[CRESBLD (8591) 克立斯建筑 CREST BUILDER HOLDINGS BHD：税前亏损主要归因于与Lembaga Getah Malaysia（“ LGM”）于2019年10月29日宣布的共同开发协议（“ JDA”）的相互终止] - James的股票投资James Share Investing
第四季度，集团录得收入为9,330万令吉，税前亏损为310万令吉，而去年同期分别为1.428亿令吉，税前利润为2,290万令吉。本季度的税前亏损主要归因于与Lembaga Getah Malaysia（“ LGM”）于2019年10月29日宣布的共同开发协议（“ JDA”）的相互终止。
建筑部门的收入为7930万令吉，税前利润为90万令吉，而去年同期则分别为7820万令吉和1040万令吉。除税前溢利减少主要是由于确认贸易及其他应收款项的减值亏损达480万令吉。
房地产开发部门的收入和税前亏损分别为20万令吉和580万令吉，而去年同期的收入为4920万令吉和税前利润为1260万令吉。收入的减少和税前亏损的增加主要是由于2019年第一季度完成了Batu Tiga Phase 2 (Residensi Hijauan)项目。这也因为JDA相互终止而产生的一次性事件，于2019年10月29日与LGM达成协议，导致与注销在建物业的存货相关的确认亏损约为600万令吉。
特许经营安排部门的收入为1120万令吉，税前利润为250万令吉，而去年同期的第四季度分别为1140万令吉和230万令吉。收入减少主要是由于确认的特许经营合同的财务收入减少。
投资部门的收入为260万令吉，税前亏损为70万令吉，而去年同期的第四季度分别为400万令吉和240万令吉。收入及除税前亏损减少主要是由于某些投资物业的出租率下降所致。
QoQ:
于本季度，集团录得除税前亏损及税后亏损分别为310万令吉及160万令吉，相比之下，前一个季度的税前盈利及税后盈利分别为30万令吉及340万令吉。
除税前亏损及除税后亏损增加主要是由于JDA与LGM于2019年10月29日相互终止而产生的一次性事件，导致与注销发展中房地产的存货相关的确认亏损为600万令吉。
前景：
董事会对现有订单十分乐观，认为建峰将在2020年继续保持盈利。
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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 RM2.60 (dividend RM0.04) in 1 year 10 months, total return is 269.2%
b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM33.80 (adjusted)(dividend RM0.32) in 1 Year 11 months 11 days, total return is 181.1%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.68 (adjusted)(dividend RM0.055) in 1 Year 10 days, total return is 123.7%
d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.72 (dividend RM0.04) in 1 year 11 months 11 days, total return is 121.4%
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f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.35 (dividend RM0.148) in 1 Year 8 months 5 days, total return is 57.1%
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。
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James Ng
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[CREST BUILDER HOLDINGS BHD: loss before tax in current quarter was mainly attributable to the mutual termination of Joint Development Agreement (“JDA”) with Lembaga Getah Malaysia (“LGM”) announced on 29 October 2019]
For the fourth quarter under review, the Group recorded revenue of RM93.3 million and loss before tax of RM3.1 million as compared to the corresponding fourth quarter of the preceding year of RM142.8 million and profit before tax of RM22.9 million respectively. The loss before tax in current quarter was mainly attributable to the mutual termination of Joint Development Agreement (“JDA”) with Lembaga Getah Malaysia (“LGM”) announced on 29 October 2019.
The construction division recorded revenue of RM79.3 million and profit before tax of RM0.9 million as compared to the corresponding fourth quarter of the preceding year of RM78.2 million and RM10.4 million respectively. The decrease in profit before tax was mainly due to the recognition of impairment losses on trade and other receivables amounted to RM4.8 million.
The property development division’s revenue and loss before tax amounted to RM0.2 million and RM5.8 million respectively as compared to the corresponding fourth quarter of the preceding year of revenue of RM49.2 million and profit before tax of RM12.6 million. The decrease in revenue and the increase in loss before tax were mainly due to completion of Batu Tiga Phase 2 (Residensi Hijauan) project in the first quarter of year 2019. This was also due to a one-off event from the mutual termination of JDA with LGM on 29 October 2019, resulting in a recognised loss related to write off of inventory for property under development of approximately RM6.0 million.
The concession arrangement division recorded revenue of RM11.2 million and profit before tax of RM2.5 million as compared to the corresponding fourth quarter of the preceding year of RM11.4 million and RM2.3 million respectively. The decrease in revenue was mainly due to lower finance income from concession contract recognised.
The investment division recorded revenue of RM2.6 million and loss before tax of RM0.7 million as compared to the corresponding fourth quarter of the preceding year of RM4.0 million and RM2.4 million respectively. The decrease in revenue and loss before tax were mainly attributable to the decrease in the occupancy rate of certain investment properties.
QoQ:
For the current quarter under review, the Group recorded loss before tax and loss after tax of RM3.1 million and RM1.6 million respectively as compared to profit before tax and profit after tax of RM0.3 million and RM3.4 million respectively in the immediate preceding quarter.
The increase in loss before tax and loss after tax were mainly due to the one-off event from the mutual termination of JDA with LGM on 29 October 2019, resulting in a recognised loss related to write off of inventory for property under development of approximately RM6.0 million.
Prospects:
With their existing order book, the Board cautiously optimistic that the Group will continue to remain profitable for the year 2020.
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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/2020-06-15-story-h1508787913.jsp
