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James的股票投资James Share Investing

Author: James Ng   |   Latest post: Thu, 26 Nov 2020, 7:58 PM

 

[转贴] [EASTERN & ORIENTAL BHD:收入减少主要是由于房地产部门的收入减少,因为临时关闭东方酒店的Heritage Wing进行翻新] - James的股票投资James Share Investing

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[EASTERN & ORIENTAL BHD:收入减少主要是由于房地产部门的收入减少,因为临时关闭东方酒店的Heritage Wing进行翻新]

集团在截至2019年9月30日的财政期间取得了2.714亿令吉的收入,较截至2018年9月30日的财政期间的3.794亿令吉减少了1.08亿令吉或28.5%。收入减少主要是由于房地产部门减少了9,450万令吉。由于临时关闭东方酒店的Heritage Wing进行翻新,酒店业务部门的收入也减少了1,370万令吉。

集团在截至2019年9月30日的财政期间的税前利润为960万令吉,而在截至2018年9月30日的财政期间的税前利润为6,110万令吉。这意味着税前利润减少了5150万令吉或84.3%。本财期的税前利润较低,主要是由于实现了较低的收入,房地产和酒店业的经营业绩均下降。投资及其他部门去年的未实现汇兑收益为20万令吉,而今年未实现的汇兑损失1,630万令吉进一步削弱了该收益。

产业:
在截至2019年9月30日的财政期间,房地产部门录得收入2.404亿令吉,较截至2018年9月30日的财政期间的3.349亿令吉减少9450万令吉或28.2%。收入减少的主要原因是,Seri Tanjung Pinang(“ STP”)1的开发项目(即The Tamarind and Ariza Seafront Terraces)在上一个财政年度完成,导至收入减少。

截至2019年9月30日的财政期间,房地产业务录得营业利润7920万令吉,而截至2018年9月30日的财政期间营业利润为1.074亿令吉。这意味着利润减少了2820万令吉或26.3%,是由于确认的较低收入。

The Mews和Avira Garden Terraces合资企业项目在截至2019年9月30日的财政期间贡献了总收入3020万令吉,相比截至2018年9月30日财年的总收入为3610万令吉,减少590万令吉或16.3%。

在计入合资公司确认的收入后,集团的房地产部门在截至2019年9月30日的财政期间录得经调整的收入2.706亿令吉,而在截至2018年9月30日的财政期间的经调整收入为3.710亿令吉。

酒店:
截至2019年9月30日的财政期间,酒店业录得收入2,890万令吉,较截至2018年9月30日的财政期间的4,260万令吉减少1,370万令吉或32.1%。减少的主要原因是自2019年3月以来,东方酒店的Heritage Wing暂时关闭以进行翻新。

该部门在截至2019年9月30日的财政期间发生了450万令吉的经营亏损,相比截至2018年9月30日的财政期间的350万令吉营业利润,由于暂时关闭导至收入下降而减少了800万令吉。

投资及其他:
在截至2019年9月30日的财政期间,投资及其他部门录得营运盈利1.209亿令吉,较截至2018年9月30日的财政期间的1.146亿令吉,增加630万令吉或5.5%。与上一个相应财政期间的20万令吉未实现外汇收益相比,本财政期的未实现外汇损失为1630万令吉,从而抵消了这一增长。

QoQ:
截至2019年9月30日的当前财政季度,集团录得收入1.368亿令吉,税前亏损280万令吉,而截至2019年6月30日的上一财政季度的收入为1.346亿令吉,税前利润为1240万令吉。本季度的税前利润减少,是由于与上一季度相比,运营成本增加以及未实现的汇兑损失所致。

前景:
东家将在当前和下一个财政年度继续启动房地产开发项目,以满足需求。至于英国房地产市场,在选举和英国退欧谈判结果出炉之前,不确定性将普遍存在。英镑的波动继续影响其集团的盈利能力。
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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 RM2.60 (dividend RM0.025) in 1 year 5 months 17 days, total return is 267.1%

b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.41 in 1 year 9 days, total return is 145.2%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.87 (dividend RM0.04) in 1 year 6 months 28 days, total return is 140.3%

d) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.11 (adjusted)(dividend RM0.01) in 7 months 27 days, total return is 86.8%

e) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.77 in 5 months 4 days, total return is 69.2%

f) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.37 in 6 months 30 days, total return is 53%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.32 (dividends RM0.113) in 1 Year 3 months 22 days, total return is 48%

h) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.11 (dividend RM0.015) in 1 Year 1 month 13 days, total return is 40.6%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.65 (dividend RM0.105) in 1 Year 2 months 11 days, total return is 38.2%

j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.30 (dividend RM0.018) in 1 Year 1 month 6 days, total return is 36.6%

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页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.,免费茶和咖啡

2月22日星期六:Silka Johor Bahru Hotel, Johor Bahru 7份点心

3月29日星期日:Hotel Sri Petaling, KL 3份点心

4月19日星期日:AG Hotel Penang, George Town 2份点心

2)【股票-实际操作班】课程:
10a.m. – 9p.m.,免费午餐和晚餐

2月23日星期日:Silka Johor Bahru Hotel, Johor Bahru

3月28日星期六:Hotel Sri Petaling, KL

4月18日星期六:AG Hotel Penang, George Town

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

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

请大家来Follow James的Instagram,获取最新的资讯:jamesnginvest

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
----------------------------------
[EASTERN & ORIENTAL BHD: decrease in revenue was mainly attributable to the property segment, the hospitality segment also registered a lower revenue due to the temporary closure of the Heritage Wing of Eastern & Oriental Hotel for refurbishment]

The Group achieved a revenue of RM271.4 million for the financial period ended 30 September 2019 as compared to RM379.4 million recorded in the financial period ended 30 September 2018. This represented a decrease of RM108.0 million or 28.5%. The decrease in revenue was mainly attributable to the property segment which registered a decrease of RM94.5 million. The hospitality segment also registered a lower revenue with a decrease of RM13.7 million due to the temporary closure of the Heritage Wing of Eastern & Oriental Hotel for refurbishment.

The Group posted profit before tax of RM9.6 million for the financial period ended 30 September 2019 as compared to profit before tax of RM61.1 million in the financial period ended 30 September 2018. This represented a decrease in profit before tax of RM51.5 million or 84.3%. The lower profit before tax in the current financial period were largely due to lower operating results from both the property and the hospitality segments on the back of lower revenue achieved. It was further dampened by the unrealised foreign exchange loss of RM16.3 million as compared to unrealised foreign exchange gain of RM0.2 million in the investments and others segment.

Property:
During the financial period ended 30 September 2019, the property segment recorded a revenue of RM240.4 million as compared to RM334.9 million in the financial period ended 30 September 2018, a decrease of RM94.5 million or 28.2%. The decrease in revenue was mainly due to lower revenue recognition from development projects in Seri Tanjung Pinang ("STP") 1, namely The Tamarind and Ariza Seafront Terraces which were completed in the previous financial year.

The property segment recorded an operating profit of RM79.2 million for the financial period ended 30 September 2019 as compared to the operating profit of RM107.4 million in the financial period ended 30 September 2018. This represented a decrease in profit of RM28.2 million or 26.3% due to lower revenue recognised.

The joint venture ("JV") projects, The Mews and Avira Garden Terraces, contributed a total revenue of RM30.2 million in the financial period ended 30 September 2019 as compared to total revenue of RM36.1 million in the financial period ended 30 September 2018, a decrease of RM5.9 million or 16.3%.

After incorporating revenue recognised from the JV, the Group's property segment recorded an adjusted revenue of RM270.6 million in the financial period ended 30 September 2019 as compared to an adjusted revenue of RM371.0 million in the financial period ended 30 September 2018.

Hospitality:
The hospitality segment recorded a revenue of RM28.9 million for the financial period ended 30 September 2019 as compared to RM42.6 million in the financial period ended 30 September 2018, a decrease of RM13.7 million or 32.1%. The decrease was mainly due to the temporary closure of the Heritage Wing of Eastern & Oriental Hotel since March 2019 for refurbishment.

The segment incurred an operating loss of RM4.5 million in the financial period ended 30 September 2019 as compared to an operating profit of RM3.5 million in the financial period ended 30 September 2018, a decrease of RM8.0 million due to lower revenue recognised as a result of the temporary closure.

Investments and others:
The investments and others segment recorded an operating profit of RM120.9 million for the financial period ended 30 September 2019 as compared to RM114.6 million in the financial period ended 30 September 2018, an increase of RM6.3 million or 5.5%. The increase was dampened by the unrealised foreign exchange loss of RM16.3 million in the current financial period as compared to unrealised foreign exchange gain of RM0.2 million in the previous corresponding financial period.

QoQ:
The Group recorded a revenue of RM136.8 million and loss before tax of RM2.8 million for the current financial quarter ended 30 September 2019 as compared to a revenue of RM134.6 million and profit before tax of RM12.4 million in the preceding financial quarter ended 30 June 2019. The decrease in profit before tax in the current quarter was due to higher operating costs and unrealised foreign exchange loss incurred as compared to the preceding quarter.

Prospects:
They will continue to line up launches of property development projects in the current and next financial years to meet demands. As for the UK property market, pending the outcome of the election and Brexit negotiations, uncertainties will prevail. The volatility of the Sterling Pound continues to affect their Group’s profitability.
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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.

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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