[WAH SEONG CORP BHD：总订单额为9.296亿令吉，其中包括石油与天然气部门的5.767亿令吉，可再生能源部门的3.093亿令吉以及工业贸易与服务部门的4360万令吉]

石油和天然气部门：
截至2019年12月31日的第四季度和财政年度，该部门的税前亏损分别为5770万令吉和税前利润为1090万令吉，而2018年同期的税前利润为1330万令吉和1.121亿令吉。

可再生能源领域：
可再生能源部门在截至2019年12月31日的第四季度和财政年度的外部收入分别为1.126亿令吉和3.996亿令吉，而2018年同期为1亿令吉和3.358亿令吉。税前利润为480万令吉和2550万令吉，而2018年同期为730万令吉和3070万令吉。与2018年同期相比，本季度和年初至今收入的增长归因于process equipment制造业务的活动显着增加，并拿到和执行了更多的项目。

工业贸易与服务部门：
在截至2019年12月31日的第四季度及财政年度，该部门录得430万令吉和210万令吉的税前亏损，相比之下，2018年同期为290万令吉的税前亏损和710万令吉的税前利润。本季度，HDPE pipes业务的收入增长被建筑材料业务和建筑设备业务的收入减少所抵消。

QoQ：
集团在本季录得6380万令吉的税前亏损，而上一季则录得1660万令吉的税前利润。

前景：
华商控股目前的总订单额为9.296亿令吉，其中包括石油与天然气部门的5.767亿令吉，可再生能源部门的3.093亿令吉以及工业贸易与服务部门的4360万令吉。该集团正在全球范围内竞标/招标许多工作，预计将在未来几个月内授予这些工作。集团有信心将获得其中一些工作，这将在截至2020财政年度为集团带来积极的贡献。
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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 RM1.65 (dividend RM0.04) in 1 year 7 months 13 days, total return is 136.4%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.44 (dividend RM0.04) in 1 year 8 months 24 days, total return is 86.2%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.58 (adjusted)(dividend RM0.055) in 9 months 23 days, total return is 57.8%

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

7月5日星期日：Espira Sri Petaling, KL 3份点心

7月11日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心

7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

7月4日星期六：Espira Sri Petaling, KL

7月12日星期日：Silka Johor Bahru Hotel, Johor Bahru

7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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[WAH SEONG CORP BHD: order book of RM929.6million comprises RM576.7 million in Oil & Gas segment, RM309.3 million in the Renewable Energy segment, and RM43.6 million in the Industrial Trading & Services segment]

Oil & Gas Segment:
For the fourth quarter and financial year ended 31 December 2019, the segment had loss before tax of RM57.7 million and profit before tax of RM10.9 million respectively, compared with profit before tax of RM13.3 million and RM112.1 million in the corresponding periods in 2018.

Renewable Energy Segment:
The Renewable Energy Segment’s external revenue for the fourth quarter and financial year ended 31 December 2019 were RM112.6 million and RM399.6 million, compared with RM100.0 million and RM335.8 million in the corresponding periods in 2018. In the same period, profit before tax were RM4.8 million and RM25.5 million, compared with RM7.3 million and RM30.7 million in the corresponding periods in 2018. For the current quarter and year to date compared with the corresponding periods in 2018, the increase in revenue was attributable to significant increased activities in the process equipment fabrication businesses, with higher number of projects secured and executed.

Industrial Trading & Services Segment:
For the fourth quarter and financial year ended 31 December 2019, the segment recorded a loss before tax of RM4.3 million and RM2.1 million, compared with loss before tax of RM2.9 million and profit before tax of RM7.1 million in the corresponding periods in 2018. For the current quarter compared with the corresponding quarter in 2018, the increase in revenue from the HDPE pipes business was offset by lower revenue from the building materials business and construction equipment business.

QoQ:
The Group recorded a loss before taxation of RM63.8 million in the current quarter, compared with a profit before taxation RM16.6 million in the previous quarter.

Prospects:
The Group’s current order book of RM929.6 million comprises RM576.7 million in Oil & Gas segment, RM309.3 million in the Renewable Energy segment, and RM43.6 million in the Industrial Trading & Services segment. The Group is bidding/tendering for a number of jobs globally which are anticipated to be awarded over the coming months. The Group is confident that it will secure some of these jobs which will have a positive contribution to the Group in the financial year ending 2020.
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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