[SCIENTEX BHD：Daibochi集团公司的最新加入进一步扩大了森德的能力和产品组合，从基础薄膜制造到专业薄膜转换；Daibochi最近完成对Mega Printing＆Packaging Sdn Bhd的收购，进一步巩固了集团在马来西亚柔性塑料包装（“ FPP”）加工领域的地位]

本季度：
截至2019年7月31日的当前财政季度，集团实现了创纪录的9.388亿令吉收入，较去年同期的7.207亿令吉增长了30.3％。增长的主要原因是制造和房地产部门的销售业绩均有所提高。与这季的销售增长相吻合，集团的营业利润为1.792亿令吉，比去年同期的1.012亿令吉增长77.1％。

制造业收入为6亿3030万令吉，较去年同期的5亿2700万令吉增加19.6％。增长的主要原因是制造工厂的利用率提高以及新收购子公司的贡献。与当前财政季度的销售增长相吻合，营业利润从2630万令吉增加至6710万令吉，这主要归功于销售组合和原材料价格下跌带来的更好的产品利润。此外，上一个财政年度的相应季度的表现受到1,210万令吉的汇兑损失的影响，而本财政季度则录得140万令吉的汇兑损失。

物业收入为3.085亿令吉，比去年同期的1.938亿令吉增加59.2％。营业利润也从7490万令吉增加至1亿1210万令吉。收入和营业利润表现更好的主要原因是来自新开发项目的渐进计费，这些新开发项目位于士乃的Taman Scientex Utama，马六甲的Scientex Durian Tunggal和拉旺的Taman Scientex。同时，位于普莱的Taman Pulai Mutiara和Taman Scientex Pasir Gudang的项目的完成进一步增加了本财政季度的收入和利润。

YTD:
截至2019年7月31日止财政年，集团录得最高收入32.5亿令吉，较上一财年的26亿令吉增加24.8％。收入的增长归因于制造和房地产部门销售业绩的改善。与当前财政年度录得的更高销售额一致，营业利润也从3亿5740万令吉增至4亿6180万令吉。

本财政年度的制造业收入为23.6亿令吉，比上一财政年度的19亿令吉增加23.8％。收入的增加主要是由于集团扩大了拉伸膜，定制膜以及新收购的加工业务。尽管在本财政年度录得2120万令吉的汇兑亏损，但本财政年度的营业利润从1亿2690万令吉增至1亿7520万令吉，与本财政年度取得的较高销售额相符。营业利润的增长主要归因于销售组合和更好的产品利润率。此外，制造工厂提高了利用率，进一步提高了收入和营业利润。

本财政年度的产业收入为8.896亿令吉，较上一财政年度的6.982亿令吉增加27.4％。营业利润从上一个财政年度的2.305亿​​令吉增至本财政年度的2.865亿令吉。收入和营业利润均有所增长，这主要归功于他们在所有开发项目中推出的新的负担得起的住宅物业良好的购买率以及良好的现场施工进度。

QoQ:
集团在这季的收入为9亿3千8百80万令吉，而上一个财政季度为8亿2千8百50万令吉。本财政季的税前盈利为1.766亿令吉，而上一财政季度为1.014亿令吉。增长归因于制造和房地产部门销售业绩的改善。

前景：
制造业：
Daibochi集团公司的最新加入进一步扩大了森德的能力和产品组合，从基础薄膜制造到专业薄膜转换。Daibochi最近完成对Mega Printing＆Packaging Sdn Bhd的收购，进一步巩固了集团在马来西亚柔性塑料包装（“ FPP”）加工领域的地位。国际品牌拥有者和跨国公司对可持续包装的需求是另一个合作领域，预计这集团凭借其converting业务部门所拥有的独特技能，技术专长和综合实力，将迅速增长。在未来的财政年度中，随着全球对其产品的需求不断增长（包括利基和定制产品，这些产品可带来更高的利润），这集团希望其FPP部门将继续发挥越来越重要的作用。

这集团通过在亚利桑那州菲尼克斯设立生产工厂而进入美国（“ US”）市场的举动是及时的，因为这集团有机会在美国服务并能进入市场，以争取相对优势。通过扩大其工厂的产量来扩大市场份额，从而开拓北美拉伸膜市场。为了提高竞争力，美国工厂目前正在通过自动化进行升级，这是提高生产效率的整体长期战略的一部分。

尽管存在全球风险和不确定性，但这集团仍对其产品的需求保持强劲持谨慎乐观的态度，尤其是对于FPP市场领域，其中包括与餐饮相关行业的跨国公司和国际品牌所有者。这集团仍专注于其全球市场扩展，并希望为其FPP定制产品和拉伸膜打入更多市场。总体而言，除非有任何不可预见的情况，这集团预计下一个财政年度对制造部门来说将是一个相对好的年度。

房地产：
这季度，集团的销售和账单均有所增长，这反映了其在柔佛，马六甲，雪兰莪和霹雳州多个正在进行的项目，对可负担房屋的好需求。在对此类负担得起的产品的好需求的驱动下，这集团继续专注于在马来西亚半岛的战略位置提供更多负担得起的住房，以根据联邦政府的各种倡议和支持，满足大众对此类住房的需求，会提供更多经济适用房。因此，这集团预计该房屋板块的需求在下一个财政年度将保持相对强劲。据此，这集团新收购的土地储备分别位于昆当，雪兰莪的Rawang，马六甲的Jasin和槟城的Tasek Gelugor，这些土地储备预计将在下一个2020财政年度完工，这将增强这集团在未来几年中，在土地上建设更多这种负担得起的住房的能力。
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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 RM1.94 (dividend RM0.025) in 1 year 3 months 8 days, total return is 174.8%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM1.06 in 2 months 24 days, total return is 133%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.34 in 9 months 29 days, total return is 133%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.47 (dividend RM0.04) in 1 year 4 months 19 days, total return is 89.9%

e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.62 (dividend RM0.01) in 5 months 18 days, total return is 57.5%

f) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.26 in 11 months 4 days, total return is 57.5%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.30 (dividends RM0.083) in 1 Year 1 month 13 days, total return is 49.9%

h) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.35 (dividend RM0.018) in 10 months 26 days, total return is 41.8%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.72 (dividend RM0.07) in 14 months 28 days, total return is 40.9%

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 1 month 6 days, total return is 28.6%

k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.32 in 5 months 18 days, total return is 26.9%

l) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.13 in 4 months 20 days, total return is 25.6%

m) DESTINI (DESTINI BHD), recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.24 in 1 months 25 days, total return is 20%

n) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.35 (dividends RM0.111) in 1 Year 3 months 20 days, total return is 12.7%

o) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.65 (dividend RM0.05) in 7 months 27 days, total return is 9.7%

p) FIAMMA (FIAMMA HOLDINGS BHD), recommended on 23 Sep 18, initial price was RM0.495, rose to RM0.52 (dividend RM0.0225) in 1 year 1 month 28 days, total return is 9.6%

q) STRAITS (STRAITS INTER LOGISTICS BHD), recommended on 28 Jul 19, initial price was RM0.21, rose to RM0.22 in 3 months 20 days, total return is 4.8%

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。

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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

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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

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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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[SCIENTEX BHD: inclusion of Daibochi group of companies has further enlarged the Group’s capacity and product portfolio which now range from base film manufacturing to specialised film converting; the recent completion of the acquisition of Mega Printing & Packaging Sdn Bhd by Daibochi has further consolidated the Group’s position in the flexible plastic packaging (“FPP”) converting segment in Malaysia]

This quarter:
For the current financial quarter ended 31 July 2019, the Group achieved another record revenue of RM938.8 million, an increase of 30.3% compared to RM720.7 million recorded in the preceding year corresponding quarter. The increase was mainly due to better sales performance achieved from both the manufacturing and property divisions. In line with the higher sales recorded in the current financial quarter under review, the Group’s operating profit was RM179.2 million, an increase of 77.1% compared to RM101.2 million recorded in the preceding year corresponding quarter.

Manufacturing revenue was RM630.3 million, an increase of 19.6% compared to RM527.0 million in the preceding year corresponding quarter. The increase was mainly due to the higher utilisation rate of the manufacturing plants as well as the contribution from newly acquired subsidiaries. In line with the higher sales recorded in current financial quarter under review, operating profit increased from RM26.3 million to RM67.1 million mainly contributed by sales mix and better product margins as a result of the softening of raw material prices. In addition, the performance in the corresponding quarter of the previous financial year was impacted by the foreign exchange loss of RM12.1 million as compared to the foreign exchange loss of RM1.4 million recorded in the current financial quarter.

Property revenue was RM308.5 million, an increase of 59.2% compared to RM193.8 million recorded in the preceding year corresponding quarter. Operating profit increased from RM74.9 million to RM112.1 million accordingly. The better performance in revenue and operating profit were mainly contributed by the progressive billings from their new development projects, namely Taman Scientex Utama in Senai, Scientex Durian Tunggal in Melaka and Taman Scientex in Rawang. Meanwhile, the completion of the projects in Taman Pulai Mutiara in Pulai and Taman Scientex Pasir Gudang have further increased the revenue and profit during the financial quarter under review.

YTD:
For the financial year ended 31 July 2019, the Group recorded its highest revenue of RM3.25 billion, an increase of 24.8% compared to the preceding financial year of RM2.60 billion. The increase in revenue was contributed by better sales performance from both the manufacturing and property divisions. In line with the higher sales recorded in current financial year under review, the operating profit has also increased from RM357.4 million to RM461.8 million.

Manufacturing revenue was RM2.36 billion for the current financial year, an increase of 23.8% compared to the preceding financial year of RM1.90 billion. The increase in revenue was mainly contributed by the Group’s expansion in stretch film, custom film as well as its newly acquired converting business. In line with the higher sales achieved in the current financial year, operating profit increased from RM126.9 million to RM175.2 million despite a foreign exchange loss of RM21.2 million recorded in the current financial year. The increase in operating profit was mainly due to sales mix and better product margins. In addition, the better utilisation rate achieved by the manufacturing plants has further boosted the revenue and the operating profits.

Property revenue was RM889.6 million for the current financial year, an increase of 27.4% compared to the preceding financial year of RM698.2 million. Operating profit increased from RM230.5 million in the preceding financial year to RM286.5 million in the current financial year. The better performance in both the revenue and operating profit were mainly contributed by the good take up rate recorded for their new affordable residential property launches in all development projects and steady construction progress at site.

QoQ:
The Group’s revenue for the current financial quarter was RM938.8 million compared to the preceding financial quarter of RM828.5 million. Profit before taxation for the current financial quarter was RM176.6 million compared to the preceding financial quarter of RM101.4 million. The increase was contributed by better sales performance from both the manufacturing and property divisions.

Prospects:
Manufacturing:
The recent inclusion of Daibochi group of companies has further enlarged the Group’s capacity and product portfolio which now range from base film manufacturing to specialised film converting. The recent completion of the acquisition of Mega Printing & Packaging Sdn Bhd by Daibochi has further consolidated the Group’s position in the flexible plastic packaging (“FPP”) converting segment in Malaysia. The demand for sustainable packaging by international brand owners and multinationals is another area of collaboration which is expected to see the Group growing rapidly with the unique skills, technical expertise and combined strengths possessed by the Group’s converting business segment. For the coming financial year, the Group expects its FPP segment to play an increasingly important role as it continues to expand with rising global demand for its products including niche and customised products which fetch higher margins.

The Group’s move to enter the United States (“US”) market with the setting up of its production facility in Phoenix, Arizona was timely as the Group has an opportunity to serve and gain market access in the US in an effort to capture the relatively untapped North American stretch film market by ramping up production at its facility to gain market share. To boost its competitiveness, the US facility is presently undergoing upgrading via automation as part of its overall long-term strategy to enhance production efficiency.

Notwithstanding global risks and uncertainties, the Group remains cautiously optimistic that demand for its products remain resilient, especially for its FPP market segment which includes multinationals and international brand owners in the F&B related industries. The Group remains focused on its global market expansion and hopes to penetrate more markets for both its FPP customised products as well as its stretch film. Overall, and barring any unforeseen circumstances, the Group expects the coming financial year to be a relatively resilient year for the manufacturing division.

Property:
For the quarter under review, the Group saw an increase in its sales and billings, reflecting the resilient demand for affordable homes in its multiple on-going projects in Johor, Melaka, Selangor and Perak. Driven by the resilient demand for such affordable products, the Group remains focused on providing more affordable homes in strategic locations throughout Peninsular Malaysia to cater to the demands of the masses for such homes in line with the various initiatives and support given by both the Federal and State Governments to provide more affordable housing. Accordingly, the Group expects demand for this housing segment to remain relatively resilient for the coming financial year. Pursuant thereto, the Group’s freshly acquired landbanks located in Kundang, Rawang in Selangor, Jasin in Melaka and Tasek Gelugor in Penang respectively which are expected to be completed in the coming financial year 2020, would provide a boost to the Group’s ability to build more of such affordable housing in the coming years.
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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