SALUTE (0183) 吉隆 - [SALUTICA BHD:原材料和其他成本的增加] - James的股票投资James Share Investing


 [SALUTICA BHD:原材料和其他成本的增加]

截至2018年6月30日止季度,这集团录得收入约4,210万令吉,较截至2017年6月30日止上一季度的约5170万令吉减少约18.6%。截至2018年6月30日止的当季度收入减少是由于蓝牙耳机的销售订单量减少所致。

截至2018年6月30日止的本季度,这集团的LBT约为RM130万,而截至2017年6月30日止的上一季度的PBT约为290万令吉,而这集团YTD18的PBT约为RM1510万,相比2017年6月30日相应的FYE是2530万令吉。相比于YTD17,YTD18的PBT低了1020万令吉,主要是由于以下因素:

1)不同的产品组合 - 与有线耳机产品相比,首次投入无线耳机产品。他们花费了大约230万令吉用于额外的人力成本(更多的人数,加班和公共假期工作),因为与有线耳机产品相比,更高的学习曲线以符合更严格的设计参数。

2)原材料成本占收入的比例增加了约4%(约1050万令吉)。

3)内部品牌FOBO的营销和研究活动约为170万令吉,并与欧洲设计合作伙伴共同开发最新一代蓝牙相关产品。

4)对2018年1月开始的雇主征收levy and insurance scheme(EIS),和2018年计划外的公众假期花了约60万令吉。

与上一季度的收入相比,这集团本季度收入减少约600万令吉,原因是一款耳机型号接近使用寿命,所以订单量较低。与上一季度相比,这也影响了本季度的利润率120万令吉。

前景:
为了抵消原材料和其他成本的增加,他们开始采用自动化流程来提高产量,减少周期时间和人力需求。
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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 RM0.845 in 2 months 21 day, total return is 18.2%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.905 in 4 months 2 day, total return is 13.8%

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。

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James Ng
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[SALUTICA BHD: increase in raw materials and other costs]

For the quarter ended 30 June 2018, the Group recorded revenue of approximately RM42.1 million, a decrease of approximately 18.6% compared to the previous quarter ended 30 June 2017 of approximately RM51.7 million. The decrease in revenue for the current quarter ended 30 June 2018 was due to the decrease in the sales order volume for the Bluetooth headsets.

For the current quarter ended 30 June 2018, the Group’s LBT was approximately RM1.3 million as compared to PBT of approximately RM2.9 million in the previous quarter ended 30 June 2017, whilst the Group’s PBT for the FYE 30 June 2018 was approximately RM15.1 million compared to RM25.3 million in the corresponding FYE 30 June 2017. The lower PBT by RM10.2 million for FYE 30 June 2018 compared to FYE 30 June 2017 was mainly due to the following:-

1) Different product mix – maiden venture into cable-less headset product (cordless) compared to corded headset product. They have spent approximately RM 2.3 million on additional manpower costs (more headcount, overtime and working on public holidays) due to higher learning curve to comply with stricter design parameter compared to corded headset product.

2) Raw materials cost percentage over revenue have increased by approximately 4% (approximately RM 10.5 million).

3) Marketing and research activities of approximately RM1.7 million for in-house brand FOBO and with a European design partner to co-develop the latest generation Bluetooth-related product.

4) Imposition of levy and insurance scheme (EIS) on employers starting in January 2018 and the unscheduled public holidays in 2018 of approximately RM 0.6 million.

The Group recorded lower revenue for the current quarter by approximately RM6.0 million as compared to the revenue in the preceding quarter because of lower order volume for one headset model approaching end of life. This has also affected the margin for the current quarter by RM1.2 million compared to the preceding quarter.

Prospects:
To off-set against increase in raw materials and other costs, they have embarked on automation processes to improve yield, cycle time and manpower requirement.
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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 RM0.845 in 2 months 21 day, total return is 18.2%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.905 in 4 months 2 day, total return is 13.8%

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/180453.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

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Final decision is always yours, thank you.

James Ng

https://klse.i3investor.com/blogs/general/181089.jsp