[LITRAK (6645) 環城大道 LINGKARAN TRANS KOTA HOLDINGS BHD：政府已决定冻结2019年的收费增加，因此推迟增加直至另行通知，并将不得不赔偿Litrak的收入损失] - James的股票投资James Share Investing
4Q19 vs 3Q19:
环城大道本季度收入较低，为1.265亿令吉，而上一季度为1.311亿令吉，主要是由于在本季度的节日期间Lebuhraya Damansara Puchong高速公路（“LDP”）交通量减少导致的路费收入减少。
本季度Sistem Penyuraian Trafik KL Barat Holdings私人有限公司（“SPRINT集团”）的业绩份额有所改善，抵消了税前利润的减少。 SPRINT集团的利润份额增加主要是由于Penchala Link - Mont Kiara Toll Plaza于2019年1月1日开始的定期通行费增加导致收入增加。环城大道本季度实现税后利润5,910万令吉，而上一季度则为6,120万令吉。
YoY：
本季度，环城大道的收入较去年同期的1.279亿令吉低，收入为1.265亿令吉，主要原因是LDP的交通量较低。环城大道的收入较去年同期录得的5亿2390万令吉低，为5亿1600万令吉，主要是由于LDP的交通流量较低，包括2018年5月与GE14有关的额外公众假期影响。
环城大道本季度的税前利润为7,810万令吉，而去年同期则为7,270万令吉。本季度税前利润增长主要是由于：
（i）根据2018年4月的预定偿还借款降低财务费用;和
（ii）SPRINT集团本季度的利润分别为270万令吉，而去年同一季度录得的亏损为230万令吉。 SPRINT集团本季度录得盈利主要是由于本季度确认的收入增加。
截至本年度，环城大道的税前利润较高为3.146亿令吉，而去年同期则为3.064亿令吉。本年度除税前溢利增加主要是由于以下原因：
（i）财务费用降低;和
（ii）SPRINT集团于本财政年度的利润分别为150万令吉，而去年同期则录得亏损430万令吉。
前景：
根据特许经营协议，最终的通行费增加定于2016年1月1日。但政府已决定冻结2019年的收费增加，因此推迟增加直至另行通知，并将不得不赔偿Litrak的收入损失。如果政府决定继续延长推迟用户的通行费增加，Litrak可以预期可收费的交通量在短期内将保持相当稳定。
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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 RM1.57 (dividend RM0.015) in 11 months 30 days, total return is 121.7%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.43 (dividend RM0.04) in 1 year 1 month 11 day, total return is 84.9%
c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.31 in 7 months 27 days, total return is 63.8%
d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.40 (dividend RM0.1875) in 9 months 28 days, total return is 36.9%
e) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.69 (dividend RM0.035) in 8 months 25 days, total return is 35.8%
f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.40 in 2 months 10 days, total return is 34.6%
g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.27 (dividend RM0.008) in 7 months 20 days, total return is 32.4%
h) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.745 in 6 months 23 days, total return is 29.6%
i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.81 (dividends RM0.063) in 10 months 7 days, total return is 17.8%
j) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.60 (dividends RM0.04) in 10 months 12 days, total return is 14.7%
k) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.91 in 7 months 12 days, total return is 7.1%
l) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.14 (dividends RM0.084) in 1 Year 15 days, total return is 6.7%
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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页面与我联系。
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10a.m. – 9p.m.，免费午餐和晚餐
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3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡
9月6日星期五：Hotel Sri Petaling, KL 3份点心
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有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
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这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。
James Ng
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[LINGKARAN TRANS KOTA HOLDINGS BHD: Government has decided to freeze toll hikes for 2019 hence defer the increase until further notice and will have to compensate Litrak for the loss in revenue as a result of the deferment]
4Q19 vs 3Q19:
The Group registered lower revenue of RM126.5 million in the current quarter as compared to RM131.1 million recorded in the immediate preceding quarter mainly due to the decrease in toll revenue arising from lower traffic volume plying the Lebuhraya Damansara Puchong highway (“LDP”) during the festive period in the current quarter.
The decrease in profit before tax was moderated by improved share of result from an associate, Sistem Penyuraian Trafik KL Barat Holdings Sdn Bhd (“SPRINT Group”) in the current quarter. The increase in share of profit in SPRINT Group is mainly due to higher revenue recognised resulting from the scheduled toll rates increase for Penchala Link – Mont Kiara Toll Plaza commencing on 1 January 2019. The Group achieved profit after tax of RM59.1 million in the current quarter as compared to RM61.2 million in the immediate preceding quarter.
YoY:
For the current quarter, the Group recorded lower revenue of RM126.5 million as compared to RM127.9 million recorded in the preceding year corresponding quarter mainly due to lower traffic volume plying the LDP. The Group registered lower revenue of RM516.0 million as compared to RM523.9 million recorded in the preceding year corresponding period mainly due to lower traffic volume plying the LDP including the effect of additional public holiday in connection with the GE14 in May 2018.
The Group achieved higher profit before tax of RM78.1 million in the current quarter as compared to RM72.7 million recorded in the preceding year corresponding quarter. The increase in profit before tax in the current quarter is mainly due to:
(i) Lower finance cost pursuant to scheduled repayment of borrowings in April 2018; and
(ii) Share of profit in SPRINT Group amounting to RM2.7 million in the current quarter as compared to share of loss of RM2.3 million recorded in the preceding year corresponding quarter. SPRINT Group recorded profit in the current quarter mainly due to higher revenue recognised in the current quarter.
For the current year to date, the Group recorded higher profit before tax of RM314.6 million as compared to RM306.4 million recorded in the preceding year corresponding period. The increase in profit before tax in the current year is mainly attributable to the following:
(i) Lower finance cost; and
(ii) Share of profit in SPRINT Group amounting to RM1.5 million in the current financial year as compared to share of loss of RM4.3 million recorded in the preceding year corresponding period.
Prospects:
Pursuant to the Concession Agreement, the final toll increase was scheduled for 1 January 2016. However the Government has decided to freeze toll hikes for 2019 hence defer the increase until further notice and will have to compensate Litrak for the loss in revenue as a result of the deferment. If the Government decides to continue with the deferment of the toll increase to users, Litrak can expect tollable traffic volume to remain fairly stable and constant in the short term.
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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.
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
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