[CHIN HIN GROUP BHD，专注于发展AAC块和模块化业务的制造]
截至2018年3月31日止季度，振兴集团收入为2亿6,532万令吉，较去年同期的2亿6,156万令吉增加376万令吉或1.44％。 2018年这季度的收入增加主要是由于autoclaved aerated concrete (AAC) blocks，预制混凝土产品，钢网产品，预拌混凝土部门和新模块化业务的制造收入增加。制造autoclaved aerated concrete (“AAC”) block带来的更高收入来自强劲的市场需求和手头订单。预制混凝土产品的收入增加是由于Rawang，Bidor和Kulai工厂的生产能力增加，这些工厂在2017年启动。模块化收入来自新的fast-track项目的营业额，在柔佛州Daerah Kota Tinggi的Mukim Pengerang建立一个工人综合设施。
由于新的初创公司的初始生产成本总计为112万令吉，因此集团的整体毛利大幅下降。然而，这些负面影响在一定程度上被预拌混凝土部门的改善和模块化项目所确认的利润所抵消，以建立一个工人综合设施（位于柔佛的Mukim Pengerang，Daerah Kota Tinggi）。由于他们决定完全从南部地区迁出，因为房地产市场明显放缓，因此预拌混凝土部门的业绩改善是由于工厂员工和运营成本的减少。
这季度，振兴集团收入为2.6532亿令吉，而上一季度则为2.5568亿令吉，增加965万令吉。收入增加的原因是mesh价格的上涨与钢材价格市场的变动以及CQ Bar，Hard Drawn Wire和Cut-to-size mesh的客户现金回赠减少一致，这符合当前市场惯例。自从模块化项目于2018年1月开始启动以来，项目收入在本季度得到确认。
前景：
他们仍然专注于发展AAC块和模块化业务的制造。他们相信，强大的基本面和弹性将使他们能够在今年实现令人满意的财务业绩。Kota Tinggi新型autoclaved aerated concrete (“AAC”)生产线装机容量为600,000立方米，已经开始对新工厂进行测试和调试，目标是在2018年6月底开始商业化生产。他们的有机增长公司， Starken Drymix Solutions Sdn Bhd还于2018年5月中旬开始对位于Bidor的新工厂进行测试和调试，并将其生产能力提高到20％。该公司将生产联合砂浆，脱脂涂层，抹灰，水泥浆，瓷砖粘合剂，外加剂和防水产品。这些产品的目标市场是分销商，施工人员和主承包商。
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我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：
预计公司每年的增长率必须> 14％
我想说服读者学习基本面分析FA以便能从股市赚钱。
我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系
最终决定永远是你的，谢谢。
James Ng
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For the quarter ended 31 March 2018, the Group reported a revenue of RM265.32 million, an increase of RM3.76 million or 1.44% as compared to RM261.56 million in preceding year corresponding quarter. The higher revenue for the current quarter of 2018 were mainly due to the increase in revenue from the manufacturing of autoclaved aerated concrete (AAC) blocks, precast concrete products, steel mesh products, ready-mixed concrete sector and the new modular business. The higher revenue from the manufacturing of autoclaved aerated concrete (“AAC”) block was driven by the strong market demand and order books on hand. The higher revenue for the precast concrete products were due to the increase in production capacity from Rawang, Bidor and Kulai plants which were a new start-up plant in 2017. The modular revenue was derived from the turnover recognised for the new fast-track project, to build an integrated workers complex with comprehensive facilities in Mukim Pengerang, Daerah Kota Tinggi, Johor.
The Group’s overall gross profit has eroded considerably due to the new start-up companies’ initial production cost charged out totalling RM1.12 million. However these negative impacts have been off-set to a certain extent by the improved performance of ready-mixed concrete segment and the profit recognised by the modular project, to build an integrated workers complex with comprehensive facilities in Mukim Pengerang, Daerah Kota Tinggi, Johor. The improved performance for ready-mixed concrete segment was due to the reduction of plant staff and operation cost as a result of their decision to move out entirely from the southern region as there has been a visible slowdown in the property market.
For the quarter under review, the Group posted a revenue of RM265.32 million as compared with RM255.68 million in the preceding quarter, an increase of RM9.65 million. The higher revenue was due to the increase in mesh price in line with the steel price market movement coupled with the reduction in cash rebate granted to customer for CQ Bar, Hard Drawn Wire and Cut-to-size mesh which was in line with the current market practice. Modular project revenue was recognised during the current quarter since the project started to kick off in January 2018.
Prospects:
They remain focused on growing their manufacturing of AAC block and modular business. They are confident that their strong fundamentals and resilience will enable them to deliver a satisfactory financial performance this year. The Kota Tinggi, Johor new autoclaved aerated concrete (“AAC”) production line with 600,000 m3 installed capacity has started its testing and commissioning on the new plant and is targeted to begin its commercial production by end of June 2018. Their organic growth company, Starken Drymix Solutions Sdn Bhd has also started its testing and commissioning on their new plant located at Bidor in the mid of May 2018 and managed to ramp up its production capability to 20%. This company will manufacture joint mortar, skim coat, render, grout, tile adhesive compound, admixture and water proofing product. The target market for these products are distributor, applicator and main contractor.
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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 > 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 jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/
Final decision is always yours, thank you.
James Ng
https://www.facebook.com/jamesshareinvest/posts/2079340392332704
