[SIME DARBY PROPERTY BERHAD：未开单销售保持在健康的15亿令吉，并有针对性地计划推出新产品。该公司的银行存款余额也达9.255亿令吉，而来自营运的可观现金流为1.205亿令吉，而其净负债比率仍然低至0.26倍]
森那美产业在本季录得税前盈利1,090万令吉及PATAMI为1,420万令吉。
物业发展：
房地产开发部门录得480万令吉的利润，而去年同期为7180万令吉。与上年同期相比，本季度表现较好的开发项目包括Elmina West，Subang Jaya City Centre，Ara Damansara和Nilai Utama township。一旦满足工业用地的收入确认标准，集团的工业部门的新城镇Kota Elmina将开始为集团的业绩做出贡献。
物业投资：
物业投资部门录得50万令吉的盈利，而去年同期为660万令吉。
休闲和款待：
休闲和酒店业务部门录得540万令吉的亏损，高于去年同期的480万令吉。上一年度亏损的海外酒店资产撤资后，由于没有发生运营费用，部分缓解了亏损。
QoQ：
森那美产业在本季录得税前盈利1,090万令吉及PATAMI为1,420万令吉。
物业发展：
房地产开发部门的表现从上一季度的利润1.183亿令吉大幅下降至本季度的480万令吉。
物业投资：
房地产投资部门录得50万令吉盈利，上一季度则亏损390万令吉。业绩改善归因于设施及资产管理服务的贡献增加以及KL East Mall开业前的支出减少。
休闲和款待：
休闲与招待业录得540万令吉的亏损，较上季的1,130万令吉减少。业绩好转主要是由于TPC，KL的维护和其他费用与上一季度相比有所减少。
前景：
大规模的财政刺激措施（相当于GDP的2％）以及今年第4次将隔夜政策利率降低，使基准利率降至1.75％，可能会部分缓解对房地产行业的影响。预计这些政策行动将支持国内经济活动。
该公司今年的当务之急将是现金流量管理，积极的营销和销售活动，库存管理以及降低成本。公司将优先考虑为利益相关者创造价值的关键项目，并专注于推出具有价格竞争力的产品，以满足客户的需求。
为配合政府逐步取消MCO，该公司正处于施工阶段。施工现场将按照相关法规要求分阶段激活。已采用严格的操作准则，包括社交疏离，以确保无缝操作。作为领先的行业参与者，该公司将与住房和地方政府部以及其他相关机构合作，共同解决行业事务，包括确保为正在进行的项目延长时间（EOT）以便能移交。
展望未来，公司将简化其工作，以促进正确的产品发布以及改进流程和系统。这将使公司变得更加敏捷和适应性强，以应对当前时代的快速挑战。
该公司还将把重点放在优先领域上，以期在2020年有所作为，特别是增强其表现。一旦情况更加明朗，Sime Darby Property将继续监视局势，并将修改其财务目标，包括宣布最新的销售预估。
在风雨中，公司对其财务状况仍然充满信心，这要归功于其良好的业绩记录和稳健的资产负债表。截至2020年3月31日，未开单销售保持在健康的15亿令吉，并有针对性地计划推出新产品。该公司的银行存款余额也达9.255亿令吉，而来自营运的可观现金流为1.205亿令吉，而其净负债比率仍然低至0.26倍。
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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 RM3.44 (dividend RM0.04) in 1 year 11 months 11 days, total return is 386.7%
b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM52.24 (adjusted)(dividend RM0.52) in 2 Years 22 days, total return is 334.6%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM5.70 (adjusted)(dividend RM0.055) in 1 Year 1 month 21 days, total return is 244.6%
d) OPENSYS (OPENSYS M BHD), recommended on 24 May 20, initial price was RM0.355, rose to RM0.77 (dividend RM0.0025) in 1 month 29 days , total return is 117.6%
e) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.66 (dividend RM0.04) in 2 Years 22 days, total return is 113.8%
f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.10 (dividend RM0.188) in 1 Year 9 months 16 days, total return is 43.9%
g) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.815 in 1 year 6 months 3 days, total return is 41.7%
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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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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[SIME DARBY PROPERTY BERHAD: unbilled sales in hand remained at a healthy RM1.5 billion, coupled with a targeted pipeline of new launches. The Company’s bank balances also stood at RM925.5 million with solid cashflow from operations at RM120.5 million, while its net gearing ratio remained low at 0.26x]
The Group recorded profit before tax of RM10.9 million and PATAMI of RM14.2 million for the current quarter.
Property development:
Property development segment recorded a profit of RM4.8 million as compared to RM71.8 million in the corresponding period. Development projects that performed better in the current quarter as compared to the corresponding period of the previous year include Elmina West, Subang Jaya City Centre, Ara Damansara and Nilai Utama township. Kota Elmina, the Group’s new township for industrial sub-segment, will commence to contribute to the Group’s result once the revenue recognition criteria for the industrial lots are fulfilled.
Property investment:
Property investment segment registered a profit of RM0.5 million as compared to RM6.6 million in the corresponding period of the previous year.
Leisure and hospitality:
Leisure and hospitality segment registered a higher loss of RM5.4 million as compared to RM4.8 million of the same quarter last year. Results were partially mitigated by the non-occurrence of operational overheads following the divestment of the loss-making overseas hospitality assets in the previous year.
QoQ:
The Group recorded profit before tax of RM10.9 million and a PATAMI of RM14.2 million for the current quarter.
Property development:
The performance of property development segment declined significantly from a profit of RM118.3 million in the preceding quarter to RM4.8 million in current quarter.
Property investment:
Property investment segment registered a profit of RM0.5 million as compared to a loss of RM3.9 million in the preceding quarter. The improvement in performance were attributable to higher contribution from facilities and asset management services and lower pre-opening expenditure of KL East Mall.
Leisure and hospitality:
Leisure and hospitality recorded lower loss of RM5.4 million as compared to RM11.3 million in the preceding quarter. The improved results were mainly due to lower maintenance and other expenses incurred by TPC, KL compared to the preceding quarter.
Prospects:
The impact to the property sector may be partially cushioned by the massive fiscal stimulus amounting to 2% of GDP and the reduction of the Overnight Policy Rate for the fourth time this year, bringing the benchmark interest rate to 1.75%. These policy actions are expected to support the domestic economic activities.
The Company’s immediate priorities for the year will be on cashflow management, active marketing and sales campaigns, inventory management, and cost reduction. The Company will prioritise key projects that deliver value to the stakeholders and focus on launching products that are priced competitively, in meeting customers’ needs.
In line with the Government’s incremental lifting of the MCO, the Company is in the midst of commencing construction works. Construction sites will be activated in phases, in compliance with relevant regulatory requirements. Strict operating guidelines including the social distancing etiquette have been adopted to ensure seamless operations. The Company, as a leading industry player will work in tandem with Ministry of Housing & Local Government as well as other relevant agencies on industry matters, including the securing of Extension of Time (EOT) for the handover of ongoing projects.
Moving forward, the Company will streamline its efforts to promote the right product launches as well as improve on processes and systems. This would enable the Company to become more agile and adaptable to respond to the fast-paced challenges of these current times.
The Company will also prioritise its area of focus to what will make a difference for 2020, in particular strengthening its resilience. Sime Darby Property will continue to monitor the situation and will revise its financial targets, including announcement of latest sales estimates, once there is more clarity of the situation.
In weathering the storm, the Company remains confident in its financial position, as reflected by its strong track record and a robust balance sheet. As at 31 March 2020, unbilled sales in hand remained at a healthy RM1.5 billion, coupled with a targeted pipeline of new launches. The Company’s bank balances also stood at RM925.5 million with solid cashflow from operations at RM120.5 million, while its net gearing ratio remained low at 0.26x.
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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/2020-07-24-story-h1510719612.jsp
