[V.S INDUSTRY BHD：某些主要客户的订单疲软，威铖预计本财政年度下半年的前景及盈利能力将低于上半年，订单的暂时变少并未以任何方式削弱集团来增长业务]

于本季度，威铖录得收入9亿8,260万令吉，较去年同期减少1.377亿令吉或12.3％。与此同时，税前利润下降25.8％或1720万令吉至4940万令吉。

截至2019年1月31日止六个月期间，威铖录得收入20.583亿令吉，较去年同期的21.922亿令吉减少1.339亿令吉或6.1％。税前利润为9470万令吉，同期下降18.4％或2130万令吉。

尽管马来西亚业务表现令人称道，但威铖本季度税前利润下降，主要是由于海外业务的贡献减少或亏损。印尼实现了一点利润，同时在中国亏损。在累计季度的基础上，这些海外业务，特别是中国，已经发生亏损，进一步影响了集团的盈利。

马来西亚部门：
由于主要客户的销售订单增加，马来西亚部门的当前季度和累计季度分别录得5.4％和7.4％的收入增长。同时，税前利润同比分别增长12.7％和9.2％。

印尼部门：
本季度，由于主要客户的销售订单减少，印度尼西亚部门录得较低的税前利润（收入下降）。盈利能力的大幅下降是由于规模经济较低以及印尼盾与前一年相应季度相比较弱。尽管本季度有盈利，但由于本季度的利润不足以抵消第一季度的亏损，因此印尼部门在累计季度亏损。

中国部门：
由于销售订单减少，中国部门录得收入减少及本季度亏损。由于缺乏规模经济，中国的业务在累计季度也出现亏损，因为那里的设施利用率不足，收到的销售订单数量不太理想。

就本季度而言，威铖的税前利润较高为4940万令吉，而上一季度为4530万令吉。

前景：
如其上一季度报告所述，由于某些主要客户的订单疲软，威铖预计本财政年度下半年的前景及盈利能力将低于上半年。订单的暂时变少并未以任何方式削弱集团来增长业务。

鉴于包括美中贸易战，运营成本结构上升和激烈竞争在内的不确定因素，在中国，前景仍然极具挑战性。在这个时刻，预计设施利用率不足的问题将突显。鉴于预期订单放缓，董事会认为威铖于本财政年度下半年的财务表现较为疲弱。

尽管存在短期挑战，但董事会仍然对威铖的长期前景持乐观态度，因为基础稳固，与现有客户的稳固关系，强大的执行能力，最近增加的新关键客户和有潜力在未来获取合同。
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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 RM1.26 in 3 months 10 days, total return is 57.5%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.24 in 8 months 25 days, total return is 56%

c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.95 (dividend RM0.015) in 7 months 14 days, total return is 35%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.765 in 2 months 6 days, total return is 33%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.25 in 3 months 3 days, total return is 29.5%

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 12 days, total return is 24.7%

g) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.965 in 2 months 27 day, total return is 13.5%

h) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.18 in 2 months 6 days, total return is 13.5%

i) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.59 (dividends RM0.02) in 5 months 25 days, total return is 12.6%

j) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.37 (dividend RM0.035) in 4 months 8 days, total return is 10.6%

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/2218984575034951 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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[V.S INDUSTRY BHD: expects prospects and profitability in the second half of current financial year to be lower than that of first half due to softening in orders from certain key customers, the temporary moderation in orders has not in any way detracted the Group from its focus to grow the business]

For the current quarter under review, the Group recorded a revenue of RM982.6 million, a decrease of RM137.7 million or 12.3% as compared to the previous corresponding quarter. Profit before tax, meanwhile, decreased 25.8% or RM17.2 million to RM49.4 million over the same period.

For the six months period ended 31 January 2019, the Group recorded a revenue of RM2,058.3 million, a decrease of RM133.9 million or 6.1% as compared to the corresponding period of the preceding year of RM2,192.2 million. Profit before tax stood at RM94.7 million, dropped by 18.4% or RM21.3 million over the same period.

Despite commendable performance from operations in Malaysia, the Group profit before tax declined in the current quarter, mainly attributable to lower or negative contributions from overseas operations. Indonesia turned in marginal profit while losses were recorded in China. On cumulative quarters basis, these overseas operations, particularly China, had incurred losses that further affected the Group earnings.

Malaysia segment:
For the current quarter and cumulative quarters, Malaysia segment recorded 5.4% and 7.4% increase in revenue respectively due to higher sales orders from key customers. Meanwhile, profit before tax was up 12.7% and 9.2% respectively over the same period.

Indonesia segment:
For the current quarter, Indonesia segment recorded lower profit before tax in tandem with the fall in revenue, mainly due to decline in sales orders from key customers. The steeper drop in profitability was a result of lower economies of scale and weaker Indonesian Rupiah compared to the preceding year’s corresponding quarter. Despite recording profit for the quarter under review, Indonesia segment was loss-making for the cumulative quarters as the profit in the current quarter was insufficient to set off the loss incurred in the first quarter.

China segment:
China segment recorded lower revenue and was loss-making for the current quarter as a result of lower sales orders completed. Operations in China were also loss-making for the cumulative quarters in the absence of economies of scale as the facilities there remained under-utilised with less-than-ideal volume of sales orders received.

For the current quarter under review, the Group recorded a higher profit before tax of RM49.4 million as compared to RM45.3 million in the preceding quarter.

Prospects:
As mentioned in their previous quarterly report, the Group expects prospects and profitability in the second half of current financial year to be lower than that of first half due to softening in orders from certain key customers. The temporary moderation in orders has not in any way detracted the Group from its focus to grow the business.

Over in China, the outlook continues to be highly challenging at this juncture given the uncertainties that include the US-China trade war, rising operating cost structure and intense competition. The issue of under-utilization of capacity is expected to prevail at this juncture. Given the expected slowdown in order, the Board opines that the financial performance of the Group in the second half of the financial year will be softer.

Despite the short-term challenges, the Board remains positive on the long-term prospects of the Group, underpinned by solid fundamentals, robust relationships with existing customers, strong execution skills, recent addition of new key customer and potential future contract wins.
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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 RM1.26 in 3 months 10 days, total return is 57.5%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.24 in 8 months 25 days, total return is 56%

c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.95 (dividend RM0.015) in 7 months 14 days, total return is 35%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.765 in 2 months 6 days, total return is 33%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.25 in 3 months 3 days, total return is 29.5%

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 12 days, total return is 24.7%

g) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.965 in 2 months 27 day, total return is 13.5%

h) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.18 in 2 months 6 days, total return is 13.5%

i) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.59 (dividends RM0.02) in 5 months 25 days, total return is 12.6%

j) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.37 (dividend RM0.035) in 4 months 8 days, total return is 10.6%

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/2218984575034951 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