[I-BERHAD：未开票销售额为1.129亿令吉，而2019年6月30日为1.235亿令吉]

3Q19 vs 3Q18:
在截至2019年9月30日的当前财政季度（“ 2019年第三季度”），I公司的收入和税前利润分别为4,220万令吉和1,170万令吉，而截至2018年9月30日的相应财政季度（“ Q3 2018”）的收入和税前盈利分别为6,070万令吉和1720万令吉。

物业发展：
当前季度的业绩受到未开票销售下降的影响，因为2018年没有新项目推出。

物业投资：
2019年第三季度收入的增长来自该部门额外完工物业的租赁。除税前亏损是由于该部门额外完成的物业产生的经营成本以及应占联营公司业绩的结果。

休闲：
休闲部门的收入一直保持可持续性，本季度的税前利润更高。

3Q19 vs 2Q19：
本季度I公司录得相若的收入和税前利润分别为4220万令吉和1170万令吉，而上一季度分别为4220万令吉和1490万令吉。 2019年第三季度的税前利润较低主要是由于应占一家联营公司的业绩。

前景：
由于市场和消费者情绪持续疲软，预计2019年4Q房地产市场特别是住宅和商业产业将保持疲软。截至2019年9月30日，集团的未开票销售额为1.129亿令吉，而2019年6月30日为1.235亿令吉。在上述情况下，董事会认为，尽管I公司持续进行策略性努力，但截至2019年12月31日止的财政年度会有挑战。
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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 RM2.41 (dividend RM0.025) in 1 year 5 months 5 days, total return is 240.6%

b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.44 in 11 months 28 days, total return is 150.4%

c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.85 (dividend RM0.04) in 1 year 6 months 16 days, total return is 137.7%

d) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.91 (adjusted)(dividend RM0.01) in 7 months 15 days, total return is 74.9%

e) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.76 in 4 months 23 days, total return is 67%

f) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.49 in 6 months 18 days, total return is 65.6%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.30 (dividends RM0.113) in 1 Year 3 months 10 days, total return is 51.8%

h) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.18 (dividend RM0.015) in 1 Year 1 month 1 day, total return is 49.4%

i) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.33 (dividend RM0.018) in 1 Year 25 days, total return is 39.7%

j) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.66 (dividend RM0.105) in 1 Year 1 month 30 days, total return is 39%

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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[I-BERHAD: unbilled sales as at 30 September 2019 stood at RM112.9 million as compared to RM123.5 million as at 30 June 2019]

3Q19 vs 3Q18:
For the current financial quarter ended 30 September 2019 (“Q3 2019”), the Group posted lower revenue of RM42.2 million and profit before tax of RM11.7 million as compared to the revenue and profit before tax of RM60.7 million and RM17.2 million respectively for the corresponding financial quarter ended 30 September 2018 (“Q3 2018”).

Property development:
The performance for the current quarter had been impacted by lower unbilled sales as there was no new project launched in 2018.

Property investment:
The improvement in revenue for Q3 2019 arises from the lease of the additional completed properties in the segment. The loss before taxation was a result of the operating costs incurred for the additional completed properties in the segment as well as the share of results of an associate.

Leisure:
The leisure segment revenue has been sustainable with a higher profit before tax for the current quarter.

3Q19 vs 2Q19:
The Group registered comparable revenue but lower profit before tax of RM42.2 million and RM11.7 million respectively for the current quarter as compared to RM42.2 million and RM14.9 million respectively for the preceding quarter. The lower profit before tax in Q3 2019 was mainly due to the share of results of an associate.

Prospects:
The Property market particularly the residential and commercial sub-sectors, is expected to remain soft for the rest of 2019 due to the continued weak market and consumer sentiments. The Group’s unbilled sales as at 30 September 2019 stood at RM112.9 million as compared to RM123.5 million as at 30 June 2019. Under the foregoing circumstances, the Board is of view that the operating performance of the Group will remain challenging for the financial year ending 31 December 2019 despite the Group’s continuous strategic efforts.
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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