汽车零件商 - Delloyd

我投机Delloyd的主要考量：

• 51% owned PT Asian Auto International (PT AAI) in Indonesia. PT AAI is involved in the manufacturing and assembly of 18 meter high-floored articulated compressed natural gas (CNG) buses under the “KOMODO” brand for the bus rapid transit system in Jakarta.，Delloyd expects to deliver 25 buses by November 2010 and is likely to secure a tender for new orders of 48 and 50 buses for FY11 and FY12 respectively
• 40% owned Brose Delloyd Automotive Co. Ltd will begin operations in May 2011, it will be supplying market window regulators and door systems for vehicles.
• Vehicle distribution group has downsized the number of outlets from 17 to 4 over the years to contain losses while seeking innovative ways to improve yield per outlet. It has been able to breakeven since 1Q’10 , The Group began distributing China commercial vans in early 2010 and now the Group is the distributor for foreign makes such as Suzuki, Hyundai and Jin Bei brands besides acting as distributor for Malaysian national car, Proton.
• CPO mill with the initial processing capacity of 60 MT FFB/hour, the commissioning of the mill is expected to commence by the 2Q’2010. Going forward, we expect to earn higher revenue and gain better margins from selling CPO.
• FFB output increased and further fueled by the high CPO prices.
• Share Buyback – ctd bought back 2,353,500 or 2.53% (recent share bought back at RM3.19-3.39range in Dec’10.
• Expected 10 sen dividend payout for FY10