[KUALA LUMPUR KEPONG BHD：自上一季度的低位回升以来，现行的毛棕榈油价格已经恢复，如果能够维持这种复苏，他们对2019财政年度种植业的利润前景将会令人满意持乐观态度]
1Q19 vs 1Q18:
集团第一季度税前利润下降5.6％至3亿3,640万令吉（1QFY2018：利润3.563亿令吉），收入缩减21.1％至40亿8500万令吉（1QFY2018：51.75亿令吉）。
种植：
尽管FFB产量增加7.9％至1,105,465公吨，但种植业利润大幅下降58.0％至1.275亿令吉（2018财年第一季度：盈利3.036亿令吉）。
制造业：
制造业部门的利润下降28.8％至9800万令吉（2018财年第一季度：利润1.377亿令吉），由于销售价格下降，收入下降12.4％至22.08亿令吉（2018财年第一季度：25.2亿令吉）。来自中国和欧洲业务的利润下降抵消了马来西亚业务利润的改善。
物业发展：
由于收入增加至3980万令吉（1QFY2018：1790万令吉），房地产业务实现了更高的利润1,110万令吉（1QFY2018：利润RM170万）。
投资控股/其他：
农业部门的利润大幅增加至5,650万令吉（2018财年第1季度：利润3,190万令吉），原因是产量提高和种植面积增加导致作物产量增加。
企业：
吉隆甲洞的利润包括以下因素：
- 外币兑换收益为3800万令吉（2018财年第1季度：亏损1亿2040万令吉），这是由于以外币计价的公司间贷款的转换而产生的。
- 政府收购种植园土地产生的2,250万令吉（1QFY2018：盈余1,360万令吉）盈余。
1Q19 vs 4Q18：
第一季度，吉隆甲洞的税前利润增长62.5％至3亿3,640万令吉（4QFY2018：利润2.07亿令吉），尽管收入略低到40.85亿令吉（4QFY2018：41.92亿令吉）。
种植：
加工和贸易业务的积极贡献以及FFB产量增长8.4％，抵消了利润的下降。
制造业：
制造业利润大幅改善至9800万令吉（4QFY2018：利润为4370万令吉），尽管收入下降9.4％至22.08亿令吉（4QFY2018：24.38亿令吉）。由于利润率提高，马来西亚业务的贡献增加，导致业绩改善。由于未偿还衍生工具合约的公允价值变动导致未实现收益2140万令吉（4QFY2018：未实现损失940万令吉）的确认，本季度的利润增加也得益于此。油脂化学部门实现了更高的利润，即9,450万令吉（4QFY2018：利润3200万令吉），而其他制造业部门的利润已降至350万令吉（4QFY2018：利润1,170万令吉）。
物业发展：
物业部门的利润下降47.6％至1,110万令吉（4QFY2018：盈利2120万令吉），收入减少44.3％至3,980万令吉（4QFY2018：7,150万令吉）。
投资控股/其他：
农业部门从本季度的季节性农业收入中获得了5,650万令吉（4QFY2018：损失770万令吉）的利润。
企业：
吉隆甲洞的业绩包括：
- 换算以外币计值的公司间贷款产生的外币汇兑收益3800万令吉（4QFY2018：亏损1590万令吉）。
- 政府收购种植园土地的盈余达2,250万令吉（4QFY2018：无）。
前景：
自上一季度的低位回升以来，现行的毛棕榈油价格已经恢复。如果能够维持这种复苏，他们对2019财政年度种植业的利润前景将会令人满意持乐观态度。预计油脂化学品部门将通过提高产能利用率和提高利润率来维持其业绩。总体而言，吉隆甲洞预计2019财年的利润将相当令人满意。
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James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.22 (dividend RM0.015) in 7 months 29 days, total return is 72.7%
b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.35 in 3 months 25 days, total return is 68.8%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.25 in 9 months 9 day, total return is 57.2%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.85 in 2 months 21 days, total return is 47.8%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.28 in 3 months 18 days, total return is 32.6%
f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.35 (dividend RM0.0825) in 5 months 27 days, total return is 28.7%
g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.80 (dividends RM0.03) in 6 months 10 days, total return is 28%
h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM1.01 in 3 months 10 days, total return is 18.8%
i) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.83 in 21 days, total return is 18.1%
j) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.19 in 2 months 21 days, total return is 14.4%
k) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.41 (dividend RM0.035) in 4 months 23 days, total return is 13.8%
l) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.48 (dividend RM0.01) in 9 months 11 days, total return is 6.4%
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
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James Ng
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[KUALA LUMPUR KEPONG BHD: Prevailing CPO prices had since recovered from the low levels in the preceding quarter, should such recovery be sustained, they are optimistic that the prospects for plantation profit for financial year 2019 will be satisfactory]
1Q19 vs 1Q18:
The Group's 1st quarter profit before taxation decreased 5.6% to RM336.4 million (1QFY2018: profit RM356.3 million) and revenue shrunk 21.1% to RM4.085 billion (1QFY2018: RM5.175 billion).
Plantation:
Plantation profit declined sharply by 58.0% to RM127.5 million (1QFY2018: profit RM303.6 million) despite the 7.9% improvement in FFB production to 1,105,465 mt.
Manufacturing:
Manufacturing segment's profit fell 28.8% to RM98.0 million (1QFY2018: profit RM137.7 million) with revenue lower by 12.4% at RM2.208 billion (1QFY2018: RM2.520 billion) as a result of decrease in selling prices. Decline in profits from China and Europe operations had more than offset the improvement in profits from Malaysia operations.
Property Development:
Property segment achieved a much higher profit of RM11.1 million (1QFY2018: profit RM1.7 million) supported by the increase in revenue to RM39.8 million (1QFY2018: RM17.9 million).
Investment Holding/Others:
Farming sector's profit was substantially higher at RM56.5 million (1QFY2018: profit RM31.9 million) due to increase in crop production as a result of better yields and larger cropped area.
Corporate:
The Group profit had accounted for the following:-
- Foreign currency exchange gain of RM38.0 million (1QFY2018: loss RM120.4 million) which arose from the translation of inter-company loans denominated in foreign currencies.
- Surplus of RM22.5 million (1QFY2018: surplus RM13.6 million) arising from government acquisition of plantation land.
1Q19 vs 4Q18:
For the 1st quarter, the pre-tax profit of the Group rose 62.5% to RM336.4 million (4QFY2018: profit RM207.0 million) although revenue was slightly lower at RM4.085 billion (4QFY2018: RM4.192 billion).
Plantation:
The drop in profit was mitigated by positive contributions from processing and trading operations and the 8.4% improvement in FFB production.
Manufacturing:
Manufacturing profit had improved significantly to RM98.0 million (4QFY2018: profit RM43.7 million) although revenue declined 9.4% to RM2.208 billion (4QFY2018: RM2.438 billion). Improvement in result was attributed to higher contributions from Malaysia operations due to better margins. The current quarter's higher profit was also aided by the recognition of unrealised gain of RM21.4 million (4QFY2018: unrealised loss RM9.4 million) arising from fair value changes on outstanding derivative contracts. The oleochemical division achieved a much higher profit of RM94.5 million (4QFY2018: profit RM32.0 million) whilst the other manufacturing units' profit had reduced to RM3.5 million (4QFY2018: profit RM11.7 million).
Property Development:
Property segment's profit declined 47.6% to RM11.1 million (4QFY2018: profit RM21.2 million) with revenue lower by 44.3% at RM39.8 million (4QFY2018: RM71.5 million).
Investment Holding/Others:
Farming sector contributed a profit of RM56.5 million (4QFY2018: loss RM7.7 million), derived from the seasonal farming income in the current quarter.
Corporate:
The results of the Group had included the following:-
- Foreign currency exchange gain of RM38.0 million (4QFY2018: loss RM15.9 million) arising from the translation of inter-company loans denominated in foreign currencies.
- Surplus from government acquisition of plantation land amounting to RM22.5 million (4QFY2018: Nil).
Prospects:
Prevailing CPO prices had since recovered from the low levels in the preceding quarter. Should such recovery be sustained, they are optimistic that the prospects for plantation profit for financial year 2019 will be satisfactory. Oleochemical division is anticipated to sustain its performance through increase in capacity utilisation and improvement in margins. Overall, the Group expects a reasonably satisfactory profit for the financial year 2019.
--------------------------------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.22 (dividend RM0.015) in 7 months 29 days, total return is 72.7%
b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.35 in 3 months 25 days, total return is 68.8%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.25 in 9 months 9 day, total return is 57.2%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.85 in 2 months 21 days, total return is 47.8%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.28 in 3 months 18 days, total return is 32.6%
f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.35 (dividend RM0.0825) in 5 months 27 days, total return is 28.7%
g) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.80 (dividends RM0.03) in 6 months 10 days, total return is 28%
h) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM1.01 in 3 months 10 days, total return is 18.8%
i) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.83 in 21 days, total return is 18.1%
j) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.19 in 2 months 21 days, total return is 14.4%
k) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.41 (dividend RM0.035) in 4 months 23 days, total return is 13.8%
l) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.48 (dividend RM0.01) in 9 months 11 days, total return is 6.4%
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/
In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://web.facebook.com/jamesshareinvest/posts/2233928256873916 by date.
James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/
James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp
Facebook Group: https://www.facebook.com/groups/jamesinvesting
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
https://klse.i3investor.com/blogs/general/202452.jsp
