[TENAGA NASIONAL BHD：由于受COVID-19疫情影响，某些客户群的收入下降]
YTD20 vs YTD19:
期间的收入减少了13.7％或35.755亿令吉，主要是由于Imbalance Cost Pass-Through (‘ICPT’)减少了23.173亿令吉，以及电力销售额减少了11.993亿令吉，出现了负增长8.1％，主要是由于受COVID-19疫情影响，某些客户群的收入下降。营业利润则从一年前的45.784亿令吉下降11.6％至40.460亿令吉。
回顾期间的税后利润从去年同期的26.513亿令吉减少了12.386亿令吉，减至14.127亿令吉，这主要是由于与去年同期相比，马币贬值以及融资成本增加（新的Jimah East Power厂的营运）。
2Q20 vs 2Q19：
该季度的收入quarter on quarter下降了15.4％或19.852亿令吉，主要是由于电力销售下降。因此，营业利润也从20.725亿令吉减少至18.222亿令吉，减少了2.503亿令吉或12.1％。这季的税后盈利从前一季度的11亿3010万令吉减少4亿5410万令吉或40.2％至6亿7600万令吉。这主要是由于较高的税收支出。
2Q20 vs 1Q20：
国家能源报告本季的税前盈利为10.447亿令吉，较上一季度的10.164亿令吉增加了2830万令吉。
前景：
由于控制COVID-19大流行的严格遏制措施（包括各种限制生产和消费活动的措施），马来西亚经济在2020年第二季度收缩了17.1％。集团在运营和财务要求方面采取了审慎的措施，以确保其保持弹性。
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James Ng Stock Pick Performance:
Since Recommended Return:
a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.40, dividend RM0.052, in 2 years 1 month 6 days, total return is 382.8%
b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM47.88 adjusted, dividend RM0.52, in 2 Years 2 months 17 days, total return is 298.7%
c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.03 adjusted, dividend RM0.055, in 1 Year 3 months 16 days, total return is 264.4%
d. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.40, dividend RM0.01, in 7 months 16 days, total return is 147.4%
e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.86, dividend RM0.005, in 3 months 25 days, total return is 143.7%
f. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.34, in 4 months 23 days, total return is 78.9%
g. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.755, dividend RM0.015, in 10 months 29 days, total return is 73%
h. PERAK TRANSIT BHD, recommended on 19 July 20, initial price was RM0.18, rose to RM0.28, dividend RM0.0025, in 1 months 30 days, total return is 56.9%
i. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.70, dividend RM0.003, in 1 Year 24 days, total return is 54.5%
j. DESTINI BHD, recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.29, in 11 months 25 days, total return is 45%
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超过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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免责声明：
高波动性投资产品，你的交易存在风险。过往表现不能作为将来业绩指标。内容仅作为分享，讨论以及领域的分析，而非是一种投资建议，买或卖自负。请Like和Share。最终决定永远是你的，谢谢。
James Ng
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[TENAGA NASIONAL BHD: decline in the certain customer segments, which was affected by the COVID-19 outbreak]
YTD20 vs YTD19:
Revenue for the period decreased by 13.7% or RM3,575.5 million, mainly due to drop in the Imbalance Cost Pass-Through (‘ICPT’) of RM2,317.3 million and the sales of electricity of RM1,199.3 million with a negative growth of 8.1%, owing largely to the decline in the certain customer segments, which was affected by the COVID-19 outbreak. While the operating profit fell 11.6% to RM4,046.0 million as compared to RM4,578.4 million a year ago.
Profit after taxation for the current period under review reduced by RM1,238.6 million, from RM2,651.3 million reported during the last corresponding period to RM1,412.7 million, mainly due to a weakened MYR against last corresponding period and higher finance cost of a newly commissioned plant of Jimah East Power.
2Q20 vs 2Q19:
Revenue for the quarter fell 15.4% or RM1,985.2 million quarter on quarter, mainly due to drop in sales of electricity. Consequently, the operating profit also declined from RM2,072.5 million to RM1,822.2 million, reduced by RM250.3 million or 12.1%. Profit after taxation for the current quarter under review reduced by RM454.1 million or 40.2%, from RM1,130.1 million reported during the last corresponding quarter to RM676.0 million. This is mainly due to higher tax expense.
2Q20 vs 1Q20:
The Group reported higher profit before tax of RM1,044.7 million in the current quarter as compared to RM1,016.4 million in the preceding quarter, an increase of RM28.3 million.
Prospects:
The Malaysian economy registered a contraction of 17.1% in the second quarter of 2020, due to the stringent containment measures to control the COVID-19 pandemic which included various measures that restricted production and consumption activities. The Group has taken prudent measures in terms of its operational and financial requirements to ensure it remains resilient.
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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 over 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
