Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last 0.74 MYR
Change Today 0.00 / 0.00%
Volume 2.0M
MIEC On Other Exchanges
Symbol
Exchange
Kuala Lumpur
As of 4:57 AM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

mieco chipboard berhad (MIEC) Snapshot

Open
0.73
Previous Close
0.74
Day High
0.76
Day Low
0.72
52 Week High
07/27/15 - 1.22
52 Week Low
12/16/14 - 0.36
Market Cap
154.4M
Average Volume 10 Days
5.7M
EPS TTM
0.14
Shares Outstanding
210.0M
EX-Date
07/27/07
P/E TM
5.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for MIECO CHIPBOARD BERHAD (MIEC)

Related News

No related news articles were found.

mieco chipboard berhad (MIEC) Related Businessweek News

No Related Businessweek News Found

mieco chipboard berhad (MIEC) Details

Mieco Chipboard Berhad, an investment holding company, engages in the manufacture, marketing, and sale of chipboards and related products primarily in Malaysia. The company offers plain boards, which are used as a material for home and office furniture, wall panels, worktops, and hifi-speaker boxes; decorative melamine faced chipboards that are used for interior decoration applications for the home, kitchen, and office furniture; and decorative electron beam foil chipboard for offices, kitchen cabinets, and home furniture. It also provides decorative polymer faced chipboards used for home and office furniture applications; worktops for use by home-builders and interior architectural designers; direct post formed boards for office furniture tops and drawer fronts, kitchen cabinet doors, and shelving panels; DIY furniture series under the MIECO Livin Style brand name; and decorative high pressure laminate chipboards under the Duropal brand name. It exports its products to approximately 20 countries, including China, Taiwan, Japan, Korea, Hong Kong, South East Asia, the Indian subcontinents, the Middle East, Africa, and the Australasian countries. The company was incorporated in 1972 and is based in Kuala Lumpur, Malaysia.

Founded in 1972

mieco chipboard berhad (MIEC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

mieco chipboard berhad (MIEC) Key Developments

Mieco Chipboard Bhd Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Mieco Chipboard Bhd reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of MYR 90,565,000 compared to MYR 88,044,000 a year ago. Profit from operations was MYR 8,610,000 compared to MYR 5,657,000 a year ago. Profit before taxation was MYR 6,770,000 compared to MYR 3,408,000 a year ago. Against the same quarter last year, the Group doubled pre-tax profit to MYR 6.8 million in 2015 mainly from higher selling prices, more value-added sales and lower raw material costs particularly for glue and raw wood. Net profit attributable to owners of the company was MYR 6,735,000 compared to MYR 3,027,000 a year ago. Total comprehensive profit attributable to owners of the company was MYR 6,735,000 or MYR 3.21 per share compared to MYR 3,027,000 or 1.44 sen per basic share a year ago. For the six months, the company reported revenue of MYR 170,841,000 compared to MYR 163,596,000 a year ago. Profit from operations was MYR 13,762,000 compared to MYR 5,034,000 a year ago. Profit before taxation was MYR 10,009,000 compared to MYR 504,000 a year ago. Net profit attributable to owners of the company was MYR 9,956,000 compared to net loss of MYR 147,000 a year ago. Total comprehensive loss attributable to owners of the company was MYR 9,954,000 or 1.44 sen per basic share compared MYR 147,000 or 0.07 sen per basic share a year ago. Net cash flows from operating activities were MYR 19,136,000 compared to MYR 5,895,000 a year ago. Purchases of property, plant and equipment was MYR 773,000 compared to MYR 426,000 a year ago. Group revenue for first half of the year rose 4% due to better plain board selling prices and higher sales volume of value-added products. The Group's significant improvement in performance is due to a resilient domestic demand with increased gross margins from overall better selling prices and more value-added sales, favorable raw material prices and improved plant operations.

Mieco Chipboard Bhd, Annual General Meeting, Jun 25, 2015

Mieco Chipboard Bhd, Annual General Meeting, Jun 25, 2015., at 10:00 Singapore Standard Time. Location: Dewan Berjaya, Bukit Kiara Equestrian & Country Resort, Jalan Bukit Kiara, Off Jalan Damansara. Agenda: To receive the Audited Financial Statements for the financial year ended 31 December 2014 and the Reports of the Directors and auditors thereon; to approve the payment of directors' fees of MYR 108,000.00 for the financial year ended 31 December 2014; to re-elect Mr. Low Kim Seng who retires pursuant to Article 81 of the company's Articles of Association; to re-appoint Dato' Seri Mohamed Daud Bin Abu Bakar, retiring pursuant to Section 129 of the Companies Act 1965; to appoint Messrs Deloitte as Auditors of the company in place of the retiring Auditors, Messrs PricewaterhouseCoopers for the financial year ending 31 December 2015 and to authorise the Directors to fix their remuneration; and to retain Lt. Gen. (R) Dato' Seri Mohamed Daud Bin Abu Bakar, Dato' Dr. Amarjit Singh A/L Santokh Singh and Dato' Dr Amarjit Singh A/L Santokh Singh as Independent Non-Executive Directors.

Mieco Chipboard Bhd Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Mieco Chipboard Bhd reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of MYR 80,276,000 compared to MYR 75,552,000 a year ago. Profit from operations was MYR 5,153,000 compared to loss from operations of MYR 623,000 a year ago. Profit before taxation was MYR 3,240,000 compared to loss of MYR 2,904,000 a year ago. Net profit attributable to owners of the company was MYR 3,222,000 or 1.53 sen per basic share compared to net loss of MYR 3,174,000 or 1.51 sen per basic share a year ago. Net assets per share attributable to equity holders of the company was MYR 1.32 compared to MYR 1.30 a year ago. Net cash flows from operating activities was MYR 6,787,000 compared with MYR 1,481,000 a year ago. Purchases of property, plant and equipment was MYR 364,000 compared to MYR 179,000 a year ago. Group revenue was up 6% quarter on quarter on the back of sustained domestic demand with increased selling prices and more delivery of higher margin products. The improved performance is attributable to higher selling prices and lower raw material costs. Profit before tax for the Group reduced 5 mainly due to the gain on sale of land and buildings in Semambu in the preceding quarter.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
MIEC:MK 0.74 MYR 0.00

MIEC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for MIEC.
View Industry Companies
 

Industry Analysis

MIEC

Industry Average

Valuation MIEC Industry Range
Price/Earnings 5.0x
Price/Sales 0.4x
Price/Book 0.5x
Price/Cash Flow 3.2x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact MIECO CHIPBOARD BERHAD, please visit www.mieco.com.my. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.