[P I E INDUSTRIAL BHD：外汇兑换收益减少，卖不出的存货的拨备以及制造费用较上一季度增加]

2Q19 vs 2Q18:
收入增加主要是由于现有客户对电子制造（EMS）的需求增加，但部分被原始电线电缆产品，线束产品和贸易活动的收入减少所抵消。与去年同期相比，税前利润略微减少了3万令吉或0.3％。减少的主要原因是本季度外汇兑换收益减少，卖不出的存货的拨备以及制造费用较上一季度增加。

YTD19 vs YTD18：
收入增加主要是由于收到现有客户的电子制造活动（EMS）和线束产品订单增加，但部分被原始电线电缆产品和贸易部门的收入减少所抵消。截至2019年6月30日的财政期间，广宇工业的税前盈利为1017.7万令吉，较截至2018年6月30日的同期的1847.3万令吉减少45％或829.6万令吉。税前利润下降的主要原因是不利的产品组合利润率降低，外汇交易收益减少以及应收账款减值损失减少。

2Q19 vs 1Q19：
收入增加主要是由于对EMS和原始电缆及电线产品的需求增加，但被线束产品和贸易部门的收入减少所抵消。本季度广宇工业的税前利润与上一季度相比增长了492％。

前景：
对于EMS活动（占80％），从长远来看，预计现有和潜在新客户的订单将会增加（通过其完全建成的垂直集成制造工厂），该工厂在过去5年中一直在改善。马来西亚令吉兑美元的任何剧烈波动将是影响其在不久的将来表现的主要因素。预计其两种主要原材料即铜和PVC的成本在不久的将来会增加。由于母公司缺乏有吸引力的电子产品，管理层预计在不久的将来贸易部门不会有显着增长。
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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 RM1.92 (dividend RM0.025) in 1 year 2 months 25 days, total return is 172%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.975 in 2 months 12 days, total return is 114.3%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.16 in 9 months 17 days, total return is 101.7%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.40 (dividend RM0.04) in 1 year 4 months 7 days, total return is 81.1%

e) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.26 in 10 months 21 days, total return is 57.5%

f) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.45 (dividend RM0.01) in 5 months 6 days, total return is 47.3%

g) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.40 (dividend RM0.018) in 10 months 14 days, total return is 46.9%

h) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.16 (dividends RM0.083) in 1 Year 30 days, total return is 41.1%

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 19 days, total return is 37.8%

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 23 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 13 days, total return is 22.5%

l) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.26 in 5 months 6 days, total return is 21.2%

m) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.26 (dividends RM0.111) in 1 Year 3 months 8 days, total return is 10.4%

n) STRAITS (STRAITS INTER LOGISTICS BHD), recommended on 28 Jul 19, initial price was RM0.21, rose to RM0.23 in 3 months 8 days, total return is 9.5%

o) KAREX (KAREX BHD), recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.475 in 21 days, total return is 6.7%

p) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM0.955 in 4 months 8 days, total return is 6.1%

q) FIAMMA (FIAMMA HOLDINGS BHD), recommended on 23 Sep 18, initial price was RM0.495, rose to RM0.50 (dividend RM0.0225) in 1 year 1 month 16 days, total return is 5.6%

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

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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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[P I E INDUSTRIAL BHD: lower gain from foreign currency exchange transaction, provision for slow moving inventories and the increase in manufacturing expenses]

2Q19 vs 2Q18:
The increase of revenue was mainly attributable to higher demand from existing customers for electronics manufacturing (EMS) but partly offset by lower revenue recorded for raw wire & cable products, wire harness products and trading activities. Compared with the preceding year corresponding quarter, the profit before tax slightly decreased by RM0.030 million or 0.3%. The decrease was mainly attributable to lower gain from foreign currency exchange transaction, provision for slow moving inventories and the increase in manufacturing expenses in the current quarter as compared to the corresponding quarter.

YTD19 vs YTD18:
The increase of revenue was mainly attributable to increased orders received from existing customers for electronics manufacturing activities (EMS) and wire harness products but partly offset with lower revenue from raw wire & cable products and trading segments. For the financial period ended 30 June 2019, the Group recorded profit before tax of RM10.177 million, a decrease of 45% or RM8.296 million as compared to the corresponding period ended 30 June 2018 of RM18.473 million. The decline recorded in their profit before tax was mainly due to lower margin of unfavorable product mix, lower gain from foreign currency exchange transaction and lower impairment of trade receivables.

2Q19 vs 1Q19:
The increase of revenue was mainly due to higher demand recorded for EMS and raw cable & wire products but party offset with lower revenue achieved by wire harness products and trading segments. The Group's profit before tax for the current quarter has increased by 492% as compared to preceding quarter.

Prospects:
For EMS activities (80%), orders are expected to increase in the long run from existing customers and potential new customers through its fully built-up vertical integrated manufacturing facilities which have been improved in operation for the past 5 years. Any drastic fluctuation of Ringgit Malaysia against USD will be the main factor affecting its performance in the near future. The cost of its two main raw materials i.e copper and PVC are expected to increase in the near future. The management does not expect significant growth from the trading segment in the near future due to the lack of attractiveness electronics products from the parent companies.
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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