[HSS ENGINEERS BHD：在2019年6月30日的未入账订单为RM504922000，将在平均未来两（2）至五（5）年内逐步计费]

YoY:
工程设计：
根据东海岸铁路线（“ ECRL”）项目的完成进度和暂停，于2019年6月30日的本季度和当期的工程设计收入分别减少了1,360万令吉或63.4％和1,910万令吉或54.9％。他们已于2019年7月11日宣布接受ECRL新铁路计划和计划设计研究的委任书。

施工监理：
由于SMHB Engineering的业绩从2018年4月1日起生效，所以本期的施工监督服务比截至2018年6月30日的同期增加了1110万令吉或43.6％。

项目管理：
根据项目进展以及Projek Mass Rapid Transit Laluan 2: Sungai Buloh-Serdang-Putrajaya的订正合同范围和合同价值的减少，本季度和当期来自项目管理部门的收入，相比截至2018年6月30日的相应季度和期间，分别减少了390万令吉或36.1％和960万令吉或41.4％。

BIM服务：
本季度收入增长主要是由于BIM项目取得了积极进展。

这集团录得当期LAT为250万令吉，而去年同期的税后利润则为780万令吉。他们在2019年6月30日的未入账订单为RM504922000，将在平均未来两（2）至五（5）年内逐步计费。

2Q19 vs 1Q19:
由于无形资产摊销和收入下降，比起上一季度，本季度的税前利润下降了420万令吉，至税前亏损为300万令吉。

前景：
水基础设施部门的前景：
SMHB工程集团作为一家重要的参与者，已经在马来西亚从事水务行业超过55年，在宣布水和污水处理基础设施项目时，它已准备好加入这个行列。事实上，SMHB已经开始大力参与最近公布的招标，特别是在沙捞越和沙巴，缺水是国家关注的问题。

未来的计划：
（a）东盟主要地区的扩展，主要是菲律宾，印度尼西亚和印度地区的公共交通和水部门

（b）这集团正积极推行计划，通过建立经常性收入以及投资于长期收入合约，与其现有能力互补的方式来实现收入来源多元化。
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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 RM1.88 (dividend RM0.025) in 1 year 2 months 13 days, total return is 166.4%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.87 in 1 month 29 days, total return is 91.2%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.42 (dividend RM0.04) in 1 year 3 months 23 days, total return is 83.6%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.94 in 9 months 5 days, total return is 63.5%

e) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.27 in 10 months 9 days, total return is 58.8%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.18 (dividends RM0.083) in 1 Year 18 days, total return is 42.3%

g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.35 (dividend RM0.018) in 10 months 2 days, total return is 41.8%

h) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.31 (dividend RM0.01) in 4 months 22 days, total return is 38.9%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.67 (dividend RM0.07) in 11 months 7 days, total return is 37%

j) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.25 (dividend RM0.22) in 1 Year 11 days, total return is 30.7%

k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.31 in 4 months 22 days, total return is 26%

l) DESTINI (DESTINI BHD), recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.23 in 1 months 1 day, total return is 15%

m) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.20 (dividends RM0.111) in 1 Year 2 months 25 days, total return is 8.9%

n) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.51 (dividends RM0.04) in 1 Year 25 days, total return is 8.4%

o) FIAMMA (FIAMMA HOLDINGS BHD), recommended on 23 Sep 18, initial price was RM0.495, rose to RM0.51 (dividends RM0.0225) in 1 Year 1 month 2 days, total return is 7.6%

p) GTRONIC (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.16 (dividends RM0.08) in 1 Year 3 months 17 days, total return is 3.2%

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

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

2020年2月22日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

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

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

12月28日星期六：Hotel Sri Petaling, KL

2020年2月23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

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

2020年2月21日星期五：Silka Johor Bahru Hotel, Johor Bahru 7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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[HSS ENGINEERS BHD: unbilled order book as at 30 June 2019 is RM504922000, will be billed progressively on average over the next two (2) to five (5) years]

YoY:
Engineering design:
In line with the completion progress of projects and suspension of East Coast Rail Link (“ECRL”) project, the engineering design revenue declined by RM13.6 million or 63.4% and RM19.1 million or 54.9% for the current quarter and current period ended 30 June 2019 respectively. At the date of this report, they have announced on 11 July 2019 on the acceptance of Letter of Appointment for the New Railway Scheme and Scheme Design Study for ECRL project.

Construction supervision:
Construction supervision services for the current period has increased by RM11.1 million or 43.6% as compared to corresponding period ended 30 June 2018 due to consolidation of results of SMHB Engineering with effect from 1 April 2018.

Project management:
In line with the progress of projects and the revised scope and reduction in the value of contract for Projek Mass Rapid Transit Laluan 2: Sungai Buloh-Serdang-Putrajaya, the revenue from project management segment for the current quarter and current period decreased by RM3.9 million or 36.1% and RM9.6 million or 41.4% as compared to the corresponding quarter and period ended 30 June 2018 respectively.

BIM services:
The growth in revenue for the current quarter was mainly due to positive progress of BIM projects.

The Group recorded LAT of RM2.5 million for current period compared to profit after tax of RM7.8 million for corresponding period of previous year. Their unbilled order book as at 30 June 2019 is RM504922000, will be billed progressively on average over the next two (2) to five (5) years.

2Q19 vs 1Q19:
Profit before tax declined by RM4.2 million to a loss before tax of RM3.0 million for the current quarter as compared to immediate preceding quarter due to amortisation of intangible assets and decline in revenue.

Prospects:
Prospects in the Water Infrastructure Sector:
SMHB Engineering Group, being a key player and having been in the water industry in Malaysia for more than 55 years, is well positioned to jump on board the bandwagon when the water and sewerage infrastructure projects are announced. In fact, SMHB is already taking strides to participate in the recent tenders that have been released, particularly in Sarawak and Sabah where water shortage is a state concern.

Future Plans:
(a) Geographical expansion into ASEAN mainly Philippines, Indonesia & INDIA regions in the areas of public transportation and water sectors

(b) The Group is actively pursuing plans to diversify its revenue stream by building recurring income as well as venturing into long term income based contracts, in a manner that is complementary to their existing capabilities.
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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