3 people like this.
8 comment(s). Last comment by cheeseburger 2016-04-05 22:46
Posted by Desa20201956 > 2016-01-28 07:44 | Report Abuse
"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.
Posted by sky2 > 2016-01-28 12:58 | Report Abuse
TPPA may help Pensonic to do more exports ?
Posted by davidkkw79 > 2016-01-28 13:05 | Report Abuse
Tppa will benefit for all export companies.
Posted by sky2 > 2016-01-28 13:20 | Report Abuse
EPF contributions by employees to be reduced by 3%. This is expected to increase private sector spending by RM8bil.
Posted by sherlock > 2016-01-29 02:31 | Report Abuse
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.
Posted by cheeseburger > 2016-04-05 22:46 | Report Abuse
Agreed with Sherlock. This clear the doubt I have when read against the Qtr report which shows RM3.9mil losses in forex.
No result.
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Posted by Icon8888 > 2016-01-28 07:43 | Report Abuse
Ha ha bonesoythe