[I-BERHAD：自2018年以来没有新项目推出，未开单销售的下降影响了本季度的业绩]

1Q20 vs 1Q19:
截至2020年3月31日的当前财政季度（“ 2020年第一季度”），集团的收入和税前利润分别为2870万令吉和140万令吉，而截至2019年3月31日（“ Q1 2019”）的相应财政季度的收入和税前利润分别为4110万令吉和910万令吉。

物业发展：
自2018年以来没有新项目推出，未开单销售的下降影响了本季度的业绩。

物业投资：
物业投资部门的业绩基本未变，除税前亏损主要由应占联营公司业绩所导致。

休闲：
自2020年大爆发冠状病毒（“ COVID-19”）以及马来西亚政府自2020年3月18日起实施行动控制令（“ MCO”）后，休闲部门的收入和税前利润受到了重大影响，因为主题公园已暂时关闭，这是集团为协助打破马来西亚的COVID-19传输链所做的努力的一部分。

1Q20 vs 4Q19:
集团在本季度分别录得较低的收入和税前利润，为2870万令吉和140万令吉，而上一季度则分别为4720万令吉和810万令吉。与2019年第四季度的好业绩（休闲部门较好的季度）相比，COVID-19大流行的爆发对本季度的业绩产生了不利影响。

前景：
由于我们正面临全球COVID-19大流行，2020年将是更具挑战性和更高要求的一年。马来西亚，乃至世界，目前正面临许多因COVID-19而让生命面对前所未有的时光。 COVID-19大流行病的爆发仍在持续，对因停业，限制旅行和人员流动，所引起的本地和全球经济的不利影响。此外，目前尚无法确定COVID-19大流行的全部影响，消费者行为的变化以及经济复苏的速度。

考虑到前所未有的困难时期充满了不确定性，目前尚无法确定此次危机对I公司2020年剩余时间业务活动的前景和影响。董事会认为，尽管I公司持续经营，但在截至2020年12月31日的财政年度中，I公司的经营业绩仍将充满挑战。
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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 RM3.14 (dividend RM0.04) in 1 year 11 months 2 days, total return is 344.8%

b) TOPGLOV (TOP GLOVE CORP BHD), recommended on 1 July 18, initial price was RM12.14, rose to RM46.32 (adjusted)(dividend RM0.52) in 2 Years 13 days, total return is 285.8%

c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM4.86 (adjusted)(dividend RM0.055) in 1 Year 1 month 12 days, total return is 194.3%

d) OPENSYS (OPENSYS M BHD), recommended on 24 May 20, initial price was RM0.355, rose to RM0.77 in 1 month 20 days, total return is 116.9%

e) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.66 (dividend RM0.04) in 2 Years 13 days, total return is 113.8%

f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.875 in 1 year 5 months 23 days, total return is 52.2%

g) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.16 (dividend RM0.188) in 1 Year 9 months 7 days, total return is 47.7%

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

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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[I-BERHAD: The performance for the current quarter had been impacted by lower unbilled sales as there was no new project launched since 2018]

1Q20 vs 1Q19:
For the current financial quarter ended 31 March 2020 (“Q1 2020”), the Group posted lower revenue and profit before tax of RM28.7 million and RM1.4 million respectively as compared to the revenue and profit before tax of RM41.1 million and RM9.1 million respectively for the corresponding financial quarter ended 31 March 2019 (“Q1 2019”).

Property development:
The performance for the current quarter had been impacted by lower unbilled sales as there was no new project launched since 2018.

Property investment:
The property investment segment results have been fairly unchanged with the loss before taxation contributed mainly by the share of results of an associate.

Leisure:
The leisure segment revenue and profit before tax had been impacted significantly by the outbreak of Coronavirus Disease 2019 (“COVID-19”) pandemic as well as the implementation of Movement Control Order (“MCO”) by the Government of Malaysia since 18 March 2020 whereby the theme park has been temporarily closed as part of the Group’s effort in assisting in the breaking of the COVID-19 transmission chain in Malaysia.

1Q20 vs 4Q19:
The Group registered lower revenue and profit before tax of RM28.7 million and RM1.4 million respectively for the current quarter as compared to RM47.2 million and RM8.1 million respectively for the preceding quarter. The outbreak of the COVID-19 pandemic had adversely impacted the results of the current quarter as compared with the better results in Q4 2019 which was the peak period for the
leisure segment.

Prospects:
The year 2020 will be a more challenging and demanding year as we are facing a global COVID-19 pandemic. Malaysia, as indeed the world, is currently facing unprecedented time in the lives of many with COVID-19. The outbreak of COVID-19 pandemic which is still persisting has adversely affected both the local and global economies arising from suspensions of businesses, imposition of travel restrictions and limited movement of people. Further, the full impact of the COVID-19 pandemic, changes in consumer behaviour and how soon the economy will recover cannot be ascertained at this juncture.

Considering the unprecedented difficult times filled with uncertainty, the prospects and impact of this crisis on the Group’s business activities for the remaining of the year 2020 could not be determined at this juncture. The Board is of view that the operating performance of the Group will remain challenging for the financial year ending 31 December 2020 despite the Group’s continuous
strategic efforts.
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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