[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:
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。
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。
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8月9日星期五：AG Hotel Penang, George Town 4份点心
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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.
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").
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.
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.
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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