[TELEKOM MALAYSIA BHD：行业和市场挑战对TM集团在本财政年度的整体收入预测和盈利产生了重大影响，TM预计零售和批发市场将面临充满挑战的环境]

3Q18 vs 3Q17:
由于本季度确认的网络资产减值损失，马电讯这季录得融资成本前经营亏损是3.198亿令吉，而之前2017年第三季度为2.596亿令吉。因此，集团的税后利润和非控股权益（PATAMI）从2.118亿令吉减少182.9％（3.874亿令吉）至亏损1.756亿令吉。

UNIFI：
本季度收入较去年13.576亿令吉减少2.0％（2750万令吉）至13.301亿令吉，主要是由于客户群和使用量减少导致语音服务收入减少。由于本季度确认的网络资产减值损失，本季度利润减少了8.65亿令吉，亏损为8.083亿令吉，而去年同期则为盈利5670万令吉。

TM ONE：
本季度的高运营成本（包括分配的网络资产减值损失）导致本季度利润减少13.2％（2250万令吉），从去年同期的1.7亿令吉减少至1.475亿令吉。

TM GLOBAL：
本季度利润从去年同期的9,470万令吉增加9.1％（860万令吉）至1.033亿令吉，主要是由于经营成本下降所致。

YTD18 vs YTD17:
于回顾期内，集团收入减少1.7％（1.548亿令吉）至87.304亿令吉，而去年则为88.852亿令吉，主要由于语音及数据服务收入减少。数据服务受到法规规定的定价的估计规定的影响。

马电讯于本季度确认的网络资产减值亏损导致融资成本前营业利润减少85.0％（6亿9410万令吉）至1.228亿令吉，而去年则录得8.169亿令吉。因此，集团税后利润及非控股权益（PATAMI）由去年同期的6.527亿令吉减少87.2％（5.692亿令吉）至8,350万令吉。

UNIFI：
由于语音服务使用率下降导致收入减少，本财政期间的收入从40.357亿令吉略微下降0.1％（260万令吉）至40.331亿令吉，这与客户群减少一致。本财政期间的利润从去年的1.312亿令吉减少649.8％（8亿8250万令吉）至亏损7.213亿令吉，而本期间录得的营运成本较高，受到网络资产减值亏损的影响，在此业务下的当前季度。

TM ONE：
TM ONE录得收入减少3.8％（1.288亿令吉），由去年财政期间的33.965亿令吉减少至32.677亿令吉，主要是由于语音和数据服务的下降，尽管互联网和多媒体有增长。本财政期间由于收入减少及营运成本增加，盈利减少26.3％（1.481亿令吉），由5.641亿令吉减少至4.16亿令吉。

TM GLOBAL：
TM GLOBAL本财政期间的收入为16.507亿令吉，较去年同期的16.558亿令吉减少0.3％（510万令吉）。这主要是由于数据服务收入减少。

3Q18 vs 2Q18：
由于本期确认的网络资产减值损失，导致融资成本前的经营亏损为3.198亿令吉，而上一季度录得的利润为2.487亿令吉。因此，集团PATAMI将由上一季度的1.02亿令吉盈利减少2.776亿令吉，减少至亏损1.756亿令吉。

前景：
最近的行业和市场挑战对TM集团在本财政年度的整体收入预测和盈利产生了重大影响。 TM预计零售和批发市场将面临充满挑战的环境。
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.955 in 4 months 28 days, total return is 20.1%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.81 in 3 months 17 day, total return is 13.3%

3) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.11 in 1 month 15 days, total return is 11.6%

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

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有兴趣的朋友，可以电邮或PM FB page联络我
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最终决定永远是你的，谢谢。

James Ng
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[TELEKOM MALAYSIA BHD: industry and market challenges have had major impact to the overall revenue estimates and earnings of TM Group in the financial year, TM anticipates that the challenging environment will persist for both their retail and wholesale segments]

3Q18 vs 3Q17:
The Group recorded an operating loss before finance cost of RM319.8 million from RM259.6 million profit in the third quarter of 2017 arising from the impairment loss on network assets recognised during current quarter. Consequently, Group profit after tax and non-controlling interests (PATAMI) decreased by 182.9% (RM387.4 million) from RM211.8 million to a loss of RM175.6 million.

unifi:
Revenue decreased by 2.0% (RM27.5 million) from RM1,357.6 million to RM1,330.1 million in the current quarter mainly due to lower revenue from voice services in line with decrease in customer base and usage. Profit for the current quarter decreased by RM865.0 million to a loss of RM808.3 million compared to a profit of RM56.7 million in the corresponding quarter last year due to the impairment loss on network assets recognised during the current quarter.

TM ONE:
High operating costs in the current quarter, which includes allocated impairment loss of network assets has however caused a 13.2% (RM22.5 million) decrease in profit to RM147.5 million in the current quarter from RM170.0 million in the corresponding quarter last year.

TM GLOBAL:
Profit for the current quarter increased by 9.1% (RM8.6 million) from RM94.7 million in the corresponding quarter last year to RM103.3 million mainly due to lower operating costs.

YTD18 vs YTD17:
For the period under review, Group revenue decreased by 1.7% (RM154.8 million) to RM8,730.4 million as compared to RM8,885.2 million last year, mainly due to lower revenue from voice and data services. Data service was affected by the provision made on estimated impact of regulatory mandated access pricing.

The impairment loss on network assets recognised by the Group in the current quarter led to a decrease in operating profit before finance cost by 85.0% (RM694.1 million) to RM122.8 million as compared to RM816.9 million recorded in the preceding year. Consequently, Group profit after tax and non-controlling interests (PATAMI) decreased by 87.2% (RM569.2 million) to RM83.5 million from RM652.7 million in corresponding period last year.

unifi:
Revenue for the current financial period decreased slightly by 0.1% (RM2.6 million) to RM4,033.1 million from RM4,035.7 million contributed by lower revenue from voice services due to lower usage, which was in line with decrease in customer base. Profit for the current financial period decreased by 649.8% (RM852.5 million) to a loss of RM721.3 million from RM131.2 million profit last year with higher operating cost recorded in the current period affected by the impairment loss on network assets recognised during the current quarter under this business cluster.

TM ONE:
TM ONE recorded a decrease in revenue by 3.8% (RM128.8 million) from RM3,396.5 million to RM3,267.7 million in the current financial period mainly due to decline in voice and data services despite growth in Internet and multimedia. Profit for the current financial period decreased by 26.3% (RM148.1 million) from RM564.1 million to RM416.0 million from the decrease in revenue and increase in operating costs.

TM GLOBAL:
TM GLOBAL registered revenue of RM1,650.7 million for the current financial period, registering a 0.3% (RM5.1 million) decrease from RM1,655.8 million reported in the corresponding period last year. This was mainly due to lower revenue from data services.

3Q18 vs 2Q18:
Operating loss before finance cost was RM319.8 million loss from RM248.7 million profit recorded in the preceding quarter due to impairment loss on network assets recognised during the current period. Consequently, Group PATAMI decreased by RM277.6 million from RM102.0 million profit in the preceding quarter to RM175.6 million loss.

Prospects:
The recent industry and market challenges have had major impact to the overall revenue estimates and earnings of TM Group in the financial year. TM anticipates that the challenging environment will persist for both their retail and wholesale segments.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.955 in 4 months 28 days, total return is 20.1%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.81 in 3 months 17 day, total return is 13.3%

3) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.11 in 1 month 15 days, total return is 11.6%

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/

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/184178.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