[IGB REAL ESTATE INVESTMENT TRUST：购物流量将下降多达50％，并且预计零售行业在2020年第一季度将同比下降18.8％；零售行业将在2020年全年收缩5.5％]

在本季度，怡保花园产托的总收入为1.250亿令吉，较2019年同期的1.412亿令吉下降11.5％。净产业收入为8840万令吉，较2019年同期的1亿350万令吉减少14.6％。税后盈利为6,840万令吉，较2019年同期的8,290万令吉下跌17.5％。总收入，净产业收入和税后利润较低的主要原因是，自2020年3月中以来，因Covid-19大流行和MCO，为租户提供了租金支持，并降低了停车场收入。

QoQ：
在本季度，IGB REIT的总收入为1.250亿令吉，较上一季度的1.396亿令吉降低10.5％。净产业收入为8,840万令吉，较上季的9,610万令吉降低8.0％。税后盈利为6,840万令吉，较上一季度的7,530万令吉降低9.2％。总收入，净产业收入和税后利润较低的主要原因是，自2020年3月中以来，因Covid-19大流行和MCO，为租户提供了租金支持，并降低了停车场收入。

前景：
世界正处于衰退中。 MCO于2020年3月18日至2020年4月28日对马来西亚进行封锁，以遏制新型冠状病毒Covid19大流行。结果，除了那些提供基本服务的地方，所有政府和私人场所都被关闭。此后，其他行业已停止交易。 MCO和Covid19大流行对购物中心的业务产生了深远的负面影响。现在，大多数经济学家预计马来西亚的实际国内生产总值将在2020年萎缩，从而导致失业率上升和收入下降。

马来西亚零售集团（“ RGM”）估计，购物流量将下降多达50％，并且预计零售行业在2020年第一季度将同比下降18.8％。零售行业已严重恶化。结果可能在Covid19大流行持续时间长和国内需求下降的情况下，零售行业将在2020年全年收缩5.5％。尽管前景严峻且面临许多挑战，IGB REIT仍决心在整个Covid19大流行中保持韧性，并致力于长期发展，保护利益相关者的长期价值。
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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 RM2.13 (dividend RM0.04) in 1 year 8 months 11 days, total return is 203.5%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.63 (dividend RM0.04) in 1 year 9 months 22 days, total return is 110.1%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.06 (adjusted)(dividend RM0.055) in 10 months 21 days, total return is 86.5%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.02 in 1 year 3 months 3 days, total return is 77.4%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.30 (dividend RM0.148) in 1 Year 6 months 16 days, total return is 54%

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

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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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[IGB REAL ESTATE INVESTMENT TRUST: Retail Group Malaysia (“RGM”) has estimated that shopping traffic will decline by up to 50% and the retail industry is expected to post a 18.8% year-on-year contraction for the first quarter of 2020; the retail industry will contract by 5.5% for the entire year 2020]

For the current quarter, IGB REIT’s gross revenue was RM125.0 million, declined 11.5% against the corresponding quarter in 2019 of RM141.2 million. Net property income was RM88.4 million, decreased 14.6% compared with the corresponding quarter in 2019 of RM103.5 million. Profit after taxation was RM68.4 million, dropped 17.5% compared with the corresponding quarter in 2019 of RM82.9 million. The lower gross revenue, net property income and profit after taxation are mainly due to the rental support provided to tenants and lower car park income arising from the Covid-19 pandemic and MCO since mid-March 2020.

QoQ:
For the current quarter, IGB REIT’s gross revenue was RM125.0 million, 10.5% lower compared with the immediate preceding quarter of RM139.6 million. Net property income was RM88.4 million, 8.0% lower compared with net property income of RM96.1 million in the preceding quarter. Profit after taxation was RM68.4 million, 9.2% lower compared with the immediate preceding quarter of RM75.3 million. The lower gross revenue, net property income and profit after taxation are mainly due to the rental support provided to tenants and lower car park income arising from the Covid-19 pandemic and MCO since mid-March 2020.

Prospects:
The world is in recession. Malaysia is in lock-down following the MCO from 18 March 2020 to 28 April 2020 to contain the novel coronavirus Covid19 pandemic. As a result, all government and private premises are closed except those providing essential services. All other trades and businesses have since ceased trading. The MCO and the Covid19 pandemic have a profound negative impact on the business of shopping mall. Most economists now expect Malaysia's real gross domestic product to contract in 2020, resulting in rising unemployment and lower incomes.

Retail Group Malaysia (“RGM”) has estimated that shopping traffic will decline by up to 50% and the retail industry is expected to post a 18.8% year-on-year contraction for the first quarter of 2020. The Malaysia retail industry had since deteriorated significantly. As a result of the prolonged Covid19 pandemic and falling domestic demand, the retail industry will contract by 5.5% for the entire year 2020. Despite the grim outlook and many challenges ahead, IGB REIT is determined to remain resilient throughout the Covid19 pandemic, and is committed to long-term value for stakeholders.
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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