[UMW (4588) 合顺 UMW HOLDINGS BHD：销售的汽车数量增加以及航空航天业务在制造和工程部门的销量增加] - James的股票投资James Share Investing
本季度：
合顺录得收入为27.799亿令吉，高于上一季度报告的24.388亿令吉。更好的表现是由于汽车部门销售的汽车数量增加以及航空航天业务在制造和工程部门的销量增加所致。
汽车领域：
汽车业务的收入为21.625亿令吉，高于上一个同期报告的18.771亿令吉。收入增加是由于期内销售的车辆数量较2018年增加。尽管收入较高，但税前利润从上一个相应报告的1.259亿令吉略微降低了RM170万至1.242亿令吉，因为期间由于新工厂的折旧率较高，但部分被联营公司的业绩改善所抵消。
设备部门：
设备部门的收入为3.828亿令吉，高于上一季度报告的3.73亿令吉。业绩归因于本季度重型设备业务收入增加。
制造与工程部门：
制造及工程部门的收入为2.371亿令吉，高于上一季度报告的1.685亿令吉。由于风扇箱的交付量增加以及汽车零部件业务的销售增加，航空航天业务的收入增加。税前利润从相应季度报告的亏损290万令吉大幅增加至盈利240万令吉，主要是由于收入增加所致。
QoQ：
合顺的持续经营业务收入为27.748亿令吉，较上一季度报告的26.818亿令吉增加了9300万令吉。这主要是由于销售的车辆数量增加。合顺于本季度持续经营业务的税前利润为1.407亿令吉，增加3680万令吉，原因是本季度收入较高，而上一季度收入为1.039亿令吉。
前景：
汽车领域：
凭借令人兴奋的新车型阵容以及近期银行基本贷款利率的下调，该部门的销售额将有所改善。因此，合顺预期该部门于2019年表现会令人满意。
设备部门：
马来西亚政府重启的主要基础设施项目已经引起了对建筑业的兴趣，这将导致该部门的需求增加。鉴于其海外市场的积极前景以及更好的生产力和成本管理，该部门预计将表现良好。合顺预期该部门于2019年将作出令人满意的贡献。
制造与工程部门：
汽车零部件和润滑油业务的前景是乐观的，这得益于汽车销售和更换市场的强劲市场需求。风扇箱的生产预计也将在2019年增加。因此，合顺预计该部门在2019年的表现会更好。
合顺将继续加强其三项核心业务，即汽车，设备，制造及工程。尽管由于贸易紧张局势以及汇率变动导致全球经济不确定，但合顺正着手实施成本优化计划，以改善其业务表现及营运生产力。董事会预计合顺2019财政年度的整体表现仍将令人满意。
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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 RM1.55 (dividend RM0.015) in 11 months 20 days, total return is 118.9%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.42 (dividend RM0.04) in 1 year 1 month 1 day, total return is 83.6%
c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.34 in 7 months 17 days, total return is 67.5%
d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.50 (dividend RM0.1875) in 9 months 18 days, total return is 42.2%
e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.785 in 6 months 13 days, total return is 36.5%
f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.41 in 2 months, total return is 35.6%
g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.28 (dividend RM0.008) in 7 months 10 days, total return is 33.5%
h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.62 (dividend RM0.035) in 8 months 15 days, total return is 30.3%
i) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.61 (dividends RM0.04) in 10 months 2 days, total return is 15.4%
j) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.76 (dividends RM0.063) in 9 months 25 days, total return is 14.7%
k) HUAYANG (HUA YANG BHD), recommended on 17 Feb 19, initial price was RM0.40, rose to RM0.45 in 5 months 16 days, total return is 12.5%
l) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.94 in 7 months 2 days, total return is 10.6%
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页面与我联系。
1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡
8月11日星期日：AG Hotel Penang, George Town 4份点心
9月8日星期日：Hotel Sri Petaling, KL 3份点心
10月19日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心
2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐
8月5日星期一：Kuching
8月10日星期六：AG Hotel Penang, George Town
9月7日星期六：Hotel Sri Petaling, KL
10月20日星期日：Silka Johor Bahru Hotel, Johor Bahru
3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡
8月9日星期五：AG Hotel Penang, George Town 4份点心
9月6日星期五：Hotel Sri Petaling, KL 3份点心
10月18日星期五：Silka Johor Bahru Hotel, Johor Bahru 5份点心
有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043
Facebook Group: https://www.facebook.com/groups/jamesinvesting
这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw
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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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[UMW HOLDINGS BHD: higher number of vehicles sold by the Automotive segment and higher unit sales by the aerospace business in the Manufacturing & Engineering segments]
This quarter:
The Group registered a revenue of RM2,779.9 million which was higher than the RM2,438.8 million reported in the previous corresponding quarter. The better performance was contributed by higher number of vehicles sold by the Automotive segment and higher unit sales by the aerospace business in the Manufacturing & Engineering segments.
Automotive Segment:
The Automotive segment registered a revenue of RM2,162.5 million which was higher than the RM1,877.1 million reported in the previous corresponding period. The improved revenue was due to higher number of vehicles sold during the period as compared to 2018. Notwithstanding the higher revenue, profit before tax was marginally lower by RM1.7 million to RM124.2 million from RM125.9 million reported in the previous corresponding period due to higher depreciation from new plant, which was partially offset by better performance from an associated company.
Equipment Segment:
The Equipment segment registered a revenue of RM382.8 million which was higher than the RM373.0 million reported in the previous corresponding quarter. The performance was attributed to higher revenue from Heavy Equipment business during the current quarter.
Manufacturing & Engineering Segment:
The Manufacturing & Engineering segment registered a revenue of RM237.1 million which was higher than the RM168.5 million reported in the previous corresponding quarter. The improved revenue was contributed by the Aerospace business as a result of higher delivery of fan cases and increase in sales from the Auto Component business. Profit before taxation improved substantially from a loss of RM2.9 million reported in the corresponding quarter to a profit of RM2.4 million, mainly contributed by higher revenue.
QoQ:
The Group registered a revenue from Continuing Operations of RM2,774.8 million which was higher by RM93.0 million from the RM2,681.8 million reported in the preceding quarter. This was mainly contributed by higher number of vehicles sold. The Group posted a profit before taxation from Continuing Operations of RM140.7 million which was higher by RM36.8 million in the current quarter as compared with RM103.9 million in the preceding quarter attributable to the higher revenue recorded during the current period.
Prospects:
Automotive Segment:
With an exciting line-up of new models and the recent reduction in banks’ base lending rates, the segment will see improvement in sales. Therefore, the Group expects the segment to perform satisfactorily in 2019.
Equipment Segment:
The revival of the major infrastructure projects by the Malaysia Government has brought back interest in the construction sector which will lead to stronger demand in the segment. This segment is expected to perform well in view of the positive outlook in their overseas market and better productivity and cost management. The Group expects the segment to contribute satisfactorily in 2019.
Manufacturing & Engineering Segment:
The outlook for auto component parts and lubricant business is positive, which is supported by strong market demand in vehicle sales and replacement market. Production of fan cases is also expected to increase in 2019. Therefore, the Group expects the segment to perform better in 2019.
The Group will continue to strengthen its three core businesses, namely Automotive, Equipment, and Manufacturing and Engineering. Notwithstanding the uncertainty in the global economy due to trade tensions as well as the exchange rate movements, the Group is embarking on its cost optimisation initiatives to improve its business performance and operational productivity. The Board expects the Group’s overall performance for the financial year 2019 to remain satisfactory.
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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
https://www.facebook.com/jamesshareinvest/posts/2335981670001907
