[MAH SING GROUP BHD：销售和营销和管理费用增加，Ramada Meridin酒店运营开始时的活动水平增加以及某些项目相关的维护和翻新费用]

截至2018年9月30日止九个月期间，由于收入约为17亿令吉，马星集团录得净利润约2.056亿令吉，而一年前净利润为2.731亿令吉及营收为22亿令吉。。按季度计算，马星集团录得净利润约6420万令吉及收入约5.043亿令吉，而去年同季的净利润为9,230万令吉及收入7.043亿令吉。

物业发展：
截至2018年9月30日止九个月期间，房地产开发收入约为14亿令吉，而去年同期为19亿令吉，而营业利润约为2.448亿令吉，而一年前为3.23亿令吉。

塑料：
营业利润从1240万令吉增长26.6％至1560万令吉，尽管模具销售收入下降1.2％，从2.214亿令吉至2.186亿令吉，其收益已包括在其他收入内。

投资控股及其他：
该部门的收入主要包括来自存款的利息收入，建筑材料贸易及Ramada Meridin Hotel业务。

马星集团当前季度税前利润约为8,130万令吉，较上一季度约9,610万令吉来的低。这主要是由于与房地产开发相关的销售和营销活动产生的销售和营销和管理费用增加，Ramada Meridin酒店运营开始时的活动水平增加以及某些项目相关的维护和翻新费用。

前景：
由于2018年目标住宅销售额的74％定价低于50万令吉，马星集团将受益于2019年预算的各项举措，例如继续享有第一套住宅物业的贷款协议不超过50万令吉的Memorandum of Transfer（“MOT”）的印花税豁免以及全国房屋所有权运动，从2019年1月1日开始，对于价格在300,001至100万令吉之间的住宅物业免征MOT的印花税。
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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 RM2.14 in 1 month 27 days, total return is 13.2%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.77 (dividend RM0.007) in 3 months 29 day, total return is 8.7%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.845 in 5 months 10 days, total return is 6.3%

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：12月23日星期日
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日期：1月27日星期日
地点：Tropical Inn, Johor Bahru (包括茶点)

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
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为了方便大家查询我写过的公司和选股文章以及视频，制作了索引。大家只要依照日期，就能从这 https://klse.i3investor.com/blogs/general/185341.jsp 找到公司和选股文章以及视频。

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

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最终决定永远是你的，谢谢。

James Ng
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[MAH SING GROUP BHD: higher selling and marketing and administrative expenses incurred towards sales and marketing activities related to property development, increased activity levels pursuant to the commencement of the Ramada Meridin Hotel operations and certain project related upkeep, maintenance and refurbishment costs]

For the nine-month period ended 30 September 2018, the Group posted a net profit of approximately RM205.6 million on the back of revenue of approximately RM1.7 billion as compared to RM273.1 million net profit and RM2.2 billion revenue a year ago. On a quarterly basis, the Group recorded a net profit of approximately RM64.2 million and revenue of approximately RM504.3 million as compared to RM92.3 million net profit and RM704.3 million revenue in the same quarter last year.

Property development:
For the nine month period ended 30 September 2018, revenue from property development was approximately RM1.4 billion compared with RM1.9 billion a year ago while operating profit was approximately RM244.8 million versus RM323.0 million a year ago.

Plastics:
Operating profit grew by 26.2% from approximately RM12.4 million to RM15.6 million despite of a decline in revenue of 1.2% from RM221.4 million to RM218.6 million pursuant to the sales of mould, the gain of which has been included in other income.

Investment holding & Others:
Revenue for the segment comprise mainly interest income from the deposit of funds, trading of building materials and Ramada Meridin Hotel operations.

The Group's current quarter profit before tax of approximately RM81.3 million was lower as compared to the immediate preceding quarter of approximately RM96.1 million. This was mainly due to higher selling and marketing and administrative expenses incurred towards sales and marketing activities related to property development, increased activity levels pursuant to the commencement of the Ramada Meridin Hotel operations and certain project related upkeep, maintenance and refurbishment costs.

Prospects:
With 74% of targeted residential sales for 2018 priced below RM500,000, the Group stands to benefit from various initiatives of Budget 2019 such as continuation of stamp duty exemption on Memorandum of Transfer ("MOT") and loan agreement for first residential property worth not more than RM500,000 as well as the National Home Ownership Campaign which exempts stamp duty on MOT for residential properties priced between RM300,001 and RM1 million starting from 1 January 2019.
------------------------------------------------
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 RM2.14 in 1 month 27 days, total return is 13.2%

2) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.77 (dividend RM0.007) in 3 months 29 day, total return is 8.7%

3) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.845 in 5 months 10 days, total return is 6.3%

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/

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