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James的股票投资James Share Investing

Author: James Ng   |   Latest post: Tue, 10 Dec 2019, 9:16 PM

 

[转贴] [SERBA DINAMIK HOLDINGS BHD:这集团已收购E&E Gas Sdn Bhd(「E&E」)42.26%股权,使这集团能够将其资产所有权业务模式扩展至天然气行业] - James的股票投资James Share Investing

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[SERBA DINAMIK HOLDINGS BHD:这集团已收购E&E Gas Sdn Bhd(「E&E」)42.26%股权,使这集团能够将其资产所有权业务模式扩展至天然气行业]

3Q18 vs 3Q17:
截至2018年9月30日止的季度(Q3FY18),由于O&M的强劲活动,世霸动力录得收入7.702亿令吉,较去年同期(Q3FY17)高17.9%。世霸动力的税前利润为9,710万令吉,较2017财年第3季度的除税前利润8,580万令吉增加13.2%。

O&M在Q3FY18贡献了90.6%的收入,比2017财年第三季度增加了1.303亿令吉或22.9%。增加的原因是他们在中东地区的MRO活动增加,而IRM活动也显示出对2017财年第3季度的一些增长。这个部门经营利润改善为1.21亿令吉或毛利率为17.1%。

EPCC收入总额为6,920万令吉,较2017财年第3季度减少1,490万令吉,占世霸动力总收入的9.0%。

其他产品和服务的收入为290万令吉,占总收入的0.4%。

3Q18 vs 2Q18:
整体营业利润为1.321亿令吉,较Q2FY18减少770万令吉或5.5%,与收入整体下降相符。

由于大多数国家在沙特阿拉伯,卡塔尔,阿曼和土库曼斯坦的活动减少,运营与维护收入减少了2,450万令吉,比Q2FY18下降了3.4%。

EPCC部门的营业利润也下降了1,270万令吉至1,120万令吉或毛利率16.1%。

其他产品和服务的收入有所改善,但营业利润下降主要是由于他们的IT相关服务产生的成本较高。

YTD18 vs YTD17:
与去年同期相比,收入和营业利润分别有20.3%和19.4%的改善。 O&M和其他部门的营业利润与上一年同期相比有所改善。集团税前累计利润提升至3.028亿令吉,比去年同期高出4750万令吉。

在地域分割方面,马来西亚仍然是各国最大的收入贡献者,在Q3FY18总计记录了2.196亿令吉,对比2017财年第3季度,增长到总收入的28.5%。中东占本季度总收入的61.1%或4.705亿令吉,对比2017财年第三季度增加9,980万令吉。这一增长主要来自阿联酋较高的活动,因为更多的合同以及更多巴林的服务。

他们的中亚地区在土库曼斯坦贡献了3,800万令吉,分别占本季度收入的4.9%。印尼占本季度总收入的4.4%或3390万令吉,而欧洲则因其在英国的两家子公司Quantum Offshore Limited和Serba Dinamik International Limited贡献了100万令吉的收入。本季度,通过坦桑尼亚的非洲地区也为集团贡献了730万令吉,占当前季度收入的0.9%。

前景:
对于马来西亚国内生产总值的增长,我们看到私营部门活动和主要经济部门的持续扩张。2017年全球能源消费增长强劲,主要是天然气和可再生能源,煤炭在能源结构中的份额继续下降。天然气消费量增加了960亿立方米(bcm),即自2010年以来最快的3%。消费增长主要来自中国(310亿立方米)和中东(280亿立方米)。全球天然气产量增加1310亿立方米,即4%,几乎是10年平均水平的两倍增长率。

马来西亚是世界第三大液化天然气(“LNG”)出口国,是东南亚第二大石油和天然气生产国,战略性地位于海运能源贸易的重要航线之中。石油和其他液体和天然气是马来西亚消耗的主要能源,2014年估计消耗量分别为40%和36%。这国82%的天然气需求来自马来西亚半岛。与煤和重油相比,天然气无疑是工业和发电的更清洁,更有效的替代品。

于二零一八年十月三十一日,这集团已收购E&E Gas Sdn Bhd(「E&E」)42.26%股权,使这集团能够将其资产所有权业务模式扩展至天然气行业。Lumut, Perak的液化天然气接收站的开发将提供替代方案给马来西亚半岛气体分配解决方案。通过收购,预计集团将在国内和国际上实现增长,并提升财务状况和盈利能力。总体而言,管理层对公司的未来前景持乐观态度,并认为这集团未来将继续取得积极成果。
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.94 (dividend RM0.007) in 6 months 3 days, total return is 32.4%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.04 in 7 months 16 days, total return is 30.8%

c) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.26 in 1 month 24 days, total return is 30.6%

d) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.02 in 1 month 30 days, total return is 27.5%

e) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.23 (dividend RM0.0375) in 4 months 1 day, total return is 20%

f) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 1 month 18 day, total return is 15.3%

g) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.52 (dividend RM0.01) in 7 months 14 days, total return is 9.3%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.31 (dividend RM0.035) in 2 months 29 days, total return is 5.9%

我希望将我的策略分享给读者,希望他们在阅读后能够表现出色。我正在使用基本面分析(Fundamental Analysis):

预计公司每年的增长率必须> 14%

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人,可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系

【看懂年报和季报】课程
时间:11a.m. – 7p.m

日期:2月24日星期日
地点:Hotel Sri Petaling, KL (包括免费3份点心,茶和咖啡)

日期:3月3日星期日
地点:G Inn Hotel, George Town (Penang)

日期:4月28日星期日
地点:Tropical Inn, Johor Bahru (包括免费2份点心,茶和咖啡)

有兴趣的朋友,可以电邮或PM FB page联络我
email:jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

为了方便大家查询我写过的公司和选股文章以及视频,制作了索引。大家只要依照日期,就能从这 
https://web.facebook.com/jamesshareinvest/posts/2197412517192157 找到公司和选股文章以及视频。

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接,大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

这个分享纯属讨论以及领域的分析,买或卖自负。请Like和Share这个post。最终决定永远是你的,谢谢。

James Ng
-------------------------------------------
[SERBA DINAMIK HOLDINGS BHD: the Group has acquired 42.26% equity stake in E&E Gas Sdn Bhd (“E&E”) that would enable the Group to expand its asset ownership business model into the gas industry]

3Q18 vs 3Q17:
For the quarter ended 30 September 2018 (“Q3FY18”), the Group recorded revenue of RM770.2 million which was 17.9% higher than corresponding quarter of the preceding year (“Q3FY17”) due to strong activities from O&M. The Group also recorded profit before taxation of RM97.1 million, 13.2% higher as compared to profit before taxation of RM85.8 million in Q3FY17.

O&M contribute 90.6% of revenue in Q3FY18 with an increase of RM130.3 million or 22.9% against Q3FY17. The increase was due to higher activities from their MRO activity in Middle East region while IRM activity also showed some increase against Q3FY17. The segment recorded an improved operating profit of RM121.0 million or representing gross margin of 17.1%.

EPCC revenue recorded a total of RM69.2 million, lower by RM14.9 million against Q3FY17 and contributed 9.0% of the total revenue of the Group.

Other product and services recorded revenue of RM2.9 million or 0.4% of the total revenue.

3Q18 vs 2Q18:
Overall Operating profit stood at RM132.1 million, RM7.7 million or 5.5% lower against Q2FY18 in line with overall decrease in revenue.

O&M revenue decrease RM24.5 million or 3.4% lower than Q2FY18 as most countries showing a decrease of activity in Saudi Arabia, Qatar, Oman & Turkmenistan.

Operating profit of EPCC segment also drop RM12.7 million to RM11.2 million or 16.1% gross profit margin.

Other product and services recorded improvement in revenue but showing lower operating profit mainly due to higher cost incurred from their IT related services.

YTD18 vs YTD17:
There is an improvement against same period last year of 20.3% and 19.4% for revenue and operating profit respectively. O&M and others segments are showing an improved operating profit against the corresponding period of the preceding year. The group cumulative profit before tax improved to RM302.8million, RM47.5 million higher than the corresponding period of the preceding year.

On geographical segmentation, Malaysia remained as the biggest revenue contributor by country recording a total of RM219.6 million for Q3FY18 or 28.5% of total revenue recording improvement against Q3FY17. Middle East contributed 61.1% of the overall revenue for the quarter or RM470.5 million, an increase of RM99.8 million against Q3FY17. The increase mainly from higher activity in UAE from servicing more contracts as well as Bahrain due to higher call up activity.

Their Central Asia region contributed RM38.0 million in Turkmenistan which contributed 4.9%, of revenue for the quarter respectively. Indonesia contributed 4.4% of total revenue for the quarter or RM33.9 million and Europe contributed RM1.0 million of revenue from their two subsidiaries in United Kingdom namely Quantum Offshore Limited and Serba Dinamik International Limited. During the quarter, Africa region through Tanzania also contributed RM7.3 million to the Group or 0.9% of current quarter revenue.

Prospects:
For Malaysia GDP growth, we have seen continued expansion in private sector activity and across major economic sectors. Global primary energy consumption grew strongly in 2017, led by natural gas and renewables, with coal’s share of the energy mix continuing to decline. Natural gas consumption rose by 96 billion cubic metres (bcm), or 3%, the fastest since 2010. Consumption growth was driven by China (31 bcm), and the Middle East (28bcm). Global natural gas production increased by 131 bcm, or 4%, almost double the 10-year average growth rate.

Malaysia is the world’s third-largest exporter of liquefied natural gas (“LNG”), the second largest oil and natural gas producer in Southeast Asia, and strategically located amid important routes for seaborne energy trade. Petroleum and other liquids and natural gas are the primary energy sources consumed in Malaysia, with estimated consumption of 40% and 36%, respectively, in 2014. 82% of the country’s natural gas demand is from Peninsular Malaysia. Natural gas is certainly a cleaner and more efficient alternative for industrial and electricity generation as compared to coal and heavy oil.

On 31 October 2018, the Group has acquired 42.26% equity stake in E&E Gas Sdn Bhd (“E&E”) that would enable the Group to expand its asset ownership business model into the gas industry. The development of the LNG Terminal in Lumut, Perak will provide alternative solution for the distribution of gas in Penisular Malaysia. Through the acquisitions, the Group are expected to grow domestically and internationally as well as to enhance the financial position and profitability. Overall, the management is optimistic about the future prospects of the company and also of the view that the Group will continue to generate positive results in future.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.94 (dividend RM0.007) in 6 months 3 days, total return is 32.4%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.04 in 7 months 16 days, total return is 30.8%

c) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.26 in 1 month 24 days, total return is 30.6%

d) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.02 in 1 month 30 days, total return is 27.5%

e) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.23 (dividend RM0.0375) in 4 months 1 day, total return is 20%

f) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 1 month 18 day, total return is 15.3%

g) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.52 (dividend RM0.01) in 7 months 14 days, total return is 9.3%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.31 (dividend RM0.035) in 2 months 29 days, total return is 5.9%

I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/

In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://web.facebook.com/jamesshareinvest/posts/2197412517192157 by date.

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

Facebook Group: https://www.facebook.com/groups/jamesinvesting

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng

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