$MRDIY(5296.MY)$
The new store helped earn 145 million dollars in the first quarter, and Mr. DIY paid 1 cent per share in dividends
Thanks to the opening of 173 new stores, Mr. DIY (MRDIY, 5296, motherboard consumer stock)'s net profit for the first quarter of fiscal year 2024 rose 13.39% year over year to RM144.882,000, while also paying 1 cent per share.
For the first quarter of the 2024 fiscal year ending at the end of March, revenue was reported at RM1,143,501,000, up 9.24% year over year.
According to the statement, the increase in revenue was mainly due to the addition of new stores. As of the first quarter of fiscal year 2024, the number of stores had increased by 15.4%, from 1125 to 1,298.
However, the increase in new stores also led to a year-on-year increase of 17.5% and 13.8% in management and other operating expenses. In the future, these management expenses will also increase at the same time as the Group's expansion.
CEO Wang Cuiren said that although it is still facing inflationary pressure, the company is concerned that this will pose a challenge to many households, so it is committed to keeping daily necessities at low prices.
Despite this, Wang Cuiren is confident about his future prospects and performed well in the first quarter of 2024. He believes this trend will continue throughout 2024.
The company plans to add 180 stores this year and break the target of 2,000 stores by 2028.”
As for the dividend exclusion date and payment date, they fall on May 30 and June 21, respectively.
$FTSE Bursa Malaysia KLCI Index(.KLSE.MY)$
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$KAWAN(7216.MY)$
#KAWAN全年营业历史新高
#现金也GaoGao
China's consumer stocks have mostly entered a bottleneck period in the past few years due to lack of demographic dividend stimulus. However, in 2023, the turnover of some food consumer companies improved greatly through acquisitions and exports.
Among them, F&N, OFI, HUPSENG, ABLEGLOB, APOLLO, and KAWAN have record sales figures. With the exception of KAWAN, the stock prices of several other companies have broken through 52-week highs. The gradual decline in the price of raw materials is also the main reason for these companies' margin and profit growth.
KAWAN is a frozen food company that everyone is familiar with. In 23Q3, there was a one-time loss close to RM4 mile, including foreign exchange losses and inventory cancellation. Assuming deductions, Q4's profit YOY can grow by more than 30%.
KAWAN's total PAT over the past 3 years is RM100.9 mil, and the average annual PAT is RM33.6 mil. Due to abundant production capacity, the company's CAPEX was not high, and the company's cash reached a new high year after dividends were paid. Therefore, the company will continue to shareBuyBack in 2024 with RM22.9 mil Share BuyBack, which is equal to 76% PAT in 2023.
In the outlook, the company said 2...

I picked up a ton during the pandemic in the low $50s. I'll hold it forever but can't buy anymore for weighting reasons. $The Toronto-Dominion Bank(TD.CA)$

$Amazon(AMZN.US)$ Rising wages, labor shortages, supply chain bottlenecks leading to extra costs were the name of the game in Q3. This seems like it's a theme that will continue into, and probably beyond, the all-important Q4 holiday season for e-commerce. It will be difficult to pass costs on to consumers during this highly competitive quarter.
On a whole, the numbers were not awful, but they also were not impressive. Total revenue for the quarter was $110.8B, up 15% from Q3 2020 which came in at $96.1B. Costs were up significantly, however, and operating income for the quarter dropped to $4.9B from $6.2B a year ago. Cash from operations was also down from $12B in Q3 2020 to $7.3B in Q3 2021. Inventory, shipping, and labor costs are likely culprits. Diluted earnings per share were chopped in half to $6.12 from $12.37 a year ago.
Taken separately, the ecommerce figures were very discouraging. Product sales were up a mere 4% from Q3 2020. Yes, there is a COVID-19 effect to factor in, however, this is anemic any way one slices it. On a whole, the ecommerce segments of North America and International were net unprofitable for the quarter, losing $31M in operating income. The retail business has never been hugely profitable, however, investors have been hoping that scaling would lead to better profitability. Instead, AWS is the saving grace.
There is a great disparity between the revenue and income produced by AWS as compared to the bulky e-commerce segments.
As shown above, despite taking in only 13% of revenues, AWS was responsible for more than 50% of operating profits for the first two quarters of 2021. AWS as a segment has tremendous margins. This trend has been exacerbated in Q3.
Below I have updated the figures for Q3 2021 and the nine months then ended.
As we can see, the Q3 numbers are skewed as the e-commerce business posted an operating loss. However, this is no less telling. For the first three quarters of 2021, this trend has accelerated from over 50% to now well over 60% of operating profits being provided by AWS. With its impressive growth, the total revenue provided by AWS is also up from 13% to 15%.
It truly is a tale of two companies. However, it should be three.