[S P SETIA BHD：房地产市场依然疲弱，由于当前的经济不确定性持续存在，许多潜在买家由于严格的贷款准则或正在采取“观望”态度，很多潜在买家难以获得理想的贷款融资保证金]

Q318 vs Q317:
物业发展：
本季度的PBT低于2017财年的相应季度，其中Battersea电站第一阶段的完成带来了显着的利润贡献。

施工：
项目的建设利润对实达而言并不重大，因为它们是土地及发展权交换安排的一部分。

其他业务：
来自其他业务的收入主要来自木材制造，贸易活动以及会所，零售商场和会议中心的运营。

YTD18 vs YTD17：
实达实现了7亿8,640万令吉的PBT，比去年同期的8.794亿令吉的PBT低11％。

物业发展：
由于许多正在进行的开发阶段仍处于建设初期，因此实达截至目前为止的当期收入为23.9亿令吉，比2017财年同期收入低9％。实达截至目前为止的当期7.953亿令吉的PBT比2017财年同期的8亿5880万令吉的PBT低7％，巴特西电站第一阶段的完成贡献很大。

施工：
建设利润对实达而言并不重大，因为它们是土地及发展权交换安排的一部分。

其他业务：
来自其他业务的收入主要来自木材制造，贸易活动以及会所，零售商场和会议中心的运营。

实达本季度的PBT为1.57亿令吉，低于上一季度的PBT 5.35亿令吉（在收购SFH的全面控制权后，其重新计量实达在Setia Federal Hill Sdn Bhd的首个50％股权时获得一次性暂定公允价值收益）。

前景：
尽管到目前为止已实现总销售额，但房地产市场依然疲弱。由于当前的经济不确定性持续存在，许多潜在买家由于严格的贷款准则或正在采取“观望”态度，很多潜在买家难以获得理想的贷款融资保证金。虽然预计2018年10月份的销售增长并不明显，而且情况仍然充满挑战，但他们仍致力于实现今年的销售目标。
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

a) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.10 in 2 months 11 days, total return is 11.1%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.84 in 5 months 24 days, total return is 5.7%

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
时间：11a.m. – 7p.m

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

日期：2月24日星期日
地点：Hotel Sri Petaling, KL (包括茶点)

日期：3月3日星期日
地点：G Inn Hotel, George Town (Penang)

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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James Ng
-----------------------
[S P SETIA BHD: property market remains subdued, the local market continues to trend sideways with many potential buyers finding difficulty to obtain their desired loan financing margin due to the stringent lending guidelines or are taking a ‘wait and see’ approach as the current economic uncertainties persist]

Q318 vs Q317:
Property Development:
PBT for the current quarter is lower than the corresponding quarter in FY2017, which had a significant profit contribution from the completion of Phase 1 of the Battersea Power Station.

Construction:
The construction profit for projects are not significant to the Group as they are carried out as part of land and development right exchange arrangement.

Other Operations:
Revenue from Other Operations mainly contributed by wood-based manufacturing, trading activities, and the operation of club house, retail mall and convention centre.

YTD18 vs YTD17:
The Group achieved a PBT of RM786.4 million, which is 11% lower than its PBT for the corresponding period in the preceding year of RM879.4 million.

Property Development:
The Group’s revenue of RM2.39 billion for the current period to-date is 9% lower than the revenue of the corresponding period in FY2017, as many ongoing development phases are still at early stage of construction. The Group’s PBT of RM795.3 million for the current period to-date is 7% lower than the PBT of the corresponding period in FY2017 of RM858.8 million, which had a significant contribution from the completion of Phase 1 of the Battersea Power Station.

Construction:
The construction profit is not significant to the Group as they are carried out as part of a land and development right exchange arrangement.

Other Operations:
Revenue from Other Operations mainly contributed by wood-based manufacturing, trading activities, and the operation of club house, retail mall and convention centre.

The Group’s PBT for the current quarter of RM157.0 million is lower than the PBT for the preceding quarter of RM535.0 million, which had a one-time provisional fair value gain on remeasurement of the Group’s first 50% equity interest in Setia Federal Hill Sdn Bhd (“SFH”) following the acquisition of full control in SFH.

Prospects:
Notwithstanding the total sales achieved to-date, the property market remains subdued. The local market continues to trend sideways with many potential buyers finding difficulty to obtain their desired loan financing margin due to the stringent lending guidelines or are taking a ‘wait and see’ approach as the current economic uncertainties persist. While the expected pick-up in sales has not been evident during the month of October 2018 and conditions remain challenging, they are still committed to meet their sales target for the year.
------------------------------------------------
James Ng Stock Pick Performance:
Since Recommended Return:

a) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.10 in 2 months 11 days, total return is 11.1%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.84 in 5 months 24 days, total return is 5.7%

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/187841.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

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James Ng