What’s Up? … dated April 2011
Mineral and drinking water bottler is finalizing a deal to increase exports to Japan to alleviate the shortage there due to radioactivity is seeping into there drinking water.
It expects the seal using present and new dealership channels. The dealers have informed them that there is high demand for mineral water and are expecting to finalize additional supplies to Japan in coming week.
The company says additional orders from Japan may boost its shipment to Japan by 30% to 40%.
It has a fairly healthy balance sheet with strong operating cash flow. As at Nov 30, 2010 it had net dents of rm61.24 million. Its net cash generated from operating activities increased to rm14.24 million as at Nov 30.
It is an associate of its single largest shareholder … Yee Lee Corp Bhd, which has a 46.4% stake. Its next largest shareholder is Amanah Raya Trustess Bhd which holds 5.17% stake.
The additional orders from Japan will help the company expand its market shares. But it may only be temporary as the business is such that when margins improve, more companies jump on the bandwagon.
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