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 [CHIN WELL HOLDINGS BHD:持续的贸易紧张局势和全球市场的不确定性导致当前财政期间的营业额下降,订单也推迟到未来;由于市场竞争激烈,这集团不得不降低其产品的售价]

在截至目前的财政期间,这集团的总收入和税前总利润分别为3亿317万令吉和1395万令吉。截至目前,这集团的总收入减少了11.2%。持续的贸易紧张局势和全球市场的不确定性导致当前财政期间的营业额下降,订单也推迟到未来。由于市场竞争激烈,这集团不得不降低其产品的售价。因此,这集团在本报告期录得较低的税前利润为1,395万令吉。

截至2019年12月31日,公司拥有人应占权益为5.7592亿令吉,相比2019年6月3日的5.7737亿令吉,因为宣布派发984万令吉的股息,抵消了当前财政期间产生的收益。

紧固件产品:
紧固件产品部在本报告季录得较低的收入1.1937亿令吉,较上年同期下降3.2%,而该部门的税前利润则减少了1,206万令吉至505万令吉。未解决的全球贸易紧张局势,长期的英国退欧不确定性,欧洲的经济下滑以及亚洲的激烈竞争都对集团在本报告季度的业绩产生了不利影响。

线材产品:
线材产品部在本季度的收入减少了32.3%,与去年同期的4185万令吉相比。在本季度,线材产品部门面临激烈的竞争,并且对中东的销售额下降。与较低的收入相一致,这季度录得税前利润为15万令吉,而前一年同期为121万令吉。

YTD:
紧固件产品部:
该部门在本财政期迄今录得总收入2.4692亿令吉,较上一财政年度减少4.3%。紧固件销售减少至5148万令吉。贸易部门产生的利润率低于紧固件的制造。加上价格竞争,导致该部门的税前利润减少了2296万令吉,至1312万令吉。

线材产品部:
线材产品部在本财政期间迄今录得收入5625万令吉和税前利润44万令吉,较去年同期分别下跌32.7%和87.3%。

QoQ:
紧固件产品:
紧固件产品部门的收入在本季度为1.1937亿令吉,而上一季度为1.2755亿令吉。因此,该部门的税前利润从上一季度的808万令吉减少至本季度的505万令吉。该部门的业绩受到持续的全球经济问题的影响,该问题导致对紧固件的需求下降。

线材产品:
线材部门在本季度录得税前利润为15万令吉,上一季度为28万令吉。

前景:
鉴于目前的全球市场状况,例如贸易紧张局势,欧洲经济下滑以及新冠病毒的爆发及其影响,预计这集团在本财政年度剩余季度的市场前景仍然充满挑战。意外的全球市场动向和政治问题将影响这集团原材料成本和利润的变化。美国政府与中国之间的贸易战在欧美造成了市场不确定性。除非有任何不可预见的情况,这集团预计本财政年度的业绩将令人满意。
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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 RM1.94 (dividend RM0.04) in 1 year 7 months 29 days, total return is 176.9%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.51 (dividend RM0.04) in 1 year 9 months 9 days, total return is 95%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.00 (adjusted)(dividend RM0.055) in 10 months 8 days, total return is 82.9%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.965 in 1 year 2 months 21 days, total return is 67.8%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.91 (dividend RM0.148) in 1 Year 6 months 3 days, total return is 29.4%

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。

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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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[CHIN WELL HOLDINGS BHD: The continuing trade tension and global market uncertainties resulted in both lower turnover for the current financial period and orders being deferred to the future; the Group had to reduce the selling price of its products as a result of stiff competition in the market]

During the current financial period to date, the Group recorded a total revenue and total profit before tax of RM303.17 million and RM13.95 million respectively. Total revenue of the Group reduced by 11.2% in the current period to date. The continuing trade tension and global market uncertainties resulted in both lower turnover for the current financial period and orders being deferred to the future. The Group had to reduce the selling price of its products as a result of stiff competition in the market. As a result, the Group recorded a lower profit before tax of RM13.95 million for the current reporting period.

The equity attributable to the owners of the Company stands at RM575.92 million as at 31.12.2019 as compared to RM577.37 million as at 30.6.2019 after the declaration of dividends amounting to RM9.84 million set off with the earnings generated in the current financial period.

Fasteners Products:
The Fasteners Products Division recorded a lower revenue of RM119.37 million in the current reporting quarter which represents a decrease of 3.2% as compared to the preceding year corresponding period while the profit before tax of the division dropped by RM12.06 million to RM5.05 million. The unresolved global trade tension, pro-long Brexit's uncertainties, the economic downturn in Europe and stiff competition in Asia had adversely affected the performance of the Group in the current reporting quarter.

Wire Products:
The Wire Products Division recorded a decrease of 32.3% in its current quarter revenue as compared to RM41.85 million in the preceding year corresponding quarter. The Wire Product Divison faced stiff competition and lower sales to the Middle East during the current quarter. In line with the lower revenue the profit before tax of RM0.15 million is recorded in the current reporting quarter as compared to RM1.21 million in the corresponding quarter in the immediate preceding year.

YTD:
Fasteners Products Division:
The division recorded a total revenue of RM246.92 million in the current financial period to date which represents a decrease of 4.3% as compared to the preceding financial year. Fasteners sales decreased to RM51.48 million. The margin derived from trading is lower than the manufacturing of fasteners. This coupled with the price competition resulted in the profit before tax of the division decreasing by RM22.96 million to RM13.12 million in the current reporting period to date.

Wire Products Division:
The Wire Products Division recorded a revenue of RM56.25 million and profit before tax of RM0.44 million in the current financial period to date which represented a drop of 32.7% and 87.3% respectively as compared to the corresponding reporting period.

QoQ:
Fasteners Products:
The revenue of the Fastener Products Divisionis RM119.37 million in the current quarter as compared to RM127.55 million in the immediate preceding quarter. As a result, profit before tax of the division decreased to RM5.05 million in the current quarter as compared to previous quarter of RM8.08 million. The performance of the division was affected by the continuing global economic issues during the reporting quarter which caused the decline in demand for fasteners.

Wire Products:
The Wire division registered a profit before tax of RM0.15 million in the current quarter as compared to RM0.28 million in the immediate preceding quarter.

Prospects:
The market outlook for the Group in the remaining quarters of the current financial year is expected to remain challenging in view of the existing global market conditions such as the trade tension, economy downturn in Europe and the outbreak of corona virus and its implications. The unexpected global market movement and political issues will impact the changes in the raw material cost and bottom line of the Group. The trade war between the US government and China had created the market uncertainties in Europe and US. Barring any unforeseen circumstances, the Group anticipates satisfactory performance in the current financial year.
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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/2020-04-13-story-h1505930114.jsp
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