[GEORGE KENT MALAYSIA BHD：政府将LRT3项目重新定为固定价格合同而产生的收入确认重新安排]
工程：
截至2019年1月31日止的本季度收入为7,964万令吉，较2018年同季的1.3964亿令吉下降43％。截至2019年1月31日止的本季度部门利润为3887万令吉，与2018年同期的7,398万令吉相比低47％。较低的部门利润主要来自较低的收入。
截至二零一九年一月三十一日止年度的收入为2.9767亿令吉，较2018同期的4.6461亿令吉减少36％，原因是2017年完成几个项目。此外，未确认LRT3项目的收益，因为基于核算项目的50％权益。截至2019年1月31日止年度的部门溢利为1.1397亿令吉，较截至2018年1月31日止年度的1.5448亿令吉减少26％，原因是收入减少。
水表：
截至2019年1月31日止年度的收入为1.3307亿令吉，较2018年同期的1.5239亿令吉减少13％。截至2019年1月31日止年度的部门溢利为2838万令吉，较2018年同期3621万令吉减少22％ ，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3,615万令吉（2018年1月31日：6,554万令吉），下降45％。报告的税前利润较低主要归因于工程部门的贡献较低。其他收益和亏损主要来自外汇未实现的外汇损失，即所持外汇的68万令吉（2018年1月31日：948万令吉）。截至2019年1月31日止年度，乔治肯特的税前利润为1.2641亿令吉（2018年1月31日：1.603亿令吉），较去年下降21％。报告的税前利润较低主要归因于工程部门的贡献较低。
截至2019年1月31日止的当前季度的税前利润比上一季度高出4％，原因是工程部门的利润增加。
前景：
尽管由于政府将LRT3项目重新定为固定价格合同而产生的收入确认重新安排，但本年度的表现仍然还好。
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James Ng Stock Pick Performance:
Since Recommended Return:
a) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.42 in 3 months 22 days, total return is 77.5%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.29 in 9 months 6 day, total return is 62.3%
c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.13 (dividend RM0.015) in 7 months 26 days, total return is 60.1%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.88 in 2 months 18 days, total return is 53%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.33 in 3 months 15 days, total return is 37.8%
f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.32 (dividend RM0.0825) in 5 months 24 days, total return is 27.1%
g) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.24 in 2 months 18 days, total return is 19.2%
h) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.66 (dividends RM0.02) in 6 months 7 days, total return is 17.5%
i) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 3 months 7 days, total return is 15.3%
j) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.39 (dividend RM0.035) in 4 months 20 days, total return is 12.2%
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。
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James Ng
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[GEORGE KENT MALAYSIA BHD: re-timing of income recognition arising from the re-modelling of LRT3 project to a fixed price contract by the Government]
Engineering:
Revenue of RM79.64 million for the current quarter ended 31 January 2019 was 43% lower as compared to RM139.64 million for the corresponding quarter in 2018. Segment profit of RM38.87 million for the current quarter ended 31 January 2019 was 47% lower as compared to RM73.98 million for the corresponding quarter in 2018. The lower segment profit was mainly contributed by the lower revenue.
Revenue of RM297.67 million for the year ended 31 January 2019 was 36% lower as compared to RM464.61 million for the corresponding period in 2018 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. Segment profit of RM113.97 million for the year ended 31 January 2019 was 26% lower as compared to RM154.48 million for the year ended 31 January 2018 due to lower revenue.
Metering:
Revenue of RM133.07 million for the year ended 31 January 2019 was 13% lower compared to RM152.39 million for the corresponding period in 2018. Segment profit of RM28.38 million for the year ended 31 January 2019 was 22% lower as compared to RM36.21 million for the corresponding period in 2018 mainly due to the lower sales in the current period.
Consolidated profit before tax:
The Group's current quarter profit before tax of RM36.15 million (31 January 2018: RM65.54 million) was 45% lower. The lower profit before tax reported was mainly attributed to lower contribution from the Engineering division. Other gains and losses mainly arose from unrealised loss on foreign exchange of RM0.68 million (31 January 2018: RM9.48 million) on foreign currencies held. The Group's profit before tax for the year ended 31 January 2019 of RM126.41 million (31 January 2018: RM160.30 million) was 21% lower. The lower profit before tax reported was mainly attributed to lower contribution from the Engineering division.
The profit before taxation for the current quarter ended 31 January 2019 is 4% higher than the preceding quarter due to higher profit contributed by the Engineering division.
Prospects:
The current year's performance is credible in spite of the re-timing of income recognition arising from the re-modelling of LRT3 project to a fixed price contract by the Government.
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James Ng Stock Pick Performance:
Since Recommended Return:
a) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.42 in 3 months 22 days, total return is 77.5%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.29 in 9 months 6 day, total return is 62.3%
c) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.13 (dividend RM0.015) in 7 months 26 days, total return is 60.1%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.88 in 2 months 18 days, total return is 53%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.33 in 3 months 15 days, total return is 37.8%
f) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.32 (dividend RM0.0825) in 5 months 24 days, total return is 27.1%
g) HSSEB (HSS ENGINEERS BHD), recommended on 20 Jan 19, initial price was RM1.04, rose to RM1.24 in 2 months 18 days, total return is 19.2%
h) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.66 (dividends RM0.02) in 6 months 7 days, total return is 17.5%
i) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.98 in 3 months 7 days, total return is 15.3%
j) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.39 (dividend RM0.035) in 4 months 20 days, total return is 12.2%
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 https://web.facebook.com/jamesshareinvest/
In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://web.facebook.com/jamesshareinvest/posts/2229034960696579 by date.
James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/
James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp
Facebook Group: https://www.facebook.com/groups/jamesinvesting
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
https://klse.i3investor.com/blogs/general/201734.jsp
