[UNITED U-LI CORP BHD：收入减少，净外汇损失增加，融资成本增加以及回顾季度内的折旧/摊销费用增加]

YTD19 vs YTD18:

截至2019年9月30日止期间，友谊机构录得除税前亏损84.3万令吉，而去年同期则为除税前利润524.2万令吉，主要是由于产生的收入减少，折旧/摊销成本较高及回顾期内较高的净外汇损失。

截至2019年9月30日止期间，友谊机构的收入为1.40446亿令吉，低于去年同期的1.55094亿令吉，主要是由于电缆支撑系统部门及电子照明及配件部门对他们产品的需求减少，因市场状况总体较弱。

电缆支撑系统：
截至2019年9月30日止的当前财政期间，该业务部门的营业额为1.15085亿令吉，较去年同期的1.24862亿令吉，相比减少了7.8％。税前利润为221万令吉，较上年同期的502.3万令吉有所下降，这主要是由于回顾期内产生的收入减少，人工成本增加，折旧/摊销成本增加以及净外汇损失增加。

电气照明及配件：
在截至2019年9月30日的当前财政期间，该业务部门的收入为2536.1万令吉，较去年同期的3023.1万令吉，相比减少了16.1％。该部门的税前亏损为256.2万令吉，而去年同期的税前利润为82.9万令吉。这主要归因于回顾期内产生的收入减少，人工成本增加，净外汇损失增加和销售商品获得的利润率降低。

3Q19 vs 3Q18:
截至2019年9月30日的本季度，友谊机构的除税前利润较低，为27.50万令吉，而去年同期为310.8万令吉，这主要是由于产生的收入减少，净外汇损失增加，融资成本增加以及回顾季度内的折旧/摊销费用增加。

截至2019年9月30日的本季度，该集团的收入为5147.6万令吉，低于上一季度的5696.1万令吉，这主要是由于电缆支撑系统部门以及电气照明和配件部门的收入贡献较低，因市场条件疲软。

电缆支撑系统：
截至2019年9月30日的本季度，该业务部门的收入为4,150万令吉，较上个同期的4359.9万令吉有所下降，较去年同期减少4.8％。本季度的税前盈利为96.8万令吉，较上个同期的137.7万令吉有所下降。这主要是由于在本季度中产生的收入减少，净外汇损失增加和财务费用增加。

电气照明及配件：
截至2019年9月30日的本季度，该业务部门的收入为997万6000令吉，相比上一季度为1336.2万令吉，相比减少了25.3％。在本季度，该部门的税前亏损为50.30万令吉，相比之下，前一季度的税前利润为189.9万令吉。这主要是由于在回顾的季度中产生的较低的收入，较高的促销成本和较低的商品销售利润率。

3Q19 vs 2Q19:
这季，友谊机构的除税前盈利为27万5000令吉，上一季度为10万7千令吉。

前景：
该集团预计2019年的前景将极具挑战性，但随着各种大型基础设施项目的复苏，其前景仍然乐观。由于本地及全球市场情况仍然不确定，友谊机构将继续谨慎行事。
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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 RM2.30 (dividend RM0.025) in 1 year 4 months 12 days, total return is 225.2%

b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.18 in 11 months 4 days, total return is 105.2%

c) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.865 in 3 months 29 days, total return is 90.1%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.41 (dividend RM0.04) in 1 year 5 months 23 days, total return is 82.4%

e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.85 (adjusted)(dividend RM0.01) in 6 months 22 days, total return is 71.3%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.43 (dividends RM0.113) in 1 Year 2 months 17 days, total return is 59.9%

g) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.35 in 5 months 24 days, total return is 50%

h) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.17 (dividend RM0.015) in 1 Year 8 days, total return is 48.1%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.68 (dividend RM0.07) in 1 Year 1 month 6 days, total return is 37.8%

j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.27 (dividend RM0.018) in 1 Year 1 day, total return is 33.5%

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

2020年4月19日星期日：AG Hotel Penang, George Town 2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28日星期六：Hotel Sri Petaling, KL

2020年2月23日星期日：Silka Johor Bahru Hotel, Johor Bahru

2020年4月18日星期六：AG Hotel Penang, George Town

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
-----------------------------------
[UNITED U-LI CORP BHD: lower revenue generated, higher net forex loss, higher finance cost and higher depreciation/amortization cost during the quarter under review]

YTD19 vs YTD18:
The Group registered a loss before taxation of RM0.843 million for the period ended 30 September 2019 as compared to a profit before taxation of RM5.242 million in the previous corresponding period, mainly due to lower revenue generated, higher depreciation/amortisation costs and higher net forex loss during the period under review.

The Group’s revenue for the period ended 30 September 2019 of RM140.446 million was lower than the previous corresponding period’s revenue of RM155.094 million, mainly due to lower demand for their products from both Cable Support Systems segment and Electrical Lighting and Fittings segment amid generally softer market conditions.

Cable Support Systems:
For the current financial period ended 30 September 2019, this business segment registered a revenue of RM115.085 million as compared to RM124.862 million in the previous corresponding period, a decrease of 7.8% comparatively. Profit before taxation of RM2.210 million was lower as compared to RM5.023 million in the previous corresponding period, mainly due to lower revenue generated, higher labour costs, higher depreciation/amortisation costs and higher net forex loss during the period under review.

Electrical Lighting and Fittings:
For the current financial period ended 30 September 2019, this business segment registered a revenue of RM25.361 million as compared to RM30.231 million in the previous corresponding period, a decrease of 16.1% comparatively. This segment registered a loss before taxation of RM2.562 million as compared to profit before taxation of RM0.829 million in the previous corresponding period. This is mainly attributable to lower revenue generated, higher labour costs, higher net forex loss and lower profit margin achieved on goods sold during the period under review.

3Q19 vs 3Q18:
The Group made a lower profit before taxation for the current quarter ended 30 September 2019 of RM0.275 million as compared to RM3.108 million in the previous corresponding quarter, mainly due to lower revenue generated, higher net forex loss, higher finance cost and higher depreciation/amortization cost during the quarter under review.

The Group’s revenue for the current quarter ended 30 September 2019 of RM51.476 million was lower than the previous corresponding quarter of RM56.961 million, mainly due to lower revenue contribution from both Cable Support Systems division and the Electrical Lighting and Fittings division amid generally softer market conditions.

Cable Support Systems:
For the current quarter ended 30 September 2019, this business segment registered a lower revenue of RM41.500 million as compared to RM43.599 million in the previous corresponding quarter, a decrease of 4.8% comparatively. Profit before taxation for the current quarter of RM0.968 million was lower as compared to RM1.377 million in the previous corresponding quarter. This is mainly due to lower revenue generated, higher net forex loss and higher finance cost during the quarter under review.

Electrical Lighting & Fittings:
For the current quarter ended 30 September 2019, this business segment registered a revenue of RM9.976 million as compared to RM13.362 million in the previous corresponding quarter, a decrease of 25.3% comparatively. For the current quarter, this division made a loss before taxation of RM0.503 million as compared to profit before taxation of RM1.899 million in the previous corresponding quarter. This is mainly due to lower revenue generated, higher promotional cost and lower profit margin achieved on goods sold during the quarter under review.

3Q19 vs 2Q19:
For the quarter under review, the Group had a profit before taxation of RM0.275 million as compared to RM0.107 million in the preceding quarter.

Prospects:
The Group anticipates that the outlook in 2019 to be extremely challenging but still remains positive with the expected revival of various major infrastructure projects. The Group will continue to exercise caution in all its business dealings as local and global market conditions remain uncertain.
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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