[JOHORE TIN BHD：市场竞争日益激烈，罐头制造业仍将面临挑战，原材料价格出现波动，全球经济存在不确定性]

2Q18 vs 2Q17:
柔佛珍第二季度的营业收入为1.1558亿令吉，税前利润为575万令吉，而去年同期则为1.2341亿令吉，而税前利润则为874万令吉。与去年第二季度相比，收入分别减少了783万令吉，税前利润减少了299万令吉。

就罐头制造业而言，本季度的利润由去年同期的413万令吉的税前利润轻微减少33,000令吉至410万令吉。

对于餐饮业务，收入从9,863万令吉减少838万令吉至9,025万令吉，主要是由于本季度马来西亚令吉（RM）兑美元汇率较强（对比2017年相应季度），加上乳制品销售额下降。税前溢利本季度由510万令吉减少二百九十四万令吉至216万令吉，主要由于本季度经营成本上升及外汇利率不利所致。

YTD18 vs YTD17：
截至2018年6月30日止6个月，柔佛珍收入为2.1954亿令吉及税前利润为1368万令吉，而去年同期则分别为2.2598亿令吉及2220万令吉。与去年同期相比，柔佛珍的收入分别减少了644万令吉，税前利润减少了852万令吉。

对罐头制造业而言，税前利润从1032万令吉减少303万令吉至729万令吉。这是由于前一年出售机器的一次性收益为301万令吉。

就餐饮业务而言，收入由1.7722亿令吉减少1267万令吉至1.6455亿令吉，主要是由于本季度马来西亚令吉（RM）兑美元汇率较强（对比2017年相应季度）所致，加上乳制品销售额下降。税前利润由1290万令吉减少554万令吉至736万令吉，主要由于本年度至今的营运成本增加及外汇汇率不利。

2Q18 vs 1Q18：
就本季度而言，柔佛珍的税前利润减少了218万令吉至575万令吉，而截至2018年3月31日止的上一季度则为793万令吉。

a）罐头制造业：税前利润从319万令吉增加至410万令吉，增加了91万令吉。

b）餐饮业：由于本季度不利的外汇汇率导致税前利润从上一季度的520万令吉减少了304万令吉，而当前季度的税前利润为216万令吉。

前景：
a）罐头制造业：由于市场竞争日益激烈，罐头制造业仍将面临挑战。

b）餐饮业：尽管预计市场竞争非常激烈，但预计需求仍将保持强劲。尽管原材料价格出现波动，全球经济存在不确定性，该部门仍将继续盈利。
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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 RM0.935 in 2 months 11 day, total return is 30.8%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.875 in 3 months 22 day, total return is 10.1%

3) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.33 in 3 months 15 day, total return is 7.4%

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

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James Ng
----------------------
[JOHORE TIN BHD: tin manufacturing industry will remain challenging due to an increasingly competitive market, volatility in raw materials prices and uncertainties in global economies]

2Q18 vs 2Q17:
The Group recorded a revenue of RM115.58 million and profit before tax of RM5.75 million for the second quarter as compared to preceding year corresponding quarter of RM123.41 million and profit before tax of RM8.74 million respectively. The revenue decreased by RM7.83 million and the profit before tax decreased by RM2.99 million respectively as compared to the second quarter of the preceding year.

For the tin manufacturing segment, current quarter‘s profit decreased slightly by RM33 thousand from profit before tax of RM4.13 million in the preceding year corresponding quarter to RM4.10 million.

For the F&B segment, revenue decreased by RM8.38 million from RM98.63 million to RM90.25 million mainly due to a weaker US Dollar (USD) against Ringgit Malaysia (RM) in the current quarter compared with the USD exchange rate in the corresponding quarter in 2017 coupled with lower sales from dairy products. The profit before tax decreased by RM2.94 million from RM5.10 million to RM2.16 million for the current quarter under review, mainly due to higher operations costs and unfavourable foreign exchange rates in the current quarter under review.

YTD18 vs YTD17:
The Group has recorded a revenue of RM219.54 million and profit before tax of RM13.68 million for the 6 months’ ended 30 June 2018 as compared to preceding year-to-date of RM225.98 million and RM22.20 million respectively. The Group’s revenue decreased by RM6.44 million and the profit before tax decreased by RM8.52 million respectively as compared to preceding year-to-date.

For the tin manufacturing segment, profit before tax decreased by RM3.03 million from RM10.32 million to RM7.29 million. This is due to one-off gain on disposal of machinery of RM3.01 million in the preceding year.

For the F&B segment, revenue decreased by RM12.67 million from RM177.22 million to RM164.55 million mainly due to a weaker US Dollar (USD) against Ringgit Malaysia (RM) in the current quarter compared with the USD exchange rate in the corresponding quarter in 2017 coupled with lower sales from dairy products. The profit before tax decreased by RM5.54 million from RM12.90 million to RM7.36 million, mainly due to higher operations costs and unfavourable foreign exchange rates in the current year-to-date under review.

2Q18 vs 1Q18:
For the current quarter under review, the Group’s profits before tax decreased by RM2.18 million to RM5.75 million as compared to profit before tax of RM7.93 million in the preceding quarter ended 31 March 2018.

a) Tin Manufacturing Industry: Profit before tax increased by RM0.91 million from RM3.19 million to RM4.10 million.

b) F&B Industry: Profit before tax decreased by RM3.04 million from RM5.20 million in the previous quarter as compared to the current quarter’s profit before tax of RM2.16 million due to unfavourable foreign exchange rates in the current quarter under review.

Prospects:
a) Tin Manufacturing Industry: Tin manufacturing industry will remain challenging due to an increasingly competitive market.

b) F&B Industry: Demand is expected to remain strong although they foresee a very competitive market. This segment will continue to be profitable despite volatility in raw materials prices and uncertainties in global economies.
------------------------------------------------
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 RM0.935 in 2 months 11 day, total return is 30.8%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.875 in 3 months 22 day, total return is 10.1%

3) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.33 in 3 months 15 day, total return is 7.4%

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/178572.jsp by date.

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Final decision is always yours, thank you.

James Ng