Wednesday, 15 May 2019

HARTALEGA最新季度财政报告


关于HARTALEGA最新出炉的季度财政报告，
由于业绩挺震撼的，
所以一堆人都写了分析文。

 如果你已经看了很多的分析文，
那么你不需要花时间再读下去了，
反正季度报告那么薄，
重点就那几个，
我写的肯定重复。

 尽管如此，
我还是坚持要写一份属于自己的，
原因嘛..........
方便以后要看回时容易找啊~

 话说当时季度报告一出炉后，
我就立刻点击来看，
看到营业额时挺兴奋的：

但越往下看兴奋的感觉就越消失，
甚至失落了起来.............

 接下来就赶紧去看管理层有什么解释：
就像一堆分析文里所指出的，
因为令吉兑美元的突然上涨，
导致公司措手不及，
无法及时把成本转嫁给客户。

 但最近Average selling price竞争惨不忍睹，
公司又能转嫁多少成本给客户呢？
综合全年来看的话，
营业额增加17.6%，
sales volume增加10.1%。

 其实看整年业绩是还好的.......

 目前Plant 5的12条生产线已经开跑10条：

 AMG方面还在等着FDA的批准：
等啊等..........
不知不觉就又等了一年..............

 公司也承认产量增长超过了需求的增长：


 公司的3个乐观因素：
1) 持续增长的手套需求
2) NGC的扩展
3) AMG的潜在成长。

 最后是人见人爱的股息：
这次每股只有1.9sen.....

 公司股票目前的价格是RM5左右，
从最高峰的RM7多到现在的RM5........
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 financial report


Since the latest financial result of HARTALEGA was quite shocking,
so a lot of people wrote analysis about it.

 THUS,
if you already read a lot of the analysis article about HARTALEGA lately,
then you don't need to waste your time to continue reading this.

 Since the quarter report only contained a few main points,
what I will be writing here definitely covered by other people too.

 Anyhow,
I still insist to write one myself.

 The reason??
It will be easier for me to find it back at the future,
better than being clueless and searching it anywhere.

 ANYWAY,
when the financial result was released,
I was very excited to look at the revenue:

But my excitement quickly faded away when I kept reading it.......................

 Here is the review by the management:
Just like all the other analysis articles pointed out,
since the sharp strengthening of ringgit happened in a short time,
so the Group was unable to pass the cost increase to the customers.

 I just wondering.......................
With the current situation of every glove company lowering down the ASP,
how much cost can HARTALEGA pass to customers??
If looking at the full 12 months,
the revenue grew by 17.6% and the sales volume increased by 10.1%.

 Seems good though.................

 Currently,
10 out of 12 production lines in Plant 5 has commissioned:

As for AMG,
still waiting for approval from FDA:
Another year has passed while waiting.........................

 The management also admitted that the capacity growth is ahead of demand growth:


 The 3 main reasons of HARTALEGA remaining optimistic:
1) Growing demand for gloves.
2) NGC expansion
3) Potential growth of AMG.

 Lastly,
the lovely dividend:
This time only 1.9sen per share...........

 The current shares price is around RM5,
the peak last time was RM7 something..........
For now is it a chance?? Or a trap??

 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

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Wednesday, 8 May 2019

AEONCR最新季度财政报告


今天来看一看AEONCR最新出炉的季度财政报告。

 特别是季报出炉后，
股价应声下跌，
所以更是值得一看：

嗯.....
业绩都挺漂亮的，
可是往下一看：

EPS少了................

 没办法，
因为过去一年太多人把ICULS换成母股：
股数足足多了大约25%，
盈利只进步了约18%，
那么EPS自然就少了。

 接下来看看管理层的发言：
简单地说，
生意量越做越大，
然后NPL从去年的2.33%降至2.04%。

 总的来说，
今年营业额增长10.6%，
盈利增长18.5%:
最后公司还说有信心维持业绩表现。

 还有就是公司所面对的官司：
果然打官司就是长期的抗战........

 最后当然是人见人爱的股息：

 这一次派出22.35sen，
比起去年的20sen，
算是有不错的增加了。

 以上就是这次AEONCR最新季报的简单分享，
想知道更详细的话，
欢迎自己去BURSA网站下载一份细读。

 总的来说，
AEONCR连年成长，
PE也不算是很高，
看起来似乎物有所值。

 但是............
缠绕着AEONCR的官司，
以及市场一直不给脸，
只肯给AEONCR低PE估值，
都是不利的因素。

 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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AEONCR latest quarter financial report


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

 Since the shares price of AEONCR dropped right after the release of the report,
so it is worthy to take a look:

Hmmm.....
The result looked quite good,
but:

EPS decreased...............

 No choice,
too many people transferred ICULS to mother shares last year:

The amount of shares increased by around 25%,
where the profit only grew by 18%,
of course the EPS will drop.

 Let's see the review by management:

Basically,
the business still growing,
and NPL reduced from 2.04% to 2.33%.

 Overall comparing with last year,
the revenue grew by 10.6%,
while the profit gew by 18.5%.
The management expects to be able to maintain the financial performance for this year.

 Also,
the lawsuit:
Lawsuit always a long term battle.................

 Lastly,
the lovely dividend:

This time is 22.35 sen per share,
can be considered as good since last year was 20sen per share.

 That's all for my simple review about AEONCR quarter report,
if you want to read the details,
feel free to download one from the BURSA website.

 Frankly speaking,
AEONCR kept growing every year,
and with a not so high PE,
seems like is worthy to invest.

 HOWEVER................
The lawsuit facing by AEONCR,
and the market don't want to give face,
only appraised AEONCR a low PE,
are some negative factors to be considered too.

 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

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Wednesday, 1 May 2019

我的2015年投资成绩


这个部落格，
不只是用来记录和写下现在的一切，
也是用来回顾我过去的投资，
所以今天就来写下我以前2015年的投资成绩，
也是我迈入投资的第5年。

 我在2015年1月1日的投资组合：
1)AEON
2)AEONCR
3)DLADY
4)NESTLE
5)PANAMY
6)PBBANK
7)LPI

 而我在2015年12月31日的投资组合：
1)AEON
2)AEONCR
3)DLADY
4)NESTLE
5)PANAMY
6)PBBANK
7)LPI

 当年的回酬：ROA=13.3%， ROE=21.6%。

 当年的回酬，
主要归功于DLADY从RM42.40涨到RM47.76，
PANAMY从RM18.50涨到RM24.28，
以及LPI从RM18.02涨到RM24.12。

 当年的表现也只能算是中规中矩而已，
但还好有是用SMF，
才能把回酬放大到20%以上。

 也因为这样，
才能令我在2014年一度跌到谷底的身家，
回到2013年的高峰。

 当年2015年，
我主要累积了两个公司的股票，
分别是在RM19.90到RM23.46之间所累积的PANAMY，
以及在RM45.98到RM48.50之间所累积的DLADY。

 依现在的股价看回来，
当时的我应该有赚到钱，
但是..................

 我有没有那个耐心持有到那么久呢？
这两家公司之后有没有为我赚到钱呢？
请看<<我的2016年投资成绩>>。
(迟点才会出炉。)

 感谢阅读。
2018年文章目录
2017年文章目录
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My investment return for year 2015


This blog is not only for writing and recording down what is happening now,
but also to review my past investment,
so today I will write down my investment return of year 2015,
which was the 5th year I started to invest.

 My investment portfolio at 1st January 2015:
1)AEON
2)AEONCR
3)DLADY
4)NESTLE
5)PANAMY
6)PBBANK
7)LPI
My investment portfolio at 31st December 2015:
1)AEON
2)AEONCR
3)DLADY
4)NESTLE
5)PANAMY
6)PBBANK
7)LPI

 My investment return for year 2015: ROA=13.3%, ROE=21.6%.

 The return mainly contributed by DLADY which rose from RM42.40 to RM47.76,
PANAMY from RM18.50 to RM24.28,
and LPI from RM18.02 to RM24.12.

 My investment return was just okay only,
luckily I used SMF,
so I was able to magnify my return until above 20%.

 Because of that,
my net worth again rose to the peak same like during year 2013,
after a struggling year at 2014.

 For year 2015,
I mainly accumulated shares of two companies.

 1st company is PANAMY which I accumulated between price RM19.90 to RM23.46,
also DLADY between RM45.98 to RM48.50.

 According to the shares price,
looks like I earn some money,
HOWEVER.............

 Did I have the patience to long term holding it until now?
Did these two companies earned money for me?
Please read <<My investment return for year 2016>> which will be out soon.

 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

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