Highlight: -The company debt is reducing. -The financial report do highlight that the group expect better performance this year compare to last year.
With the purchase of additional spare parts and included in of expensed of R&D expenditures in this quater, it still post a high profit which is encouraging.
others comprehensive income = change in a company's net assets from nonowner sources one of those sources is foreign currency transaction adjustments which is the 31mil
Tonight's Q3 results are excellent. The RM5.8m net profit figure do not tell the whole story
On top of this RM5.8m, they also made RM31m under " Items that may be reclassified under P&L A/c ". This RM31m are most likely forex gains.
That is why the report shows a " Total Comprehensive Income to Owner of the Parent " of RM 33.5m. The rest ( RM 3.3m ) belongs to others.
1. The company now has net cash of RM33m
2. In Q3, the EBITDA or free cash flow increased by a massive RM20m.
3. Year-to-date, the free cash flow is RM51m ( for just 9 months ) - which is way above the RM50 to RM60m for the full year mentioned in the recent CIMB report.
4. The net asset value has increased from 9 sen a share as at 31 December 2014 to 14 sen as at 30 September 2015..
5. For the 1st 9 months to 30 Sept 2015, the Total Comprehensive Income is RM 56m which is why the net asset value per share has shot up so much.
So the RM16.6m reported for the 1st 9 months are not an accurate picture of how the company has performed.
Last year, the dividends paid out was around RM500,000, a pale comparison to the almost RM4m in directors remuneration plus millions of stock options.
This year, not a single sen of dividend has been declared.
looks not so bad actually , although lower reported profit, but gross profit and EBITDA also improved. Total cash increased by 4m, while short term borrowing trimmed down by 2m, long term borrowng trimmed down by 3m.
queue at 0.135 support after sold off at 0.165 just now..made mistake should sell at 0.185 yesterday when it cannot break resistance 0.19... now 0.16 is a support, but i think high chance to break this support
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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....
lewis27wong
194 posts
Posted by lewis27wong > 2015-11-23 21:02 | Report Abuse
Highlight:
-The company debt is reducing.
-The financial report do highlight that the group expect better performance this year compare to last year.
With the purchase of additional spare parts and included in of expensed of R&D expenditures in this quater, it still post a high profit which is encouraging.