[CCK CONSOLIDATED HOLDINGS BHD：家禽部门的饲料成本和零售部门的进口产品（牛肉，羊肉，鱼等）的成本提高]
1Q20 vs 1Q19:
1Q20 vs 4Q19:
James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.47, dividend RM0.04, in 2 years, total return is 390.9%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM49.00 adjusted, dividend RM0.52, in 2 Years 1 month 11 days, total return is 307.9%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.20 adjusted, dividend RM0.055, in 1 Year 2 months 10 days, total return is 274.6%
d. KKB ENGINEERING BHD, recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.60, dividend RM0.04, in 2 Years 1 month 11 days, total return is 106.3%
e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.65, dividend RM0.0025, in 2 months 19 days , total return is 83.8%
f. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.735, dividend RM0.015, in 9 months 23 days, total return is 68.5%
g. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.29, in 10 months 19 days , total return is 45%
h. POWER ROOT BHD, recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.10, dividend RM0.188, in 1 Year 10 months 5 days, total return is 43.9%
i. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.65, dividend RM0.003, in 11 months 18 days , total return is 43.5%
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[CCK CONSOLIDATED HOLDINGS BHD: cost of feed for the poultry segment and cost of imported products (beef, lamb, fish etc) for the retail segment increased]
1Q20 vs 1Q19:
For the first quarter ended 31 March 2020, the Group recorded a revenue of RM160.963 million, representing an increase of approximately 4% over the same period last year whereby the revenue was recorded at RM155.270 million. The strengthening of the USD/MYR of approximately 2.22% in the first quarter of 2020 when compared to the same quarter in 2019, affected their gross margins. The gross margin for the first quarter of 2020 was 19.27% whereas, the gross margin for the same quarter in 2019 was 20.12%. The biggest impact was on the cost of feed for the poultry segment and cost of imported products (beef, lamb, fish etc) for the retail segment. The Group’s profit before tax increased 9% from RM9.601 million in 2019 to RM10.492 million in 2020 as a result of cost control measures across all segments.
1Q20 vs 4Q19:
Revenue for the 1st quarter of 2020 declined by 7% from RM173.332 million in the last quarter of 2019 to RM160.963 million. Their business was affected with the onset of the pandemic in the first quarter of this year. Many of their food and beverage customers (eg. Hotels, restuarants, coffee shops, school hostels etc) were closed or operated on a limited scale allowing only deliveries and take-aways. The prawn segment’s revenue declined by 12.7% this quarter when compared to the preceding quarter due to an absence of a harvesting cycle of prawns this quarter.
The Group’s gross profit margin declined from 21.37% in December 2019 to 19.27% in March 2020. The weakening of the USD/MYR by approximately 0.4% this quarter when compared to the last quarter affected the costs of imported coldstorage items like beef, lamb and fish. Feed costs increased as a result of the weak USD/MYR as well as higher cost of raw materials.
Correspondingly, the Group’s net profit before tax decreased by 18% from RM12.799 million to RM10.492 million. The absence of the earlier mentioned harvest of a prawn cycle was a contributory factory in the decline in the Group’s results. The prawn segment’s results decreased by 106% compared to the preceding quarter.
The relaxation of MCO regulations and the implementation of restrictions on social events and food and beverage outlets will have some impact on their business.
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