SPB (1783) 雪兰莪实业 - [SELANGOR PROPERTIES BERHAD:商业和办公空间以及住宅房产业普遍供过于求,预计房地产市场将保持低迷,以外币持有的海外投资将继续受到外汇波动的影响] - James的股票投资James Share Investing


 [SELANGOR PROPERTIES BERHAD:商业和办公空间以及住宅房产业普遍供过于求,预计房地产市场将保持低迷,以外币持有的海外投资将继续受到外汇波动的影响]

雪兰莪实业于二零一八年第三季度的税前利润为3,570万令吉,较Q32017增加61.7%,主要由于2017年第三季度未实现的外汇收益为290万令吉,而这季未实现的外汇收益为1,630万令吉。

与YTD2017相比,雪兰莪实业的YTD2018税前利润减少91.1%主要是由于雪兰莪实业海外投资确认的未实现外汇损失3750万令吉。

物业投资:
与去年同期相比,Q32018和YTD2018年的税前利润增长主要是由于较低的建筑维护成本和人员成本。

物业发展:
本季度和年初至今期间的亏损来自于AIRA Residence的营销成本以及分配给该部门的公司和行政成本,超出了公认的毛利润。

投资控股:
对于YTD2018,雪兰莪实业录得较高的海外投资股息收入。然而,海外投资的利息收入较低,本地单位信托存款的股息收入较低。Q32018的收益被雪兰莪实业金融资产(FVTPL)确认的公允价值亏损400万令吉所抵销。

YTD2018亏损包括外汇损失3750万令吉,因为本年度令吉兑美元和令吉兑新元汇率走强,而YTD2017录得3010万令吉的外汇收益。价值亏损了1,310万令吉于年初至今确认,而YTD2017确认的公允价值收益为360万令吉。

澳洲业务:
与2017财年第三季度相比,澳大利亚业务在Q32018实现了更高的利润,被其他收入减少相抵消。

雪兰莪实业于二零一八年第三季度的税前利润为3,570万令吉,较二零一八年第二季的税前亏损1,010万令吉有所改善,主要由于雪兰莪实业于本季度的海外投资确认的未实现外汇收益1630万令吉。

物业投资:
物业投资本季度的税前利润为710万令吉,而上一季度的税前利润为700万令吉。

物业发展:
这季度,物业发展部门的税前亏损由二零一八年第二季的390万令吉减少至Q32018的200万令吉,主要是由于出售一小块在Bukit Permata未开发土地而获利140万令吉,加上行政费用降低。

投资控股:
本季度收益1,940万令吉,而二零一八年第二季则录得500万令吉亏损。

澳洲业务:
在Q32018,它录得的利润为1,060万令吉,而二零一八年第二季则为1,200万令吉。本季度利润较低的主要原因是投资物业的租金收入减少,但被土地开发项目的收入分配增加以及财务成本降低所抵消。

前景:
虽然受国内需求推动,预计2018年马来西亚经济将增长5.4%,但由于商业和办公空间以及住宅房产业普遍供过于求,预计房地产市场将保持低迷。鉴于这种情况,前政府于2017年11月决定暂时冻结价格超过100万令吉的住宅开发项目,以缓解供过于求的局面,这项政策没有改变。随着房地产市场疲软,雪兰莪实业正加大营销力度,以推动AIRA Residence项目的单位销售。以外币持有的海外投资将继续受到外汇波动的影响。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.90 in 3 months 25 day, total return is 13.2%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.79 in 2 months 14 day, total return is 10.5%

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/

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最终决定永远是你的,谢谢。

James Ng
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[SELANGOR PROPERTIES BERHAD: property market is expected to remained subdued due to the prevalent oversupply of the commercial and office space, and the residential sub-sectors, overseas investments which are held in foreign currencies will continue to be affected by fluctuations in foreign exchange]

The Group's pre-tax profit of RM35.7 million in Q32018 increased by 61.7% compared to Q32017 mainly due to unrealised foreign exchange gain of RM16.3 million as against Q32017's unrealised foreign exchange gain of RM2.9 million.

The decrease in the Group's YTD2018 pre-tax profit by 91.1% compared to YTD2017 arose mainly from unrealised foreign exchange losses of RM37.5 million recognised for the Group's overseas investments.

Property Investment:
Higher profit before tax for Q32018 and YTD2018 were achieved as compared to last year corresponding periods were mainly due to lower building maintenance costs and staff costs.

Property Development:
The losses for the quarter and year-to-date period arose from marketing costs on AIRA Residence incurred and corporate and administrative costs allocated to this division, which exceeded the recognised gross profit.

Investment Holding:
For YTD2018, the Group recorded higher dividend income from overseas investments. However, there were lower interest income from overseas investments and lower distribution income from local unit trust placements. Gains in Q32018 was offset by a fair value loss of RM4.0 million recognised for the Group's financial assets (FVTPL).

YTD2018 loss included a foreign exchange loss of RM37.5 million as the Ringgit strengthened against USD and SGD in the current period, while a foreign exchange gain of RM30.1 million was registered in YTD2017. Fair value loss of RM13.1 million was recognised in YTD2018, compared to a fair value gain of RM3.6 million recognised in YTD 2017.

Australian Operations:
Australian operations recorded a higher profit for Q32018 compared to Q32017 in line with higher revenue, offset by lower other income.

The Group's pre-tax profit of RM35.7 million in Q32018 improved over pre-tax loss of RM10.1 million in Q22018 was mainly due to an unrealised foreign exchange gain of RM16.3 million recognised for the Group's overseas investments in the current quarter.

Property Investment:
Property investment recorded a profit before tax of RM7.1 million for the current quarter compared to a profit before tax of RM7.0 million in the immediate preceding quarter.

Property Development:
For the quarter under review, the pre-tax loss of property development division decreased from RM3.9 million in Q22018 to RM2.0 million in Q32018 was mainly due to a gain of RM1.4 million from sale of a small parcel of undeveloped land in Bukit Permata coupled with lower administrative costs.

Investment Holding:
The quarter under review recorded a gain of RM19.4 million compared to a loss of RM5.0 million in Q22018.

Australian Operations:
In Q32018, it recorded a profit of RM10.6 million as compared to RM12.0 million in the Q22018. The lower profit in the current quarter was mainly due to lower rental income from investment properties, mitigated by higher income distribution from land development projects and lower finance costs.

Prospects:
While the Malaysian economy is expected to grow at 5.4% in 2018 driven by domestic demand, the property market is expected to remained subdued due to the prevalent oversupply of the commercial and office space, and the residential sub-sectors. In view of the situation, the previous Government had decided in November 2017 to temporarily freeze residential developments priced above RM1 million with the aim of alleviating the oversupply and this policy has not changed. With the soft property market condition, the Group is increasing marketing efforts to drive sales of units in AIRA Residence project. The overseas investments which are held in foreign currencies will continue to be affected by fluctuations in foreign exchange.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.90 in 3 months 25 day, total return is 13.2%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.79 in 2 months 14 day, total return is 10.5%

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/179853.jsp