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楼主: dragonet

[公司专区] 6963 VS 威城

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发表于 2016-7-26 09:30 | 显示全部楼层
收购NEP会对股价有怎样的影响 ?

点评

谢谢分享。。。  发表于 2016-7-26 20:49
来自安卓手机客户端

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发表于 2016-7-26 11:31 | 显示全部楼层
VS用6000万零吉现金 买林进活钻石水20%股权
25/07/2016
http://sharesinfo4u.com/archives/32244
高档电器制造商威城工业(VS 6963)今日宣布出价6000万零吉现金,从传销名人林进活手中,购买钻石能量水(NEP)的20%股权。
钻石能量水是国内最出名的水机公司,随威城工业的这项收购,这家水机公司的市值高达3亿零吉。威城工业为何要收购这家水机销售公司,还有待公司管理解释。




在去年,NEP试图通过倒置收购行动,以大马股票交易所上市,不过该项後门上市行动以失败告终。
威城工业发表文告说,该公司已和林进活达致一项买卖协议,以从後者手中买进NEP的20%股权。
收购行动完成後,NEP将成威城工业子公司,采取和威城工业相同会计标准。
林进活在一九九五年创办NEP,以"钻石能量水"品牌,进军国内过泸水机市场,目前全国共有三千名代商。钻石能量水也成功进军香港,中国,台湾和新加坡市场。
截至今年六月底财政年,NEP未审核净利为2910万零吉,比前一年2140万零吉增长36%,营业额为1亿8540万零吉,比较1亿5320万零吉。
林进活为这项卖股协议提供盈利保证,即下个财政年最低盈利是4000万零吉。
威城工业董事经理SY GAN表示,这是策略性收购,可达到资源整合效应。
他说,威城工业可以为NEP产品提供研究发展,制造新产品,以进军新市场。
威城工业将通过内部资金和银行贷款支付收购,威城手上现金2亿2940万零吉,负债率是0.2倍。
威城工业股价今日涨8仙,报收RM1.39。







点评

谢谢分享  发表于 2016-7-30 11:56
谢谢分享。  发表于 2016-7-26 22:00
mtm
谢谢分享  发表于 2016-7-26 21:11
谢谢分享。。。  发表于 2016-7-26 20:49

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x 811
发表于 2016-7-26 11:44 | 显示全部楼层
Vk Klse12 hrs ·

Vs 今天公布买入NEP Holding(m)Bhd ( NEP)20%股权。
Nep 旗下公司就是卖Diamond过滤器或者饮用水机公司~
Vs为何收购NEP 20%股权?
20%股权能为Vs贡献多少盈利呢?
NEP 这几年的营业额和税后净利都增长不错。
2016年财政年稅后盈利多达29m, 而NEP将保证2017财政年多达稅后盈利40m
VS持有20%股权,无形中就为VS贡献8M税后盈利。
会多吗?对Vs根本起不到什么做用。。
但是。。
但是。。
个人再思考Vs管理层到底想什么?
最后个人站在Vs管理层思维想就是VS收购NEP 目的是为了日后引进美国公司Keriug GMC 公司旗下品牌Keriug 咖啡机带入马来西亚甚至亚洲市场的可能性。
因为目前Gmc Keriug是VS的顾客。
因为收购NEP,可以快速拥有一个有销售团队和销售网的公司。
因为NEP目前在大马、新加坡、香港和中国深圳都有销售公司。
Vs以六仟万收购NEP 20%股权,税后盈利可以贡献八百万;所以VS 是以7.5倍本益比收购NEP股权。个人觉得不会贵!
证明Vs管理层没有乱乱来~
我相信Vs管理层和NEP 老板应该有达成什么协议;背后就是为NEP引入Keriug GMC咖啡机总代理权;甚至未来Vs还会进一步增加NEP股权,将NEP成为VS 子公司~
不是Call Buy~
以上只是推测~
和纯粹让一些长期投资者更了解VS而已~





点评

谢谢分享  发表于 2016-7-30 11:56
mtm
谢谢分享  发表于 2016-7-26 21:12
谢谢分享。。。  发表于 2016-7-26 20:49

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发表于 2016-7-26 11:46 | 显示全部楼层
VS Industry to acquire 20% of 'Diamond' water filtration firm for RM60m
TheEdgeMon, Jul 25, 2016

KUALA LUMPUR (July 25): Electronics manufacturing services (EMS) firm VS Industry Bhd is acquiring a 20% stake in NEP Holdings (M) Bhd for RM60 million.

NEP is a home-grown group of companies famous for its award-winning "Diamond" brand of water filtration system products.

In a statement today, VS Industry said it has agreed with NEP and its major shareholder Lim Chang Huat to subscribe for shares in NEP representing a 20% stake.

Upon completion of the acquisition, VS Industry said, NEP will be an associate company of VS Industry, and the latter will be able to adopt equity accounting for NEP's financial performance.

Established in 1995, NEP has expanded its range of water filtration systems to home-use products, such as water bar, water spa home aqua-therapy system, air purifier and coffee machine.

Besides Malaysia, NEP sells its products to Hong Kong, Singapore, Taiwan and China. With a network of 3,000 dealers, the NEP Group is now one of the largest health water enterprises in Asia.

For the financial year ended June 2016 (FY16), NEP's unaudited net profit was RM29.1 million, 36% higher than its FY15 net profit of RM21.4 million. Revenue rose 21% to RM185.4 million from RM153.2 million.

The acquisition comes with a net profit guarantee by Lim of at least RM40 million for FY17. Based on the guarantee, the acquisition is pegged at a reasonable price-to-earnings ratio of 7.5 times.

VS Industry said its acquisition price values the NEP group at RM300 million, versus the fair value range of between RM358 million and RM477 million assigned by independent market valuer, FHMH Corporate Advisory Sdn Bhd.

VS Industry managing director Datuk S.Y. Gan said the acquisition of NEP is strategic for the company.

"As a vertically integrated EMS corporation, we have very strong and capable research and development team. We can be an original design manufacturer to NEP, offering designing expertise to help develop new products and expand their offering.

"At the same time, NEP can leverage on our group's manufacturing facilities in Malaysia, China and Indonesia to increase its production efficiency and volume as it gears up to penetrate new markets," said Gan.

The RM60 million cash consideration will come from a combination of VS Industry's internal funds and bank borrowings. Based on its gross cash holdings of RM229.4 million and low net gearing of 0.2 times as at April 30, VS Industry will not have any issues funding the acquisition.

VS Industry rose 8 sen or 6.11% to close at RM1.39 today, for a market capitalisation of RM1.63 billion.

点评

谢谢分享  发表于 2016-7-30 11:56
谢谢分享。。。  发表于 2016-7-26 20:48

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发表于 2016-7-26 11:47 | 显示全部楼层
Tuesday, 26 July 2016
VS Industry buys stake in NEP for RM60milhttp://www.thestar.com.my/business/business-news/2016/07/26/vs-industry-buys-stake-in-nep-for-rm60mil/

PETALING JAYA: VS Industry Bhd, a maker of electronic products, is buying a 20% stake in the Diamond water filtration system producer NEP Holdings (M) Bhd for RM60mil cash.
The original equipment manufacturer said the major shareholder of NEP has given a minimum profit guarantee of RM40mil for the financial year ending June 30, 2017 (FY17).
According to a statement released by VS Industry, it has to date entered into a conditional subscription agreement with NEP and Lim Chang Huat to subscribe to up to 251,451 shares in NEP, which represents a 20% stake in the company.
Lim is the major shareholder of NEP.

The first tranche will see 111,756 shares being issued to VS Industry upon the payment of RM30mil, while the second tranche of 139,695 shares will be issued within six months upon the completion of the first tranche, subject to the conditions in the deal being fulfilled.
The RM60mil cash will come from VS Industry’s internal funds and bank borrowings.
In the event of any shortfall in the profit guarantee, Lim shall reimburse VS Industry.
It said based on the profit guarantee, the acquisition was pegged at a reasonable price-to-earnings ratio of 7.5 times, which is lower than other listed companies that produce consumer products.
VS Industry’s acquisition price valued the NEP group at RM300mil, versus the fair value range of between RM358mil and RM477mil assigned by FHMH Corporate Advisory Sdn Bhd, an independent market valuer.
“We are pleased to achieve this key milestone. The acquisition of NEP is strategic to VS Industry.
“As a vertically integrated electronics manufacturing services corporation, we have a strong and capable research and development team. We can be an original design manufacturer to NEP, offering designing expertise to help develop new products and expand its offering,” said VS Industry’s managing director Datuk S. Y. Gan.
In the meantime, Gan said NEP can also leverage on VS Industry’s manufacturing facilities in Malaysia, China and Indonesia to increase production efficiency, while it tapped into new markets.
“It’s a win-win situation for both parties, as we focus on our knowhow in designing and manufacturing, while NEP focuses on what it does best – sales, marketing and branding activities,” he added.
Based on VS Industry’s gross cash holdings of RM229.4mil and low net gearing of 0.2 times as at April 30, 2016, Gan said it had no issue funding the acquisition.
From the onset, the NEP buy is expected to be earnings accretive to VS Industry’s FY17, he noted, adding that the exercise is slated for completion by the first quarter of 2017.


点评

谢谢分享  发表于 2016-7-30 11:56
谢谢分享。。。  发表于 2016-7-26 20:47

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发表于 2016-7-26 15:44 | 显示全部楼层
威城(VS Industry)6,000万令吉入股“钻石水”滤水器公司股市资讯研究团队
2016年 07月 26日
财经要闻


威城(VS Industry)将以6,000万令吉收购NEP Holdings的20%股份。NEP是一家大马本土的滤水产品公司,并以其得奖产品“钻石水”滤水器著称。

NEP成立于1995年,其家用滤水器的产品系列与日扩大,除了在本地之外,其产品也销往香港、新加坡、台湾及中国等地,进而成为亚洲最大的健康水公司之一。NEP的FY16年比提高36%至2,910万令吉,收入则增加21%至1亿8,540万令吉。

公司也获得NEP将在FY17取得至少4,000万令吉净利的保证。按这项保证及公司所持股份估计,公司入股NEP的收购价与(FY17)盈利比例为7.5比1。

启示:公司指出,作为一家直线综合电子生产服务商,它将能为NEP提供原设计生产服务,并分享其在设计方面的专门知识来协助NEP开发新产品。与此同时,NEP也能利用公司在大马、中国及印尼的生产设施来提高生产率及产量,以便进军新市场。



点评

谢谢分享  发表于 2016-7-30 11:57
谢谢分享  发表于 2016-7-26 21:31
谢谢分享。。。  发表于 2016-7-26 20:47

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x 811
发表于 2016-7-26 16:13 | 显示全部楼层






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点评

谢谢分享  发表于 2016-7-30 11:57
谢谢分享  发表于 2016-7-26 21:31
谢谢分享。。。  发表于 2016-7-26 20:47

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x 42
发表于 2016-7-26 21:37 | 显示全部楼层
谢谢分享

点评

谢谢分享 。 。  发表于 2016-8-6 17:04

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x 5
发表于 2016-7-26 21:40 | 显示全部楼层
多谢分享

点评

谢谢分享。 。。。。  发表于 2016-8-6 17:05
谢谢分享。 。。。。  发表于 2016-8-6 17:05

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x 49
发表于 2016-7-26 21:44 | 显示全部楼层
每次買新公司就股价跌

点评

谢谢 分享 。。。  发表于 2016-8-6 17:05
来自安卓手机客户端

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发表于 2016-7-26 22:09 | 显示全部楼层

新闻
热股
购滤水机公司 威城活络中走低
By Supriya Surendran / theedgemarkets.com   | July 26, 2016 : 2:40 PM MYT   

(吉隆坡26日讯)威城(VS Industry Bhd)宣布以6000万令吉现金,收购滤水机公司NEP控股20%股权后,今日在交投活络中走低。

休市时,该股跌3仙或2.16%,报1.36令吉,成交量有527万股。

NEP因“钻石”滤水系统品牌而闻名,并也分销家用产品如水吧、水疗系统、空气净化器和咖啡机。

JF Apex证券正面看待这项收购,因威城可在中短期获得协同效应,因为NEP现在成为威城的原厂设计制造客户。

该研究机构今日在报告指出:“我们对NEP可实现在中国的销售目标感到乐观,有利于威城的合约制造和持股权获利,因NEP获海尔集团(Haier Group)委任出售其滤水产品,放眼一线城市的高端市场。”

同时,大华继显认为,6000万令吉的收购价具吸引力。根据NEP预测,截至明年6月30日止财政年净利为4000万令吉,收购价相等于7.5倍本益比,低于同侪安利(马)控股(Amway (Malaysia) Bhd)、速远机构(Zhulian Corp Bhd)和海鸥(Hai-O Enterprise Bhd)的13至25倍。



(编译:陈慧珊)

点评

谢谢分享 !!!  发表于 2016-8-6 17:06
谢谢分享  发表于 2016-7-30 11:57
谢谢分享  发表于 2016-7-26 23:55
谢谢分享  发表于 2016-7-26 23:55

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x 46380
发表于 2016-7-27 00:49 | 显示全部楼层
威城
入股NEP有利可图
12点看 2016年7月27日
分析:JF APEX证券行

目标价:1.50令吉
最新进展:


威城(VS,6963,主板工业产品股)宣布以总值6000万令吉,收购NEP控股20%股权或25万1451股,借此进军滤水机生产业务。
NEP控股旗下有著名的“钻石”(Diamond)滤水系统品牌。
行家建议:
我们对购股计划感到正面,相信威城在中长期里可取得协同利益,因为NEP已成为威城的原厂设计生产的客户。
我们相信,NEP在中国能达到销售目标,加上已委任海尔集团(Haier)经销高端滤水器产品,专攻一级城市,因此,身为合约制造商的威城,也将从中受惠。
威城预测,在首两年能从NEP手中获得2亿令吉的制造营业额;假设每年平均1亿令吉订单,及5%净赚幅,意味着从2017财年起,每年可取得500万令吉净利。
此外,威城也能够透过股权户头,纳入已成为联号公司的NEP的业绩,在2017和2018财年保守估计分别可取得400万和800万令吉的净利。
整体来说,威城在2017和2018财年的净利,将会因而提高5至6%。
http://www.enanyang.my/news/20160727/%E5%A8%81%E5%9F%8Ebr-%E5%85%A5%E8%82%A1nep%E6%9C%89%E5%88%A9%E5%8F%AF%E5%9B%BE/


点评

谢谢分享。。。  发表于 2016-8-6 17:07
谢谢分享  发表于 2016-7-30 11:57
mtm
謝謝分享  发表于 2016-7-28 20:32
有利可图,但不是现在  发表于 2016-7-28 19:16

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x 5
发表于 2016-7-27 07:33 | 显示全部楼层
昨天入了五粒希望今天再升

点评

恭喜发财。。。  发表于 2016-8-6 17:07

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x 8
发表于 2016-7-27 08:20 | 显示全部楼层
Nep本身已经有卖咖啡机两年多了,然后咖啡也蛮香的。

点评

谢谢分享。。。  发表于 2016-8-6 17:06

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x 8
发表于 2016-7-27 10:10 | 显示全部楼层
VS 将会得到 NEP 的 order for 咖啡机?

点评

HuaT AhH  发表于 2016-8-6 17:08
correct, good combination. Coffee machine seller and coffer machine OEM manufacturer!  发表于 2016-7-29 11:36
咖啡和咖啡机的合作,看好这对combo。  发表于 2016-7-28 00:32
NEP 有在卖Arristo 咖啡机!!!  发表于 2016-7-28 00:27
nep要咖啡机来搞?  发表于 2016-7-27 22:11

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x 45
发表于 2016-7-28 17:22 | 显示全部楼层
永远就是不争气,被压下来了。

点评

谢谢分享。。。  发表于 2016-8-2 22:37
庄洗的好凶  发表于 2016-7-28 19:17

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x 5
发表于 2016-7-28 17:39 | 显示全部楼层
同感,以为可以順住个势再升。希望調整再冲

点评

Yeah, huat ahh  发表于 2016-8-7 17:56
希望真的是调整  发表于 2016-7-28 21:14
消息出,庄也出  发表于 2016-7-28 19:19
看到这些点评让我想到cc大了。。。。  发表于 2016-7-28 19:03

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x 49
发表于 2016-7-28 21:17 | 显示全部楼层
希望明天会好一点

点评

当然啦啦啦。。  发表于 2016-8-7 17:56
来自安卓手机客户端

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x 1
发表于 2016-7-28 21:28 | 显示全部楼层
又跌下来了, 买一些收藏。

点评

Xie xie fen xiang...  发表于 2016-8-7 17:55

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x 8
发表于 2016-7-29 11:37 | 显示全部楼层
VS need to wait and hold for mid long term.

点评

谢谢分享。。。  发表于 2016-8-2 22:36
谢谢分享。。。  发表于 2016-8-2 22:36

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