[UEM EDGENTA BHD：获得新项目，来自新加坡和台湾业务的收入增加了，高速公路有更多工作，更多出售物业单位的收入]

2Q19 vs 1Q19:
集团在本季度的收入为5.954亿令吉，比上一季度的5亿1590万令吉增加7950万令吉或15.4％：

资产管理：
资产管理部门的收入增加了1,450万令吉，主要是由于期内获得新项目，物业和设施解决方案（“ PFS”）部门的收入增加了21.3％。医疗保健支持（“ HS”）部门的收入增长了2.4％，这主要是由于来自新加坡和台湾业务的收入增加了。

基础架构解决方案：
基础设施解决方案部的收入增加了3,940万令吉，主要是由于基础设施服务（“ IS”）部门的收入增加26.0％，这是由于该期间高速公路的更多工作所致。

其他：
物业发展（PD）部门录得来自更多出售物业单位的收入。

本季度的集团税前利润（PBT）为4,680万令吉，比上一季度的4,600万令吉高1.6％：

资产管理：
HS部门的PBT下降了14.0％，这是由于激烈竞争导致较新的商业项目利润率下降。由于设施和城市管理业务成本的增加，PFS部门的PBT较低。

基础架构解决方案：
相反地，基础设施解决方案在本期间的PBT提高了1,220万令吉，主要是IS部门贡献的PBT改善了680万令吉，与公认的较高收入一致。尽管由于进行中项目的收入减少，但因利润率提高，AC部门的业绩也提高了530万令吉。

其他：
尽管PD部门取得了更好的业绩，但由于支出增加，PBT有所下降。

YoY：
集团在本季度的收入为5.954亿令吉，比去年同期的5.461亿令吉高出4,930万令吉。这集团在六个月期间录得11.113亿令吉，比去年同期的10.069亿令吉增加1.044亿令吉或10.4％：

资产管理：
资产管理部门的收入比去年同期增长了7740万令吉，这是由于HS部门的收入增长了19.7％，主要来自所有地区获得的新合同。

基础架构解决方案：
基础设施解决方案的收入也有所改善，显示IS部门为高速公路所做的大量工作，收入增加了700万令吉。

其他：
PD部门因出售更多的物业而录得收入激增。

集团在六个月期间录得较高的PBT 9280万令吉，比去年同期增加260万令吉：

资产管理：
资产管理部门取得了更好的业绩，与前期相比增加了1,060万令吉，这归功于HS部门在收入增加的推动下。

基础架构解决方案：
基础设施解决方案的业绩减少了1,200万令吉，主要是由于AC部门当前项目的利润率降低以及IS部门的运营成本增加。

其他：
较低的利息费用使PBT有所改善，而PD部门的收入增加使业绩更好。

Economic profit (“EP”) statement：
EP为770万令吉，比上一年同期的340万令吉增加了430万令吉，这主要是由于WACC降低导致该期间的经济费用减少。 EP的1460万令吉比上年同期的110万令吉增加了1350万令吉，这是由于本季度录得的息税前利润增加，加上经济费用减少。

前景：
在2019年上半年，UEM Edgenta Berhad（“ UEMEd”或“公司”）的收入继续保持同比增长10.4％的增长轨迹。在基础设施行业充满挑战的背景下，该期间的税前利润（“ PBT”）和税后利润（“ PAT”）与去年同期相比分别增长了2.8％和4.6％。

公司将继续关注其持续改进框架下的卓越运营以及推出技术和创新计划，以提高效率并节省成本。董事会将保持警惕，并将继续监督国家经济政策（例如2020年预算）的发展，并评估机遇和可能出现的挑战。

资产管理：
在医疗保健支持部门的强劲表现下，资产管理部门在此期间实现了显着增长。期内收入及PBT分别按年增长19.7％及25.9％。这归因于在此期间在马来西亚以及区域内获得和/或开始的新合同。

展望未来，医疗保健支持以及物业和设施解决方案部门将继续专注于在新加坡和马来西亚，以确保有更多业务，并通过卓越的运营和技术来优化新合同的利润。

基础架构解决方案：
基础设施服务部门的收入温和增长了2.2％；在高速公路上完成大量工作的背景下；但是，由于运营成本增加，PBT增长被抑制了。在今年余下的时间里，基础设施服务部门将专注于在高速公路养护业务中以效率为基础的新合同。至于咨询业务，它将继续为新获得的砂拉越的沿海路网和第二主干道项目提供服务。
-----------------------------
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 RM1.91 (dividend RM0.025) in 1 year 2 months 10 days, total return is 170.6%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.885 in 1 month 26 days, total return is 94.5%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.40 (dividend RM0.04) in 1 year 3 months 20 days, total return is 81.1%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.945 in 9 months 2 days, total return is 64.3%

e) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.27 in 10 months 6 days, total return is 58.8%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.24 (dividends RM0.083) in 1 Year 15 days, total return is 46.1%

g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.37 (dividend RM0.018) in 9 months 28 days, total return is 43.8%

h) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.38 (dividend RM0.01) in 4 months 19 days, total return is 43.1%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.65 (dividend RM0.07) in 11 months 4 days, total return is 35.4%

j) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.33 in 4 months 19 days, total return is 27.9%

k) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.19 (dividend RM0.22) in 1 Year 8 days, total return is 27.5%

l) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.23 (dividends RM0.111) in 1 Year 2 months 22 days, total return is 9.6%

m) GTRONIC (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.27 (dividends RM0.08) in 1 Year 3 months 14 days, total return is 8.3%

n) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.48 (dividends RM0.04) in 1 Year 22 days, total return is 6.3%

o) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.88 in 9 months 22 days, total return is 3.5%

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。

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有兴趣的朋友，可以电邮或PM FB page联络我
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电话/Whatsapp : 011 - 15852043

Facebook Group: https://www.facebook.com/groups/jamesinvesting

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James Ng
------------------------------
[UEM EDGENTA BHD: new project secured, increased revenue from Singapore and Taiwan operations, more work done for expressways, more property units sold]

2Q19 vs 1Q19:
The Group’s revenue for the current quarter of RM595.4 million was RM79.5 million or 15.4% higher than the immediate preceding quarter’s RM515.9 million:

Asset Management:
Revenue from Asset Management Segment is higher by RM14.5 million, mainly contributed by a 21.3% increase in revenue from Property and Facility Solutions ("PFS") division due to new project secured during the period. The Healthcare Support ("HS") division also noted an increase of revenue by 2.4% mainly due to increased revenue from Singapore and Taiwan operations.

Infrastructure Solutions:
Infrastructure Solutions Segment also noted higher revenue by RM39.4 million, mainly contributed by a 26.0% revenue increase in Infrastructure Services ("IS") division due to more work done for expressways during the period.

Others:
Property Development ("PD") division recorded higher revenue from more property units sold.

The Group’s profit before tax ("PBT") for the current quarter of RM46.8 million was 1.6% higher than the immediate preceding quarter’s RM46.0 million:

Asset Management:
HS division recorded lower PBT by 14.0% due to lower margin from of newer commercial projects resulting from intense competition. PFS division registered lower PBT due to increased costs in its facilities and township management operations.

Infrastructure Solutions:
Conversely, Infrastructure Solutions recorded higher PBT for the period by RM12.2 million mainly contributed by IS division which recorded better PBT by RM6.8 million, in line with the higher revenue recognised. AC division's results also improved by RM5.3 million, despite lower revenue due to better margin for on-going projects.

Others:
PBT lower due to higher expenses, despite better results by PD division.

YoY:
The Group’s revenue for the current quarter of RM595.4 million was higher by RM49.3 million as compared to RM546.1 million in the corresponding quarter last year. The Group recorded RM1,111.3 million for the six-month period, which is RM104.4 million or 10.4% higher as compared to RM1.006.9 million in the corresponding period last year:

Asset Management:
Revenue from Asset Management grew higher compared to prior year corresponding period, increasing by RM77.4 million driven by a 19.7% increase in revenue from HS division, primarily from new contracts secured across all regions.

Infrastructure Solutions:
Revenue from Infrastructure Solutions also improved, showing an increase of RM7.0 million from higher volume of work done for expressways by IS division.

Others:
PD division recorded a surge in revenue from higher number of property units sold.

The Group recorded higher PBT of RM92.8 million for the six-month period, an increase of RM2.6 million from the corresponding period last year:

Asset Management:
Asset Management recorded improved results with RM10.6 million increase compared to prior period, contributed by HS division on the back of increased revenue.

Infrastructure Solutions:
Infrastructure Solutions posted lower results by RM12.0 million mainly contributed by lower margins from current projects in AC division and due to increased operational costs in IS division.

Others:
PBT improved from lower interest expenses and better results by PD division from the higher revenue recorded.

Economic profit (“EP”) statement:
EP of RM7.7 million increased by RM4.3 million as compared to the preceding year corresponding period of RM3.4 million mainly due to reduction in economic charge for the period resulting from lower WACC. EP of RM14.6 million is higher by RM13.5 million as compared to the preceding year corresponding quarter of RM1.1 million due to higher earnings before interest and tax recorded for the current quarter, coupled by the lower economic charge.

Prospects:
In the first half of 2019, revenue for UEM Edgenta Berhad (“UEMEd” or the “Company”) continued on a growth trajectory of 10.4% growth on a year-on-year basis. Against a challenging backdrop for the infrastructure sector, profit before tax (“PBT”) and profit after tax (“PAT”) for the period grew at 2.8% and 4.6%, compared to the same period in the preceding year.

The Company is continuing to focus on operational excellence under its Continuous Improvement framework as well as roll-out technology and innovation initiatives to improve efficiency and deliver cost savings. The Board will be vigilant and continue to monitor the development of national economic policies, such as the Budget 2020, and assess opportunities as well as challenges that may arise.

Asset Management:
The Asset Management segment delivered significant growth during the period, on the back of the Healthcare Support division recording a strong performance. Revenue and PBT for the period grew by 19.7% and 25.9% on a year-on-year basis, respectively. This is attributable to new contracts secured and/or which commenced during the period in Malaysia as well as well regionally.

Moving forward, the Healthcare Support as well as the Property and Facility Solutions divisions will continue to focus on securing more business in both Singapore and Malaysia, as well as optimising the margins of new contracts through operational excellence and technology.

Infrastructure Solutions:
The Infrastructure Services division generated a modest revenue growth of 2.2%; on the back of higher volume of work done for expressways; however, PBT growth was muted on the back of increased operational costs. For the remainder of the year, the Infrastructure Services division will focus on securing new contracts with efficiency-based elements in the expressway maintenance business. As for the Consultancy business, it will continue to deliver its services for the newly-secured Sarawak’s Coastal Road Network and Second Trunk Roads project.
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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