Jaycorp Berhad

KUALA LUMPUR: Affin Hwang Capital has terminated coverage on Jaycorp Bhd due to a reallocation of resources and given the low trading liquidity.

© New Straits Times Press (M) Bhd

Quarterly rpt on consolidated results for the financial period ended 30/04/2024

KUALA LUMPUR: Jaycorp Bhd is expected to see lower furniture sales moving forward, due to the weaker consumer sentiment on discretionary spending including furniture as well as potential weakness in its export channels.

© New Straits Times Press (M) Bhd

JAYCORP - Notice of Book Closure

First Interim Dividend (Amended Announcement)

OTHERSJAYCORP BERHAD ("the Company" or "Jaycorp")
- Declaration of First Single-Tier Interim Dividend in respect to financial year ending 31 July 2024

JAYCORP - Notice of Book Closure

First Interim Dividend

Quarterly rpt on consolidated results for the financial period ended 31/01/2024

General Meetings: Outcome of Meeting

Quarterly rpt on consolidated results for the financial period ended 31/10/2023

Positive business outlook by $JAYCORP / 7152 (JAYCORP BERHAD): To achieve better results in 2024.

Jaycorp operates in five main business segments, which are furniture (the main contributor of total revenue accounted for approximately 59.7% of total revenue in FY22), packaging, wood processing, renewable energy, and construction. Other than that, Jaycorp also operates business in general trading, transportation, property letting, and printing.

Asia and North America is the group’s key market as they contributed 81.8% and 12% of total revenue in FY23 respectively.

As in the figure below, the revenue of the group in FY23 was lower than in FY22 due to an overall decline in demand in export markets (all regions) and the local market, the deemed disposal of a subsidiary (PT Tiga Mutiara Nusantara becoming a joint venture company) and disposal of a subsidiary (Digital Furniture Sdn Bhd). For each detail of the segmental result, I will sum up in short based on the group’s latest annual report below:

- Furniture segment: declined from RM23.32M to RM18.08M in FY23 due to decreased sales to North America and local markets, along with the disposal of a subsidiary (Digital Furniture Sdn Bhd)

- Packaging segment: decreased from RM4.8M to RM2.1M in FY23 due to lower demand from existing internal and external customers in the furniture industry.

- Wood processing segment: increased from RM2.2M (loss) to RM0.4M in FY23 due to lower inventory write-down.

- Renewable energy segment: increased from RM1.1M to RM1.7M in FY23 due to increased offtake by existing and new customers.

- Construction segment: decreased from RM5M to RM0.9M in FY23 due to reduced construction margins and impairment of receivables

- Others segment: decreased from RM0.8M to RM0.1M in FY23 due to lower intercompany sales.

The group's financial performance for the fiscal year 2023 is of course considered less favorable, evident from the significant declines across various segments. In response to this, the management has stated in their latest annual report that they are committed to improving results in the coming year. In the manufacturing and furniture segments, the group will concentrate on cost control, exploring new markets, and developing new products. In the packaging segment, in addition to trimming production costs, the group will continue to upgrade machinery to enhance operational efficiency, with the expectation of maximizing net profit in this segment. Moreover, the acquisition of 9 acres of leasehold land in Johor is seen as an opportunity for the group to supply carton boxes to furniture manufacturers, particularly at the Muar Furniture Park in the future. Considering the Sabah government's active implementation of a tourism revitalization strategy, the management anticipates that Jaycorp Engineering & Construction Sdn Bhd will take advantage of these opportunities to enhance the group's future earnings, especially in the construction and property segments. Lastly, with this positive sentiment, there is a possibility that it will have a positive impact on other segments as well.

1) Proposed Renewal of Shareholders' Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature; (2) Proposed New Shareholders' Mandate For Recurrent Related Party Transactions of a Revenue or Trading Nature; and (3) Statement to Shareholders in relation to Proposed Renewal of Authority for the Company to purchase its own shares

Annual Report & CG Report - 2023

General Meetings: Notice of Meeting

10 Stocks related to Furniture & Fittings

The furniture industry in Malaysia has come a long way from its small-scale beginnings. It has grown into a key player in the country's economy, known worldwide for its top-notch, trendy, and reasonably priced furniture. Moreover, it's also adopting Industry 4.0 ideas to boost efficiency and stay competitive in response to the increasing global demand for furniture.

We've taken note of 10 companies listed on the Bursa Malaysia in the furniture industry. Have you come across any of them that have caught your attention? Are you seeing any promising investment possibilities among these companies?

Let us know in the comment section below!

$SIGN / 7246 (SIGNATURE INTERNATIONAL BERHAD) $JAYCORP / 7152 (JAYCORP BERHAD) $ECOMATE / 0239 (ECOMATE HOLDINGS BERHAD) $YOCB / 5159 (YOONG ONN CORPORATION BERHAD) $TAFI / 7211 (TAFI INDUSTRIES BERHAD)

OTHERSJAYCORP BERHAD ("JAYCORP" OR "COMPANY")

(1) PROPOSED RENEWAL OF SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OR TRADING NATURE

(2) PROPOSED NEW SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIIONS OF A REVENUE OR TRADING NATURE

(3) PROPOSED RENEWAL OF AUTHORITY FOR THE COMPANY TO PURCHASE ITS OWN SHARES

JAYCORP - Notice of Book Closure

Quarterly rpt on consolidated results for the financial period ended 31/07/2023

Final Dividend

Change of Company Secretary - M. CHANDRASEGARAN A/L S. MURUGASU

Change of Company Secretary - KONG MEI KEE

Change in Boardroom - MR KONG CHEE WENG

Change in Remuneration Committee - MR IVAN OH BOON WEE

Change in Nomination Committee - CIK BIANCA DANIELLA LIND

Quarterly rpt on consolidated results for the financial period ended 30/04/2023

OTHERSJaycorp Berhad ("the Company")
- Share Sale Agreement between Bo Eng Chee; and Bo Lireen; and Bo Li Siong; and Jason Koh Jian Hui (collectively, referred as "the Purchasers")

Change in Audit Committee - MR IVAN OH BOON WEE

Change in Audit Committee - MR KONG CHEE WENG

Change in Audit Committee - CIK PATRICIA UBING@ MAGDALENE EDWARD