[INARI AMERTRON BHD：光电产品在1月和2月的销售额下降，以及本季度在马来西亚，中国和菲律宾工厂的产量较低，这是由于各自政府强制实施封锁以遏制Covid-19]
3Q20 vs 3Q19:
集团在本季录得收入2.426亿令吉，较去年同期减少5.4％。本季度收入下降主要是由于光电产品在1月和2月的销售额下降，以及本季度在马来西亚，中国和菲律宾工厂的产量较低，这是由于各自政府强制实施封锁以遏制Covid-19。自2020年3月18日以来，他们在马来西亚的业务受到移动控制令（MCO）的部分影响；中国工厂在2020年1月30日至2020年2月16日之间处于完全锁定状态，并部分运营至2020年3月31日。其菲律宾工厂受到了自2020年3月17日起的Enhanced Community Quarantine (ECQ)的影响。
集团在本季度录得3,510万令吉的税后利润，较截至2019年3月31日的同期的3,870万令吉减少9.5％。税后利润的下降主要是由于较低的收入，较高的折旧和更高的税收规定。
3Q20 vs 2Q20：
集团在本季度的收入为2.426亿令吉，比上一季度的2.654亿令吉降低8.6％，这主要是由于中国和菲律宾工厂的季度销量减少和产量降低，因各国政府实施封锁以遏制Covid-19。集团在本季录得3,510万令吉的税后利润，较上一季的3,750万令吉减少6.5％。这些主要是由于销量下降和产品组合变化所致。
YTD20 vs YTD19:
截至2020年3月31日的9个月，集团的营业额从去年同期的8.822亿令吉减少6.5％至8.246亿令吉。集团的税后利润从去年同期的1.540亿令吉减少21.9％至1.203亿令吉，这主要是由于光电产品的需求减少，产量下降，产品组合变化，折旧成本增加以及更高的税收规定所致。
前景：
Covid-19大流行在很短的时间内带来了全球经济不确定性。这导致在此期间，对经济增长的预测一直是投机性的，直到可以进行准确而广泛的测试以及有效的疫苗为止。在此之前，该集团认为，他们应该对前景保持谨慎，并保持其核心制造活动，以维持和改善现有工厂的产能利用率，因前景仍然阴云密布。这集团认为，即使这集团预期最终还是会有利润，但2020财政年度余下期间的表现仍将充满挑战。
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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 RM2.68 (dividend RM0.04) in 1 year 9 months 23 days, total return is 280.4%
b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM30.88 (adjusted)(dividend RM0.32) in 1 Year 11 months 3 days, total return is 157%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.73 (dividend RM0.04) in 1 year 11 months 3 days, total return is 122.6%
d) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.57 (adjusted)(dividend RM0.055) in 1 Year 2 days, total return is 117.1%
e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.50 (dividend RM0.148) in 1 Year 7 months 27 days, total return is 66.5%
f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.92 in 1 year 4 months 15 days, total return is 60%
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％
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James Ng
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[INARI AMERTRON BHD: lower sales volume in optoelectronic products in January and February, and lower of production volume at their Malaysia, China and Philippines plants in current quarter resulted from the enforcement of lockdowns to contain Covid-19 by the respective Governments]
3Q20 vs 3Q19:
The Group posted a revenue of RM242.6 million for the current quarter, representing a decrease of 5.4% compared to the corresponding quarter in the previous year. The decrease in revenue in the current quarter was primarily due to lower sales volume in optoelectronic products in January and February, and lower of production volume at their Malaysia, China and Philippines plants in current quarter resulted from the enforcement of lockdowns to contain Covid-19 by the respective Governments. Their Malaysian operations were affected partially by the Movement Control Order (MCO) since 18 March 2020; the China plant was under complete lockdown between 30 January 2020 and 16 February 2020, and operated partially until 31 March 2020. Their Philippines plant has been affected by the Enhanced Community Quarantine (ECQ) since 17 March 2020.
The Group recorded profit after tax of RM35.1 million for the current quarter, a decrease by 9.5% from RM38.7 million recorded in the corresponding quarter ended 31 March 2019. The decrease in profit after tax was mainly due to lower revenue, higher depreciation and higher tax provision.
3Q20 vs 2Q20:
The Group’s revenue for the current quarter of RM242.6 million was 8.6% lower as compared to the revenue registered in the immediate preceding quarter of RM265.4 million, which was mainly due to lower volume loading quarter-on-quarter and lower of production volume at their China and Philippines plants in current quarter resulted from the implementation of lockdowns to contain Covid-19 by the respective Governments. The Group’s recorded profit after tax of RM35.1 million for the current quarter, a decrease by 6.5% from RM37.5 million posted in the immediate preceding quarter. These were mainly due to decrease in sales volume and changes in product mix.
YTD20 vs YTD19:
The Group’s revenue for the nine months ended 31 March 2020 recorded a decrease of 6.5% to RM824.6 million from RM882.2 million in the preceding year corresponding period. The Group’s profit after tax decreased by 21.9% to RM120.3 million from RM154.0 million in the preceding year corresponding financial period are primarily due to decrease in demand in optoelectronic products, lower of production volume, changes in product mix, higher depreciation cost and higher tax provision.
Prospects:
The Covid-19 pandemic has brought about global economic uncertainties within a very short period. This has led economic growth forecasts during this period to be speculative until both accurate and widespread testing and an effective vaccine are available. Until then, the Group is of the view that they should remain cautious on their prospects and to stay to their core manufacturing activities to maintain and improve utilization of their existing plants’ capacities, while the outlook remains very clouded. The Group is of the view that the performance of the remaining period of financial year 2020 will be challenging even though the Group expects the bottom-line results to remain positive.
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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/2020-06-05-story-h1508013532.jsp
