Daibochi http://daibochi.com Your Flexible Packaging Solutions Provider Thu, 31 Jan 2019 11:13:07 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.3 [The Star] Scientex to make MGO for packaging firm Daibochi http://daibochi.com/news-room/the-star-scientex-to-make-mgo-for-packaging-firm-daibochi/ Thu, 15 Nov 2018 09:00:42 +0000 http://daibochi.gramostudios.com/?p=878 The post [The Star] Scientex to make MGO for packaging firm Daibochi appeared first on Daibochi.

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[The Star] Scientex to make MGO for packaging firm Daibochi

Scientex managing director Lim Peng Jin said the synergistic merger would create a formidable regional giant from Malaysia with extensive resources to compete globally, offering an integrated range of flexible packaging solutions to a larger client base.

PETALING JAYA: Scientex Bhd will launch a mandatory general offer (MGO) for Daibochi Bhd to expand the flexible packaging business after proposing to acquire a controlling 42.41% stake for RM222.50mil in a share swap.

Scientex said in a filing with Bursa Malaysia that the proposed purchase of the stake would be from several individual vendors who hold a controlling block of shares in Daibochi.

The RM222.50mil total purchase consideration, or RM1.60 per Daibochi share, would be via a share swap through the issuance of one new Scientex share for every 5.5 Daibochi shares held by the vendors.

The share sale will trigger an MGO by Scientex for the remaining shares of Daibochi.

“This merger will enable Scientex to offer an integrated range of products to a larger client base and enhance its capabilities in the flexible packaging business through synergistic and complementary products to better serve a global clientele.

“Scientex also intends to maintain Daibochi’s listing status on the Main Market of Bursa Malaysia, and retain all the management and staff,” it said.

Daibochi is a leading flexible packaging provider in the South-East Asian region, with manufacturing plants in Malaysia and Myanmar. It provides high-barrier laminated flexible packaging for reputable clientele comprising mainly multinational corporations in the food and beverage, fast moving consumer goods and specialty sectors.

Meanwhile, Scientex managing director Lim Peng Jin said the synergistic merger would create a formidable regional giant from Malaysia with extensive resources to compete globally, offering an integrated range of flexible packaging solutions to a larger client base.

“Further to extending our market reach, it brings together strong technical know-how and skilled talent to tap into the exciting growth prospects for this market segment,” he said in a statement.

Scientex said the purchase consideration of RM1.60 per Daibochi share represents a price-to-earnings ratio (PER) of 20.0 times the earnings per share of RM0.08 per share for the financial year ended Dec 31, 2017 (FY17), compared to the average trading PER multiples of 17.8 times for companies in a similar business. It also represents a price-to-book ratio of 2.62 times based on Daibochi’s audited net assets per share of RM0.61 as at Dec 31, 2017.

The company added that the proposed share sale acquisition is expected to be completed within six months from the date of execution of the conditional share sale agreement. Once completed, it is expected to contribute positively towards Scientex’s earnings for FY19 ending July 31 onwards.

In a separate filing with the stock exchange, Daibochi announced that it had posted a 7% revenue growth to a record high of RM109.2mil for the third quarter ended Sept 30, 2018. However, net profit decreased 21.2% to RM5.7mil due to higher key raw material costs and forex losses.

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[The Star] CIMB Research views Scientex takeover of Daibochi as positive http://daibochi.com/news-room/the-star-cimb-research-views-scientex-takeover-of-daibochi-as-positive/ Thu, 15 Nov 2018 08:33:20 +0000 http://daibochi.gramostudios.com/?p=873 The post [The Star] CIMB Research views Scientex takeover of Daibochi as positive appeared first on Daibochi.

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[The Star] CIMB Research views Scientex takeover of Daibochi as positive

KUALA LUMPUR: CIMB Equities Research views Scientex’s takeover of Daibochi as long-term positive for the latter as the corporate exercise offers its shareholders a more diversified and strong plastics business.
On Wednesday, Scientex announced it had signed a heads of agreement with the major shareholders of Daibochi to buy a 42.4% stake for RM222.5mil (RM1.60/share) via a share swap at 5.5 Daibochi shares for one Scientex share.

Scientex will be obliged to extend a mandatory take-over offer to acquire the remaining shares and warrants in Daibochi not already held by Scientex. Scientex intends to keep Daibochi’s listing status after the takeover.

Commenting on the corporate exercise, CIMB Research house said on Thursday the takeover price at RM1.60 looks positive for the stock at FY2018F 22.0 times price-to-earnings (P/E) compared to Scientex’s consensus FY2018F 14.5 times P/E.

“Also, 5.5 Daibochi shares are worth RM8.80 (based on RM1.60 share), which is close to Scientex’s last closing share price.

“There is strong synergy between Scientex and Daibochi as it allows Scientex to move further downstream to the flexible packaging converting business. Daibochi currently buys biaxially oriented polypropylene (BOPP) films from Scientex,” it said.

To recap, Scientex is one of the world’s largest producers of stretch films. Scientex also produces BOPP films with an annual production capacity of 60,000 tonnes.

The company also produces cast polypropylene (CPP) and metallised films with an annual capacity of 12,000 tonnes, the biggest producer in the country.

“We cut our FY18F EPS forecast by 28.3% to reflect higher raw material costs and weak Myanmar sales.

“Our TP remains unchanged based on 2019F 15.6 times P/E, a 20% premium over the sector average of 13 times; the premium is due to the attractive long-term growth prospects of its Myanmar JV.

“Interestingly, Daibochi’s takeover price of RM1.60 is almost spot-on with our TP and we believe the takeover offer by Scientex is long-term positive for the stock,” CIMB Research said.

Daibochi Berhad (12994-W). All Rights Reserved.

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[Borneo Post Online] Scientex offers to take over 42.41 per cent stake in Daibochi http://daibochi.com/news-room/borneo-post-online-scientex-offers-to-take-over-42-41-per-cent-stake-in-daibochi/ Thu, 15 Nov 2018 08:23:33 +0000 http://daibochi.gramostudios.com/?p=869 The post [Borneo Post Online] Scientex offers to take over 42.41 per cent stake in Daibochi appeared first on Daibochi.

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[Borneo Post Online] Scientex offers to take over 42.41 per cent stake in Daibochi

KUALA LUMPUR: Packaging manufacturer Scientex Bhd (Scientex) has proposed to acquire a 42.41 per cent stake in Daibochi Bhd (Daibochi) for RM222.5 million to enable the former to penetrate the global market by offering high quality packaging at competitive prices.

Scientex managing director Lim Peng Jin said the total purchase consideration would be satisfied via share swap through the issuance of one new ordinary Scientex share for every 5.5 Daibochi shares held by vendors.

“The synergistic merger will create a formidable regional giant from Malaysia with extensive resources to compete globally, offering an integrated range of flexible packaging solutions to a larger client base.

“This will further extend our market reach, bringing together strong technical know-how and skilled talents to tap into the exciting growth prospects for this market segment,” he said in a statement yesterday.

Speaking at the signing of the heads of agreement between Scientex and the vendors here today, Lim said the parties agreed to enter into a conditional share sale agreement within the next two months.

He said the acquisition would enable Scientex to further expand its product portfolio and enhance its capabilities in the flexible packaging business through synergistic and complementary products, which would allow the company to better serve its global customers.

“By leveraging the respective strengths, brand names and track record of both parties, Scientex would capitalise on evolving consumer needs through enhanced collaboration with international brand owners to deliver innovative and sustainable packaging solutions to address growing environmental concerns,” he said.

He said Scientex plans to maintain Daibochi’s listing status on the main market of Bursa Malaysia Securities Bhd, and retain all the management and staff of later’s operations.

Barring any unforeseen circumstances, the proposed share sale acquisition is expected to be completed within six months from the date of execution of the conditional share sale agreement.

The proposed mandatory takeover offer is expected to be completed within two months from the date the share sale agreement becomes unconditional.

Upon completion, the exercise is expected to contribute positively towards Scientex’s earnings for the financial year ending July 31, 2019 onwards, Lim added.

Daibochi Berhad (12994-W). All Rights Reserved.

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[Kwong Wah] 拟斥2.225亿收购耐慕志 森德工业大涨 http://daibochi.com/news-room/kwong-wah-%e6%8b%9f%e6%96%a52-225%e4%ba%bf%e6%94%b6%e8%b4%ad%e8%80%90%e6%85%95%e5%bf%97-%e6%a3%ae%e5%be%b7%e5%b7%a5%e4%b8%9a%e5%a4%a7%e6%b6%a8/ Thu, 15 Nov 2018 08:08:56 +0000 http://daibochi.gramostudios.com/?p=856 The post [Kwong Wah] 拟斥2.225亿收购耐慕志 森德工业大涨 appeared first on Daibochi.

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[Kwong Wah] 拟斥2.225亿收购耐慕志 森德工业大涨

(槟城15日讯)森德工业有限公司(SCIENTX,4731,工业产品组)宣布以每股1.60令吉,收购耐慕志塑胶有限公司(DAIBOCI,8125,工业产品组)的1亿3906万股或42.41%股权后,股价今早大涨;而耐慕志塑胶则大跌14.57%或29仙,至1.70令吉。

闭市时,耐慕志塑胶共有85万2800股易手,成为马股第四大下跌股。

另一方面,森德工业早盘一度飙涨33仙,惟闭市时窄幅回收涨17仙或1.55%,至8.84令吉,成交量为54万2900股,为马股第11大上升股。

森德工业与耐慕志塑胶昨日宣布,两造已经签署暂定协议,通过换股方式进行收购活动,耐慕志塑胶股东将以5.5股换取森德的1股。

鉴于欠缺企业活动详情,因此,MIDF 投资银行将待耐慕志塑胶明日举行汇报会后,再对其进行评估。

同时,肯纳格投资银行研究“相当看好”上述收购活动,因认为此举将在长期具有协同效应,遂将森德工业的评级上修至“跟随大市”,目标价也从7.80令吉,上调至8.50令吉。

“惟耐慕志的本益比为20倍,导致其定价不太具吸引力。”

另一方面,联昌证券研究行认为森德工业对耐慕志塑胶的收购是后者的长期利好因素,因为公司活动为其股东提供了更加多元化和强大的塑料业务。

周三,森德工业宣布已与耐慕志塑胶的主要股东签署协议,以2亿2250万令吉(1.60令吉/股)的价格购买42.4%股权,通过以5.5 耐慕志塑胶股份换取一股森德工业股票。

森德工业将有义务延长强制收购要约,以收购森德工业尚未持有的耐慕志塑胶的剩余股份和认股权证。 森德工业打算在收购后保持耐慕志塑胶的上市地位。

森德工业是世界上最大的拉伸薄膜生产商之一。森德工业还生产BOPP薄膜,年生产能力为60,000吨。

Daibochi Berhad (12994-W). All Rights Reserved.

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[China Press] 售股给森德长远虽有利 耐慕志复牌仍跌29仙 http://daibochi.com/news-room/china-press-%e5%94%ae%e8%82%a1%e7%bb%99%e6%a3%ae%e5%be%b7%e9%95%bf%e8%bf%9c%e8%99%bd%e6%9c%89%e5%88%a9-%e8%80%90%e6%85%95%e5%bf%97%e5%a4%8d%e7%89%8c%e4%bb%8d%e8%b7%8c29%e4%bb%99/ Thu, 15 Nov 2018 07:52:19 +0000 http://daibochi.gramostudios.com/?p=846 The post [China Press] 售股给森德长远虽有利 耐慕志复牌仍跌29仙 appeared first on Daibochi.

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[China Press] 售股给森德长远虽有利 耐慕志复牌仍跌29仙
(吉隆坡15日讯)耐慕志(DAIBOCI,8125,主要板工业)昨日宣布以换股方式出售42.41%股权给森德综合(SCIENTX,4731,主要板工业),尽管长远是好事,但耐慕志今早甫复牌股价却惨跌,盘中一度重挫31仙或15.6%至1.68令吉。

联昌投银研究对耐慕志持“减持”评级,并把目标价维持在1.61令吉。

该行认为,是项换股计划就长远来看其实对耐慕志有利,因为该公司股东将因此获得更多元化和强大的塑料业务资源。

首9月净利低于预期

耐慕志今早跌14仙,以1.85令吉开盘,盘中一度下挫31仙至1.68令吉。休市时,该股挂1.69令吉,跌30仙,成交量达53万9400股。闭市时,该股报1.70令吉,跌29仙,共85万2800股易手。

联昌投银研究指出,耐慕志首9个月净利远低于预期,主要因为原材料价格增加,以及缅甸业务营业额走缓所致。

MIDF证券研究则把对耐慕志的“中立”评级下调为“评估中”,并把隐含献购价格从2令吉下调至1.6令吉。该行指出,耐慕志首9个月盈利比预料中的低,仅达到该行全年预期的61%。

此外,该行解释之所以把耐慕志的评级下调为“评估中”,是为了等待该公司在来临周五的汇报会上,透露更多公司最新活动的相关细节。

前景看俏森德综合股价涨17仙

券商对森德综合收购耐慕志42.41%股权一事持乐观态度,该股周四(15日)开盘即升21仙至8.88令吉,股价随后一路扶摇直上,盘中最高上探9令吉,大涨33仙。

闭市时,森德综合每股报8.84令吉,涨幅收窄至17仙,成交量达54万2900股。

肯纳格投银研究将森德综合评级从“落后大市”上调至“符合大市”,把目标价从7.80令吉上修至8.50令吉,并维持对森德综合2019财年核心净利预测在3亿880万令吉不变,但将2020财年核心净利预测上调5%至3亿4900万令吉。

该行指出,森德综合本次收购耐慕志股权将有助该公司巩固和加强其在全球塑料包装市场的地位,是因森德综合主要关注上游制造业,而耐慕志业务主轴是下游软包装的跨国公司客户,因此在完成收购后,有助森德综合进一步扩大客户群。

Daibochi Berhad (12994-W). All Rights Reserved.

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[The Star] Scientex buying controlling stake in Daibochi for RM222m, to launch takeover http://daibochi.com/news-room/the-star-scientex-buying-controlling-stake-in-daibochi-for-rm222m-to-launch-takeover/ Wed, 14 Nov 2018 09:28:24 +0000 http://daibochi.gramostudios.com/?p=904 The post [The Star] Scientex buying controlling stake in Daibochi for RM222m, to launch takeover appeared first on Daibochi.

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[The Star] Scientex buying controlling stake in Daibochi for RM222m, to launch takeover
Scientex managing director Lim Peng Jin (left) shaking hands with Low Chan Tian, one of the vendors selling the stake in Daibochi, after signing the agreement.

KUALA LUMPUR: Scientex Bhd will launch a mandatory takeover of Daibochi Bhd to expand the flexible packaging business after it acquired a controlling 42.41% stake for RM222.50mil in a share swap.
Scientex said on Wednesday the proposed purchase of a 42.41% stake would be from several individual vendors who hold a controlling block of shareholding in Daibochi.

The RM222.50mil total purchase consideration or RM1.60 per Daibochi share would be via a share swap through the issuance of one new Scientex share for every 5.5 Daibochi shares held by vendors.

The share sale will trigger a mandatory takeover by Scientex of the remaining shares of Daibochi.

“This merger will enable Scientex to offer an integrated range of products to a larger client base and enhance its capabilities in the flexible packaging business through synergistic and complementary products to better serve global clientele.

“Scientex also intends to maintain Daibochi’s listing status on the Main Market of Bursa Malaysia, and retain all the management and staff,” it said.

Daibochi is a leading flexible packaging provider in the South East Asian region, with manufacturing plants in Malaysia and Myanmar.

Scientex managing director Lim Peng Jin said: “This synergistic merger will create a formidable regional giant from Malaysia with extensive resources to compete globally, offering an integrated range of flexible packaging solutions to a larger client base.

“Further to extending our market reach, it brings together strong technical know-how and skilled talent to tap into the exciting growth prospects for this market segment,” he said.

Daibochi Berhad (12994-W). All Rights Reserved.

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[NST] Scientex to merge with Daibochi via share swap http://daibochi.com/news-room/nst-scientex-to-merge-with-daibochi-via-share-swap/ Wed, 14 Nov 2018 09:16:13 +0000 http://daibochi.gramostudios.com/?p=889 The post [NST] Scientex to merge with Daibochi via share swap appeared first on Daibochi.

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[NST] Scientex to merge with Daibochi via share swap

Scientex executive director Choo Seng Hong (left) looks on while Scientex group managing director Lim Peng Jin seals the deal with Daibochi executive director Low Chan Tian (right).

KUALA LUMPUR: Scientex Bhd is set to further expand its flexible packaging business with the acquisition of 42.41 per cent controlling stake in Daibochi Bhd.

The conditional share sale agreement is between Scientex and several individual vendors who hold a controlling block of shareholding in Daibochi.

“This synergistic merger will create a formidable regional giant from Malaysia with extensive resources to compete globally, offering an integrated range of flexible packaging solutions to a larger client base.

“Further to extending our market reach, it brings together strong technical know-how and skilled talent to tap into the exciting growth prospects for this market segment,” Scientex managing director Lim Peng Jin said in a statement today.

He said Scientex and Diabochi together intend to become an internationally recognised global player to catalyse the future growth and development of the flexible packaging industry.

Scientex is a leading packaging manufacturer and leading property developer while Daibochi is a flexible packaging provider in the South East Asian region, with manufacturing facilities in Malaysia and Myanmar.

At the signing of the Heads of Agreement between Scientex and the vendors today, the parties agreed to enter into a conditional share sale agreement within the next two months which would see the conditional sale to Scientex of 139.1 million ordinary Daibochi shares representing 42.41 per cent stake in Daibochi held by the vendors.

The purchase price of RM222.5 million, equivalent to RM1.60 per ordinary Daibochi share, shall be satisfied by way of share exchange whereby one new ordinary Scientex share for every 5.5 Daibochi shares held.

The share sale will trigger a mandatory takeover by Scientex of the remaining shares of Daibochi.

The share sale transaction is subject to several conditions set by Bursa Malaysia.

Further, this exercise will enable Scientex to further expand its product portfolio and enhance its capabilities in the flexible packaging business through synergistic and complementary products which will allow Scientex to better serve its global customers.

By leveraging on the respective strengths, brand names and track record of both parties, Scientex would capitalise on evolving consumer needs through enhanced collaboration with international brand owners to deliver innovative and sustainable packaging solutions to address growing environmental concerns.

The proposed merger will result in the emergence of an undisputed leader of flexible plastic packaging manufacturer in Malaysia offering enhanced operating capabilities with greater economies of scale.

This will enable Scientex to penetrate the global markets by offering high quality packaging at competitive prices.

The purchase price of RM1.60 per ordinary Daibochi share represents a price-to-earnings ratio (PER) of 20.0 times the earnings per share of RM0.08 per share for the financial year ended 31 December 2017, compared to the average trading PER multiples of 17.8 for companies in similar business.

It also represents a price-to-book ratio of 2.62 times based on Daibochi’s audited net assets per share of RM0.61 as at 31 December 2017.

Scientex also intends to maintain Daibochi’s listing status on the main market of Bursa Malaysia and retain all the management and staff of Daibochi’s operations.

The share sale acquisition is expected to be completed within six months from the date of execution of the conditional share sale agreement.

The mandatory take-over offer is expected to be completed within two months from the date the share sale agreement becomes unconditional.

The acquisition, once completed, is expected to contribute positively towards Scientex’s earnings for the financial year ending 31 July 2019 onwards.

Daibochi Berhad (12994-W). All Rights Reserved.

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[China Press] 森德综合并购耐慕志 逾2亿买下42.4%股权 http://daibochi.com/news-room/china-press-%e6%a3%ae%e5%be%b7%e7%bb%bc%e5%90%88%e5%b9%b6%e8%b4%ad%e8%80%90%e6%85%95%e5%bf%97-%e9%80%be2%e4%ba%bf%e4%b9%b0%e4%b8%8b42-4%e8%82%a1%e6%9d%83/ Wed, 14 Nov 2018 09:10:15 +0000 http://daibochi.gramostudios.com/?p=884 The post [China Press] 森德综合并购耐慕志 逾2亿买下42.4%股权 appeared first on Daibochi.

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[China Press] 森德综合并购耐慕志 逾2亿买下42.4%股权
(吉隆坡14日讯)今日齐停牌的森德综合(SCIENTX,4731,主要板工业)和耐慕志(DAIBOCI,8125,主要板工业)宣布已签署前期协议,森德综合将通过换股方式,以总值2亿2250万令吉或每股1.60令吉,收购后者42.41%股权。

在这项收购献议下,森德综合将通过发行1股新股,换5.5耐慕志股的方式来交易。森德综合将向耐慕志数名控股股东,收购这批42.41%股权,相等于1亿3906万2766股。

森德综合在停牌前最后报价为8.67令吉;耐慕志最后报价为1.99令吉;两者向马证交所报备,将在明早9时复牌。

森德综合发布文告指出,该项合并将让公司有能力为更广大的客户群提供一系列综合产品,并通过协调和互补产品来增强软包装业务方面的能力,从而更好地服务全球客户。

随着提出这项并购计划,森德综合必须强制收购耐慕志其余未持有股权,但森德综合指出,有意维持耐慕志在大马交易所主要板的上市地位,并保留所有管理层和员工。

森德综合董事经理林炳仁指出,该项合并计划将缔造一个拥有广泛资源,并来自大马区域的大企业。这增加了该公司的国际竞争力,同时也为更广大的客户群提供一系列灵活包装解决方案。

他指出,公司接下来将进一步扩大市场范围,汇集更强大的技术知识和人才,以利用这个细分市场来达到更好的成长前景。

耐慕志第3季净利跌21%

耐慕志截至9月底第3季,净利按年跌21.2%至569万令吉,但营业额增长7%至1亿919万令吉,每股派息跌0.15仙至1仙。

该公司首9个月营业额涨13.2%至3亿2030万令吉,但净利下滑6.7%至1681万令吉。

耐慕志解释,净利下跌主要因为蒙受287万令吉的外汇损失,相较上财年外汇收益高达883万令吉。

Daibochi Berhad (12994-W). All Rights Reserved.

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[China Press] 森德综合耐慕志齐停牌 http://daibochi.com/news-room/china-press-%e6%a3%ae%e5%be%b7%e7%bb%bc%e5%90%88%e8%80%90%e6%85%95%e5%bf%97%e9%bd%90%e5%81%9c%e7%89%8c/ Tue, 13 Nov 2018 09:32:58 +0000 http://daibochi.gramostudios.com/?p=911 The post [China Press] 森德综合耐慕志齐停牌 appeared first on Daibochi.

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NEWSROOM

[China Press] 森德综合耐慕志齐停牌

(吉隆坡13日讯)森德综合(SCIENTX,4731,主要板工业)和耐慕志(DAIBOCI,8125 ,主要板工业)今日不约而同向大马交易所申请明日全天停牌一天。

森德综合和耐慕志今日各别向马证交所报备,双方公司均是配合企业将有重大宣布,申请从明天早上9时至下午5时暂停交易。

无独有偶,森德综合和耐慕志都是塑料包装行业中的佼佼者,塑胶领域也已有一段时间不见并购踪影,不知两家公司会否潜在并购机会,通过整合,联手抵抗高额的原料成本,齐齐巩固市场领导地位。

Daibochi Berhad (12994-W). All Rights Reserved.

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Daibochi’s revenue rises 22.5% to record high of RM106.4 million in 2Q18 [PRESS RELEASE] http://daibochi.com/news-room/daibochis-revenue-rises-22-5-to-record-high-of-rm106-4-million-in-2q18-press-release/ Fri, 17 Aug 2018 08:08:38 +0000 http://daibochi.gramostudios.com/?p=617 The post Daibochi’s revenue rises 22.5% to record high of RM106.4 million in 2Q18 [PRESS RELEASE] appeared first on Daibochi.

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NEWSROOM

Daibochi’s revenue rises 22.5% to record high of RM106.4 million in 2Q18 [PRESS RELEASE]

  • Expects sales of Myanmar plant to increase more than 30% on commencement of flexible packaging delivery to food and beverage (F&B) customer
  • 2Q18 adjusted PBT rises 25.1%; net profit dips 7.8% to RM4.7 million on foreign currency exchange loss
  • Declares second interim single tier dividend of 0.8 sen per share in respect of FY2018; ex-date on 5 September 2018

Melaka, Malaysia, 16 August 2018 – Leading flexible packaging manufacturer Daibochi Berhad, formerly known as Daibochi Plastic And Packaging Industry Bhd (Daibochi; 耐慕志; Bloomberg: DPP:MK; Reuters: DPPM.KL) saw revenue rise 22.5% to RM106.4 million in the second quarter ended 30 June 2018 (2Q18) from RM86.8 million in the previous year, setting a record high in quarterly top line performance.

The commendable growth came as Daibochi’s Malaysia plant reported increased shipments to MNC customers in the domestic market and export markets. This was further enhanced by new contributions from the Myanmar plant which commenced operations on 1 July 2017.

Mr. Thomas Lim (林树坤), Managing Director of Daibochi Berhad said:

“Daibochi intends to continue stamping a firmer mark in export markets, as well as support the expanding requirements of MNCs.”

“Additionally, we anticipate our Myanmar plant to achieve stronger performance in the fourth quarter of 2018 onwards, with quarterly revenue expected to rise more than 30% to exceed RM10 million, driven by order fulfilment and potential new contracts. The plant also commissioned a new extrusion machine, allowing us to commence delivery of major orders to a F&B customer, as well as expand our product range.”

“Moving forward, we would also work closely with our MNC customers to develop sustainable forms of packaging that support their sustainability commitments in the global supply chain. Our extensive experience in product development in collaboration with MNCs positions us well to excel in this area.”

Read the full press release here.

News Room

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