4Q20 vs 4Q19:
YTD20 vs YTD19：
4Q20 vs 3Q20:
与此同时，自2020年3月以来，雪兰莪Telok Panglima Garang的租赁制造工厂与SCGM总部和柔佛州古来的制造工厂的合并预计将对集团的财务业绩产生积极影响，因人均产出会增加和规模经济的改善。与同时维护两个工厂相比，这也降低了他们的运营成本。
James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.60, dividend RM0.04, in 1 year 11 months 15 days, total return is 409.1%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM51.76 adjusted, dividend RM0.52, in 2 Years 26 days, total return is 330.6%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM5.55 adjusted, dividend RM0.055, in 1 Year 1 month 25 days, total return is 235.6%
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e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.735, dividend RM0.0025, in 2 months 3 days , total return is 107.7%
f. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.655, dividend RM0.003, in 11 months 2 days , total return is 44.6%
g. POWER ROOT BHD, recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.07, dividend RM0.188, in 1 Year 9 months 20 days, total return is 42%
h. JAKS RESOURCES BHD, recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.81 in 1 year 6 months 7 days, total return is 40.9%
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[SCGM BHD: The Group commissioned one new face mask making machine during the quarter under review and successfully commenced production and sales of face mask in May 2020]
4Q20 vs 4Q19:
Decrease in revenue was partly mitigated by the 17.9% increase in export sales to RM18.212 million from RM15.449 million in 4Q19, as all ports in Malaysia remained in operation and distribution lorries were allowed to travel between Malaysia and Singapore throughout the MCO period.
Despite registering a lower revenue in 4Q20, the Group’s profit before tax jumped 221.5% to RM5.869 million in the quarter under review versus RM4.831 million loss before tax in 4Q19 due to introduction and sales of a new personal protective equipment (PPE) product line, i.e. face shields, reduced resin prices, lower interest expense and higher gain on foreign exchange.
The Group’s net profit also improved significantly to RM6.863 million in 4Q20 from RM7.139 million net loss in 4Q19 due to the partial utilisation of unutilised reinvestment allowance brought forward from prior year, and partial recognition of deferred tax asset on unabsorbed reinvestment allowance previously not recognised.
YTD20 vs YTD19:
The Group achieved pre-tax profit expansion by 1041.9% to RM15.880 million from RM1.686 million loss before tax in previous year backed by an improvement in gross margin, which the Group attributed to its effort to optimise the sales mix, lower cost of resin materials and lower interest expense.
The Group’s profit after tax improved more than 4-fold to RM17.277 million from RM5.119 million net loss previously, due to the partial utilisation of unutilised reinvestment allowance brought forward from prior year, and partial recognition of deferred tax asset on unabsorbed reinvestment allowance previously not recognised.
4Q20 vs 3Q20:
Decrease in revenue was partly mitigated by the introduction and sales of a new PPE product line, i.e. face shields since February 2020. The Group has delivered RM4.2 million sales of face shields during the quarter under review. The Group recorded a 61.3% higher profit before tax of RM5.869 million in 4Q20 compared to profit before tax of RM3.638 million in 3Q20, which is attributable to improved sales mix, lower resin costs, higher gain on foreign exchange due to weakening of Ringgit Malaysia against major foreign currencies and lower interest expense. Despite the dip in revenue, the Group noted 64.1% higher net profit of RM6.863 million in 4Q20 versus a net profit of RM4.181 million in the preceding quarter, due to the partial utilisation of unutilised reinvestment allowance brought forward from prior year, and partial recognition of deferred tax asset on unabsorbed reinvestment allowance previously not recognised.
Going forward, SCGM will stay on course to serve recession-proof segments: the food and beverage (F&B) sector as its primary target, and medical personal protective equipment (PPE) as its secondary market. In the F&B segment, SCGM will further intensify its marketing efforts in the domestic and export markets to continue growing its sales of F&B packaging products which are considered “essential products”. At the same time, SCGM will continue to emphasise its production efforts on fulfilling demand for highly-customised F&B packaging.
In the PPE segment, SCGM expanded its product portfolio by adding face masks to its current range of face shields. The Group commissioned one new face mask making machine during the quarter under review and successfully commenced production and sales of face mask in May 2020.
At the same time, the consolidation of rented manufacturing plant in Telok Panglima Garang, Selangor with SCGM’s headquarters and manufacturing plant in Kulai, Johor since March 2020 is expected to impact positively on the financial performance of the Group, due to increased output per worker and improved economies of scale. This also lowers their operating costs compared to maintaining two plants simultaneously.
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