[GEORGE KENT MALAYSIA BHD：LRT 3项目重组影响工作进展]
工程：
截至2018年7月31日止的本季度收入为7,991万令吉，较2017年同季的1.4786亿令吉减少46％。截至2018年7月31日止期间的收入为1.529亿令吉，较去年2017年同期的2.4283亿令吉减少37％，因为2017年完成了几个项目。此外，Light Rail Transit Line 3（LRT3）项目的收入未确认，该项目以50%的权益会计为基础。
水表：
截至二零一八年七月三十一日止的本季度收入为3302万令吉，较2017年同季的3971万令吉下降17％。截至2018年7月31日止的本季度部门利润为650万令吉，较2017年同季度的934万令吉降低30％，因为销售额和毛利率下降。
截至二零一八年七月三十一日止期间的收入为5980万令吉，较二零一七年同期的7416万令吉减少19％。截至2018年7月31日止期间的部门溢利为1259万令吉，较去年2017年同期的1905万令吉减少34％，主要是由于本期销售额下降所致。
综合税前利润：
乔治肯特本季度税前利润为2988万令吉（2017年7月31日：3303万令吉），下降10％。截至2018年7月31日止期间，乔治肯特的税前利润为5,557万令吉（2017年7月31日：5806万令吉），下降4％。税前利润下降主要归因于水表计量部门的利润减少。
前景：
尽管LRT 3项目的重组影响了工作的进展，但第二季度的结果仍然不错。该集团的订单目前仅超过50亿令吉，将在未来几年继续提供盈利能见度。
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James Ng Stock Pick Performance:
Since Recommended Return:
1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.925 in 1 month 15 day, total return is 29.4%
2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.96 in 2 month 26 days, total return is 20.8%
3) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.51 in 2 months 19 days, total return is 15.7%
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）：
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[GEORGE KENT MALAYSIA BHD: progress of work being affected by restructuring of LRT 3 project]
Engineering:
Revenue of RM79.91 million for the current quarter ended 31 July 2018 was 46% lower as compared to RM147.86 million for the corresponding quarter in 2017. Revenue of RM152.90 million for the period ended 31 July 2018 was 37% lower as compared to RM242.83 million for the corresponding period in 2017 attributed to the completion of a few projects in 2017. Furthermore, revenue was not recognised for the Light Rail Transit Line 3 (LRT3) project, which is based on equity accounting for the 50% interest in the project.
Metering:
Revenue of RM33.02 million for the current quarter ended 31 July 2018 was 17% lower compared to RM39.71 million for the corresponding quarter in 2017. Segment profit of RM6.50 million for the current quarter ended 31 July 2018 was 30% lower as compared to RM9.34 million for the corresponding quarter in 2017, due to lower sales and gross profit margin.
Revenue of RM59.80 million for the period ended 31 July 2018 was 19% lower compared to RM74.16 million for the corresponding period in 2017. Segment profit of RM12.59 million for the period ended 31 July 2018 was 34% lower as compared to RM19.05 million for the corresponding period in 2017 mainly due to the lower sales in the current period.
Consolidated profit before tax:
The Group's current quarter profit before tax of RM29.88 million (31 July 2017: RM33.03 million) was 10% lower. The Group's profit before tax for the period ended 31 July 2018 of RM55.57 million(31 July 2017: RM58.06 million) was 4% lower. The lower profit before tax reported was mainly attributed to lower profits contributed by Metering division.
Prospects:
The second quarter's results are credible in spite of the progress of work being affected by the restructuring of the LRT 3 project. The Group’s orderbook, currently standing at just over RM5 billion, will continue to provide earnings visibility over the next few years.
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James Ng Stock Pick Performance:
Since Recommended Return:
1) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM0.925 in 1 month 15 day, total return is 29.4%
2) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM0.96 in 2 month 26 days, total return is 20.8%
3) Gtronic (GLOBETRONICS TECHNOLOGY BHD), recommended on 8 Jul 18, initial price was RM2.17, rose to RM2.51 in 2 months 19 days, total return is 15.7%
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.
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