[BP PLASTICS HOLDING BHD：整体塑料包装需求仍然保持不变，随着额外产能的增加，生产灵活性得以提高和缩短产品周转时间]

3Q18 vs 3Q17:
南源塑胶于这季度未经审核的税前利润（PBT）为587万令吉，较2017年第3季度未经审核的PBT 360万令吉增加63.12％。本季度未经审核的税后利润（PAT）较上年同期增加25.23％至534万令吉，而3Q17未经审核的PAT为426万令吉。较高的PBT和PAT主要是由于更好的产品组合以及通过更好的生产效率实现的成本节约。

YTD18 vs YTD17：
截至2018年9月30日止9个月，由于销量增加，南源塑胶的营业收入为2.481亿令吉，较9MFY17的2.4304亿令吉增加2.08％。于回顾期内，南源塑胶未经审核的PBT及PAT分别为1,872万令吉及1,470万令吉，较9MFY17未经审核的PBT及PAT增加73.59％及54.47％（9MFY17分别为1079万令吉和952万令吉）。较高的PBT和PAT主要是由于更好的产品组合以及通过更好的生产效率实现的成本节约。

3Q18 vs 2Q18：
本季度未经审核的PAT为534万令吉，较2Q18未经审核的PAT 475万令吉增加12.29％，主要是由于其中一家子公司在本季度确认了税收激励。

前景：
预计2019年的全球增长率将保持在3.7％。进入2018财政年度最后一个季度，南源塑胶认为，尽管商业环境充满挑战且行业竞争激烈，但整体塑料包装需求仍然保持不变。随着额外产能的增加，以提高生产灵活性和缩短产品周转时间，南源塑胶仍致力于为截至2018年12月31日的财政年度带来盈利业绩。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.00 in 21 days, total return is 25%

b) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.22 (dividend RM0.0375) in 2 months 18 days, total return is 19.4%

c) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.10 in 12 days, total return is 14%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.865 in 6 months 3 day, total return is 8.8%

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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有兴趣的朋友，可以电邮或PM FB page联络我
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James Ng
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[BP PLASTICS HOLDING BHD: overall demand for plastic packaging remains intact, with additional capacities added on for greater production flexibility and faster product turnaround times]

3Q18 vs 3Q17:
The Group achieved a higher unaudited profit before tax (PBT) for the quarter under review of RM5.87 million, an increase of 63.12% compared to unaudited PBT of RM3.60 million in 3Q17. Unaudited profit after tax (PAT) for the quarter under review was higher by 25.23% at RM5.34 million, compared to the unaudited PAT of RM4.26 million in 3Q17. The higher PBT and PAT were mainly due to better product mix and cost savings achieved from better production efficiencies.

YTD18 vs YTD17:
For the 9 months ended 30 September 2018, the Group registered operating revenue of RM248.10 million, an increase of 2.08% compared to RM243.04 million in 9MFY17 due to higher sales volume. The Group achieved a higher unaudited PBT and PAT for the period under review of RM18.72 million and RM14.70 million respectively, representing an increase of 73.59% and 54.47% compared to the unaudited PBT and PAT of RM10.79 million and RM9.52 million respectively in 9MFY17. The higher PBT and PAT were mainly due to better product mix and cost savings achieved from better production efficiencies.

3Q18 vs 2Q18:
Unaudited PAT of RM5.34 million for the quarter under review was higher by 12.29% compared with the unaudited PAT of RM4.75 million in 2Q18 mainly due to the recognition of tax incentive in the current quarter for one of the subsidiary.

Prospects:
The global growth in 2019 is expected to remain at 3.7%. Moving into the last quarter of FY2018, the Group believes that the overall demand for plastic packaging remains intact despite the challenging business environment and stiff competition within the industry. With additional capacities added on for greater production flexibility and faster product turnaround times, the Group remains focused to deliver a profitable performance for the financial year ending 31 December 2018.
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James Ng Stock Pick Performance:
Since Recommended Return:

a) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.00 in 21 days, total return is 25%

b) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.22 (dividend RM0.0375) in 2 months 18 days, total return is 19.4%

c) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.10 in 12 days, total return is 14%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.865 in 6 months 3 day, total return is 8.8%

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/188530.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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Please Like and Share this post. Final decision is always yours, thank you.

James Ng