F&N (3689) 星狮集团 - [FRASER & NEAVE HOLDINGS BHD:已尽快对冲本财政年度的核心商品需求及相应的外币风险,通过改造计划节省运营成本和通过流程改进提高效率] - James的股票投资James Share Investing


 [FRASER & NEAVE HOLDINGS BHD:已尽快对冲本财政年度的核心商品需求及相应的外币风险,通过改造计划节省运营成本和通过流程改进提高效率]

3Q18 vs 3Q17:
税前利润从7,350万令吉大幅提升45.6%至1.07亿令吉,而马来西亚F&B及泰国F&B的贡献均为正面贡献。

F&B Malaysia:
马来西亚F&B当前季度收入与相应季度持平,略有增长0.3%(从5.925亿令吉增至5.941亿令吉)。本季度的国内销售受到消费者支出减少和Hari Raya节日季节后减少的影响,被出口的两位数增长所抵消。

然而,F&B马来西亚营业利润从2,420万令吉大幅上升102.8%至4,910万令吉,主要由于:
(i)节省运营成本和降低管理费用(相应季度的重组成本为960万令吉);

(ii)本季度糖的有利投入成本,而相应季度其他乳制品投入和包装材料成本正在上升。

F&B泰国:
F&B Thailand的营业利润由5150万令吉增加11.4%至5,740万令吉,主要由于本季度的投入及包装材料成本有利。

YTD18 vs YTD17:
集团税前利润从去年同期的3.343亿令吉减少3.4%至3.231亿令吉,较去年同期的减少17.2%有所改善。

F&B Malaysia:
F&B马来西亚营业利润累计下降1.5%,累计三个季度至1.302亿令吉。

F&B泰国:
F&B泰国营业利润持平于1.963亿令吉,较上半年下降4.1%有所改善。改善的原因是:

(i)本季度输入和包装材料成本的改善;和
(ii)降低广告和促销费用。

3Q18 vs 2Q18:
由于马来西亚F&B的收入增加,本季度集团收入较上一季度增长1.5%至10.297亿令吉。与上一季度相比,税前利润从1亿零90万令吉增长6.1%至1.07亿令吉。

F&B Malaysia:
马来西亚F&B收入较上一季度增长2.1%至5.941亿令吉,主要是由于第三季度出口增加。由于糖的有利投入成本,F&B马来西亚营业利润增长了23.1%,达到4910万令吉。

F&B泰国:
与上一季度出口销售额增长相比,F&B泰国收入略微增长0.7%至4.354亿令吉。

前景:
星狮集团已尽快对冲本财政年度的核心商品需求及相应的外币风险。通过改造计划节省的运营成本和通过流程改进提高效率预计将继续为马来西亚未来几个季度的运营做出积极贡献。

星狮集团将继续利用创新技术提供新颖独特的产品,同时专注于满足消费者对更健康饮料选择,便利性和可负担性的不断变化的需求。董事会和管理层将继续保持警惕,并采取果断行动管理外部环境的变化,以确保其业务的可持续增长。
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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 RM0.96 in 2 months 7 day, total return is 34.3%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.92 in 3 months 18 day, total return is 15.7%

3) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.47 in 3 months 11 day, total return is 13.8%

4) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.16 (dividend RM0.0215) in 2 months 20 day, total return is 5.6%

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:11a.m. – 7p.m

日期:10月28日星期日
地点:Tropical Inn, Johor Bahru (包括茶点)

日期:11月25日星期日
地点:Hotel Sri Petaling, KL

日期:12月16日星期日
地点:Tune Hotel, George Town (Penang)

日期:12月23日星期日
地点:Kuching

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/178572.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/

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最终决定永远是你的,谢谢。

James Ng
---------------------------------
[FRASER & NEAVE HOLDINGS BHD: hedged its core commodity requirements for the financial year along with the corresponding foreign currency exposure wherever possible, operational cost savings from the transformation initiatives and efficiency through process improvement]

3Q18 vs 3Q17:
Profit before tax improved significantly by 45.6% from RM73.5 million to RM107.0 million with positive contribution from both F&B Malaysia and F&B Thailand.

F&B Malaysia:
F&B Malaysia current quarter revenue was on par with corresponding quarter, with a marginal growth of 0.3% (from RM592.5 million to RM594.1 million). Domestic sales for the quarter was affected by lower consumer spending and slower off-take post Hari Raya festive season, offset by double digit growth in exports.

F&B Malaysia operating profit, however, improved significantly by 102.8% from RM24.2 million to RM49.1 million, mainly due to:
(i) operational cost savings and lower overheads (There were restructuring costs amounting to RM9.6 million in the corresponding quarter);

(ii) favourable input cost for sugar for the quarter compared to corresponding quarter while other dairy-based input and packaging material costs are on the rise.

F&B Thailand:
Operating profit for F&B Thailand improved by 11.4% from RM51.5 million to RM57.4 million mainly due to favourable input and packaging material costs for the quarter.

YTD18 vs YTD17:
Group profit before tax declined by 3.4% from RM334.3 million to RM323.1 million, an improvement from the decline of 17.2% recorded in the first half year compared to corresponding period last year.

F&B Malaysia:
F&B Malaysia operating profit declined by 1.5% for the cumulative three quarters to RM130.2 million.

F&B Thailand:
F&B Thailand operating profit was flat at RM196.3 million, an improvement from a decline of 4.1% for the 1st half year. The improvement was contributed by:

(i) the improvement in input and packaging material costs in the current quarter; and
(ii) lower advertising and promotions spend.

3Q18 vs 2Q18:
Current quarter Group revenue grew by 1.5% to RM1,029.7 million compared to preceding quarter due to higher revenue for F&B Malaysia. Profit before tax grew by 6.1% from RM100.9 million to RM107.0 million compared to preceding quarter.

F&B Malaysia:
F&B Malaysia revenue grew by 2.1% to RM594.1 million compared to the preceding quarter mainly due to higher exports in the 3rd quarter. F&B Malaysia operating profit increased by 23.1% to RM49.1 million assisted by favourable input cost for sugar.

F&B Thailand:
F&B Thailand revenue grew marginally by 0.7% to RM435.4 million compared to the preceding quarter from higher export sales.

Prospects:
The Group has hedged its core commodity requirements for the financial year along with the corresponding foreign currency exposure wherever possible. Operational cost savings from the transformation initiatives and efficiency through process improvement are expected to continue to contribute positively to the Malaysian operations in the coming quarters.

The Group will continue to leverage on innovations to deliver new and unique product offerings while focusing on meeting consumers’ evolving needs toward healthier beverage choices, convenience and affordability. The Board and management will continue to remain vigilant and take decisive actions in managing the changes in external environment to ensure sustainable growth for their business.
------------------------------------------------
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 RM0.96 in 2 months 7 day, total return is 34.3%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.92 in 3 months 18 day, total return is 15.7%

3) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.47 in 3 months 11 day, total return is 13.8%

4) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.16 (dividend RM0.0215) in 2 months 20 day, total return is 5.6%

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.



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

Facebook Group: https://www.facebook.com/groups/jamesinvesting

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://klse.i3investor.com/m/blog/general/179139.jsp