[UNITED U-LI CORP BHD：FY19产生的收入降低，所售商品实现的利润率降低，折旧/摊销成本增加以及净外汇损失增加]
YTD19 vs YTD18:
截至2019年12月31日止期间，友谊机构的税前利润较低，为140.1万令吉，而去年同期为668.3万令吉。
电缆支撑系统：
税前利润为359万令吉，较去年同期的644.1万令吉有所下降。
电气照明及配件：
该部门的税前亏损为169.7万令吉，而去年同期的税前利润为88.3万令吉。
4Q19 vs 4Q18：
截至2019年12月31日止的本季，友谊机构的除税前溢利较高为224.3万令吉，而去年同期为144.1万令吉，主要是由于在此期间产生的更高收入，较低的劳工成本和较低的行政开支。
截至2019年12月31日止的本季收入为5301.5万令吉，比上一季度的4842.6万令吉高，这主要是尽管市场疲软，但电缆支撑系统部和电气照明及配件部的收入贡献更大。
电缆支撑系统：
截至2019年12月31日的本季度，该业务部门录得4176.2万令吉的收入，较上个同期的3810.6万令吉增加，相对增长了9.6％。本季的税前盈利为138万令吉，较上一同期的141.8万令吉略有下降。
电气照明及配件：
截至2019年12月31日的当前季度，该业务部门的收入为1123.5万令吉，较上一季度的1032万令吉高出9％。在本季度，该部门的税前利润为86.6万令吉，而去年同期为5.4万令吉。这主要是由于在本季度中产生了更高的收入，更低的人工成本，更低的管理费用以及更低的折旧/摊销费用。
4Q19 vs 3Q19：
这季友谊机构的除税前盈利为224.3万令吉，上一季度则为27.5万令吉。除税前溢利增加主要是由于产生的收入增加，所售商品的利润率提高，外汇损失减少以及行政费用减少。
前景：
友谊机构预计，2020年的前景将充满挑战，但随着各种主要基础设施项目的复苏，前景仍然乐观。国内对他们的电缆支撑系统以及电子照明和配件产品的需求将继续增长，而出口市场的前景预计将保持稳定，尤其是在东盟国家。友谊机构将继续努力，以进一步改善产品质量来满足客户需求，同时保持高效的运营。
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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 RM2.43 (dividend RM0.04) in 1 year 9 months 17 days, total return is 245.5%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.76 (dividend RM0.04) in 1 year 10 months 26 days, total return is 126.4%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.65 (adjusted)(dividend RM0.055) in 11 months 25 days, total return is 121.9%
d) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM26.60 (adjusted)(dividend RM0.32) in 1 Year 10 months 28 days, total return is 121.7%
e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.61 (dividend RM0.148) in 1 Year 7 months 21 days, total return is 73.5%
f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.88 in 1 year 4 months 9 days, total return is 53%
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。
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James Ng
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[UNITED U-LI CORP BHD: FY19 lower revenue generated, lower profit margin achieved on goods sold, higher depreciation/amortisation costs and higher net forex losses]
YTD19 vs YTD18:
The Group registered a lower profit before taxation of RM1.401 million for the period ended 31 December 2019 as compared to RM6.683 million in the previous corresponding period.
Cable Support Systems:
Profit before taxation of RM3.590 million was lower as compared to RM6.441 million in the previous corresponding period.
Electrical Lighting and Fittings:
This segment registered a loss before taxation of RM1.697 million as compared to profit before taxation of RM0.883 million in the previous corresponding period.
4Q19 vs 4Q18:
The Group made a higher profit before taxation for the current quarter ended 31 December 2019 of RM2.243 million as compared to RM1.441 million in the previous corresponding quarter, mainly due to higher revenue generated, lower labour cost and lower administrative expenses during the quarter under review.
The Group’s revenue for the current quarter ended 31 December 2019 of RM53.015 million was higher than the previous corresponding quarter of RM48.426 million, mainly due to higher revenue contribution from both Cable Support Systems division and Electrical Lighting & Fittings division despite softer market conditions.
Cable Support Systems:
For the current quarter ended 31 December 2019, this business segment registered a higher revenue of RM41.762 million as compared to RM38.106 million in the previous corresponding quarter, an increase of 9.6% comparatively. Profit before taxation for the current quarter of RM1.380 million was marginally lower as compared to RM1.418 million in the previous corresponding quarter.
Electrical Lighting & Fittings:
For the current quarter ended 31 December 2019, this business segment registered a higher revenue of RM11.253 million as compared to RM10.320 million in the previous corresponding quarter, an increase of 9.0% comparatively. For the current quarter, this division made a higher profit before taxation of RM0.866 million as compared to RM0.054 million in the previous corresponding quarter. This is mainly due to higher revenue generated, lower labour cost, lower administrative expenses and lower depreciation/amortisation costs during the quarter under review.
4Q19 vs 3Q19:
For the quarter under review, the Group had a profit before taxation of RM2.243 million as compared to RM0.275 million in the preceding quarter. The increase in profit before taxation is mainly due to higher revenue generated, better profit margin achieved on goods sold, lower forex losses and lower administrative expenses during the quarter under review.
Prospects:
The Group anticipates that the outlook in 2020 to be extremely challenging but still remains positive with the expected revival of various major infrastructure projects. Domestic demand for their Cable Support Systems and Electrical Lighting and Fittings products will continue to grow while the outlook for export market is expected to be stable especially in ASEAN countries. The Group will continue its efforts to further improve on product quality and customers’ needs while maintaining efficient operations.
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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/2020-05-31-story-h1507924159.jsp
