[LAY HONG BHD：对于液态蛋业务，在克服了一些小技术问题后，柔佛新工厂的设备调试工作基本完成]

1Q20 vs 1Q19:
综合畜牧业务的收入增长了3.88％，即从去年同期的1.605亿令吉增长到本财政季度的1.6672亿令吉。这主要是由于家禽产品的销量增加，尤其是食用鸡蛋的产品。

零售超级市场部门在本季录得3,550万令吉的收入，较去年同期的3,875万令吉低，这是由于关闭了两个在Papar的零售店和在Balung的另一个表现不佳的零售店。本季录得603万令吉的集团税前盈利，而上一财政年度同期则为200万令吉。

20年1季度 vs 19年4季度：
在本季度回顾中，综合畜牧业务部门的收入为1亿6672万令吉，比上一季度的1亿7670万令吉低，这主要是由于生产和出售的食用蛋数量减少，特别是沙巴州的经营活动所致，因为邻近农场中存在禽流感，该公司在较早的季度自愿淘汰了成熟的蛋鸡。零售超级市场部门在本季度录得3,550万令吉的收入，较上一季度的3,052万令吉高，这是由于在Merotai开设了新的零售店以及最近的开斋节。

本季度录得集团除税前利润603万令吉，而上一季度为1,302万令吉，这主要是由于上一年度末生物资产的公允价值调整（由于采用MFRS 141所致）。

前景：
未来几个月，对鸡蛋和鸡肉产品的需求及其平均价格预计将保持稳定。沙巴由于鸡的重新种群正在积极进行，预计该运营将在本财政年度第3季度恢复正常。对于液态蛋业务，在克服了一些小技术问题后，柔佛新工厂的设备调试工作基本完成。

丽鸿与日本NH食品有限公司合资的49％合资公司的工厂实际建设于2018年11月完成并且在获得所有必要的政府批准（包括清真认证）后现已全面运作。该公司现在正在慢慢增加其计划中的生产以满足需求。
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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 RM1.70 (dividend RM0.025) in 1 year 1 month 13 days, total return is 141.3%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.47 (dividend RM0.04) in 1 year 2 months 24 days, total return is 89.9%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.26 in 9 months 12 days, total return is 57.5%

d) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.66 in 1 month 2 days, total return is 45.1%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.09 (dividends RM0.083) in 11 months 18 days, total return is 36.7%

f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.29 (dividend RM0.018) in 9 months 4 days, total return is 35.5%

g) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.64 (dividend RM0.07) in 10 months 10 days, total return is 34.6%

h) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.30 (dividend RM0.1875) in 11 months 14 days, total return is 31.6%

i) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.745 in 8 months 8 days, total return is 29.6%

j) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.14 (dividend RM0.01) in 3 months 23 days, total return is 28.7%

k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.19 in 3 months 23 days, total return is 14.4%

l) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.20 (dividends RM0.111) in 1 Year 1 month 27 days, total return is 8.9%

m) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.90 in 8 months 25 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页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

10月19日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心

12月22日星期日：AG Hotel Penang, George Town 2份点心

12月29日星期日：Hotel Sri Petaling, KL 3份点心

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

10月20日星期日：Silka Johor Bahru Hotel, Johor Bahru

12月21日星期六：AG Hotel Penang, George Town

12月28日星期六：Hotel Sri Petaling, KL

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

10月18日星期五：Silka Johor Bahru Hotel, Johor Bahru 5份点心

12月20日星期五：AG Hotel Penang, George Town 2份点心

12月27日星期五：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

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
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[LAY HONG BHD: For the liquid egg business, the commissioning of the equipment of the new plant in Johor is almost complete after overcoming some small technical issues]

1Q20 vs 1Q19:
Revenue for the integrated livestock business had recorded an increase of 3.88% i.e from RM160.50 million recorded in the corresponding quarter last year to RM166.72 million in the current financial quarter. This was mainly due to the higher quantity of poultry products being sold in particular for table eggs.

For the retail supermarket segment, a lower revenue of RM35.50 million was recorded in the current quarter compared to RM38.75 million in the corresponding quarter last year due to the closure of two retail outlets one in Papar and the other in Balung which are non performing. A group pre-tax profit of RM6.03 million was recorded in the current quarter compared to RM2.00 million in the corresponding quarter of last financial year.

1Q20 vs 4Q19:
For the current quarter under review, integrated livestock business segment registered a lower revenue of RM166.72 million compared to RM176.70 million in the immediate preceding quarter mainly due to the lower quantity of table eggs being produced and sold in particular the Sabah operation which had in earlier quarter voluntarily culled the matured layers due to presence of bird flu in the neighbouring farms. The retail supermarket segment recorded a higher revenue of RM35.50 million in the current quarter as compared to RM30.52 million in the immediate preceding quarter due to the opening of a new retail outlet in Merotai and recent Hari Raya festive season.

A group pre-tax profit of RM6.03 million was recorded in the current quarter compared to that of RM13.02 million registered in immediate preceding quarter mainly due to the previous year end fair value adjustment of biological assets (resulted from the adoption of MFRS 141) in immediate preceding quarter.

Prospects:
The demand for table eggs and chicken products and its average prices are expected to remain stable for the next few months. Sabah's layer operation is expected to normalise by the 3rd quarter of the financial year as the re-population of the birds are actively in progress. For the liquid egg business, the commissioning of the equipment of the new plant in Johor is almost complete after overcoming some small technical issues.

The physical construction of the plant in the 49% joint venture company with NH Foods Ltd., Japan was completed in November 2018 and is now fully operational after securing all the necessary government approvals, including the Halal Certifications. The company is now slowly ramping up its planned production to meet demands.
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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