[HAP SENG PLANTATIONS HOLDINGS BHD：由于国内油籽产量下降，马来西亚的棕榈油库存预计将下降，与目前历史上较低的季节性生产期和特别是印度的出口增加一致，这可能有助于支持不久的将来棕榈油价格上涨]
本季度毛棕榈油销量为40,230吨，较上年同期下降19％，主要原因是交货时间。 PK销量增长7％至11,445吨。本季度CPO和PK产量分别比上年同期增长7％和8％，主要原因是fresh fruit bunches [“FFB”]产量增加。本季度FFB产量较上年同期增长12％，受益于季节性产量趋势导致的FFB产量增加。总体而言，本季度税前利润[“PBT”]和税后利润[“PAT”]分别为1000万令吉和610万令吉，分别比去年同期低67％和74％。
这集团本季度的PBT为1千万令吉，而上一季度的税前亏损[“LBT”]为240万令吉，受益于CPO和PK的销售量增加以及CPO的每吨单位生产成本较低但由于CPO和PK的平均销售价格下降而有所抵消。本季度每吨CPO的生产成本较低，主要是由于CPO产量较高以及由于某些成本的时间差异导致总生产成本降低。本季度CPO和PK的销量分别比前一季度的23,279吨和6,742吨高出73％和70％，主要归因于FFB产量较上一季度高出48％。
前景：
由于国内油籽产量下降，马来西亚的棕榈油库存预计将下降，与目前历史上较低的季节性生产期和特别是印度的出口增加一致，这可能有助于支持不久的将来棕榈油价格上涨。截至2019年1月底，马来西亚棕榈油库存从2018年12月的320万吨下降6.7％至300万吨，棕榈油产量下降3.9％，出口环比增长21.2％。在2018年12月创下每吨1,794令吉的历史低位后，2019年1月平均毛棕榈油价格回升13.5％至每吨2,037令吉。
此外，马来西亚和印度尼西亚的生物柴油混合要求较高，是促进国内消费的积极发展，预计将有助于长期支持棕榈油市场。马来西亚的目标是将运输部门的混合比例从B10增加到B20，从工业柴油使用的B7增加到B10，每年可能需要约130万吨的CPO。自2018年9月起，印尼政府已将所有车辆和重型机械的B20生物柴油强制使用扩大，并计划进一步将印度尼西亚的国内生物柴油消费量提高至B30，以吸收更多的CPO。基于上文所述，这集团截至2019年12月31日止本财政年度的业绩预期优于截至2018年12月31日止财政年度。
---------------------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:
a) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.38 in 3 months 20 days, total return is 72.5%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.29 in 9 months 4 day, total return is 62.3%
c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.14 (dividend RM0.015) in 7 months 24 days, total return is 61.5%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.86 in 2 months 16 days, total return is 49.6%
e) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.41 (dividend RM0.0825) in 5 months 22 days, total return is 31.9%
f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.26 in 3 months 13 days, total return is 30.6%
g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.67 (dividends RM0.02) in 6 months 5 days, total return is 18.2%
h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 3 months 5 days, total return is 15.3%
i) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.19 in 2 months 16 days, total return is 14.4%
j) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.39 (dividend RM0.035) in 4 months 18 days, total return is 12.2%
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：4月21日星期日
地点：AG Hotel Penang, George Town (包括免费3份点心，茶和咖啡)
日期：4月28日星期日
地点：Silka Johor Bahru Hotel, Johor Bahru (包括免费点心，茶和咖啡)
日期：5月26日星期日
地点：Hotel Sri Petaling, KL (包括免费3份点心，茶和咖啡)
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://web.facebook.com/jamesshareinvest/posts/2229034960696579 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/
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
这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw
请大家来Follow James的Instagram，获取最新的资讯： https://www.instagram.com/p/Bv_A0MhAaF7
这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。
James Ng
---------------------------------------------------
[HAP SENG PLANTATIONS HOLDINGS BHD: Malaysia’s palm oil inventories are projected to decline in line with the current historically low seasonal production period and increase in exports particularly to India, due to its declining domestic oil seed production, which may help to support higher palm oil prices in the near future]
CPO sales volume for the current quarter at 40,230 tonnes was 19% lower than the preceding year corresponding quarter mainly attributable to timing of deliveries. PK sales volume was 7% higher at 11,445 tonnes. Production of CPO and PK for the current quarter were higher by 7% and 8% respectively as compared to the preceding year corresponding quarter mainly due to higher fresh fruit bunches [“FFB”] production. FFB production for the current quarter was 12% above the preceding year corresponding quarter, benefitted from higher FFB yield attributable to seasonal yield trend. Overall, profit before tax [“PBT”] and profit after tax [“PAT”] at RM10 million and RM6.1 million for the current quarter were lower than the preceding year corresponding quarter by 67% and 74% respectively.
The Group registered PBT of RM10 million for the current quarter as compared to the immediate preceding quarter’s loss before tax [“LBT”] of RM2.4 million, benefitted from higher sales volume of CPO and PK as well as lower unit production cost of CPO per tonne but offset somewhat by lower average selling price of CPO and PK. Production cost per tonne of CPO was lower in the current quarter mainly attributable to higher CPO production and lower total production costs due to timing variance of certain costs. Sales volume of CPO and PK for the current quarter were 73% and 70% above the immediate preceding quarter of 23,279 tonnes and 6,742 tonnes respectively mainly attributable to higher FFB production which was 48% above the immediate preceding quarter.
Prospects:
Malaysia’s palm oil inventories are projected to decline in line with the current historically low seasonal production period and increase in exports particularly to India, due to its declining domestic oil seed production, which may help to support higher palm oil prices in the near future. As at end January 2019, Malaysia’s palm oil inventories eased 6.7% to 3.0 million tonnes from 3.2 million tonnes in December 2018, with 3.9% decline in palm oil production and 21.2% increase in exports month-on-month. Average CPO prices recovered by 13.5% to RM2,037 per tonne in January 2019 after a record low in December 2018 of RM1,794 per tonne.
In addition, higher biodiesel blend mandates in both Malaysia and Indonesia are positive developments to boost domestic consumption and are expected to help support the palm oil market in the longer term. Malaysia is targeting to increase the blending percentage from B10 to B20 for the transportation sector, and from B7 to B10 for industrial diesel use, which could take up about 1.3 million tonnes of CPO per annum. The Indonesian government has expanded the mandatory use of B20 biodiesel for all vehicles and heavy machineries with effect from September 2018 and has plans to further boost domestic biodiesel consumption in Indonesia to B30 to absorb more CPO. Based on the foregoing, the Group results for the current financial year ending 31 December 2019 are expected to be better than the financial year ended 31 December 2018.
--------------------------------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:
a) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.38 in 3 months 20 days, total return is 72.5%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.29 in 9 months 4 day, total return is 62.3%
c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.14 (dividend RM0.015) in 7 months 24 days, total return is 61.5%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.86 in 2 months 16 days, total return is 49.6%
e) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.41 (dividend RM0.0825) in 5 months 22 days, total return is 31.9%
f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.26 in 3 months 13 days, total return is 30.6%
g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.67 (dividends RM0.02) in 6 months 5 days, total return is 18.2%
h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 3 months 5 days, total return is 15.3%
i) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.19 in 2 months 16 days, total return is 14.4%
j) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.39 (dividend RM0.035) in 4 months 18 days, total return is 12.2%
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://web.facebook.com/jamesshareinvest/posts/2229034960696579 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
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
