'No good.' is this sentence correct?

唔會!!
因為"no "後面要跟個noun
eg: I have no money.
所以應該話"not good "
adj前面要跟"not "~
eg: I am not good enough.
希望幫到你...

No good (no-good) is not in Chinese style, it is what it is.

it is an adjective / noun
adjective: lacking worth or merit; useless; bad
noun: a person or thing that is worthless or undependable.

It's no good arguing with them.
This no-good faucet never did work properly.
Her no-good brother sold me the car.
He's up to something no-good.
The check was no good.
That teacher is no good.

I think many people, not just foreigners, would use it because it's simple and easy.

*No good* is definite an english term, however, it will rarely be used in formal writing (pls note: I am only saying *rarely*, not never!).

For a foreigner, this term *no good* would be used quite often in spoken english as opposed to written english since the term *no good* is considered to be more casual (i.e. less formal).

Using a similar eample given above:
One would say - *you know its really no good for you to smoke that much!!*
but one might write - *excessive smoking is not good for your health!* or *Its not good for your health to smoke that much*

Say for myself, I have never used *no good* in any formal essay I have written when I was doing my studies or even now for my work! But I do say *no good* when I speak to my friends.

我記得no good是對的...
no good和not good應該是不同意思的。

補充上位回答者，
"good"其實可作形容詞或名詞
(不信可以到yahoo dictionary查看)

例句1：It is no good for your health
　　　這對你的健康沒有益處。
例句2：It is not good for your health
　　　這對你的健康不好。

這兩句都是正確的，
只是意思上有一點差別。

[ No Good ] is proper English.

Would foreigners say this term?
YES.

More examples :
This map is no good --it`s out of date.
I`m no good at physics.

hope it might help.

not good = 不好

no good 可以解沒有好處
其實good可以是noun
=利益;好處,用處
那麼英文意思上就ok了?