[PERUSAHAAN SADUR TIMAH MALAYSIA PERSTIMA BHD：销量减少以及利润率下降]

YoY:
截至2019年9月30日的季度（“本季度”）的收入与截至2018年9月30日的季度（“去年同期”）相比减少了3160万令吉（11.6％），这是由于尽管销售价钱增加但销量减少。由于本季度的销量减少以及利润率下降，本季度马镀锡的税前利润与去年同期相比减少了490万令吉（31.6％）。

在马来西亚，公司的本季度收入比去年同期减少了2410万令吉（12.8％），这是由于尽管售价提高，但销量却减少了。该公司本季度的税前利润为1,480万令吉，较上年同期的1,110万令吉高，这是由于尽管销量减少和利润率降低，但子公司的股息收入有830万令吉。

在越南，子公司的营业额较去年同期减少760万令吉（8.7％），这是由于尽管售价略低，但销量减少。

对于菲律宾而言，子公司在本季度没有任何收入，因为它在2018年11月22日注册后仍处于初步阶段。子公司在本季度的税前亏损30万令吉是由于本季度初步的租金和管理费有关的成本。

QoQ:
该集团的税前盈利为1,070万令吉，上一季度则为1,510万令吉。尽管本季度销量增加，但税前利润较低是由于利润率较低。

在马来西亚，本季度的税前利润增加主要是由于子公司的股息收入830万令吉，加上销量增加，尽管本季度的利润率较低。

在越南，尽管本季度销售价格下降，但由于销量增加，子公司的收入增加。尽管利润率较低，本季度的税前利润较高是由于销量增加。

前景：
董事会预计，进口量的增加（特别是在反倾销税期满之后）以及令吉对美元的不确定性和波动性将对集团的增长和盈利能力产生影响。
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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 RM1.94 (dividend RM0.025) in 1 year 2 months 24 days, total return is 174.8%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.985 in 2 months 11 days, total return is 116.5%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.11 in 9 months 16 days, total return is 93%

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 6 days, total return is 79.9%

e) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.27 in 10 months 20 days, total return is 58.8%

f) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.42 (dividend RM0.018) in 10 months 13 days, total return is 49%

g) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.43 (dividend RM0.01) in 5 months 5 days, total return is 46.1%

h) 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 18 days, total return is 37.8%

i) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.10 (dividends RM0.083) in 1 Year 29 days, total return is 37.3%

j) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.20 (dividend RM0.22) in 1 Year 22 days, total return is 28%

k) DESTINI (DESTINI BHD), recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.245 in 1 months 12 days, total return is 22.5%

l) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.27 in 5 months 5 days, total return is 22.1%

m) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.25 (dividends RM0.111) in 1 Year 3 months 7 days, total return is 10.1%

n) STRAITS (STRAITS INTER LOGISTICS BHD), recommended on 28 Jul 19, initial price was RM0.21, rose to RM0.23 in 3 months 7 days, total return is 9.5%

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。

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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[PERUSAHAAN SADUR TIMAH MALAYSIA PERSTIMA BHD: lower sales volume coupled with lower profit margin]

YoY:
The Group’s revenue for the quarter ended 30 September 2019 (“Current Quarter”) compared with the quarter ended 30 September 2018 (“Previous Year Corresponding Period”) decreased by RM31.6 million (11.6%) due to lower sales volume despite higher selling price. The Group’s profit before taxation for the Current Quarter compared with the Previous Year Corresponding Period decreased by RM4.9 million (31.6%) due to lower sales volume coupled with lower profit margin during the Current Quarter.

For Malaysia, the Company’s revenue for the Current Quarter decreased by RM24.1 million (12.8%) as compared to the Previous Year Corresponding Period due to lower sales volume despite higher selling price. The Company’s profit before taxation for the Current Quarter of RM14.8 million was higher as compared to RM11.1 million in the Previous Year Corresponding Period due to dividend income of RM8.3 million from subsidiary company despite lower sales volume and lower profit margin.

For Vietnam, the subsidiary Company’s revenue decreased by RM7.6 million (8.7%) compared with the Previous Year Corresponding Period due to lower sales volume despite slight lower selling price.

For Philippines, the subsidiary Company’s did not have any revenue during the Current Quarter since it was still at preliminary stage after being registered on 22 November 2018. The subsidiary Company’s loss before taxation for the Current Quarter of RM0.3 million was due to the preliminary cost related to the rental fee and administration fee during the Current Quarter.

QoQ:
The Group recorded a profit before tax of RM10.7 million compared with RM15.1 million in the Previous Quarter. The lower profit before tax was due to lower profit margin despite higher sales volume in the Current Quarter.

For Malaysia, the higher profit before tax for the Current Quarter was mainly due to dividend income of RM8.3 million from subsidiary company coupled with higher sales volume despite lower profit margin for the Current Quarter.

For Vietnam, the subsidiary Company’s revenue was higher due to higher sales volume despite lower selling price for the Current Quarter. The higher profit before tax for the Current Quarter was due to higher sales volume despite lower profit margin.

Prospects:
The Board of Directors expects the Group’s growth and profitability to be affected by a combination of a higher presence of imports (especially after the expiration of anti-dumping duties) and the uncertainty and volatility of Ringgit Malaysia against United States Dollar.
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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