[TENAGA NASIONAL BHD：总电力销售增加了4.248亿令吉]

YTD19 vs YTD18:
期间的收入从503.925亿令吉增加1.1％或5.472亿令吉至509.397亿令吉。这与总电力销售增加了4.248亿令吉相吻合。这期间，这公司拥有人应占溢利为45.292亿令吉，而去年同期为37.237亿令吉。在去年同期，国家能源确认其在联营公司的投资减值8.027亿令吉，而截至2019年12月31日止期间确认减值1.983亿令吉。国家能源录得2亿60万令吉的外币折算收益，而2018财年则录得3亿9310万令吉的亏损。

4Q19 vs 4Q18：
这季度，公司拥有人应占盈利为6亿5千3百30万令吉，相比去年同期的1亿3千430万令吉亏损增加7亿8760万令吉。该增加是由于在去年同期确认的联营公司的投资成本减值了3.047亿令吉。本季度归属于公司所有者的利润中包括非经常性交易的收益5.989亿令吉。

4Q19 vs 3Q19：
公司拥有人应占利润从上一季度的12.029亿令吉减少至本季度的6.533亿令吉，减少了5.496亿令吉。

前景：
马来西亚经济在2019年第四季度增长3.6％（2019年第三季度：4.4％）。在商品供应中断的情况下，私营部门支出的增加支撑了增长。董事会认为，在截至2020年12月31日的财政年度中，集团的业绩有望保持。
-----------------------------
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 RM1.70 (dividend RM0.025) in 1 year 6 months 30 days, total return is 141.3%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.68 (dividend RM0.04) in 1 year 8 months 12 days, total return is 116.4%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.24 (adjusted)(dividend RM0.055) in 9 months 11 days, total return is 97.3%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.83 in 1 year 1 month 22 days, total return is 44.3%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM1.89 (dividends RM0.113) in 1 Year 5 months 6 days, total return is 26%

f) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM0.945 (dividend RM0.015) in 1 Year 2 months 26 days, total return is 20%

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

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

4月25日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

3月28日星期六：Hotel Sri Petaling, KL

4月18日星期六：AG Hotel Penang, George Town

4月26日星期日：Silka Johor Bahru Hotel, Johor Bahru

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
----------------------------------
[TENAGA NASIONAL BHD: increase in total sales of electricity of RM424.8 million reported during the period under review]

YTD19 vs YTD18:
Revenue for the period increased by 1.1% or RM547.2 million from RM50,392.5 million to RM50,939.7 million. This is consistent with the increase in total sales of electricity of RM424.8 million reported during the period under review. Profit attributable to owners of the Company for the period under review was RM4,529.2 million as compared to RM3,723.7 million recorded in the last corresponding period. During the last corresponding period, the Group recognised an impairment of RM802.7 million on its investment in associates and for the period ended 31 December 2019 impairment of RM198.3 million was recognised. The Group recorded a foreign currency translation gain of RM200.6 million as against a loss of RM393.1 million for FY2018.

4Q19 vs 4Q18:
Profit attributable to owners of the Company for the quarter under review was RM653.3 million as compared to a loss of RM134.3 million recorded in the last corresponding quarter, an increase of RM787.6 million. The increase is due to the impairment of cost of investment in associate recognised in the last corresponding quarter of RM304.7 million. Included in the profit attributable to owners of the Company for the current quarter are gains from the non-recurring transactions of RM598.9 million.

4Q19 vs 3Q19:
The profit attributable to owners of the Company decreased from RM1,202.9 million recorded in the preceding quarter to RM653.3 million in the current quarter, a decrease of RM549.6 million.

Prospects:
The Malaysian economy grew by 3.6% in the fourth quarter of 2019 (3Q 2019: 4.4%). Growth was underpinned by stronger private sector expenditure, amid supply disruptions in the commodities sector. The Board of Directors is of the view that the performance of the Group is expected to remain resilient for financial year ending 31 December 2020.
--------------------------------------------------------------------------
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