[SIME DARBY BHD：澳大利亚和大中华地区设备销售增加。由于上一季度受到冠状病毒爆发的不利影响，这季收入大幅反弹]
4Q20 vs 4Q19:
包括森那美在Eastern & Oriental Berhad ("E&O")的投资减值拨回净额400万令吉（去年同期：亏损1800万令吉）。本季度还包括来自卡塔尔石油公司（QP）诉讼案的和解收入1500万令吉。
James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.68, dividend RM0.052, in 2 years 1 month 25 days, total return is 422%
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 3 months 5 days, total return is 339.2%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.38 adjusted, dividend RM0.055, in 1 Year 4 months 5 days, total return is 285.3%
d. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM1.62, dividend RM0.003, in 1 Year 1 month 12 days, total return is 256.7%
e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM1.06, dividend RM0.005, in 4 months 13 days, total return is 200%
f. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.37, dividend RM0.02, in 8 months 5 days, total return is 143.9%
g. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.325, in 5 months 11 days, total return is 71.1%
h. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.73, dividend RM0.015, in 11 months 17 days, total return is 67.4%
i. JAKS RESOURCES BHD, recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.945, in 1 year 8 months 17 days, total return is 64.3%
j. PERAK TRANSIT BHD, recommended on 19 July 20, initial price was RM0.18, rose to RM0.28, dividend RM0.0025, in 2 months 18 days, total return is 56.9%
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[SIME DARBY BHD: higher equipment sales in Australia and Greater China. Revenue rebounded strongly after having been adversely affected by the coronavirus outbreak in the preceding quarter]
4Q20 vs 4Q19:
The Group’s profit attributable to owners of the Company (“Net Profit”) declined by 3.8%.
Segment profit decreased by 3.8% to RM204 million in the current quarter. Excluding one off items, profit increased by 15.9% mainly due to higher equipment sales in Australia and Greater China. The Greater China operations registered a 56.6% increase in profit as revenue rebounded strongly after having been adversely affected by the coronavirus outbreak in the preceding quarter. The Australia operations’ profitability was not significantly impacted by movement restrictions during the quarter.
Segment profit decreased by 29.7% to RM194 million in the current quarter. Profit from the Greater China operations declined by 33% mainly due to lower rebates/incentives from principal although revenue was 3.1% higher. The Singapore operations recorded a lower loss.
The division recorded a loss before interest and tax of RM101 million. Also included in the current quarter is a gain on disposal of sea-use-rights and related assets of RM18 million.
The loss during the quarter of RM6 million was mainly due to impairment of assets and lower revenue.
The results include net reversal of impairment of the Group's investment in Eastern & Oriental Berhad ("E&O") of RM4 million (previous corresponding quarter: loss of RM18 million). Also included in the quarter is RM15 million income from the settlement of the Qatar Petroleum (“QP”) legal case.
f) Finance income:
Finance income for the quarter includes RM8 million relating to the India withholding tax recoverable.
g) Finance costs:
The finance costs of RM47 million includes finance cost of RM22 million relating to lease liabilities following the adoption of MFRS 16.
The Group performed satisfactorily in the financial year ended 30 June 2020, supported by the strong performance in the first half of the financial year, despite challenges from the coronavirus outbreak in the second half of the financial year. A significant portion of the Group’s operations are in locations where the coronavirus outbreak has generally been under control or relatively well managed. As such, many operations have seen a recovery in sales after movement restrictions were eased. The Group has instituted a downturn action plan. The plan ensures that the Group remains resilient and is able to quickly adapt to the changing business environment.
Many countries have introduced stimulus measures to help their economy recover after lockdowns and restrictions significantly curtailed economic activity. Increased infrastructure spending would support equipment sales of the Industrial division while fiscal incentives such as the sales tax exemption for car sales in Malaysia would help bolster sales. Based on the relatively strong rebound in sales that the Group has experienced thus far and its relatively strong financial position, the Board is cautiously optimistic that the Group’s financial performance for the financial year ending 30 June 2021 would be satisfactory.
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the forecasted growth of a company must over 14% per year
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