[SCIENTEX BHD：于2019年12月完成对Tasek Gelugor和Kundang土地的收购，并正在努力确保森德能将其负担得起的住房品牌扩展到巴生谷和槟城，计划于2020年下半年推出]
2Q20 vs 2Q19:
截至2020年1月31日的当前财政季度，集团实现收入9.144亿令吉，比去年同期的7.666亿令吉增长19.3％。增长的主要原因是制造和房地产部门的销售业绩均有所提高。与当前财政季度的销售额增长相吻合，集团的营业利润为1亿4080万令吉，比去年同期的1.039亿令吉增加35.5％。
制造业收入为6.594亿令吉，比去年同期的5.490亿令吉增长20.1％。增长的原因是销量增加以及森德新收购的加工业务。营业利润从3,900万令吉增加至6,520万令吉，主要是由于销售增加以及更好的销售组合和生产效率。
物业收入为2亿5千500万令吉，比去年同期的2亿1千760万令吉增加17.2％。伴随着本财政季取得的更高销售额，营业利润也从6490万令吉增至7560万令吉。收入和营业利润的增长主要来自柔佛州，马六甲，雪兰莪和霹雳州现有项目的销售改善和稳定的进度帐单，以及柔佛Taman Pulai Mutiara 2的首次贡献。
6个月期间：
在截至2020年1月31日的6个月财政期间，集团录得营业额17.9亿令吉，比去年同期的14.8亿令吉增长21.0％。收入的增长来自制造和房地产部门。与当前财政期间录得的更高销售额一致，营业利润也从1亿7950万令吉增至2亿5930万令吉。
在本财政期间，制造业收入为13亿1千万令吉，比去年同期的11亿2千万令吉增加16.9％。增长的主要原因是销量增加以及新收购的加工业务。随着销售的增长，营业利润从7480万令吉增加至1亿2060万令吉。
在本财政期间，产业收入为4亿7650万令吉，比去年同期的3亿5540万令吉增加34.0％。随着销售额的增长，在本财政期间，营业利润从1.047亿令吉增至1.386亿令吉。营业利润的增长主要是由于他们在柔佛，马六甲，雪兰莪和霹雳州的项目在回顾期内实现了更好的销售和进度计费。
QoQ：
集团在本财政季的收入为9.144亿令吉，而上一个财政季度为8亿7740万令吉。收入增加主要来自物业部门。与制造部门的销售增长和更好的生产效率相一致，本财政季度的税前利润为1.395亿令吉，相比前一财政季度为1.158亿令吉。
前景：
制造业：
由于对柔性塑料包装（“ FPP”）产品的需求稳定，森德在本季度继续看到其制造部门的可持续表现。森德将继续专注于整体长期战略，以提高生产效率，生产更具可持续性和增值的产品，同时力求降低成本和浪费，这是其整体战略的一部分，以在预计资本流动和外汇波动会增加的背景下，所带来的全球不确定性下，仍能保持竞争力。森德将继续密切监察最新发展，并采取适当步骤管理风险。
房地产：
森德在本季度的所有正在进行的项目中继续看到对经济适用房产品的令人鼓舞的需求。随着马来西亚经济以2009年以来最慢的速度增长，马来西亚国家银行在2020年3月宣布将其隔夜政策利率进一步降低至2.50％，这被视为在全球不确定性加剧的情况下使马来西亚经济能保持平稳的先行措施。在宽松的利率制度下，因产品位于马来西亚半岛的战略位置，预计对集团产品的需求将持续保持。尽管最近的政府变动和Covid-19疫情不断升级带来了不确定性，但森德仍专注于其核心能力，即通过收购可负担得起的土地储备，通过城镇规划以有效利用土地来建设和提供更多可负担房屋，以及更好来控制建筑成本。
森德已于2019年12月完成对Tasek Gelugor和Kundang土地的收购，并正在努力确保森德能将其负担得起的住房品牌扩展到巴生谷和槟城，计划于2020年下半年推出。森德将努力向市场投放更多创新产品，以满足那些希望拥有有吸引力且功能丰富，真正负担得起而又不影响质量的房屋的买家的特殊需求。
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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 RM2.26 (dividend RM0.04) in 1 year 9 months 3 days, total return is 221.7%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.72 (dividend RM0.04) in 1 year 10 months 12 days, total return is 121.4%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.45 (adjusted)(dividend RM0.055) in 11 months 11 days, total return is 109.9%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.08 in 1 year 3 months 23 days, total return is 87.8%
e) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM20.76 (adjusted)(dividend RM0.32) in 1 Year 10 months 14 days, total return is 73.6%
f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.28 (dividend RM0.148) in 1 Year 7 months 7 days, total return is 52.7%
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。
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
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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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[SCIENTEX BHD: The Group has completed the acquisition of its Tasek Gelugor and Kundang lands in December 2019 and efforts are being made to ensure that scheduled launches in the second half of 2020 can be achieved as the Group spreads its affordable housing brandname to both Klang Valley and Penang]
2Q20 vs 2Q19:
For the current financial quarter ended 31 January 2020, the Group achieved revenue of RM914.4 million, an increase of 19.3% compared to RM766.6 million recorded in the preceding year corresponding quarter. The increase was mainly due to better sales performance achieved from both the manufacturing and property divisions. In line with the higher sales recorded in the current financial quarter under review, the Group’s operating profit was RM140.8 million, an increase of 35.5% compared to RM103.9 million recorded in the preceding year corresponding quarter.
Manufacturing revenue was RM659.4 million, an increase of 20.1% compared to RM549.0 million in the preceding year corresponding quarter. The increase was contributed by higher sales volume as well as the Group’s newly acquired converting businesses. Operating profit increased from RM39.0 million to RM65.2 million mainly due to increase in sales as well as better sales mix and production efficiency.
Property revenue was RM255.0 million, an increase of 17.2% compared to RM217.6 million recorded in the preceding year corresponding quarter. In tandem with the higher sales achieved in current financial quarter, operating profit increased from RM64.9 million to RM75.6 million accordingly. The better performance in revenue and operating profit were mainly contributed by better sales and steady progress billing from our existing projects in Johor, Melaka, Selangor and Perak, in addition to maiden contribution from Taman Pulai Mutiara 2, Johor.
6-month:
For the 6-month financial period ended 31 January 2020, the Group recorded revenue of RM1.79 billion, an increase of 21.0% compared to the preceding year corresponding period of RM1.48 billion. The increase in revenue was contributed by both the manufacturing and property divisions. In line with the higher sales recorded in current financial period, the operating profit has also increased from RM179.5 million to RM259.3 million.
Manufacturing revenue was RM1.31 billion for the current financial period, an increase of 16.9% compared to the preceding year corresponding period of RM1.12 billion. The increase was mainly contributed by higher sales volume as well as the newly acquired converting businesses. In tandem with the increase in sales, operating profit increased from RM74.8 million to RM120.6 million.
Property revenue was RM476.5 million for the current financial period, an increase of 34.0% compared to the preceding year corresponding period of RM355.4 million. In line with the increase in sales, operating profit increased from RM104.7 million to RM138.6 million in the current financial period. The increase in profit from operations was mainly due to the better sales and progress billing achieved during the review period for their projects in Johor, Melaka, Selangor and Perak.
QoQ:
The Group’s revenue for the current financial quarter was RM914.4 million compared to the preceding financial quarter of RM877.4 million. The increase in revenue was mainly contributed from property division. In line with the increase in sales and better production efficiency from manufacturing division, profit before taxation for the current financial quarter was RM139.5 million compared to the preceding financial quarter of RM115.8 million.
Prospects:
Manufacturing:
The Group continues to see sustainable performance for its manufacturing division for its current quarter under review due to stable demand for its flexible plastic packaging (“FPP”) products. The Group remains focused on its overall long-term strategy to enhance production efficiency, producing more sustainable and value added products whilst seeking to reduce costs and wastage as part of its overall strategy to remain competitive against the backdrop of global uncertainty with capital flows and exchange rate volatility expected to increase. The Group will continue to monitor very closely the latest developments and take appropriate steps to manage risks.
Property:
The Group continues to see encouraging demand for its affordable housing products in all its on-going projects for the current quarter under review. With the Malaysian economy growing at its slowest pace since 2009, Bank Negara Malaysia in March 2020 announced a further reduction in its Overnight Policy Rate to 2.50% which is seen as pre-emptive measure to keep the Malaysian economy on even keel amidst heightened global uncertainties. With the accommodative interest rate regime, demand for the Group’s products which are strategically located throughout Peninsular Malaysia is expected to remain sustainable. In spite of the uncertainty stemming from the recent change in government and the escalating Covid-19 outbreak, the Group remains focused on its core competency of building and delivering more affordable homes through acquisition of affordably priced landbanks, efficient utilisation of land spaces via township planning as well as better construction costs control.
The Group has completed the acquisition of its Tasek Gelugor and Kundang lands in December 2019 and efforts are being made to ensure that scheduled launches in the second half of 2020 can be achieved as the Group spreads its affordable housing brandname to both Klang Valley and Penang. The Group will strive to put more innovative products in the market which are able to address the specific needs of buyers who wish to own homes that are attractive and rich in features whilst being truly affordable without compromising on quality.
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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/2020-05-16-story-h1507062199.jsp
