[ENGTEX GROUP BHD：市场环境疲软]
2019年的净收入和税前利润分别比上年下降7.4％和48.3％。鉴于市场环境疲软，该集团减少了库存持有量和银行借款。因此，净负债比率已由2018年12月31日的0.69倍改善至2019年12月31日的0.58倍。
批发和分销部门：
该部门的利润和税前利润较低，分别为4070万令吉和2440万令吉，与2018年相比分别下降了19.8％和20.7％。税前利润包括出售空置的北巴生港口的工业用地收益总额为660万令吉（2018年：210万令吉），减记的存货总额为380万令吉（2018年：550万令吉）。
制造部门：
该部门分别录得较低的盈利2020万令吉，税前亏损为160万令吉，较2018年分别减少32.1％和132.2％。
物业发展部：
该部门在2019年的净收入为2,580万令吉，高于2018年的910万令吉，占集团净收入的2.3％。收入主要来自甲洞的Amanja项目。截至本季度末，Amanja的总销量为75.9％（2018：58.0％）。该部门继续录得税前亏损，主要是由于维持其在甲洞和士拉央的未售出房地产单位的运营成本。
酒店部门：
该部门在2019年录得净收入增加到990万令吉（2018年：940万令吉），原因是其三间营运酒店的平均入住率上升到65.6％（2018年：62.8％）。该部门录得较高的税前亏损710万令吉（2018年：640万令吉）。
QoQ：
若不计本季度出售在北巴生空置工业土地的收益450万令吉，则税前营业亏损为150万令吉，上一季度则录得税前盈利320万令吉。
前景：
马来西亚经济在2019年第四季度增长了3.6％（2019年第三季度：4.4％），其内需增长了4.9％（2019年第三季度：3.5％），而私营部门支出增加了7.4％（2019年第三季度：5.4％）。在供应方面，由于商品领域的供应中断，服务和建筑行业的较高增长受到压力。建筑业的复苏主要归因于在负担得起的住房活动的支持下，住宅房产的改善。
批发和分销部门将继续致力于扩大现有客户网络和产品范围，以及在本地和国外采购新产品。制造部门将改善，自动化，优化和扩展其运营能力，并继续寻找新的商机。
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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 RM2.14 (dividend RM0.04) in 1 year 8 months 5 days, total return is 204.9%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.57 (dividend RM0.04) in 1 year 9 months 16 days, total return is 102.5%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.20 (adjusted)(dividend RM0.055) in 10 months 15 days, total return is 94.9%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.03 in 1 year 2 months 28 days, total return is 79.1%
e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.27 (dividend RM0.148) in 1 Year 6 months 10 days, total return is 52.1%
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
7月5日星期日：Espira Sri Petaling, KL 3份点心
7月11日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心
7月19日星期日：AG Hotel Penang, George Town 2份点心
2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐
7月4日星期六：Espira Sri Petaling, KL
7月12日星期日：Silka Johor Bahru Hotel, Johor Bahru
7月18日星期六：AG Hotel Penang, George Town
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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[ENGTEX GROUP BHD: softer market environment]
The net revenue and profit before tax for 2019 was 7.4% and 48.3% lower than the preceding year. In view of the softer market environment, the group has reduced its inventories holding and bank borrowings. Accordingly, the net gearing has improved from 0.69 times as at 31 December 2018 to 0.58 times as at 31 December 2019.
Wholesale and distribution division:
The division recorded a lower segment profit and profit before tax of RM40.7 million and RM24.4 million respectively, representing a decrease of 19.8% and 20.7% respectively as compared to 2018. Included in the profit before tax were gains on disposal of vacant industrial land at North Port Klang totaling RM6.6 million (2018: RM2.1 million) and inventories written down amounting to RM3.8 million (2018: RM5.5 million).
Manufacturing division:
The division recorded a lower segment profit of RM20.2 million and incurred loss before tax of RM1.6 million respectively, representing a decrease of 32.1% and 132.2% respectively as compared to 2018.
Property development division:
The division recorded a higher net revenue of RM25.8 million in 2019 as compared to RM9.1 million in 2018 and contributed 2.3% to the Group’s net revenue. The revenue was mainly contributed by the Amanja project in Kepong. As at end of the current quarter, the total units sold in Amanja stood at 75.9% (2018: 58.0%). The division continued to register loss before tax mainly due to operating costs to maintain its unsold property stocks located in Kepong and Selayang.
Hospitality division:
The division recorded an increased net revenue of RM9.9 million in 2019 (2018: RM9.4 million) arising from increase in average occupancy rate which stood at 65.6% (2018: 62.8%) from its three operating hotels. The division recorded a higher loss before tax of RM7.1 million (2018: RM6.4 million).
QoQ:
Excluding the gain on disposal of vacant industrial land at North Port Klang of RM4.5 million during the current quarter, the operating loss before tax of RM1.5 million as compared to profit before tax of RM3.2 million recorded in the preceding quarter.
Prospects:
The Malaysian economy expanded by 3.6% in the fourth quarter of 2019 (3Q 2019: 4.4%), anchored by domestic demand which expanded by 4.9% (3Q 2019: 3.5%) and supported by higher private sector spending of 7.4% (3Q 2019: 5.4%). On the supply side, higher growth in the services and construction sectors was weighed down by supply disruptions in the commodities sector. The recovery in construction sector was mainly attributable to the turnaround in the residential sub-sector, supported by affordable housing activities.
The wholesale and distribution division will continue to focus on expanding its existing customer network and product range and sourcing for new products locally and abroad. The manufacturing division will improve, automate, optimise and expand its operating capacity and continue to look for new business opportunity.
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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://klse.i3investor.com/blogs/general/2020-04-18-story-h1506020382.jsp
