@gohkimhock refer to A4 Segmental Reporting in quarter report, other operating income is around 20% of total net profit, the rest is from real manufacturing income. I give discount of 50% from latest EPS still get valuation of 2.40.
The increased in profit mainly contributed by other operating income already happened 3 quarters continuosly. Don't believe you can see these yourself.
4th 2017 The Group made profit before tax of RM11,615 Million for current quarter compared to profit before tax of RM3,963 million for the preceding quarter. The significant increase in profit mainly contributed by higher profit margin in manufacturing segment and other operating income.
3rd 2017 The Group made profit before tax of RM3,964 million for the 3rd quarter ended 31 December 2016 compare to profit of RM0,051 million for the preceding year corresponding quarter The increased in profit mainly contributed by metal recycling division and other operating income.
2nd 2017 The group made profit before tax of RM3.370 Million for current quarter compared to profit before tax of RM0.261 million for the preceding quarter. The increased in profit mainly contributed by other operating income.
Earning dilution by the LA, WB, WC and EOS is HUGE. Atta only 94 million shares, but outstanding LA alone is already 184 million (conversion at 1.00) !
Hi AnnH, La would be better buy now. Both very much depends on mother price. Both volumes high and can be volatile. I won't rule out got shark so apply tight stop/cut loss if you are in.
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Posted by probability > 2017-05-31 22:25 | Report Abuse
Current Net Profit margin seems unrealistic...may not be sustainable