netprofit 2015 q1 :3,115 2016 q1 : 992 2015 q1 result effected by implement policy gst on 1April thats why got such a big different between thie 2 year @Earth
please also note that trade receivables have almost doubled from 9mil to 18mil (compared to 2015) but the revenue has dropped from 39 mil to 33 mil... that sounds very fishy... normally receivables will increase with the increase of revenue... other receivables increased by 7 times!!! (from 0.8mil to 5.8mil)... see the cash flow now... operating cash flow is -3.4mil now compared to +12.5mil last year due to the extremely high receivables... sounds very fishy for me as there is a chance for fake report... and u can see that the cash has then dropped from 9.2mil to 1.9 mil now... many only look at the EPS which can be manipulated but forgot about the cash flow... good luck if you have not sold your shares...
You seem good in write comment only . Need to study how the company work also . Delivery of CRM take 4-5 month from the date PO received , so if with 30day term . It will take about 6 month to receive payment . Estimate Jan-Feb PO will complete on August . The company also take term loan with the PO , don forget they also can use BA to support their March PO which a lot more than Jan & Feb .
for the share drop - it just want to shake the weak one out. if comment fr @Kinz true, the next Quarter receivables will be a lot. most of CRM installed after april.
bursahunter: their profit margin very low, they offer free maintainance for first couple years so profit wont come in so fast...good counter anyway...good luck
coming soon : Second interim dividend EX-date: 28 Sep 2016 Entitlement date: 30 Sep 2016 Entitlement description: Second interim tax exempt dividend of 5% equivalent to 0.5 sen per ordinary share of 10 sen each
I tested 3 machine ATM/CDM all failed when i tried to deposit functions at Penang branch. The failure will only show up when i key it the accounts number then it show up "Hardware malfunction". For those have a bank account, please try this out.
I did feedback the incident to bank and will try other branch machine after one months when i pay the bill. :p
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....
Kkevin2625
256 posts
Posted by Kkevin2625 > 2016-08-25 19:43 | Report Abuse
netprofit 2015 q1 :3,115
2016 q1 : 992
2015 q1 result effected by implement policy gst on 1April
thats why got such a big different between thie 2 year @Earth