would pay a P/E of more than 10 times in a declining EPS scenario. This declining business is worth 60 sen at the most.

Plus 35 sen cash gives 95 sen valuation. Hence, trading at RM1.62 looks expensive still, unless there is line of sight that its business is going to turn around.

Hence, everything depends on its business model.

The hard question is why did its EPS keep shrinking initially gradually every year and in 2023 appears to be accelerating in its fall?

2015: 12.5 sen
2016: 9.1 sen
2017: 11.5 sen
2018: 11.4 sen
2019: 10.8 sen
2020: 10.2 sen
2021: 9.9 sen
2022: 8.3 sen
2023E: 6.5 sen.

This decline is very persistent over past 8 years.

What has ZHULIAN management been doing the past 8 years?

Is this something in ZHULIAN's management powers to arrest the 8 years of EPS decline?

Recent price crash and recovery may not be the end of a longer term downtrend.
27/12/2023 11:34 AM
DividendGuy67 Looks Ah Beng is forced to stop selling for a while as price has crashed.

But he still owns 48 million Direct + 231 million Indirect = 279 million total
Last round this month, he barely sold 1% of that and price crashed.
There is no way he can realize the remaining 99% at 1.6. More likely, it will be around 0.5 if he really wants to exit. Of course, he might just be selling the 1% to raise spending cash, and still hold the 99% but it doesn't bode well long term for this company, if selling 1% causes price to crash. He picked the wrong time to sell - he should have disposed much earlier like 10 years ago when its price was rising exponentially with high volume.
27/12/2023 11:40 AM
DividendGuy67 Ah Beng is in a tight spot now.

With recent selling in December, and price crash, it will surely attract SEC attention.

And we know the 5 sen Special Dividend traditionally reserved for the coming Q4 is not sustainable anymore, when 9 months earnings is not even 5 sen, but 4.89 sen.

Special Dividends are not guaranteed.

But because Ah Beng sold, I bet he's going to try to still pay the 5 sen Dividend to avoid SEC scrutiny for insider trading. So, I think, notwitstanding its low earnings, I think more than 50% odds, ZHULIAN will still try to pay the 5 sen Special Dividends, to avoid SEC scrutiny for insider trading. And they will spin that their business model is still fine, cash still positive, nil debts, etc.

But this time, the price rally will not sustain - it will more likely show a lower low. In next 12 months, unlikely to exceed 1.8, unless there is a positive earnings surprise from a new business model or something similar.

But in the scenario for dividend maintenance (best case, 17 sen for 2023), after payment of this final special dividend, if ZHULIAN is responsible, it should start to flag out expectations for lower future dividends. If it doesn't call out these future expectations, then, you are dealing with shareholders who are not transparent.

IMHO, this process of regular selling by Ah Beng in December is a strategic mistake. It is possible (but no one really knows) if he panicked knowing the business keeps getting worse after 8 years.
27/12/2023 11:49 AM
DividendVen why share price drop so much recently, board tussle?
27/12/2023 12:01 PM
NatsukoMishima Zhulian , besthom all falling knife !
28/12/2023 3:51 PM
Keqing Tan qr not yet?
20/01/2024 10:32 AM
KiasiPu out already, 4c dividend
25/01/2024 10:08 AM
Keqing Tan special dividend 1 sen but at least the interim dividiend still maintain 3sen still ok
26/01/2024 11:05 AM
GroetjesuitNederland Here he goes again, not even waiting to pocket the dividend. He is either desperate for cash or .......

Name MR TEOH BENG SENG
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Details of changes
No Date of change
1 29 Jan 2024
No of securities
61,500

Type of Transaction Nature of Interest
Disposed Indirect Interest
30/01/2024 5:26 PM
Keqing Tan or he need some cash for CNY? thn only buy back all the shares?
31/01/2024 9:17 AM
GroetjesuitNederland Everything is possible but some outcomes are more likely than others
31/01/2024 11:29 AM
GroetjesuitNederland Mr Seng sold 300,000 shares today!
31/01/2024 5:29 PM
GroetjesuitNederland 900k shares sold in 3 days!
02/02/2024 10:03 PM
GroetjesuitNederland Keqing Tan special dividend 1 sen but at least the interim dividiend still maintain 3sen still ok
26/01/2024 11:05 AM

Still OK? Your annual dividend for the financial year 2023 has just been reduced by 24% as compared to 2022!

With little real hope of a meaningful share price increase, why not do what Mr Seng is doing?
02/02/2024 10:18 PM
salem Want to ask a question here.
For example on 31st Mr Seng and Best Source disposed 300k shares each therefore share volume traded should be more than 600k units of shares but I see the volume traded for the day is about 450k units only.
Why is this so?
As in everyday Mr Seng and Best Source disposes the same amount too.
06/02/2024 10:50 AM
GroetjesuitNederland Mr Seng sold the shares in his margin or indirect account so 300k shares are shown as sold by both him and Best Source.

He has upped the rate of disposal now to 534,500 shares on the 5th Feb. Doesn't even wait to pocket the dividend.
06/02/2024 11:14 AM
DividendGuy67 Avoid ZHULIAN. It's earnings cannot support current dividends. More dividend cuts and more price falls are coming.

EPS decline not over yet. FYE23 6.4 sen is lowest ever past 9 years. If next year drop to 6 sen, and if it exercise discipline in dividend payout, we could see more normal payout ratio of 67% i.e. future yearly dividend could only be 4%. 4% / 1.57 current price is only 2.5% Dividend Yield, i.e. worse than FD. So, ZHULIAN will try to soften the blow, but odds are very high, next year dividend will cut some more. It won't be 13 sen, but smaller.

Clearly, FD is the much better investment here than ZHULIAN.
Net Assets keep dropping fast too. Today its barely above RM1, but if it keeps paying out more dividends than it can earn, we may see Net Assets drop by 10-15 sen per year.

It's business model and business results desperately need to turn around, but how to beat a 9 year (or even longer) earnings decline?
06/02/2024 11:16 PM
DividendGuy67 The fact Ah Beng keep selling doesn't help.
ZHULIAN still have 155m Net Cash but it desperately need new ideas and new executions.
Clearly, by returning the cash to shareholders constantly indicates it doesn't know how to arrest the earnings decline. It has run out of ideas and execution capabilities.

This stock will be a classic high dividend trap. 13 sen / 1.57 looks very attractive 8% DY, but the coming year, 13 sen drops and eventually go down to 4 sen, and price will crash and that 8% DY disappears. This stock is just waiting to trap all these high yield chasers.
06/02/2024 11:21 PM
cooledhawk123654 Mr Teoh intensify the selling ....
21/02/2024 10:37 PM
Dave6101 Nonstop selling daily
22/02/2024 9:40 AM
cooledhawk123654 difficult to know the rational behind the selling
22/02/2024 10:10 AM
GroetjesuitNederland cooledhawk123654 difficult to know the rational behind the selling

It is difficult to imagine anything positive about the selling, which has increased from circa 1 million every 3 days to 1 million in 2 days. About another 140 trading days at this rate to get rid of all his shares held by The Best Source Holdings - which I suspect is a margin account. So, maybe he is disposing before the price gets to a level he has to top-up with cash.
22/02/2024 5:57 PM
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26/02/2024 11:24 AM
azfar8 WOW ZHULIAN, KEEP ON DROP, GAME OVER?
27/02/2024 9:52 AM
ch What happens? Big boss kena margin call? Keep selling.
27/02/2024 10:08 AM
NatsukoMishima Who chase whp die stock , dividen value trap u forever !
27/02/2024 11:35 PM
Dave6101 Looks like disposal by Ah Beng ended ? Lol...
01/03/2024 8:55 AM
sense maker This stock is gravitating towards RM1 and below.
07/03/2024 11:30 AM
Remnant17 NewsFlash>
Gold prices have been hitting record highs — here’s why the rally is far from over
PUBLISHED WED, MAR 20 20248:01 PM EDTUPDATED AN HOUR AGO.
https://www.cnbc.com/2024/03/21/gold-prices-have-hit-record-highs-heres-why-they-could-rally-further.html
21/03/2024 3:27 PM
Remnant17 China central bank top buyer

China is the leading driver for both consumer demand and central bank gold purchases, and the country’s not likely to slow down.

Among central banks, the People’s Bank of China was the largest buyer of gold in 2023. China’s weak economy and embattled real estate sector also drove more investors toward the safe-haven asset, with individual gold investment remaining robust, WGC said.
Poland’s central bank was the second-largest net consumer of gold, snapping up 130 tons of bullion in 2023.

Challenges of the Russia-Ukraine war “just right next door” drives Poland’s desire for stability, said Wheaton Precious Metals CEO Randy Smallwood.

Poland’s central bank governor Adam Glapiński in 2021 had announced plans to buy 100 tons of gold in a bid to boost the country’s financial security, according to local media reports.

Singapore recorded the third highest net gold purchases in 2023, driven by purchases by the Monetary Authority of Singapore (MAS), which bought 76.51 tons.

While MAS did not disclose the reason for the investment decision, Fan surmised that central banks across the board have been wary of the geopolitical risks from the ongoing Russia-Ukraine conflict.

“They have probably been adjusting reserve allocations in accordance to their views on risk,” he said.

Retail purchases
Stronger gold prices were also driven by retail purchases of jewelry, bars and coins.

On top of the People’s Bank of China buying the most gold amongst the world’s central banks, the country also recorded the highest amount of retail gold purchases.

“At the retail consumer level, China was a major factor in strong demand for gold last year as individuals moved into gold to diversify from other asset classes,” Fan said.

According to data from the World Gold Council, China overtook India to become the world’s largest gold jewelry buyer in 2023. Chinese consumers bought 603 tons of gold jewelry last year, a 10% increase from 2022.

Alongside China, consumer demand for gold in India is also one of the world’s biggest, said Smallwood, especially during India’s wedding season, which runs typically from October to December, and between January and March.

“Gold is always the highest form of value gift that you can actually give someone within India. It’s a real big part of the wedding season,” he said.

People buy jewellery at a showroom on the occasion of Akshay Tritiya, at PP jewellers Karol Bagh on May 3, 2022 in New Delhi, India. Gold prices were flat on Friday and poised for a fourth consecutive monthly drop, as an elevated U.S. dollar and aggressive monetary policies from top central banks continued to erode demand for bullion.
While India’s jewelry demand should continue to be significant, more expensive gold could put some dent in that spending, WGC said. India’s gold jewelry consumption demand dipped 6% to 562.3 tons in 2023 from a year earlier.

That said, India’s investment in gold bars and coins grew 7% year on year. The country’s central bank demand for gold also continues to be strong, with the Reserve Bank of India purchasing 8.7 tons of gold in January, marking the highest monthly purchase since July 2022.

Aside from China and India, Turkey’s gold demand last year almost doubled that of 2022, according to WGC records.

Unrelenting consumer inflation, limited available alternative investment and domestic political uncertainty during the presidential elections last year drove Turkey’s demand for the yellow metal.
Turkish lira trading at record low against the greenback
“Turkey recorded strong retail demand as well, with investors piling into gold during the presidential election last year to protect against potential volatility in the Turkish lira,” Fan added.

Turkish annual consumer price inflation recently surged to 67.07% in February. The Turkish lira lost 40% of its value against the dollar in the past year, and is currently trading at a record low against the dollar.
21/03/2024 3:35 PM
Income https://youtube.com/shorts/h5eN_ZgBzQ4?si=8zvwg50nWjjulfT4
31/03/2024 7:41 AM
8u29song wow....nice...
04/04/2024 5:01 PM
SGX6138 Wow! That;s great news for Zhulian. We can continue to receive more dividends.
05/04/2024 3:13 PM
cooledhawk123654 zhulian still give 3 sens
18/04/2024 8:57 AM