FRONTKN (0128) 前研科技 - [FRONTKEN CORP BHD,保持成本管理的警觉,并不断探索提高效率的方法] - James的股票投资James Share Investing

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 [FRONTKEN CORP BHD,保持成本管理的警觉,并不断探索提高效率的方法]

截至2018年6月30日止前研科技的收入较去年同期增加约1,130万令吉(16.0%)。前研科技于台湾,新加坡,马来西亚及菲律宾的附属公司的业务表现较去年同季度有所改善。半导体行业协会(SIA)宣布,截至4月和5月的全球半导体销售额分别达到376亿美元和387亿美元,与2017年4月和5月的销售额相比增长了20%和21%。由于半导体业务的正增长,前研科技于台湾及新加坡的附属公司的业务表现较去年同期分别增长12%及24%。由于新订单的保障和业务组合的扩大,其在马来西亚和菲律宾的子公司也取得了较好的业绩。

前研科技本季度的税前利润(“PBT”)为1,950万令吉,比去年相应季度的1,030万令吉高出920万令吉或90.1%。利润增加主要是由于前研科技在台湾,新加坡,马来西亚及菲律宾的附属公司业绩改善。

截至2018年6月30日止本期间,前研科技的收入为1.527亿令吉,较去年同期高出1,510万令吉(11.0%)。该改善主要是由于前研科技于台湾,新加坡及马来西亚的附属公司表现较佳。与2017年上半年相比,他们在台湾,新加坡和马来西亚的子公司2018年上半年的年初至今收入分别增长17.1%,6.5%和4.0%。这与SIA发布的报告一致。半导体行业的整体增长直接有利于集团的业绩。

与去年同期相比,由于收入改善和成本管理改善,集团的PBT增加了1,100万令吉(55.9%)。前研科技本期间的税后利润(“PAT”)为2050万令吉,与去年同期相比增加了610万令吉(42.5%),尽管前研科技在台湾的子公司宣布的股息上必须支付240万令吉的预扣税。如果他们要取消预扣税,对于类似的比较,当前年初至今的PAT将比上一年同期高出2290万令吉或59.4%,而不是上述的42.5% 。

由于前研科技于台湾,马来西亚,新加坡及菲律宾的附属公司业务表现改善,前研科技于本季度的收入较上一季度增加15.3%或约1,090万令吉。前研科技本季度未经审核的PBT改善主要是由于收入和外汇收益增加所致,比起上一季度的外汇损失。

前景:
与上年同期相比,前研科技上半年业绩有所改善;符合SIA宣布全球半导体市场连续14个月实现超过20%的增长,而2018年5月是该行业有史以来最高的月销售额。世界半导体贸易统计(WSTS)最近也公布了其行业预测项目2018年全球市场年增长率为12.4%。尽管前研科技预计本财政年度剩余6个月的整体业务状况仍将面临挑战,但前研科技谨慎乐观地认为其今年剩余时间的表现将令人满意。前研科技亦将继续保持成本管理的警觉,并不断探索提高效率的方法。前研科技的首要任务是继续将注意力集中在其服务质量和效率上,以保持其竞争力。
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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 https://web.facebook.com/jamesshareinvest/ 与我联系

最终决定永远是你的,谢谢。

James Ng
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The Group’s revenue for the current quarter ended 30 June 2018 increased by approximately RM11.3 million (16.0%) compared to the preceding year corresponding quarter. The Group’s subsidiaries in Taiwan, Singapore, Malaysia and the Philippines achieved an improved business performance compared to the preceding year corresponding quarter. The Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors reached USD37.6 billion and USD38.7 billion for the month of April and May 2018 respectively, an increase of 20% and 21% compared to the April and May 2017 sales. As a result of the positive growth of the semi-conductor business, the Group’s subsidiaries in Taiwan and Singapore achieved an improved business performance of 12% and 24% respectively compared to the preceding year corresponding quarter. Their subsidiaries in Malaysia and the Philippines also recorded a better performance due to new works secured and expanded business portfolio.

The Group’s profit before tax (“PBT”) of RM19.5 million for the current quarter was RM9.2 million or 90.1% higher than the corresponding quarter’s RM10.3 million. The higher profit was mainly due to improved performances by the Group’s subsidiaries in Taiwan, Singapore, Malaysia and the Philippines.

The Group’s revenue of RM152.7 million for the current period ended 30 June 2018 was RM15.1 million (11.0%) higher than that achieved in the preceding year corresponding period. The improvement was mainly due to better performances from the Group’s subsidiaries in Taiwan, Singapore and Malaysia. Year-to-date revenue during the first half of 2018 from their subsidiaries in Taiwan, Singapore and Malaysia rose 17.1%, 6.5% and 4.0% respectively compared to the first half of 2017. This was consistent with the report issued by SIA on the overall growth in the semiconductor industry which had directly benefited the Group’s performance.

Against the same period last year, the PBT for the Group increased by RM11.0 million (55.9%) as a result of improved revenue and vigilance in cost management. The profit after tax (“PAT”) for the Group for the current period was RM20.5 million, an increase of RM6.1 million (42.5%) compared to the preceding year corresponding period despite having to pay a withholding tax of RM2.4 million imposed on the dividend declared by the Group’s subsidiary in Taiwan. If they were to remove the withholding tax, for a like-for-like comparison, the current year-to-date PAT would have been RM22.9 million or 59.4% better than the preceding year corresponding period instead of the 42.5% mentioned above.

The Group’s revenue was 15.3% or approximately RM10.9 million higher during the current quarter as compared to the immediate preceding quarter due to improved business performance for the Group’s subsidiary in Taiwan, Malaysia, Singapore and the Philippines. The Group’s improved unaudited PBT for the current quarter was mainly due to higher revenue and foreign exchange gain as compared to foreign exchange loss in the immediate preceding quarter.

Prospects:
The Group recorded an improved first half results compared to the preceding year corresponding period; consistent with the announcement made by SIA that the global semiconductor market achieved growth of greater than 20% for 14 consecutive months, and May 2018 marked the industry’s highest-ever monthly sales. The World semiconductor Trade Statistics (WSTS) also recently released their industry forecast projects annual global market growth of 12.4% in 2018. While the Group anticipates that the overall business conditions for the remaining 6 months for the current financial year to remain challenging, the Group is cautiously optimistic that its performance for the rest of the year will be satisfactory. The Group will also continue to be vigilant in its cost management and continually explore ways to improve on its efficiency. The Group’s priority will be to continue to focus its attention on the quality of its services and efficiencies so as to maintain its competitiveness.
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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.

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Final decision is always yours, thank you.

James Ng

https://www.facebook.com/jamesshareinvest/