[TAN CHONG MOTOR HOLDINGS BHD：COVID-19大流行严重影响了全球和我国的经济活动，从而严重影响了绩效。本地企业在行动控制令（MCO）期间无法运营]

截至2020年6月30日的季度，集团录得收入5.129亿令吉，税前亏损为8630万令吉，分别比去年同期减少51.9％和311.6％。截至2020年6月30日的6个月期间，集团录得收入12.472亿令吉和税前亏损8610万令吉，分别比去年同期减少41.9％和222.1％。

车辆组装，制造，分销和售后服务（汽车）：
汽车部门在本季度回顾中的收入较低，为4.927亿令吉（YoY下降-52.7％），而息税折旧及摊销前亏损（LBITDA）为1750万令吉（YoY-121.7％）。截至2020年6月30日的6个月期间，汽车部门的营业额减少到12.022亿令吉（YoY-42.7％），息税折旧及摊销前收益（EBITDA）减少到1,030万令吉（YoY-93.1％）。

COVID-19大流行严重影响了全球和我国的经济活动，从而严重影响了绩效。本地企业在行动控制令（MCO）期间无法运营。海外市场的业务也受到了大流行的影响，尽管程度较小。与去年相比，这些中断导致收入和EBITDA下降。

金融服务（租购和保险）：
金融服务部门在本季度回顾中录得较低的收入（1550万令吉）（YoY-26.1％）和LBITDA 1680万令吉（YoY-343.3％）。截至2020年6月30日的6个月期间，金融服务部门的营业额减少至3,450万令吉（YoY-20.4％），LBITDA则为1,300万令吉（YoY-201.0％）。这主要是由于在MCO期间收款明显减少，因本季度确认的租购应收款的减值损失增加所致。

其他部门（投资和物业）：
在本季度回顾中，来自其他业务的收入略高至470万令吉（YoY增长16.0％），但EBITDA较低，为60万令吉（YoY-88.7％），这主要是由于当前季度净外汇收益减少所致。截至2020年6月30日的6个月期间，来自其他业务的收入增加至1,050万令吉（YoY增长43.0％），而EBITDA改善至1,690万令吉（YoY增长494.1％）。

前景：
2020年第二季度，由于COVID-19大流行的空前影响，马来西亚的国内生产总值（“ GDP”）下降了17.1％。马来西亚政府于2020年3月18日实施的MCO和2020年5月4日至2020年6月9日的有条件MCO对集团的全国业务产生了影响。同样，在其他开展业务的国家，即越南，缅甸，老挝和柬埔寨，也实施了不同程度的封锁措施。封锁的结果也影响了它们在这些国家的表现，尽管与马来西亚本地市场相比范围较小。陈唱摩多将继续采取积极措施，以提高其在所经营的所有市场中的竞争力，并继续专注于关键业务战略，以推动业务增长并实现运营可持续性。
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James Ng Stock Pick Performance:
Since Recommended Return:

a. FRONTKEN CORP BHD, recommended on 12 Aug 18, initial price was RM0.715, rose to RM3.72, dividend RM0.052, in 2 years 1 month 27 days, total return is 427.6%

b. TOP GLOVE CORP BHD, recommended on 1 July 18, initial price was RM12.14, rose to RM52.86 adjusted, dividend RM0.52, in 2 Years 3 months 7 days, total return is 339.7%

c. MI TECHNOVATION BERHAD, recommended on 2 Jun 19, initial price was RM1.67, rose to RM6.39 adjusted, dividend RM0.055, in 1 Year 4 months 7 days, total return is 285.9%

d. PROLEXUS BHD, recommended on 25 Aug 19, initial price was RM0.455, rose to RM1.64, dividend RM0.003, in 1 Year 1 month 14 days, total return is 261.1%

e. OPENSYS M BHD, recommended on 24 May 20, initial price was RM0.355, rose to RM0.95, dividend RM0.005, in 4 months 15 days, total return is 169%

f. CHIN HIN GROUP BHD, recommended on 2 Feb 20, initial price was RM0.57, rose to RM1.37, dividend RM0.02, in 8 months 7 days, total return is 143.9%

g. INTA BINA GROUP BHD, recommended on 26 Apr 20, initial price was RM0.19, rose to RM0.335, in 5 months 13 days, total return is 76.3%

h. KAREX BHD, recommended on 20 Oct 19, initial price was RM0.445, rose to RM0.72, dividend RM0.015, in 11 months 19 days, total return is 65.2%

i. PERAK TRANSIT BHD, recommended on 19 July 20, initial price was RM0.18, rose to RM0.28, dividend RM0.0025, in 2 months 20 days, total return is 56.9%

j. UNISEM (M) BHD, recommended on 19 May 19, initial price was RM2.58, rose to RM3.93, dividend RM0.08, in 1 Year 4 months 20 days, total return is 55.4%

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超过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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高波动性投资产品，你的交易存在风险。过往表现不能作为将来业绩指标。内容仅作为分享，讨论以及领域的分析，而非是一种投资建议，买或卖自负。请Like和Share。最终决定永远是你的，谢谢。

James Ng
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[TAN CHONG MOTOR HOLDINGS BHD: The performance was significantly affected by the COVID-19 pandemic which has plagued global and local economic activities. The local businesses were unable to operate during the Movement Control Order (“MCO”) period]

For the quarter ended 30 June 2020, the Group recorded revenue of RM512.9 million and loss before tax of RM86.3 million, a decrease of 51.9% and 311.6% respectively compared to the same quarter preceding year. For the 6 months period ended 30 June 2020, the Group recorded revenue of RM1,247.2 million and loss before tax of RM86.1 million, a decrease of 41.9% and 222.1% respectively compared to the same period preceding year.

Vehicles Assembly, Manufacturing, Distribution & After-Sales Service (Automotive):
The automotive division recorded a lower revenue of RM492.7 million in the current quarter under review (-52.7% year-on-year (“YoY”)) and a Loss Before Interest, Tax, Depreciation and Amortization (“LBITDA”) of RM17.5 million (-121.7% YoY). As for the 6 months period ended 30 June 2020, the automotive division recorded a lower revenue of RM1,202.2 million (-42.7% YoY) and lower Earnings Before Interest, Tax, Depreciation and Amortization (“EBITDA”) of RM10.3 million (-93.1% YoY).

The performance was significantly affected by the COVID-19 pandemic which has plagued global and local economic activities. The local businesses were unable to operate during the Movement Control Order (“MCO”) period. The businesses in the overseas markets have also been affected by the pandemic, albeit to a lesser extent. These disruptions have led to a decline in revenue and EBITDA compared to preceding year.

Financial Services (Hire Purchase and Insurance):
The financial services division recorded a lower revenue of RM15.5 million in the current quarter under review (-26.1% YoY) and a LBITDA of RM16.8 million (-343.3% YoY). As for the 6 months period ended 30 June 2020, the financial services division recorded a lower revenue of RM34.5 million (-20.4% YoY) and LBITDA of RM13.0 million (-201.0% YoY).The loss suffered by the division was mainly due to higher impairment loss on hire purchase receivables recognised during the quarter as collections were significantly lower during the MCO period.

Other Operations (Investments and Properties):
Revenue from Other Operations was slightly higher at RM4.7 million in the current quarter under review (+16.0% YoY) but EBITDA was lower at RM0.6 million (-88.7% YoY), mainly caused by a lower net foreign exchange gain in the current quarter. As for the 6 months period ended 30 June 2020, revenue from Other Operations was higher at RM10.5 million (+43.0% YoY) and EBITDA improved to RM16.9 million (+494.1% YoY).

Prospects:
In the second quarter of 2020, Malaysia’s Gross Domestic Product (“GDP”) contracted 17.1% due to the unprecedented impact of the COVID-19 pandemic. The MCO imposed by the Government of Malaysia on 18 March 2020 and Conditional MCO from 4 May 2020 to 9 June 2020, have impacted the Group’s business operations nationwide. Similarly, in the other countries where they have operations, namely Vietnam, Myanmar, Laos and Cambodia, varying degrees of lockdown measures have also been implemented. Their performance in these countries were also affected as a result of the lockdown, albeit to a lesser extent compared to the local market in Malaysia. The Group will continue to take active measures to improve its competitiveness in all the markets they operate in and maintain their focus on the key business strategies to drive business growth and achieve operational sustainability.
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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 over 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