[COCOALAND HOLDINGS BHD：对自有品牌软糖的需求下降，因Covid-19大流行的爆发，海外市场（尤其是中国和韩国）的进口受影响]
James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.51, dividend RM0.04, in 2 years 1 day, total return is 396.5%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM50.00 adjusted, dividend RM0.52, in 2 Years 1 month 12 days, total return is 316.1%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM5.99 adjusted, dividend RM0.055, in 1 Year 2 months 11 days, total return is 262%
d. KKB ENGINEERING BHD, recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.65, dividend RM0.04, in 2 Years 1 month 12 days, total return is 112.6%
e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.705, dividend RM0.0025, in 2 months 20 days , total return is 99.3%
f. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.72, dividend RM0.015, in 9 months 24 days, total return is 65.2%
g. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.29, in 10 months 20 days , total return is 45%
h. POWER ROOT BHD, recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.11, dividend RM0.188, in 1 Year 10 months 6 days, total return is 44.5%
i. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.65, dividend RM0.003, in 11 months 19 days , total return is 43.5%
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[COCOALAND HOLDINGS BHD: declining demand for own brand gummy from overseas market especially China and South Korea due to the outbreak of Covid-19 pandemic]
The Group registered lower revenue of RM61.0 million, a decrease of RM4.5 million or 6.9% as compared to RM65.5 million in the preceding year’s corresponding period. The declined performance was mainly attributable to declining demand for own brand gummy from overseas market especially China and South Korea due to the outbreak of Covid-19 pandemic. Pre-tax profit of RM6.5 million, 39.8% lower than RM10.8 million achieved in the corresponding period of previous year. The decrease was mainly attributable to higher factory labour overhead and higher advertising expenditure in tandem with the declining revenue.
The improving revenue was partially offset by declining demand for hard candy from overseas market. Lower pre-tax profit as compared to the same period of preceding year was mainly due to higher factory labour overhead and advertising expenditure.
Lower pre-tax profit was principally attributable to higher advertising and promotion expense incurred in tandem with lower revenue earned.
The Group recorded lower revenue of RM61.0 million for current quarter, a decrease of 13.1% from the immediate preceding quarter. The decrease was mainly attributable to lower demand for own brand gummy from overseas market due to Covid-19 pandemic and higher festive season sales recorded in immediate preceding quarter. Lower pre-tax profit of RM6.5 million for the current quarter, a decrease of 64.1% against immediate preceding quarter. The decrease was mainly due to lower revenue earned couple with higher labour and factory overhead cost incurred.
With the global outbreak of COVID-19 pandemic, economic activities in domestic and overseas markets have been adversely affected by the lockdowns. Due to the uncertain impact of the COVID-19 pandemic on the world and domestic economic environment, the Board is currently unable to ascertain the financial impact of the COVID-19 pandemic to the Group until such time that the overall impact of the
COVID-19 pandemic becomes clearer.
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the forecasted growth of a company must over 14% per year
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