[P I E INDUSTRIAL BHD：现有客户对电子制造（EMS），原始电线电缆产品，线束产品和贸易活动的需求减少]
3Q19 vs 3Q18:
营业额较去年同期减少794万令吉或5％。减少的主要原因是现有客户对电子制造（EMS），原始电线电缆产品，线束产品和贸易活动的需求减少。与去年同期相比，税前盈利增加了856万令吉或61％。该增长被本季度的收入减少和卖不出的库存的准备金增加所抵消。
YTD19 vs YTD18：
收入增加主要是由于现有客户收到的电子制造活动（EMS）和线束产品订单增加，但部分被原始电线电缆产品和贸易部门收入减少所抵消。截至2019年9月30日的财政期间，广宇科技的税前盈利为3,282.7万令吉，较截至2018年9月30日的同期的3256.2万令吉增加1％或26.5万令吉。增长部分被滞销库存准备金的增加所抵销。
3Q19 vs 2Q19：
集团在这季度的收入与上一季度相比下降了8％。减少的主要原因是EMS和贸易部门的需求下降，但部分被原始电缆和电线产品以及线束产品的收入增加所抵消。
本季度广宇科技的税前利润与上一季度相比增长了160％。增长的主要原因是外币折算收益增加，应收账款减值拨回和营业费用的减少，但被较低的收入，较高的行政和分销费用以及较高的滞销库存拨备所抵消。
截至2019年9月30日，集团总资产由2018年12月31日的5.92925亿令吉减少1750.5万令吉，至5.7542亿令吉。减少是因为实施有效的库存管理系统以减少应收账款，减少存货成本。
前景：
对于EMS活动（占80％），从长远来看，预计现有订单和潜在新客户的订单将因其完全建成的垂直集成制造工厂而增加，该工厂在过去5年中一直在改善。马来西亚令吉兑美元的任何剧烈波动将是影响其在不久的将来表现的主要因素。预计其两种主要原材料即铜和PVC的成本在不久的将来会增加。由于母公司缺乏有吸引力的电子产品，管理层预计在不久的将来贸易部门不会有显着增长。
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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 RM2.25 (dividend RM0.025) in 1 year 4 months 1 day, total return is 218.2%
b) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.31 in 10 months 23 days, total return is 127.8%
c) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM0.875 in 3 months 18 days, total return is 92.3%
d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.42 (dividend RM0.04) in 1 year 5 months 12 days, total return is 83.6%
e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.88 (adjusted)(dividend RM0.01) in 6 months 11 days, total return is 73.1%
f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.34 (dividends RM0.113) in 1 Year 2 months 6 days, total return is 54.3%
g) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.21 (dividend RM0.015) in 11 months 27 days, total return is 53.1%
h) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.34 in 5 months 13 days, total return is 48.9%
i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.66 (dividend RM0.07) in 1 Year 25 days, total return is 36.2%
j) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.26 (dividend RM0.018) in 11 months 20 days, total return is 32.4%
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。
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。
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11a.m. – 7p.m.，免费茶和咖啡
12月22日星期日：AG Hotel Penang, George Town 2份点心
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2020年2月22日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心
2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐
12月21日星期六：AG Hotel Penang, George Town
12月28日星期六：Hotel Sri Petaling, KL
2020年2月23日星期日：Silka Johor Bahru Hotel, Johor Bahru
3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡
12月20日星期五：AG Hotel Penang, George Town 2份点心
12月27日星期五：Hotel Sri Petaling, KL 3份点心
2020年2月21日星期五：Silka Johor Bahru Hotel, Johor Bahru 7份点心
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
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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
---------------------------------
[P I E INDUSTRIAL BHD: lower demand from existing customers for electronics manufacturing (EMS), raw wire & cable products, wire harness products and trading activities]
3Q19 vs 3Q18:
The revenue decreased by RM7.940 million or 5% as compared to preceding year corresponding quarter. The decrease was mainly attributable to lower demand from existing customers for electronics manufacturing (EMS), raw wire & cable products, wire harness products and trading activities. Compared with the preceding year corresponding quarter, the profit before tax increased by RM8.560 million or 61%. The improvement were offset against lower in revenue recorded and increase in provision for slow moving inventory in the current quarter.
YTD19 vs YTD18:
The increase of revenue was mainly attributable to increased orders received from existing customers for electronics manufacturing activities (EMS) and wire harness products, but partly offset with lower revenue from raw wire & cable products and trading segments. For the financial period ended 30 September 2019, the Group recorded profit before tax of RM32.827 million, a increase of 1% or RM0.265 million as compared to the corresponding period ended 30 September 2018 of RM32.562 million. The increase was partially offset against the increase in provision for slow moving inventory.
3Q19 vs 2Q19:
The Group’s revenue for the quarter under review has decreased by 8% as compared with the preceding quarter. The decrease was mainly due to lower demand recorded for EMS and trading segments but partly offset with higher revenue achieved by raw cable & wire products and wire harness products.
The Group's profit before tax for the current quarter has increased by 160% as compared to preceding quarter. The increase was mainly due to higher gain from foreign currency translation, reversal of impairment of trade receivables and lower operating expenses but was offset against lower revenue, higher administrative and distribution expenses and higher provision of slow moving inventory.
As at 30 September 2019, the Group's total assets decreased by RM17.505 million to RM575.420 million from RM592.925 million as at 31 December 2018. The decline was mainly due to decrease in trade receivables as a result of collection of overdue trade receivables and the decrease in inventory as a result of implementing an effective inventory management system that reduce inventory holding costs.
Prospects:
For EMS activities (80%), orders are expected to increase in the long run from existing customers and potential new customers through its fully built-up vertical integrated manufacturing facilities which have been improved in operation for the past 5 years. Any drastic fluctuation of Ringgit Malaysia against USD will be the main factor affecting its performance in the near future. The cost of its two main raw materials i.e copper and PVC are expected to increase in the near future. The management does not expect significant growth from the trading segment in the near future due to the lack of attractive electronics products from the parent companies.
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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
