【SASBADI 5252 交流专区】文语控股

icy97

Date of change	03 May 2016
Name	MISS LAW YI CHIAN
Age	28
Gender	Female
Nationality	Malaysia
Designation	Executive Director
Directorate	Executive
Type of change	Appointment
Qualifications	1) Bachelor of Arts in Media & Communication from the University of Melbourne, Australia2) Master of Management in Marketing from the University of Melbourne, Australia
Working experience and occupation	Ms Law Yi Chian had approximately two-and-a-half (2 ½) years of work experience in the areas of media sales, marketing and communications prior to joining Sasbadi Holdings Berhad ("the Company") as the Group Marketing and Communications ("MARCOM") Manager in December 2014.As the Group MARCOM Manager, she is responsible for planning and implementing marketing strategies for the Company and its subsidiaries ("the Group") to generate brand and product awareness. In addition, she also oversees the Group's marketing events which involve business and consumer interactions, and manages the Group's corporate communications with external stakeholders in relation to brand and product related matters.
Directorships in public companies and listed issuers (if any)	Nil
Family relationship with any director and/or major shareholder of the listed issuer	She is the daughter of Law King Hui, the Group Managing Director and a major shareholder of the Company..
Any conflict of interests that he/she has with the listed issuer	Nil
Details of any interest in the securities of the listed issuer or its subsidiaries	Nil
Due Date for MAP	03 Sep 2016

icy97

文语获华文课本印刷合约

财经  2016年05月18日
（吉隆坡18日讯）文语控股（SASBADI，5252，主板消费股）宣布，获得教育部颁发全马初中一年级华文科课本的出版及印刷合约，价值164万令吉。

文语控股是透过间接持股70%的子公司－The Malaya Press私人有限公司，获得这项2018年12月31日到期的合约。

文语控股管理层在文告中透露，首批课本价值146万令吉，將会从2017財政年（8月31日结账）开始做出盈利贡献。【东方网财经】

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTER OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION ("MoE")
1.         Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that the Company’s indirect subsidiary, The Malaya Press Sdn Berhad (“TMP”) (Note: TMP is a wholly-owned subsidiary of Sanjung Unggul Sdn Bhd, in which the Company holds a 70% equity interest acquired on 21 August 2015), has signed and accepted a Letter of Acceptance dated 18 May 2016 from the MoE to publish, print and supply the textbook for the subject of Chinese Language for Form 1 of the national schools throughout Malaysia (“Contract”). The Contract is for the period from 18 May 2016 to 31 December 2018 at a total contract value of RM1,640,000.00. 2.         Financial Effects The Contract will not have any material effect on the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2016 as TMP is only expected to deliver the first tranche of the Contract worth approximately RM1,462,500.00 to the national schools throughout Malaysia in the first quarter of the financial year ending 31 August 2017.  In this regard, the Contract is only expected to contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2017 onwards, during the duration of the Contract. 3.         Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract.  The Company will take the necessary steps to mitigate the risks as and when they occur. 4.         Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the Contract. 5.         Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is in the ordinary course of business and in the best interest of the Company. This announcement is dated 18 May 2016.

icy97

icy97 发表于 25-11-2015 02:35 AM

文语与南方出版终止备忘录

财经新闻 财经  2016-05-26 11:49
（吉隆坡25日讯）文语控股（SASBADI，5252，主板消费产品股）终止与中国南方出版传媒有关探索合作商机的了解备忘录。

根据文告，随着该备忘录的延长期限在上周六（5月21日）结束后，双方因而终止该备忘录。

双方在去年11月24日，签署这项备忘录，合作探索商机，以及利用双方的智慧财产权、数码教学资源和科技，以及网上教学平台。

南方出版传媒位于广州，业务包括编辑、出版和分销书籍、杂志、数码出版和电子报等，旗下拥有8间出版社。【南洋网财经】

Type	Announcement
Subject	MEMORANDUM OF UNDERSTANDING
Description	SASBADI HOLDINGS BERHAD ("Sasbadi Holdings" or "the Company")-        MEMORANDUM OF UNDERSTANDING WITH SOUTHERN PUBLISHING AND MEDIA COMPANY LIMITED
Reference is made to the announcements dated 24 November 2015 and 22 February 2016 in relation to the Memorandum of Understanding entered into by Sasbadi Holdings and Southern Publishing and Media Company Limited on 23 November 2015 (“MoU”). The Board of Directors of the Company wishes to announce that the MoU has been terminated upon the expiry of the extended period of the MoU on 21 May 2016. This announcement is dated 23 May 2016.

icy97

下半年表现趋软　文语財测下调

财经  2016年06月20日
(吉隆坡20日讯)在会见文语控股（SASBADI，5252，主板消费股）管理层后，分析员把该公司2016財政年盈利预测调低4%，因预测下半年表现会走软。

丰隆研分析员表示，在上周会见文语控股首席財务员邓润健后，了解公司交出略微上扬的业绩表现，是因为公司须动用更多资源竞投教科书合约。

若不纳入来自Sanjung Unggul私人有限公司的应用学习產品及网上业务，其毛利实际按年下跌11%。同时，图书盈利也下滑，主要是文语私人有限公司重新塑造一些书籍名称。

在26家教科书竞爭公司中，文语控股共贏得940万令吉的合约，而这些教科书將在2017年交货及使用。

此外，该公司位於哥打白沙罗（Kota Damansara）的第1家学习中心，原本计划在今年下半年开张，但管理层决定延迟，因目前正在重新审视其商业模式。

儘管稍微延迟开张，分析员相信，建立应用学习中心，將会对公司未来发展有利，因大马越来越看重科学、科技、工程及数据教育。

分析员指出，若是不把Sanjung Unggul纳入考量，预测文语控股今年內部增长可交出高单位数增长。该公司直接销售业务的Mindtech教育私人有限公司，其会员高达700至800人。有鑑於此，分析员相信这將促进公司网上业务增长。

然而，虽然是不受到经济衰退直接影响的业务，但分析员相信，会受到消费者购买力疲软及艰困的经营环境所影响。因此，预测今年下半年表现將会放缓。

另一方面，该公司旗下PT.Penerbit Erlangga的网上教育產品认购率，也低於分析员预测。因此，分析员对文语控股2016財政年盈利预测调低4%。

不过，该分析员仍看好该公司，归功於强劲的自由现金流（FCF），可让公司持续创造与大马教育系统相关的產品，所以重申「买进」投资评级，及1.55令吉目標价。【东方网财经】


文语控股表现趋软财测下修
2016年6月21日

icy97

文语拟435万购联营出版

2016年7月17日
（吉隆坡16日讯）文语控股（SASBADI，5252，主板消费产品股）计划以435万令吉，全购联营出版（United Publishing House）的股权。

根据文告，该公司今日和卖方签署股权买卖协议，收购联营出版的100%股权。

一旦完成收购，联营出版将成为文语控股的独资子公司。【e南洋】

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SASBADI HOLDINGS BERHAD-        PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN UNITED PUBLISHING HOUSE (M) SDN BHD
The Board of Directors of Sasbadi Holdings Berhad (“Sasbadi Holdings” or “the Company”) is pleased to announce that the Company has on 15 July 2016 entered into a share acquisition agreement (“SAA”) with Wong Chee Kheong and Lim Biou Chong (collectively referred to as “the Vendors”) to acquire 100% of the issued and paid-up share capital of United Publishing House (M) Sdn Bhd (“United Publishing”), comprising 200,000 ordinary shares of RM1.00 each (“Sale Shares”), for a purchase price of RM4,350,000.00 only (“Purchase Price”) subject to the terms and conditions in the SAA (“Proposed Acquisition”). Upon completion of the Proposed Acquisition, United Publishing will become a wholly-owned subsidiary of Sasbadi Holdings. Please refer to the attachment for further details on the Proposed Acquisition. This announcement is dated 15 July 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5149525

Attachments Announcement_Proposed Acquisition of UPH.pdf

Pohheng90

这个还可以买吗

icy97

文语控股
业绩疲弱财测下修

2016年7月19日

分析：安联星展研究
目标价：1.40令吉

最新进展：

文语控股（SASBADI，5252，主板消费产品股）计划以435万令吉，全购联营出版的股权。

一旦完成收购，联营出版将成为文语控股的独资子公司。

这能让文语控股扩大中文刊物市占率的机会，同时能借助具竞争力的优势，提升联营出版的盈利和产品。

行家建议：

这项收购预计8月杪完成，预料可带来100至200万令吉盈利，公司有信心将联营出版转盈。

基于2016财年上半年业绩疲弱，以及成本偏高，文语控股的2016至2017财年净利预测下修11%。

文语控股上半年净利达870万令吉，仅占了我们全年净利预测的42%。

该公司在中小学教科书竞标活动的26项竞标中，赢得了4项，今年至今赢得的教科书合约总值达940万令吉。

文语控股的“买入”评级维持不变，目标价则从原本的1.43令吉，稍微下修至1.40令吉。



【e南洋】

Tony-Pua

文语控股第三季净利涨23%
2016年7月28日
http://www.enanyang.my/news/20160728/文语控股第三季净利涨23/

（吉隆坡27日讯） 文语控股（SASBADI，5252，主板消费产品股）截至5月杪第三季，净利按年涨23.4%至384万4000令吉，或每股净利1.38仙，高于去年同季的311万4000令吉。

第三季营业额报2241万6000令吉，按年扬升18.8%，超越去年同季的1886万8000令吉。

业绩亮眼归功于季节性学校学年的开始，课本出版和销售量也随之增加。

合计9个月，净利按年下跌4.5%，从1309万9000令吉，滑落至1251万1000令吉，或每股净利4.70仙。

同期营业额则按年上扬14.85%，至7730万2000令吉，超越去年同期的6730万4000令吉。

尽管经济不景气，但公司有信心于今年能取得4至4.5%的增长率，而私人业务为关键的驱动因素。

5252    SASBADI    SASBADI HOLDINGS BHD

Quarterly rpt on consolidated results for the financial period ended 31/05/2016

Quarter: 3rd Quarter Financial Year End: 31/08/2016 Report Status: Unaudited Submitted By: Current Year Quarter Preceding Year Corresponding Quarter Current Year to Date Preceding Year Corresponding Period 31/05/2016 31/05/2015 31/05/2016 31/05/2015 RM '000 RM '000 RM '000 RM '000 1 Revenue 22,416 18,868 77,302 67,304 2 Profit/Loss Before Tax 5,699 4,299 17,977 18,050 3 Profit/(loss) attributable to ordinary equity holders of the parent 3,844 3,114 12,511 13,099 4 Net Profit/Loss For The Period 4,057 3,114 13,041 13,099 5 Basic Earnings/Loss Per Shares (sen) 1.38 1.23 4.70 5.16 6 Dividend Per Share (sen) 0.00 0.00 1.00 3.00 As At End of Current Quarter As At Preceding Financial Year End 7 Net Assets Per Share (RM) 0.5100 0.4100

icy97

icy97 发表于 16-7-2016 03:48 AM
文语拟435万购联营出版

2016年7月17日
（吉隆坡16日讯）文语控股（SASBADI，5252，主板消费产品股）计划以435万令吉，全购联营出版（United Publishing House）的股权。

根据文告，该公司今日和卖方签署股权 ...

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED ACQUISITION OF 100% EQUITY INTEREST IN UNITED PUBLISHING HOUSE (M) SDN BHD ("PROPOSED ACQUISITION")
Reference is made to the announcement dated 15 July 2016 in relation to the Proposed Acquisition. The Board of Directors of Sasbadi Holdings Berhad (“Sasbadi Holdings”) is pleased to announce that the Proposed Acquisition has been completed today. In this regard, United Publishing House (M) Sdn Bhd has become a wholly-owned subsidiary of Sasbadi Holdings. This announcement is dated 12  August 2016.

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SASBADI HOLDINGS BERHAD(I)        PROPOSED ACQUISITION BY SASBADI SDN BHD, A WHOLLY OWNED SUBSIDIARY OF SASBADI HOLDINGS BERHAD, OF TWO (2) UNITS OF RETAIL LOTS LOCATED AT COVA SQUARE(II)        REVISION IN THE UTILISATION OF PRIVATE PLACEMENT PROCEEDS
The Board of Directors of Sasbadi Holdings Berhad (“Sasbadi Holdings” or “Company”) is pleased to announce that its wholly owned subsidiary, Sasbadi Sdn Bhd, has on 9 September 2016 entered into two (2) conditional sale and purchase agreements (“SPA(s)”) with THHT Resources Sdn Bhd to acquire two (2) units of retail lots distinguished as Parcel Nos. L1.09 and L1.10, each measuring 2,260 square feet, within Storey No. First Floor, Cova Square, held on all that leasehold land held under Master Title No. PN 80337 Lot 54636, Pekan Baru Sungai Buloh, District of Petaling, State of Selangor, for a total purchase price of RM2,600,000.00 (each unit of the properties for a purchase price of RM1,300,000.00), subject to the terms and conditions in the SPAs (“Proposed Acquisition”). Pursuant to the above, the Board also wishes to announce that there is a revision in the utilisation of the proceeds raised from the Private Placement exercise of the Company ("Revision in the Utilisation of Private Placement Proceeds"), among others, to finance the Proposed Acquisition. Please refer to the attachment for further details on the Proposed Acquisition and Revision in the Utilisation of Private Placement Proceeds. This announcement is dated 9 September 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5203489

Attachments SHB_Announcement_9Sept2016.pdf

icy97

文语控股
现金流强劲

2016年9月14日

丰隆投行研究
目标价：1.40令吉

最新进展:

文语控股（SASBADI，5252，主板消费产品股）子公司文语私人有限公司以260万令吉向THHT Resources私人有限公司收购位于双溪毛糯Cova Square的两个零售单位。

零售单位的大小为2260平方尺，在Cova Square的1楼。

目前，文语控股的另一家子公司Mindtech教育私人有限公司已在这两个零售单位运作。

文语控股将运用今年1月20日私下配售所获得的资金收购以上单位。

此外，公司将运用另外640万令吉偿还安联银行（Alliance Bank）的贷款，预计每年可省下52万令吉的利息。

行家建议:

这项收购对文语控股有利，因这允许文语控股集中资源发展直销网上教学产品的Mindtech，推动该业务的增长。

然而，Mindtech的直销业务仍在初始阶段，任何正面的营业额贡献，需要一段时间后才会贡献净利。

在收购零售单位与偿还贷款后，文语控股私下配售的资金，仍有590万令吉用于未来收购。

基于文语控股强劲的现金流、高增长率以及拥有创新产品吸引新时代年轻人，我们维持该股的“买入”评级，以及1.40令吉的目标价。



【e南洋】

icy97

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	SASBADI HOLDINGS BERHAD-        PROPOSED ACQUISITION BY SASBADI LEARNING SOLUTIONS SDN BHD, A WHOLLY OWNED SUBSIDIARY OF SASBADI HOLDINGS BERHAD, OF 100% EQUITY INTEREST IN DISTINCT MOTION SDN BHD
The Board of Directors of Sasbadi Holdings Berhad (“Sasbadi Holdings” or “Company”) is pleased to announce that its wholly owned subsidiary, Sasbadi Learning Solutions Sdn Bhd (“Sasbadi Learning Solutions”), has on 15 September 2016 entered into a share acquisition agreement (“SAA”) with Lok Kah Fai and Ainaa Atikah Binti Rosli to acquire 100% of the issued and paid-up share capital of Distinct Motion Sdn Bhd (“Distinct Motion”), comprising 740,000 ordinary shares of RM1.00 each, for a purchase price of RM850,000.00 only subject to the terms and conditions in the SAA (“Proposed Acquisition”). Upon completion of the Proposed Acquisition, Distinct Motion will become a wholly-owned subsidiary of Sasbadi Learning Solutions. Please refer to the attachment for further details on the Proposed Acquisition. This announcement is dated 15 September 2016.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5207349

Attachments SHB_Announcement-15Sept2016.pdf

icy97

文语控股
新收购展望中和

2016年9月20日

分析：丰隆投行研究
目标价：1.40令吉

最新进展

文语控股（SASBADI，5252，主板消费产品股）独资子公司Sasbadi Learning Solution私人有限公司，收购Distinct Motion有限公司的100%股权。

Distinct Motion主要业务为通过小工具、自动化系统和机器人来进行教学活动。

Distinct Motion子公司Distinct Element在白沙罗再也经营一家名为Little Botz的中心，并以机器人进行教学活动。

Distinct Motion在2015财年净亏4万2700令吉；截至5月31日，净资产约有47万8900令吉。

这项收购预计会在明年首季完成。

行家建议

文语控股会用在今年1月时私下配售所筹得的款项，来完成这项价值85万令吉的收购。

我们对这项收购保持中和的态度，现阶段任何正面贡献都是微不足道。

无论如何，相信这收购会扩大Sasbadi Learning Solution的主要业务，包括以机器人进行教学活动。

文语控股将从中纳入两家学习中心，这符合公司想要建立以科学、科技、工程和数学（STEM）为主的应用学习中心，

该公司的“买入”评级维持不变，目标价为1.40令吉。



【e南洋】

icy97

文語控股通過收購 提高外部成長擴充業務

2016年10月19日 買進券商心頭好

券商：肯納格證券研究
合理價：1.38令吉

文語控股（SASBADI，5252，主要板消費）有意通過策略收購帶來外部成長並擴展業務，同時也善用公司廣泛分銷網絡、內容發展來使收購案獲益。

雖然2015財年消費意願低迷，文語控股營業額仍交出11%增長，受惠于收購Sanjung Unggul集團，以及通過印刷出版改善銷售表現。國內人口持續增長以及學生數額攀升，相信也是貢獻因素。

在今年首9個月內，該公司的內部成長持平，銷量也是由收購的公司作出初步貢獻帶動；淨利方面則因承擔成本和資源而稍微下滑。

文語控股的策略是通過併購活動帶來擴展，因現有市場要取得內部成長的空間有限。

加上該公司目前在競標中的課本訂單，估計在2016和2017財年的銷售額可達9620萬令吉和1億1630萬令吉，淨盈利可有1640萬和2050萬令吉，按年增4%和25%。

同時，這兩年的每股派息估計為3.2仙和4仙，與管理層指示的50%派息率相符，相等于具有2.8%和3.5%收益。【中国报财经】

icy97

icy97 发表于 17-9-2016 03:05 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5207349

Type	Announcement
Subject	TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
Description	PROPOSED ACQUISITION BY SASBADI LEARNING SOLUTIONS SDN BHD, A WHOLLY OWNED SUBSIDIARY OF SASBADI HOLDINGS BERHAD, OF 100% EQUITY INTEREST IN DISTINCT MOTION SDN BHD ("PROPOSED ACQUISITION")
Reference is made to the announcement dated 15 September 2016 in relation to the Proposed Acquisition. The Board of Directors of Sasbadi Holdings Berhad is pleased to announce that the Proposed Acquisition has been completed today. In this regard, Distinct Motion Sdn Bhd has become a wholly-owned subsidiary of Sasbadi Learning Solutions Sdn Bhd. This announcement is dated 21 October 2016.

icy97

Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("SASBADI HOLDINGS" OR "COMPANY")LETTER OF ACCEPTANCE FROM THE MINISTRY OF EDUCATION MALAYSIA ("MoE")
1.         Introduction The Board of Directors of Sasbadi Holdings is pleased to announce that the Company’s wholly-owned subsidiary, Sasbadi Sdn Bhd, has today signed and accepted a Letter of Acceptance dated 25 October 2016 from the MoE to supply Lego Education robotics sets to primary and secondary schools in Malaysia for the expansion of the robotics programme (“Contract”). The Contract is for the period from 26 October 2016 to 31 December 2016 at a contract value of RM3,850,000.00 (inclusive of 6% of Goods and Services Tax). 2.         Financial Effects The Contract will contribute positively to the earnings and net assets of the Sasbadi Holdings Group for the financial year ending 31 August 2017. 3.         Risk Factors The Company does not foresee any exceptional risk other than the normal operational risks associated with the Contract.  The Company will take the necessary steps to mitigate the risks as and when they occur. 4.         Directors’ and/or Major Shareholders’ Interest None of the Directors and/or major shareholders of Sasbadi Holdings or persons connected with them has any interest, whether direct or indirect, in the Contract. 5.         Directors’ Statement The Board of Directors of Sasbadi Holdings is of the opinion that the Contract is in the ordinary course of business and in the best interest of the Company. This announcement is dated 27 October 2016.

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文语控股末季净利飙94%

2016年11月1日
（吉隆坡31日讯）文语控股（SASBADI，5252，主板消费产品股）截至8月31日末季，净利按年上扬94.35%，录得433万8000令吉，并宣布派息1.25仙。

由于收购联营出版（United Publishing Group）获利激励了当季净利表现。

反观同季，营业额按年下跌23.01%，报1589万9000令吉，因延迟收到课本重印订单及零售市场放缓。

累计全年，文语控股净利按年增6.73%，录得1684万9000令吉；营业额升5.97%，报9320万1000令吉。

文语控股对下财年的展望和表现持正面态度。

该集团会持续发展和推介新教育产品和材料，并加强直销和网络营销管道，以通过Mindtech教育销售线上和数码产品。

该集团还会持续参与课本竞标和教育局旗下的其他竞标。也放眼收购出版、教育或与教育有关业务，与集团现有业务互补。【e南洋】

SUMMARY OF KEY FINANCIAL INFORMATION 31 Aug 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Aug 2016	31 Aug 2015	31 Aug 2016	31 Aug 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	15,899	20,650	93,201	87,954
2	Profit/(loss) before tax	4,217	3,360	22,194	21,410
3	Profit/(loss) for the period	4,236	2,687	17,277	15,786
4	Profit/(loss) attributable to ordinary equity holders of the parent	4,338	2,232	16,849	15,331
5	Basic earnings/(loss) per share (Subunit)	1.55	0.88	6.25	6.04
6	Proposed/Declared dividend per share (Subunit)	1.25	2.00	2.25	5.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.5300		0.4100

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Type	Announcement
Subject	OTHERS
Description	SASBADI HOLDINGS BERHAD ("Sasbadi Holdings" or "the Company")- PROPOSED FINAL SINGLE TIER DIVIDEND
The Board of Directors of Sasbadi Holdings is pleased to announce that the Directors has recommended the payment of a final single tier dividend of 1.25 sen per ordinary share of RM0.25 each in respect of the financial year ended 31 August 2016. The proposed final dividend is subject to the approval of the shareholders of the Company at the forthcoming Fourth Annual General Meeting. The entitlement date and payment date for the proposed final dividend will be determined and announced by the Company in due course. This announcement is dated 31 October 2016.

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券商给予文语控股正面前景并调高目标价
By Surin Murugiah / theedgemarkets.com   | November 1, 2016 : 10:28 AM MYT

（吉隆坡1日讯）券商重申文语控股（Sasbadi Holdings Bhd）“买入”评级，根据2017年的本益比17倍，调高目标价至1.58令吉（此前为1.40令吉）。

安联星展投资银行股票部副总裁Cheah King Yoong表示，他仍偏好文语控股，因为该公司是教育部和其实践管理团队的最好代理人之一。

“剔除430万令吉的负面商誉认可后，该集团2016财政年核心盈利报1250万令吉，低于我们和其他券商的预测。”

“主要区别在于重印一本教科书的合约推迟入账，在2017财年首季才能入账。”

Cheah认为，2016财年对文语控股来说是充满挑战的一年，因（1）2016年初耗费大量资源予中小学新教科书的招标，因而延迟推出新参考书，从2016财年次季推迟至第三季，从而导致收入减少，（2）加快教科书招标的较高成本及建立网络营销业务，以及（3）合约确认的时间差异。

“随着我们标得940万令吉的教科书合约，外加重印及机器人合约将在2017财年上半年为集团盈利带来进账，以及网络营销已开始成型，我们正面看待该集团未来的盈利前景。”

“我们也调整盈利预测，少于3%，主要是因为簿记（bookkeeping）。”

（编译：倪嫣鴽）

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文语控股
iL-Ace平台业绩看涨

2016年11月2日

分析：联昌国际投行研究
目标价：2.82令吉

最新进展：

文语控股（SASBADI，5252，主板消费产品股）截至8月31日末季，净利按年上扬94.35%至433万8000令吉，并宣布派息1.25仙。

同季营业额则按年下跌23.01%至1589万9000令吉。

行家建议：

文语控股（SASBADI，5252，主板消费产品股）2016财年核心净利（扣除负商誉）1250万令吉，比我们的全年预测低10%，归咎于劳力成本高涨。

另外，鉴于平板电脑和智能手机越发流行，我们认为公司推出的互动学习移动平台iL-Ace正合时宜，预测2017和2018年财年的销售额，分别可达2000万令吉和1.4亿令吉。

我们认为，iL-Ace产品的营业额和净利将爆炸性增长，因而预测2017至2017年每股净利的年均复增（CAGR）将高达72%。

公司传统出版业的税前赚幅为22%，而iL-Ace估计高达45%。

截至8月底公司净现金有600万令吉，加上年初私下配售筹得3160万令吉，将有助于公司未来的并购计划。

文语控股是我们其中一个首选的小型股，维持“增持”评级。



【e南洋】