[SLP RESOURCES BHD：通过收购吹膜生产线和转换机等新机器，进一步扩大集团的生产能力，由于承诺投资于最新的高科技机器以扩大生产能力，加上目前充足的树脂供应情况，这集团已准备好进军新市场]

截至2018年12月31日止的本季度，这集团录得收入4740万令吉，较去年同期录得的4510万令吉增加220万令吉或5.1％。这归因于柔性塑料包装产品的出口市场销售额增加，以满足更高的需求。随着新机器的额外投资，集团的全资附属公司Sinliplas Holding Sdn Bhd已确认未使用的投资税减免（ITA）和未动用的再投资补贴（RA）的递延税项资产达240万令吉，因为很可能将来可以利用未来的应税利润来抵消未使用的配额。与去年同期的480万令吉相比，本季度的税费用总额更低，税后利润（“PAT”）更高，达到730万令吉。

截至二零一八年十二月三十一日止的本财政年度，这集团录得较2017年12月31日止财政年度录得的1.8亿令吉收入增加4.4％至1.881亿令吉。这是由于本地及出口的销售额增加所致（这集团柔性塑料包装产品符合市场更高的需求）。随着收入增加以及产量增加带来更大的规模经济，这集团的PBT和PBT利润率在本财政年度分别为2830万令吉和15.1％，而截至2017年12月31日止的相应财政年度分别为2440万令吉和13.5％。本财政年度的净汇兑收益为60万令吉，而截至2017年12月31日止财政年度的外汇亏损为110万令吉，亦有助于提升本财政年度的PBT。本财政年度PBT较高且税项开支较低，这集团的PAT及PAT利润率分别为2,530万令吉及13.4％，而截至2017年12月31日止财政年度同期分别为1920万令吉及10.7％。

与上一季度同期相比，这集团本年度收入和PBT较低分别为4740万令吉和680万令吉。然而，随着递延税项资产的确认，这集团本季度的PAT和PAT利润率与上一季度相比有所上升。

前景：
董事会致力于通过收购吹膜生产线和转换机等新机器，进一步扩大集团的生产能力。由于承诺投资于最新的高科技机器以扩大生产能力，加上目前充足的树脂供应情况，这集团已准备好进军新市场。由于制造成本增加，尤其是新近向上调整最低工资的劳动力成本，持续贸易紧张的不确定性以及其他因素，董事会仍然对集团2019财年业绩令人满意持谨慎乐观态度。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.26 in 8 months 18 days, total return is 58.5%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.23 in 3 months 3 days, total return is 53.8%

c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.96 (dividend RM0.015) in 7 months 7 days, total return is 36.4%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.775 in 1 month 25 days, total return is 34.8%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.28 in 2 months 24 days, total return is 32.6%

f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.32 (dividend RM0.0375) in 5 months 5 days, total return is 24.7%

g) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 2 months 20 day, total return is 15.3%

h) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.62 (dividends RM0.02) in 5 months 18 days, total return is 14.7%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.40 (dividend RM0.035) in 3 months 28 days, total return is 13%

j) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.10 in 1 month 27 days, total return is 5.8%

k) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.46 (dividend RM0.01) in 8 months 18 days, total return is 5%

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：4月21日星期日
地点：G Inn Hotel, George Town (Penang)

日期：4月28日星期日
地点：Silka Johor Bahru Hotel, Johor Bahru (包括免费点心，茶和咖啡)

日期：5月26日星期日
地点：Hotel Sri Petaling, KL (包括免费3份点心，茶和咖啡)

有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

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://web.facebook.com/jamesshareinvest/posts/2214228515510557 找到公司和选股文章以及视频。

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

这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
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[SLP RESOURCES BHD: to further expand the Group’s production capacities this year by acquiring new machineries, such as blown film lines and converting machines, with such commitments to invest in the latest high technology machineries for expansion in production capacity coupled with the current ample supplies of resins situation, the Group is well positioned to tap into new markets]

For the current quarter ended 31 December 2018, the Group recorded revenue of RM47.4 million, an increase of RM2.2 million or 5.1% from RM45.1 million recorded in the corresponding quarter last year. This was attributed to higher sales to export markets for the flexible plastic packaging products in line with higher demand. With the additional investment in new machinery, the Group’s wholly-owned subsidiary, Sinliplas Holding Sdn Bhd has recognised deferred tax asset amounting to RM2.4 million on unutilised Investment Tax Allowances (ITA) and unutilised Reinvestment Allowances (RA) as it is probable that its future taxable profit will be available against which the unutilised allowances can be utilised. This has resulted in the overall lower tax expense and higher Profit After Tax in the current quarter (“PAT”) of RM7.3 million when compared to RM4.8 million in the same quarter last year.

For the current financial year ended 31 December 2018, the Group recorded higher revenue by 4.4% to RM188.1 million from RM180.0 million recorded in the financial year ended 31 December 2017. This was due to higher sales to both the local and export markets in line with higher demand for the Group’s flexible plastic packaging products. In tandem with higher revenue coupled with greater economies of scale brought by higher production output, the Group recorded higher PBT and PBT margin of RM28.3 million and 15.1% in the current financial year when compared to RM24.4 million and 13.5% respectively in the corresponding financial year ended 31 December 2017. Net foreign exchange gain of RM0.6 million in the current financial year as compared to the loss on foreign exchange of RM1.1 million in the financial year ended 31 December 2017 has also contributed to higher PBT in the current financial year. With higher PBT and lower tax expense in the current financial year, the Group recorded higher PAT and PAT margin of RM25.3 million and 13.4% when compared to RM19.2 million and 10.7% respectively in the financial year ended 31 December 2017.

The Group recorded lower revenue and PBT of RM47.4 million and RM6.8 million in the current year quarter when compared with the same in the immediate preceding quarter. However, with the recognition of deferred tax asset, the Group posted a higher PAT and PAT margin in the current quarter when compared to the same in the immediate preceding quarter.

Prospects:
The Board is committed to further expand the Group’s production capacities this year by acquiring new machineries, such as blown film lines and converting machines. With such commitments to invest in the latest high technology machineries for expansion in production capacity coupled with the current ample supplies of resins situation, the Group is well positioned to tap into new markets. Amidst the increasing manufacturing cost, especially labour cost with newly upward adjustment on minimum wages, the uncertainties of on-going trade tensions, and among other factors, the Board is still cautiously optimistic that the Group’s result for FY2019 will be satisfactory.
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James Ng Stock Pick Performance:
Since Recommended Return:

a) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.26 in 8 months 18 days, total return is 58.5%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.23 in 3 months 3 days, total return is 53.8%

c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.96 (dividend RM0.015) in 7 months 7 days, total return is 36.4%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.775 in 1 month 25 days, total return is 34.8%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.28 in 2 months 24 days, total return is 32.6%

f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.32 (dividend RM0.0375) in 5 months 5 days, total return is 24.7%

g) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 2 months 20 day, total return is 15.3%

h) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.62 (dividends RM0.02) in 5 months 18 days, total return is 14.7%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.40 (dividend RM0.035) in 3 months 28 days, total return is 13%

j) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.10 in 1 month 27 days, total return is 5.8%

k) HSL (HOCK SENG LEE BHD), recommended on 1 Jul 18, initial price was RM1.40, rose to RM1.46 (dividend RM0.01) in 8 months 18 days, total return is 5%

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://web.facebook.com/jamesshareinvest/posts/2214228515510557 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

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng