[KKB ENGINEERING BHD：获得了两个新合同；由Petronas Carigali Sdn Bhd和PTTEP砂拉越石油有限公司分别提供Wellhead Platforms Bakau的工程，采购，建造，安装和调试以及Pemanis Satellite Topside的工程，建造和调试]
集团本季度的收入为1.560亿令吉（2018年第4季度：1.425亿令吉），比去年第四季度增长9.5％，这主要是由于工程和制造部门的土木建筑和钢管制造部门的收入增加所致。
该集团今年迄今的收入为5亿5千900万令吉，较去年的4亿1千250万令吉高出35.5％。收入的增长主要来自工程部门，特别是钢铁制造和民用建筑部门，而制造业的钢管收入则更高。
同样地，集团在本季度的税前盈利增长了两倍多，达到3100万令吉（2018年第4季度：1310万令吉），从而使集团年初至今的税前利润达到了7770万令吉，而在前一年为2950万令吉。工程和制造部门的收入均有所提高，总体利润率得到了提高，推动了本季度和年初至今业绩的改善。
工程部门：
19年第4季度集团在工程领域的收入增加2.9％至1.334亿令吉，相比之下，去年第四季度为1.297亿令吉。毛利也从2120万令吉增加80.2％至3820万令吉，这得益于钢铁制造和土木建筑部门的更高利润率。
土木建筑部门的收入增长了860万令吉，与去年同期相比增长了12.9％，这是由于正在进行的项目带来了更高的进度费用。该季度的收入为7550万令吉（2018年第4季度：6690万令吉），来自正在进行的泛婆罗洲公路项目（第一阶段工程配套合同– WPC-09），由子公司KKBWCT Joint Venture Sdn Bhd负责。这年另一笔贡献来自Jabatan Bekalan Air Luar Bandar Sarawak的两个建设项目，这些项目包括设计，建造，完工，测试和调试拟议中的SR1计划（南部地区），砂拉越供水网格计划实施的900mm Nominal Diameter MSCL Pipeline的建设和完工，以及从Summer Mall Junction到现有Tambirat BPS Samarahan分区（1C配套）的所有相关工程。
制造业：
制造业的集团收入增加76.6％至2260万令吉，上一年同期则为1,280万令吉。沙捞越州和沙巴州的两家子公司下的钢管制造部门取得了巨大的进步。为Jabatan Bekalan Air Luar Bandar Sarawak提供钢管供应（沙捞越供水网格计划和沙巴州哥打京那巴鲁的其他临时客户），使该集团在19年第四季度的收入为2,030万令吉，而上一年的相应季度为920万令吉。
QoQ：
钢铁制造部门的销售下降，但被钢管制造部门的收入增加所抵消。然而，本季度的毛利增加至4210万令吉（19年第3季度：3090万令吉），毛利率为27.0％，高于上一季度的18.7％。尽管收入下降，但本季度的税前利润为3100万令吉，较上一季度的2880万令吉增长7.6％，这主要是由于工程部门的利润率提高。
前景：
许甲明在截至2019年12月31日止财政年度的强劲盈利业绩中，得益于正在进行中的泛婆罗洲公路项目的开发和升级建设工程;与水有关的建设项目，包括在砂拉越供水网格计划和油气设施的主要在岸制造工作下实施的水管的供应，铺设和调试以及其他相关基础设施工程。
在砂拉越供水网格计划下，正在进行和即将进行的与水相关的基础设施项目的推动，对水钢管的需求预计将保持稳定。此外，授予OceanMight Sdn Bhd（KKB的子公司）的PETRONAS Frame Agreement将提供更多机会，OceanMight是马来西亚为数不多的PETRONAS Licensed Yards之一，可以投标涉及Petroliam Nasional Bhd的固定近海结构施工的工程，采购和供应的合同工程（“ EPC”）。框架协议自2018年12月12日起生效，有效期为六（6）年，除非提前终止。
2020年1月，OceanMight获得了两个新合同；由Petronas Carigali Sdn Bhd和PTTEP砂拉越石油有限公司分别提供Wellhead Platforms Bakau的工程，采购，建造，安装和调试以及Pemanis Satellite Topside的工程，建造和调试。
许甲明与OceanMight Sdn Bhd和其他战略合作伙伴合作，积极参与国内外主要陆上制造业的新商机，以增加收入基础和收益，并继续努力进行审慎的成本管理和运营效率以保持强劲和竞争力。
凭借现有的合同以及集团多样化的业务组合以及稳健的财务状况，董事会仍然乐观地认为，除非有任何不可预见的情况，否则工程和制造行业在截至2020年财政年度仍可持续增长，均将表现出色。
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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 RM2.23 (dividend RM0.04) in 1 year 8 months 18 days, total return is 217.5%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.62 (dividend RM0.04) in 1 year 9 months 29 days, total return is 108.8%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.42 (adjusted)(dividend RM0.055) in 10 months 28 days, total return is 108.1%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.04 in 1 year 3 months 10 days, total return is 80.9%
e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.27 (dividend RM0.148) in 1 Year 6 months 23 days, total return is 52.1%
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。
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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[KKB ENGINEERING BHD: OceanMight has secured two new contracts; from Petronas Carigali Sdn Bhd and PTTEP Sarawak Oil Limited for the Provision of Engineering, Procurement, Construction, Installation and Commissioning of Wellhead Platforms Bakau and the Provision of Engineering, Construction and Commissioning of Pemanis Satellite Topside, respectively]
The Group’s current quarter revenue of RM156.0 million (4Q18: RM142.5 million) increased by 9.5% compared to the preceding year fourth quarter, mainly due to higher revenue recognition from the Civil Construction and Steel Pipes manufacturing divisions within the Engineering and Manufacturing sector.
The Group’s year-to-date revenue of RM559.0 million was 35.5% higher compared to RM412.5 million achieved in the preceding year. The growth in revenue was mainly from the Engineering sector, in particular the Steel Fabrication and Civil Construction divisions, alongside higher Steel Pipes revenue within the Manufacturing sector.
Similarly, the Group’s pre-tax profit for the quarter rose by more than double to RM31.0 million (4Q18: RM13.1 million), resulting in a strong RM77.7 million Group’s year-to-date pre-tax profit as compared to RM29.5 million recorded in the preceding year. The overall improved margin on the back of higher revenue registered by both the Engineering and Manufacturing sectors has been a driver contributing to the improved results for the current quarter and year-to-date.
Engineering Sector:
4Q19 Group revenue for the engineering sector has escalated by 2.9% to RM133.4 million compared to RM129.7 million in the preceding year fourth quarter. Gross Profit also increased by 80.2% from RM21.2 million to RM38.2 million, on the back of higher profit margin from the Steel Fabrication and Civil Construction divisions.
The Civil Construction division registered a growth in revenue of RM8.6 million, representing a 12.9% hike compared to the preceding year corresponding quarter due to higher progress billings from ongoing projects. Revenue for the quarter of RM75.5 million (4Q18: RM66.9 million) was derived from the on-going Pan Borneo Highway project (Phase 1 Works Package Contract–WPC-09) undertaken by the subsidiary Company i.e KKBWCT Joint Venture Sdn Bhd. The other contribution came from the two Construction projects secured during the year from Jabatan Bekalan Air Luar Bandar Sarawak for the Design, Construction, Completion, Testing and Commissioning of Proposed Package SR1 (Southern Region) and the Construction and Completion of 900mm Nominal Diameter MSCL Pipeline and All Associated Works from Summer Mall Junction to Existing Tambirat BPS, Samarahan Division (Package 1C) implemented under the Sarawak Water Supply Grid Programme.
Manufacturing Sector:
Group revenue for the manufacturing sector improved by 76.6% to RM22.6 million, compared to RM12.8 million recorded in the preceding year fourth quarter. Steel Pipes Manufacturing division under the two subsidiary companies operated in Sarawak and Sabah, has improved tremendously. The supply of Steel Pipes to Jabatan Bekalan Air Luar Bandar Sarawak for the Sarawak Water Supply Grid Program and other ad-hoc customers in Kota Kinabalu, Sabah has enabled the Group to register revenue of RM20.3 million in 4Q19 compared to RM9.2 million in the preceding year corresponding quarter.
QoQ:
Lower sales registered by the Steel Fabrication division but offset by higher revenue from the Steel Pipes manufacturing division. Gross profit however increased to RM42.1 million in the current quarter (3Q19: RM30.9 million), with higher gross profit margin of 27.0% as compared to 18.7% reported in the preceding quarter. Despite lower revenue, current quarter’s Profit Before Tax of RM31.0 million was 7.6% higher compared to the preceding quarter of RM28.8 million, mainly due to improved margin from the Engineering sector.
Prospects:
The Group ended with strong earnings results for financial year ended 31 December 2019, supported by the on-going construction works for the development and upgrading of the Pan Borneo Highway project; Water related Construction projects including the supply, laying and commissioning of water pipes and other related infrastructure works implemented under the Sarawak Water Supply Grid Programme and Major Onshore fabrication jobs for the Oil & Gas facilities.
The demand for steel water pipes is expected to remain firm, buoyed by ongoing and upcoming water related infrastructure projects planned under the Sarawak Water Supply Grid Programme. In addition, the award of the PETRONAS Frame Agreement to OceanMight Sdn Bhd (KKB’s subsidiary), will open up more opportunities to OceanMight, being one of the few PETRONAS Licensed Yards in Malaysia to bid for contract works involving the Provision of Engineering, Procurement and Construction (“EPC”) of Fixed Offshore Structure works by Petroliam Nasional Bhd. The Frame Agreement is effective from 12 December 2018 and continues for a period of six (6) years, unless terminated earlier.
In January 2020, OceanMight has secured two new contracts; from Petronas Carigali Sdn Bhd and PTTEP Sarawak Oil Limited for the Provision of Engineering, Procurement, Construction, Installation and Commissioning of Wellhead Platforms Bakau and the Provision of Engineering, Construction and Commissioning of Pemanis Satellite Topside, respectively.
The Group is actively participating in new business opportunities in the Major Onshore Fabrication, be it domestic or international, in collaboration with OceanMight Sdn Bhd and other strategic partner(s) to increase its revenue base and earnings, with continued effort on prudent cost management and operational efficiency to remain robust and competitive.
With the existing contracts in hand and the Group’s diverse portfolio of businesses coupled with the healthy financial position, the Board remains optimistic that both its Engineering and Manufacturing sectors will perform favourably towards a sustainable growth for the financial year ending 2020, barring any unforeseen circumstances.
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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.
https://klse.i3investor.com/blogs/general/2020-05-02-story-h1506852605.jsp
James Ng
