[KESM INDUSTRIES BHD：中国的封锁和马来西亚延长的行动控制令（“ MCO”）中断并限制了其生产。因此，他们的burn-in，测试和电子制造服务（“ EMS”）的数量较少]
3Q20 vs 3Q19:
集团的营业额从去年第三季的7380万令吉，减少27％或1960万令吉，至截至2020年4月30日的本季（3QFY2020）的5420万令吉。中国的封锁和马来西亚延长的行动控制令（“ MCO”）中断并限制了其生产。因此，他们的burn-in，测试和电子制造服务（“ EMS”）的数量较少。
其他开支的减少部分被230万令吉的股票的公允价值亏损所抵消。因此，该集团在2020财年第3季度报告了210万令吉的税前亏损，相比之下，去年同期则为160万令吉的税前利润。
YTD20 vs YTD19：
由于产量减少，集团的营业额从去年同期的2.365亿令吉减少18％或4170万令吉，至2020年4月30日止的本财政年度的1.947亿令吉。其他开支的减少部分被上市股票的公允价值亏损增加170万令吉所抵销。因此，集团的税前盈利在回顾期间从700万令吉提高4％或30万令吉，至730万令吉。
财务状况分析：
物业，厂房及设备（“ PPE”）从2019年7月31日的1.648亿令吉减少22％或3,620万令吉，至2020年4月30日的1.286亿令吉。PPE减少主要是由于折旧费用为4,670万令吉。贸易及其他应收款项减少了25％或1,620万令吉，从6,590万令吉减少至4,970万令吉，原因是销售减少导致贸易应收款项减少。
贸易及其他应付款项增加了13％或320万令吉，从2430万令吉增至2750万令吉，主要是由于较慢的还款导致应付款项增加了190万令吉，以及购买机器和测试设备的的贸易应付款项增加150万令吉。借贷的减少被确认的740万令吉租赁负债所抵销。应付所得税增加了440万令吉，主要是由于没有上一财政年度已充分利用的再投资津贴。
3Q20 vs 2Q20：
该集团报告其2020财年第3季度的税前亏损为210万令吉，而截至2020年1月31日的前一季度的税前利润为320万令吉。这主要是由于销量减少导致净收入减少了1150万令吉 ，以及上市股票的公允价值亏损增加了220万令吉。
前景：
2020年对全球半导体收入的最新修订估计为4,154亿美元，比2019年下降0.9％。与之前2020年预测的12.5％成长相比，这一下降幅度非常大。正如国际货币基金组织报告的那样，由于COVID-19大流行，全球经济预计将在2020年急剧收缩-3％。尽管有几个国家正在开始放宽封锁措施，这将使对其业务的疲弱需求有所缓解，但这集团预计其服务需求将较平淡。
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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 9 months 24 days, total return is 269.2%
b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM32.76 (adjusted)(dividend RM0.32) in 1 Year 11 months 4 days, total return is 172.5%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.76 (dividend RM0.04) in 1 year 11 months 4 days, total return is 126.4%
d) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.56 (adjusted)(dividend RM0.055) in 1 Year 3 days, total return is 116.5%
e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.49 (dividend RM0.148) in 1 Year 7 months 28 days, total return is 65.9%
f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.90 in 1 year 4 months 16 days, total return is 56.5%
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。
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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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[KESM INDUSTRIES BHD: lockdown in China and the prolonged Movement Control Order (“MCO”) in Malaysia have disrupted and limited their production. Consequently, they experienced a lower volume for burn-in, testing and electronic manufacturing services (“EMS”)]
3Q20 vs 3Q19:
The Group’s revenue was lower by 27% or RM19.6 million, from RM73.8 million in the preceding year’s third quarter, to RM54.2 million for the current quarter ended 30 April 2020 (“3QFY2020”). The lockdown in China and the prolonged Movement Control Order (“MCO”) in Malaysia have disrupted and limited their production. Consequently, they experienced a lower volume for burn-in, testing and electronic manufacturing services (“EMS”).
Decreases in other expense were partially negated by fair value loss on quoted equity shares of RM2.3 million. Consequently, the Group reported a loss before tax of RM2.1 million in 3QFY2020, compared to a profit before tax of RM1.6 million in the previous corresponding quarter.
YTD20 vs YTD19:
The Group’s revenue was lower by 18% or RM41.7 million, from RM236.5 million in the preceding year’s corresponding period to RM194.7 million for the current financial period ended 30 April 2020, as a result of lower production volume. Decreases in other expense were partially offset by higher fair value loss on quoted equity shares by RM1.7 million. Consequently, the Group’s profit before tax improved by 4% or RM0.3 million, from RM7.0 million to RM7.3 million in the reporting period under review.
Analysis of financial position:
Property, plant and equipment (“PPE”) was lower by 22% or RM36.2 million, from RM164.8 million as at 31 July 2019 to RM128.6 million as at 30 April 2020. The decrease in PPE was primarily due to depreciation charge of RM46.7 million. Trade and other receivables were lower by 25% or RM16.2 million, from RM65.9 million to RM49.7 million, following a reduction in trade receivables due to lower sales.
Trade and other payables increased by 13% or RM3.2 million, from RM24.3 million to RM27.5 million, mainly due to higher trade payables by RM1.9 million resulting from slower repayment and higher payables for purchases of machinery and test equipment by RM1.5 million. Reduction of loans and borrowings were partially offset by the recognition of lease liabilities of RM7.4 million. Income tax payable increased by RM4.4 million, primarily due to absence of reinvestment allowances which had been fully utilised in prior financial year.
3Q20 vs 2Q20:
The Group reported a loss before tax of RM2.1 million for 3QFY2020, compared to profit before tax of RM3.2 million in the preceding quarter ended 31 January 2020. This was mainly due to lower net revenue by RM11.5 million following reduced volume, and higher fair value loss on quoted equity shares by RM2.2 million.
Prospects:
The latest revision in 2020 forecast of world-wide semiconductor revenue is estimated at USD415.4 billion, a decline of 0.9% from 2019. This reduction is significant compared to the 12.5% growth in the previous 2020 forecast. As a result of the COVID-19 pandemic, the global economy is projected to contract sharply by -3% in 2020 as reported by IMF. The Group expects the demand for its services to be dull, notwithstanding that several countries are initiating a relaxation in the lockdown measures which will give some respite to the weak demand for their business.
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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/2020-06-07-story-h1508668838.jsp
