"The revenue reported for second quarter is slightly lower than preceding quarter by RM7.5 million or 7.6%. The current adverse development economy situation has caused the slow demand in local sales or decrease in local sales 17.4% however the export sales still perform favourably"
Pensoni results augers well for the reporting season.....especially for the exports business.
to note...Pensoni do about 1/3 export business, 2/3 domestic business.
local sales decline by 17.4%.....that is SHit. people not getting married anymore?
whether the results is good enough to propel the share higher in this environment is difficult to say....but it deserves a higher PE rating....for year 2016, people will have no choice but to buy Pensoni products and no more money for German products.
hello bone,wanted to correct that appreciation of USD is actually negative to pensoni,atless for now,cos their bought raw material with USD,but only export 30% of products.
thats why pensoni suffer with RM3.9m forex losses in 1st half,cos extra cost haven fully past to customers yet,otherwise net profit for 1st half should much more higher.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Icon8888
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Posted by Icon8888 > 2016-01-28 07:43 | Report Abuse
Ha ha bonesoythe