[TELEKOM MALAYSIA BHD：业绩改善计划和有效的成本管理继续稳定其盈利能力]

2Q19 vs 2Q18:
融资成本前的营业利润由2018年第二季度的2.487亿令吉增加6.8％（1,680万令吉）至2.655亿令吉，原因是马电讯各项成本节约计划的持续影响导致经营成本减少。相应地，集团税后和非控股权益后利润（PATAMI）从1.02亿令吉增加12％（1220万令吉）至1.142亿令吉。

UNIFI：
息税前利润从去年同期的3790万令吉增加至本年度的5,570万令吉，主要是由于经营成本下降所致。

TM ONE：
息税前利润从去年同期的2.631亿令吉下降3.6％（950万令吉）至本季度的2.536亿令吉。

TM GLOBAL：
本季度的收入从去年第二季度的5.096亿令吉增加18.2％（9,290万令吉）至6.025亿令吉，主要由数据服务所贡献。因此，本季度的息税前利润为1.016亿令吉，较去年同期的670万令吉增加1,416.4％（9,490万令吉）。

YTD19 vs YTD18:
融资成本前的营业利润增加74.2％（3.285亿令吉）至7.711亿令吉，而去年则录得4.426亿令吉，主要是由于马电讯各项成本节约计划导致经营成本下降所致。因此，集团的税后和非控股权益后利润（PATAMI）从去年同期的2.591亿令吉增加63.1％（1.634亿令吉）至4.225亿令吉。

UNIFI：
由于运营成本下降，本财政期间的利润从去年的2,450万令吉增加920.8％（2.256亿令吉）至2.501亿令吉。

TM ONE：
本财政期间的利润增加1.2％（620万令吉），由5.112亿令吉增加至5.174亿令吉，主要来自营运成本的减少。

TM GLOBAL：
TM GLOBAL在本财政期间收入为11.806亿令吉，较去年同期报告的10.28亿令吉增加14.8％（1.526亿令吉），主要受数据服务的推动。这导致利润从去年同期的5,020万令吉增加334.1％（1.677亿令吉）至本期末的2.179亿令吉。

2Q19 vs 1Q19:
融资成本前营业利润由上一季度录得的5.056亿令吉减少2亿4,010万令吉至2亿6,550万令吉，受运营成本上升影响，主要包括当前确认的1.246亿令吉的减值亏损。

前景：
集团的业绩改善计划和有效的成本管理继续稳定其盈利能力。他们的重点仍然是客户，并通过投资改善客户体验，增加所有部门的客户量并增加收入来增强集团的业绩。
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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 RM1.60 (dividend RM0.015) in 1 year 23 days, total return is 125.9%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.45 (dividend RM0.04) in 1 year 2 months 3 days, total return is 87.4%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.24 in 8 months 19 days, total return is 55%

d) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.68 (dividend RM0.07) in 9 months 17 days, total return is 37.8%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.78 in 7 months 15 days, total return is 35.7%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.08 (dividends RM0.063) in 10 months 28 days, total return is 34.8%

g) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.29 (dividend RM0.1875) in 10 months 21 days, total return is 31.1%

h) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.25 (dividend RM0.008) in 8 months 12 days, total return is 30.4%

i) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.34 in 3 months 2 days, total return is 28.8%

j) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM1.94 (dividend RM0.01) in 3 months 1 day, total return is 16.8%

k) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.36 (dividends RM0.084) in 1 Year 1 month 6 days, total return is 12.2%

l) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.55 (dividends RM0.04) in 11 months 4 days, total return is 11.2%

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页面与我联系。

1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡

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

12月22日星期日：AG Hotel Penang, George Town 2份点心

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

9月7日星期六：Hotel Sri Petaling, KL

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

12月21日星期六：AG Hotel Penang, George Town

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

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

12月20日星期五：AG Hotel Penang, George Town 2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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[TELEKOM MALAYSIA BHD: performance improvement initiatives and efficient cost management continue to stabilise their profitability]

2Q19 vs 2Q18:
Operating profit before finance cost increased by 6.8% (RM16.8 million) from RM248.7 million in the 2nd quarter of 2018 to RM265.5 million due to reduction in operating costs from the continuing impact of the Group’s various cost initiatives. Correspondingly, Group profit after tax and non-controlling interests (PATAMI) increased by 12.0% (RM12.2 million) from RM102.0 million to RM114.2 million.

unifi:
EBIT increased from RM37.9 million in the corresponding quarter last year to RM55.7 million in the current year quarter mainly due to lower operating costs.

TM ONE:
EBIT decreased 3.6% (RM9.5 million) to RM253.6 million in the current quarter from RM263.1 million in the corresponding quarter last year.

TM GLOBAL:
Revenue for the current quarter increased 18.2% (RM92.9 million) from RM509.6 million in 2nd quarter last year to RM602.5 million mainly contributed by data services. Consequently, EBIT for the current quarter was RM101.6 million, a 1,416.4% (RM94.9 million) increase from the RM6.7 million in the corresponding quarter last year.

YTD19 vs YTD18:
Operating profit before finance cost increased by 74.2% (RM328.5 million) to RM771.1 million as compared to RM442.6 million recorded in the preceding year mainly due to lower operating costs resulting from the Group’s various cost initiatives. Consequently, Group profit after tax and non-controlling interests (PATAMI) increased by 63.1% (RM163.4 million) to RM422.5 million from RM259.1 million in corresponding period last year.

unifi:
Profit for the current financial period increased by 920.8% (RM225.6 million) to RM250.1 million from RM24.5 million last year due to lower operating costs.

TM ONE:
Profit for the current financial period increased by 1.2% (RM6.2 million) from RM511.2 million to RM517.4 million mainly from the decrease in operating costs.

TM GLOBAL:
TM GLOBAL registered revenue of RM1,180.6 million for the current financial period, a 14.8% (RM152.6 million) increase from RM1,028.0 million reported in the corresponding period last year mainly driven by data services. This led to 334.1% (RM167.7 million) increase in profit from RM50.2 million in the corresponding period last year to RM217.9 million in the current period ended.

2Q19 vs 1Q19:
Operating profit before finance cost decreased RM240.1 million to RM265.5 million from RM505.6 million recorded in the preceding quarter with impact from higher operating costs which included mainly the RM124.6 million impairment loss recognised in the current
quarter.

Prospects:
The Group’s performance improvement initiatives and efficient cost management continue to stabilise their profitability. Their focus remains toward their customers, and to strengthen the Group’s performance by investing to improve customer experience, increase customer acquisitions across all segments and grow their revenue.
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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