[FRONTKEN CORP BHD：子公司在新加坡的业绩有所改善，以及由于不断努力提高其在整个集团的效率所带来的更高的利润率]

3Q19 vs 3Q18:
截至2019年9月30日的本季度，前研科技的收入比去年同期增长了约120万令吉（1.4％），主要是由于其新加坡子公司的业务表现更好，半导体业务有正增长。

他们的新加坡分公司受益于“传统”的生产量增加，因为半导体领域的整体产量有回升。他们在台湾的子公司能够从更好的运营效率和更好的产品组合中获得更好的利润。还值得一提的是，其主要客户之一提供的指导指出，由于需求增加和先进高性能芯片的新订单，特别是随着各国推出超快速5G无线网络，未来季度的表现将有所改善。为此，他们希望他们也将从客户的产量增加中受益，并希望在今年第四季度实现销售增长。

集团在本季的税前盈利为2,610万令吉，较去年同期的2,060万令吉增加550万令吉或26.5％。较高的利润主要是由于其子公司在新加坡的业绩有所改善，以及由于不断努力提高其在整个集团的效率所带来的更高的利润率。

YTD19 vs YTD18：
截至2019年9月30日止，前研科技的收入为2.51亿令吉，比去年同期高出1,250万令吉（5.2％）。改善主要归功于集团的新加坡和马来西亚的子公司的业绩的改善，有正增长。与去年同期相比，集团的PBT增长了2060万令吉（40.2％），这是由于收入增加，产品组合改善以及对成本管理保持警惕。

3Q19 vs 2Q19:
由于其台湾，新加坡和马来西亚子公司的业务表现改善，本季度的收入比上一季度增长了8.6％或约690万令吉。集团本季度未经审核的PBT有所改善，部分原因是他们不断努力改善生产流程，从而改善了成本管理。

前景：
尽管收入略有增长，但集团的9个月业绩有所改善，PBT较上年同期增长40.2％。这主要是由于它们在各自的国家/地区的半导体，石油以及天然气业务以及整个集团的成本管理得到改善。

从长远来看，对半导体的全球需求将继续增长。除了智能手机和平板电脑，消费者对其他智能设备的需求也在增长。集团看到了新的创新技术的迅速发展和部署，并相信这将继续增加对其半导体客户生产的产品的需求。一旦5G在全球范围内推出，这一需求将进一步加速。因此，展望未来，他们相信电子和技术领域的所有这些发展将对其业务产生积极影响。

关于石油和天然气行业，他们注意到，自下半年以来，咨询数量有所增加，并已转化为订单。他们的石油和天然气业务业绩的改善为实现其2019年的收入提供了良好的预兆。此外，被任命为马来西亚国家石油公司集团的人力供应以及机械旋转设备服务和零件的panel contractors之一，有望在未来几年内为该部门提供更多工作。为此，他们对其余月份的表现将令人满意感到谨慎乐观。
-----------------------------
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 RM1.98 (dividend RM0.025) in 1 year 2 months 22 days, total return is 180.4%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.895 in 2 months 9 days, total return is 96.7%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.06 in 9 months 14 days, total return is 84.3%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.39 (dividend RM0.04) in 1 year 4 months 4 days, total return is 79.9%

e) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.30 in 10 months 18 days, total return is 62.5%

f) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.46 (dividend RM0.01) in 5 months 3 days, total return is 47.9%

g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.38 (dividend RM0.018) in 10 months 11 days, total return is 44.9%

h) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.14 (dividends RM0.083) in 1 Year 27 days, total return is 39.8%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.68 (dividend RM0.07) in 11 months 16 days, total return is 37.8%

j) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.21 (dividend RM0.22) in 1 Year 20 days, total return is 28.6%

k) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.29 in 5 months 3 days, total return is 24%

l) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.29 (dividends RM0.111) in 1 Year 3 months 5 days, total return is 11.1%

m) STRAITS (STRAITS INTER LOGISTICS BHD), recommended on 28 Jul 19, initial price was RM0.21, rose to RM0.23 in 3 months 5 days, total return is 9.5%

n) DESTINI (DESTINI BHD), recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.215 in 1 months 10 days, total return is 7.5%

o) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.45 (dividends RM0.04) in 1 Year 1 month 4 days, total return is 4.2%

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

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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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[FRONTKEN CORP BHD: improved performance by their subsidiary in Singapore and better profit margin resulting from the continual efforts to improve their efficiency across the Group]

3Q19 vs 3Q18:
The Group’s revenue for the current quarter ended 30 September 2019 increased by approximately RM1.2 million (1.4%) compared to the preceding year corresponding quarter mainly attributable to the better business performance for their subsidiary in Singapore in view of the positive growth of the semiconductor business.

Their Singapore unit benefitted from the overall pick-up in volume in the semiconductor space during the “traditional” ramp-up of production. Their subsidiary in Taiwan were able to deliver a better bottom line from operating efficiency and better product mix. It is also, worthwhile to note the guidance provided by one of their main customers that indicated an improved performance in the coming quarter due to the higher demand and new orders of its advanced highperformance chips, particularly as countries roll out ultra-fast 5G wireless networks. To that end, they hope that they will also benefit from their customer’s ramp up of production and see an increased sales in the 4th quarter of this year.

The Group’s profit before tax (“PBT”) of RM26.1 million for the current quarter was RM5.5 million or 26.5% higher than the corresponding quarter’s RM20.6 million. The higher profit was mainly due to improved performance by their subsidiary in Singapore and better profit margin resulting from the continual efforts to improve their efficiency across the Group.

YTD19 vs YTD18:
The Group’s revenue of RM251.0 million for the current period ended 30 September 2019 was RM12.5 million (5.2%) higher than that achieved in the preceding year corresponding period. The improvement was mainly due to better performances from the Group’s subsidiaries in Singapore and Malaysia due to the positive growth in their respective businesses. Against the same period last year, the PBT for the Group jumped by RM20.6 million (40.2%) as a result of increased revenue, better product mix and vigilance in cost management.

3Q19 vs 2Q19:
The Group’s revenue was 8.6% or approximately RM6.9 million higher during the current quarter as compared to the immediate preceding quarter due to improved business performance by their subsidiaries in Taiwan, Singapore and Malaysia. The Group’s improved unaudited PBT for the current quarter was partly attributable to their continual efforts in improving their production processes leading to better cost management.

Prospects:
The Group recorded an improved 9 months results with a 40.2% increase in its PBT compared to the preceding year corresponding period in spite of a marginal growth in revenue. This was mainly due to the positive growth in both their semiconductor and oil and gas businesses in the respective countries they operate in and better cost management across the Group.

The global demand for semiconductors, which remains strong in the long term, will continue to grow. Beyond smartphones and tablets, the consumer demand for other smart devices is also growing. The Group is seeing rapid advancement and deployment of new innovative technologies and believe that this will continue to boost the demand for the products produced by their semiconductor customers. This demand will accelerate further once 5G is rolled out globally. Therefore, moving forward, they believe that all these developments in the electronic and technology space will be positive for their business.

As for the oil and gas industry, they noticed that the number of enquiries had picked up and have translated into orders since the second half of the year. The improved performance of their oil and gas business augurs well for the realization of their projected 2019 revenue. In addition, being appointed as one of the panel contractors for the provision of manpower supply and also mechanical rotating equipment services and parts for Petronas Group of Companies will hopefully provide this division with additional works in years to come. To that end, they are cautiously optimistic that their performance for the remaining months will be satisfactory.
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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