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 [LINGKARAN TRANS KOTA HOLDINGS BHD:政府在2019年宣布冻结所有有资格在2019年增加的21条高速公路的通行费率,而政府应支付的赔偿金将根据各自的特许权协议的规定来确定]

2Q20 vs 1Q20:
环城大道在本季度录得1.312亿令吉的收入,较上一季度的1.288亿令吉高,主要是由于通过Lebuhraya Damansara Puchong公路(“ LDP”)的交通量增加而产生的通行费收入增加。

同样,环城大道在本季度录得9040万令吉的税前利润,较上一季度的8870万令吉高。集团在本季取得了6,900万令吉的税后盈利,而上一季则为6,780万令吉。

YoY:
在本年度迄今,环城大道录得的收入为2.6亿令吉,较去年同期的2.585亿令吉略高。在本季度,环城大道实现了9040万令吉的税前利润,高于去年同期的8100万令吉。这主要是由于以下原因:

(i)降低维修费用;
(ii)根据计划于2019年4月偿还债券而降低财务成本;和
(iii)本季度应占SPRINT集团较高的利润为480万令吉,而去年同期则为亏损50万令吉。自2019年1月1日起,SPRINT集团从Penchala Link – Mont Kiara Toll Plaza的预定通行费率上涨中确认了更高的收入。

环城大道在本年度迄今取得了高达1.791亿令吉的税前利润,而去年同期则为1.55亿令吉。除税前溢利增加主要由于以下原因:

(i)通行费收入增加;
(ii)降低维修费用;
(iii)根据计划于2019年4月偿还债券而降低财务成本;和
(iv)本年度迄今,SPRINT集团应占较高利润为1,000万令吉,而去年同期则录得160万令吉亏损。

前景:
尽管政府提出了提议的收购要约,但政府在2019年宣布冻结所有有资格在2019年增加的21条高速公路的通行费率,以减轻人民的生活成本负担。因此,对于环城大道而言,LDP和SPRINT Highway的Kerinchi Link和Penchala Link的通行费率将保持不变,而政府应支付的赔偿金将根据各自的特许权协议的规定来确定。

展望未来,LDP和SPRINT Highway的交通量预计将出现小幅增长。对于SPRINT高速公路的Damansara Link和Kerinchi Link,2022年这两个toll plazas的通行费率仍有最后一次上调的机会。因此,收费业务量的增长和通行费率的增长都可以预期收入的增长。如果提议的收购实现,则集团将出售其分别在LDP和SPRINT Highway的特许权拥有者Lingkaran Trans Kota Sdn Bhd和Sistem Penyuraian Trafik KL Barat Sdn Bhd的全部权益。
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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 RM2.40 (dividend RM0.025) in 1 year 4 months 29 days, total return is 239.2%

b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.26 in 11 months 21 days, total return is 119.1%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.66 (dividend RM0.04) in 1 year 6 months 9 days, total return is 113.8%

d) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.765 in 4 months 16 days, total return is 68.1%

e) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.50 in 6 months 11 days, total return is 66.7%

f) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.75 (adjusted)(dividend RM0.01) in 7 months 8 days, total return is 65.3%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.35 (dividends RM0.113) in 1 Year 3 months 3 days, total return is 54.9%

h) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.19 (dividend RM0.015) in 1 Year 25 days, total return is 50.6%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.66 (dividend RM0.105) in 1 Year 1 month 23 days, total return is 39%

j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.28 (dividend RM0.018) in 1 Year 18 days, total return is 34.5%

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。

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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
电话/Whatsapp : 011 - 15852043

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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[LINGKARAN TRANS KOTA HOLDINGS BHD: Government had in 2019 announced a freeze in toll rates for all 21 highways which were eligible for an increase in 2019, compensation payable by the Government will be determined in accordance with the provisions of the respective Concession Agreements]

2Q20 vs 1Q20:
The Group registered higher revenue of RM131.2 million in the current quarter as compared to RM128.8 million recorded in the immediate preceding quarter mainly due to the increase in toll revenue arising from higher traffic volume plying the Lebuhraya Damansara Puchong highway (“LDP”).

Similarly, the Group recorded higher profit before tax of RM90.4 million in the current quarter as compared to RM88.7 million recorded in the immediate preceding quarter mainly due to higher toll revenue. The Group achieved profit after tax of RM69.0 million in the current quarter as compared to RM67.8 million in the immediate preceding quarter.

YoY:
For the current year to date, the Group recorded slightly higher revenue of RM260.0 million as compared to RM258.5 million recorded in the preceding year corresponding period. For the current quarter, the Group achieved higher profit before tax of RM90.4 million in the current quarter as compared to RM81.0 million recorded in the preceding year corresponding quarter mainly attributable to the following:

(i) Lower maintenance expenses;
(ii) Lower finance cost pursuant to scheduled repayment of bonds in April 2019; and
(iii) Share of higher profit in SPRINT Group amounting to RM4.8 million in the current quarter as compared to share of loss of RM0.5 million recorded in the preceding year corresponding quarter. SPRINT Group recognised higher revenue from the scheduled toll rates increase for Penchala Link – Mont Kiara Toll Plaza commencing on 1 January 2019.

The Group achieved higher profit before tax of RM179.1 million in the current year to date as compared to RM155.0 million recorded in the preceding year corresponding period. The increase in profit before tax mainly attributable to the following:

(i) Higher toll revenue;
(ii) Lower maintenance expenses;
(iii) Lower finance cost pursuant to scheduled repayment of bonds in April 2019; and
(iv) Share of higher profit in SPRINT Group amounting to RM10.0 million in the current year to date as compared to share of loss of RM1.6 million recorded in the preceding year corresponding period.

Prospects:
Notwithstanding the proposed takeover offers by the Government, the Government had in 2019 announced a freeze in toll rates for all 21 highways which were eligible for an increase in 2019 in order to alleviate the burden of rising living costs of the Rakyat. Accordingly, for the Group, toll rates on LDP and SPRINT Highway’s Kerinchi Link and Penchala Link will remain unchanged and compensation payable by the Government will be determined in accordance with the provisions of the respective Concession Agreements.

Going forward, traffic volume on both LDP and SPRINT Highway are expected to see marginal growth. For SPRINT Highway’s Damansara Link and Kerinchi Link, there is still one last scheduled toll rate increase for both toll plazas in 2022. Hence, revenue growth can be expected from both tollable traffic growth and toll rates increases. Should the proposed takeover materialise, the Group will then have disposed its entire interests in both Lingkaran Trans Kota Sdn Bhd and Sistem Penyuraian Trafik KL Barat Sdn Bhd, the concession owners of LDP and SPRINT Highway respectively.
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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://klse.i3investor.com/blogs/general/2020-01-12-story-h1482125180.jsp

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