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[ECONPILE HOLDINGS BHD ECONBHD (5253) 億鋼控股:本地建筑市场疲弱,加上由于2020年3月18日的Covid-19大流行,马来西亚政府执行了《马来西亚行动控制令》(MCO),导致本季度建筑工地的工作日缩短] - James的股票投资James Share Investing

物业发展项目的打桩和地基工程带来的收入贡献继续占集团收入的主导,达2亿6700万令吉或71.7%(19财年第三季度为3亿7070万令吉或76.2%),而其余的收入则来自基础设施和其他部门的打桩和基础工程,总额达1.054亿令吉或28.3%(19财年第三季度 - 1.160亿令吉或23.8%)。

亿钢控股在截至2020年3月31日的九(9)个月财政期间录得2,900万令吉的税前利润。亿钢控股的房地产开发项目和基础设施项目的打桩部门的当期收入减少了1.037亿令吉或28.0%和1,060万令吉或9.1%,因为本地建筑市场疲弱,加上由于2020年3月18日的Covid-19大流行,马来西亚政府执行了《马来西亚行动控制令》(MCO),导致本季度建筑工地的工作日缩短。在本财政期间的其他收入中包括设备的租金收入和卖掉机械的收益,总计90万令吉,而去年同期为200万令吉。

QoQ:
在截至2020年3月31日的当前第三季度,亿钢控股的收入从截至2019年12月31日的最近一个季度的1.377亿令吉减少3,840万令吉至9,930万令吉。物业发展和地基工程的打桩,截至2020年3月31日的当前季度分别为7580万令吉和2350万令吉,而截至2019年12月31日的上一季度分别为9600万令吉和4170万令吉。与上一季度相比,本季度收入和毛利润减少,主要是由于节日假期以及自2020年3月18日以来MCO对活动的限制,导致本季度工作日缩短。

前景:
由于世界正面临着最严重的危机之一,即Covid-19大流行,马来西亚也无法幸免。由于MCO,被视为非必要服务的建筑行业陷入停顿。由于Covid-19流行病造成的经济后果的乘数效应以及整个建筑供应链的逐步重新启动影响尚不确定,因此,此类中断对他们集团的运营和财务造成了不利影响,同时更让成本削减的措施更可能实现。
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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 RM2.49 (dividend RM0.04) in 1 year 10 months 4 days, total return is 253.8%

b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM31.92 (adjusted)(dividend RM0.32) in 1 Year 11 months 15 days, total return is 165.6%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.66 (adjusted)(dividend RM0.055) in 1 Year 14 days, total return is 122.5%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.68 (dividend RM0.04) in 1 year 11 months 15 days, total return is 116.4%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.905 in 1 year 4 months 27 days, total return is 57.4%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.23 (dividend RM0.148) in 1 Year 8 months 9 days, total return is 49.6%

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。

Whatsapp : 011 - 15852043

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接,大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram,获取最新的资讯:jamesnginvest

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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[ECONPILE HOLDINGS BHD: weaker local construction market coupled with a shorter working days for the current quarter due to the implementation of the Movement Control Order ("MCO") for construction site activites by the Government of Malaysia in light of the Covid-19 pandemic on 18 March 2020]

Revenue contribution from piling and foundation works from property development projects continue to dominate the Group's revenue, amounting to RM267.0 million or 71.7% (3QFY19 - RM370.7 million or 76.2%) and the remaining revenue derived from piling and foundation works from infrastructure and other segments amounting to RM105.4 million or 28.3% (3QFY19 - RM116.0 million or 23.8%).

The Group recorded a profit before tax of RM29.0 million for the current nine (9) months financial period ended 31 March 2020. The Group recorded a decline in current period revenue from both the piling segments from property development projects and infrastructure projects of RM103.7 million or 28.0% and RM10.6 million or 9.1% respectively, as a results of a weaker local construction market coupled with a shorter working days for the current quarter due to the implementation of the Movement Control Order ("MCO") for construction site activites by the Government of Malaysia in light of the Covid-19 pandemic on 18 March 2020. Included in Other Income during the current financial period is rental income of equipments and gain from disposal of machineries amounting to RM0.9 million as compared to RM2.0 million in the preceding year corresponding period.

QoQ:
In the current third quarter ended 31 March 2020, the Group recorded a lower revenue of RM38.4 million to RM99.3 million from RM137.7 million in the most recent preceeding quarter ended 31 December 2019. The piling and foundation works from property development projects and infrastructure projects during the current quarter ended 31 March 2020, amounted to RM75.8 million and RM23.5 million respectively, as compared to RM96.0 million and RM41.7 million respectively, in the preceeding quarter ended 31 December 2019. The decrease in revenue and gross profit for the current quarter as compared to the most recent preceeding quarter is due mainly to the shorter working days in the current quarter due to festive holiday break and MCO restriction on site activities since 18 March 2020.

Prospects:
As the world faces one of the worst crisis, the Covid-19 pandemic, Malaysia is not spared. As a result of this MCO, the construction sector which is deemed nonessential services, came to a grinding halt. On the back of the uncertainty over the multiplier effect of economic consequences resulting from the Covid-19 pandemic and the gradual re-commencement effects on the whole construction supply chain, their Group's operations and financial is adversely affected by such disruptions whilst more cost-cutting measures
may be implemented.
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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/2020-06-17-story-h1508820800.jsp
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