YHI INTERNATIONAL Reports Decreases in Revenue and Net Income for FY2023 Q2

August 15, 2023

🌥️Earnings Overview

On August 11 2023, YHI ($SGX:BPF) International reported total revenue of SGD 186.6 million and net income of SGD 7.5 million for the second quarter of fiscal year 2023, which ended June 30 2023. This represented decreases of 17.6% and 52.4%, respectively, compared to the same period in the prior year.

Market Price

On Friday, YHI INTERNATIONAL reported their financial results for the second quarter of FY2023. The company reported a decrease in both revenue and net income for the quarter compared to the same period last year. The financial results of YHI INTERNATIONAL had a significant impact on its stock performance. On Friday, the stock opened at SG$0.5 and closed at SG$0.5, down by 1.0% from last closing price of 0.5. This marked the lowest price the stock had seen in over five years. The decrease in revenue and net income could be attributed to a number of factors including changes in economic conditions, fierce competition in the market, and a slow growth in demand for its products. Despite the decreases in revenue and net income, YHI INTERNATIONAL remains confident in its ability to generate positive results in the coming quarters. The company has implemented a number of strategies to improve its financial performance including cost cutting measures, new product developments, and increased marketing efforts. These efforts are expected to result in an increase in both revenue and net income for the remainder of FY2023. Overall, YHI INTERNATIONAL’s reported financial results for FY2023 Q2 signal a decrease in the company’s overall performance. The stock had reacted negatively to the news, resulting in a decrease of 1.0% from last closing price.

However, the company remains confident that its various initiatives will result in an improvement in performance in the coming quarters. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Yhi International. More…

    Total Revenues Net Income Net Margin
    390.94 12.49 2.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Yhi International. More…

    Operations Investing Financing
    30.23 -2.99 -36.74
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Yhi International. More…

    Total Assets Total Liabilities Book Value Per Share
    378.77 98.31 0.93
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Yhi International are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    -1.3% -3.0% 5.8%
    FCF Margin ROE ROA
    6.3% 5.2% 3.8%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Analysis

    GoodWhale has closely examined the fundamentals of YHI INTERNATIONAL and analyzed them using our methods. According to our Star Chart, YHI INTERNATIONAL is strong in asset, dividend, and medium in profitability, but weak in growth. Thanks to its high health score of 10/10, which is based on its cashflows and debt, we conclude that YHI INTERNATIONAL is capable to pay off debt and fund future operations. Therefore, we classify YHI INTERNATIONAL as a ‘cow’, a type of company that has the track record of paying out consistent and sustainable dividends. Investors who are looking for a reliable and long-term dividend income might find YHI INTERNATIONAL an attractive option. Since YHI INTERNATIONAL is a ‘cow’ with a proven history of paying dividends, investors can expect continued dividends in the future. Furthermore, YHI INTERNATIONAL’s strong assets and medium profitability make it an ideal choice for investors who seek reliable returns and value appreciation. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis




  • Peers

    The Company operates its businesses through three segments: Tyre and Battery segment, Wheel segment, and Others. The Company’s products are sold under the brand names of YHI, Aptany, and Starfire. It has operations in Singapore, Malaysia, China, Hong Kong, Taiwan, Indonesia, the Philippines, Vietnam, Cambodia, Laos, Myanmar, Thailand, Sri Lanka, Nepal, India, Australia, New Zealand, United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, South Africa, Nigeria, Ghana, Ethiopia, Kenya, Tanzania, Uganda, Mozambique, Angola, Ecuador, Peru, Chile, Colombia, Venezuela and Brazil. The Company’s competitors include Stamford Tyres Corp Ltd, Hwa Fong Rubber (Thailand) PCL, Apollo Tourism & Leisure Ltd.

    – Stamford Tyres Corp Ltd ($SGX:S29)

    Stamford Tyres Corporation Limited is a Singapore-based investment holding company. The Company, through its subsidiaries, is engaged in the manufacture and sale of tyres for passenger cars, commercial trucks, light trucks, buses, motorcycles, bicycles and other related products. The Company’s segments include Manufacturing and Distribution, and Investment Holding. The Manufacturing and Distribution segment is engaged in the manufacture and sale of tyres. The Investment Holding segment is engaged in the provision of management services. The Company operates in Singapore, Malaysia, Indonesia, Vietnam, Thailand, Taiwan, China, Hong Kong, Australia, New Zealand, the Middle East, Africa and Europe.

    – Hwa Fong Rubber (Thailand) PCL ($SET:HFT)

    Hwa Fong Rubber (Thailand) Public Company Limited is a leading manufacturer and exporter of automotive and motorcycle tires in Thailand. The company has a market capitalization of 4.31 billion as of 2022 and a return on equity of 9.11%. Hwa Fong Rubber (Thailand) Public Company Limited is a part of the Hwa Fong Group, which is one of the largest manufacturers of tires in the world. The company has a strong presence in the Southeast Asian market and has a growing market share in other parts of the world. Hwa Fong Rubber (Thailand) Public Company Limited manufactures and exports a wide range of tires for passenger cars, trucks, buses, motorcycles, and other vehicles. The company has a modern manufacturing facility in Thailand and employs state-of-the-art technology to produce high-quality tires. Hwa Fong Rubber (Thailand) Public Company Limited has a strong research and development team that continuously works on improving the quality of its products. The company has won several awards for its products and is committed to providing its customers with the best possible products and services.

    – Apollo Tourism & Leisure Ltd ($ASX:ATL)

    Apollo Tourism & Leisure Ltd is an Australian company that focuses on the manufacture, import, and distribution of recreational vehicles and related accessories and parts. The company operates through three segments: Manufacturing, Importation and Distribution, and Rental Operations. The Manufacturing segment designs, manufactures, and sells a range of recreational vehicles under the Apollo, Regency, and Corona brands. The Importation and Distribution segment imports and distributes a range of recreational vehicles and related accessories and parts. The Rental Operations segment offers a range of recreational vehicles for rent.

    Summary

    YHI International reported a significant decrease in total revenue and net income in their second quarter of FY2023. Total revenue for the quarter ending June 30 2023 was down 17.6%, to SGD 186.6 million and net income decreased by 52.4%, to SGD 7.5 million. Investors should closely monitor the company’s performance in the coming quarters for further insight into YHI International’s financial health. Additionally, investors should consider comparing YHI International’s performance to that of its peers in order to gain a better understanding of the company’s value.

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