[GEORGE KENT MALAYSIA BHD：水表部门的业绩反映出较低的出口销售和利润率]

工程：
截至2019年7月31日止的本季收入为6892万令吉，较2018年同期的7991万令吉减少14％。截至2019年7月31日的本季度，部门盈利为1703万令吉，跌了41％（相比2018年同期的2896万令吉），有所下降。部门利润下降主要是由于收入下降。

截至2019年7月31日止期间的收入为1.2035亿令吉，较2018年同期的1.529亿令吉减少21％，这是由于项目结束时的收益贡献较低。由于收入减少，截至2019年7月31日止期间的部门利润为3,341万令吉，较截至2018年7月31日止期间的5,027万令吉减少34％。

水表：
截至2019年7月31日止的本季收入为2880万令吉，较2018年同期的3,302万令吉减少13％。截至2019年7月31日的本季度，部门利润为433万令吉，与2018年同期的650万令吉相比降低了33％，主要是由于本季度的销售额和毛利率下降。截至2019年7月31日止期间的部门盈利为932万令吉，较2018年同期的1,259万令吉减少26％，主要是由于本期间的毛利率较低。

税前合并利润：
集团当前季度的税前利润为1,575万令吉（2018年7月31日：2,988万令吉），降低了47％。税前利润较低主要是由于工程部门的贡献较低。其他收益/（损失）主要来自所持有外币的88万令吉未实现汇兑损失（2018年7月31日：181万令吉未实现收益）。

截至2019年7月31日止期间，这集团的税前利润为3,367万令吉（2018年7月31日：5,557万令吉），减少了39％。税前利润较低主要是由于工程部门的贡献较低。其他收益/（损失）主要来自所持有外币的54万令吉未实现外汇损失（2018年7月31日：448万令吉未实现收益）。

QoQ：
截至2019年7月31日的当前季度，税前利润比上一季度下降12％，原因是工程部门贡献的利润下降。

前景：
水表部门的业绩反映出较低的出口销售和利润率。

水表：
与霍尼韦尔（Honeywell）于2019年6月签订的长期许可协议使乔治肯特能够更好地控制其零部件供应，以满足日益增长的国内外对水表的需求。该协议还将有助于降低生产成本，并为集团提供另外15个地区来出售其水表。

工程：
他们继续投入大量资源以促进项目的及时交付。
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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 RM0.025) in 1 year 1 month 11 days, total return is 135.7%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.42 (dividend RM0.04) in 1 year 2 months 22 days, total return is 83.6%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.23 in 9 months 10 days, total return is 53.8%

d) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.635 in 1 month, total return is 39.6%

e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.32 (dividend RM0.018) in 9 months 2 days, total return is 38.7%

f) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.65 (dividend RM0.07) in 10 months 8 days, total return is 35.4%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.05 (dividends RM0.083) in 11 months 16 days, total return is 34.2%

h) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.76 in 8 months 6 days, total return is 32.2%

i) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.29 (dividend RM0.1875) in 11 months 12 days, total return is 31.1%

j) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.08 (dividend RM0.01) in 3 months 21 days, total return is 25.1%

k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.22 in 3 months 21 days, total return is 17.3%

l) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.27 (dividends RM0.111) in 1 Year 1 month 25 days, total return is 10.6%

m) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.45 (dividends RM0.04) in 11 months 23 days, total return is 4.2%

n) PMETAL (PRESS METAL ALUMINIUM HOLDINGS BHD), recommended on 26 Aug 18, initial price was RM4.78, rose to RM4.89 (dividends RM0.075) in 1 Year 28 days, total return is 3.9%

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

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

12月29日星期日：Hotel Sri Petaling, KL 3份点心

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

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

12月28日星期六：Hotel Sri Petaling, KL

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

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

12月27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

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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[GEORGE KENT MALAYSIA BHD: Metering division's results reflect lower export sales and margins]

Engineering:
Revenue of RM68.92 million for the current quarter ended 31 July 2019 was 14% lower as compared to RM79.91 million for the corresponding quarter in 2018. Segment profit of RM17.03 million for the current quarter ended 31 July 2019 was 41% lower as compared to RM28.96 million for the corresponding quarter in 2018. The lower segment profit was mainly contributed by the lower revenue.

Revenue of RM120.35 million for the period ended 31 July 2019 was 21% lower as compared to RM152.90 million for the corresponding period in 2018 attributed to the lower revenue contribution towards the end of a project. Segment profit of RM33.41 million for the period ended 31 July 2019 was 34% lower as compared to RM50.27 million for the period ended 31 July 2018 due to lower revenue.

Metering:
Revenue of RM28.80 million for the current quarter ended 31 July 2019 was 13% lower compared to RM33.02 million for the corresponding quarter in 2018. Segment profit of RM4.33 million for the current quarter ended 31 July 2019 was 33% lower as compared to RM6.50 million for the corresponding quarter in 2018 mainly due to the lower sales and gross profit margin in the current quarter. Segment profit of RM9.32 million for the period ended 31 July 2019 was 26% lower as compared to RM12.59 million for the corresponding period in 2018 mainly due to the lower gross profit margin in the current period.

Consolidated profit before tax:
The Group's current quarter profit before tax of RM15.75 million (31 July 2018: RM29.88 million) was 47% lower. The lower profit before tax reported was mainly attributed to lower contribution from the Engineering division. Other gains /(losses) mainly arose from unrealised loss on foreign exchange of RM0.88 million (31 July 2018: unrealised gain of RM1.81 million) on foreign currencies held.

The Group's profit before tax for the period ended 31 July 2019 of RM33.67 million (31 July 2018: RM55.57 million) was 39% lower. The lower profit before tax reported was mainly attributed to lower contribution from the Engineering division. Other gains /(losses) mainly arose from unrealised loss on foreign exchange of RM0.54 million(31 July 2018: unrealised gain of RM4.48 million) on foreign currencies held.

QoQ:
The profit before taxation for the current quarter ended 31 July 2019 is 12% lower than the preceding quarter due to lower profit contributed by the Engineering division.

Prospects:
The Metering division's results reflect lower export sales and margins.

Metering:
The long-term Licensing Agreement with Honeywell, signed in June 2019, enables the Group to have better control over their component supply to meet increasing domestic and global demand for water meters. This agreement will also help reduce production cost and provide the Group with 15 additional territories to sell their water meters.

Engineering:
They continue to invest substantial resources to facilitate the timely delivery of their projects.
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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