[CAHYA MATA SARAWAK BHD：将继续从其道路特许权获得稳定的经常性收入，目前该道路特许权涉及维护约3,343公里的国路；房地产开发部在2020年的主要重点将是Bandar Samariang镇，该部门计划推出约500套单层排屋]
YTD19 vs YTD18:
4Q19 vs 4Q18：
4Q19 vs 3Q19:
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[CAHYA MATA SARAWAK BHD: continue to derive stable recurring income from its road concession that currently involves the maintenance of approximately 3,343 km of State roads; the Property Development Division’s main focus in 2020 will be Bandar Samariang township where the Division plans to launch approximately 500 units of single storey terrace house]
YTD19 vs YTD18:
The Group reported a total revenue of RM1.74 billion for YE2019, an increase of 2% in comparison to the preceding year’s revenue of RM1.71 billion. All the Divisions except for the Construction Materials & Trading Division reported lower results. PBT excluding associates & joint ventures amounted to RM192.71 million, which was RM74.82 million or 28% lower than YE2018’s PBT of RM267.53 million.
Cement Division - reported a 19% lower PBT of RM73.11 million in YE2019 over YE2018’s PBT of RM90.14 million, despite 8% higher revenue. Sales volumes of cement and concrete products were higher than last year.
Construction Materials & Trading Division - reported a strong PBT of RM92.70 million, an increase of 30% in comparison to YE2018’s PBT of RM71.29 million. The higher PBT was attributable to 7% higher revenue and a reversal of provision of RM14.83 million. Even without the reversal of provision, the Division’s PBT for YE2019 of RM77.87 million would have been 9% stronger than YE2018.
Construction & Road Maintenance Division - reported a lower PBT of RM42.26 million in YE2019, which was 53% lower than YE2018’s profit of RM90.38 million (excluding share of results of joint ventures).
Property Development Division - reported a lower PBT of RM20.06 million in YE2019 in comparison to a PBT of RM33.59 million in YE2018, representing a decrease of 40% despite 3% higher revenue. The profit recognition of a land sales and higher rental income from unsold properties had narrowed the gap in the lower profit.
4Q19 vs 4Q18:
The Group’s PBT for 4Q19 was lower than 4Q18.
4Q19 vs 3Q19:
The Group’s PBT for the current quarter was 80% lower than the immediate preceding quarter. Except for the Construction Materials & Trading Division, all the other Divisions’ performances for 4Q19 were lower than 3Q19. The Cement Division’s PBT was reduced to RM7.60 million in 4Q19 from RM33.85 million in 3Q19 mainly due to higher maintenance cost for clinker plant shutdown in October 2019, lower sales volume particularly in December 2019 (wet weather) and lower production volume.
The Construction Materials & Trading Division’s higher PBT in 4Q19 was contributed by the quarry operations and a reversal of provision amounting to RM5.83 million. The Construction & Road Maintenance Division reported a loss of RM10.49 million in the current quarter. The Property Division reported a loss of RM6.29 million as compared to a PBT of RM5.40 million in 3Q19.
They remain focused on growing their portfolio of businesses by taking advantage of the opportunities in Sarawak especially in the area of energy intensive businesses. With their increasingly strong business fundamentals, coupled with other measures taken by Management including steps taken to position the Group for long term sustainable revenue and profitability growth, they are confident to deliver a satisfactory financial performance for the year 2020.
Going forward, the Cement Division will place emphasis on the maintenance on the clinker plant for the next two years in order to prolong the lifespan. The Construction Materials & Trading Division’s performance is expected to maintain strong in year 2020. Management expects the huge shortage of crushed aggregates to continue which will auger well for the Group’s quarry sector. Management also expects the premix sector to remain busy in the southern region of Sarawak but the northern region to continue to face stiff competition. The Trading sector is expected to maintain its revenue from the term contracts with JKR.
The Construction & Road Maintenance Division is making every effort to bolster its competitive edge as it bids for new projects related to Sarawak’s costal road network and the second trunk road projects. The Division will also preserve to stay competitive in procuring new projects in the construction of roads, buildings, drainage, water, power transmission lines and telecommunication line projects in Sarawak. The Division will continue to derive stable recurring income from its road concession that currently involves the maintenance of approximately 3,343 km of State roads.
The Property Development Division’s main focus in 2020 will be Bandar Samariang township where the Division plans to launch approximately 500 units of single storey terrace house. With the recent reductions in overnight pricing rate by Bank Negara Malaysia, Management expects prospective buyers to have better chances to get their loans approved.
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