[FGV HOLDINGS BERHAD：种植部门销量下降导致种植部门亏损增加]

这集团的营业额较上年同期下降7.3％至60.8亿令吉，而这集团在这财政期间蒙受税前亏损1亿4523万令吉，相比之下前一个财务期为3336万令吉的亏损。这主要是由于种植部门销量下降导致种植部门亏损增加。

种植部门：
截至2020年6月30日的财政期间，种植部门的亏损较高为1.0498亿令吉，相比之前同期的亏损为1428万令吉。这主要是由于CPO销量下降了21.7％，FFB产量下降了13.8％，至190万吨，转化为每公顷7.51吨的较低产量，而去年同期为220万吨和每公顷9.14吨的产量。毛棕榈油的出厂成本为每公吨1,711令吉，高于去年同期的每公吨1,416令吉，部分原因是产量降低。 OER 20.05％低于上一年的20.48％。橡胶部门利润率的下降进一步削弱了该部门的业绩。

制糖业：
糖业部门的亏损减少至5,442万令吉，较上一个财政期间的5,603万令吉减少。

物流及其他行业：
物流及其他部门的利润较低，为2262万令吉，而上一个财政期间的利润为2627万令吉。物流部门的利润下降了16％，因FFB产量下降且bulking活动获得的租金收入下降。由于政府于2020年3月中旬颁布了《行动控制令》，一些项目也被搁置。

QoQ：
该集团报告未扣除税项前的盈利为1,782万令吉，相比之下，上一季度的亏损为1亿6305万令吉。

前景：
制糖业将继续充满挑战，并将专注于其周转计划，产品多样化和出口市场。董事会预期整体业务环境仍将不确定且波动。
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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 RM3.69, dividend RM0.052, in 2 years 1 month 19 days, total return is 423.4%

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 30 days, total return is 320.9%

c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.45 adjusted, dividend RM0.055, in 1 Year 3 months 29 days, total return is 289.5%

d. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.92, dividend RM0.005, in 4 months 7 days, total return is 160.6%

e. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.38, dividend RM0.02, in 7 months 29 days, total return is 145.6%

f. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.92, dividend RM0.003, in 1 Year 1 month 6 days, total return is 102.9%

g. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.35, in 5 months 5 days, total return is 84.2%

h. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.71, dividend RM0.015, in 11 months 11 days, total return is 62.9%

i. PERAK TRANSIT BHD, recommended on 19 July 20, initial price was RM0.18, rose to RM0.29, dividend RM0.0025, in 2 months 12 days, total return is 62.5%

j. JAKS RESOURCES BHD, recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.875, in 1 year 8 months 11 days, total return is 52.2%

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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[FGV HOLDINGS BERHAD: higher losses registered in Plantation Sector as a result of lower sales volume in Plantation Sector]

The revenue of the Group dropped by 7.3% to RM6.08 billion compared to previous corresponding period while the Group incurred a loss before zakat and taxation of RM145.23 million for the financial period under review compared to a loss of RM33.36 million in previous financial period. This was mainly due to higher losses registered in Plantation Sector as a result of lower sales volume in Plantation Sector.

Plantation Sector:
Plantation Sector registered higher loss of RM104.98 million for the financial period ended 30 June 2020 compared to RM14.28 million loss recorded in previous corresponding financial period. This was mainly attributable to the decrease in CPO sales volume by 21.7% in tandem with the lower FFB production by 13.8% to 1.90 million mt, translated into a lower yield of 7.51 mt per hectare compared to 2.20 million mt production with a yield of 9.14 mt reported in previous corresponding period. CPO cost ex-mill was higher at RM1,711 per mt compared to RM1,416 per mt in previous corresponding period partially due to the lower production. OER achieved was lower at 20.05% compared to 20.48% registered in the previous year. The Sector’s result was further eroded by the lower margin in rubber division.

Sugar Sector:
Sugar Sector registered a lower loss of RM54.42 million compared to RM56.03 million loss in previous financial period.

Logistic and Others Sector:
Logistic and Others Sector recorded a lower profit of RM22.62 million compared to RM26.27 million profits in previous financial period. Logistic division recorded lower profit by 16% in tandem with lower FFB production and decrease in rental income received from bulking activities. Some projects were also being put on hold due to the Movement Control Order imposed by the Government in middle March 2020.

QoQ:
The Group reported a profit before zakat and taxation of RM17.82 million compared to RM163.05 million loss in preceding quarter.

Prospects:
Sugar Sector will continue to be challenging and will focus on its turnaround plan, product diversification and export market. The Board expects the overall business environment to remain uncertain and volatile.
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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