Highlights

James的股票投资James Share Investing

Author: James Ng   |   Latest post: Fri, 19 Jul 2019, 9:50 AM

 

[转贴] [MALAYSIAN RESOURCES CORP BHD:将其营销工作重点放在其住宅开发项目上,即KL Sentral的Sentral Suites(GDV:15.34亿令吉),墨尔本的1060 Carnegie等] - James的股票投资James Share Investing

Author:   |    Publish date:


[MALAYSIAN RESOURCES CORP BHD:将其营销工作重点放在其住宅开发项目上,即KL Sentral的Sentral Suites(GDV:15.34亿令吉),墨尔本的1060 Carnegie(GDV:2.75亿令吉)和Bukit Rahman Putra的Kalista Park Homes(GDV:RM1.02亿),以及9 Seputeh的Sentral Residences和VIVO(历史上取得了良好的销售业绩)的剩余未售出单位]

YoY:
截至2019年3月31日止的第一季度,这集团分别录得收入及税前利润分别为2.341亿令吉及840万令吉,而截至2018年3月31日止的上一财政季度则录得分别为4.276亿令吉及3,060万令吉 。

与2018年同期相比,2019年第一季度收入下降45%,主要是由于房地产开发,投资和工程,建筑和环境部门的收入贡献较低。税前利润下降72%,受到期内确认的较低收入以及LRT 3项目收入确认的延期和重新计划的影响。因此,这集团拥有50%权益的LRT 3项目合资公司MRCB George Kent Sdn Bhd的税后利润仅为RM50万,而2018年同期则为900万令吉。这远低于预先编制的预算,因为政府将项目从PDP重新定为固定价格的turnkey工程而导致进度账单延期。

(i)物业发展及投资:
截至2019年3月31日止的季度,房地产开发与投资部门的收入与2018年同期相比下降,下降61%至8,510万令吉。该下降是由于售出已完成的单位的销售没有确认收入,以及目前仍处于早期开发阶段的大多数项目。该部门在此期间录得营业利润300万令吉,而2018年同期则录得2,400万令吉。

(ii)工程,建筑及环境:
尽管截至2019年3月31日止季度的收入与去年同期相比下降了31%,为1.327亿令吉,但工程,建筑及环境部门的营业利润增加4%至1,670万令吉。这集团拥有50%权益的LRT 3项目合资公司MRCB George Kent Sdn Bhd的税后利润为RM50万,而2018年同期则为900万令吉。这远低于此前的预算,因为政府将项目从PDP重新定为固定价格turnkey工程,推迟了进度账单。

QoQ:
截至2019年3月31日止季度,这集团录得收入及税前利润分别为2.341亿令吉及840万令吉,而上一季度截至2018年12月31日止录得的收入为3.741亿令吉及税前利润为770万令吉。尽管收入较低,但这集团的税前利润略高到840万令吉,而上一季度则录得770万令吉。

前景:
(i)物业发展及投资:
截至2019年3月31日止的第一季度,集团的物业发展及投资部门售出价值7,500万令吉的物业。这些主要来自Sentral Suites,其销售额为5240万令吉,其次是9 Seputeh的TRIA,销售额为1090万令吉。

在集团目前正在开发的住宅项目中,1060 Carnegie在澳大利亚墨尔本的购买率为81%,而Sentral Suites的购买率为74%,Kalista Park Homes的购买率为68%。该部门将继续将其营销工作重点放在其住宅开发项目上,即KL Sentral的Sentral Suites(GDV:15.34亿令吉),墨尔本的1060 Carnegie(GDV:2.75亿令吉)和Bukit Rahman Putra的Kalista Park Homes(GDV:RM1.02亿),以及9 Seputeh的Sentral Residences和VIVO(历史上取得了良好的销售业绩)的剩余未售出单位。

根据2019年的建设进度,房地产开发和投资部门的收入和营业利润将继续逐步确认。在墨尔本,1060 Carnegie只会在实际完工和单位交付给买家时,才会对收入和营业利润做出贡献,预期在2020年。

整体而言,这集团于其物业发展及投资部门的累计未开单销售总额预计将在其项目的开发寿命内预留收入16.26亿令吉,其中约88%为住宅及12%为商业。凭借对282英亩城市土地的拥有,这集团拥有可持续的未来项目供应,总GDV为310亿令吉。该部门还从Shah Alam和Celcom Tower的投资物业以及MQ REIT的27.94%股权中获得相对稳定的经常性收入来源。

(ii)工程,建筑及环境:
该部门目前的公开招标价值为13.94亿令吉,并且更加重视寻求基础设施项目。截至2019年3月31日,外部客户订单总额为226亿令吉,是业内最高的。截至2019年3月31日,未开单的建筑订单总额为214亿令吉。
-----------------------------
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 RM1.26 (dividend RM0.015) in 9 months 26 days, total return is 78.3%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.28 in 5 months 22 days, total return is 60%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.27 in 11 months 6 days, total return is 59.7%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.40 (dividend RM0.0825) in 7 months 24 days, total return is 31.3%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.23 (dividend RM0.008) in 5 months 15 days, total return is 28.3%

f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.735 in 4 months 18 days, total return is 27.8%

g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.78 (dividends RM0.03) in 8 months 8 day, total return is 26.6%

h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.975 in 5 months 8 day, total return is 14.7%

i) 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 20 days, total return is 13.8%

j) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.73 in 2 months 14 days, total return is 11.6%

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 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23日星期日:AG Hotel Penang, George Town

7月28日星期日:Silka Johor Bahru Hotel, Johor Bahru

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

7月26日星期五:Silka Johor Bahru Hotel, Johor Bahru 5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/ByeIwSrH-S1

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
----------------------------------------------
[MALAYSIAN RESOURCES CORP BHD: focus its marketing efforts on its residential development projects, namely Sentral Suites in KL Sentral (GDV: RM1,534 million), 1060 Carnegie in Melbourne (GDV: RM275 million) and Kalista Park Homes in Bukit Rahman Putra (GDV: RM102 million), as well as the remaining unsold units in the Sentral Residences and VIVO in 9 Seputeh, which has historically achieved good sales]

YoY:
For the first quarter ended 31 March 2019, the Group recorded revenue and profit before tax of RM234.1 million and RM8.4 million respectively, compared to RM427.6 million and RM30.6 million respectively recorded in the preceding financial quarter ended 31 March 2018.

The 45% decline in revenue in the first quarter of 2019 compared to the corresponding period in 2018 was mainly due to the lower revenue contribution from both the Property Development & Investment and Engineering, Construction & Environment Divisions. Profit Before Tax fell 72%, impacted by the lower revenue recognised during the period as well as the deferment and re-timing of income recognition from the LRT 3 project. As a result, the Group’s 50%-owned LRT 3 project joint venture company MRCB George Kent Sdn Bhd contributed profit after tax of only RM0.5 million, compared with RM9.0 million in the corresponding period in 2018. This is considerably lower than previously budgeted due to the deferment of progress billings resulting from the re-modelling of the project from a PDP to a fixed price turnkey project by the Government.

(i) Property Development & Investment:
The Property Development & Investment Division recorded a 61% decline in revenue to RM85.1 million for the quarter ended 31 March 2019, compared to the corresponding period in 2018. The decline was due to no revenue being recognised from the sale of completed unsold units, as well as most projects currently being in the early development phase. The Division recorded an operating profit of RM3.0 million during the period compared to RM24 million recorded in the corresponding period in 2018.

(ii) Engineering, Construction & Environment:
Despite recording a 31% decline in revenue of RM132.7 million for the quarter ended 31 March 2019 compared to the corresponding period in 2018, the Engineering, Construction & Environment Division recorded a 4% higher operating profit of RM16.7 million. The Group’s 50%-owned LRT 3 project joint venture company MRCB George Kent Sdn Bhd contributed lower profit after tax of RM0.5 million, compared with RM9.0 million in the corresponding period in 2018. This was considerably lower than previously budgeted due to the deferment of progress billings as a result of the re-modelling of the project from a PDP to a fixed price turnkey project by the Government.

QoQ:
The Group recorded revenue and profit before taxation of RM234.1 million and RM8.4 million respectively, in the quarter ended 31 March 2019, compared to revenue of RM374.1 million and profit before taxation of RM7.7 million recorded in the preceding quarter ended 31 December 2018. Despite recording lower revenue, the Group recorded a slightly higher profit before tax of RM8.4 million compared to RM7.7 million recorded in the immediate preceding quarter.

Prospects:
(i) Property Development & Investment:
For the first quarter ended 31 March 2019, the Group’s Property Development & Investment Division sold RM75.0 million worth of properties. These were mainly derived from Sentral Suites, which recorded RM52.4 million sales, followed by TRIA of 9 Seputeh, with RM10.9 million sales.

Of the Group’s residential projects currently in development, 1060 Carnegie in Melbourne, Australia has achieved a take up rate of 81%, while Sentral Suites has achieved a take up rate of 74%, and Kalista Park Homes of 68%. The Division will continue to focus its marketing efforts on its residential development projects, namely Sentral Suites in KL Sentral (GDV: RM1,534 million), 1060 Carnegie in Melbourne (GDV: RM275 million) and Kalista Park Homes in Bukit Rahman Putra (GDV: RM102 million), as well as the remaining unsold units in the Sentral Residences and VIVO in 9 Seputeh, which has historically achieved good sales.

Revenue and operating profit in the Property Development & Investment Division will continue to be progressively recognised in line with construction progress in 2019. In Melbourne, 1060 Carnegie will only contribute to revenue and operating profit upon physical completion and the handover of units to purchasers, anticipated in 2020.

Overall, the Group had total cumulative unbilled sales in its Property Development & Investment Division which are expected to deliver RM1,626 million in revenue to be booked over the development lifespan of its projects, approximately 88% of which are residential and 12% commercial. With interests in 282 acres of urban land, the Group has a sustainable supply of future projects with a total GDV of RM31 billion. The Division also earns a relatively stable recurring income stream from its residual investment property in Shah Alam and from Celcom Tower, as well as its 27.94% equity interest in MQ REIT.

(ii) Engineering, Construction & Environment:
The division currently has open tenders valued at RM1,394 million, and is placing greater emphasis on seeking infrastructure projects. As at 31 March 2019, the external client order book stood at RM22.6 billion, which is amongst the highest in the industry. As at 31 March 2019, the unbilled construction order book stood at RM21.4 billion.
--------------------------------------------------------------------------
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 RM1.26 (dividend RM0.015) in 9 months 26 days, total return is 78.3%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.28 in 5 months 22 days, total return is 60%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.27 in 11 months 6 days, total return is 59.7%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.40 (dividend RM0.0825) in 7 months 24 days, total return is 31.3%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.23 (dividend RM0.008) in 5 months 15 days, total return is 28.3%

f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.735 in 4 months 18 days, total return is 27.8%

g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.78 (dividends RM0.03) in 8 months 8 day, total return is 26.6%

h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.975 in 5 months 8 day, total return is 14.7%

i) 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 20 days, total return is 13.8%

j) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.73 in 2 months 14 days, total return is 11.6%

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

Share this
Labels: MRCB

Related Stocks

Chart Stock Name Last Change Volume 
MRCB 0.94 0.00 (0.00%) 2,395,600 

  Be the first to like this.
 


 

462  223  565  641 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 SAPNRG 0.31+0.01 
 SCOMI 0.10+0.01 
 SCOMI-WB 0.04+0.005 
 KNM 0.37+0.02 
 NETX 0.02+0.005 
 ARMADA 0.23+0.005 
 GPACKET 0.46+0.015 
 ISTONE 0.22+0.01 
 HSI-C5J 0.21+0.07 
 HSI-H6R 0.32-0.07 
Partners & Brokers