[FRONTKEN CORP BHD：9个月的改善业绩;与2018年第三季度强劲的半导体市场保持一致，预计2018年全球市场年增长率为12.4％，将注意力集中在其服务质量和效率上，以保持其竞争力]

3Q18 vs 3Q17:
截至2018年9月30日止前研科技的收入较去年同期增加约720万令吉（9.2％）。前研科技于台湾，新加坡，马来西亚及菲律宾的附属公司与去年同季相比表现较佳。半导体行业协会（SIA）宣布，全球半导体销售额分别在2018年7月和8月达到395亿美元和401.6亿美元，与2017年7月和8月的销售额相比增长了17％和15％。由于半导体业务的正增长，前研科技于台湾及新加坡的附属公司的业务表现较去年同期分别上升3.8％及10.7％。鉴于石油和天然气行业的复苏，他们在马来西亚和菲律宾的子公司也取得了较好的业绩。

前研科技本季度的税前利润（“PBT”）为2060万令吉，比同期的1290万令吉高出770万令吉或59.7％。利润增加主要是由于前研科技在台湾，新加坡，马来西亚及菲律宾的附属公司业绩改善。此外，这公司全资附属公司Frontken (Singapore) Pte Ltd出售其于一间联营公司Frontken（Thailand）Co。Ltd.的全部49％股权，其出售收益为65万令吉。

YTD18 vs YTD17：
前研科技截至2018年9月30日止本期间的收入为2.386亿令吉，较去年同期高出2,230万令吉（10.3％）。该改善主要是由于前研科技在台湾，新加坡和马来西亚的子公司的表现较佳。台湾，马来西亚及新加坡附属公司的年初至今收入分别较去年同期上升12.0％，11.7％及8.0％。这与SIA就半导体行业的整体增长所发布的报告一致，该增长直接有利于集团的业绩。

与去年同期相比，由于收入改善，成本管理保持警惕以及出售联营公司的微薄收益，集团的PBT增加了1,870万令吉（57.4％）。前研科技本期税后利润为3700万令吉，较去年同期增加1,180万令吉（47.1％）。

3Q18 vs 2Q18：
由于前研科技于台湾，马来西亚，新加坡及菲律宾的附属公司业务表现改善，前研科技本季度收入较上一季度增加5.0％或约410万令吉。前研科技本季度未经审核的PBT改善主要是由于收入增加，出售联营公司的收益以及前研科技于上一季度在台湾的子公司所宣派的股息征收的预扣税。

前景：
与去年同期相比，前研科技录得9个月的改善业绩;与2018年第三季度强劲的半导体市场保持一致。世界半导体贸易统计（WSTS）最近也公布了其行业预测，预计2018年全球市场年增长率为12.4％。

鉴于令人鼓舞的行业预测，前研科技预期本财政年度余下3个月的整体业务状况将维持正面。为此，前研科技对其今年余下时间表现令人满意持谨慎乐观态度。前研科技亦将继续保持成本管理的警觉，并努力提高其效率。前研科技的首要任务是继续将注意力集中在其服务质量和效率上，以保持其竞争力。
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James Ng Stock Pick Performance:
Since Recommended Return:

1) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.10 in 1 month 23 days, total return is 11.1%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.875 in 5 months 6 days, total return is 10.1%

3) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.78 (dividend RM0.007) in 3 months 25 day, total return is 10.1%

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
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[FRONTKEN CORP BHD: improved 9 months results compared to the preceding year corresponding period; consistent with the robust semiconductor market during the third quarter of 2018, projected annual global market growth of 12.4% in 2018, focus its attention on the quality of its services and efficiencies so as to maintain its competitiveness]

3Q18 vs 3Q17:
The Group’s revenue for the current quarter ended 30 September 2018 increased by approximately RM7.2 million (9.2%) compared to the preceding year corresponding quarter. The Group’s subsidiaries in Taiwan, Singapore, Malaysia and the Philippines performed better compared to the preceding year corresponding quarter. The Semiconductor Industry Association (SIA) announced that worldwide sales of semiconductors reached USD39.5 billion and USD40.16 billion for the month of July and August 2018 respectively, an increase of 17% and 15% compared to the July and August 2017 sales. As a result of the positive growth of the semi-conductor business, the Group’s subsidiaries in Taiwan and Singapore achieved an improved business performance of 3.8% and 10.7% respectively compared to the preceding year corresponding quarter. Their subsidiaries in Malaysia and the Philippines also recorded better performance due to new works secured in light of recovery in the oil and gas industry.

The Group’s profit before tax (“PBT”) of RM20.6 million for the current quarter was RM7.7 million or 59.7% higher than the corresponding quarter’s RM12.9 million. The higher profit was mainly due to improved performances by the Group’s subsidiaries in Taiwan, Singapore, Malaysia and the Philippines. In addition, Frontken (Singapore) Pte Ltd, a wholly-owned subsidiary of the Company disposed its entire 49% equity interest in an associate, Frontken (Thailand) Co. Ltd. which resulted in a gain on disposal of RM0.65 million.

YTD18 vs YTD17:
The Group’s revenue of RM238.6 million for the current period ended 30 September 2018 was RM22.3 million (10.3%) higher than that achieved in the preceding year corresponding period. The improvement was mainly due to better performances from the Group’s subsidiaries in Taiwan, Singapore and Malaysia. Year-to-date revenue from their subsidiaries in Taiwan, Malaysia and Singapore rose 12.0%, 11.7% and 8.0% respectively compared to the preceding year corresponding period. This was consistent with the report issued by SIA on the overall growth in the semiconductor industry which had directly benefitted the Group’s performance.

Against the same period last year, the PBT for the Group increased by RM18.7 million (57.4%) as a result of improved revenue, vigilance in cost management and a small gain on disposal of an associate. The profit after tax for the Group for the current period was RM37.0 million, an increase of RM11.8 million (47.1%) compared to the preceding year corresponding period.

3Q18 vs 2Q18:
The Group’s revenue was 5.0% or approximately RM4.1 million higher during the current quarter as compared to the immediate preceding quarter due to improved business performance for the Group’s subsidiary in Taiwan, Malaysia, Singapore and the Philippines. The Group’s improved unaudited PBT for the current quarter was mainly due to higher revenue, gain on disposal of an associate and a withholding tax imposed on the dividend declared by the Group’s subsidiary in Taiwan in the preceding quarter.

Prospects:
The Group recorded an improved 9 months results compared to the preceding year corresponding period; consistent with the robust semiconductor market during the third quarter of 2018. The World semiconductor Trade Statistics (WSTS) also recently released their industry forecast that projected annual global market growth of 12.4% in 2018.

In light of the encouraging industry forecast, the Group anticipates that the overall business conditions for the remaining 3 months for the current financial year to remain positive. To that end, the Group is cautiously optimistic that its performance for the rest of the year will be satisfactory. The Group will also continue to be vigilant in its cost management and strive to improve on its efficiency. The Group’s priority will be to continue to focus its attention on the quality of its services and efficiencies so as to maintain its competitiveness.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

1) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.10 in 1 month 23 days, total return is 11.1%

2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.875 in 5 months 6 days, total return is 10.1%

3) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.78 (dividend RM0.007) in 3 months 25 day, total return is 10.1%

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/185341.jsp by date.

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

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Final decision is always yours, thank you.

James Ng