李水吉集团 营运环境有利
NanyangFri, Oct 12, 2018 -

目标价：1.28令吉

最新进展：

李水吉集团（LEESK，8079 ，主板消费股）6月初有2条新的半泡绵生产线进行测试，10月，每月生产量达到500公吨。

2条新的生产线，使集团的总产能增长50%到每年6000公吨，且大部分的新产能，都已经由新旧客户认领，其他产能则供内部的床垫生产。

该公司增强自动化，以缓和劳工短缺和产能瓶颈的问题。第一阶段要安装机器手臂，另外6个月是更先进的烘干机。

行家建议：

我们认为，李水吉集团将目前的营运环境中受惠。今年至今，乳胶每公斤4.44令吉，按年下跌了12.5%。过去的记录显示，乳胶价格占了该公司生产成本50%。

最近令吉兑美元疲弱，也对该集团有利，因为2017财年的营业额，有55%来自出口，且出口营业额主要是美元。

基于2018到2020财年每股净利的年均复增强劲，高达33.5%，加上营运环境有利和估值偏低，我们维持李水吉集团“买入”的评级，以及每股1.28令吉的目标价。

http://www.klsescreener.com/v2/news/view/442424/%E6%9D%8E%E6%B0%B4%E5%90%89%E9%9B%86%E5%9B%A2-%E8%90%A5%E8%BF%90%E7%8E%AF%E5%A2%83%E6%9C%89%E5%88%A9

热门股:李水吉集团上挑RM1.05
Author: Tan KW | Publish date: Thu, 11 Oct 2018, 05:32 PM

李水吉集团（LEESK，8079，主板消费股）日线股价趋势，于10月10日显现一段技术反弹走势，闭市时报97仙，按日涨4.5仙或4.86%。短期间该股或会上挑98仙至1.05令吉的阻力关口。

10/10/18行情

闭市：97仙

起落：+4.5仙

成交量：12,721宗

最高：97.5仙

最低：90仙

本益比：26.431倍

毛周息率：1.546%

52周最高：1.09令吉

52周最低：31仙



http://www.enanyang.my/news/20181011/热门股李水吉集团上挑rm1-05/

Potential Momentum Stocks - 11 Oct 18
Stock Name: BURSA (1818)
Entry: Buy above RM7.75
Target: RM7.94 (2.5%), RM8.04 (3.7%)
Stop: RM7.57 (-2.3%)
Shariah: No
Technical: Monitor for breakout

Stock Name: LEESK (8079)
Entry: Buy above RM0.975
Target: RM1.04 (6.7%), RM1.09 (11.8%)
Stop: RM0.92 (-5.6%)
Shariah: Yes
Technical: Bullish engulfing candle

Source: Bloomberg, M+ Online

keep adding on this golden counter, love it~

1023 counters dropping today, only 81 counters are rising, LEESK is one of the 81 counters. The story is telling you that LEESK is the golden horse that will never disappointing you! Stick together with good company, let's do business together with LEESK big bosses~ business is very very good, management all very very good, and the price of LEESK will rise to 1.26 very very soon!

golden chance to top up today~ upgrade package from normal to combo~

atameiban group added position also, nice~

add some today

Lee Swee Kiat Group - Sweet dreams in the Lion City (Maintain Add, with a TP of RM1.28)

Uncle knows this golden horse value, Stochastic is oversold, very very soon something will happen, definitely will rise and fly to the moon. Don't forget Q3 Q4 are traditional strong quarters. Stay tuned!

very good prospect, very good outlook~ Dato Lee is a nice boss~

haha goreng_kaki, u sold too early and superb worrying VS rise higher ah? ok ok anyway good lucks.

TheStarWed, Oct 03, 2018 - 5 hours ago

At 12.30pm, the FBM KLCI was 2.04 points lower at 1,796.11. Trading volume was 1.35 billion shares valued at RM908.99mil. There were 266 advancers versus 417 decliners and 386 counters unchanged.

Top decliners included Genting sliding nine sen to RM7.85, Maxis losing four sen to RM5.80 and IHH shedding three sen to to RM5.21.

Gaining ground, Tenaga rose four sen to RM15.58, Petronas Chemicals put on two sen to RM9.50 and COMB rose one sen to RM6.05.

On the wider stock exchange, Key Asic fell 3.5 sen to 17 sen on its proposal to undertake a share capital reduction.

Other top active counters included VS Industry adding five sen to RM1.5 and Fitter rising 0.5 sen to 41 sen.

Oil supply worries resulting from US sanctions on Iran continued to prop up the commodity's prices to four-year highs. WTI crude lost two cents to US$75.21 and Brent crude edge one cent higher to US$84.81.

In currencies, the ringgit was slightly higher against the greenback at 4.1388. It slid 0.1% against the pound sterling at 5.3777 and 0.1% against the Singapore dollar at 3.0127.

goreng_kaki sure sold his shares at below 1.7 and worrying VS rising higher.

solid sifu, thanks for the great info, will grab!

proinvestorsifu is really a solid sifu~

i believe next monday after event @ Singapore, bioholding will shoot to 0.27.

sifu, bcoz of 电动车 ka?

业绩不俗‧威城价量齐升
Author: Tan KW | Publish date: Mon, 1 Oct 2018, 04:42 PM

威城（VS,6963,主板工业产品服务组）2018财政年业绩表现不俗，市场看好其展望，在上周短短5个交易日里，价量齐升，累积14.57%或22仙涨幅。
威城（VS,6963,主板工业产品服务组）2018财政年业绩表现不俗，市场看好其展望，在上周短短5个交易日里，价量齐升，累积14.57%或22仙涨幅。

威城在上周二公布全年业绩，周一股价已有上扬趋势，周二开始火力全开大幅走高，至周四已连破数道关口，站上逾3个月新高的1令吉76仙。

该公司在周三除了股价大扬外，交投量更激增至4329万3300股，稍后涨幅有所收敛，周五则遭套利回跌至1令吉73仙。

受母股走扬带动，威城WA（VS-WA,6963WA,凭单）价量同样走高，股价由21.5仙走高至上周五的38仙。

市场传出威城主要客户戴森（Dyson）正寻厂建造第一款电动车消息，市场预期若消息属实，该公司将有望从中获益。

http://www.sinchew.com.my/node/1798902/业绩不俗‧威城价量齐升

anytime engine will boom boom boom~

http://cj.sharesinv.com/20180925/60299/

3只值得买入的马来西亚价值增长型股
林思杰林思杰 2018年 09月 25日 热门股票

联昌国际(CIMB)的分析师指出，马来西亚企业普遍疲弱的2Q18业绩，冒出了不少值得一看的价值增长型股。本文将为大家报道其中3只。

1. 元宙集团(Oceancash Pacific)
CIMB 筛选元宙集团为其中一只价值增长型股，原因有三。首先集团拥有强劲的增长前景，其3年每股盈利以13.5%年复合增长率增长；其次是集团的业务属于防御型；还有就是市场(尤其是新兴国家)对其卫生和绝缘毯产品的需求不断增长。

尽管元宙集团的1H18表现平平无奇，CIMB预期它的2H18业绩将强力回弹。CIMB期待集团两个业务的产量将会增加。目前令吉疲弱令CIMB对集团在2H18表现较佳信心更大，因为集团60%的收入是以美元出口为主。

CIMB指出，元宙集团已为其绝缘毯和卫生产品部门制定好合适的增长计划。绝缘部门方面，集团计划在印尼生产更多较便宜的非树脂绝缘毯来降低售价。这将可以帮助填满印尼方面剩余的33%产能利用率。

至于卫生部门方面，集团计划在泰国设立一个仓库来应付在周边许多大规模的尿布厂房。

买入； 目标价0.76令吉；近期价位大约在0.53令吉

2. 兴业银行(RHB Bank)
CIMB指出，兴业银行是一只估值不苛求的增长型股。由于它的估值诱人及预期可从其正在进行的改革计划中受惠，因此，它是银行领域中的首选。

兴业银行目前正以不苛求的8.7倍FY19预期本益比及0.8倍股价与账面值比交易。CIMB也指出，兴业银行的改革计划开始带来成果。这个计划帮助兴业银行提高其营运效率及令其低成本存款增长。 CIMB预期这个改革计划可推动收费收入长期增长。CIMB指出，兴业银行如果在来临季度取得强劲的财务表现可推动其获得再评级。

买入；目标价为6.23令吉；近期价位大约在5.43令吉

3. 李水吉集团(Lee Swee Kiat Group)
李水吉集团是马来西亚最大规模的天然乳胶床垫生产商。集团目前的估值十分诱人，以消费领域的折扣交易。它是以13倍FY19预期本益比交易，相对消费领域的本益比为29.7倍。

尽管估值不苛求，但集团的盈利增长前景强劲。其FY18至FY10的盈利预期以33.5%年复合增长率增长，后者受到多个因素推动，包括乳胶海绵(半制成品)至2Q18末的产能提高50%；床垫销售增加及天然乳胶的价格偏低。

CIMB认为，集团拥有的820万令吉净现金可让其进行带来盈利的收购。集团收购5家Mattress Factory Outlet分店及“MFO”商标 的计划将会帮助其床垫业务继续增长及中期而言可提高其盈利。

买入；目标价1.28令吉；近期价位大约在1.00令吉

https://www.eventbrite.sg/e/malaysian-market-and-sector-outlook-2019-tickets-50522363750

DESCRIPTION
Malaysian Market and Sector Outlook 2019 by CGS-CIMB (Singapore)

Supported by BURSA MALAYSIA BERHAD



Join us for an information packed session with our experts Kong Seh Siang, Head, CIMB Retail Research Malaysia and Song Seng Wun, Director and Economist, CIMB Private Banking, and learn about the future of the Malaysian market. We have also invited the management from 3 listed Malaysian companies to share more about their firms’ upcoming plans and directions.


Event Itinerary


Time Details

0830 - 0900 Registration

0900 - 0915 Welcome remarks by CGS-CIMB

0915 - 0930 Opening remarks by Bursa Malaysia Berhad

0930 - 1015 AWC Berhad presentation by Mr. Richard Voon, Chief Financial Officer followed by Q&A

1015 - 1030 Morning Break

1030 - 1115 Bioalpha Holdings Berhad presentation by Mr. William Hon, managing Director / Chief Executive Officer, followed by Q&As

1115 - 1200 Lee Swee Kiat Group Berhad presentation by YBhg Dato' Eric Lee, Managing Director followed by Q&A

1200 - 1330 Buffet lunch

1330 - 1415 Presentation on Global Market Outlook by Song Seng Wun, Director and Economist, CIMB Private Banking

1415 - 1500 Presentation on Malaysia Market Technical Outlook by Kong Seh Siang, Head, CIMB Retail Research Malaysia

1500 Event ends


Company Profiles:



Brief background on AWC Berhad (AWCF MK)

AWC Bhd is an investment holding company. The Company, through its subsidiaries, provides integrated facility management services as well as landscape architectural services. AWC also provides specialist services in mechanical and electrical engineering for high rise buildings as well as home and building automation systems.

Brief background on AWC Berhad (AWCF MK)

Sector & Industry: Industrials (Construction & Engineering)

Market Cap (US$ m): $49*

Average daily turnover (US$ m): $0.16*

Presenter: Mr. Richard Voon, Chief Financial Officer


Brief background on Bioalpha Holdings Berhad (BIOA MK)

Bioalpha Holdings Berhad manufactures and sells semi-finished and finished health supplement products.The Company's health supplement products includes processed herbs, formulated ingredients, functional foods as well as herbal and non-herbal supplements which offer a variety of health benefits.

Sector & Industry: Healthcare (Biotech & Pharma)

Market Cap (US$ m): $49*

Average daily turnover (US$ m): $0.10*

Presenter: Mr. William Hon, managing Director / Chief Executive Officer




Brief background on Lee Swee Kiat Group Berhad (LSKG MK)

Lee Swee Kiat Group Berhad is an investment holding company. The Company, through its subsidiaries, produces laminated foams as well as manufactures bedding products such as mattress and polyurethane foam.

Sector & Industry: Consumer Discretionary (Home & Office Products)

Market Cap (US$ m): $41*

Average daily turnover (US$ m): $0.34*

Presenter: YBhg Dato' Eric Lee, Managing Director

next week announce

1.88

sabar bro~ quite soon~ stay tuned~!!

威城主要客户戴森（Dyson）正寻厂建造第一款电动车消息，分析员预期若消息属实，该公司将有望从中获益。

guys!! are you ready!! warming up soon!!

cimb is covering leesk and target price by coming Q is rm1.28. after good result, will further upgrade the target price to 1.3x~1.5x.

ata bro, yes, to make healthy future uptrend, that will be best to consolidate at 0.9x for a period of time.

but i believe LEESK this black horse will rest a while before moving to RM1.28. Most likely Aug-Sep in range of RM0.9 to RM1.08. Same as June-July, form a strong base 1st before climb to another level~

fantastic good result as mentioned earlier, and target price also has been upgraded from RM1.16 to RM1.28!!

CIMB - Lee Swee Kiat Group - A good night's sleep (Maintain Add, with a higher TP of RM1.28)

Nov will boom boom boom~ Feb will boom boom boom as well~

rm1.2 sure can reach if leesk's revenue and profit higher and higher~

Money122... your Tp 2 not so soon lah~ stage by stage~ be patient pls~

as mentioned, there'll be more to come~ stay tuned! cheers~

Last call!!

LEESK

Yesterday, LEESK gained 4.0 sen (+4.04%), to close at RM1.03 with a bullish “Marubozu” candlestick formed.
Trend has been positive with subsequent formation of higher highs and higher lows after the share bottomed-out in early-Dec last year.
Technical indicators seem supportive and suggest for an attempt to test the next higher high with the MACD inflecting upwards to crossover Signal-line while key SMAs remain in “Golden Cross” state.
From here, follow-through buying may bring the share to meet resistance at RM1.20 (R1) with a decisive take down will see the index on a higher note at RM1.30 (R2)
However, failure to do so, the share may retreat back to immediate support level RM0.850 (S1) and RM0.745 (S2) further down.

Source: Kenanga Research - 9 Aug 2018

https://klse.i3investor.com/blogs/kenangaresearch/168871.jsp

no nid next Friday, by next week will shoot to the moon

well done LEESK, 1.03 is new high, there's no blocking ahead, let's see how fast it shoots up like rocket to the moon RM1.16. After announced fantastic result, should have news posted related to upgrading of target price to RM1.3~RM1.5. Cheers~

KLCI back to 1800! +11.18 so far~ good sign good trend

bro, enjoy the best ever 2nd Q result that going to release on 20 Aug 2018 first~ cheers~

last chance for you all to grab or add position~!! LSK Q2 results will be out on Monday
20 Aug 2018!! stay tuned~!!

be patient mates~ be patient for the fruitful returns~ i'm glad that you all are having positive and right investment strategies. Good company good boss definitely won't disappoint you!

littleangel8, absolutely! both LEESK and CCK are good counter. As I mentioned very earlier, LEESK is the golden black horse of 2018~ cheers!

新政策风险．下半年严峻．小股长期胜大股
Sinchew Wed, Jul 25, 2018 - 6 days ago


（图：马新社）

（吉隆坡25日讯）富时小资本指数今年上半年走势跑输大市，联昌研究忧虑新政府持续对现行政策进行检讨恐对企业盈利带来风险，相信马股下半年将持续动荡不安，小资本股走势料持续受抑。

不过，该行认为，在强劲盈利增长潜能加持下，小资本股长期前景依旧向好。

政策检讨恐冲击企业盈利
马股下半年或续动荡

今年以来，富时小资本指数表现落后大市，按年下跌16%，比富时综合指数的2%为高，联昌研究追踪的50只小资本股今年市值累积萎缩14.8%，其中高达40只股项录得负回酬，仅有9只为投资者带来正面回酬。

“这主要归咎于企业盈利表现疲弱、全国大选后外资撤离，以及部份股项与前朝政府有所关联。”

联昌研究说，在其追踪的50只股项中，多达38.8%过去5个季度财报表现逊于预期，仅有12.8%盈利表现超出预期，总体表现比马股平均为差，反映出小资本股因缺乏经济效益，以及营收不够多元化，营运环境比大资本股更为严峻。

此外，根据选前选后的外国资金流动数据，外资在选前净买进2亿令吉，选后则净卖出106亿令吉，反映出外资对政权变天带来的不明朗性感到忧虑，以及忧心部份股项可能与前朝政府有所关联。

该行认为，新政府持续对现行政策进行检讨可能对企业盈利带来风险，其中以小资本股潜在风险最大，相信马股下半年可能持续震荡不安。

“在营运成本压力不断攀升，以及马币汇价持续震荡的环境下，小资本股盈利可能持续叫人失望，主要是大资本股凭藉更好的应对能力，以及经济效益，抗压性往往比小资本股来得强。”

其他潜在挑战，还包括经济增长减速、政策或监管政策调整可能对营业额带来压力、中国与美国贸易战升温、营运成本压力攀升和全球货币政策紧缩。

尽管如此，联昌研究仍长期看好小资本股潜力，主要是其提供投资者更强劲的盈利增长组合，以及较低的机构投资掌控，维持领域“中和”评级。

“虽然下半年小资本股前景依旧严峻，但我们相信小资本股高达19.8%的3年每股盈利复合年均增长率（CAGR）值得投资者长期布局。”

3大投资主题

长期而言，该行依旧相信小资本股将为投资者带来发掘隐藏珍宝的机会，并列出3大投资主题：消费为王、估值一落千丈，以及永续收入与高盈利能见度。

该行补充，9只小资本首选股现以11.2倍平均本益比进行交易、2018和2019年股本回酬也达到13.7%至14.6%，加上介于3.8至3.9%的周息率，预见任何卖压将为投资者带来增持机会。

1.消费为王

政府在5月全国大选后宣布，消费税从6月1日起归零至销售税9月登场为止，3个月的税务假期有望提振消费情绪和开销，对餐饮、烟草、酿酒、博彩、港口、汽车和媒体业将是一大福音，其中宝利机构（BONIA,9288,主板消费品组）、中央冷藏控股（CCK,7035,主板消费品组）、佳源食品（KAWAN,7216,主板消费品组）和李水吉集团（LEESK,8079,主板消费品组）将是潜在赢家。

2.估值一落千丈

投资者可以开始将焦点放在估值显著回调，并逐步浮现投资价值的股项，主要是这类股项当前的下行风险有限，同时股价也可能在盈利强劲复苏，以及估值获得重估下走扬，当中胜利者国际（SIGN,7246,主板消费品组）和陈唱摩多（TCHONG,4405,主板消费品组）就是合适选择。

3.永续收入与高盈利能见度

林木生集团（LBS,5789,主板产业组）、毕达良（PRESBHD,5204,主板贸服组）和睦兴旺工程（MUHIBAH,5703,主板建筑组）拥有强劲的订单可支撑盈利增长，潜藏的风险相对较低，值得投资者关注。

Small-cap stocks rebound after falling 24%
TheStar Thu, Jul 26, 2018 - 6 days ago


Long-term value: CIMB Research reckons that despite the uncertainties in the market, small-cap stocks offer long-term value accretion to investors

Long-term value: CIMB Research reckons that despite the uncertainties in the market, small-cap stocks offer long-term value accretion to investors

PETALING JAYA: Stocks with a small market capitalisation on Bursa Malaysia, or small-cap stocks, have clawed back some of the losses they have seen since the start of the year as market sentiment improves.

On a year-to-date basis, the FBM Small Cap Index has lost more than 12% compared to the 1.8% loss in the FBM KLCI, which tracks 30 blue-chip stocks.

Small-cap stocks tracked by the FBM Small Cap Index have fallen as much as 24% from mid-January to mid-April. The index fell further at end-June to its lowest for the year, before rebounding more than 9% over the last three weeks.

CIMB Research reckoned that despite the uncertainties in the market, small-cap stocks offer long-term value accretion to investors.

“We are still bullish on small caps in the long run because they offer investors stronger growth prospects and are under-institutionalised.

“Also, in the longer run, we think the small-cap space would continue to provide investors opportunities to unearth ‘alpha’ gems,” it said in a report yesterday.

CIMB attributed the underperformance in the small-cap index to poor corporate earnings over the past few quarters, foreign equity outflows, which led to a selldown in small-cap stocks, and expensive stock valuations.

It pointed out that at end-2017, the FBM Small Cap Index was trading at a valuation of 17 times the price-earnings ratio, which was close to that of the index-linked stocks.

In terms of a short-term view, CIMB said that the outlook for the small-cap stocks remained unexciting in the second half of this year due to earnings downside risk and possible negative impact from a review of government policies.

“In our view, domestic equity markets would remain volatile in the second half of this year as the new government’s ongoing review of policies and the impact of these reviews pose earnings downside risk for corporates, especially small-cap companies.

“Other challenges in the second-half of 2018 include slower economic growth, revenue pressure from possible policy or regulatory changes, escalating trade tensions between China and the United States, rising operating cost pressures and global monetary tightening,” it said.

The research house said the key pointers for small-cap counters were consumer stocks with defensive earnings, bombed-out stocks with emerging value, and stocks with recurring income and high earnings visibility.

“We believe that any selldown in our selection of small-cap stocks offers investors opportunities to accumulate,” it said.

Among its top picks for defensive consumer stocks are CCK Consolidated Holdings Bhd , Lee Swee Kiat Group Bhd and Kawan Food Bhd .

CIMB said there were a total of 50 stocks under its coverage of 129 companies that qualify as small caps. Of the 50 small-cap stocks under its coverage, 30 stocks have market capitalisations of RM500mil to RM2bil, 11 stocks have market caps of RM200mil to RM500mil, and eight stocks have market caps of below RM200mil.

On a year-to-date basis, CIMB said the collective market cap of all the 50 small-cap stocks under its coverage had declined by 14.8%.

“Among the small-cap stocks under our coverage, the top-three performers in terms of share price are Lee Swee Kiat, CCK and Tan Chong Motor ,” it said.

you all will be surprised that this black golden horse of 2018 will very soon fly to 1.16 by Aug, and once fantastic result released end of Aug, CIMB and others will upgrade the target price to RM1.3X~RM1.5X. Cheers~!

it is not high yet... yet to reach its fair price~ stay tuned!

believe < 2 weeks time, leesk can stand above RM1++

be patient for the fruitful return! cheers!

新政策降生活成本刺激消费．零售领域渐复苏
Sinchew Wed, Jul 11, 2018 - 20 hours ago


（吉隆坡11日讯）新政府上任后积极降低国人的生活成本，包括实施零消费税、控制汽油价格及重启补贴机制，分析员预计，消费品销量将走扬，零售领域已步上复苏之路。

联昌研究日前举行消费者日投资会，安排10家消费品公司汇报，并于较后发表报告指出，与会者皆认同，政府降低生活成本包括实施津贴和控制汽油价格奏效，消费信心将回流，并有望在短期内，刺激消费产品需求走扬。

联昌引述大马零售集团董事经理陈海信的看法指出，零售领域在2017年温和成长2%，归咎于尚无法从2015年4月实施消费税后恢复元气所致，加上马币走软推高零售价和高居不下的生活成本，也都减弱消费者购买力。

陈海信预计，在全国大选后，消费信心已逐步回升，尤其是消费税降为零后的6月1日，部份零售商的销售甚至在该段期间按月飙升10%至30%；高增值产品包括奢侈品、电子产品和汽车销售也激增，惟杂货店、迷你市场和小型线上零售商销售却没有大幅增加。

他预计，零售商将积极提供各项折扣，以吸引消费者。

次季零售销售预测上调至6.3%

大马零售集团也基于全国大选后消费增加，而上调今年第二季零售销售预测，由3.7%调高至6.3%，第三季已经可录得6.8%，并预计全年销售可录得5.3%增长，比去年的增长4.7%高。

陈海信也认为，电子商务无法在短时间内可以取代实体商店，因客户对产品最佳反馈依然是来自实体店的经验，在过去数年，新趋势的情况是部份线上的已转移至实体店，包括Fashion Valet、Christy Ng及Reebonz。

联昌认为，所追踪的消费股目前的估值，已经反映出消费情绪因零消费税而增加开销的利好，因此维持零售领域“中和”评级。

10家消费品公司汇报重点：

公司：全利资源（QL,7084,主板消费品组）

评级：减持

目标价：4令吉48仙

●全利资源预计海产生产业务（MPM）有望在渔获增加和在2018年3月完成建设的两家冷冻鱼糜制品厂推动下，2019财政年盈利将走扬。

至于综合家畜业务（ILF），预计大马半岛的鸡蛋价格料无法在2019财政年恢复，不过，其在东马、印尼和越南的饲养场有望抵销疲弱的农产品价格，同时，也计划在印尼东爪哇建立第二季商业饲料厂，和放眼在2022年，增加东马肉鸡生产至2000万只。

全家便利店目前在巴生河流域有39家分店，预计在2019财政年杪开始多50家；该公司目前的中央厨房可以迎合200家分店，目前已物色地点以建设第二家中央厨房。

全利资源适度谨慎看待生物能源（POA）业务前景，因2019财政年手机，在印尼的园丘面对了暴雨，预计将拉低鲜果串产量和棕油榨取率（OER）。

公司：7-11控股（SEM,5250,主板贸服组）

评级：减持

目标价：1令吉12仙

●7-11控股已在5月杪迁移至新的中央分销中心（CDC），相信将提升营运效率和改善成本控制。

7-11控股也指出，已经改善其库存单位策略，及精简产品至自制产品、一个高级产品和低端产品。该集团也认为，零消费税将对该公司带来正面影响，并持续每年开市200家分店和装修150家分店的策略，今年首季以开始13家新分店和装修了42家。

公司：必胜（SPRITZER,7103,主板消费品组）

●必胜在中国的业务依然没有起色，年度亏损达1000万令吉；该集团在中国的业务主要以贸易为主，并将转换策略至售予不会退货的客户，该集团也无意脱售中国的业务。

必胜也配置4000万令吉资本开支，以增加两条生产线，预计产能可从目前的6亿5000万公升增加20%，生产线料可在2019上半年完成。

公司：永旺（AEON,6599,主板贸服组）

●永旺认为，零消费税将刺激百货公司部门的销售，惟对超级市场销售则带来中和影响。

永旺将调整其策略，一年将仅开设1家广场，比过去开设2至3家广场少，并首度在东马的砂拉越古晋开设了广场，也预计在2019年，于森州汝来开设另一家广场。

永旺将持续为旗下分店进行整修，今明两年将分别为万达广场（One Utama）、Tebrau city及焦赖马鲁里广场进行整修，料每项成本为2000万至4000万令吉。

公司：丽鸿（LAYHONG,9385,主板消费品组）

●丽鸿目前在柔州建设新的液体鸡蛋设施，预计可在今年杪增加100%产能至每个月800公吨，预计国内外对液体鸡蛋的需求将更见强劲，尤其是新加坡在餐饮业者增加下。

肉鸡业务方面，丽鸿计划在2019财政年杪，增加肉鸡产量66.7%至每月200万只。

丽鸿与日本火腿（NH Foods）联营的工程预计今年第三季投入营运，产能为每月2000公吨，料70%的产量将作为出口，剩余则在国内销售。

公司：佳源食品（KAWAN,7216,主板消费品组）

评级：增持

目标价：3令吉14仙

●佳源食品位于英达岛的厂房预计将于7月营运，预计可增加3倍产能，放眼3年可达到产能饱和。佳源食品也预计在新厂房设立中央厨房后，可以推介即食产品，惟总盈利赚幅料低于冷冻食品。

公司：中央冷藏控股（CCK,7035,主板消费品组）

评级：增持

目标价：1令吉零9仙

●中央冷藏控股相信家禽产品维持强劲，归功于餐饮业的强劲需求，包括国家快餐业者、产品供应种类多样化包括腌制品和开设更多分店。

中央冷藏控股计划在未来2至3年，开设10家分店，惟店面相对较小，主要以东马地区为主，因看中当地竞争较小和人口庞大。

对于较大的分店，该公司计划进行整修，以给予清新的面貌，以便吸引年轻消费者和拥有更大空间售卖产品，并计划在未来加强零售供应，包括提供高赚幅的产品如即食产品。

公司：李水吉集团（LEESK,8079,主板消费品组）

评级：增持

目标价：1令吉16仙

●李永吉集团的两条新的乳胶发泡生产线已在今年5月杪，全线投入商业化生产，将提升50%产能至每年6000公吨，并放眼在应用自动化下，产能将进一步增加。

李永吉集团预计在2020年，以工业化4.0营运，生产线潜在增加产能至每年1万公吨。

至于床垫业务，李永吉集团计划以企业对客户模式，更积极开拓国内市场。

公司：SCGM公司（SCGM,7247,主板工业产品组）

●SCGM公司预计2019财政年业绩表现持平，尽管预计销售将因为产能增加而获推高，惟高折旧费和高利息开心将打击盈利，不过放眼2020财政年开始，盈利将有所增加，因新厂房使用率将提升。

公司：KLCC产托（KLCC,5235SS,主板产业投资信托组）

●KLCC产托不担心办公楼供应过剩，预计可透过与国家石油的关系而降低风险，同时，放眼阳光广场的出租率能够重回高峰的98%，而文华东方酒店在装修客房后，表现将有所改善。

Hi Billy, better yoy is expected~ cheers~