[IOI PROPERTIES GROUP BHD：集团未来的投资物业，如新加坡的Central Boulevard和马来西亚的IOI City Mall二期建设进展良好]

1Q20 vs 1Q19:
集团在本季录得2亿9190万令吉的息税前利润（不包括以外国计价的借贷和存款所产生的净外汇折算亏损5210万令吉）为6330万令吉或较上年同期的2亿2千860万令吉高28％（不包括4千350万令吉的外币借款和存款的净外币折算亏损）。 PBIT的增加主要是由于中华人民共和国和巴生谷的开发项目带来的营业利润增加，合资企业中的利润份额增加，主要是由于出售新加坡的South Beach Residences以及超额提供上一个财政年度的支出。

物业发展：
集团在本季度的营业利润为1.816亿令吉，比去年同期增加1870万令吉或11％。主要原因是来自中国和巴生谷的发展项目带来的更高的利润贡献，以及上一个财政年度的超额支出。

物业投资：
截至本季度的收入和营业利润分别为9,030万令吉和5,500万令吉，分别比去年同期增加530万令吉和490万令吉，或分别增长6％和10％。这主要归功于蒲种IOI购物中心进行装修后的出租率和平均租金率的提高，导致零售子部门的利润贡献增加。

招待和休闲：
营业额从4,930万令吉增加2％至5,010万令吉，营业利润则从660万令吉减少5％至620万令吉。收入的增长归功于布城（Putrajaya）酒店的较高入住率。

1Q20 vs 4Q19:
IOI产业在本季录得3.078亿令吉的PBT（不包括5210万令吉的外国计价借贷和存款的净外币折算亏损），较上一季度的2亿150万令吉增加1.063亿令吉或53％（不包括外国借贷和存款的净外币换算损失2420万令吉，投资物业的公允价值收益9340万令吉以及合资公司的发展所占的减值亏损4280万令吉）。本季度录得较高的PBT，主要是由于中国和巴生谷的房地产开发和销售新加坡的South Beach Residences所占合资企业利润的份额贡献了更高的营业利润，以及上一个财政年度的费用准备金增加。

前景：
在马来西亚，集团将继续利用Home Ownership Campaign（“ HOC”）以及针对传统和数字平台的持续营销活动，以为其发展提供知名度。与最近在Warisan Puteri推出的负担得起的高层住宅开发项目所取得的成功相呼应，IOI产业将继续专注于马来西亚负担得起的住房领域的业务。

由于其位置靠近便利设施和基础设施，IOI产业对其在中国的项目前景保持乐观。对于物业投资部门，零售物业的出租率继续保持健康水平，租金收益良好，为集团带来了经常性收入来源。集团未来的投资物业，如新加坡的Central Boulevard和马来西亚的IOI City Mall二期建设进展良好。除非有任何不可预见的情况，否则IOI产业预期在未来几个季度将继续取得令人满意的业绩。
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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 RM2.43 (dividend RM0.025) in 1 year 5 months 24 days, total return is 243.4%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.87 (dividend RM0.04) in 1 year 7 months 4 days, total return is 140.3%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.32 in 1 year 16 days, total return is 129.6%

d) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.825 in 5 months 11 days, total return is 81.3%

e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.94 (adjusted)(dividend RM0.01) in 8 months 3 days, total return is 76.6%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.19 (dividends RM0.113) in 1 Year 3 months 29 days, total return is 44.8%

g) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.26 in 7 months 6 days, total return is 40%

h) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.62 (dividend RM0.105) in 1 Year 2 months 18 days, total return is 35.8%

i) 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 20 days, total return is 33.1%

j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.21 (dividend RM0.018) in 1 Year 1 month 13 days, total return is 27.3%

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。

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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

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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

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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

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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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[IOI PROPERTIES GROUP BHD: construction of the Group's future investment properties such as Central Boulevard in Singapore and IOI City Mall Phase 2 in Malaysia are progressing well]

1Q20 vs 1Q19:
The Group recorded profit before interest & taxation ("PBIT") of RM291.9 million (after excluding net foreign currency translation loss on foreign denominated borrowings and deposits of RM52.1 million) for the current quarter, which is RM63.3 million or 28% higher than the preceding year corresponding quarter of RM228.6 million (after excluding net foreign currency translation loss on foreign denominated borrowings and deposits of RM43.5 million). The increase in PBIT is mainly due to higher operating profit contributed from development projects in People's Republic of China ("PRC) and Klang Valley, higher share of profit in joint ventures mainly arising from the sale of South Beach Residences in Singapore and over provision of expenses in the previous financial year.

Property development:
The Group's operating profit of RM181.6 million for the current quarter is RM18.7 million or 11% higher than the preceding year corresponding quarter. It is mainly due to higher profit contribution from development projects in PRC and Klang Valley, as well as over provision of expenses in the previous financial year.

Property investment:
Revenue and operating profit of RM90.3 million and RM55.0 million respectively for the current year quarter, which is RM5.3 million and RM4.9 million respectively or 6% and 10% respectively higher than the preceding year corresponding quarter. This is mainly contributed by higher profit contribution from retail sub segment arising from higher occupancy rate and average rental rate post re-fit exercise carried out by IOI Mall, Puchong.

Hospitality and leisure:
Revenue rose by 2% from RM49.3 million to RM50.1 million, while the operating profit decreased by 5% from RM6.6 million to RM6.2 million. The increase in revenue is attributable to higher occupancy rate secured by the hotels in Putrajaya.

1Q20 vs 4Q19:
The Group recorded PBT of RM307.8 million (after excluding net foreign currency translation loss on foreign denominated borrowings and deposits of RM52.1 million) for the current quarter, which is RM106.3 million or 53% higher than the immediate preceding quarter of RM201.5 million (after excluding net foreign currency translation loss on foreign denominated borrowings and deposits of RM24.2 million, fair value gain on investment properties of RM93.4 million and share of impairment loss of RM42.8 million in a joint venture's development property). Higher PBT recorded in the current quarter is mainly due to higher operating profit contributed from property development in PRC and Klang Valley, share of profit in joint ventures arising from sale of South Beach Residences in Singapore and over provision of expenses in the previous financial year.

Prospects:
In Malaysia, the Group will continue to tap on the Home Ownership Campaign ("HOC") coupled with on-going marketing campaigns targeting both the traditional and digital platforms audience to create visibility for their developments. Echoing the success from the recent launch of affordable high-rise residential development in Warisan Puteri, the Group will continue to focus on the affordable housing segment for our Malaysian operations.

The Group remains optimistic on the prospects of their projects in China due to their locations which are close to amenities and infrastructure. For property investment segment, the retail properties continue to enjoy healthy occupancy levels with good rental yields, generating a recurring income stream for the Group. The construction of the Group's future investment properties such as Central Boulevard in Singapore and IOI City Mall Phase 2 in Malaysia are progressing well. Barring any unforeseen circumstances, the Group is expected to continue to deliver satisfactory performance in the coming quarters.
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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