Quarter report released date: 28 Feb 2017
Business
- Corporate outlet comprise of 66 Aster Spring professional Skin care salon and retail kiosk
- 75 Corporate outlet (annual report 2016)
- 700 employees (annual report 2016)
- Over 2500 distribution point (annual report 2016)
Products
Geography area
- Malaysia
- Singapore
- Hong Kong
- Thailand
- 9 Countries reached in ASEAN and Hongkong (annual report 2016)
Revenue segment
- Professional services and sales: The professional services rendered in respect of beauty and wellness programs and sales of related products.
- Product distribution: The distribution of beauty and wellness products and beauty equipment.
Financial performance
- To exceed last year full year performance, EIG still need RM36.192mn revenue and RM5.585mn net profit
- Revenue decrease 0.4% (yoy), increase 4.64% (qoq)
- Net profit increase 8.1% (yoy), 22.38% (qoq)
- Net profit margin9.64
- From chart, it shows that EIG net profit margin decrease year by year
- After deduct borrowing, EIG is net cash company
- Professional services and sales contribute 58.76% of revenue
- Product distribution contribute 4.89% of revenue
- Revenue decrease yoy was due to investment in brand building and promotional activities (at product distribution segment)
- Net profit higher yoy was due to higher foreign exchange gain
- Professional services and sales revenue higher was due to The Group opened 3 new professional skin care salons and rationalised 5 professional skin care salons and 1 retain kiosk
Annual report 2016
- Malaysia contributed 55.74% of revenue
- Singapore contributed 24.99% of revenue
- Strengthen USD benefit to EIG
Share price
- low volume, sometime 0 trade
- Avg Volume (4 weeks):4,263
News
2 Feb 2017
- EIG 授权予Frostbland独家代理权，在澳洲，纽西兰及南太平洋，销售和分销Clinelle 护肤产品
- 合约为期5年，从3月1号生效，直到2022年2月28日，还可选择延长另外5年，直至2027年2月28日
26 August 2016
-EIG will continue its long term plan of opening up to 100 AsterSpring skincare salons in HK and the Asean region in the next 3-5 years
- It started to distribute Dermalogoca to Indonesia in May,and may soon distribute its own skincare product,Clinelle to the country
26 Aug 2016
- 放眼明年在我国开设4家分店
5 Aug 2016
- Singed a distribution agreement with Kate Somerville to distribute Kate Somervile skin care product in HK and Macau
- The initial term of the agreement is for a period of 5 year from Aug 1 2016 to July 31 2021 whereby the agreement will automatically renewed for a further 5 years until 31 July 2026
Comments
- Low volume, liquidity problem
- high volatile, price fluctuate in one trading day
- support level: RM0.798/RM0.801
- current share price: RM0.865
- Current PE higher than 10, can accumulate some for long term investment
Target price
- RM1.40 (i3investor)
Reference:
http://www.enanyang.my/news/20170208/%E7%89%B9%E4%BA%BF%E5%9B%BD%E9%99%85%E6%8E%88%E6%9D%83frostblandbr-%E6%BE%B3%E7%BA%BD%E7%8B%AC%E5%AE%B6%E9%94%80%E5%94%AEclinelle/
http://www.theedgemarkets.com/my/article/esthetics-confident-keeping-growth-momentum-after-1q-profit
http://www.enanyang.my/news/20160826/%E6%98%8E%E5%B9%B4%E5%BC%804%E5%AE%B6aster-spring%E5%88%86%E5%BA%97br-%E7%89%B9%E4%BA%BF%E5%9B%BD%E9%99%85%E6%94%BE%E7%9C%BC%E8%BF%9B%E5%86%9B%E6%96%B0%E6%B3%B0%E5%8D%B0%E5%B0%BC/
http://www.thestar.com.my/business/business-news/2016/08/05/esthetics-to-distribute-kate-somerville-skin-care-products/
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