[CSC STEEL HOLDINGS BHD：本地市场销售量和高利润产品的销售组合改善，以及HRC和运营成本有利的优势]
4Q19 vs 4Q18:
尽管销量略有增加，但该集团报告本季度的总收入为3.344亿令吉，较去年同期的3.555亿令吉减少5.9％或2110万令吉。然而，该集团在本季录得870万令吉的税前盈利转亏为盈，与去年同期的450万令吉的税前亏损相比，增加了1328万令吉的盈利。强劲的业绩很大程度上得益于本地市场销售量和高利润产品的销售组合改善，以及HRC和运营成本有利的优势。
YTD19 vs YTD18：
该集团的年收入为13.63亿令吉，比2018财年低1.4％或1,930万令吉，尽管销量增长了5.5％。集团录得4,340万令吉的年度税前盈利，较去年的2,630万令吉，大幅增加65.2％或1,710万令吉。增长的主要原因是国内销售，销售结构和运营效率的改善使利润率恢复。
4Q19 vs 3Q19：
该集团的税前利润为870万令吉，低于上一季度的1270万令吉。
前景：
自2019年第四季度以来，hot-rolled coil的价格已探底并反弹，当时各个国家的钢铁生产商已开始对主要机械进行定期维护，导致供应短缺。此外，印度和中国的强劲内需推动了出口价格的上涨，这是亚洲市场价格上涨的主要驱动力。
在2019年12月中旬，2020年第一季度交付的hot-rolled coil价格已上涨至500美元/吨。由于农历新年落在2020年第一季度，通常销售疲软，然而，由于预期原材料价格上涨，尤其是对hot-rolled coil，导致下游厂商开始补充库存。
这集团将通过不断提高竞争力并为客户提供最佳支持来作出反应。这集团将密切关注农历新年后的市场形势，并相应调整经营策略，以保持产销平衡，提高利润率。除非有任何不可预见的情况，这集团对来年的盈利持谨慎乐观的态度。
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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 RM1.85 (dividend RM0.04) in 1 year 8 months 1 day, total return is 164.3%
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 9 months 12 days, total return is 92.5%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.93 (adjusted)(dividend RM0.055) in 10 months 11 days, total return is 78.7%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.935 in 1 year 2 months 24 days, total return is 62.6%
e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.03 (dividend RM0.148) in 1 Year 6 months 6 days, total return is 37%
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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7月11日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心
7月19日星期日：AG Hotel Penang, George Town 2份点心
2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐
7月4日星期六：Espira Sri Petaling, KL
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7月18日星期六：AG Hotel Penang, George Town
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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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[CSC STEEL HOLDINGS BHD: improved sales mix as a result of an increase in sales at the local market and high-margin products, as well as the advantage of favorable HRC and operational costs]
4Q19 vs 4Q18:
Despite a marginal increase in sales volume, the Group reported total revenue of RM334.4 mil for the current quarter, which was 5.9% or RM21.1 mil lower compared to RM355.5 mil in the same period last year. The Group, however, posted a turnaround in profit before tax of RM8.7 mil for the current quarter, which represented an increased profit of RM13.28 million compared to a pre-tax loss of RM4.5 mil in the same period last year. The stronger performance largely benefitted from the improved sales mix as a result of an increase in sales at the local market and high-margin products, as well as the advantage of favorable HRC and operational costs.
YTD19 vs YTD18:
The Group registered annual revenue of RM 1,363 mil, which was 1.4% or RM19.3 mil lower than that of the financial year 2018, despite a 5.5% rose in sales volume. The Group recorded an annual profit before tax of RM43.4 mil, which rose significantly by 65.2% or RM17.1 mil compared to RM26.3 mil in the previous year. The increase was mainly contributed by improved domestic sales and recovery in the margin due to improved sales mix and operational efficiency.
4Q19 vs 3Q19:
The Group registered a lower profit before tax of RM8.7 million compared to RM12.7 million in the preceding quarter.
Prospects:
The price for hot-rolled coil has bottomed out and rebounded since the fourth quarter of 2019, where the steel producers in various countries have begun to carry out the scheduled maintenance for the main machinery, resulting in short supply. Furthermore, strong domestic demand in both India and China have pushed for higher prices of export which acted as a major driver of rising prices in Asian markets.
In mid-December 2019, the hot-rolled coil price for delivery in the first quarter of 2020 had moved up to USD500/MT. As the Chinese New Year (CNY) falls in the first quarter of 2020, which is typically sluggish in sales, however, the sales of the Group is expected to pick up strongly this time due to the anticipation of rising raw material prices, particularly for hot-rolled coil, resulting the downstream players start to replenish their inventory.
The Group will react by continuously improving its competitiveness and providing customers with the best support. The Group will closely observe the market situation after CNY and adjust its business strategy accordingly to maintain a balance in production and sales for better profit margin. Barring any unforeseen circumstances, the Group is cautiously optimistic in achieving profitability for the coming 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
