[IBRACO BHD：未开帐单销售为2亿8347万令吉，未完成的订单为1亿6373万令吉；凭借目前的632英亩土地储备，集团计划在2019年及以后的年份推出主要包括住宅和商业物业的项目]

3Q19 vs 3Q18:
集团在2019年第三季度的收入从2018年第三季度的7348万令吉增长了38％至1.0105亿令吉。行政开支从2018年第三季的443万令吉增加至460万令吉。增加的主要原因是本财政季度人事费用增加。

YTD19 vs YTD18：
这集团于2019年首九个月的除税前溢利增加1％至2,374万令吉，而2018年首九个月的除税前溢利则为2,350万令吉。行政开支从2018年首九个月的1,253万令吉增加至1,362万令吉。该增加主要是由于本期间人事费和专业费用增加。

3Q19 vs 2Q19：
这集团录得税前盈利910万令吉，而截至2019年6月30日止的前一个季度录得税前盈利911万令吉。其他收入则从前一季度的50万令吉减少至这季度的29万令吉。

前景：
集团有信心在未来几个季度的财务业绩将大增，因为截至2019年9月30日，集团的未开帐单销售为2亿8347万令吉，未完成的订单为1亿6373万令吉。凭借目前的632英亩土地储备，集团计划在2019年及以后的年份推出主要包括住宅和商业物业的项目。 NorthBank项目是一个综合开发项目，位于123英亩的土地上，位于集团非常成功的Tabuan Tranquility项目的对面，预计将在5年计划中完成。结合受欢迎的有地住宅和高层建筑的发展趋势，并结合商业元素，NorthBank为购买者提供了各种类型的住宅选择，步行即可到达商业，办公单位以及社交会所和甚至一所自豪地称为Tunku Putra-Help International School的教育机构也于2020年1月开始运营。

The NorthBank轰轰烈烈地从第一个住宅项目NOVA 72开始，该项目于2018年3月启动并售罄，为集团提供了一个积极的指标，可以在2019年及之后启动后续开发。于2019年3月，这集团已正式在The NorthBank开设商业空间，作为The NorthBank Business Exchange的开始。此后，该集团于2019年6月正式启动了The NorthBank的最新地标-Avona，它将成为照亮该集团新前卫城镇天际线的第一个重要地标。 Avona由298套服务式公寓的两个12层楼组成，在推出的第一周内售出80％。

该集团的目标是在考虑到法定要求的修订和市场需求的情况下，于2020年在八打灵再也再也拉邦（Bandar Petaling Jaya Selatan）进行开发。至于建筑业务，集团的子公司Ibraco Construction Polybuilding Construction JV Sdn Bhd已收到并接受了砂拉越古晋的Jabatan Bekalan Air Luar Bandar的合同，该合同涉及NR4 (Northen Region)配套，为Sarawak Water Supply Grid Programme – Stressed Areas（项目）进行设计，建造，完工，测试和调试。该项目的合约金额约为4,489万令吉，将于2019年6月12日起计22个月内完成。
-----------------------------
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 RM2.44 (dividend RM0.025) in 1 year 5 months 22 days, total return is 244.8%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.83 (dividend RM0.04) in 1 year 7 months 2 days, total return is 135.2%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.32 in 1 year 14 days, total return is 129.6%

d) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.88 (adjusted)(dividend RM0.01) in 8 months 1 day, total return is 73.1%

e) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.71 in 5 months 9 days, total return is 56%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.18 (dividends RM0.113) in 1 Year 3 months 27 days, total return is 44.2%

g) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.05 (dividend RM0.015) in 1 Year 1 month 18 days, total return is 33.1%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.57 (dividend RM0.105) in 1 Year 2 months 16 days, total return is 31.9%

i) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.16 in 7 months 4 days, total return is 28.9%

j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.17 (dividend RM0.018) in 1 Year 1 month 11 days, total return is 23.1%

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
----------------------
[IBRACO BHD: the Group has RM283.47 million unbilled sales and outstanding order book of RM163.73 million as at 30 September 2019; with the current 632 acres of land bank, the Group plans to launch projects mainly comprising residential and commercial properties in 2019 and future years]

3Q19 vs 3Q18:
The Group’s revenue for 3Q2019 increased by 38% to RM101.05 million from RM73.48 million in 3Q2018. Administrative expenses increased to RM4.60 million from RM4.43 million in 3Q2018. The increase was mainly due to increase in staff costs during the current financial quarter.

YTD19 vs YTD18:
The Group’s profit before tax for 9M2019 increased by 1% to RM23.74 million compared to a profit before tax of RM23.50 million recorded in 9M2018. Administrative expenses increased to RM13.62 million compared to RM12.53 million in 9M2018. The increase was mainly due to increase in staff costs and professional fees incurred during the reporting period.

3Q19 vs 2Q19:
The Group recorded a profit before tax of RM9.10 million compared to a profit before tax of RM9.11 million recorded in the immediate preceding quarter ended 30 June 2019. Other income decreased from RM0.50 million in the immediate preceding quarter to RM0.29 million in this reporting quarter.

Prospects:
The Group is confident that the financial results will upsurge in the coming quarters as the Group has RM283.47 million unbilled sales and outstanding order book of RM163.73 million as at 30 September 2019. With the current 632 acres of land bank, the Group plans to launch projects mainly comprising residential and commercial properties in 2019 and future years. The NorthBank project is an integrated development sits on a 123-acre land, located right opposite the Group’s highly successful Tabuan Tranquility project is expected to be completed over a 5-year plan. Combining the popularity of landed residences with the growing trend of high-rise developments, and complemented with commercial components, The NorthBank offers purchasers with choices of various type of residences built within a walking distance to commercials, office units as well as a social clubhouse and even an educational institution proudly known as Tunku Putra-Help International School which will commence operation by January 2020.

The NorthBank got off to a roaring start with the first residential project, NOVA 72, which was launched and sold out in March 2018, providing the Group with a positive indicator to launch the subsequent developments in 2019 and after. In March 2019, the Group has officially launched the commercial space at The NorthBank as the opening chapter of The NorthBank Business Exchange. Thereafter, in June 2019, the Group has officially launched The NorthBank’s latest landmark – Avona, which will be the first significant landmark to light the skyline of the Group’s new avant-garde township. Avona comprises of two 12-level towers of 298 units of serviced apartment was 80% sold within the first week of launching.

The Group aims to kick off the development at Bandar Petaling Jaya Selatan in 2020, taking into consideration the revision of statutory requirements and the market needs. As for their construction segment, the Group’s subsidiary, Ibraco Construction Polybuilding Construction JV Sdn Bhd has received and accepted a contract from Jabatan Bekalan Air Luar Bandar, Kuching, Sarawak for the Design, Construction, Completion, Testing and Commissioning of Proposed Package NR4 (Northen Region) for Sarawak Water Supply Grid Programme – Stressed Areas ("Project"). The contract amount for the said Project is about RM44.89 million and shall be completed within 22 months from 12 June 2019.
--------------------------------------------------------------------------
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