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 [MAH SING GROUP BHD:房地产开发部门本季度收入和利润下降,这主要是由于农历新年喜庆期间传统上需求疲软以及行动控制令(MCO)导致的建设进度推迟]

截至2020年3月31日的第一季,该集团的税前盈利为4,310万令吉,而营业额为3亿7110万令吉,而一年前的税前盈利为7390万令吉,营业额则为4.503亿令吉。

物业发展:
截至2020年3月31日的期间,房地产发展收入为2亿8130万令吉,上年同期为3亿5550万令吉,营业利润则为3670万令吉,而上年同期为6890万令吉。房地产开发部门本季度收入和利润下降,这主要是由于农历新年喜庆期间传统上需求疲软以及行动控制令(MCO)导致的建设进度推迟。由于2020年3月18日Covid-19大流行,MCO采取了强制性措施,买家情绪减弱,建筑工地和销售办事处关闭,这进一步影响了销售转换率和工程进度。

塑料:
塑料部门继续为集团的业绩做出积极贡献,本季度录得收入7610万令吉,而去年同期为8040万令吉。本季度的收入减少主要是由于MCO(为应对2020年3月18日的Covid-19大流行而实施的)。尽管收入减少,但营业利润还是从一年前的约330万令吉微增1.2%至本季度的334万令吉,主要是由于原材料价格下跌。

旅馆:
截至2020年3月31日的期间,酒店部门的收入为190万令吉,而去年同期为220万令吉。尽管收入有所下降,但本季度的经营亏损却从去年同期的370万令吉减少至300万令吉,这主要归因于酒店经营资产的折旧费用降低,以及这些房产账面价值的降低(上一季度的某些减值准备)。

QoQ:
马星集团的本季税前盈利为4,310万令吉,较上一季的5,830万令吉低。

前景:
由于Covid-19大流行带来的不确定性,预计市场环境在截至2020年12月31日的财政年度仍将充满挑战,并且集团已启动其业务连续性计划(BCP),该计划已整合了其数字化能力以缓解运营中断。
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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 RM2.43 (dividend RM0.04) in 1 year 9 months 17 days, total return is 245.5%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.76 (dividend RM0.04) in 1 year 10 months 26 days, total return is 126.4%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.65 (adjusted)(dividend RM0.055) in 11 months 25 days, total return is 121.9%

d) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM26.60 (adjusted)(dividend RM0.32) in 1 Year 10 months 28 days, total return is 121.7%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.61 (dividend RM0.148) in 1 Year 7 months 21 days, total return is 73.5%

f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.88 in 1 year 4 months 9 days, total return is 53%

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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[MAH SING GROUP BHD: property development segment reported lower revenue and profit in the current quarter mainly due to traditionally softer demand during the Chinese New Year festive season as well as delayed construction progress due to the Movement Control Order ("MCO")]

For the first quarter ended 31 March 2020, the Group posted profit before tax of RM43.1 million on the back of revenue of RM371.1 million as compared to RM73.9 million profit before tax and RM450.3 million revenue a year ago.

Property development:
For the period ended 31 March 2020, revenue from property development was RM281.3 million as compared to RM355.5 million a year ago while operating profit was RM36.7 million as compared to RM68.9 million a year ago. The property development segment reported lower revenue and profit in the current quarter mainly due to traditionally softer demand during the Chinese New Year festive season as well as delayed construction progress due to the Movement Control Order ("MCO"). Weaker buyer sentiment and the closures of construction sites and sales offices due to the imposition of MCO in response to Covid-19 pandemic on 18 March 2020 further weighed on sales conversion and rate of works.

Plastics:
The plastics segment continued to contribute positively to Group performance and recorded revenue of RM76.1 million in the current quarter compared to revenue of RM80.4 million in the previous year corresponding period. Lower revenue recorded in the current quarter was mainly due to the imposition of MCO in response to Covid-19 pandemic on 18 March 2020. Despite the decrease in revenue, operating profit grew slightly by 1.2% from approximately RM3.30 million a year ago to RM3.34 million in the current quarter mainly due to the drop in raw material prices.

Hotel:
For the period ended 31 March 2020, revenue from the hotel segment amounted to RM1.9 million compared to RM2.2 million a year ago. Not withstanding the lower revenue reported, the operating loss for the current quarter was lower at RM3 million as compared to RM3.7 million a year ago mainly attributable to lower depreciation charges on the hotel operating assets, in line with the lower carrying value of these assets as a result of certain impairment provisions made in the previous quarter.

QoQ:
The Group’s current quarter profit before tax of RM43.1 million was lower as compared to the immediate preceding quarter of RM58.3 million.

Prospects:
The market environment is expected to remain challenging for the financial year ending 31 December 2020 due to the uncertainties posted by Covid-19 pandemic and the Group has activated its Business Continuity Plan (BCP) which incorporated their digitisation capabilities to mitigate operational disruptions.
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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/2020-06-01-story-h1507949980.jsp

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