LIIHEN (7089) 利興工業 - [LII HEN INDUSTRIES BHD:生产成本加快和员工短缺] - James的股票投资James Share Investing


 [LII HEN INDUSTRIES BHD:生产成本加快和员工短缺]

2Q18 vs 2Q17:
与去年同期(2018年:3.94,2017年:4.32)相比,令吉兑美元持续走强9%,导致销售额增长被部分抵消,虽然收入整体增长12%。

尽管销售额增加,但利兴工业的毛利率较去年同期下降到16%(去年23%)。这主要是由于令吉的加强和运营成本的加速,特别是外国工人征收的额外管理费用。

YTD18 vs YTD17:
2018年上半年,虽然集团实现销售收入增长29%,从2017年的7,300万美元增长至9,400万美元,但由于上述相同因素,利兴工业的税前利润下降44%至2,800万令吉,相比去年同期的5100万令吉。

2Q18 vs 1Q18:
与上一季度相比,本期收入略微下降2%。

前景:
最近导致贸易关税升级的美国贸易政策变化给全球经济方面带来了不确定性。虽然他们仍然继续接受客户的强劲订单,但利兴工业面临的主要挑战是在本地方面,生产成本加快和员工短缺将继续影响集团的财务表现。
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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 RM0.82 in 2 months 13 day, total return is 14.7%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.87 in 3 months 24 day, total return is 9.4%

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

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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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[LII HEN INDUSTRIES BHD: acceleration of production costs and shortages of workforce]

2Q18 vs 2Q17:
The increase in sales volume was partially offset by the continued strengthening of the Ringgit against the US Dollar by 9% compared to corresponding quarter of last year (2018: 3.94, 2017: 4.32) that resulted the overall growth in revenue of 12% in term of reporting currency.

Despite higher sales, the Group reported lower gross profit margin of 16% against 23% in the previous corresponding reporting period. This was mainly due to the strengthening of Ringgit and acceleration of operating costs especially on the additional overhead cost on the foreign workers levy.

YTD18 vs YTD17:
For the first half of 2018, though the Group achieved growth in sales revenue of 29% from USD 73 million in 2017 to USD 94 million, due to the same factors as described above, the Group’s profit before tax down 44% to RM28 million as compared to RM51 million of the same period of last year.

2Q18 vs 1Q18:
Revenue in current period recorded a marginal decrease of 2% compared to the immediate preceding quarter.

Prospects:
The recent US trade policy changes that resulted in escalating trade tariffs pose uncertainties on the global economic front. While they still continue to receive strong orders from customers, the main challenge that the Group faces is at the local front where the acceleration of production costs and shortages of workforce will continue to affect the Group’s financial performance.
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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 RM0.82 in 2 months 13 day, total return is 14.7%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.87 in 3 months 24 day, total return is 9.4%

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/179460.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/blogs/general/179787.jsp