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James的股票投资James Share Investing

Author: James Ng   |   Latest post: Sat, 20 Jul 2019, 7:11 PM

 

[转贴] [INARI AMERTRON BHD:新产品仅显示适度产量,并未抵销现有产品的下跌及于二零一八年财政年度出售51%拥有附属公司的资产,短期前景受到地缘政治事件的影响,如正在进行的美中贸易战和英国退欧] - James的股票投资James Share Investing

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[INARI AMERTRON BHD:新产品仅显示适度产量,并未抵销现有产品的下跌及于二零一八年财政年度出售51%拥有附属公司的资产,短期前景受到地缘政治事件的影响,如正在进行的美中贸易战和英国退欧]

3Q19 vs 3Q18:
这集团本季度收入为2.563亿令吉,较去年同期减少21.3%。收入减少的原因是主要传感器产品的装载量相对较低,部分原因是上一财政年度出售51%拥有的子公司的资产。

这集团的税前利润由6,250万令吉减少31.9%至4,260万令吉,而税后利润则由截至2018年3月31日止的相应季度的5550万令吉减少30.2%至3,870万令吉。税前及税后利润减少主要是由于收入减少,产品组合变动及折旧成本,对比上一财政年度同期增加所致。

3Q19 vs 2Q19:
这集团本季度的收入为2.563亿令吉,较上一季度的收入3亿零10万令吉下降14.6%,主要原因是传感器产品需求减少。集团税前利润从5,950万令吉减少28.4%至4,260万令吉,税后利润从上一季度的5,520万令吉减少29.7%至3,870万令吉,原因是收入减少及产品组合的变动。

YTD19 vs YTD18:
截至二零一九年三月三十一日止九个月,这集团的收入由去年同期的10.749亿令吉减少17.9%至8.822亿令吉。这集团的税前利润由2.141亿令吉减少22.0%至1.669亿令吉和税后利润从上一季度的1.933亿令吉下降20.3%至相应的财政期间的1.54亿令吉,主要是由于其工厂产出需求减少,产品组合变化及折旧成本上升所致。

前景:
国际货币基金组织(IMF)在其2019年4月的“世界经济展望”(“WEO”)更新报告中称,全球增长预计将从2018年的3.6%降至2019年的3.3%,然后在2020年恢复到3.6%。而2019年开始在弱势基础上,预计今年下半年将有所回升。主要经济体的重大政策调整支持了这种回升,但短期下行风险可能会严重恶化前景,尤其是美国的贸易政策。

2019年全球半导体市场预计将下降3.0%至4545亿美元。预计到2019年,内存预计将下降14.2%,预计所有其他产品将比2018年增长低个位数。在Gartner于2019年4月8日发布的新闻稿中,2019年手机出货量估计将达到18亿部,YoY同比下降0.5%,预计将从2019年开始增长1.2%,恢复增长。

虽然全球经济,半导体和手机出货量均表现出适度的正增长或负增长,但过去两个季度的产品和客户表现并未对这集团有利,导致收入和税后利润均下降。此外,在此期间,这集团的新产品仅显示适度产量,并未抵销现有产品的下跌及于二零一八年财政年度出售51%拥有附属公司的资产。短期前景受到地缘政治事件的影响,如正在进行的美中贸易战和英国退欧。
-----------------------------
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 RM1.29 (dividend RM0.015) in 9 months 12 days, total return is 82.5%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.31 in 10 months 23 days, total return is 64.8%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.22 in 5 months 8 days, total return is 52.5%

d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.25 (dividend RM0.008) in 4 months 30 days, total return is 30.4%

e) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.79 (dividends RM0.03) in 7 months 24 days, total return is 27.3%

f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.29 (dividend RM0.0825) in 7 months 10 days, total return is 25.5%

g) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.705 in 4 months 4 days, total return is 22.6%

h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.955 in 4 months 24 days, total return is 12.4%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.38 (dividend RM0.035) in 6 months 6 days, total return is 11.4%

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

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

6月15日星期六:Silka Johor Bahru Hotel, Johor Bahru

6月23日星期日:AG Hotel Penang, George Town

9月7日星期六:Hotel Sri Petaling, KL

2)【看懂年报和季报】课程:
11a.m. – 7p.m.,免费茶和咖啡

7月27日星期六:Silka Johor Bahru Hotel, Johor Bahru 5份点心

8月11日星期日:AG Hotel Penang, George Town 4份点心

9月8日星期日:Hotel Sri Petaling, KL 3份点心

3) 【公司业绩分享会】:
2p.m. – 7p.m.,免费茶和咖啡

6月9日星期日:Hotel Sri Petaling, KL 3份点心

6月16日星期日:Silka Johor Bahru Hotel, Johor Bahru 5份点心

6月22日星期六:AG Hotel Penang, George Town 4份点心

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/2266313063635435 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

请大家来Follow James的Instagram,获取最新的资讯: https://www.instagram.com/p/Bx8jfpOHH97

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
---------------------------------
[INARI AMERTRON BHD: new products only show modest volumes not offsetting drop in existing products and the disposal of assets of a 51% owned subsidiary during FY2018, the short term outlook is clouded by geo-political events like the on-going USA-China trade war and Brexit]

3Q19 vs 3Q18:
The Group posted a revenue of RM256.3 million for the current quarter, representing a decrease of 21.3% compared to the corresponding quarter in the previous year. The lower revenue was due to comparatively lower volume loading on a major sensor product and also due in part to the disposal of assets of a 51% owned subsidiary during the last financial year.

The Group’s profit before tax decreased by 31.9% to RM42.6 million from RM62.5 million and profit after tax decreased by 30.2% to RM38.7 million from RM55.5 million compared to the corresponding quarter ended 31 March 2018. The decrease in profit before and after tax was mainly due to lower revenue, changes in product mix and higher depreciation cost compared to the corresponding period in the previous financial year.

3Q19 vs 2Q19:
The Group’s revenue for the current quarter of RM256.3 million was 14.6% lower as compared to the revenue registered in the immediate preceding quarter of RM300.1 million which was primarily due to decrease in sensor product demand. The decreased in Group’s profit before tax by 28.4% to RM42.6 million from RM59.5 million and profit after tax decreased by 29.7% to RM38.7 million from RM55.2 million in the immediate preceding quarter derived from the lower revenue and changes in product mix.

YTD19 vs YTD18:
The Group’s revenue for the nine months ended 31 March 2019 recorded a decrease of 17.9% to RM882.2 million from RM1,074.9 million in the preceding year corresponding period. The Group’s profit before tax decreased by 22.0% to RM166.9 million from RM214.1
million and profit after tax decreased by 20.3% to RM154.0 million from RM193.3 million in the preceding quarter corresponding financial period are mainly due to decrease in demand of their factory output, changes in product mix and higher depreciation cost.

Prospects:
The International Monetary Fund (IMF) in its April 2019 World Economic Outlook (“WEO”) update reported that global growth is projected to slow from 3.6% in 2018 to 3.3% in 2019, before returning to 3.6% in 2020. While 2019 started out on a weak footing, a pickup is expected in the second half of the year. This pick up is supported by significant policy accommodation by major economies, however there are near term downside risks which could dramatically worsen the outlook, especially the trade policies of the USA.

The year 2019 worldwide semiconductor market is forecasted to be down 3.0% to USD454.5 billion. For 2019, memory is expected to drop by 14.2%, all other products are forecasted to grow low single digit compared to 2018. In Gartner’s press release published on 8 April 2019, the shipments of mobile phones are estimated to reach 1.8 billion units in 2019, a decline of 0.5% year over year and is forecasted to return to growth with a shipment increase of 1.2% from 2019.

While the global economic, semiconductor and mobile phone shipments show overall modest positive or negative growth rates, the segmental, product and customer performance has not been favorable to the Group during the last two quarters, leading to decrease in both revenue and profit after tax. Also, during this period, the Group’s new products only show modest volumes not offsetting drop in existing products and the disposal of assets of a 51% owned subsidiary during FY2018. The short term outlook is clouded by geo-political events like the on-going USA-China trade war and Brexit.
--------------------------------------------------------------------------
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 RM1.34 (dividend RM0.015) in 9 months 9 days, total return is 89.5%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.31 in 10 months 20 days, total return is 64.8%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.24 in 5 months 5 days, total return is 55%

d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.24 (dividend RM0.008) in 4 months 27 days, total return is 29.3%

e) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.78 (dividends RM0.03) in 7 months 21 days, total return is 26.6%

f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.30 (dividend RM0.0825) in 7 months 7 days, total return is 26.1%

g) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.705 in 3 months 29 days, total return is 22.6%

h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 4 months 21 days, total return is 15.3%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.38 (dividend RM0.035) in 6 months 3 days, total return is 11.4%

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/2266313063635435 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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Labels: INARI

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