[DKSH HOLDINGS MALAYSIA BHD：收购了Auric Malaysia的贡献，2019年获得的新客户，以及市场营销和分销部门在行动控制令第一阶段的消费者需求增加]
该季度的收入与2019年第一季度相比，从15.6亿令吉增长10.3％至17.2亿令吉，而比2019年第四季度的16.1亿令吉增长7.1％。对比第四季度和前一季度有进步的主要原因是收购了Auric Malaysia的贡献，2019年获得的新客户，以及市场营销和分销部门在行动控制令第一阶段的消费者需求增加。该结果还反映了销售的稳定性以及在营销和分销部门以及物流部门中现有客户的持续有机增长。
运营支出的增长少于收入增长，这反映了所有部门的运营效率持续增长。由于Auric Malaysia业务的贡献，2019年第一季度与增长和效率改善项目相关的成本的存在，以及持续的内部增长，本季度的税前利润比2019年同期增长了100％以上；除了其他部门业务利润下降外，所有业务部门现有客户都有增长。
市场营销和分销部门：
与2019年第一季度相比，该季度的收入增长了14.1％，从7.362亿令吉增长至8.403亿令吉，比2019年第四季度的7.859亿令吉增长了6.9％。该部门收入的增长反映了Auric Malaysia业务的积极贡献，除了现有客户和2019年获得的新客户的持续有机增长，以及在行动控制令初期的消费者需求增加。
该季度的营业业绩为2240万令吉，比2019年第一季度的-40万令吉增长了100％以上，比2019年第四季度的1250万令吉增长79.6％。营业利润相对于第一季度有所改善主要是由于Auric Malaysia的贡献以及2019年第一季度增长和效率改善项目产生的非经常性费用。与之前的2019年第四季度相比有所改善是由于即将来临的节日旺季带来了成本基础的改善和销售的增长，以及自有品牌的更好的利润组合，而自有品牌的利润在Hari Raya之前有所上升。
物流部门：
与2019年第一季度相比，该季度的收入增长了7.3％，从8.106亿令吉增至8.701亿令吉，比2019年第四季度的8.031亿令吉增长了8.3％。该部门的医疗保健和电信领域的收入均实现了有机增长。
该季度的营业业绩为1490万令吉，比2019年第一季度的1270万令吉增加了16.8％，比2019年第四季度的2090万令吉减少了28.7％。与2019年第一季度相比，经营业绩有所改善，这反映了利润率得到改善和强劲的收入增长。
其他部门：
本季度的经营业绩为-940万令吉，低于2019年同一季度报告的-410万令吉。
前景：
通过Fast Moving Consumer Goods (“FMCG”)业务的改进项目以及成功收购和整合Auric Malaysia，这集团在2019年末在营销和分销部门的转型方面取得了积极进展，并且持续稳定物流及其他领域的增长。在2020年开始时，该集团已经做好了继续保持这一增长轨迹的准备。
这集团已准备了详细的业务连续性计划，并无缝制定了这些计划，以使所有基本医疗保健和快速消费的产品能够持续向市场提供服务。他们优先考虑员工和利益相关者的健康和福利，同时确保在危机应对的各个阶段中以最大允许的水平来进行日常运营。董事会将在全年继续审查当前的市场和现金状况，并在审慎的情况下考虑中期股息。尽管目前存在不确定性，但这集团对中长期的增长机会充满信心。
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James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.46, dividend RM0.04, in 2 years 2 days, total return is 389.5%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM47.64 adjusted, dividend RM0.52, in 2 Years 1 month 13 days, total return is 296.7%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM5.90 adjusted, dividend RM0.055, in 1 Year 2 months 12 days, total return is 256.6%
d. KKB ENGINEERING BHD, recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.64, dividend RM0.04, in 2 Years 1 month 13 days, total return is 111.3%
e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.67, dividend RM0.0025, in 2 months 21 days , total return is 89.4%
f. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.675, dividend RM0.015, in 9 months 25 days, total return is 55.1%
g. 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 7 days, total return is 43.9%
h. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.64, dividend RM0.003, in 11 months 20 days , total return is 41.3%
i. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.28, in 10 months 21 days , total return is 40%
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超过14％
我想说服读者学习基本面分析FA以便能从股市赚钱。
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James Ng
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[DKSH HOLDINGS MALAYSIA BHD: contribution from the acquisition of Auric Malaysia, new clients secured in 2019, and increased consumer demand during first stages of the Movement Control Order period in the Marketing and Distribution segment]
Revenues for the quarter grew by 10.3% from RM 1.56 billion to RM 1.72 billion compared with the corresponding first quarter of 2019, while improving by 7.1% from RM 1.61 billion in the preceding fourth quarter of 2019. The increase in comparison to the corresponding first quarter and preceding fourth quarter was predominantly because of the contribution from the acquisition of Auric Malaysia, new clients secured in 2019, and increased consumer demand during first stages of the Movement Control Order period in the Marketing and Distribution segment. The results also reflect stability of sales and ongoing organic growth of existing clients in both the Marketing and Distribution segment and Logistics segment.
The operating expenses increased less than the revenue growth reflecting the continued gains from operational efficiency in all segments. Profit before tax for the quarter improved by more than 100% compared to the same quarter of 2019 due to contribution of the Auric Malaysia business, the presence of costs relating to the growth and efficiency improvement project in the first quarter of 2019, and ongoing organic growth of existing clients in all segments except for lower profit in the Others segment.
Marketing and Distribution segment:
Revenues for the quarter grew by 14.1% compared to the corresponding first quarter of 2019, increasing from RM 736.2 million to RM 840.3 million, while improving by 6.9% against those of the preceding fourth quarter of 2019 which was RM 785.9 million. This segment’s improved revenue reflects the positive contribution from Auric Malaysia business, in addition to ongoing organic growth of existing clients and new clients secured in 2019, and an increase in consumer demand during early stages of the Movement Control Order period.
The operating result for the quarter was RM 22.4 million, which was more than a 100% increase on RM -0.4 million reported for the same first quarter in 2019 and by 79.6% above the preceding fourth quarter of 2019 of RM 12.5 million. The improvement in operating result against the corresponding first quarter was predominantly because of the contribution from the Auric Malaysia business and the non-recurring cost incurred for the growth and efficiency improvement project in the corresponding first quarter of 2019. The improvement compared to the preceding fourth quarter of 2019 was due to an improved cost base and improved sales due to the upcoming festive season and a better margin mix from own brands which have a seasonal uplift ahead of Hari Raya.
Logistics segment:
Revenues for the quarter grew by 7.3% compared to the corresponding first quarter of 2019, increasing from RM 810.6 million to RM 870.1 million, while improving by 8.3% against those of the preceding fourth quarter of 2019 which was RM 803.1 million. The growth in revenue was organic in both the Healthcare and Telecommunications areas of the segment.
The operating result for the quarter was RM 14.9 million, which is a 16.8% increase on the RM12.7 million reported for the corresponding first quarter of 2019, while reducing by 28.7% against those of preceding fourth quarter of 2019 which was RM 20.9 million. The improvement in operating result compared to the corresponding first quarter of 2019 reflects strong revenue growth supported by improved margin mix.
Others segment:
The operating result for the quarter of -RM 9.4 million was lower than -RM 4.1 million reported for the same first quarter in 2019.
Prospects:
The Group ended 2019 having positively progressed with the transformation of the Marketing and Distribution segment, both through the improvement project on the Fast Moving Consumer Goods (“FMCG”) business and through the successful acquisition and integration of Auric Malaysia, and there was continued steady and stable growth in the Logistics and Others segments. As 2020 began the Group was very well positioned to continue this growth trajectory.
The Group had prepared detailed Business Continuity Plans and enacted these seamlessly to enable ongoing service of all essential healthcare and FMCG products to the market. They prioritized employee and stakeholder health and welfare while ensuring ongoing operations at the maximum allowed levels during various phases of the crisis response. The board will continue to review the prevailing market and cash position throughout the year and will consider an interim dividend when it is prudent to do so. Despite current uncertainties, the Group is confident about the growth opportunities in the medium to long term.
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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 over 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/2020-08-15-story-h1512359047.jsp
