[SALUTICA BHD：鉴于较为疲弱的经济环境及竞争加剧，预期截至2019年6月30日止年度其余月份的现有产品整体需求将会疲弱]

在截至2019年3月31日止的第三季度，这集团产生的总收入较去年同期录得的4,800万令吉减少，为1,940万令吉，较去年同期减少2860万令吉。第二代无绳耳机的复杂性，以及最后剩下的一些设计变更和进一步的现场测试，继续对集团的资源造成压力 - 他们持有过剩的资源但却未能在其大规模生产时间线中得到利润。然而，在截至2019年6月30日结束的财政年度未来几个月中预期的大规模生产和随后的出货量不足以收回前几个月的收入不足。

与收入下降一致，这集团当前季度税前亏损约为410万令吉，而截至2018年3月31日止相应季度约为RM20万亏损，增加亏损约为390万令吉。这是由于在第二代无绳耳机的批量生产批准之前和现有产品的低产量，持有过多资源所产生的成本较高。于回顾期内，这集团PBT为10万令吉，而上一期则为1,640万令吉，减少1,630万令吉。

截至2019年3月31日止这集团的收入较截至2018年12月31日止的上一季度减少约58.6％。新无线耳机产品的大规模生产延迟继续拖累收入和现有产品较低的收入。

前景：
鉴于较为疲弱的经济环境及竞争加剧，这集团预期截至2019年6月30日止年度其余月份的现有产品整体需求将会疲弱。中美之间不断升级的贸易紧张局势继续使全球市场陷入不确定因素。他们的现有客户在产品扩展计划和预测中都谨慎行事，这些影响了集团当前的财务业绩。董事会认为，截至2019年6月30日止财政年度的财务表现仍将充满挑战。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.66 (dividend RM0.015) in 11 months 10 days, total return is 134.3%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.44 in 7 months 7 days, total return is 80%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.38 (dividend RM0.04) in 1 year 21 days, total return is 78.6%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.59 (dividend RM0.1875) in 9 months 8 days, total return is 47%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.35 (dividend RM0.008) in 6 months 29 days, total return is 40.7%

f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.46 in 1 month 22 days, total return is 40.4%

g) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.80 in 6 months 3 days, total return is 39.1%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.69 (dividend RM0.035) in 8 months 5 days, total return is 35.8%

i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.84 (dividends RM0.063) in 9 months 15 days, total return is 19.7%

j) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.99 in 6 months 22 days, total return is 16.5%

k) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.58 (dividends RM0.04) in 9 months 22 days, total return is 13.3%

l) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.13 in 6 months 3 days, total return is 8.7%

m) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.12 (dividends RM0.084) in 11 months 23 days, total return is 6.2%

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

1)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

7月28日星期日：Silka Johor Bahru Hotel, Johor Bahru

8月10日星期六：AG Hotel Penang, George Town

9月7日星期六：Hotel Sri Petaling, KL

2)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

7月27日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心

8月11日星期日：AG Hotel Penang, George Town 4份点心

9月8日星期日：Hotel Sri Petaling, KL 3份点心

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

7月26日星期五：Silka Johor Bahru Hotel, Johor Bahru 5份点心

8月9日星期五：AG Hotel Penang, George Town 4份点心

9月6日星期五：Hotel Sri Petaling, KL 3份点心

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/2325332794400128 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

请大家来Follow James的Instagram，获取最新的资讯： https://www.instagram.com/p/B0SAz_gno05

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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[SALUTICA BHD: Given the more subdue economic climate and the increase in competition, the Group expects the overall demand for its current products for the remaining months for the year ended 30 June 2019 to soften]

In the third quarter ended 31 March 2019, total revenue generated by the Group remained soft at RM19.4 million against the RM48.0 million recorded in the same quarter last year, a decline of RM28.6 million. The complexity of the second generation cordless headset, with a few last remaining design changes and further field tests, continue to weigh on the Group’s resources – where they are holding excess resources and yet unable to realise them in its original intended mass production timeline. However, the expected mass production and subsequent shipments in the coming months leading to the close of the financial year ending 30 June 2019 is inadequate to recover the revenue shortfall in earlier months.

In line with the declining revenue, the Group posted a current quarter loss before tax of approximately RM4.1 million compared to approximately RM0.2 million loss in the corresponding quarter ended 31 March 2018, an increase loss of approximately RM3.9 million. This was due to higher cost incurred for holding excess resources pending the mass production approval for the second generation cordless headset and low production volume of existing products. For the current period under review, the Group recorded PBT of RM0.1 million compared to RM16.4 million in the preceding period, a decline of RM16.3 million.

The Group’s revenue for the current quarter ended 31 March 2019 decreased by approximately 58.6% compared to the preceding quarter ended 31 December 2018. The delay in the mass production for the new cordless headset product continues to weigh down on the revenue and the lower volume of the existing products.

Prospects:
Given the more subdue economic climate and the increase in competition, the Group expects the overall demand for its current products for the remaining months for the year ended 30 June 2019 to soften. The escalating trade tensions between US and China continues to cloud the global markets with uncertainties. Their existing customers have exercise caution in their product expansion plans and in their forecast which have affected the Group’s current year financial performance. The Board is of the opinion that the financial performance for the financial year ending 30 June 2019 will remain challenging.
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.66 (dividend RM0.015) in 11 months 10 days, total return is 134.3%

b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.44 in 7 months 7 days, total return is 80%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.38 (dividend RM0.04) in 1 year 21 days, total return is 78.6%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.59 (dividend RM0.1875) in 9 months 8 days, total return is 47%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.35 (dividend RM0.008) in 6 months 29 days, total return is 40.7%

f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.46 in 1 month 22 days, total return is 40.4%

g) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.80 in 6 months 3 days, total return is 39.1%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.69 (dividend RM0.035) in 8 months 5 days, total return is 35.8%

i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.84 (dividends RM0.063) in 9 months 15 days, total return is 19.7%

j) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.99 in 6 months 22 days, total return is 16.5%

k) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.58 (dividends RM0.04) in 9 months 22 days, total return is 13.3%

l) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.13 in 6 months 3 days, total return is 8.7%

m) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.12 (dividends RM0.084) in 11 months 23 days, total return is 6.2%

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/2325332794400128 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