[VS (6963) 威城 V.S INDUSTRY BHD：主要客户的销售订单减少] - James的股票投资James Share Investing
自2020年1月以来爆发的COVID-19疫情现在已成为大流行病，进一步给本地和全球带来了很大的冲击，影响全球贸易活动和人员流动的市场。此外，政府于2020年3月18日至2020年4月1日（随后延至2020年4月14日）实施的Movement Control Order (“MCO”)也可能对集团的运营产生进一步影响。
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 RM1.67 (dividend RM0.04) in 1 year 7 months 15 days, total return is 139.2%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.49 (dividend RM0.04) in 1 year 8 months 26 days, total return is 92.5%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.57 (adjusted)(dividend RM0.055) in 9 months 25 days, total return is 57.2%
d) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.88 (dividend RM0.148) in 1 Year 5 months 20 days, total return is 27.5%
e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.73 in 1 year 2 months 7 days, total return is 27%
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[V.S INDUSTRY BHD: lower sales orders from key customers]
For this quarter, profit before tax decreased 11.9% or RM5.9 million to RM43.5 million over the same period. For 6 months period, profit before tax stood at RM107.2 million, increased by 13.1% or RM12.5 million over the same period. The improved earnings for the cumulative quarters was mainly attributable to much smaller losses from the operations in China following restructuring and streamlining of operations by adopting an asset-light and lower-cost model.
For the current quarter and cumulative quarters, Malaysia segment recorded a 19.4% and 9.6% decrease in revenue respectively due to lower sales orders from key customers. In tandem with the decrease in revenue, profit before tax dropped by 8.4% and 4.8% respectively over the same period.
Despite achieving higher revenue, Indonesia segment recorded loss before tax of RM1.5 million for the quarter under review as compared to profit before tax of RM0.3 million in the preceding year corresponding quarter mainly due to less favourable foreign exchange rate.
Losses narrowed significantly for the cumulative quarters due to lower operating expenses incurred following streamlining activities and adopting an asset-light model with lower gearing structure.
For the current quarter under review, the Group recorded a lower profit before tax of RM43.5 million as compared to RM63.7 million in the preceding quarter, in line with the decline in revenue as a result of lower sales orders from key customers.
The COVID-19 outbreak since January 2020, which has now turned pandemic, has further put much dampener on both local and global markets affecting trade activities and movement of people worldwide. In addition, the Movement Control Order (“MCO”) implemented by the Government that is in place from 18 March 2020 to 1 April 2020 (subsequently extended to 14 April 2020) is also expected to have further impact on the operations of the Group.
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the forecasted growth of a company must > 14% per year
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