[PERUSAHAAN SADUR TIMAH MALAYSIA PERSTIMA BHD：销量和售价减少]

3Q20 vs 3Q19:
截至2019年12月31日止的本季度的收入较截至2018年12月31日止的本季度（「去年同期」）减少3390万令吉（14.3％），原因是销量和售价减少。尽管本季度的利润率较高，但由于销量减少，本季度的税前利润与去年同期相比减少了460万令吉（35.6％）。

在马来西亚，由于销量减少和售价下跌，公司在本季度的收入比去年同期减少了2,290万令吉（13.7％）。该公司本季度的税前利润为620万令吉，较上年同期的1640万令吉有所下降，这是由于上年同期子公司有股息收入为830万令吉，尽管本季度利润率较高，但销量较低。

在越南，由于销量减少和售价降低，该子公司的收入较去年同期减少了1,170万令吉（15.8％）。附属公司本季度的税前利润为250万令吉，而去年同期为480万令吉，这是由于销量减少以及本季度的利润率降低。

在菲律宾，子公司在本季度没有任何收入，因为它在2018年11月22日注册后仍处于初步阶段。子公司在本季度的税前亏损40万令吉是由于与租金和管理费有关的初步成本。

3Q20 vs 2Q20:
在本季度，集团录得收入2.036亿令吉，相比截至2019年9月30日的季度（“前一季度”）为2.4亿令吉。马镀锡工业的收入减少主要是由于销量下降以及售价下降。集团录得税前盈利830万令吉，上一季度则为1070万令吉。尽管本季度利润率较高，但税前利润较低是由于销量下降。

在马来西亚，该公司录得收入为1.446亿令吉，上一季度则为1.644亿令吉。尽管销售价格上涨，但由于销量下降，公司收入下降。该公司录得税前盈利620万令吉，上一季度则为1480万令吉。本季度的税前利润较低，主要是由于上一季度子公司的股息收入达830万令吉，加上销量有所下降，尽管本季度的利润率较高。

在越南，该子公司录得6220万令吉的收入，上一季度则为7910万令吉。子公司的收入较低，这是由于本季度销量下降以及售价下降所致。该公司的税前利润为250万令吉，上一季度为450万令吉。本季度税前利润较低是由于销量下降以及利润率下降。

在菲律宾，子公司在本季度没有任何收入，因为它在2018年11月22日注册后仍处于初步阶段。子公司在本季度的税前亏损为40万令吉，相比之下上一季度为30万令吉，是由于与租金和管理费有关的初步成本。

前景：
董事会预计，由于进口量增加以及马币兑美元的不确定性和波动性的持续影响，集团的增长和盈利能力将受到影响。
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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 RM2.23 (dividend RM0.04) in 1 year 8 months 24 days, total return is 217.5%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.70 (dividend RM0.04) in 1 year 10 months 5 days, total return is 118.9%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.38 (adjusted)(dividend RM0.055) in 11 months 4 days, total return is 105.7%

d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.10 in 1 year 3 months 16 days, total return is 91.3%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.26 (dividend RM0.148) in 1 Year 6 months 29 days, total return is 51.4%

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。

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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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[PERUSAHAAN SADUR TIMAH MALAYSIA PERSTIMA BHD: lower sales volume coupled with lower selling price]

3Q20 vs 3Q19:
The Group’s revenue for the quarter ended 31 December 2019 (“Current Quarter”) compared with the quarter ended 31 December 2018 (“Previous Year Corresponding Period”) decreased by RM33.9 million (14.3%) due to lower sales volume coupled with lower selling price. The Group’s profit before taxation for the Current Quarter compared with the Previous Year Corresponding Period decreased by RM4.6 million (35.6%) due to lower sales volume despite higher profit margin during the Current Quarter.

For Malaysia, the Company’s revenue for the Current Quarter decreased by RM22.9 million (13.7%) as compared to the Previous Year Corresponding Period due to lower sales volume coupled with lower selling price. The Company’s profit before taxation for the Current Quarter of RM6.2 million was lower as compared to RM16.4 million in the Previous Year Corresponding Period due to dividend income of RM8.3 million from subsidiary company in the Previous Year Corresponding Period coupled with lower sales volume despite higher profit margin during the Current Quarter.

For Vietnam, the subsidiary Company’s revenue decreased by RM11.7 million (15.8%) compared with the Previous Year Corresponding Period due to lower sales volume coupled with lower selling price. The subsidiary Company’s profit before taxation for the Current Quarter of RM2.5 million compared with RM4.8 million in the Previous Year Corresponding Period due to lower sales volume coupled with lower profit margin during the Current Quarter.

For Philippines, the subsidiary Company’s did not have any revenue during the Current Quarter since it was still at preliminary stage after being registered on 22 November 2018. The subsidiary Company’s loss before taxation for the Current Quarter of RM0.4 million was due to the preliminary cost related to the rental fee and administration fee during the Current Quarter.

3Q20 vs 2Q20:
For the Current Quarter, the Group recorded a revenue of RM203.6 million compared with RM240.0 million in the quarter ended 30 September 2019 (“Previous Quarter”). The Group’s lower revenue was mainly due to lower sales volume coupled with lower selling price. The Group recorded a profit before tax of RM8.3 million compared with RM10.7 million in the Previous Quarter. The lower profit before tax was due to lower sales volume despite higher profit margin in the Current Quarter.

For Malaysia, the Company recorded a revenue of RM144.6 million as compared to RM164.4 million in the Previous Quarter. The Company’s revenue was lower due to lower sales volume despite higher selling price. The Company recorded a profit before tax of RM6.2 million compared with RM14.8 million in the Previous Quarter. The lower profit before tax for the Current Quarter was mainly due to dividend income of RM8.3 million from subsidiary company in the Previous Quarter coupled with lower sales volume despite higher profit margin for the Current Quarter.

For Vietnam, the subsidiary Company recorded a revenue of RM62.2 million as compared to RM79.1 million in the Previous Quarter. The subsidiary Company’s revenue was lower due to lower sales volume coupled with lower selling price for the Current Quarter. The Company recorded a profit before tax of RM2.5 million compared with RM4.5 million in the Previous Quarter. The lower profit before tax for the Current Quarter was due to lower sales volume coupled with lower profit margin.

For Philippines, the subsidiary Company’s did not have any revenue during the Current Quarter since it was still at preliminary stage after being registered on 22 November 2018. The subsidiary Company’s loss before taxation for the Current Quarter of RM0.4 million compared with RM0.3 million in the Previous Quarter was due to the preliminary cost related to the rental fee and administration fee during the Current Quarter.

Prospects:
The Board of Directors expects the Group’s growth and profitability to be affected by the continued combination of a higher presence of imports and the uncertainty and volatility of Ringgit Malaysia against United States Dollar.
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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