[REACH ENERGY BHD：获得北卡里曼油田和耶森油田生产合同的申请处于当局批准的最后阶段]

本季度除所得税之外的其他税项与2018年第三季度相比减少了26.4％，这主要是由于生产率下降所致。本季度的折旧和摊销（DD＆A）减少了32.7％（从1,890万令吉减至1,270万令吉），同时生产率降低。

集团在2019年第三季录得1,720万令吉的税前亏损，而2018年第三季的税前亏损为1,390万令吉。目前，该集团的每股净资产为0.75令吉，而2019年11月25日的每股闭市价为RM 0.19。

QoQ：
在本季度回顾中，营业费用与2019年第二季度相比略低。本季度，这集团的税前亏损为1,720万令吉，税后亏损为1,660万令吉，而2019年第二季度的税前亏损为930万令吉，税后亏损为1,700万令吉。

前景：
勘探井Yessen-4（Y-4）计划于2019年12月与North Kariman-1 Sidetrack-2（NK-1 ST2）（于2020年初）一起勘探。2018/ 2019年期间钻探的勘探井Kariman 16（K-16）和Kariman 15（K-15）已在2019年10月/ 11月成功perforated，并取得了积极成果。

由于当前的勘探合同将于2020年1月到期，因此延长合同的过程正在进行中，他们期望在到期日之前获得当局的必要批准。获得北卡里曼油田和耶森油田生产合同的申请也处于当局批准的最后阶段。
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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 RM2.38 (dividend RM0.025) in 1 year 4 months 25 days, total return is 236.4%

b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.23 in 11 months 17 days, total return is 113.9%

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 6 months 5 days, total return is 81.1%

d) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.79 in 4 months 12 days, total return is 73.6%

e) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.54 in 6 months 7 days, total return is 71.1%

f) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.84 (adjusted)(dividend RM0.01) in 7 months 4 days, total return is 70.7%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.31 (dividends RM0.113) in 1 Year 2 months 30 days, total return is 52.4%

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 21 days, total return is 48.1%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.67 (dividend RM0.105) in 1 Year 1 month 19 days, total return is 39.8%

j) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM5.31 (adjusted) (dividend RM0.13431) in 1 Year 5 months 7 days, total return is 37.5%

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

2月22日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

3月29日星期日：Hotel Sri Petaling, KL 3份点心

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

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

3月28日星期六：Hotel Sri Petaling, KL

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
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[REACH ENERGY BHD: applications to obtain Production Contracts for North Kariman and Yessen Fields are in the final stage of approval by the Authorities]

Taxes other than Income Tax for the current quarter under review was lower by 26.4% as compared to the third quarter of 2018 mainly due to the lower production rate. The 32.7% decrease (from RM 18.9 million to RM 12.7 million) in Depreciation, Depletion and Amortization (DD&A) for the current quarter under review was in tandem with the lower production rate.

The Group has recorded Loss before Tax of RM 17.2 million in the third quarter of 2019, compared to Loss before Tax of RM 13.9 million in the third quarter of 2018. Currently, the Group’s net asset per share stands at RM 0.75 as compared to the closing market price of RM 0.19 per share on 25 Nov 2019.

QoQ:
For the current quarter under review, operating expenses recorded slightly lower as compared to the second quarter of 2019. For the current quarter under review, the Group has recorded Loss before Tax of RM 17.2 million and Loss after Tax of RM 16.6 million compared to the second quarter of 2019 Loss before Tax of RM 9.3 million and Loss after Tax of RM 17.0 million.

Prospects:
Spudding of the Exploration Well Yessen-4 (Y-4) is planned for December 2019 with Exploration Well North Kariman-1 Sidetrack-2 (NK-1 ST2) slotted in early 2020. The exploration wells Kariman 16 (K-16) and Kariman 15 (K-15) drilled in 2018/2019 period have been successfully perforated in October/November 2019 with positive results.

As the current Exploration Contract is expiring in January 2020, the process to prolong the contract has been well underway and they expect to receive the required approvals from the Authorities before the expiry date. The applications to obtain Production Contracts for North Kariman and Yessen Fields are also in the final stage of approval by the Authorities.
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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