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 [YEELEE (5584) 義利 YEE LEE CORP BHD:aerosol can业务将逐步提高其销售价格,以恢复其原材料的全部成本增加,同时提高其运营效率,以保持竞争力并恢复其利润率] - James的股票投资James Share Investing

1Q19 vs 1Q18:
集团的税前利润从一年前的1,159万令吉下降29.0%至823万令吉。他们的关联公司Spritzer Bhd(“SB”)在本季度表现较好,与一年前的191万令吉相比,实现利润232万令吉。

制造部门:
该部门的税前利润从一年前的507万令吉下降8.9%至462万令吉。他们的棕榈油工厂在去年下半年通过提高棕榈油开采率(“OER”)扭亏为盈后,本季度实现了更高的利润。

交易部门:
在严峻的经济形势下,交易部门实现了0.6%的销售增长。销售增长的主要原因是饮料销售增加,特别是瓶装水(受益于当前炎热的天气),Kizz,Sunplus,Red Chef产品以及两个新的草药汤,香料和辣椒经销商,抵消了食用油销售下降的影响。

种植业部门:
尽管本季度新鲜水果串(“FFB”)的产量增加,但由于毛棕榈油价格疲软,FFB的销售价格较低,油棕种植园仍然遭受损失。沙巴拉瑙新开发的油棕种植园分阶段开始了第一次收获,但这些年轻棕榈树的产量预计很低,无法收回种植园的成本。

1Q19 vs 4Q18:
义利的税前利润由上一季度的1,287万令吉下降36.1%至本季度的823万令吉,主要是由于Campbells产品,能量饮料及aerosol cans的销售大幅下降所致;aerosol cans业务面临利润率压缩,因为原材料成本增加和竞争对手之间的价格竞争激烈。

前景:
他们的贸易部门将继续推出更多种类的产品,营销计划和活动,以推动销售增长。他们的棕榈油工厂采取的策略是进一步收紧FFB供应的质量,并修订FFB定价,以便在减少FFB供应数量的情况下实现OER,因为该工厂继续为集团的盈利能力做出贡献。他们不断努力寻找更可靠的FFB供应来优化工厂的生产,以进一步提高其盈利能力。他们的aerosol can业务将逐步提高其销售价格,以恢复其原材料的全部成本增加,同时提高其运营效率,以保持竞争力并恢复其利润率。

在沙巴拉瑙新开发的油棕种植园进行第一轮采伐的种植面积将增加。虽然这些年轻棕榈树的产量预计很低,但至少这个种植园开始产生现金流来弥补其成本。他们新开发的ego-tourism度假村也将在2019年下半年开始营业。
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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 RM1.53 (dividend RM0.015) in 11 months 23 days, total return is 116.1%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.44 (dividend RM0.04) in 1 year 1 month 4 day, total return is 86.2%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.34 in 7 months 20 days, total return is 67.5%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.48 (dividend RM0.1875) in 9 months 21 days, total return is 41.1%

e) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.41 in 2 months 3 days, total return is 35.6%

f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.26 (dividend RM0.008) in 7 months 13 days, total return is 31.4%

g) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.63 (dividend RM0.035) in 8 months 18 days, total return is 31.1%

h) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.745 in 6 months 16 days, total return is 29.6%

i) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.62 (dividends RM0.04) in 10 months 5 days, total return is 16.1%

j) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.77 (dividends RM0.063) in 9 months 28 days, total return is 15.3%

k) HUAYANG (HUA YANG BHD), recommended on 17 Feb 19, initial price was RM0.40, rose to RM0.45 in 5 months 19 days, total return is 12.5%

l) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.93 in 7 months 5 days, 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页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.,免费茶和咖啡

8月11日星期日:AG Hotel Penang, George Town 4份点心

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10月19日星期六:Silka Johor Bahru Hotel, Johor Bahru 5份点心

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10a.m. – 9p.m.,免费午餐和晚餐

8月10日星期六:AG Hotel Penang, George Town

9月7日星期六:Hotel Sri Petaling, KL

10月20日星期日:Silka Johor Bahru Hotel, Johor Bahru

3) 【公司业绩分享会】:
2p.m. – 7p.m.,免费茶和咖啡

8月9日星期五:AG Hotel Penang, George Town 4份点心

9月6日星期五:Hotel Sri Petaling, KL 3份点心

10月18日星期五:Silka Johor Bahru Hotel, Johor Bahru 5份点心

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

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:jamesnginvest

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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[YEE LEE CORP BHD: aerosol can business will progressively increase its selling price to recover the full cost increase of its raw materials while improving on its operation efficiency in order to remain competitive and to recover its profit margin]

1Q19 vs 1Q18:
The Group's profit before tax dropped by 29.0% to RM8.23 million from RM11.59 million a year ago. Their associated company, Spritzer Bhd ("SB") performed better in this quarter, contributed a profit of RM2.32 million as compared to RM1.91 million a year ago.

Manufacturing division:
The division's profit before tax dropped by 8.9% from RM5.07 million a year ago to RM4.62 million. Their palm oil mill managed to achieve higher profit in this quarter after turning around in the second half of last year through better oil extraction rate ("OER").

Trading division:
The trading division managed to achieve marginal sales growth of 0.6% on the back of tough economic conditions. The sales growth was mainly contributed from higher sales of beverages especially the bottled water benefited from the current scorching hot weather, Kizz, Sunplus, Red Chef products and two newly secured distributorships for herbal soups, spices and peppers offsetting the drop in sales of cooking oils.

Plantation division:
Despite higher production of fresh fruit bunches ("FFB") in this quarter, the oil palm plantation still incurred losses as the selling price of FFB was lower as a result of weak CPO price. The newly developed oil palm plantation in Ranau, Sabah has started their first harvest in stages but the yield for these young palm trees is expected to be very low to cover its plantation's costs.

1Q19 vs 4Q18:
The Group's profit before tax dropped by 36.1% from RM12.87 million in the preceding quarter to RM8.23 million this quarter mainly due to substantial drop in sales of Campbells' products, energy drinks and aerosol cans coupled with profit margin compression faced by the aerosol cans business as a result of intense price competition among its competitors on the back of increase in its raw material costs.

Prospects:
Their trading division will continue to launch more variety of products, marketing programmes and campaigns to drive sales growth. The strategy adopted by their palm oil mill to further tighten the quality of FFB supplies and revise the FFB pricing to commensurate with their OER achieved in the expense of quantity of FFB supplies has proven successful as the mill continued to contribute to the Group's profitability. Continuous efforts have been taken to source for more reliable FFB supplies to optimise the mill's production in order to further enhance its profitability. Their aerosol can business will progressively increase its selling price to recover the full cost increase of its raw materials while improving on its operation efficiency in order to remain competitive and to recover its profit margin.

More planted area are due for the first round of harvesting in the newly developed oil palm plantation in Ranau, Sabah. Although the yield for these young palm trees is expected to be low, at least this estate is starting to generate cash flow to cover its costs. Their newly developed ego-tourism resort will also be commencing business operation in the second half of 2019.
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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.

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://www.facebook.com/jamesshareinvest/posts/2339249126341828
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