[EG INDUSTRIES BHD，面临整体宏观经济的持续挑战，原材料价格上涨，电子元件短缺导致交货时间延长及美元兑马来西亚令吉的波动]

尽管销售收入增加，但由于以下原因，EG工业本季度的税前利润由去年同期的600万令吉减少28.9％或180万令吉至420万令吉：

（i）美元对马来西亚令吉的疲软，导致产品利润率下降;

（ii）由机械基础扩大引起的较高折旧费用，而机械装置未以最大容量水平运作;

（iii）由于较长的材料交付时间导致销量增长放缓，影响产量增加及推出新产品模型的时间;

（iv）获得现货购买组件的运费较高的内部成本。

截至目前财政期间，EG工业录得收入7.585亿令吉，较去年同期的7.475亿令吉增加1.5％，主要是由于现有消费电子产品的销量增加，部分被数据存储产品销量下降所抵消。

EG工业的税前利润由去年同期的2170万令吉减少24.1％或520万令吉至1,650万令吉，原因是公司行使费用导致管理费用增加，导致海量数据存储产品销量下降（2017年11月由现有数据存储客户更改具有较小组件的新复杂产品模型）以及上述原因。

对上一季度的变化：
收入的增加主要是由于现有数据存储客户的小型组件的新复杂产品模型的生产恢复，但被由于季节性周期效应导致的消费电子产品销售量的减少所抵消。然而，EG工业本季度的税前利润从上一季度的460万令吉降至420万令吉。税前利润减少主要是由于利润率较高的消费电子产品销量下降，美元对马来西亚令吉的疲软以及资本基础扩大导致的折旧费用增加。

前景：
进入2018财政年度最后一个财政季度，EG工业预计将面临整体宏观经济的持续挑战，例如原材料价格上涨以及由于全球电子元件短缺导致交货时间延长及美元兑马来西亚令吉的波动。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.77 in 1 month 9 days, total return is 27.6%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.905 in 1 month 16 days, total return is 13.8%

3) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.755 in 5 days, total return is 5.6%

4) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.45 in 1 month 16 days, total return is 3.6%

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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[EG INDUSTRIES BHD, continue challenges on the overall macro economy, increase of raw material pricing and longer delivery lead-time due to global shortage of passive electronic components and fluctuation of US Dollar against Malaysia Ringgit]

Despite the increase in sales revenue, the Group’s profit before tax for the current quarter decreased by 28.9% or RM1.8 million to RM4.2 million from RM6.0 million in previous year corresponding quarter due to following reasons:

(i) weakening of US Dollar against Malaysia Ringgit which translated into lower product margin;

(ii) higher depreciation costs arising from enlarged machinery base which the machineries were not operating at maximum capacity level;

(iii) slower growth in sales volume due to long material lead-time which affected the ramp up of production volume and period to launch new product model;

(iv) higher freight inward cost to obtain spot buy components.

For the current financial period-to-date, the Group recorded revenue of RM758.5 million, an increase of 1.5% as compared to RM747.5 million the last year corresponding period which mainly attributed to higher sales volumes from existing consumer electronics products, partially offset by the decrease in sales volumes of data storage products.

The Group’s profit before tax decreased by 24.1% or RM5.2 million to RM16.5 million from RM21.7 million in previous year corresponding period due to higher administrative expenses arising from corporate exercise expenses, lower sales volume of mass data storage products which resulted from change of a new complex product model with smaller components by its existing data storage customer in the month of November 2017 and reasons as mentioned above.

Variation of Results against Preceding Quarter:
The increase in revenue was mainly driven by resume of production of new complex product model with small components by existing data storage customer, offset by the decrease in sales volume of consumer electronics products due to seasonal cycle effect. However, the Group’s profit before tax in the current quarter decreased to RM4.2 million from RM4.6 million in the immediate preceding quarter. The decrease in profit before tax was mainly due to decrease in sales volume of higher margin consumer electronics products, weakening of US Dollar against Malaysia Ringgit and higher depreciation expenses incurred from enlarged capital base.

Prospects:
Moving into last quarter financial year 2018, the Group expects to face continue challenges on the overall macro economy such as increase of raw material pricing and longer delivery lead-time due to global shortage of passive electronic components and fluctuation of US Dollar against Malaysia Ringgit.
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James Ng Stock Pick Performance:
Since Recommended Return:

1) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.77 in 1 month 9 days, total return is 27.6%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.905 in 1 month 16 days, total return is 13.8%

3) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.755 in 5 days, total return is 5.6%

4) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.45 in 1 month 16 days, total return is 3.6%

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