[V.S INDUSTRY BHD：中国的贡献减少]
在本季度的回顾中，威铖的营业额为10.346亿令吉，较去年同期减少3,830万令吉，主要是由于中国的贡献减少。同期的税前盈利则增加40.5％或1,840万令吉，至6,370万令吉。
马来西亚部门：
与去年同期相比，马来西亚本季度的收入略微减少了420万令吉。随着收入的减少，税前利润比上一年相应的季度减少了130万令吉。
印尼部门：
印尼部门在本季度录得110万令吉的税前盈利，相比之下，去年同期则为130万令吉的税前亏损，主要是由于更好的产品销售组合。
中国部门：
由于完成的销售订单减少，中国地区本季度的收入下降。由于精简活动和采用轻资产模式，负债较低，减少了运营费用，本季度的亏损显着缩小。
QoQ:
在本季度的回顾中，威铖的税前盈利为6370万令吉，较上一季度的4890万令吉高，主要是由于没有提供在中国业务的2210万令吉的厂房和设备减值亏损，以及从联营公司得到退还的790万令吉的投资成本。
前景：
在美国和中国之间持续的贸易紧张局势以及对未来两年全球经济增长可能放缓的担忧中，总体消费者和企业情绪仍然低迷。这导致不确定性，许多人采取观望态度。面对艰难的环境，威铖正集中精力控制成本，优化生产力并为客户创造价值。
在中国，集团的运营仍然充满挑战。美中贸易紧张局势虽然对马来西亚有利，但正在影响中国的商业气氛，给中国的业务增加了进一步的压力。产能利用不足的问题预计将普遍存在。
尽管存在短期挑战，但董事会在稳固的基本面，与现有客户的稳固关系，强大的执行能力，最近新增的新主要客户以及潜在的未来合同中标的基础上，仍对集团的长期前景持乐观态度。
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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 RM2.25 (dividend RM0.025) in 1 year 4 months 1 day, total return is 218.2%
b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.31 in 10 months 23 days, total return is 127.8%
c) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.875 in 3 months 18 days, total return is 92.3%
d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.42 (dividend RM0.04) in 1 year 5 months 12 days, total return is 83.6%
e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.88 (adjusted)(dividend RM0.01) in 6 months 11 days, total return is 73.1%
f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.34 (dividends RM0.113) in 1 Year 2 months 6 days, total return is 54.3%
g) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.21 (dividend RM0.015) in 11 months 27 days, total return is 53.1%
h) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.34 in 5 months 13 days, total return is 48.9%
i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.66 (dividend RM0.07) in 1 Year 25 days, total return is 36.2%
j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.26 (dividend RM0.018) in 11 months 20 days, total return is 32.4%
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
12月22日星期日：AG Hotel Penang, George Town 2份点心
12月29日星期日：Hotel Sri Petaling, KL 3份点心
2020年2月22日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心
2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐
12月21日星期六：AG Hotel Penang, George Town
12月28日星期六：Hotel Sri Petaling, KL
2020年2月23日星期日：Silka Johor Bahru Hotel, Johor Bahru
3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡
12月20日星期五：AG Hotel Penang, George Town 2份点心
12月27日星期五：Hotel Sri Petaling, KL 3份点心
2020年2月21日星期五：Silka Johor Bahru Hotel, Johor Bahru 7份点心
有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043
Facebook Group: https://www.facebook.com/groups/jamesinvesting
这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw
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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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[V.S INDUSTRY BHD: lower contribution from China]
For the current quarter under review, the Group recorded a revenue of RM1,034.6 million, a decrease of RM38.3 million as compared to the previous year corresponding quarter, largely due to lower contribution from China. Profit before tax, meanwhile, increased 40.5% or RM18.4 million to RM63.7 million over the same period.
Malaysia segment:
Malaysia segment posted a marginal decrease in revenue of RM4.2 million in the current quarter by comparison to previous year corresponding quarter. In tandem with the decrease in revenue, profit before tax dropped by RM1.3 million over the preceding year
corresponding quarter.
Indonesia segment:
Indonesia segment recorded profit before tax of RM1.1 million for the quarter under review as compared to loss before tax of RM1.3 million in the preceding year corresponding quarter mainly due to better product sales mix.
China segment:
China segment recorded a lower revenue for the current quarter as a result of lower sale orders completed. Losses narrowed significantly during the quarter under review due to lower operating expenses incurred following streamlining activities and adopting an assetlight
model with lower gearing structure.
QoQ:
For the current quarter under review, the Group recorded a higher profit before tax of RM63.7 million as compared to RM48.9 million in the preceding quarter, mainly attributable to the absence of impairment loss on plant and equipment of RM22.1 million provided by the operations in China as well as refund of investment cost of RM7.9 million from an associate.
Prospects:
The overall consumer and business sentiments remain subdued amidst the ongoing US China trade tension and fear of potential global economic growth slowdown in the next two years. This led to uncertainties with many adopting a wait-and see attitude. With the tough environment expected to prevail, the Group is focusing its efforts to contain cost, optimize productivity and enhance value creation for its customers.
Over in China, the Group’s operations remains highly challenging. The US-China trade tension, while beneficial to Malaysia, is affecting business sentiment in China, adding further pressure to the operations there. The issue of under-utilization of capacity is expected to prevail.
Despite the short-term challenges, the Board remains positive on the long-term prospects of the Group, underpinned by solid fundamentals, robust relationships with existing customers, strong execution skills, recent addition of new key customers and potential future contract wins.
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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
