[N2N CONNECT BHD：香港市场的收入疲软]

1Q20 vs 1Q19:
截至2020年3月31日的季度，集团录得2626万令吉的营业收入，相比去年相应季度为2725万令吉。收入减少3.63％，主要是由于香港市场的收入疲软。

本季度的税后利润总额为366万令吉，比去年同期的549万令吉的税后利润低33.33％。这主要是由于与去年同期相比，收入下降，美元贷款的汇兑损失，营业费用和税金增加所致。联圣的核心盈利在本季度录得359万令吉，而去年同期则为445万令吉。这主要是由于与去年同期相比，收入下降，运营费用和税金增加所致。

1Q20 vs 4Q19：
该集团在本季度录得359万令吉的核心利润，而上一财政年度则为202万令吉。

前景：
在香港，长期以来引发的抗议活动以及冠状病毒的爆发导致大多数香港经纪公司采取更加谨慎的态度，通过减少分支机构来合理化间接费用。这导致terminal subscriptions的数量减少，将导致香港的收入贡献略低。除非出现任何不可预见的情况，否则尽管发生了大流行，联圣预计其业务仍将保持。
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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 RM2.66 (dividend RM0.04) in 1 year 9 months 29 days, total return is 277.6%

b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM34.16 (adjusted)(dividend RM0.32) in 1 Year 11 months 9 days, total return is 184%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.93 (adjusted)(dividend RM0.055) in 1 Year 8 days, total return is 138.6%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.82 (dividend RM0.04) in 1 year 11 months 9 days, total return is 134%

e) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.00 in 1 year 4 months 21 days, total return is 73.9%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.39 (dividend RM0.148) in 1 Year 8 months 3 days, total return is 59.6%

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。

Whatsapp : 011 - 15852043

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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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[N2N CONNECT BHD: softer revenue from the Hong Kong market]

1Q20 vs 1Q19:
The Group recorded a revenue of RM26.26 million for the quarter ended 31 March 2020 in comparison to revenue of RM27.25 million in the preceding year's corresponding quarter. The lower revenue by 3.63% was mainly due to the softer revenue from the Hong Kong market.

The profit after taxation for the current quarter totalling to RM3.66 million was 33.33% lower than the profit after taxation of RM5.49 million recorded in the corresponding quarter. This was mainly attributed by the combination of lower revenue, higher foreign exchange losses from USD loan, higher operating expenses and taxes in comparison to the corresponding quarter. Core profits of the Group recorded RM3.59 million in the current quarter compared to RM4.45 million in corresponding quarter. This was mainly attributed by the combination of lower revenue, higher operating expenses and taxes in comparison to the corresponding quarter.

1Q20 vs 4Q19:
The Group recorded a higher core profit of RM3.59 million in the current quarter compared to RM2.02 million in the immediate preceding quarter.

Prospects:
In Hong Kong, the long drawn protests followed by the coronavirus outbreak has resulted in majority of Hong Kong brokers taking a more prudent stance of rationalizing overheads through the reduction of branches. This has resulted in a reduction in terminal subscriptions which will translate to a slightly lower revenue contribution from Hong Kong. Barring any unforeseen circumstances, the Group expects its business to remain resilient despite the ongoing pandemic.
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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