[PETRONAS DAGANGAN BHD：零售部门收入减少了20.463亿令吉，这主要是由于销量减少了32％，由于同时实施MCO导致需求低迷以及平均售价降低了30％]
2Q20 vs 2Q19:
YTD20 vs YTD19：
2Q20 vs 1Q20:
由于共同爆发病毒大流行和政府的MCO，该集团在第二季度经历了充满挑战的市场环境。从3月中旬到4月，这导致销售量和收入减少。 Mogas和Diesel的需求减少与GDP减少相一致。 GDP萎缩了17.1％，而第一季度增长了0.7％。消费者信心指数（CSI）仍低于100点的乐观阈值。关闭不必要的制造和建筑业务已经影响了对柴油的需求。航空燃油需求继续受到限制出行的影响。
James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.50, dividend RM0.052, in 2 years 1 month 13 days, total return is 396.8%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM52.80 adjusted, dividend RM0.52, in 2 Years 2 months 24 days, total return is 339.2%
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 3 months 23 days, total return is 256.6%
d. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.38, dividend RM0.01, in 7 months 23 days, total return is 143.9%
e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.82, dividend RM0.005, in 4 months 1 day, total return is 132.4%
f. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.35, in 4 months 30 days, total return is 84.2%
g. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.785, dividend RM0.003, in 1 Year 1 month, total return is 73.2%
h. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.74, dividend RM0.015, in 11 months 5 days, total return is 69.7%
i. PERAK TRANSIT BHD, recommended on 19 July 20, initial price was RM0.18, rose to RM0.285, dividend RM0.0025, in 2 months 6 days, total return is 59.7%
j. JAKS RESOURCES BHD, recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.83, in 1 year 8 months 5 days, total return is 44.3%
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[PETRONAS DAGANGAN BHD: Retail Segment revenue decreased by RM2,046.3 million mainly due to lower sales volume of 32% in tandem with low demand due to the implementation of MCO, as well as lower average selling prices by 30%]
2Q20 vs 2Q19:
Retail Segment revenue decreased by RM2,046.3 million mainly due to lower sales volume of 32% in tandem with low demand due to the implementation of MCO, as well as lower average selling prices by 30%. PBT for the quarter was lower by RM89.8 million mainly due to decrease in revenue from Mogas and Diesel following declining MOPS prices.
Commercial Segment recorded decrease in revenue of RM2,623.3 million due to lower average selling prices by 44% and volume by 47% respectively following lesser demand. LBT for the quarter was RM2.9 million compared to PBT of RM130.2 million mainly due to lower margins and volume from Jet A1 and Diesel.
YTD20 vs YTD19:
Retail Segment revenue decreased by RM2,280.7 million due to lower sales volume of 19% in tandem with lesser demand as well as decrease in average selling prices by 14%. LBT for the period was RM63.6 million compared to PBT of RM338.7 million, a decrease of RM402.3 million mainly due to lower revenue from Mogas and Diesel following the sharp decline in MOPS prices.
Commercial Segment recorded a decrease in revenue of RM2,920.2 million due to decerase in average selling prices by 20% and lower sales volume by 26% mainly due to lesser demand. PBT decreased by RM205.3 million in line with lower gross profit from Jet A1 and Diesel following decrease in MOPS prices.
2Q20 vs 1Q20:
Group revenue for the quarter ended 30 June 2020 decreased by 55% compared to the preceding quarter mainly due to lower sales volume of 35% and decrease in average selling prices of 32%. PBT for the quarter was recorded at RM1.2 million compared to LBT of RM18.4 million in the preceding quarter contributed by lower operating expenses following decrease in advertising and promotion activities. This was offset by lower margins mainly from Commercial segment by RM76.4 million due to lower sales volume and average selling prices.
The Group experienced challenging market conditions in Q2 due to covid 19 pandemic and MCO by the government. This has led to reduction in sales volume and revenue from mid-March to April. Reduction in demand for Mogas and Diesel was in line with the decrease in GDP. GDP recorded a contraction of 17.1% as compared to a growth of 0.7% in Q1. Consumer Sentiment Index (CSI) remained below 100-point optimism threshold. Closure of non-essential manufacturing and construction businesses has impacted demand for diesel. Demand for Aviation fuel continues to be affected by restricted traveling.
Revenue was impacted by declining product prices which has correlation to crude oil prices. Average Brent price in Q2 has decreased by 41.5% to USD29.2/bbl, from USD50.26/bbl in Q1 and the price is expected to remain volatile. Going forward, the aviation sector is anticipated to take a longer time to recover.
Retail business will continue to focus on enhancing customer experience through its operational excellence and digital expansion initiatives.
Commercial business will continue to remain vigilant during this difficult time and provide superior value proposition to its customer through enhancing channel delivery, providing comprehensive product offerings, leveraging on superior logistics and distribution network to sustain existing markets and capture new markets.
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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.