Best World

The best is yet to come!

Sharing: Celebrating BWL Philippines, at Crowne Plaza Manila Galleria over the past weekend.

Any news on the China license application?

BWL bosses busy in Taiwan too.

BWL just released a set of solid Q3 results!!

Good info from Boon @ Valuebuddies.com

Period = Revenue (Million) / EPS (cent) / DPS (cent) / NPM (%)
FY2007 =102.180 / 6.51 / 3.2 / 13.2%
FY2008 = 96.063 / 5.15 / 2.2 / 11.1%
FY2009 = 72.956 / 4.79 / 2.2 / 13.3%
FY2010 = 49.549 / 1.19 / 2.2 / 4.9%
FY2011 = 41.532 / 0.13 / 0.6 / 0.7%
FY2012 = 48.218 / 0.88 / 1.2 / 3.7%
FY2013 = 41.081 / 0.71 / 0.3 / 3.5%

1Q2014 =12.802 / 0.06 / N.A. / 0.9%
2Q2014 = 18.278 / 0.34 / 0.3 (1H2014) / 4.1%
3Q2014 = 19.229 / 0.51 / N.A. / 5.8%
9M2014 = 50.309 / 0.91 / N.A. / 4.0%
FY2014 = >70 ？/ > 1.0 ? / 0.6 or 0.9 (for 2H2014) / ?

Comments:
1) Quarterly revenue, EPS and NPM (Net Profit Margin) for 3Q2014 increased, compared to 2Q2014.

2) 9M Revenue already exceeded FY revenue of previous 4 years.

3) 9M EPS already exceeded FY EPS of previous 3 years.

4) Positive OCF of SGD 6.208 million for 9M2014.

5) These above improvements were due to strong performances from the Group’s business in Philippines, Taiwan, the PRC and Singapore.

6) The Manufacturing/Wholesale segment (BWZ), which was acquired in late February 2014, contributed 5.7 million in revenue to the Group for the 7 months period from March to September, constituting 11.3% of the Group’s total revenue.

7) Barring any unforeseen circumstances, Management expects overall results for the Group to be positive for the remaining months of FY2014, especially with regards to performance coming from the Group’s China, Taiwan and Philippines subsidiaries.

Could FY2014 revenue breach the SGD 70 million mark again, which last happened in 2009?
9) Could FY 2014 EPS breach the SGD 1.0 cent mark again, which last happened in 2010 ?
10) DPS of 0.3 cent was declared for 1H2014. If DPS of 0.6 cent could be declared for 2H2014, at 22.5 cents a share, this would equate to a dividend yield of 4%.
11) Steadily, it looks like BWL is making progress in growing its top and bottom line – even before obtaining its DS License in China – though bottom line has been growing at a much slower pace than top line, nevertheless, progress has been made.

(vested)