[CCK CONSOLIDATED HOLDINGS BHD：目标是分别在古晋和Kota Kinabalu开设2家新超市；新的超市将被标记为“ CCK Local”，标语是“您的家庭杂货商”]

4Q19 vs 4Q18:
收入：
截至2019年12月31日止3个月，这集团录得收入1.733亿令吉，较2018年同期增加约14％。与2018年第4季度相比，马来西亚零售店在2019年第四季的表现改善。这集团截至年末在零售网络中拥有61家门店（2018年：58家门店）。

PBT：
截至2019年12月31日的3个月，集团录得1,280万令吉的税前利润，较2018年同期增加约126％。截至2019年12月31日的3个月的毛利率为21.37％，相比之下，2018年同期为17.39％。

零售部门本季度的业绩与去年同期相比增长了61％，其中来自他们零售商店网络的利润率更高。由于饲料成本降低，家禽部门的业绩和利润率也有所改善。与2018年相比，2019年第四季度的美元/马币较低是造成饲料成本降低的一个重要因素。他们的联营公司Gold Coin Sarawak Sdn Bhd的业绩份额从2018年最后一个季度的64万令吉增加133％至2019年第四季度的150万令吉。

YTD19 vs YTD18：
收入：
截至2019年12月31日止年度，这集团录得收入6.597亿令吉，较去年同期增长约6.0％，去年收入为6.231亿令吉。虾部门在2019年的收入有所增长，与2018年相比增长了14.06％，主要出口到日本，澳大利亚和香港。

PBT：
截至2019年止年度，集团的税前利润为4,350万令吉（2018年：3,590万令吉），增长21％。由于2018年收到了350万令吉的保险赔偿金，因此2019年集团的税前利润实际增长了34％。

考虑到去年的保险赔偿影响，零售部门在2019年的税前利润净增长了16.2％。这归功于他们在马来西亚的零售商店网络的更好表现。尽管在截至2019年12月31日的12个月中美元兑马币比2018年同期增长了2.66％，但集团的毛利率仍为20.35％（2018年：19.62％）。 2019年饲料成本平均下降，抵消了汇兑损失。虾部门2019年的业绩增长了158.8％。除目前vannamei的生产外，该部门还于今年重新开始养殖和销售黑虎虾。他们的联营公司Gold Coin Sarawak Sdn Bhd的业绩份额从2018年的410万令吉增加30％至2019年的530万令吉。

4Q19 vs 3Q19：
收入：
这集团的营业额上升5％，从第三季的1.658亿令吉增至第4季的1.733亿令吉。家禽，虾和零售部门的收入比上一季度有所增加。

PBT：
集团的税前利润从第3季度的3270万令吉增至第4季度的3700万令吉，增幅为13％。毛利率从上一季度的19.8％提高到了今年最后一个季度的21.3％。造成此改善的因素之一是两个季度的美元/马币平均汇率相对稳定。

前景：
集团将在2020年继续扩展其零售商店网络。此外，他们的目标是分别在古晋和Kota Kinabalu开设2家新超市。新的超市将被标记为“ CCK Local”，标语是“您的家庭杂货商”。如果Covid-19病毒的状况在短期内有所改善，董事会将对集团在下一财政年度的业绩感到乐观。
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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 RM1.67 (dividend RM0.04) in 1 year 7 months 15 days, total return is 139.2%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.49 (dividend RM0.04) in 1 year 8 months 26 days, total return is 92.5%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.57 (adjusted)(dividend RM0.055) in 9 months 25 days, total return is 57.2%

d) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.88 (dividend RM0.148) in 1 Year 5 months 20 days, total return is 27.5%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.73 in 1 year 2 months 7 days, total return is 27%

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

7月5日星期日：Espira Sri Petaling, KL 3份点心

7月11日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

7月19日星期日：AG Hotel Penang, George Town 2份点心

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

7月4日星期六：Espira Sri Petaling, KL

7月12日星期日：Silka Johor Bahru Hotel, Johor Bahru

7月18日星期六：AG Hotel Penang, George Town

有兴趣的朋友，可以电邮或PM FB page联络我
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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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[CCK CONSOLIDATED HOLDINGS BHD: they are aiming to open 2 new supermarkets in Kuching and Kota Kinabalu, respectively; the new supermarkets will be branded as “CCK Local” with the tag line “Your Family Grocer”]

4Q19 vs 4Q18:
Revenue:
For the 3 months ended 31 December 2019, the Group recorded a revenue of RM173.3 million, an increase of approximately 14% when compared to the corresponding quarter in 2018. The Malaysian retail outlets showed an improvement in performance in the 4th quarter of 2019 when compared to the 4th quarter in 2018. The Group ended the year with 61 stores in their retail network (2018 : 58 stores).

PBT:
The Group recorded a profit before tax of RM12.8m for the 3 months ended 31 December 2019, an improvement of approximately 126% when compared to the same period in 2018. The gross profit margin for the 3 months ended 31 December 2019 was 21.37% compared to 17.39% for the same quarter in 2018.

The retail segment’s results for this quarter improved by 61% compared to last year with better margins from their network of retail stores. The poultry segment also showed an improvement in results and margins due to lower feed costs. The lower USD/MYR in the 4th quarter of 2019 compared to 2018 was a contributory factor towards the lower feed costs. The share of results from their associate company, Gold Coin Sarawak Sdn Bhd, increased 133% from RM640,000 in the last quarter of 2018 to RM1.5 million in the 4th quarter on 2019.

YTD19 vs YTD18:
Revenue:
For the year ended 31 December 2019, the Group recorded a revenue of RM659.7 million, representing an increase of approximately 6.0% over the same period last year whereby the revenue was recorded at RM623.1 million. The prawn segment showed an improvement in revenue in 2019 with an increase of 14.06% compared to 2018 with exports mainly to Japan, Australia and Hong Kong.

PBT:
The Group’s profit before tax for the year ending 2019 was recorded at RM43.5 million (2018 : RM35.9 million), an improvement of 21%. The actual increase in the Group’s profit before tax for 2019 was 34% as there were insurance compensations received of RM3.5 million in 2018.

Taking into consideration last year’s insurance compensation effect, the retail segment showed a net increase in profit before tax of 16.2% in 2019. This is attributed to a better performance by their network of retail stores in Malaysia. Despite the strengthening of the USD against the MYR by 2.66% for the 12-months period ended 31 December 2019 compared to the same period in 2018, the Group’s gross profit margin stood at 20.35% (2018 : 19.62%). Feed costs decreased on average in 2019 offsetting foreign exchange losses. The prawn segment’s results for 2019 improved by 158.8%. The segment re-commenced culturing and selling black tiger prawns this year, in addition to their current production of vannamei. The share of results in their associate company, Gold Coin Sarawak Sdn Bhd, increased by 30% from RM4.1 million in 2018 to RM5.3 million in 2019.

4Q19 vs 3Q19:
Revenue:
The Group’s revenue improved by 5% from the 3rd quarter, from RM165.8 million to RM173.3 million in the 4th quarter. The poultry, prawn and retail segments showed increases in revenue from the immediate preceding quarter.

PBT:
The Group’s profit before tax increased from RM32.7 million in the 3rd quarter to RM37.0 million in the 4th quarter, an improvement of 13%. The gross profit margin improved from 19.8% in the immediate preceding quarter to 21.3% in the final quarter of the year. One of the contributory factors for this improvement was the relative stable average USD/MYR rate in the two quarters.

Prospects:
The Group will continue expanding its network of retail stores in 2020. In addition, they are aiming to open 2 new supermarkets in Kuching and Kota Kinabalu, respectively. The new supermarkets will be branded as “CCK Local” with the tag line “Your Family Grocer”. Should the Covid-19 virus situation improve in the short-term, the Board of Directors is optimistic about the Group’s performance in the coming financial year.
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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