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 [KOSSAN RUBBER INDUSTRIES BHD:价格的上涨已在2020年6月开始体现出来,他们肯定会看到第三季度(尤其是第4季度)的平均销售价格环比大幅增长]

YTD20 vs YTD19:
在截至2020年12月31日的财政年度的上半年,高产柅品工业的收入增加了18.09%,达13.1314亿令吉,相比之下,1H19的为11.12亿令吉。 1H20的税前盈利(PBT)上升67.77%至2亿4337万令吉,而去年同期为1亿4506万令吉。年初至今的业绩有所改善,主要是由于手套和无尘室部门的业绩有所改善。

Gloves部门的收入在1H20增长了19.50%,达到11.7882亿令吉,而1H19则为9.8644亿令吉。税前盈利增长75.36%,至2.2774亿令吉,相比去年同期为1.2987亿令吉。得益于集团手套产品需求的增长,业绩得以改善,产量的增加和平均售价的提高,销量也提高了(+ 14.03%)。

Cleanroom部门在1H20的收入和PBT分别增长101.62%和763.18%至7010万令吉和1041万令吉,而1H19则为3477万令吉和121万令吉。改进的业绩主要归因于COVID-19大流行导致对该部门产品的需求增加。

2Q20 vs 2Q19:
截至2020年6月30日的第2季度,集团的营业额从2Q19的5.5053亿令吉增加27.45%至7.0168亿令吉。税前盈利(PBT)上升129.83%至1.6085亿令吉,相比去年同期为6,998万令吉。该业绩主要归因于手套和无尘室部门的改善。

Gloves部门的收入从19年第二季度的4.8945亿令吉增加28.83%至2Q20的6.3057亿令吉,而PBT则从去年同期的6191万令吉增长143.28%至1.5061亿令吉。业绩改善主要归因于与19年第2季度相比销量增加(+ 21.1%)和平均售价更高。

Cleanroom部门的收入和税前利润分别增长158.05%和1260.16%至2Q20的4,556万令吉和857万令吉,而19Q2则为1766万令吉和63万令吉。改进的业绩主要归因于COVID-19大流行导致对该部门产品的需求增加。

2Q20 vs 1Q20:
集团在20财年第2季度录得收入7.0168亿令吉,较上一季度的6.1147亿令吉增长14.75%。 PBT从20财年第一季度的8253万令吉增长94.87%至1.6084亿令吉。该业绩主要归因于手套和无尘室部门的改善。

手套部门在20财年第2季度录得收入6亿3057万令吉,较20财年1季度的5亿4825万令吉增长了15.02%。 PBT在2Q20上升95.27%至1亿5061万令吉,相比前一季为7713万令吉。业绩改善的主要原因是与20年第一季度相比,销量增加了(+ 6.0%),平均销售价格也有所提高。

Cleanroom部门的收入和税前利润分别增长85.73%和365.20%至2Q20的4,556万令吉和857万令吉,而1Q20为2453万令吉和184万令吉。改进的业绩主要归因于COVID-19大流行导致对该部门产品的需求增加。

前景:
对个人防护设备(包括橡胶手套)的需求已大大增加。马来西亚橡胶手套制造商协会(“ MARGMA”)在2020年7月的行业简报中预测,全球手套需求将在2020年增长20%,达到3300亿只(2019年:2980亿只),马来西亚预计将出口2200亿只手套,今年的价值为218亿令吉,而2019年的价值为174亿令吉。

自政府开始放松锁定措施以来,技术橡胶制品部门已恢复全面运营,并且集团预计该部门将保持盈利。防护手套的需求成倍增长,导致供需不平衡。由于手套的交货价格在交货前45至60天报价,因此价格的上涨已在2020年6月开始体现出来,他们肯定会看到第三季度(尤其是第4季度)的平均销售价格环比大幅增长。凭借约15%-20%的额外产能,管理层有信心在第三季度(尤其是在2020财年第四季度)实现季度收入和利润的进一步增长。
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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 RM3.70, dividend RM0.04, in 2 years 14 days, total return is 423.1%

b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM52.68 adjusted, dividend RM0.52, in 2 Years 1 month 25 days, total return is 338.2%

c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.56 adjusted, dividend RM0.055, in 1 Year 2 months 24 days, total return is 296.1%

d. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.99, dividend RM0.0025, in 3 months 2 days, total return is 179.6%

e. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.935, dividend RM0.015, in 10 months 6 days, total return is 113.5%

f. KKB ENGINEERING BHD, recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.59, dividend RM0.04, in 2 Years 1 month 25 days, total return is 105%

g. PERAK TRANSIT BHD, recommended on 19 Jul 20, initial price was RM0.18, rose to RM0.29, in 1 month 7 days, total return is 61.1%

h. MGB BHD, recommended on 1 March 20, initial price was RM0.565, rose to RM0.84, in 5 months 25 days , total return is 48.7%

i. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.29, in 11 months 2 days, total return is 45%

j. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.655, dividend RM0.003, in 1 Year 1 day, total return is 44.6%

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。

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

请订阅James的股票投资James Share Investing的Youtube频道:https://www.youtube.com/c/JamesShareInvesting

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

请大家来Follow James的Instagram,获取最新的资讯:jamesnginvest

免责声明:
高波动性投资产品,你的交易存在风险。过往表现不能作为将来业绩指标。内容仅作为分享,讨论以及领域的分析,而非是一种投资建议,买或卖自负。请Like和Share。最终决定永远是你的,谢谢。

James Ng
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[KOSSAN RUBBER INDUSTRIES BHD: increase in prices started to be reflected in June 2020 and they will definitely see a significant quarter-on-quarter increase in average selling prices in the 3rd quarter and especially in the 4th quarter of FY2020]

YTD20 vs YTD19:
For the 1st half of financial year ending 31 December 2020, the Group’s revenue increased by 18.09% to RM1,313.14 million as compared with RM1,112.00 million in 1H19. Profit before taxation (PBT) rose 67.77% to RM243.37 million in 1H20 as compared with RM145.06 million for the corresponding period last year. The improved year-to-date performance was mainly attributable to the improved performance in the Gloves and Cleanroom divisions.

The Gloves division’s revenue rose 19.50% to RM1,178.82 million in 1H20 as compared with RM986.44 million in 1H19. PBT rose 75.36% to RM227.74 million as compared with RM129.87 million recorded in the corresponding period last year. The improved performance was achieved on the back of demand growth for the Group’s glove products, with higher volume sold (+14.03%) from increased production output and better average selling price.

The Cleanroom division grew revenue and PBT by 101.62% and 763.18% respectively to RM70.10 million and RM10.41 million in 1H20, as compared with RM34.77 million and RM1.21 million in 1H19. The improved performance was mainly attributable to the increase in the demand for the division’s products as a result of the COVID-19 pandemic.

2Q20 vs 2Q19:
For the 2nd quarter ended 30 June 2020, the Group’s revenue increased by 27.45% to RM701.68 million as compared with RM550.53 million in 2Q19. Profit before taxation (PBT) rose 129.83% to RM160.85 million as compared with RM69.98 million in the corresponding quarter last year. The performance was mainly attributable to the improvement in the Gloves and Cleanroom division.

The Gloves division’s revenue increased 28.83% to RM630.57 million in 2Q20 from RM489.45 million in 2Q19, while PBT rose 143.28% to RM150.61 million in the current quarter as compared with RM61.91 million from a year ago. The improved performance was mainly attributable to the higher volume sold (+21.1%) and better average selling price as compared with 2Q19.

The Cleanroom division grew revenue and PBT by 158.05% and 1260.16% respectively to RM45.56 million and RM8.57 million in 2Q20, as compared with RM17.66 million and RM0.63 million in 2Q19. The improved performance was mainly attributable to the increase in the demand for the division’s products as a result of the COVID-19 pandemic.

2Q20 vs 1Q20:
The Group recorded revenue of RM701.68 million in 2Q20, rising 14.75% as compared with RM 611.47 million in the immediate preceding quarter. PBT rose 94.87% to RM160.84 million from RM82.53 million in 1Q20. The performance was mainly attributable to the improvement in the Gloves and Cleanroom division.

The Gloves division recorded revenue of RM630.57 million in 2Q20, rising 15.02% from RM548.25 million in 1Q20. PBT rose 95.27% to RM150.61 million in 2Q20 as compared with RM77.13 million in the immediate preceding quarter. The improved performance was mainly attributable to the higher volume sold (+6.0%) and better average selling price as compared with 1Q20.

The Cleanroom division grew revenue and PBT by 85.73% and 365.20% respectively to RM45.56 million and RM8.57 million in 2Q20, as compared with RM24.53 million and RM1.84 million in 1Q20. The improved performance was mainly attributable to the increase in the demand for the division’s products as a result of the COVID-19 pandemic.

Prospects:
The need for personal protective equipment, including rubber gloves has increased significantly. In its July 2020 industry briefing, the Malaysian Rubber Glove Manufacturers Association (“MARGMA”) projected global glove demand to grow 20% to 330 billion pieces in 2020 (2019: 298 billion pieces), with Malaysia expected to export 220 billion pieces of gloves valued at RM21.8 billion in the current year compared with 170 billion pieces worth RM17.4 billion in 2019.

The Technical Rubber Products division has since resumed full operations after the government began easing the lockdown measures and the Group expects this division will remain profitable. The demand for protective gloves grew exponentially, leading to a supply-demand imbalance. With their selling prices for gloves quoted 45-60 days before delivery, the increase in prices started to be reflected in June 2020 and they will definitely see a significant quarter-on-quarter increase in average selling prices in the 3rd quarter and especially in the 4th quarter of FY2020. With additional capacity of around 15% - 20%, management is confident of a further step-up in revenue and profit growth on a quarter-on-quarter basis in the 3rd quarter and more significantly in the 4th quarter of FY2020.
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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/2020-08-27-story-h1512566683.jsp
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