Saturday, 30 March 2019

2019年1月~3月文章目录

每个月的最后一天都会做个目录，方便自己也方便大家~


2019年3月：
我的2019年第1季度投资回酬
AEON最新季度财政报告
HARTALEGA最新季度财政报告


2019年1月：
AEONCR最新季度财报


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List of articles of January~March 2019

I will make a list of articles every last day of the month,
so that is easier for me and for everyone to refer~

 March 2019:
My investment return for 1st quarter 2019
AEON latest quarter financial report
HARTALEGA latest quarter financial report

 January 2019:
AEONCR latest financial report
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Friday, 29 March 2019

我的2019年第一季度回酬成绩


2019年，
一下子就过去了四分之一。

 想想也是的，
今年头3个月都在与病痛搏斗中，
所以时间过得异常地块。

 不管怎样，
今年第一季度的回酬为ROA = -2.35%，ROE = -3.44%。

 接下来对比看看2019年头和3个月后的投资组合：
2019年一开始时，
我的投资组合如下：
1) AEONCR (31%)
2) HARTA (21%)
3) LPI (17%)
4) PANAMY (12%)
5) PBBANK (8%)
6) AEON (7%)
7) NESTLE (4%)

 3个月后，
变成了这个样子：
(变动挺大的，请大家做好心理准备。)
1) AEONCR (38%)
2) HARTA (33%)
3) LPI (17%)
4) NESTLE (5%)
5) TOPGLOV (5%)
6) PANAMY (2%)

 今次的负回酬，
主要是因为HARTA从RM6.14跌到RM4.63。
还好AEONCR从RM15.30涨到RM16.80，
不然回酬会更难看。

 看回组合对比，
就不难看得出我过去3个月的买卖痕迹。

 简单来说，
我卖光了AEON和PBBANK，
PANAMY也卖到只剩下一点点。

 今年的买进都是手套公司，
分别是在RM4.75-RM4.49之间买进的TOPGLOV，
然后从RM5.31开始买进，
结果越买越低，
上个星期甚至在RM4.55买进的HARTA。

 究竟这两家手套公司在未来会带我上天堂还是下地狱呢？
时间终将证明一切。

 在这里顺便写下历年的投资成绩：
2011 : ROE = +28.0%
2012 : ROE = +32.8%
2013 : ROE = +15.0%, ROA = +13.3% (开始使用SMF)
2014 : ROE =  -12.0%, ROA =  - 8.0%
2015 : ROE = +21.6%, ROA = +13.3%
2016 : ROE = +38.0%, ROA = +22.2%
2017 : ROE = +40.5%, ROA = +24.9%
2018 : ROE = +16.0%, ROA = +13.3%

 今年2019的口号就是“健健康康地投资”。

 去年被背痛折磨了2个月，
今年又因为别的身体部位发炎生脓，
被折磨了3个月，
甚至一度住院，
(好处是体重减了6公斤.....)
所以今年只想能够“健健康康地投资”就好了。

 刚好今年我都在买进跟保健行业有关的手套公司~

 投资就是自己思考，自己做决定。

 感谢阅读。

 2018年文章目录
2017年文章目录




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My investment return for 1st quarter 2019


In the blink of an eye,
a quarter of year 2019 already passed by.

 Well yeah....

 Since the first 3 months of this year I was fighting with a disease,
no wonder I felt like the time passed so fast.

 ANYWAY,
This year my 1st quarter return is ROA = -2.35%, ROE = -3.44%.

 Let's have a comparison between my investment portfolio at the start of year 2019 and now:
When year 2019 first started,
this was my investment portfolio:
1) AEONCR (31%)
2) HARTA (21%)
3) LPI (17%)
4) PANAMY (12%)
5) PBBANK (8%)
6) AEON (7%)
7) NESTLE (4%)

 After 3 months,
it became like this:
(Please be mentally prepared for the changes.)
1) AEONCR (38%)
2) HARTA (33%)
3) LPI (17%)
4) NESTLE (5%)
5) TOPGLOV (5%)
6) PANAMY (2%)

 The negative return was mostly contributed by HARTA which dropped from RM6.14 to RM4.63.
Luckily AEONCR rose from RM15.30 to RM16.80,
if not my negative return will be greater.

 You can find out my buying and selling for the past 3 months by comparing my investment portfolio at different timing.

 Well,
I sold all AEON and PBBANK shares,
even PANAMY shares I also sold most of it.

 This year I kept buying in glove companies only,
TOPGLOV between RM4.75-RM4.49,
and HARTA which I started to accumulate more at the price of RM5.31,
but it kept dropping and dropping,
and my last buying was at last week at the price of RM4.55.

 This two glove companies will bring me to heaven or hell??
Only the time will tell.

 Also,
hereby listing down my investment return for the past few years:
2011 : ROE = +28.0%
2012 : ROE = +32.8%
2013 : ROE = +15.0%, ROA = +13.3% (started using SMF)
2014 : ROE =  -12.0%, ROA =  - 8.0%
2015 : ROE = +21.6%, ROA = +13.3%
2016 : ROE = +38.0%, ROA = +22.2%
2017 : ROE = +40.5%, ROA = +24.9%
2018 : ROE = +16.0%, ROA = +13.3%

 For this year 2019,
my investment slogan will be "invest with a healthy body".

 Last year I had been torture by backache for 2 months,
this year another part of my body had serious inflammation and tortured me for 3 months,
even until I stayed hospital for few days,
(The good thing is my weight reduced by 6kg....)
so this year I only hope to "invest with a healthy body".

 Coincidentally this year I kept buying in health care related glove companies~

 Investment is about doing own thinking, making own decision.

 Thanks for reading.
I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.

List of articles of year 2018
List of articles of year 2017


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Sunday, 24 March 2019

AEON最新季度财政报告


今天想来看看AEON的最新季度财政报告。

 首先：

 营业额还算不错，
但Profit from operations跟去年比起来就少了一点......

 基本上第4季的盈利本来应该跟去年同一季差不多，
但因为去年同一季的Tax expense跟今年的比起来较高，
所以“看起来”盈利进步了很多~

 AEON的两大业务分别是Retail business和Property Management Services:
Retail方面，
因为营业额以及盈利率的进步，
所以表现得比去年好。

 Property Management Services方面，
营业额有上涨但盈利却下跌，
原因是较高的租金支出和折旧。

 管理层的展望：
公司觉得2019年会是充满挑战的一年。

 最后是人见人爱的股息：
每股4sen，
跟去年一样，
没有什么惊喜。

 以上就是关于AEON最新季度财政报告的一些要点，
如果想知道得更详细的话，
欢迎去Bursa网站下载一份后自己慢慢看~

 投资就是自己思考，自己做决定。

 在这里也顺便说一下，
当初开设这个部落格的其中一个主要目的，
就是把我以前在Investalks论坛里发表过的文章搬过来，
目前这个目的几乎已经完成。

 接下来这个部落格能做的，
就是每3个月做一次投资总结，
写写各家公司的季度报告，
然后偶尔有心得的话，才会写写新文。
(话说最近一直都没灵感写新文....-_-
长期投资就是来来去去都一样，没有新题材可以写。)

 不管怎样，
希望接下来都能够保持每个星期更新一次吧！

 感谢阅读。

 2018年文章目录
2017年文章目录


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AEON latest financial report


Today let's have a look at AEON latest financial report.

 First of all:

The revenue seems not bad,
but the Profit from operations was slightly less than previous year.....

 Basically the profit of the 4th quarter was almost same like previous year same quarter,
just that the Tax expenses at last year was higher,
that was why the latest profit felt like improved a lot~

 AEON business can be divided into 2 segments,
Retail business & Property Management Services:
For the Retail segment,
the performance was better than last year because of better revenue and margin.

 As for the Property management services segment,
the profit dropped despite that revenue improved,
because of higher rental expenses and depreciation.

 The prospects:
The company think that year 2019 is a challenging year.

 Lastly,
the lovely dividend:
4 sen per share,
no surprise, just same like previous year.

 That's all for the simple review of AEON latest financial report,
for more details,
feel free to go to Bursa website to download the financial report and have a read~

 Investment is about doing own thinking, making own decision.

 Oh yeah by the way,
one of the reasons I created this blog,
was to move the articles that I published at Investalks forum to here,
and this reason will soon be fulfilled.

 Thus for the future of this blog,
I can only do review of my own investment result every 3 months,
write some reviews on financial report of companies that I interested at,
and write some new articles whenever I have new idea~
(The problem is I don't have any new idea lately......-_-
The weakness of long term investment.... always the same things.... no new things to write.)

 Anyway,
hopefully I can maintain the frequency of updating the blog once per week!

 Thanks for reading.
I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.

List of articles of year 2018
List of articles of year 2017
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Sunday, 17 March 2019

HARTALEGA最新季度财政报告


这个部落格停止更新接近2个月之后，
我终于回来了~

 目前我的身体还不能算是完全康复，
但比起住院那时候，
已经算是好了很多。

 在这里非常感谢大家的关心。

 这段期间，
各家公司也陆陆续续地发布了最新的季度财政报告，
所以今天就先来看看Hartalega的好了。

 首先呢，
一开始看到营业额增加那么多，
我的心情是非常振奋的：

但越继续往下阅读，
振奋的心情也开始低落下来，
毕竟营业额增加那么多，
但税后盈利方面却只进步了一点点...................

 营业额增加方面，
管理层给的原因：
1) Nitrile手套需求增加
2) 更高的销售价格
3) 卖出的手套数量更多
上面提到一点要注意的，
就是nitrile成本提高了，
难怪盈利增长跟不上营业额的成长。

 然后：

跟前一季对比的话，
能源和维修成本提高，
以及一些税务上的支出，
导致盈利比前一季还低。

 公司对于未来的展望：
简单来说，
公司是认为手套的供需仍处于健康的平衡状态。

在8月开始运作的Plant 5已经开始让12条生产线中的6条开始运行，
Plant 6已经开始建设，
新的Plant 7会专注于一些客户特别设计要求的手套。

AMG手套方面，
还是有超过10个国家客户的订单，
几时才会超过20个呢？

FDA的批准仍在等待中：

不管怎样，
公司似乎很看好AMG手套未来的贡献。

  最后是人见人爱的股息：
依然是每股2.2sen。

 最近公司的股价也从高峰跌了很多，
究竟是危还是机呢？

 投资就是自己思考，自己做决定。

 感谢阅读。


2018年文章目录
2017年文章目录





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HARTALEGA latest quarter financial report


After nearly 2 months of not updating the blog,
finally I'm back~

 Now my body condition still not yet 100% recovered,
but don't worry,
I am definitely feeling better than the time when I was admitted into hospital.

 Thanks everyone for concerning about me.

 While I was resting last month,
most of the companies released their latest financial report,
so today we will have a look at HARTALEGA.
First of all,
I was very happy to see that the revenue increased a lot:


HOWEVER,
the more I read,
my excitement also kept dropping,
especially when the net profit only increased a little comparing with the growth of the revenue.........

 The reasons of revenue growth were basically:
1) Stronger demand for nitrile gloves
2) higher average selling price
3) growth in slaes volume


Seems like the increase in nitrile cost was one of the reasons why profit growth was lower than revenue growth.

 Also:

Comparing with previous quarter,
the profit dropped slightly because of higher energy and maintenance cost,
plus tax expense.

 The prospects:

 Basically,
the company think that the demand supply of gloves still in healthy balance.

 For Plant 5,
6 of the 12 production lines were started to commission.

 Construction of Plant 6 also started while Plant 7 will be catering to small orders of specialty products.

 As for the AMG,
until now still over 10 countries ordered it,
when only will be more than 20 countries??

 The company still waiting for approval from FDA:

Seems like the company has high expectation on AMG's future.

 Lastly,
the lovely dividend:
Still 2.2 sen per share.

 Recently the shares price of HARTALEGA dropped a lot,
is it a chance or danger?

 Investment is about doing own thinking, making own decision.

 Thanks for reading.


I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.

List of articles of year 2018
List of articles of year 2017
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