[FELDA GLOBAL VENTURES HOLDINGS BHD：FFB产量增加了11.1％，达到220万吨，而2018年为198万吨，每公顷产量为9.14吨；OER从去年同期的20.17％提高到20.48％]

由于收入减少6.9％至65.6亿令吉，集团在这期间的zakat和税前亏损为3336万令吉，而去年同期的利润为2673万令吉。

种植部门：
FFB产量增加了11.1％，达到220万吨，而2018年为198万吨，每公顷产量为9.14吨。OER从去年同期的20.17％提高到20.48％。下游业务表现好，抵消了上游收益不佳的影响。下游利润较高是由于仁压榨和脂肪酸业务利润率和销量增加所致。该部门的亏损被因从客户那里收到的结算所产生的5,600万令吉净回拨所抵消。

制糖业：
糖业部门蒙受了5,603万令吉的亏损，相比之下，上一个财政期间的盈利为4,991万令吉，主要是由于平均售价降低和销量减少。

物流及其他行业：
物流及其他部门的利润为2627万令吉，较上年同期的3825万令吉低。在当前财政期间，由于更高的吞吐量和更高的处理率，物流部门的贡献有所提高。拟议中的关闭符合集团专注于核心业务的举措。

QoQ:
这集团的收入在本季度略有增加，集团亏损为5679万令吉，相比上一季度的2343万令吉盈利。

种植部门：
种植部门录得5,410万令吉的亏损，相比上季的3,983万令吉的盈利。 FFB产量从上一季度的106万吨增加到115万吨，从上一季度的4.38吨/公顷提高到4.76吨/公顷。

糖业：
糖业录得5317万令吉的亏损，相比上季为287万令吉亏损，因为销量和售价下降。

物流及其他行业：
物流及其他部门在本季度录得4,314万令吉的盈利，较上一季度的1,687万令吉亏损有所改善。这是由于缺乏如上一季度确认的2,500万令吉separation scheme的拨备，这与集团专注于核心业务的计划一致。此外，利润的增加得益于拨回的1,970万令吉减值，这主要是由于本季度从客户收到的结算所致，而上一季度确认的应收账款减值为1,630万令吉。

前景：
这集团继续显示FFB产量的运营的显着改善，并致力于降低生产成本，以实现2019年的经营目标。转型计划正在按计划进行，尤其是在节省成本的举措和剥离非核心业务方面的资产。这集团正在探索机会开拓其他增值业务，以减少对CPO的依赖以及当前商品价格波动的风险。出口前景的改善和生物柴油生产的强劲需求可以缓解下行压力。董事会期望集团的经营业绩将继续改善。
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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 RM1.76 (dividend RM0.025) in 1 year 1 month 24 days, total return is 149.7%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.91 in 1 month 13 days, total return is 100%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.48 (dividend RM0.04) in 1 year 3 months 7 days, total return is 91.2%

d) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.30 in 9 months 23 days, total return is 62.5%

e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.41 (dividend RM0.01) in 4 months 6 days, total return is 44.9%

f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.825 in 8 months 19 days, total return is 43.5%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.10 (dividends RM0.083) in 11 months 29 days, total return is 37.3%

h) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.31 (dividend RM0.018) in 9 months 15 days, total return is 37.6%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.65 (dividend RM0.07) in 10 months 21 days, total return is 35.4%

j) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.24 (dividend RM0.1875) in 11 months 25 days, total return is 28.4%

k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.27 in 4 months 6 days, total return is 22.1%

l) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.27 (dividends RM0.111) in 1 Year 2 months 9 days, total return is 10.6%

m) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.895 in 9 months 8 days, total return is 5.3%

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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[FELDA GLOBAL VENTURES HOLDINGS BHD: FFB production rose by 11.1% to 2.20 million mt compared to 1.98 million mt in 2018 with a yield of 9.14 mt per hectare; OER achieved increased to 20.48% from 20.17% in the previous corresponding period]

The Group registered a loss before zakat and taxation of RM33.36 million for the financial period under review compared to RM26.73 million profit in corresponding period of previous year on the back of lower revenue achieved by 6.9% to RM6.56 billion.

Plantation Sector:
FFB production rose by 11.1% to 2.20 million mt compared to 1.98 million mt in 2018 with a yield of 9.14 mt per hectare. OER achieved increased to 20.48% from 20.17% in the previous corresponding period. The impact of the lackluster upstream earnings was softened by the performance of the downstream operations. The higher profit in downstream was driven by higher margin and sales volume posted in kernel crushing and fatty acid business. The Sector’s loss was partially offset by the net reversal of impairment of RM56 million due to settlement received from customers.

Sugar Sector:
Sugar Sector incurred a loss of RM56.03 million compared to RM49.91 million profit in previous financial period mainly attributable to lower average selling price and decrease in sales volume.

Logistic and Others Sector:
Logistic and Others Sector recorded a lower profit of RM26.27 million compared to RM38.25 million in previous corresponding period. Logistic segment recorded improved contribution due to higher throughput and increase in handling rate in current financial period. The proposed closure is in line with the Group’s initiatives to focus on core business.

QoQ:
The revenue of the Group increased marginally in current quarter while Group reported a loss of RM56.79 million compared RM23.43 million profit in preceding quarter.

Plantation Sector:
The Plantation Sector recorded a loss of RM54.10 million compared to RM39.83 million profit in preceding quarter. FFB production increased to 1.15 million mt from 1.06 million mt in the preceding quarter whilst yield improved to 4.76 mt per hectare from 4.38 mt per hectare in preceding quarter.

Sugar Sector:
Sugar Sector recorded loss of RM53.17 million compared to RM2.87 million losses in preceding quarter due to lower sales volume and selling price.

Logistics and Others Sector:
Logistic and Others Sector recorded an improvement in profit of RM43.14 million in the current quarter compared to RM16.87 million losses in preceding quarter. This was underpinned by the absence of provision for separation scheme of RM25.0 million recognised in preceding quarter in line with the Group’s initiatives to focus on core business. In addition, the increase in profit was aided by the reversal of impairment of RM19.7 million mainly due to settlement received from customers in current quarter compared to impairment of receivables of RM16.3 million recognised in preceding quarter.

Prospects:
The Group continues to show significant operational improvements in FFB yields and is committed to reducing its cost of production, in line with operational targets for 2019. The transformation plan is on track, especially with regard to cost saving initiatives and the divestment of non-core assets. The Group is exploring opportunities to venture into other value generating businesses to reduce reliance on CPO and current exposure to commodity price fluctuations. The downside pressure may be mitigated by the improved export outlook and strong demand in biodiesel production. The Board expects the Group’s operational performance to continue improving.
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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