[ATLAN HOLDINGS BHD，经营环境仍将充满挑战]

（a）与上一个财政年度的相应季度相比，本季度的免税部门收入下降。下降主要是由于全球市场上某些热门产品的供应短缺，因此影响了益联控股的收益表现。

（b）本季度汽车业务的收入高于去年同期，主要是由于客户订单增加所致。

（c）由于入住率较低，本季度房地产和酒店业务收入较上年同期下降。

（d）就投资控股部门而言，本季度及去年相应季度并无收取任何股息收入。

（e）其他部门的收益主要与益联控股相关公司的利息收入及管理费有关，而该等公司已于集团层面予以抵销。

细分结果：
（a）免税部门本季度的利润较上年同期较低，主要原因是上述收入减少，捐款300万令吉以及无收益期权价值相当于上一年同期的600万令吉。

（b）在汽车业务中，本季度的利润与上年同期相比有所增加，主要是由于收入增加以及原材料利用率提高导致毛利率提高。

（c）在物业及酒店业务中，本季度的利润低于上年同期，主要是由于上述收入减少以及营业支出增加。

（d）投资控股部门本季度有利润，而上一财政年度相应季度则是亏损。

（e）在其他部门，本季度的亏损低于上一财政年度的相应季度，主要是由于营运开支减少。

本季度的税前利润较4QFY2018结束的上一季度的3800万令吉降低至1,660万令吉，主要是由于这季度收入减少约23.7％并且没有出现上一季度的逆转提供担保（1,490万令吉）。

前景：
鉴于目前的经济状况及马来西亚令吉对外币的波动性，益联控股预期其经营环境仍将充满挑战。
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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％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。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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(a) Duty free segment recorded a drop in revenue in current quarter as compared to the corresponding quarter of the previous financial year. The drop was largely due to shortage of supply of certain popular products in the global market, and accordingly had affected the revenue performance of the Group.

(b) The revenue from the Automotive segment in this current quarter under review was higher than the corresponding quarter of the previous year mainly due to higher orders received from its customers.

(c) Lower revenue reported from Property and hospitality segment in the current quarter compared to the corresponding quarter of the previous year as a result of lower occupancy rate.

(d) For the Investment holding segment, no dividend income received in the current quarter as well as the corresponding quarter of the previous year.

(e) The revenue of the Others segment mainly relates to interest income and management fee from related companies in the Group which were eliminated at Group level.

Segment Results:
(a) Duty free segment reported lower profit in this current quarter under review as compared to the corresponding quarter of the previous year mainly due to lower revenue as mentioned above, donation of RM3.0 million and the absence of gain arising from changes in fair value of options amounting to RM6.0 million as compared to the corresponding quarter of the previous year.

(b) In the Automotive segment, higher profit was registered in the current quarter as compared to the corresponding quarter of the previous year mainly due to higher revenue and improved gross margin arising from better utilisation of raw materials.

(c) In the Property and hospitality segment, the profit for the current quarter was lower than corresponding quarter of the previous year mainly due to lower revenue as mentioned above coupled with higher operating expenditure.

(d) Investment holding segment reported a profit in current quarter as compared to a loss incurred in the corresponding quarter of previous financial year.

(e) In the Others segment, the losses in the current quarter was lower than corresponding quarter of the previous financial year mainly due to lower operating expenses.

The profit before taxation for the quarter under review was lower at RM16.6 million as compared to the preceding quarter ended 28 February 2018 of RM38.0 million mainly due to decrease in revenue of approximately 23.7% as compared to 4QFY2018 and the absence of reversal of provision of guarantees, RM14.9 million compared to the immediate preceding quarter.

Prospects:
Given the prevailing economic conditions and the volatility of Ringgit Malaysia against foreign currencies, the Group expects its operating environment to remain challenging.
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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 https://web.facebook.com/jamesshareinvest/

Final decision is always yours, thank you.

James Ng