[V.S INDUSTRY BHD：2020年8月成功吸引了另一位来自美国的新客户，以生产无线静电喷涂机（以box-build assembly为基础）。集团还将生产一些客户计划在2021年推出的新产品]
James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.62, dividend RM0.052, in 2 years 1 month 18 days, total return is 413.6%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM49.80 adjusted, dividend RM0.52, in 2 Years 2 months 29 days, total return is 314.5%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.30 adjusted, dividend RM0.055, in 1 Year 3 months 28 days, total return is 280.5%
d. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.39, dividend RM0.01, in 7 months 28 days, total return is 145.6%
e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.86, dividend RM0.005, in 4 months 6 days, total return is 143.7%
f. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.90, dividend RM0.003, in 1 Year 1 month 5 days, total return is 98.5%
g. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.355, in 5 months 4 days, total return is 86.8%
h. PERAK TRANSIT BHD, recommended on 19 July 20, initial price was RM0.18, rose to RM0.29, dividend RM0.0025, in 2 months 11 days, total return is 62.5%
i. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.70, dividend RM0.015, in 11 months 10 days, total return is 60.7%
j. JAKS RESOURCES BHD, recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.815, in 1 year 8 months 10 days, total return is 41.7%
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[V.S INDUSTRY BHD: the Group managed to clinch another new customer from the US in August 2020 to produce cordless electrostatic sprayers on box-build assembly basis. the Group will also be producing new models that some customers plan to roll out in 2021]
For this quarter, profit before tax grew by 45.7% or RM22.4 million to RM71.3 million over the same period. The improved earnings for the current quarter despite decrease in revenue was mainly attributable to much smaller losses from the operations in China following restructuring and streamlining of operations by adopting an asset-light and lower-cost model.
For the financial year, profit before tax stood at RM151.6 million, having dropped by RM30.3 million or 16.7% over the same period.
For this quarter, profit before tax was lower at RM93.0 million. Operations resumed subsequently during the later part of April 2020 under conditional MCO phase. For FY20, profit before tax was lower at RM185 million versus RM268 million in the preceding year.
Indonesia segment recorded a loss before tax of RM6.5 million for the quarter under review as compared to a profit before tax of RM1.6 million in the preceding year corresponding quarter mainly due to lower sales order and impairment loss on receivable amounted to RM2.6 million. For the cumulative quarters, Indonesia segment continued to incur loss.
For the current quarter and cumulative quarters, losses narrowed significantly owing to lower operating expenses incurred following the streamlining of activities and adoption of an asset-light business model with lower gearing structure.
For the current quarter under review, the Group registered a profit before tax of RM71.3 million as compared to a loss before tax of RM26.9 million in the preceding quarter.
On a positive note, the Group managed to clinch another new customer from the US in August 2020 to produce cordless electrostatic sprayers on box-build assembly basis. The addition of this new customer is a further testament to the Group’s capability and track record.
Meanwhile, orders from existing customers are showing fairly healthy rebound as well by comparison to the preceding quarter. Additionally, the Group will also be producing new models that some customers plan to roll out in 2021. The encouraging trend is expected to sustain in the near future. With this, the Group’s existing capacity is projected to be filled up by 2021. In preparation for future expansion, the Group plans to increase its capacity by acquiring new plant. Discussion with prospective customers remain ongoing.
In view of the progressive developments, the Board opines that the financial performance in the next financial year will be better supported by recovery in global and local economies. The prospects of the Group remain bright under the stewardship of the experienced Board and management team that is further backed by a strong balance sheet.
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 email@example.com or PM me in my FB page.
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