ENGTEX (5056) 勇达集团 - [ENGTEX GROUP BHD:大马大量未售出的住宅物业以及办公场所和购物中心的供过于求,国际及国内金属价格波动,不打算启动任何房地产开发项目] - James的股票投资James Share Investing

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 [ENGTEX GROUP BHD:大马大量未售出的住宅物业以及办公场所和购物中心的供过于求,国际及国内金属价格波动,不打算启动任何房地产开发项目]

税前利润减少主要是由于某些制成品钢材的原材料成本增加以及其在甲洞和Selayang完成的房地产开发项目的经营成本。前一年同期的除税前利润包括出售两块空置工业用地的收益,总额约为840万令吉。

鉴于国际和本地金属价格的波动以及营运资金需求的增加,原材料和交易库存的采购量增加导致银行借款总额从2017年12月31日的5.481亿令吉增加至2018年6月30日的6亿2680万令吉,现金及现金等价物由2017年12月31日的1.118亿令吉减少至2018年6月30日的9,360万令吉。这导至净负债比率从2017年12月31日的0.63倍增加截至2018年6月30日的0.75倍,但勇达集团的财务状况处于可控水平。

批发和分销部门:
该部门利润及除税前溢利分别为2840万令吉及1820万令吉,较2017年分别减少10.3%及7.2%。收入增加主要归因于与金属相关的交易产品的市场需求强劲,而税前利润较低主要是由于国际和国内金属价格的波动。

制造部门:
该部门录得较低利润及税前利润分别为2,280万令吉及1,090万令吉,较2017年分别减少38.3%及59.2%。2018年的税前营业利润为1,090万令吉,与2017年的1,980万令吉(不包括出售一块空置工业用地的收益约710万令吉)相比较低,主要原因是原材料成本增加。

物业发展部门:
该部门的税前亏损为220万令吉,主要是由于其在甲洞和Selayang完成的房地产开发项目的建设和运营成本上升。

招待部门:
该部门录得税前合并亏损330万令吉,主要由于本期间融资成本及所产生的折旧总额为290万令吉。

与截至2018年3月31日止的上一季度相比,收入和税前利润减少的主要原因是某些成品钢产品的市场需求下降以及国际和国内金属价格的波动,以及对在所有已完成的房地产开发项目未售出物业单位(需求停滞不前)。

前景:
马来西亚经济在2018年第二季度(2018年第一季度:5.4%)以4.5%的速度放缓。在需求方面,较低的公共投资和净出口增长减缓了增长。在住宅和非住宅的房地产,增长继续下降,部分反映了大量未售出的住宅物业以及办公场所和购物中心的供过于求。随着全球贸易周期的正常化,亚洲地区的增长预计将在下半年放缓。

勇达集团于本年度的表现仍将充满挑战,并将受到国内需求,全球经济环境,国际及国内金属价格波动以及准时实施建筑,公用事业及工程项目等因素的影响。房地产开发部门除了在Selayang和Kepong出售剩余未售出的住宅和商业物业外,部门不打算在其现有土地储备上启动任何房地产开发项目。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.92 in 26 days, total return is 28.7%

2) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.60 in 2 months, total return is 19.8%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.875 in 2 month 6 days, total return is 10.1%

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

【看懂年报和季报】课程
时间:10a.m. – 7p.m

日期:10月7日星期日
地点:Sri Petaling (KL)或Pusat Bandar Puchong

日期:10月14日星期日
地点:George Town (Penang)

日期:10月21日星期日
地点:M Hotels (Kuching)

日期:10月28日星期日
地点:Johor Bahru

有兴趣的朋友,可以电邮或PM FB page联络我
email:jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

为了方便大家查询我写过的公司和选股文章以及视频,制作了索引。大家只要依照日期,就能从这 https://klse.i3investor.com/blogs/general/170872.jsp 找到公司和选股文章以及视频。

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

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最终决定永远是你的,谢谢。

James Ng
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[ENGTEX GROUP BHD: significant number of unsold residential properties and oversupply of office spaces and shopping complexes in Malaysia, volatility in the international and domestic metal prices, not intend to launch any property development projects]

The decrease in profit before taxation was mainly due to the increased raw material costs for certain manufactured steel products and the operating costs for its completed property development projects in Kepong and Selayang. The profit before taxation in preceding year corresponding period included a gain on disposal of two pieces of vacant industrial lands totaling approximately RM8.4 million.

The higher procurement of raw materials and trading inventories in light of volatility in international and local metal prices and increased working capital requirement have resulted in the increase in total bank borrowings from RM548.1 million as at 31 December 2017 to RM626.8 million as at 30 June 2018 and reduction in the cash and cash equivalents decreased from RM111.8 million as at 31 December 2017 to RM93.6 million as at 30 June 2018. This has contributed to the increase in net gearing from 0.63 times as at 31 December 2017 to 0.75 times as at 30 June 2018 but the Group’s financial position is at manageable level.

Wholesale and distribution division:
The division recorded a segment profit and profit before tax of RM28.4 million and RM18.2 million respectively representing a decrease of 10.3% and 7.2% respectively as compared to 2017. The increase in revenue was mainly attributed to the strong market demand for certain metal related trading products whilst the lower profit before taxation was mainly due to volatility in international and domestic metal prices.

Manufacturing division:
The division recorded a lower segment profit and profit before tax of RM22.8 million and RM10.9 million respectively representing a decrease of 38.3% and 59.2% respectively as compared to 2017. The operating profit before tax in 2018 of RM10.9 million was lower as compared to RM19.8 million (excluding the gain on disposal of a piece of vacant industrial land of approximately RM7.1 million) in 2017 mainly due to the increase in raw material costs.

Property development division:
The division recorded a loss before tax of RM2.2 million mainly due to escalated construction and operating costs for its completed property development projects in Kepong and Selayang.

Hospitality division:
The division recorded a combined loss before tax of RM3.3 million mainly attributable to the finance cost and depreciation incurred totaling RM2.9 million during the current period.

The decrease in revenue and profit before tax as compared to preceding quarter ended 31 March 2018 was mainly due to the declining market demand for certain manufactured steel products in tandem with the volatility in international and domestic metal prices, and the stagnated demand for unsold property units in all completed property development projects.

Prospects:
The Malaysian economy expanded at a slower pace of 4.5% in the second quarter of 2018 (1Q 2018: 5.4%). On the demand side, growth was dampened by lower public investment and net export growth. In the residential and non-residential sub-sectors, growth continued to decline partly reflected the significant number of unsold residential properties and oversupply of office spaces and shopping complexes. Growth in the Asian region is expected to slow in the second half of the year as the global trade cycle normalises.

The performance of the Group in the current year will remain challenging and will be affected by factors such as the domestic demand, global economic environment, the volatility in the international and domestic metal prices, and the timely implementation of projects in the construction, utilities and infrastructure and property development sectors. The property division does not intend to launch any property development projects on its existing land bank other than selling its remaining unsold residential and commercial properties in Selayang and Kepong.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.92 in 26 days, total return is 28.7%

2) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.60 in 2 months, total return is 19.8%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.875 in 2 month 6 days, total return is 10.1%

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 https://web.facebook.com/jamesshareinvest/

In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://klse.i3investor.com/blogs/general/170872.jsp by date.

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

If you want to join my WhatsApp group (there will be no James Ng's stock pick inside), please PM or email me your handphone number.

Final decision is always yours, thank you.

James Ng

https://www.facebook.com/jamesshareinvest/posts/2113714422228634