[TH PLANTATIONS BHD：棕榈油价格正从过去几年的低位逐步回升，支持棕榈油价格回升的因素包括预计2019年产量增长较低，从而进一步缓解库存水平，以及竞争性大豆油与棕榈油价格之间的高位差]
4Q18 vs 4Q17:
这集团截至2018年12月31日止财政年度的收入下跌24.51％至5亿1930万令吉，而这集团于去年同期的税前利润为6099万令吉，但今年税前亏损为6亿7811万令吉。
种植业：
截至2018年12月31日止财政年度，种植业部门的税前亏损为4.733亿令吉，而2017财年的PBT为1.2457亿令吉。 2018年FFB产量增加3％至910,316公吨，产量增加2％至18.43公吨/公顷。OER高出2％，为19.94％，而去年为19.55％。
林业部门：
对于FY18，林业部门的LBT为1.6016亿令吉，而2017财年的利润为1,485万令吉。
4Q18 vs 3Q18：
这集团于4Q18的税前重大亏损为6.6405亿令吉，主要是由于平均实现价格下降，CPO和FFB销售量下降以及林业公允价值发生重大变化导致种植业产生亏损，使本季度增加了亏损1.343亿令吉。
种植业：
种植部门当前季度的税前亏损为4.9368亿令吉，而上一季度为457万令吉。
林业部门：
对于2018财年，林业部门的LBT为1.4088亿令吉，而上一季度的亏损为1,043万令吉，主要原因是注销的金额为312万令吉，林业公允价值发生重大变化导致本季度增加了亏损1.343亿令吉。
前景：
棕榈油价格正从过去几年的低位逐步回升。支持棕榈油价格回升的因素包括预计2019年产量增长较低，从而进一步缓解库存水平，以及竞争性大豆油与棕榈油价格之间的高位差。此外，印度最近降低了对棕榈油产品的进口关税，这将进一步推动马来西亚和印度尼西亚对棕榈油出口的需求。鉴于价格稳步回升，加上营运及财务效率改善，这集团预期2019年前景将改善。这集团亦预期，随着资产合理化，其财务状况将会改善。
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James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.27 (dividend RM0.015) in 8 months 7 days, total return is 79.7%
b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.39 in 4 months 3 day, total return is 73.8%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.29 in 9 months 16 day, total return is 62.3%
d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.36 in 3 months 25 days, total return is 40.9%
e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.77 in 2 months 28 days, total return is 33.9%
f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.40 (dividend RM0.0825) in 6 months 5 day, total return is 31.3%
g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.69 (dividends RM0.03) in 6 months 17 days, total return is 20.3%
h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.99 in 3 months 17 days, total return is 16.5%
i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.41 (dividend RM0.035) in 5 months 1 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。
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
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有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
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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/2239247806341961 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
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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
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[TH PLANTATIONS BHD: Palm oil prices are gradually recovering from the low levels seen in the past couple of years, factors that support palm oil price recovery include expected lower production growth in 2019, thus further easing inventory levels, as well as the high spread between competing soy oil with palm oil prices]
4Q18 vs 4Q17:
The Group’s revenue for the financial year ended 31 December 2018 declined by 24.51% to RM519.3 million while the Group incurred significant loss before taxation of RM678.11 million as compared to Profit before Taxation of RM60.99 million in the corresponding period in previous year.
Plantation sector:
Plantation sector incurred a loss before tax of RM473.30 million for the financial year ended 31 December 2018 compared to a PBT of RM124.57million in FY17. FFB production was higher by 3% to 910,316 mt and yield increased by 2% to 18.43 mt per hectare in 2018. OER was higher by 2% at 19.94% compared to 19.55% achieved in previous year.
Forestry sector:
For FY18, the forestry sector recorded a LBT of RM160.16 million, as compared to a profit of RM14.85 million in FY17.
4Q18 vs 3Q18:
The Group incurred a significant loss before taxation of RM664.05 million for 4Q18 mainly attributed to losses incurred in Plantation Sector which was due to lower average realised prices, lower sales volume for CPO, FFB and significant change in fair value of forestry which has resulted in a charge to profit and loss of RM134.3 million in current quarter.
Plantation sector:
The Plantation sector incurred a higher loss before tax of RM493.68 million in current quarter compared to RM4.57 million loss in preceding quarter.
Forestry sector:
For FY18, the forestry sector registered a LBT of RM140.88 million compared to RM10.43 million loss in preceding quarter mainly due to nurseries written off amounting to RM3.12 million and significant change in fair value of forestry which has resulted in a charge to profit
and loss of RM134.30 million in current quarter.
Prospects:
Palm oil prices are gradually recovering from the low levels seen in the past couple of years. Factors that support palm oil price recovery include expected lower production growth in 2019, thus further easing inventory levels, as well as the high spread between competing soy oil with palm oil prices. In addition, India has recently lowered its import duties for palm oil products, which will further boost demand for palm oil exports from Malaysia and Indonesia. Given a steady recovery in prices, coupled with improved operational and financial efficiencies, the Group expects improved prospects for 2019. The Group also anticipates that with the rationalisation of assets, it will be in a better financial position.
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James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.27 (dividend RM0.015) in 8 months 7 days, total return is 79.7%
b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.39 in 4 months 3 day, total return is 73.8%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.29 in 9 months 16 day, total return is 62.3%
d) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.36 in 3 months 25 days, total return is 40.9%
e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.77 in 2 months 28 days, total return is 33.9%
f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.40 (dividend RM0.0825) in 6 months 5 day, total return is 31.3%
g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.69 (dividends RM0.03) in 6 months 17 days, total return is 20.3%
h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.99 in 3 months 17 days, total return is 16.5%
i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.41 (dividend RM0.035) in 5 months 1 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://web.facebook.com/jamesshareinvest/posts/2239247806341961 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
https://klse.i3investor.com/blogs/general/203176.jsp
