[YEE LEE CORP BHD：交易部门将继续专注于利用其强大的分销网络和创新营销活动扩大其现有品牌的市场份额，马来西亚目前的炎热天气预计会增加瓶装水的需求]
2Q18 vs 2Q17:
尽管本季度收入下降1.7％至2.6825亿令吉，但义利的税前利润为1,034万令吉，而一年前则为949万令吉。更好的表现主要来自其交易部门。联营公司SB的利润贡献也增加了17.3％至193万令吉。
制造部门：
收入下降的原因是销售量和棕榈基产品销售价格下降抵消了气雾剂销售额增加的影响。尽管收入较低，但棕榈油炼油厂本季度表现较好。棕榈油炼油厂设法恢复其利润率，而棕榈油厂通过提高提取率（“OER”）和棕榈仁回收率（“KER”）以减少损失（因为对新鲜水果束（“FFB”）越来越严格的质量检查）但以减少处理的FFB数量为代价。
交易部门：
本季度交易部门的收入略有增加，达到2.0679亿令吉，而去年同期为2.0441亿令吉。目前的销售增长主要得益于能量饮料，瓶装水，Campbells和Munchy的产品销售增加，但被烹饪油，Ribena和Lucozade产品的销售额下降抵消。他们新推出的方便面“Red Chef”的销售也令人鼓舞。随着销售额的改善，特别是主要饮料产品以及本季度广告和促销费用的谨慎支出，该部门设法将税前利润增加40.3％至536万令吉，而一年前则为382万令吉。
种植业部门：
种植园部门本季度的税前亏损为79万令吉，而一年前为49万令吉。
YTD18 vs YTD17：
截至2018年6月30日止期间，义利录得较高的收入为5.4501亿令吉，而一年前则为5亿4,399万令吉。相应地，集团的税前利润从一年前的1,805万令吉增加至2193万令吉。制造业和贸易部门的表现均优于上一年。 SB的利润贡献也从320万令吉增加了18.1％至384万令吉。
制造部门：
棕榈基产品的销量也低于去年，抵消了气雾剂销售额的增长。尽管收入下降，但该部门的税前利润增长了5.3％，达到853万令吉，而一年前则为810万令吉。棕榈油炼油厂今年的表现要好得多，自从取消政府控制的瓶装食用油上限价格以来，其利润率有所改善，而棕榈油厂则通过改善其OER和KER来减少损失。
交易部门：
交易部门在此期间的销售增长率为4.1％，其收入从一年前的4亿42万令吉增加至4亿1688万令吉。相应地，该部门的税前利润从639万令吉增加至1,024万令吉。更好的表现是由于瓶装水，能量饮料，Campbells和Munchy的产品销售额增加抵消了食用油销售额的下降。
种植业部门：
种植业部门在本期间的税前亏损为144万令吉，而一年前则为87万令吉，因为油棕和茶园仍然无法扭转。
与上一季度相比，本季度义利的税前利润下降10.8％至1,034万令吉。
前景：
马来西亚的免税期（在没有商品和服务税的情况下）极大地改善了消费者的情绪。他们的交易部门将继续专注于利用其强大的分销网络和创新营销活动扩大其现有品牌的市场份额。马来西亚目前的炎热天气预计会增加瓶装水的需求。这将为他们提供机会，利用其领先的瓶装水品牌来提高销售额，进一步提升其在瓶装水市场的市场地位。
其主要供应商的锡板销售价格在2018年正常化，这使得气雾剂业务能够继续审查其定价结构和竞争力，以便逐步将其全部成本增加转嫁给客户。
随着FFB供应质量检查的加强，他们的棕榈油厂设法改善其OER，从而减少其损失。该公司还寻求更好的FFB供应以增加其产量。展望未来，董事会预计工厂的表现将有所改善。
除非出现任何不可预见及不利的情况，董事会相信义利将继续保持其余季度的盈利。
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:
1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.88 in 2 months 27 day, total return is 23.1%
2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.88 in 4 months 7 day, total return is 10.7%
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。
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-----------------------------
[YEE LEE CORP BHD: trading division will continue to focus on expanding its existing brands market share leveraging on its strong distribution networks and innovative marketing campaigns, the current hot weather in Malaysia is expected to boost the demand of bottled water]
2Q18 vs 2Q17:
Despite revenue dropped by 1.7% to RM268.25 million in this quarter, the Group managed to register a higher profit before tax of RM10.34 million as compared to RM9.49 million a year ago. The better performance was mainly contributed by its trading division. The profit contribution from associated company, SB had also increased by 17.3% to RM1.93 million.
Manufacturing division:
The drop in revenue was attributable to lower sales volume and selling price of palm based products offsetting the higher sales of aerosolcans. Despite achieving lower revenue, both the palm oil refinery and mill performed better in this quarter. The palm oil refinery managed to recover its profit margin while the palm oil mill reduced its losses through better oil extraction rate ("OER") and palm kernel recovery rate ("KER") as a result of tightening of quality inspection on fresh fruit bunches ("FFB") supplies in the expense of reduction in the quantity of FFB processed.
Trading division:
Trading division recorded marginally increase in revenue of RM206.79 million in this quarter as compared to RM204.41 million a year ago. The current sales growth was driven by higher sales of energy drinks, bottled water, Campbells' and Munchy's products offsetting the lower sales of cooking oils, Ribena and Lucozade products. The sales of their newly launched instant noodles "Red Chef" was also encouraging. With the improvement in the sales especially the main beverage products and prudent spending on advertisement and promotion expenses in this quarter, the division managed to increase its profit before tax by 40.3% to RM5.36 million as compared to RM3.82 million a year ago.
Plantation division:
The plantation division incurred a higher loss before tax of RM0.79 million in this quarter as compared to RM0.49 million a year ago.
YTD18 vs YTD17:
The Group recorded a higher revenue of RM545.01 million for the period ended 30 June 2018 as compared to RM543.99 million a year ago. Correspondingly, the Group's profit before tax increased from RM18.05 million a year ago to RM21.93 million. Both the manufacturing and trading divisions' performance were better than the preceding year. Profit contribution from SB had also increased by 18.1% from RM3.25 million to RM3.84 million.
Manufacturing division:
The sales volume of palm based products was also lower than last year offsetting the higher sales of aerosolcans. Despite the drop in revenue, the division recorded an increase in profit before tax by 5.3% to RM8.53 million as compared to RM8.10 million a year ago. The palm oil refinery performed much better this year with improvement in its profit margin since the removal of the Government controlled ceiling price on bottled cooking oils while the palm oil mill managed to reduce its losses through improvement in its OER and KER.
Trading division:
Trading division registered a sales growth of 4.1% in the current period there by increasing its revenue from RM400.42 million a year ago to RM416.88 million. Correspondingly, the division's profit before tax increased from RM6.39 million to RM10.24 million. The better performance was contributed by higher sales of bottled water, energy drinks, Campbells' and Munchy's products offsetting the lower sales of cooking oils.
Plantation division:
The plantation division recorded a higher loss before tax of RM1.44 million in the current period as compared to RM0.87 million a year ago as both the oil palm and tea plantations were still unable to turn around.
The Group's profit before tax decreased by 10.8% to RM10.34 million in this quarter compared to the preceding quarter.
Prospects:
The current tax holiday (in the absence of the Goods and Services Tax) in Malaysia had improved the consumer sentiment tremendously. Their trading division will continue to focus on expanding its existing brands market share leveraging on its strong distribution networks and innovative marketing campaigns. The current hot weather in Malaysia is expected to boost the demand of bottled water. This will provide an opportunity for them to leverage on their leading bottled water brands to boost sales and further enhance their market positions in the bottled water market segment.
The selling price of tin plate from its main supplier has normalised in year 2018 and this allowed the aerosolcan business to continue review its pricing structure and competitiveness in order to progressively passing on the full cost increase to its customers.
With the tightening of quality inspection of FFB supplies, their palm oil mill managed to improve its OER and hence reduce its losses. The millis also sourcing for better FFB supplies to increase its production. Going forward, the Board expects the performance of the mill to improve.
Barring any unforeseen and adverse circumstances, the Board believes that the Group will continue to remain profitable for the remaining quarters.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:
1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.88 in 2 months 27 day, total return is 23.1%
2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.88 in 4 months 7 day, total return is 10.7%
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.
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