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James的股票投资James Share Investing

Author: James Ng   |   Latest post: Thu, 18 Jul 2019, 10:06 AM

 

[转贴] [FELDA GLOBAL VENTURES HOLDINGS BHD:改善这集团业务的努力已显示出2019年第一季度FFB产量增加及毛棕榈油生产成本较去年同期下降所带来的积极成果] - James的股票投资James Share Investing

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[FELDA GLOBAL VENTURES HOLDINGS BHD:改善这集团业务的努力已显示出2019年第一季度FFB产量增加及毛棕榈油生产成本较去年同期下降所带来的积极成果]

YoY:
总体:
截至2019年3月31日止财政期间,集团收入较去年同期减少9.1%至33亿令吉,而这集团于zakat及税项前的利润为2,343万令吉,较去年同期的2,585万令吉减少9.4%。

(a)种植业:
截至2019年3月31日止财政期间,种植业部门的利润较高为3983万令吉,而去年同期则为1,946万令吉。这主要归因于下游部门的贡献增加,因为在核碎和脂肪酸业务方面实现了更高的利润率。

FFB产量增加6.6%至106万公吨,而2018年第一季度为99万公吨,产量为每公顷4.38公吨。虽然运营部门的销售额增加了11%,但该部门的业绩受到了毛棕榈油价格下降的影响,每公吨为1,986令吉,而去年则为每吨2,472令吉。OER上涨到20.76%,而去年同期为19.75%。利润的改善也因为收到客户的付款而导致的6400万令吉的减值拨回有关。

(b)糖业:
由于较低的平均售价和较高的炼油成本,糖业在上一财政期间的利润为2201万令吉,而这季是亏损286万令吉。

(c)LSB部门:
如果没有减值,该部门的利润将达到2448万令吉,与去年的2,382万令吉相当。

QoQ:
总体:
上一季度亏损1.3928亿令吉,这集团的这季的盈利为2,343万令吉(收入32.8亿令吉),主要归因于种植业部门的盈利,部分被Sugar及LSB Sector的亏损所抵销。

(a)种植业:
种植业部门的业绩从上一季度的亏损1亿1036万令吉增加至本季度的利润3983万令吉,主要是由于上一季度确认的减值较高。 OER在本季度较高,为20.76%,而上一季度为20.70%。由于收到客户的付款,本行业在本季度扭转了与MFRS 9“金融工具”相关的6400万令吉的减值。

(b)糖业:
由于销量下降以及平均销售价格下降和原材料成本上升,Sugar Sector录得亏损287万令吉。

(c)LSB部门:
如果没有减值,该部门的利润将达到2448万令吉,而上一季度的利润为808万令吉。

前景:
从2019年5月到2019年12月,棕榈油出口税的豁免预计将增加马来西亚棕榈油的出口。此外,2018年12月为运输部门执行B10生物柴油计划,2019年7月为工业部门执行B7预计将推动棕榈油需求并同时减少国家库存。

虽然毛棕榈油价格将对这集团的财务表现产生重大影响,但改善这集团业务的努力已显示出2019年第一季度FFB产量增加及毛棕榈油生产成本较去年同期下降所带来的积极成果。随着集团专注于其基本面和转型计划,董事会预计运营绩效将在今年剩余时间内持续改善。
-----------------------------
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 RM1.28 (dividend RM0.015) in 9 months 23 days, total return is 81.1%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.30 in 11 months 3 days, total return is 63.5%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.27 in 5 months 19 days, total return is 58.8%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.39 (dividend RM0.0825) in 7 months 21 days, total return is 30.8%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.73 in 4 months 15 days, total return is 27%

f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.21 (dividend RM0.008) in 5 months 12 days, total return is 26.2%

g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.75 (dividends RM0.03) in 8 months 5 day, total return is 24.5%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.41 (dividend RM0.035) in 6 months 17 days, total return is 13.8%

i) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.95 in 5 months 5 day, total return is 11.8%

j) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.69 in 2 months 11 days, total return is 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

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

7月21日星期日:Hotel Sri Petaling, KL 3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/2282069248726483 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/ByWUAjsnjT3

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
-------------------------------------------------------
[FELDA GLOBAL VENTURES HOLDINGS BHD: Efforts to improve the Group’s operations have shown positive outcomes by the increase in FFB production and lower CPO production cost in the first quarter of 2019 compared to the corresponding period last year]

YoY:
Overall:
Group revenue decreased by 9.1% to RM3.30 billion for the financial period ended 31 March 2019 against previous corresponding period while the Group posted a profit before zakat and taxation of RM23.43 million, lower by 9.4% compared to RM25.85 million in previous year.

(a) Plantation Sector:
Plantation Sector posted higher profit of RM39.83 million for the financial period ended 31 March 2019 compared to RM19.46 million in previous corresponding period. This was mainly attributed to increased contribution from downstream segment as higher margin was achieved in kernel crushing and fatty acid business.

FFB production rose by 6.6% to 1.06 million mt compared to 0.99 million mt in first quarter 2018 with a yield of 4.38 mt per hectare. Whilst operations has reported higher contributions with improving sales volume by 11%, the Sector results was affected by lower CPO price realised of RM1,986 per mt compared to RM2,472 per mt in previous year. OER was reported higher at 20.76% compared to 19.75% achieved in the previous year. Improvement in the results was also associated with the reversal of impairment of RM64 million due to settlements received from customers.

(b) Sugar Sector:
Sugar Sector registered a loss of RM2.86 million compared to RM22.01 million profit in previous financial period due to lower average selling price and higher refining costs.

(c) LSB Sector:
Without the impairment, the Sector would have recorded a profit of RM24.48 million at par with the profit of RM23.82 million in previous year.

QoQ:
Overall:
The Group registered a profit of RM23.43 million on the back of RM3.28 billion revenue compared to a loss of RM139.28 million in the preceding quarter largely attributed to profit in Plantation Sector partially offset by the losses in Sugar and LSB Sector.

(a) Plantation Sector:
The Plantation Sector’s result improved from a loss of RM110.36 million in the preceding quarter to a profit of RM39.83 million in the current quarter largely due to the higher impairment recognised in the preceding quarter. OER was higher at 20.76% in the current quarter compared to 20.70% achieved in the preceding quarter. The Sector reversed the impairment of RM64 million in relation to MFRS 9 “Financial Instrument” in the current quarter due to settlements received from customers.

(b) Sugar Sector:
Sugar Sector’s recorded a loss of RM2.87 million due to lower sales volume coupled with the decrease in average selling price and higher raw material cost.

(c) LSB Sector:
Without the impairment, the Sector would have recorded a profit of RM24.48 million compared to a profit of RM8.08 million in preceding quarter.

Prospects:
The exemption of palm oil export duty from May 2019 to December 2019 is expected to increase exports of Malaysian palm oil. In addition, the execution of B10 biodiesel programme for the transportation sector in December 2018 and B7 for the industrial sector in July 2019 is expected to drive palm oil demand and simultaneously reduce nation stockpile.

While the CPO price will have a major impact on the Group’s financial performance, efforts to improve the Group’s operations have shown positive outcomes by the increase in FFB production and lower CPO production cost in the first quarter of 2019 compared to the corresponding period last year. With Group’s focusing on its fundamental and transformation plan, the Board anticipates that the operational performance improvement will continue for the rest of the year.
--------------------------------------------------------------------------
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 RM1.28 (dividend RM0.015) in 9 months 23 days, total return is 81.1%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.30 in 11 months 3 days, total return is 63.5%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.27 in 5 months 19 days, total return is 58.8%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.39 (dividend RM0.0825) in 7 months 21 days, total return is 30.8%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.73 in 4 months 15 days, total return is 27%

f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.21 (dividend RM0.008) in 5 months 12 days, total return is 26.2%

g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.75 (dividends RM0.03) in 8 months 5 day, total return is 24.5%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.41 (dividend RM0.035) in 6 months 17 days, total return is 13.8%

i) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.95 in 5 months 5 day, total return is 11.8%

j) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.69 in 2 months 11 days, total return is 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/2282069248726483 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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