留學生經濟學作業：投資于不同公司的視角

投資于不同公司的視角

An Over View Into Investing In Different Companies 

 

我選擇了十家公司作為我的投資，包括嘉士伯、荷蘭夫人、Panamy、殼牌、安利、云頂、Sime Darby、數碼、Hong Leong Bank和馬來亞銀行企業。不同的因素有助于為什么我選擇這些企業的原因，我的投資和討論如下。

 

There are ten companies that I have chosen for my investment and these consist of Carlsberg, Dutch Lady, Panamy, Shell, Amway, Genting, Sime Darby, Digi, Hong Leong Bank and Maybank enterprises. Different factors have contributed to the reasons of why I have chosen these enterprises for my investment and the discussions are as below.

 

Secondly, Dutch Lady Milk Industries Berhad is one of my choices in investing due to its mission of "helping Malaysians move forward in life with trusted dairy nutrition". Their impressive various products targeted to different groups of customers in the market with intention to provide quality dairy products (Dutch Lady Milk Industries Berhad nd a) has helped them succeed in achieving highest profit of RM82.4 million before paying its tax in year 2009. This is the highest amount of profit that has been achieved by the company so far, and even the profit after tax has also risen from RM42.647 million to RM60.4 million from year 2008 to year 2009. This significance increase of 42% in profit has impressed the shareholders meanwhile their cash flow statement also clearly stated that the company has obtained surplus of cash and cash equivalent of RM41.732 million compared to their previous year amount of RM23.792 million. Therefore, Dutch Lady Company might even have the potential to achieve higher profits and climb another ladder of success in year 2010 and 2011. The high and stable price earnings of Dutch Lady shares in an average of 16.0 also add value to my investment. (Dutch Lady Milk Industries Berhad nd b)

 

Panamy which is also known as Panasonic Manufacturing Malaysia is included in my investment list due to its well-known brand and positive growth of business in generating profits. Slogan of Panasonic "ideas for life" is a commitment where eco-ideas for manufacturing have been adopted by Panasonic in manufacturing and launching new products. At the same time Panasonic will also ensure the emission of carbon dioxide has been reduced to a certain level in order to preserve the environment. (Panasonic Malaysia Sdn Bhd 2009) Some of these eco friendly products can even save electric bills with their intelligent inverter. (Panasonic Corporation 2010) All these have contributed to total RM64.849 million of profit generated after tax deduction in year 2010. It has also hit the highest revenues of RM679.764 million, an increase of RM78.896 million or 13.1% compared to previous year. Directors of Panasonic also agree in paying total 120sen of gross dividends to their shareholders, which is an increase of 15sen compared to year 2009. The progressive of share performance of Panamy can also be shown in Attachment 3 page __. It could be foreseen that Panamy share price can still be raised to a higher value after the introduction of new internal control of Oracle System that can enhance the efficiency and effectiveness of various departments such as marketing and manufacturing systems that perform under Panasonic. (Google Docs nd a)#p#分頁標題#e#

 

Next, Shell Malaysia is the fourth company that I have chosen because of their excellent history and reputation in performing their business. Shell in Malaysia has been established for more than hundred years and they are a worldwide company that produce and provide energy and petrochemical not only to customer, but also to business. Apart from being the commander of producing natural gas, Shell is also the leader in retailing petroleum in Malaysia. (Shell.com nd a) Even Shell has achieved total of RM290 million of sales in year 2009, it has been assumed that its profit margin can still be enhanced by its lately construction of new diesel processing unit under EPP Project. This construction of new diesel processing unit is a huge investment in year 2011 that will be spending total amount of RM5.1 billion and will be constructed at its refinery in Port Dickson. The details of the news can be shown in Attachment 4 page __. (Shell.com nd b)

 

Amway Malaysia was first established in Malaysia in year 1976 and it is a direct selling business that many people are familiar with nowadays. The continuous promotions and products implemented by Amway such as its Nutrilite Protein Powder have gained good words of mouth from publics and many have joined to be an Amway member. (Amway (Malaysia) Sdn Bhd 2011 a) According to Amway's annual report, sales revenues of RM719.4 million and net profit of RM78.3 million that attained by Amway in year 2010 appeared to be higher than in year 2009, which are RM663.9 million and RM72.5 million. (Amway (Malaysia) Sdn Bhd 2011 b) This has directly leaded to the increase of net dividend per share paid to their shareholders and total amount of RM66 million net dividends per share of this can be shown in Attachment 5 page __. Based on the table shown, we will be noticed that Amway Enterprise has also given special interim single tier dividend of 30.0sen net per share to their shareholders on 14 December 2010, and this directly proves that it has a high dividend yield and thus higher amount of returns will be paying to their shareholders. (Amway (Malaysia) Sdn Bhd 2011 c) To sum up, their higher dividend yield with their excellence sales and net profit for years has enhanced my confidence level in investing and holding their shares for two weeks.

 

Next, Genting Malaysia is my other priority choice in choosing due to their diversified business and its activeness in investing and expanding their business that relevance to leisure and entertainment such as Genting Theme Park, shopping and dining, spa, golf, casino etc. Genting is well-known with its casino as they have been awarded few rewards such as the Asia's Leading Casino Resort and World's Leading Casino Resort for years. (Genting Casino nd) At the same time Genting also penetrate their casino into Singapore market by investing RM 4.7 billion on Resorts World Sentosa. This so called Genting Singapore, which is the world's third biggest casino group, has brought huge revenues and money returns in achieving total net profit of US $514 million and revenues of US $1.1 billion in year 2010. Genting casinos also succeed in attracting tourists or even renowned tycoons and celebrities that come from all over the places. (Admin 2011) Genting even further their steps in expanding their casino business into United Kingdom, which is known as Genting UK. This Genting UK will be the most large-scale of casino located in UK meanwhile Genting also achieve success in bidding a video lottery facility in United States New York. This facility which is known as Resorts World New York will be start operating at the end of year 2011. All these can again bring huge amount of revenues and profits to Genting in the future, or even sooner or later. (Genting Casino nd)#p#分頁標題#e#

 

Sime Darby Malaysia is another company that should not be ignored because of their stability in running the business since two hundred years ago. (Sime Darby 2010 a) Sime Darby has been involved and diversified in various business structures such as Sime Darby Plantation, Property, Industrial, Motors, Energy and Utilities and lastly Healthcare. Sime Darby is the top rank company with market capitalization of RM54.7 billion on Bursa Malaysia as of March 2011 and these diversifications have brought total revenues of RM32844.7 million in 2010 (Sime Darby 2010 b) and the details of revenues generated from each business structure can be shown clearly in Attachment 6 page __. (Sime Darby 2010 c) The positive growth and expansion of Sime Darby has impressed their shareholders as total amount of RM726.8 million has been distributed to them in year 2010. (Sime Darby 2010 b) While the recent news of Sime Darby Plantation for setting up its multi-feedstock vegetable oil processing plant in France will help the company to penetrate their business into other countries and this processing plant will be a channel of providing edible oils to Southern Europe and North Africa in the future. The details of this news can be referring to Attachment 7 page__ and this has directly indicate that Sime Darby will have a good prospect in the long run as the success of this proposed plant will increase its share price tremendously. (Sime Darby 2010 d)

 

Apart from the above, Digi Telecommunication Sdn Bhd which is a leading mobile communications company also stated under one of my investment company because of its outstanding business performance from year to year. Digi always treated their employees as their assets and thus they will always concern in excavating the calibre and capacity of their employees at the same time encourage them to share their ideas with their up lines in order to born some new creative ideas. This is the reason why they can always create and produce new concepts, and their creative advertisement in promoting Digi is one of the examples shown. Digi motto of "always the smarter choice" also provides different money savings plans to their users and various customers in the market. This has made them to be special and achieve positive profitability of total RM1000.471 million in year 2009 even after deducting the tax. RM1.78 net per share as a dividend has also been distributed to their shareholders at year end 2009. To sum up, the remarkable performances of Digi has contributed huge amount of cash returns, which exceed total of RM5.8 billion to their shareholders since year 2005. All these have clearly shown that Digi is in a financially stable and sound position that can fulfil and satisfy their shareholders from time to time. (Google Docs nd b)

 

The good reputation and financial position of Hong Leong Bank Malaysia have contributed to the reasons of why I have chosen it. Hong Leong Bank is a member under Hong Leong Group and it has been involved in Finance and Banking institution since year 1968 and soon has became a well known local bank in Malaysia. (Hong Leong Bank Bhd nd a) It has a sustainable and stable profitability growth and its pre-tax profit at year end 2010 has beyond billion, amount to RM1.185 billion, which has risen by RM53 million compared to previous year. Besides that, returns given to shareholders have increased to 16.3% and its earnings per share also soar up to 68.2sen with an annual growth rate of 17%. Hong Leong Bank which is situated at Hong Kong and Singapore also play significance role in contributing to the higher amount of profit generated. However, Hong Leong Group does not miss the chance to penetrate their business into other markets, and they had successfully enter China by purchasing 20% shares of stock in Chengdu City Commercial Bank, not only to reinforce their current position in order to be an influential bank, but also to enlarge their profitability earned. (Hong Leong Bank Bhd nd b) By referring to Attachment 8 page __, Hong Leong Group also continues their steps in expanding their business in Hanoi, Vietnam by opening another subsidiary of Hong Leong Bank and targeted the rich by providing excellence service to these customers. (Hong Leong Bank Bhd nd c) Thus, these can be seen that share price of Hong Leong Group could possibly soar to another high level.#p#分頁標題#e#

 

Lastly, Malayan Banking Berhad or Maybank is my other choice of investment since it has been stepped up to 51 years close to their customers in Malaysia. Maybank is also the largest team in providing financial services in our country provided with its solid and steady position in South East Asia. The objective of Maybank in continuously impressing their shareholders can be shown by their commitment in distributing the maximum returns to their shareholders once there are profits generated from Maybank Group. (Maybank 2011 a) Maybank Group has achieved the highest profit in year 2010 within these few years, with total amount of RM3818 million after paying taxes and minority interest. The total amount of shareholders' equity has also augmented to RM27.9 billion from the original RM3.0 billion due to the enhancement of retained profit and excellence business performances. Tremendous increases of the Group basic, diluted earnings and gross dividend per Maybank share compared to year 2009 have indicated that a positive and bright future of Maybank can be gained in the long run. (Maybank 2011 b) Their concern to their shareholders can also be shown by their latest launched program of providing dividend reinvestment plan by allowing their shareholders to reinvest their dividend to Maybank Group. (Maybank 2011 c)