[YONG TAI BHD：Impression City开发的下一阶段是Terra Square项目，该项目包括零售和商店单元，线性购物中心，和四星级酒店的开发，这些将在14.6英亩的土地上建造，预计可出租净面积为700,000平方英尺]

4Q19 vs 4Q18:
物业发展：
截至2019年6月30日止的本季度，集团录得收入816万令吉及LBT 6944万令吉，而去年同期则为收入2827万令吉及PBT 1,005万令吉。

物业投资：
本季度，这集团的税前亏损为812万令吉，主要是由于门票销售低以及加上折旧费，摊销和利息费用等非经营费用，这些费用在Encore马六甲开始运营后不再资本化。

YTD19 vs YTD18：
物业发展：
在迄今的财政年度中，集团的LBT达5763万令吉，因有8943万令吉的收入，分别较上一财政年度的PBT和收入减少了8433万令吉和4066万令吉。

物业投资：
在迄今的财政年度中，集团的收入为1096万令吉，税前亏损为3484万令吉。

4Q19 vs 3Q19:
集团目前的季度税前亏损为7756万令吉，而截至2019年3月31日的上一季度的税前亏损为385万令吉。

前景：
集团致力于通过增加来自中国和其他亚洲国家（尤其是台湾和香港）的目标游客市场的访客人数来增加Encore Melaka的利用率，在这些国家和地区，本地主要旅游运营商现已开始将Encore Melaka表演纳入他们的马来西亚旅游行程中。集团也正在寻找战略投资者，共同运营Encore Melaka，以提升该剧院在中国和亚洲其他地区的知名度。

此外，作为旅游和文化相关物业的开发商，集团有望受益于政府加强马来西亚旅游业的举措，例如“ 2020年访问马来西亚”活动和“ 2020年马来西亚旅游业转型计划”，旨在实现3600万游客的入境和到2020年低，旅游业总收入将达到1680亿令吉。

这集团在推出项目时保持审慎态度，并专注于选择合适的产品来满足市场需求。 Impression City开发的下一阶段是Terra Square项目，该项目包括零售和商店单元，线性购物中心，和四星级酒店的开发，这些将在14.6英亩的土地上建造，预计可出租净面积为700,000平方英尺。Terra Square的开发预计将吸引更多的Encore Melaka游客，并进一步提高Impression City项目的总体开发价值。

截至2019年6月30日，未开单销售总额为4.1亿令吉，这归功于其正在进行的开发项目，即Apple，Amber Cove，The Dawn和Impression U-Thant，该集团预计截至2020年6月30日的本财政年度的财务业绩将有所改善。
-----------------------------
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 RM1.85 (dividend RM0.025) in 1 year 2 months 17 days, total return is 162.2%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.875 in 2 months 4 days, total return is 92.3%

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 27 days, total return is 81.1%

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

e) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.29 in 10 months 13 days, total return is 61.3%

f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.37 (dividend RM0.018) in 10 months 6 days, total return is 43.8%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.17 (dividends RM0.083) in 1 Year 22 days, total return is 41.7%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.72 (dividend RM0.07) in 11 months 11 days, total return is 40.9%

i) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.27 (dividend RM0.01) in 4 months 26 days, total return is 36.5%

j) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.26 (dividend RM0.22) in 1 Year 15 days, total return is 31.2%

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

l) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.54 (dividends RM0.04) in 1 Year 29 days, total return is 10.5%

m) DESTINI (DESTINI BHD), recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.22 in 1 months 5 days, total return is 10%

n) 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 29 days, total return is 8.9%

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 6 days, total return is 7.6%

p) GTRONIC (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.20 (dividends RM0.08) in 1 Year 3 months 21 days, total return is 5.1%

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
------------------------
[YONG TAI BHD: next phase of Impression City development is Terra Square project, which comprises the development of the retail and shop lot units, a linear mall, an outlet mall and a four-star hotel to be built on 14.6 acres of land with estimated net lettable area of 700,000 square feet]

4Q19 vs 4Q18:
Property Development:
The Group recorded revenue of RM8.16 million and LBT of RM69.44 million for the current quarter ended 30 June 2019 as compared to revenue of RM28.27 million and PBT of RM10.05 million in the preceding year quarter.

Property Investment:
For the current quarter under review, the Group incurred loss before tax of RM8.12 million mainly due to low ticket sales coupled with non-operating expenses such as depreciation, amortisation and interest charges which are no longer capitalised post commencement of the operation of Encore Melaka.

YTD19 vs YTD18:
Property Development:
During the financial year to-date, the Group achieved LBT of RM57.63 million on the back of RM89.43 million in revenue, which is RM84.33 million and RM40.66 million lower than the PBT and revenue achieved respectively in the preceding year.

Property Investment:
During the financial year to-date, the Group registered revenue of RM10.96 million and incurred loss before tax of RM34.84 million.

4Q19 vs 3Q19:
The Group’s current quarter loss before tax is RM77.56 million as compared to RM3.85 million loss before tax reported in the preceding quarter ended 31 March 2019.

Prospects:
The Group is committed to increasing the utilisation of Encore Melaka by growing visitor numbers from target tourist’ markets of China and other Asian countries, in particular Taiwan and Hong Kong where the key local tour operators have now started to include the Encore Melaka show as part of their Malaysian tour itineraries. The Group is also looking for strategic investor to jointly operate the Encore Melaka in order to boost the theatre’s profile across China and other parts of Asia.

In addition, the Group as a tourism and cultural related property developer expect to benefit from the Government initiatives to strengthen the tourism industry Malaysia such as Visit Malaysia 2020 campaign and Malaysia Tourism Transformation Plan 2020, with an aim to achieve 36.0 million tourists’ arrival and generate up to RM168.0 billion in tourism receipts by the year 2020.

The Group remains prudent with its project launches and focuses on the right products to cater for the market demand. The next phase of Impression City development is Terra Square project, which comprises the development of the retail and shop lot units, a linear mall, an outlet mall and a four-star hotel to be built on 14.6 acres of land with estimated net lettable area of 700,000 square feet. The development of Terra Square is expected to bring in more visitors to Encore Melaka and further enhance the overall gross development value of the Impression City project.

With total unbilled sales of RM410 million as at 30 June 2019, which are attributed to its ongoing development projects, namely The Apple, Amber Cove, The Dawn and Impression U-Thant, the Group expects its financial results will be improved for the financial year ending 30 June 2020.
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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