[NESTLE MALAYSIA BHD：确认了6年以来最高的CAPEX计划，其中包括对其Shah Alam工厂的大量投资，以建立基于植物的膳食解决方案的先锋设施]

2Q20 vs 2Q19:
截至2020年6月30日的第二季度，该集团的总营业额为12.2亿令吉，较2019年第二季度温和下降（-8.7％）。这主要归因于MCO期间对HORECA（酒店，餐厅和咖啡厅）渠道的严格运营限制，以及公众流动性的下降影响了餐厅，R＆R休息站和与办公室相关的渠道的销售。对于雀巢而言，这对他们的雀巢专业业务产生了重大影响，雀巢专业业务服务于户外渠道，以及即饮和某些食品。

在充满挑战的背景下，雀巢在2020年第二季度取得了稳固的税前利润为1.401亿令吉和税后利润为1.055亿令吉。在比较基准（2019年第二季度为1.569亿令吉）的情况下，利润受到了根据MCO下的HORECA情况的影响，以及确保工作安全，支持前线人员并确保整个价值链的连续性所需的额外费用。

YTD20 vs YTD19：
截至2020年6月30日的上半年，该集团的营业额为26.5亿令吉，与去年同期的27.9亿令吉相比略有下降。这是由于农历新年对他们第一季度销售量的影响较上年同期提前，以及第二季度COVID-19的影响。

集团在上半年录得可观的毛利润率，税前盈利为3.864亿令吉，税后盈利为2.918亿令吉。这收缩相比2019年的同期（2019年上半年的PAT为3.921亿令吉）反映了COVID-19对HORECA渠道的影响，维持工作安全和运营连续性所需的大量费用（约5000万令吉，主要是在Q2）。

2Q20 vs 1Q20:
截至2020年6月30日的第二季度，该集团的营业额下跌至12.2亿令吉，主要是由于MCO期间对户外渠道的限制。影响主要是由于我国在2020年第二季度处于MCO之下的时间更长，而在2020年第一季度只有2周，并且集中在4月/ 5月，从RMCO开始以来就逐步改善。税前利润为1.401亿令吉，固然可靠，但受到MCO对HORECA渠道产生的相关影响以及COVID-19相关费用的影响。

前景：
正如早前宣布的那样，他们已确认了6年以来最高的CAPEX计划，其中包括对其Shah Alam工厂的大量投资，以建立基于植物的膳食解决方案的先锋设施。他们有信心，雀巢将处于有利的地位，可以在全年及以后的时间内实现可持续的收益，同时在不确定和面临下行风险的经济环境中继续采取审慎的管理。
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James Ng Stock Pick Performance:
Since Recommended Return:

a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.60, dividend RM0.052, in 2 years 1 month 3 days, total return is 410.8%

b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM50.58 adjusted, dividend RM0.52, in 2 Years 2 months 14 days, total return is 320.9%

c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.17 adjusted, dividend RM0.055, in 1 Year 3 months 13 days, total return is 272.8%

d. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.91, dividend RM0.005, in 3 months 22 days, total return is 157.7%

e. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.39, dividend RM0.01, in 7 months 13 days, total return is 145.6%

f. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.785, dividend RM0.015, in 10 months 26 days, total return is 79.8%

g. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.33, in 4 months 20 days, total return is 73.7%

h. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.30, in 11 months 22 days, total return is 50%

i. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.66, dividend RM0.003, in 1 Year 21 days, total return is 45.7%

j. UNISEM (M) BHD, recommended on 19 May 19, initial price was RM2.58, rose to RM3.60, dividend RM0.08, in 1 Year 3 months 27 days, total return is 42.6%

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超过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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免责声明：
高波动性投资产品，你的交易存在风险。过往表现不能作为将来业绩指标。内容仅作为分享，讨论以及领域的分析，而非是一种投资建议，买或卖自负。请Like和Share。最终决定永远是你的，谢谢。

James Ng
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[NESTLE MALAYSIA BHD: highest CAPEX plan in 6 years is confirmed as announced earlier, including a significant investment going into their Shah Alam factory to build a pioneering facility for Plant-Based Meal Solutions]

2Q20 vs 2Q19:
For the second quarter ended 30 June 2020, total turnover for the Group was RM1.22 billion, a moderate decline in comparison to Q2 2019 (-8.7%). This was mainly attributed to severe operational restrictions on HORECA (Hotel, Restaurant & Café) channels during the MCO, as well as to the decline in mobility of the public impacting sales in restaurants, R&R rest stops, and office-related channels. For Nestlé, this had some material impact on their NESTLÉ PROFESSIONAL business, which serves the Out-of-Home channels, as well as their Ready-to-Drink and some food products.

Against a challenging backdrop, the Group turned in a solid Profit Before Tax of RM140.1 million and a Profit After Tax RM105.5 million for Q2 2020. Against the comparative baseline (PAT RM156.9 million in Q2 2019), profit was impacted by the HORECA situation under MCO and additional expenses necessary to ensure work safety, support to front liners and ensuring continuity across the value chain.

YTD20 vs YTD19:
For the first half ended 30 June 2020, the Group’s Turnover stood at RM2.65 billion, a minor reduction compared with RM2.79 billion in the previous year’s corresponding period. This was due to the anticipated earlier timing of Chinese New Year impact on their Q1 sales vs prior year, as well as the COVID-19 impacts in Q2.

The Group recorded resilient profit margins for the first half, with a Profit Before Tax of RM386.4 million and Profit After Tax of RM291.8 million. The contraction against the same period of 2019 (PAT RM392.1 million in H1 2019) reflects the impact of COVID-19 on HORECA channels, the significant expenses needed to preserve work safety and operational continuity (in the order of RM50 million, mostly in Q2).

2Q20 vs 1Q20:
For the second quarter ended 30 June 2020, the Group registered lower turnover of RM1.22 billion, primarily due to restrictions on Out-of-Home channels during the MCO. The impact was mainly due to the longer period when the country was under the MCO in Q2 2020 compared to only 2 weeks in Q1 2020, and was concentrated in April/May, with a progressive improvement from the start of RMCO. Profit Before Tax at RM140.1 million was solid but impacted by COVID-19 related impacts under MCO on HORECA channels and COVID-19 related expenses.

Prospects:
Their highest CAPEX plan in 6 years is confirmed as announced earlier, including a significant investment going into their Shah Alam factory to build a pioneering facility for Plant-Based Meal Solutions. They are confident that the Group is well-positioned to deliver sustainable earnings, for the balance of the year and beyond, while continuing to apply cautious management in an economic context that remains uncertain and with downside risks.
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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 over 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