[ONLY WORLD GROUP HOLDINGS BHD：The Top，Komtar Tower，Penang的业务量较低以及Kota Tinggi Resorts于2019年2月底关闭]

3Q19 vs 3Q18:
截至2019年3月31日止的本财政季度，这集团分别实现收入，EBITDA和税前亏损分别为2930万令吉，330万令吉及550万令吉。收入2,930万令吉减少了RM420万与或13％，而相比截至2018年3月31日止的相应3个月财政季度的收入为3,350万令吉。

“食品服务业务”部门录得本财政季度收入增加250万令吉，主要是由于2018年12月Sky Avenue, Genting Highlands的Skytropolis Funland, Genting Highlands Indoor Theme Park开业影响，在云顶高原的食品服务店面，顾客人数增加了。

「娱乐及康乐业务」部门于本财政季录得收入减少680万令吉，主要是由于The Top，Komtar Tower，Penang的业务量较低以及Kota Tinggi Resorts于2019年2月底关闭。比起前一年对应的季度，“其他服务业务”部门录得本财政季度收入增加6.5万令吉，主要是由于本季度在Sky Avenue, Genting Highlands开设了3家新零售店。

本财政季度的税前亏损为550万令吉，相比之前一年截至2018年3月31日的相应季度的150万令吉的税前利润。减少700万令吉主要是由于The Top, Komtar Tower, Penang的业务量减少。

YTD19 vs YTD18:
截至2019年3月31日止的9个月财政期间，这集团分别实现收入，EBITDA及税前亏损分别为9560万令吉，2200万令吉及430万令吉。收入9560万令吉减少RM10万或约0.1％，相比截至2018年3月31日止财政季度的相应9个月期间的收入为9570万令吉。

截至2019年3月31日止的9个月财政期间，「食品服务业务」部门录得收入增加400万令吉，主要是由于Sky Avenue, Genting Highlands的Skytropolis Funland, Genting Highlands Indoor Theme Park在2018年12月开业的影响，使云顶高原（Genting Highlands）食品服务店面的顾客人数增加。

「娱乐及康乐业务」部门于截至2019年3月31日止的9个月财政期间录得收入减少760万令吉，主要是由于The Top，Komtar Tower，槟城的营业额较低和Kota Tinggi Resorts于2019年2月底关闭。与前一年相对应的时期，「其他服务营运」部门于截至二零一九年三月三十一日止的九个月财政期间录得收入增加350万令吉，主要由于在Sky Avenue, Genting Highlands开设三间新零售店。

截至2019年3月31日止的当前9个月财政期间的税前亏损为430万令吉，而去年同期截至2018年3月31日的相应税前利润为730万令吉。税前利润减少1,160万令吉，主要是由于The Top，Komtar Tower，Penang的业务量下降，折旧和摊销费用增加了530万令吉，运营成本增加了390万令吉，并被Kota Tinggi Resorts注销130万令吉。

3Q19 vs 2Q19:
本财政季度的税前亏损为550万令吉，而前一季度税前利润为10万令吉。表现恶化了560万令吉，主要是由于槟城Komtar Tower的Top Top业务量减少。

前景：
董事会一般对这集团的表现持乐观态度，但对截至2019年6月30日止财政年度的现行经济状况持谨慎态度。
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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 RM1.65 (dividend RM0.015) in 11 months 16 days, total return is 132.9%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.37 (dividend RM0.04) in 1 year 27 days, total return is 77.4%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.41 in 7 months 13 days, total return is 76.3%

d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.54 (dividend RM0.1875) in 9 months 14 days, total return is 44.3%

e) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.44 in 1 month 28 days, total return is 38.5%

f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.79 in 6 months 9 days, total return is 37.4%

g) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.65 (dividend RM0.035) in 8 months 11 days, total return is 32.7%

h) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.27 (dividend RM0.008) in 7 months 6 days, total return is 32.4%

i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.89 (dividends RM0.063) in 9 months 21 days, total return is 22.8%

j) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.62 (dividends RM0.04) in 9 months 28 days, total return is 16.1%

k) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 6 months 28 days, total return is 15.3%

l) HUAYANG (HUA YANG BHD), recommended on 17 Feb 19, initial price was RM0.40, rose to RM0.45 in 5 months 12 days, total return is 12.5%

m) FIAMMA (FIAMMA HOLDINGS BHD), recommended on 23 Sep 18, initial price was RM0.495, rose to RM0.495 (dividend RM0.0225) in 10 months 6 days, total return is 4.5%

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页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

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

10月19日星期六：Silka Johor Bahru Hotel, Johor Bahru 5份点心

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

8月10日星期六：AG Hotel Penang, George Town

9月7日星期六：Hotel Sri Petaling, KL

10月20日星期日：Silka Johor Bahru Hotel, Johor Bahru

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

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

10月18日星期五：Silka Johor Bahru Hotel, Johor Bahru 5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

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：jamesnginvest

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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[ONLY WORLD GROUP HOLDINGS BHD: lower volume of business at The Top, Komtar Tower, Penang and the closure of Kota Tinggi Resorts in end of February 2019]

3Q19 vs 3Q18:
The Group achieved revenue, EBITDA and loss before taxation of RM29.3 million, RM3.3 million and RM5.5 million respectively for the current financial quarter ended 31 March 2019. The revenue of RM29.3 million represented a decrease of RM4.2 million or 13% as compared to the revenue of RM33.5 million recorded for the corresponding 3-month financial quarter ended 31 March 2018.

The segment of 'Food Service Operations' recorded an increase in revenue of RM2.5 million in the current financial quarter mainly due to the impact on the opening of Skytropolis Funland, Genting Highlands Indoor Theme Park at Sky Avenue, Genting Highlands in December 2018, which saw an increase in patrons to their food service outlets in Genting Highlands.

The segment of 'Amusement and Recreation Operations' recorded a decrease in revenue of RM6.8 million in the current financial quarter mainly due to the lower volume of business at The Top, Komtar Tower, Penang and the closure of Kota Tinggi Resorts in end of February 2019. The segment of 'Other Service Operations' recorded an increase in revenue of RM0.065 million in the current financial quarter mainly due to the opening of 3 new retail outlets at the Sky Avenue, Genting Highlands in the current quarter as compared to the preceding year corresponding quarter.

Loss before taxation for the current financial quarter was RM5.5 million as compared to profit before taxation of RM1.5 million of the preceding year's corresponding quarter ended 31 March 2018. The decrease of RM7.0 million was mainly due to lower volume of business at The Top, Komtar Tower, Penang.

YTD19 vs YTD18:
The Group achieved revenue, EBITDA and loss before taxation of RM95.6 million, RM22.0 million and RM4.3 million respectively for the 9-month financial period ended 31 March 2019. The revenue of RM95.6 million represented a decrease of RM0.1 million or approximately 0.1% as compared to the revenue of RM95.7 million recorded for the corresponding 9-months period for the financial quarter ended 31 March 2018.

The segment of 'Food Service Operations' recorded an increase in revenue of RM4.0 million in the current 9-month financial period ended 31 March 2019 mainly due to the impact on the opening of Skytropolis Funland, Genting Highlands Indoor Theme Park at Sky Avenue, Genting Highlands in December 2018, which saw an increase in patrons to their food service outlets in Genting Highlands.

The segment of 'Amusement and Recreation Operations' recorded a decrease in revenue of RM7.6 million in the current 9-month financial period ended 31 March 2019 mainly due to the lower volume of business at The Top, Komtar Tower, Penang and the closure of Kota Tinggi Resorts in end of February 2019. The segment of 'Other Service Operations' recorded an increase in revenue of RM3.5 million in the current 9-month financial period ended 31 March 2019 mainly due to the opening of 3 new retail outlets at the Sky Avenue, Genting Highlands as compared to the preceding year corresponding period.

Loss before taxation for the current 9-month financial period ended 31 March 2019 was RM4.3 million as compared to profit before taxation of RM7.3 million of the preceding year's corresponding year-to-date ended 31 March 2018. The decrease in profit before taxation of RM11.6 million was mainly due to lower volume of business at The Top, Komtar Tower, Penang, higher depreciation and amortisation charge of by RM5.3 million, higher operating costs by RM3.9 million and written off of Kota Tinggi Resorts of RM1.3 million.

3Q19 vs 2Q19:
Loss before taxation for the current financial quarter was RM5.5 million compared to the immediate preceding quarter profit before taxation of RM0.1 million. The deterioration of performance by RM5.6 million was mainly due to lower volume of business at The Top, Komtar Tower, Penang.

Prospects:
The Board is generally positive of the Group’s performance but cautious of the prevailing economic conditions for the financial year ending 30 June 2019.
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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.

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