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 [VS (6963) 威城 V.S INDUSTRY BHD:由于行动控制令(“ MCO” )(由政府从2020年3月18日起开始),再加上在印尼蒙受的损失,导致威铖蒙受2690万令吉的税前亏损] - James的股票投资James Share Investing

在本季度的回顾中,威铖的营业额为5.057亿令吉,比去年同期减少3亿8260万令吉,主要是由于行动控制令(“ MCO” ),由政府从2020年3月18日起开始。再加上在印尼蒙受的损失,导致威铖蒙受2690万令吉的税前亏损,而上一财政年度相应的季度的税前盈利为3820万令吉。

截至2020年4月30日的9个月期间,威铖录得收入23.606亿令吉,较上年同期的29.402亿令吉减少了5.796亿令吉或19.7%。税前盈利为8030万令吉,同期减少5270万令吉或39.6%。

马来西亚部门:
在本季度和累计季度中,马来西亚部门的收入分别下降了51.3%和22.2%,这是由于MCO之后工厂暂时关闭所致。同时,尽管在此期间停止了生产,但固定资产的运营成本(如折旧,员工和生产工人的薪水以及融资成本)继续产生。随着临时停产期间收入大幅减少,不足以支付固定的间接费用和融资成本。因此,本季度的税前亏损为1,970万令吉,而累积季度的税前利润则下降了43.7%。

印尼区:
尽管取得更高的收入,但印尼部门在本季度录得450万令吉的税前亏损,而去年同期为30万令吉的税前利润,主要是由于不利的销售组合和库存冲销了300万令吉。在累计季度中,印度尼西亚市场继续遭受亏损,这主要是由于产能利用率不足和注销的库存所致。

中国部门:
由于完成的销售订单减少,本季度和累计季度的中国业务收入下降。此外,考虑到该运营仅在2020年2月17日恢复,而不是农历新年假期后,因中国政府与新型冠状病毒(“ Covid-19”)大流行作斗争而采取封锁措施,这季度的营业额进一步受到影响。

QoQ:
在本季度的回顾中,威铖的税前亏损为2690万令吉,而上一季度的税前利润则为4350万令吉,这主要是由于实施MCO后工厂暂时关闭所致。

前景:
在当前财政年度,经营环境非常困难。在全球经济不断减速,美中贸易紧张局势持续带来的不确定性困扰的同时,前所未有的挑战使世界陷入混乱,由Covid-19大流行引起。

遵守我国政府为打击病毒传播而实施的MCO,该集团在马来西亚的生产从2020年3月18日起停止。随着业务的恢复,威铖预计将在下个季度恢复盈利。然而,毫无疑问,局势仍然充满挑战。由于全球消费者支出受到Covid-19大流行所造成的经济损失的影响以及由此产生的严格的行动控制措施的影响,预计本财政年度来自客户的总订单流量将低于上一年度。目前,订单流的可见性也比以前更短。

同时,由于对国际旅行的限制,与潜在客户的讨论继续受到阻碍。只有取消国际旅行限制后,才能取得有意义的进展。综上所述,考虑到上述因素并考虑到目前的表现,尽管威铖的长期前景未变,但威铖本年度的整体业绩预计将低于上一年。
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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 RM2.50 (dividend RM0.04) in 1 year 10 months 11 days, total return is 255.2%

b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM31.20 (adjusted)(dividend RM0.32) in 1 Year 11 months 22 days, total return is 159.6%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.87 (adjusted)(dividend RM0.055) in 1 Year 21 days, total return is 135%

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 22 days, total return is 116.4%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.885 in 1 year 5 months 3 days, total return is 53.9%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.25 (dividend RM0.188) in 1 Year 8 months 16 days, total return is 53.3%

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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[V.S INDUSTRY BHD: due to temporary closure of factories following the Movement Control Order (“MCO”) imposed by the Government from 18 March 2020, coupled with losses incurred in Indonesia, had consequently resulted in the Group suffering a loss before tax of RM26.9 million]

For the current quarter under review, the Group recorded a revenue of RM505.7 million, a decrease of RM382.6 million as compared to the previous year corresponding quarter, largely due to temporary closure of factories following the Movement Control Order (“MCO”) imposed by the Government from 18 March 2020. This, coupled with losses incurred in Indonesia, had consequently resulted in the Group suffering a loss before tax of RM26.9 million as compared to a profit before tax of RM38.2 million in the previous corresponding quarter.

For the nine months period ended 30 April 2020, the Group recorded a revenue of RM2,360.6 million, a decrease of RM579.6 million or 19.7% when compared to the corresponding period of the preceding year of RM2,940.2 million. Profit before tax stood at RM80.3 million, having dropped by RM52.7 million or 39.6% over the same period.

Malaysia segment:
For the current quarter and cumulative quarters, Malaysia segment recorded a 51.3% and 22.2% decrease in revenue respectively owing to the temporary closure of factories following the MCO. Meanwhile, although production was halted during this period, fixed operating costs such as, amongst others, depreciation, staff and production workers’ salaries, as well as financing costs continued to incur. With the
substantial decrease in revenue during the temporary production halt, it was insufficient to cover the fixed overheads and financing costs. As a result, a loss before tax of RM19.7 million was incurred for the current quarter whereas profit before tax declined by 43.7%
for the cumulative quarters.

Indonesia segment:
Despite achieving higher revenue, Indonesia segment recorded a loss before tax of RM4.5 million for the quarter under review as compared to a profit before tax of RM0.3 million in the preceding year corresponding quarter, mainly due to less favourable sales mix and inventories written off that amounted to RM3.0 million. For the cumulative quarters, Indonesia segment continued to incur loss largely owing to under-utilization of production capacity and inventories written off.

China segment:
For the current quarter and cumulative quarters, China segment recorded lower revenue as a result of lower sale orders completed. In addition, turnover for the current quarter was further affected considering that operations only resumed on 17 Feb 2020 instead of immediately after the Chinese New Year holiday due to lockdown imposed by the Chinese Government to battle the Novel Coronavirus (“Covid-19”) pandemic.

QoQ:
For the current quarter under review, the Group incurred a loss before tax of RM26.9 million as compared to a profit before tax of RM43.5 million in the preceding quarter mainly due to temporary closure of factories following the MCO imposed.

Prospects:
The operating environment has been very difficult during the current financial year. Amidst a decelerating global economy plagued by uncertainties arising from the ongoing US-China trade tension, the world was thrown into chaos by the unprecedented challenges brought forth by the Covid-19 pandemic.

The Group’s production in Malaysia was halted from 18 March 2020 in adherence to the MCO imposed by our Government in combating the spread of the virus. With the resumption of operations, the Group expects to return to profitability in the coming quarter. Nevertheless, it is without doubt that the situation remains challenging and demanding. With consumer spending across the world affected by the impact of economic loss arising from the Covid-19 pandemic as well as the resultant strict movement control measures, the overall order flow from customers during the current financial year is expected to be lower than the previous year. At present, visibility of order flow is also shorter as compared to previously.

Meanwhile, the discussions with prospective customers continued to be hindered by the restriction on international travels. Meaningful progress may only be achieved as and when the international travel restriction is lifted. On balance, given the aforementioned factors and considering the performance thus far, the overall results of the Group for the current year is expected to be lower than the previous year, although the longer term prospects of the Group remain intact.
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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/2020-06-25-story-h1509590556.jsp
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