[V.S INDUSTRY BHD：中国业务的负面贡献]
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 RM1.69 (dividend RM0.025) in 1 year 1 month 12 days, total return is 139.9%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.46 (dividend RM0.04) in 1 year 2 months 23 days, total return is 88.7%
c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.26 in 9 months 11 days, total return is 57.5%
d) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.645 in 1 month 1 day, total return is 41.8%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.31 (dividend RM0.018) in 9 months 3 days, total return is 37.6%
f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.07 (dividends RM0.083) in 11 months 17 days, total return is 35.4%
g) 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 9 days, total return is 34.6%
h) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.28 (dividend RM0.1875) in 11 months 13 days, total return is 30.6%
i) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.75 in 8 months 7 days, total return is 30.4%
j) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.11 (dividend RM0.01) in 3 months 22 days, total return is 26.9%
k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.19 in 3 months 22 days, total return is 14.4%
l) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.25 (dividends RM0.111) in 1 Year 1 month 26 days, total return is 10.1%
m) PMETAL (PRESS METAL ALUMINIUM HOLDINGS BHD), recommended on 26 Aug 18, initial price was RM4.78, rose to RM4.89 (dividends RM0.075) in 1 Year 29 days, total return is 3.9%
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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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[V.S INDUSTRY BHD: negative contributions from the operations in China]
This quarter, profit before tax increased 35.1% or RM10.7 million to RM41.0 million over the same period. For the financial year ended 31 July 2019, the Group recorded a revenue of RM3,978.4 million as compared to RM4,100.7 million recorded in the preceding year. Profit before tax stood at RM174.0 million, dropped by 1.3% or RM2.2 million over the same period.
The improved earnings for the current quarter was mainly attributable to commendable performance from operations in Malaysia which partially offset the negative contributions from the operations in China. On cumulative quarters basis, the overseas operations, particularly China, had incurred losses that further affected the Group earnings.
For the current quarter and cumulative quarters, profit before tax was up 56.0% and 31.0% respectively over the same period.
Indonesia segment recorded higher profit before tax for the quarter under review mainly due to better product sales mix. Indonesia segment recorded a lower profit before tax for the cumulative quarters in line with the lower revenue.
China segment recorded a lower revenue for the current quarter and cumulative quarters as a result of lower sales orders completed. Operations in China were loss-making for the current quarter and cumulative quarters in the absence of large sales orders which resulted in lack of economies of scale as the facilities remained under-utilized. During the financial year, results from China segment were further impacted by net loss on disposal of plant and equipment, impairment loss on plant and equipment and termination benefits to staff and employees amounting to approximately RM35.0 million.
For the current quarter under review, the Group recorded a higher profit before tax of RM41.0 million as compared to RM38.2 million in the preceding quarter, mainly attributable to higher sales orders from key customers despite the impairment loss on plant and equipment of RM22.1 million provided by the operations in China.
The Group managed to turn in a good set of results for the financial year ended 31 July 2019 despite the difficult operating environment across Malaysia, Indonesia and China where the Group operates in. The overall consumer and business sentiments remain subdued amidst the US-China trade tension and fear of potential global economic growth slowdown in the next two years. This led to uncertainties with many adopting a wait-and see attitude. With the tough environment expected to prevail, the Group is focusing its efforts to contain cost, optimize productivity and enhance value creation for its customers.
Over in China, the Group’s operations remains highly challenging. The US-China trade tension, while beneficial to Malaysia, is affecting business sentiment in China, adding further pressure to the operations there. Performance has been and continues to be impinged by rising cost while export sales to the US is declining due to the trade war. The issue of under-utilization of capacity is expected to prevail.
Despite the short-term challenges, the Board remains positive on the long-term prospects of the Group, underpinned by solid fundamentals, robust relationships with existing customers, strong execution skills, recent addition of new key customers and potential future contract wins.
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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.
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