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Interesting observations and many thanks for sharing.
I do believe that these issues rather highlights the changes in YiLai's business landscape.
Yes, on one hand, i strongly believe that the durability of the tile business will remain.... but the boom time as seen during Yilai's fiscal 2004 is perhaps over for now...
I don't think wood is a big threat to the use of tiles in homes. After all, like you said .. normally wood is only used upstairs and in rooms... Generally tiles or marble is still used downstairs (I could be wrong since I use cement on my 1 storey house ) :P
I notice the number of retail shops selling tiles has greatly increased.. Surely this is a sign of growing demand in the retail market maybe?
Tile will still be mainstream but margin is the key to profitability.
I m seeing a change of trend of rich mansion using wood flooring rather than expensive tiles or marble. Even corporate is endorsing wood floor rather than tile nowsday due to fashion and easy of deploring.
If homogeneous tiles lost its appeal, then this will be a dample to kuda and all tile markers since they r v gung ho few years back on glazed tile.
Remember in old day the kitchen sink area is fixed with tiles? Now , we can use synthetic material which is better looking. I m seeing a lot of subsitute product to replace tile.
And if there is no catalyst for tile marker to make lot of moola, i m reluctant to sink with them. Having said that, i found out one of their price chart is intriguing. But that's topic for another thread......
nowsaday, wood flooring is not like those "paket" u knew 20 years ago. they are quite water resistant and of course no one will live in an inundated place for long time.
It takes like 2 days to fix a wood floor in standard house (some can do it in a day) and around 1 to 2 weeks for tiles. And, u can fix wood floor on top of tiles while u cant put tile on top of each other. Remember u need to throw those tiles which u digged out in the first place. This will add into the cost.
Moolah wrote: Interesting observations and many thanks for sharing.
I do believe that these issues rather highlights the changes in YiLai's business landscape.
Yes, on one hand, i strongly believe that the durability of the tile business will remain.... but the boom time as seen during Yilai's fiscal 2004 is perhaps over for now...
Yup.. the boom time as seen during Yilai's fiscal 2004 is over!
Yi-Lai Bhd (5048.KU) - Malaysia
3rd quarter ended Sep. 30:
Figures are in Ringgit (MYR).
2008 2007
Revenue 29,694,000 28,599,000
Pretax Profit 5,356,000 5,823,000
Net Profit 3,988,000 5,278,000
Earnings Per Share 2.51 Sen 3.30 Sen
Dividend 3.00 Sen 5.00 Sen
9 months ended Sep. 30:
Revenue 92,525,000 86,757,000
Pretax Profit 13,949,000 18,003,000
Net Profit 10,798,000 14,880,000
Earnings Per Share 6.77 Sen 9.30 Sen
Dividend 3.00 Sen 5.00 Sen