[V.S INDUSTRY BHD，美元/令吉外汇汇率波动及可能影响营运成本的法规变动]

就本季度而言，同期税前利润减少59.3％或4140万令吉至2840万令吉。截至2018年4月30日止九个月期间，税前利润为1.513亿令吉，同期下跌14.0％或2,450万令吉。本季度和累计期间的盈利减少主要是由于原材料价格上涨以及劳动力成本和净外汇损失导致毛利率下降。

马来西亚部门：
同期税前利润较低主要是由于美国客户在停止生产某些已达到产品计划生命周期结束时的产品后的收益贡献大幅减少。同时，其他因素，例如尚未达到预期水平的箱式装配线的运营效率，与即将到来的新生产线相关的设置和测试成本以及较高的劳动力成本影响了毛利率。对于累计季度，尽管主要客户的销售订单增加，马来西亚部门的税前利润仍然较低，主要原因是上述类似原因。

印尼部门：
本季度所产生的税前亏损是由于产能利用不足造成的。

中国部门：
由于销售订单减少，中国部门本季度收入下降。因此，利润下降与收入下降一致。在累计季度，由于销售下降，原材料成本和劳动力成本增加以及竞争性经营环境降低了向客户传递成本的能力，中国部门的税前利润下降。

就本季度而言，威铖录得较低的除税前溢利2840万令吉，而上一季则为6,850万令吉，主要由于较低收入的8.798亿令吉（减少2.335亿令吉或与前一季度相比减少21.0％）。减少收入和利润的关键因素是美国客户在停止生产某些已达到产品生命周期结束的产品后的销售订单下降。

前景：
威铖认识到宏观环境层面的挑战，包括美元/令吉外汇汇率波动及可能影响营运成本的法规变动。
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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％

我想说服那些读者学习基本面分析FA以便能从股市赚钱。

我为那些想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。那些想订阅我的邮件以从股票市场获取良好回报的人，可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系

最终决定永远是你的，谢谢。

James Ng
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For the current quarter under review, profit before tax decreased 59.3% or RM41.4 million to RM28.4 million over the same period. For the nine months period ended 30 April 2018, profit before tax stood at RM151.3 million, a decline of 14.0% or RM24.5 million over the same period. The reduced earnings for the current quarter and cumulative period was mainly attributable to lower gross margin caused by higher raw material prices as well as labour costs, and net foreign exchange loss.

Malaysia segment:
The lower profit before tax over the same period was largely owing to significant reduction in earnings contribution from the US customer following the planned cessation of production for certain models that had reached end of product lifecycle. Meanwhile, other factors such as operational efficiency for the box-built assembly lines that has yet to achieve desired level, set-up and testing costs associated with an upcoming new production line and higher labour costs affected the gross profit margin. For the cumulative quarters, Malaysia segment recorded lower profit before tax despite higher sales orders from key customers, largely owing to similar reasons mentioned above.

Indonesia segment:
The loss before tax incurred for the quarter under review was attributed to underutilisation of production capacity.

China segment:
China segment recorded lower revenue for the current quarter as a result of lower sales orders completed. Consequently, lower profit was recorded in line with the decline in revenue. For the cumulative quarters, China segment registered lower profit before tax on the back of lower sales, increase in raw material costs and labour costs, and coupled with competitive operating environment which reduced the ability to pass-through costs to customers.

For the current quarter under review, the Group recorded a lower profit before tax of RM28.4 million as compared to RM68.5 million in the preceding quarter mainly due to lower revenue of RM879.8 million, a decrease of RM233.5 million or 21.0% as compared to the immediate preceding quarter. Key factor behind the reduction in revenue and profit was the drop in sales orders from a US customer following the planned discontinuation of certain products that had reached its end of product lifecycle.

Prospects:
The Group is cognizant of the challenges at the macro-environment level, which include fluctuations in USD/RM foreign exchange rate and changes in regulations which may impact operating costs.
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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 those readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for those 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 https://web.facebook.com/jamesshareinvest/

Final decision is always yours, thank you.

James Ng