AXIATA (6888) 亞通 - [AXIATA GROUP BERHAD:令吉兑所有区域货币走强,导致外汇转换产生不利影响,一次性非现金减值拨备为33.799亿令吉] - James的股票投资James Share Investing


 [AXIATA GROUP BERHAD:令吉兑所有区域货币走强,导致外汇转换产生不利影响,一次性非现金减值拨备为33.799亿令吉]

Q218 vs Q217:
在季度财政期间(18年第二季度和2017年第二季度,环比),马来西亚令吉(MYR)兑所有区域货币走强,导致外汇转换对亚通的总体业绩产生不利影响。期内,集团收入及EBITDA分别下跌3.2%及10.1%至58.671亿令吉及20.432亿令吉。由于一次性非现金减值拨备为33.799亿令吉,集团PAT及PATAMI的跌幅超过100%。

地理部门:
马来西亚:息税折旧摊销前利润下降13.5%至4亿9490万令吉,主要是由于采用MFRS 15的影响。PAT由季度的3.575亿令吉减少56.1%至1.569亿令吉,主要原因是于2017年第二季度出售的联营公司的集团间收益,已在集团取消。

印度尼西亚:收入和EBITDA分别下降14.9%和13.6%至15.693亿令吉和6.111亿令吉,主要是由于不利的外汇影响。按照2017年第二季度的固定汇率计算,与去年同期相比,收入和EBITDA分别略微下降1.9%和0.5%。在此期间,PAT减少超过100%,亏损2870万令吉,相比之下,2017年第二季度的利润为3,060万令吉,主要是由于外汇损失增加。

孟加拉国:收入下降14.2%至7.772亿令吉。按照2017年第二季度的固定汇率计算,收入下降了1.7%,这主要是由于2018年设备面市模式的变化导致设备收入确认的变化; EBITDA因运营成本降低而增加18.1%。 PAT减少了超过100%,创下3760万令吉的亏损,而去年同期录得的利润为3980万令吉,主要是由于Q2’17的一次性递延税收抵免调整为1.025亿令吉。

斯里兰卡:较高的EBITDA部分被折旧费用上升所抵消,导致PAT增加6.1%至7,100万令吉。

尼泊尔:由于不利的外汇换算,收入和EBITDA分别下降7.4%和12.5%至5.546亿令吉和3.492亿令吉。由于较低的EBITDA部分抵消了外汇收益,PAT减少了10.1%至1.886亿令吉。

柬埔寨:由于外汇不利,收入下降4.7%至2.837亿令吉。 EBITDA因收入减少和运营成本上升而下降13.9%。因此,PAT下降20.8%至6520万令吉。

马来西亚(基础设施):较高的外汇收益进一步影响PAT增长超过100%至7,320万令吉,而去年同期则为3,360万令吉。

YTD18 vs YTD17:
截至2017年财政期间,马来西亚令吉(MYR)兑所有区域货币走强,导致亚通对外汇转换的不利影响。由于外汇转换影响,集团收入和EBITDA分别下降2.7%和7.9%至116.153亿令吉和40.796亿令吉。 PAT和PATAMI下跌超过100%至损失分别为34.12亿令吉和35.047亿令吉,主要是由于其在印度的一次性投资亏损为33.799亿令吉。

地理部门:
马来西亚:EBITDA下降13.7%至9.516亿令吉,主要是由于采用MFRS 15的影响。PAT下降39.9%至3.319亿令吉,而去年同期则为5.52亿令吉,主要归因于YTD'17所出售的联营公司的一次性集团间收益已在集团取消。

印度尼西亚:收入和EBITDA分别下降12.2%和9.4%至31.592亿令吉和12.141亿令吉,主要是由于不利的外汇影响。由于外汇损失增加,PAT下跌超过100%。

孟加拉国:收入下降12.9%至15.462亿令吉,主要是由于不利的外汇换算。按照YTD17的固定汇率计算,由于4G数据业务强劲,数据收入增长带来收入增长1.7%,部分被设备收入确认的变化抵消。 PAT下降54.9%至8,740万令吉,主要由于融资成本上升及一次性递延税项抵免调整较低,部分被较去年贬值减少抵销。

斯里兰卡:PAT增加了27.3%,达到1.429亿令吉,这是由于更好的收入,部分被更高的折旧费用抵消。

尼泊尔:收入下降6.0%至11.048亿令吉,主要是由于不利的外汇换算。息税折旧摊销前利润下降11.8%至6亿9180万令吉。在YTD'17的固定外汇中,EBITDA下降了1.9%。

柬埔寨:收入和EBITDA分别下降12.9%和20.5%至5.367亿令吉和2.469亿令吉,主要是由于不利的外汇换算。由于持续激烈的价格战竞争,YTD'17固定外汇,收入和EBITDA下降了2.7%和11.3%。由于EBITDA较低,虽然部分受到税收减少的影响,但PAT减少了29.9%至1.239亿令吉。

马来西亚(基础设施):PAT增加1.3%至9810万令吉,这是由于EBITDA较高,部分被本年度完成的一次性税1500万令吉抵消。

Q218 vs Q118:
PAT和PATAMI下跌超过100%至损失状态分别为33.177亿令吉和33.573亿令吉,主要是由于本季度其在印度的投资一次性损失为33.799亿令吉。

地理部门:
马来西亚:PAT下降10.3%,主要是由于本季度结束的前几年税收评估的一次性额外税费。

印度尼西亚:收入下降1.3%至15.692亿令吉,息税折旧摊销前利润增加1.3%至6.111亿令吉。尽管EBITDA贡献较高,但由于外汇损失,PAT下跌超过100%。

孟加拉国:与上一季度相比,EBITDA下降19.2%至1.475亿令吉。

斯里兰卡:由于折旧费用较高,PAT下降1.2%至7100万令吉。

尼泊尔:PAT增加了5.1%至1.886亿令吉,因为EBITDA较高和外汇收益增加,部分被折旧费用上升所抵消。

柬埔寨:PAT增长10.9%,实现利润6,520万令吉。

马来西亚(基础设施):PAT增长超过100%,创纪录的利润为7,320万令吉是由于EBITDA和外汇收益增加,相比之下,18年第一季度为2490万令吉。
-------------------------------
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 RM0.965 in 2 months 10 day, total return is 35%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.915 in 3 months 21 day, total return is 15.1%

3) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.39 in 3 months 14 day, total return is 10.1%

4) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.15 (dividend RM0.0215) in 2 months 23 day, total return is 5.3%

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

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日期:12月16日星期日
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有兴趣的朋友,可以电邮或PM FB page联络我
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James Ng
------------------------------
[AXIATA GROUP BERHAD: Malaysian Ringgit strengthened against all regional currencies leading to an adverse forex translation impact, one-off non cash impairment provision of RM3,379.9 million]

Q218 vs Q217:
During the financial period of quarter-on-quarter (Q2’18 and Q2’17, QoQ), the Malaysian Ringgit (MYR) strengthened against all regional currencies leading to an adverse forex translation impact on the Group’s headline performance. For the period, Group revenue and EBITDA decreased by 3.2% and 10.1% to RM5,867.1 million and RM2,043.2 million respectively. The Group PAT and PATAMI registered a decline of more than 100% due to the one-off non cash impairment provision of RM3,379.9 million.

Geographical Highlights:
Malaysia: EBITDA dropped by 13.5% to RM494.9 million mainly driven by the impact on the adoption of MFRS 15. PAT decreased by 56.1% to RM156.9 million from RM357.5 million quarter-on-quarter mainly attributed to a one-off intergroup gain from disposal of associates recorded in Q2’17, which was eliminated at Group.

Indonesia: Revenue and EBITDA declined by 14.9% and 13.6% to RM1,569.3 million and RM611.1 million respectively mainly due to unfavourable forex translation impact. At constant currency of Q2’17, revenue and EBITDA registered a marginal decline of 1.9% and 0.5% respectively, compared to previous year corresponding quarter. PAT decreased more than 100% for the period to record a loss of RM28.7 million compared to profit of RM30.6 million recorded in Q2’17 mainly attributable to higher forex loss.

Bangladesh: Revenue declined by 14.2% to RM777.2 million. At constant currency of Q2’17, revenue registered a decline of 1.7% mainly due to change in go-to-market model of device in 2018 that resulting in a change in revenue recognition of device; EBITDA increase 18.1% contributed from lower operating cost. PAT decreased by more than 100% to record a loss of RM37.6 million as compared to profit of RM39.8 million recorded in the preceding year corresponding quarter mainly attributed to one-off deferred tax credit adjustment of RM102.5 million in Q2’17.

Sri Lanka: Higher EBITDA partly offset by higher depreciation charges resulted in PAT increased by 6.1% to RM71.0 million.

Nepal: Revenue and EBITDA declined by 7.4% and 12.5% to RM554.6 million and RM349.2 million respectively due to unfavourable forex translation. PAT decrease by 10.1% to RM188.6 million due to lower EBITDA partly offset with forex gain.

Cambodia: Revenue registered a decrease of 4.7% to RM283.7 million due to unfavourable of forex translation. EBITDA declined 13.9% from lower revenue and higher operational cost. As a result, PAT decrease by 20.8% to RM65.2 million.

Malaysia (Infrastructure): Higher forex gain further impacted PAT to increased more than 100% to RM73.2 million as compared to RM33.6 million recorded in preceding year comparative quarter.

YTD18 vs YTD17:
For the financial period to date 2017 (“YTD’17”), the Malaysian Ringgit (MYR) strengthened against all regional currencies led to an adverse forex translation impact for the Group. Group revenue and EBITDA decreased by 2.7% and 7.9% to RM11,615.3 million and RM4,079.6 million respectively due to the forex translation impact. PAT and PATAMI declined more than 100% to a loss position of RM3,412.0 million and RM3,504.7 million respectively mainly due to one-off provision of loss on its investment in India of RM3,379.9 million.

Geographical Highlights:
Malaysia: EBITDA declined by 13.7% to RM951.6 million mainly contributed by the impact on the adoption of MFRS 15. PAT decreased 39.9% to RM331.9 million at entity level as compared to RM552.0 million in prior year mainly attributed to a one-off intergroup gain from disposal of associates recorded in YTD’17 which was eliminated at Group.

Indonesia: Revenue and EBITDA dropped 12.2% and 9.4% to RM3,159.2 million and RM1,214.1 million respectively mainly due to unfavourable forex translation impact. PAT decreased more than 100% on the back of higher forex loss.

Bangladesh: Revenue declined by 12.9% to RM1,546.2 million mainly due to unfavourable forex translation. At constant currency of YTD’17, revenue would have registered a growth of 1.7% contributed by data revenue growth on the back of strong hold in 4G data business, partly offset with change in revenue recognition of device. PAT decreased by 54.9% to RM87.4 million mainly due to higher finance cost and lower one-off deferred tax credit adjustment, partly offset with lower depreciation as compared to prior year.

Sri Lanka: PAT increased by 27.3% to RM142.9 million, contributed by better top line performance partly offset with higher depreciation charge.

Nepal: Revenue dropped 6.0% to RM1,104.8 million mainly due to unfavourable forex translation. EBITDA recorded a decline of 11.8% to RM691.8 million. At constant currency of YTD’17, EBITDA registered a decline of 1.9%.

Cambodia: Revenue and EBITDA declined by 12.9% and 20.5% to RM536.7 million and RM246.9 million respectively, mainly due to unfavourable forex translation. At YTD’17 constant currency, revenue and EBITDA registered a lower decrease of 2.7% and 11.3% due to continuing intense price war competition. As a result of lower EBITDA, though cushioned partly by lower tax, PAT decreased by 29.9% to RM123.9 million.

Malaysia (Infrastructure): PAT increased by 1.3% to RM98.1 million a result of higher EBITDA partly offset with one-off prior years’ tax of RM15.0 million concluded in current year.

Q218 vs Q118:
PAT and PATAMI declined more than 100% to a loss position of RM3,317.7 million and RM3,357.3 million respectively mainly due to the one-off provision of loss on its investment in India of RM3,379.9 million recorded in current quarter.

Geographical Highlights:
Malaysia: PAT decreased by 10.3% mainly due to one-off additional tax charges of prior years’ tax assessment concluded in current quarter.

Indonesia: Revenue decreased 1.3% to RM1,569.2 million and EBITDA increased by 1.3% to RM611.1 million. Despite higher contribution from EBITDA, PAT declined by more than 100% due to forex loss.

Bangladesh: EBITDA decreased by 19.2% to RM147.5 million compared to preceding quarter.

Sri Lanka: PAT declined by 1.2% to RM71.0 million due to higher depreciation charge.

Nepal: PAT registered an increase of 5.1% to RM188.6 million flowing from higher EBITDA and higher forex gain partly offset by higher depreciation charge.

Cambodia: PAT increased 10.9% to register a profit of RM65.2 million.

Malaysia (Infrastructure): PAT improved by more than 100% to record a profit of RM73.2 million as compared to RM24.9 million in Q1’18, flowing from higher EBITDA and forex gain.
------------------------------------------------
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 RM0.965 in 2 months 10 day, total return is 35%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.915 in 3 months 21 day, total return is 15.1%

3) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.39 in 3 months 14 day, total return is 10.1%

4) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.15 (dividend RM0.0215) in 2 months 23 day, total return is 5.3%

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/178572.jsp by date.



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