[MBM RESOURCES BHD：受益于零税率商品及服务税，由于消费者喜欢较低的汽车价格，销售趋势将持续至第三季度，预期汽车贸易部的表现将维持未来几个季度]

-集团的收入增长22.1％，主要是由于商品及服务税取消推动汽车销售增加
-他们的合资企业的贡献也有所改善
-因此，本季度的税前利润增长了118.0％至4320万令吉

2Q18与2Q17相比：
本季度，这集团的收入较上一季度增加8,940万令吉或22.1％至4亿9,330万令吉。由于所有部门的销售额增加以及联营公司和合资企业的利润增加，PBT增加了2,340万令吉或118.0％至4,320万令吉。

由于销售额和外汇收益增加，集团在其合资企业中的业绩份额增加了310万令吉或236.9％，收于440万令吉。这集团应占联营公司业绩较上一季度增加1,600万令吉或69.0％，收益为3,920万令吉。

汽车交易：
本季度的收入较同期增加了8,850万令吉或25.2％至4亿3960万令吉。所有车型的需求都有所增加，尤其是他们的Perodua和大众车型由于免GST定价所带来的销售额提升。因此，PBT较上一季度高出220万令吉或51.4％，收于650万令吉。

汽车零件制造：
本季度收入较上一季度略微增加了90万令吉或1.7％至5340万令吉，主要是由于产品组合和对合金车轮的需求增加。该部门的税前亏损为400万令吉，与相应季度的税前亏损450万令吉相比，增加了50万令吉或12.0％。由于模块化装配厂的利润略有改善，因此改善了亏损。

2Q18 vs 1Q18：
这集团的收入较上一季度增加2990万令吉或6.4％，由汽车交易部门销售额增加所推动。本季度的PBT为4,320万令吉，增加400万令吉或10.1％。合资公司业绩的份额也增加了110万令吉或31.2％，而联营公司业绩的份额则增加了240万令吉或6.6％。

汽车交易：
本季度的收入较上一季度增加了3990万令吉或10.0％。随着收入增加，该部门的PBT也比上一季度增加了130万令吉或24.4％，收于PBT 650万令吉。所有汽车的销量增加，推动了更高的PBT。

汽车零件制造：
由于收入较低，税前亏损400万令吉，略高了20万令吉或4.6％。

前景：
这集团第二季度的汽车销售受益于2018年6月1日实施的零税率商品及服务税。由于消费者喜欢较低的汽车价格，销售趋势将持续至第三季度。整体而言，这集团预期其汽车贸易部的表现将维持未来几个季度。

同样对于汽车零部件制造部门，这集团预计第三季度某些OEM客户的需求会有所改善，尽管这种积极影响可能会受到汽车制造商的生产能力和交付周期的限制。在合金车轮厂，管理层将继续专注于生产效率和提高销量。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.85 in 1 month 9 day, total return is 18.9%

2) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.54 in 2 months 13 days, total return is 17.1%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.89 in 2 month 20 days, total return is 11.9%

4) PMETAL (PRESS METAL ALUMINIUM HOLDINGS BHD), recommended on 26 Aug 18, initial price was RM4.78, rose to RM5.03 (dividend RM0.015) in 26 days, total return is 5.5%

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

【看懂年报和季报】课程
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日期：10月7日星期日
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日期：10月14日星期日
地点：George Town (Penang)

日期：10月21日星期日
地点：M Hotels (Kuching)

日期：10月28日星期日
地点：Johor Bahru

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

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最终决定永远是你的，谢谢。

James Ng
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[MBM RESOURCES BHD: benefited from zero-rated GST, improved sales trend will continue into third quarter with consumers taking advantage of lower vehicle pricing, expect the performance in its Motor Trading Division to maintain for the coming quarters]

-The Group's revenue increased by 22.1% mainly due to the GST holiday which boosted higher car sales
-Contribution from their joint venture and associates also improved
-As a result, profit before tax for the quarter was higher by 118.0% to RM43.2 million

2Q18 compared with 2Q17:
For the current quarter, the Group's revenue improved by RM89.4 million or 22.1% to RM493.3 million against the corresponding quarter. PBT increased by RM23.4 million or 118.0% to close at RM43.2 million due to improved sales from all Divisions as well as higher profits from both the associates and joint venture entity.

The Group's share of results in it's joint venture improved by RM3.1 million or 236.9% to close at RM4.4 million due to higher sales and foreign currency gains. The Group's share of associates' results increased by RM16.0 million or 69.0% against the corresponding quarter to close at RM39.2 million.

Motor Trading:
Revenue for the current quarter increased by RM88.5 million or 25.2% to RM439.6 million against the corresponding period. The improved performance is driven by higher demand for all models especially their Perodua and Volkswagen models resulting from the GST-free pricing. Consequently, PBT was higher by RM2.2 million or 51.4% to close at RM6.5 million compared to the corresponding quarter.

Auto Parts Manufacturing:
Revenue for the quarter increased marginally by RM0.9 million or 1.7% to RM53.4 million against the corresponding quarter mainly due to product mix and higher demand for alloy wheels. The Division closed at a loss before tax of RM4.0 million, an improvement of RM0.5 million or 12.0% as compared to the corresponding quarter's loss before tax of RM4.5 million. The improvement came on the back of slightly improved margin from the modular assembly plant.

2Q18 against 1Q18:
Revenue for the Group was higher against the preceding quarter by RM29.9 million or 6.4% driven by higher sales from the Motor Trading Division. PBT for the quarter was RM43.2 million, an improvement of RM4.0 million or 10.1%. The share of the joint venture's results also increase by RM1.1 million or 31.2%, whereas the share of associates' results contributed to the increase at RM2.4 million or 6.6%.

Motor Trading:
The revenue for the current quarter was higher by RM39.9 million or 10.0% against the preceding quarter. In tandem with the higher revenue, the Division's PBT was also higher against the preceding quarter by RM1.3 million or 24.4% to close at a PBT of RM6.5 million. The higher performance was contributed by higher volume coming from all vehicle sales.

Auto Parts Manufacturing:
With the lower revenue, the loss before tax of RM4.0 million was marginally higher by RM0.2 million or 4.6%.

Prospects:
The Group's vehicle sales in the second quarter have benefited from the zero-rated GST effective 1 June 2018. The improved sales trend will continue into third quarter with consumers taking advantage of the lower vehicle pricing. Overall, the Group expects the performance in its Motor Trading Division to maintain for the coming quarters.

Likewise for the Auto Parts Manufacturing Division, the Group anticipates improvements in demand from certain OEM customers in the third quarter although this positive effect is likely to be limited by the car makers' production capacity and lead time. At the alloy wheel plant, the Management will remain focus on production efficiency and improving sales volume.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.85 in 1 month 9 day, total return is 18.9%

2) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.54 in 2 months 13 days, total return is 17.1%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.89 in 2 month 20 days, total return is 11.9%

4) PMETAL (PRESS METAL ALUMINIUM HOLDINGS BHD), recommended on 26 Aug 18, initial price was RM4.78, rose to RM5.03 (dividend RM0.015) in 26 days, total return is 5.5%

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/

In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://klse.i3investor.com/blogs/general/174563.jsp by date.

James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/

James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp

Facebook Group: https://www.facebook.com/groups/jamesinvesting

If you want to join my WhatsApp group (there will be no James Ng's stock pick inside), please PM or email me your handphone number.

Final decision is always yours, thank you.

James Ng