Actually if you really look back into their QR in for the past 2 years, they are in loss due to a fixed expense to fund their on going development project, and as announced earlier, the profit of such projects only be recognized in this year, hence the profits report in these last 3 quarters.
600k for this quarter is actually a disappointment from what their project put in, if you do the math properly, their profit for such project is still at loss...
Again, if you look at their PPE with 15mil in hand.. NTA only RM0.08.. u pandai pandai la..
By segmentation their main income for the quarter is actually construction which give RM2mil profit.
"The higher revenue and profit in the preceding quarter was due to the contribution from the sales completed under Property Development. The revenue from this quarter is mainly derived from the Construction segment from its on-going project in Gombak, Kuala Lumpur. " -- Quote from QR pg 7.
From business prospective, the Company's segmentation is actually narrowed, and with the so called rumors on "MAJOR DEVELOPMENT", AGAIN, I would stress that unless it is a gigantic development project, (Larger than Mah Sing's, Sunway's Project which would amount to billions), else it does not worth the value currently.
If you would say the Company going to diversify... Possible. they have 40mil cash and can do bridging or banking facilities with the bank (note the liabilities as well, VIVOCOM's eligibility for facilities would be cap due to its current debt), but this would have to wait for firm development as well.
As the QR has out, not really going to expect much in this stage, maybe just wait if they announce for Diversification with a firm prospect and planning. Else, just buy few to ride the momentum and realiaze your profit by now.
Not a good investment counter, just a gamble casino
@mikeann Financial results out.
The company 's performance has improved over the previous year.
1st quarter profit of 0.643 million is commendable compared with a loss of 0.688 million of the previous quarter.
This will augur well for the company's share price.
So why are you here, this is a goreng counter not suitable for you . If you cannot take it after get goreng please be warned. Later dont cry father mother
@bylowsellhighinvest ,Better change name fast to VIVOCON IKAN BILIS BERHAD company
Agreed.. the possible reasons for the decrease might derive from the utilization of Rights issue as they are entitle to utilise RM30 million for working capital, so really not much to look at.
I don’t really care much about QRs bcoz they can be, uh, well...
The things that stood out for me re this 1st QR for FY :
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....
buylowsellhighinvest
124 posts
Posted by buylowsellhighinvest > 2020-11-30 18:04 | Report Abuse
Tommorrow limit down again.