[HARTALEGA HOLDINGS BHD：平均售价降低以及包装和天然气成本提高]

2Q20 vs 2Q19:
集团在本季度的销售收入达7.094亿令吉，比去年同期减少480万令吉或0.7％。销售收入减少归因于平均售价降低。税前盈利减少500万令吉或3.5％，主要是由于平均售价降低以及包装和天然气成本提高。

YTD20 vs YTD19：
年初至今，集团实现销售收入13.5亿令吉，较上年同期的14.2亿令吉减少7110万令吉或5.0％。销售收入较低，主要是由于这时期的平均销售价格较低。

税前盈利减少了2920万令吉或10.1％，至2亿5900万令吉，而上一年同期为2亿8820万令吉。税前利润减少的主要原因是平均售价降低，包装成本和天然气成本上升。

2Q20 vs 1Q20：
这季的税前利润与上一季度相比增加了1,570万令吉或12.9％，主要是由于销量增加以及保养和人工成本降低。

前景：
尽管市场需求在2019年下半年有所回升，但随着运营成本的上升，商业环境仍然面临挑战。展望未来，贺特佳仍然对橡胶手套需求增长，NGC持续扩张以及AMG销售的潜在增长所支撑的长期前景感到乐观。
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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 RM1.92 (dividend RM0.025) in 1 year 2 months 23 days, total return is 172%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.905 in 2 months 10 days, total return is 98.9%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.06 in 9 months 15 days, total return is 84.3%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.40 (dividend RM0.04) in 1 year 4 months 5 days, total return is 81.1%

e) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.29 in 10 months 19 days, total return is 61.3%

f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.41 (dividend RM0.018) in 10 months 12 days, total return is 48%

g) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.45 (dividend RM0.01) in 5 months 4 days, total return is 47.3%

h) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.16 (dividends RM0.083) in 1 Year 28 days, total return is 41.1%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.68 (dividend RM0.07) in 11 months 17 days, total return is 37.8%

j) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.21 (dividend RM0.22) in 1 Year 21 days, total return is 28.6%

k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.29 in 5 months 4 days, total return is 24%

l) DESTINI (DESTINI BHD), recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.225 in 1 months 11 days, total return is 12.5%

m) 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 3 months 6 days, total return is 10.6%

n) STRAITS (STRAITS INTER LOGISTICS BHD), recommended on 28 Jul 19, initial price was RM0.21, rose to RM0.23 in 3 months 6 days, total return is 9.5%

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

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

2020年2月22日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

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

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

12月28日星期六：Hotel Sri Petaling, KL

2020年2月23日星期日：Silka Johor Bahru Hotel, Johor Bahru

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

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

2020年2月21日星期五：Silka Johor Bahru Hotel, Johor Bahru 7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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[HARTALEGA HOLDINGS BHD: lower average selling price and higher packaging and natural gas cost]

2Q20 vs 2Q19:
The Group's sales revenue for the quarter amounted to RM 709.4 million, eased by RM 4.8 million or 0.7% from corresponding quarter in preceding year. The reduction in sales revenue was attributed to lower average selling price. Profit before tax eased by RM5.0 million or 3.5%, mainly due to lower average selling price and higher packaging and natural gas cost.

YTD20 vs YTD19:
The Group achieved sales revenue of RM1.35 billion year-to-date, eased by RM71.1 million or 5.0% from RM1.42 billion recorded in corresponding year-to-date in preceding year. The lower sales revenue reported was mainly due to lower average selling price for the period.

Profit before tax eased by RM 29.2 million or 10.1% to RM 259.0 million as compared to RM288.2 million in corresponding period in preceding year. The lower reported profit before tax was mainly due to lower average selling price, higher packaging cost and natural gas cost.

2Q20 vs 1Q20:
Profit before tax for the quarter increased by RM 15.7 million or 12.9% as compared with previous quarter mainly due to increase in sales volume and lower upkeep and labour cost.

Prospects:
While market demand has picked up in the second half of 2019, business environment continues to remain challenging with rising operating cost. Moving forward, Hartalega remains optimistic of the longer term prospects underpinned by growing demand for rubber gloves, ongoing NGC expansion and potential growth of AMG sales.
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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