[D&O GREEN TECHNOLOGIES BHD：全球汽车销售放缓，特别是在中国，2019年上半年乘用车和商用轻型汽车的销售同比收缩14％]
2Q19 vs 2Q18:
YTD19 vs YTD18：
2Q19 vs 1Q19：
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 RM1.80 (dividend RM0.025) in 1 year 2 months 4 days, total return is 155.2%
b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.855 in 1 month 20 days, total return is 87.9%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.38 (dividend RM0.04) in 1 year 3 months 14 days, total return is 78.6%
d) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.33 in 9 months 30 days, total return is 66.3%
e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.935 in 8 months 26 days, total return is 62.6%
f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.16 (dividends RM0.083) in 1 Year 9 days, total return is 41.1%
g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.32 (dividend RM0.018) in 9 months 22 days, total return is 38.7%
h) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.29 (dividend RM0.01) in 4 months 13 days, total return is 37.7%
i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.64 (dividend RM0.07) in 10 months 28 days, total return is 34.6%
j) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.20 (dividend RM0.22) in 1 Year 2 days, total return is 28%
k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.33 in 4 months 13 days, total return is 27.9%
l) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.35 (dividends RM0.111) in 1 Year 2 months 16 days, total return is 12.7%
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10月19日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心
12月22日星期日：AG Hotel Penang, George Town 2份点心
12月29日星期日：Hotel Sri Petaling, KL 3份点心
10a.m. – 9p.m.，免费午餐和晚餐
10月20日星期日：Silka Johor Bahru Hotel, Johor Bahru
12月21日星期六：AG Hotel Penang, George Town
12月28日星期六：Hotel Sri Petaling, KL
2p.m. – 7p.m.，免费茶和咖啡
10月18日星期五：Silka Johor Bahru Hotel, Johor Bahru 5份点心
12月20日星期五：AG Hotel Penang, George Town 2份点心
12月27日星期五：Hotel Sri Petaling, KL 3份点心
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[D&O GREEN TECHNOLOGIES BHD: slowing global car sales, notably in China where passenger car and commercial light vehicle sales contracted 14% year-on-year in the first half of 2019]
2Q19 vs 2Q18:
Despite slowing global car sales, notably in China where passenger car and commercial light vehicle sales contracted 14% year-on-year in the first half of 2019, automotive revenue rose 5.8% to RM113.1 million in the current quarter. Non-automotive and OEM sales however fell 69.7% to RM1.9 million due to global market weakness, resulting in overall Group revenue posting a 1.6% increase to RM115.0 million.
Gross profit margin declined marginally from 27.5% to 27.2% on lower capacity utilisation. Higher ESOS expense, coupled with the absence of government grant (2Q 2018: RM2.2 million) and litigation settlement gain (2Q 2018: RM3.2 million) in the current quarter resulted in pre-tax profit coming in 30.9% lower at RM8.2 million (2Q 2018: RM11.8 million). Net profit was 26.4% lower at RM6.7 million.
YTD19 vs YTD18:
Despite a softening global automotive industry, automotive revenue grew 4.3% to RM222.8 million in the first six months of 2019, implying Dominant’s market position has improved compared to a year ago. Group revenue however grew only marginally by 0.8% to RM228.1 million, weighed down by a 58.1% decline in non-automotive and OEM sales. Non-automotive and OEM sales were adversely affected by market weakness in the automotive and consumer electronic industries.
Gross profit was flat at RM62 million as gross profit margin came in slightly lower from 27.4% to 27.1% on lower capacity utilisation. Operating profit before other income/expense and finance costs fell 5.0% to RM23.1 million on higher administrative expenses, partially offset by lower R&D spending. Pre-tax profit decreased at a faster pace of 24.3% to RM16.4 million due to higher ESOS expense and the absence of government grant (1H 2018: RM2.2 million) and gain from litigation settlement (1H 2018: RM3.2 million), partially offset by RM0.6 million forex gain (1H 2018: forex loss RM1.2 million). Net profit declined 19.6% to RM13.5 million.
2Q19 vs 1Q19:
When compared to the preceding quarter, automotive revenue increased 3.1% to RM113.1 million, while non-automotive and OEM sales weakened 43.2% sequentially to 1.9 million. Pre-tax profit however declined 1.3% to RM8.2 million as a result of lower forex gain and higher inventory impairment. Net profit declined 1.1% to RM6.7 million.
Global passenger car and commercial light vehicle sales registered its first decline of 0.5% in 2018 after more than a decade of continuous growth. The pace of decline accelerated in the first half of 2019 across all major markets due mainly to weakened consumer sentiment and a slowing global economy. Notably, passenger and commercial light vehicle sales in the largest automotive market in China contracted 14% in the first six months of 2019, while those in the EU and the US fell 2-3% during the same period. Recent economic indicators suggest a quick recovery in the global automotive industry remains remote, implying a challenging environment for the remaining part of the year for industry players.
Visibility in the remaining months of the year is poor. Further downside risk has increased due to rising geopolitical tension which could potentially derail the world economy. Amidst an uncertain market outlook, management will continue to exercise prudence and strengthen its industry position. Despite the short term market weakness and uncertainty, the Group remains focused on developing innovative products for the future and expanding its product offering to capture a wider range of applications.
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 email@example.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.