[KOSSAN RUBBER INDUSTRIES BHD：业绩改善主要归因于高产柅品工业手套产品的强劲需求增长，与2018财年相比，销量增加（+ 7.77％），并且制造效率和有效的成本控制都有提高]

YTD19 vs YTD18:
截至2019年12月31日止的12个月，集团录得收入22.2161亿令吉，较2018财年的21.4057亿令吉增长3.79％。税前盈利（PBT）为2亿8011万令吉，较去年的2亿4926万令吉增加了12.37％。业绩强劲的主要原因是手套部门的业绩较上一年有所改善。

手套事业部在2019财年的收入为19.6422亿令吉，较去年的18.7193亿令吉增加了4.93％。 PBT从上一财政年度的2.19亿令吉增长14.13％至2.4995亿令吉。业绩改善主要归因于高产柅品工业手套产品的强劲需求增长，与2018财年相比，销量增加（+ 7.77％），并且制造效率和有效的成本控制都有提高。

4Q19 vs 4Q18:
PBT上升1.23％至7,228万令吉，而去年同期为7,140万令吉。 Gloves部门的收入从2018年第四季度的5.1936亿令吉减少了1.41％至5.1203亿令吉，而这季度的PBT则增长5.64％至6602万令吉，而去年同期为6250万令吉。业绩改善主要是由于与18年第四季相比，销量增加（+ 3.8％）。无尘室部门在4Q19录得收入和PBT分别为2093万令吉和77万令吉，而4Q18则为1883万令吉和110万令吉。

4Q19 vs 3Q19：
按quarter-on-quarter，集团在4Q19录得收入5亿7835万令吉，较上一季度的5亿3126万令吉增长8.86％。 PBT从3Q19的6277万令吉增长15.15％至7228万令吉。业绩主要归因于手套部门的改善。

手套部门在19年第4季度录得收入5.1203亿令吉，较19年第3季度的4.6575亿令吉增长了9.94％。 PBT在19财年第四季度增长22.14％至6602万令吉，相比前一季度的5406万令吉。业绩改善主要归因于与19年第三季度相比更高的销量（+ 7.6％）。无尘室部门在4Q19录得收入和PBT分别为2093万令吉和77万令吉，而3Q19则为1840万令吉和83万令吉。

前景：
Kossan的2019财年税前利润与去年相比增长了12.4％。对于技术橡胶制品部门，该集团认为该部门是稳定的。高产柅品工业承认并已采取措施预防Covid-19流行病的严重破坏力。随着集团的扩张计划和新产能的投产以及运营效率的不断提高，管理层对2020财年将是集团增长的一年充满信心。
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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 RM2.20 (dividend RM0.025) in 1 year 6 months 23 days, total return is 211.1%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM2.22 (dividend RM0.04) in 1 year 8 months 5 days, total return is 184.3%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM4.20 (adjusted)(dividend RM0.055) in 9 months 4 days, total return is 154.8%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.22 in 1 year 1 month 15 days, total return is 112.2%

e) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.685 in 6 months 10 days, total return is 50.5%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.15 (dividends RM0.113) in 1 Year 4 months 28 days, total return is 42.3%

g) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.06 (dividend RM0.015) in 1 Year 2 months 19 days, total return is 34.4%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.58 (dividend RM0.105) in 1 Year 3 months 17 days, total return is 32.7%

i) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.14 in 8 months 6 days, total return is 26.7%

j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.18 (dividend RM0.018) in 1 Year 2 months 12 days, total return is 24.2%

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。

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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

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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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[KOSSAN RUBBER INDUSTRIES BHD: improved performance was mainly attributable to the strong demand growth for the Group’s glove products, with higher volume sold (+7.77%) as compared with FY2018 as well as increased manufacturing efficiency and effective cost controls]

YTD19 vs YTD18:
For the 12 months of financial year ended 31 December 2019, the Group recorded revenue of RM2,221.61 million, an increase of 3.79% as compared with RM2,140.57 million in FY2018. Profit before taxation (PBT) was RM280.11 million, rising 12.37% as compared with RM249.26 million last year. The stronger results were mainly attributable to the improved performance in the Gloves division as compared with the previous year.

The Gloves division revenue was RM1,964.22 million in FY2019, an increase of 4.93% compared with RM1871.93 million last year. PBT rose 14.13% to RM249.95 million from RM219.00 million recorded in the previous financial year. The improved performance was mainly attributable to the strong demand growth for the Group’s glove products, with higher volume sold (+7.77%) as compared with FY2018 as well as increased manufacturing efficiency and effective cost controls.

4Q19 vs 4Q18:
PBT rose 1.23% to RM72.28 million as compared with RM71.40 million in the previous year corresponding quarter. The Gloves division revenue eased 1.41% to RM512.03 million in 4Q19 from RM519.36 million in 4Q18, while PBT rose 5.64% to RM66.02 million in the current quarter as compared with RM62.50 million from a year ago. The improved performance was mainly attributable to higher volume sold (+3.8%) as compared with 4Q18. The Cleanroom division recorded revenue and PBT of RM20.93 million and RM0.77 million respectively in 4Q19, as compared with RM18.83 million and RM1.10 million in 4Q18.

4Q19 vs 3Q19:
On a quarter-on-quarter basis, the Group recorded revenue of RM578.35 million in 4Q19, rising 8.86% as compared with RM 531.26 million in the immediate preceding quarter. PBT rose 15.15% to RM72.28 million from RM62.77 million in 3Q19. The performance was mainly attributable to the improvement in the Gloves division.

The Gloves division recorded revenue of RM512.03 million in 4Q19, rising 9.94% from RM465.75 million in 3Q19. PBT rose 22.14% to RM66.02 million in 4Q19 as compared with RM54.06 million in the immediate preceding quarter. The improved performance was mainly attributable to the higher volume sold (+7.6%) as compared with 3Q19. The Cleanroom division recorded revenue and PBT of RM20.93 million and RM0.77 million respectively in 4Q19, as compared with RM18.40 million and RM0.83 million in 3Q19.

Prospects:
Kossan has delivered a 12.4% increase in profit before taxation for FY2019 as compared with the previous year. For the Technical Rubber Products division, the Group views this division as stable. The Group acknowledged and has taken precaution measures on the seriousness of the Covid-19 epidemic. With the Group’s expansion plans and new capacity coming on-stream as well as continued improvements in operating efficiency, management is confident that FY2020 will be a growth year for the Group.
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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