[FGV HOLDINGS BERHAD：种植部门销量下降导致种植部门亏损增加]
截至2020年6月30日的财政期间，种植部门的亏损较高为1.0498亿令吉，相比之前同期的亏损为1428万令吉。这主要是由于CPO销量下降了21.7％，FFB产量下降了13.8％，至190万吨，转化为每公顷7.51吨的较低产量，而去年同期为220万吨和每公顷9.14吨的产量。毛棕榈油的出厂成本为每公吨1,711令吉，高于去年同期的每公吨1,416令吉，部分原因是产量降低。 OER 20.05％低于上一年的20.48％。橡胶部门利润率的下降进一步削弱了该部门的业绩。
James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.69, dividend RM0.052, in 2 years 1 month 19 days, total return is 423.4%
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 30 days, total return is 320.9%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.45 adjusted, dividend RM0.055, in 1 Year 3 months 29 days, total return is 289.5%
d. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.92, dividend RM0.005, in 4 months 7 days, total return is 160.6%
e. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.38, dividend RM0.02, in 7 months 29 days, total return is 145.6%
f. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.92, dividend RM0.003, in 1 Year 1 month 6 days, total return is 102.9%
g. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.35, in 5 months 5 days, total return is 84.2%
h. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.71, dividend RM0.015, in 11 months 11 days, total return is 62.9%
i. PERAK TRANSIT BHD, recommended on 19 July 20, initial price was RM0.18, rose to RM0.29, dividend RM0.0025, in 2 months 12 days, total return is 62.5%
j. JAKS RESOURCES BHD, recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.875, in 1 year 8 months 11 days, total return is 52.2%
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[FGV HOLDINGS BERHAD: higher losses registered in Plantation Sector as a result of lower sales volume in Plantation Sector]
The revenue of the Group dropped by 7.3% to RM6.08 billion compared to previous corresponding period while the Group incurred a loss before zakat and taxation of RM145.23 million for the financial period under review compared to a loss of RM33.36 million in previous financial period. This was mainly due to higher losses registered in Plantation Sector as a result of lower sales volume in Plantation Sector.
Plantation Sector registered higher loss of RM104.98 million for the financial period ended 30 June 2020 compared to RM14.28 million loss recorded in previous corresponding financial period. This was mainly attributable to the decrease in CPO sales volume by 21.7% in tandem with the lower FFB production by 13.8% to 1.90 million mt, translated into a lower yield of 7.51 mt per hectare compared to 2.20 million mt production with a yield of 9.14 mt reported in previous corresponding period. CPO cost ex-mill was higher at RM1,711 per mt compared to RM1,416 per mt in previous corresponding period partially due to the lower production. OER achieved was lower at 20.05% compared to 20.48% registered in the previous year. The Sector’s result was further eroded by the lower margin in rubber division.
Sugar Sector registered a lower loss of RM54.42 million compared to RM56.03 million loss in previous financial period.
Logistic and Others Sector:
Logistic and Others Sector recorded a lower profit of RM22.62 million compared to RM26.27 million profits in previous financial period. Logistic division recorded lower profit by 16% in tandem with lower FFB production and decrease in rental income received from bulking activities. Some projects were also being put on hold due to the Movement Control Order imposed by the Government in middle March 2020.
The Group reported a profit before zakat and taxation of RM17.82 million compared to RM163.05 million loss in preceding quarter.
Sugar Sector will continue to be challenging and will focus on its turnaround plan, product diversification and export market. The Board expects the overall business environment to remain uncertain and volatile.
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