这个月的投资绩效没有获得太大改善，年初至今的累积回酬为-22.59%；富时综指收在1,679.86点，首11个月下跌6.51%。月初备受各界关注的2019年财政预算案对马股冲击不大，不过接下来国际原油和棕油价格双双下滑、美国科技股重挫、第三季经济增长不如预期等负面消息下，即使美联储局暗示可能放缓升息，马股也无力重返1,700点。这个周末即将进行的20国峰会备受全球瞩目，如果中美能在贸易战的课题上达成共识，相信对马股走势会是很大的催化剂。
股息方面，这个月仅收到YTL Power的RM53.55股息，待领股息提高至RM1,372.25。
这个月并没有进行任何买卖交易。
11月出炉的公司业绩如下：
Matrix - FY19次季净利赚5294万，按年上升2.2%，按季上升5.6%，派息每股3.25仙
Liihen - FY18第三季净利赚1527万，按年下跌21.6%，按季上升18.4%；派息每股3.50仙
Hevea - FY18第三季净利赚317万，按年下跌55.8%，按季下跌24.9%；派息每股1.20仙
YTL Power - FY19首季净利赚1亿2628万，按年下跌4.7%，按季下跌38.9%；无派息
Favco - FY18第三季净利赚3008万，按年上升49.5%，按季上升314.8%；无派息
Johotin - FY18第三季净利赚1264万，按年上升56.5%，按季上升265.2%；派息每股1.50仙
Kimlun - FY18第三季净利赚1572万，按年上升10.5%，按季上升59.6%；无派息
整体来说企业盈利表现有进步是件好事，虽然股价一直在下滑，但也是因为受到外围众多负面因素的关系。反过来想，虽然目前马股持续颓势，不过若企业在生意或者盈利都有在增长，难道现在不是买进或者趁低加码的最佳时机吗？
KimLun has diversity of business location, it has business not only in peninsular, but also in east Malaysia and singapore. I think it has better resistant during current construction hard time. What do you think about this company?
ReplyDeleteI like Kimlun because of their business diversification, especially they are the pioneer of Tunnel Lining Segment in Malaysia. It is their biggest competitive edge once our country wishes to develop public infrastructure projects in the future.
DeleteI have been monitored this company since it was rm1.80, then up to rm2.xx and now rm1.18. What do you think its valuation right now, seemed attractive?
DeleteIf you check the construction & manufacturing total order books from FY2013 to FY2018, current orders balance is on the high side but today's share price is at the low side. Over these years, Kimlun's earning power is stronger (eg. GP margin is improving) and it is interesting that whether Kimlun's FY2019 result will be better than this year or not.
DeleteThe order book is high, but profit margin may not good as before, like MRT2 budget had been cut by government from mmc-gamuda before. This may impact indirectly to KimLun margin as well. The bright side is that it has business in sg, higher sg forex may mitigate a bit the margin pressure. What are the risks or threat may be faced by kimlun?
Deletehttp://www.theedgemarkets.com/article/kimlun-expects-earnings-growth-be-flat-fy18
DeleteThis article link may give you some idea to your question.
Among gadang, gkent and kimlun, what do you think about their competitive advantages, which will be outstanding?
DeleteGKent is specialised on rail engineering and metering division, Kimlun has the advantages on Tunnel Lining Segment while Gadang has the outstanding record for construction project in the past years, this is difficult to compare each other.
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