[MYNEWS HOLDINGS BHD：政府自2020年3月18日起实施MCO，临时关闭了选定地点的30％的门店以及仍在营业的门店的日销售量下降，对业绩造成了不利影响]
从本季度的3月18日到4月30日，大约一半时间属于MCO。 MCO的第一阶段是全面封锁，基本上没有人可以离开家。经调整MFRS 16的影响后，较高的行政费用为715万令吉，比上一季度的重述数额为622万令吉，增加了93万令吉，是因FPC的运营成本。尽管门店数量净增加了83个，但由于成本优化计划（特别是在MCO期间），销售和分销费用仅从1998万令吉增加了325万令吉，至2323万令吉。
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 RM0.052, in 2 years 1 month 3 days, total return is 410.8%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM50.58 adjusted, dividend RM0.52, in 2 Years 2 months 14 days, total return is 320.9%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.17 adjusted, dividend RM0.055, in 1 Year 3 months 13 days, total return is 272.8%
d. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.91, dividend RM0.005, in 3 months 22 days, total return is 157.7%
e. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.39, dividend RM0.01, in 7 months 13 days, total return is 145.6%
f. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.785, dividend RM0.015, in 10 months 26 days, total return is 79.8%
g. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.33, in 4 months 20 days, total return is 73.7%
h. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.30, in 11 months 22 days, total return is 50%
i. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.66, dividend RM0.003, in 1 Year 21 days, total return is 45.7%
j. UNISEM (M) BHD, recommended on 19 May 19, initial price was RM2.58, rose to RM3.60, dividend RM0.08, in 1 Year 3 months 27 days, total return is 42.6%
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[MYNEWS HOLDINGS BHD: performance was adversely affected by the temporary closure of 30% of the outlets at selected locations and decrease in daily sales at outlets that remained open, as a result of the MCO imposed by the Government effective 18 March 2020]
The revenue of RM123.49 million is RM7.18 million or 5.5% lower than the preceding year’s corresponding quarter’s restated revenue of RM130.68 million, after adjusting for the MFRS 15 impact. The gross profit of RM41.12 million is RM5.36 million or 11.5% lower while the gross profit margin of 33.3% is lower by 1.7%. The performance was adversely affected by the temporary closure of 30% of the outlets at selected locations and decrease in daily sales at outlets that remained open, as a result of the MCO imposed by the Government effective 18 March 2020.
About half the time, from 18 March to 30 April, of the current quarter fell within the period of MCO. This first phase of the MCO was a total lockdown where basically no one can leave home. The higher administration expenses at RM7.15 million, an increase of RM0.93 million as compared with the previous quarter’s restated amount at RM6.22 million after adjusting for the effect of MFRS 16, was largely due to the FPC operating costs. While there was a net increase in the number of outlets by 83, selling and distribution expenses had only increased by RM3.25 million from RM19.98 million to RM23.23 million due to costs optimization initiatives particularly during the MCO period.
The Covid-19 pandemic had been the major contributing factor to the total loss of RM3.49 million before taxation. This loss included RM2.80 million incurred by the FPC when production output was adversely affected due to fluctuation in sales. The pandemic which badly affected the travel industry had also caused the loss of RM0.30 million from the jointly controlled entity, WH Smith. Other contributing factor to the loss was bad debts of RM0.44 million written off.
Revenue for the current quarter of RM123.49 million was lower by RM17.09 million or 12.2% relative to the immediately preceding quarter of RM140.58 million. Gross profit decreased by RM8.81 million or 17.6%, with average gross profit margin of 33.3% compared to 35.5% in the preceding quarter. Loss before taxation was RM3.49 million, RM8.57 million lower than the immediately preceding quarter profit of RM5.09 million. This was primarily due to the MCO imposed by the Government to contain the spread of COVID-19 pandemic.
In view of the uncertainties in the economic landscape due to the pandemic, Mynews is taking a cautious approach in moving forward.
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
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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.