By just reading notion qr, you know whether the company is coming clean or not when it comes to disclosure. Given notion ability to potentially fully claim previous loss, and on top of that, business interruption claim, and given notion position in continually finding its sweet spot in its non core business segment, time will tell if today's investment is worthwhile to pursue.
Of course, the decision is always yours. You can wait until notion generates greater return. As for now, I see stronger balance sheet, and stronger cash. I just want proper resource deployed to those people who are capable, and i think I can give notion a chance.
Disclosure, Alex owns a cute amount of post fire notion shares.
Hi, Billy you are right, as you mentioned earlier you are right, the company still making profit can u ask your relative is this company dealing with US
After fire write off, then manage to claim b insurance. Both are recorded. That all. The icing on cake is biz disruption insurance claim. How best they utilize the insurance for future biz investment. That is the potential.
Agree with Alex, esp the strong cash flow. The company is also fairly transparent.
For me, with relative sales, profit above 8 million is a good sign of recovery because this Q insurance claim is 10 million less than last Q. The pace of recovery is above my expectation of around 11~15 million. So it is an extraordinary result for me.
All 3 segments posted higher sales.
Reports guided that the cost will be reduced further once fully recovered (no more time related fixed expenses, temp rental & operations etc). The new extrusion projects are also a plus.
I will stick to my previous posts, collect more on retracement, hold for long term, as long as fundamentals remain intact.
volume building up nicely.... kasi dia pecah 0.8... even if it's earnings is 8mil, which is 3 cents EPS, 4 quarters mean 12 cents EPS... PE 20 for tech firm is still RM 2.4.... at this valuation still very cheap
Ha...Hold...for another 6 months Probably will see what to expect from its net profit margin n overall asset turnover. Overall just Average at present... Probably will be better...if in full operations. TQ.
This company have yet to fully recover to our pre-fire performance due to capacity constraint as the construction of our main plant is only expected to be completed by end of 2018. The uncertainty in market conditions is also a drawback as customers turn cautious on their outlook. Despite the higher revenue, margins are low due to the higher cost of operations arising from makeshift operations to cope with orders and replacement expenses incurred as we recover from the setback. As for Camera segment, the industry is facing a lot of competition in the like of smartphones and is expected to be lower than the previous fiscal year revenue.The loans are RM20.0 million. As for the effects of the trade wars, but do not preclude an after effect.
The co (or the boss) is very naughty...there had been a series of unfortunate evens in the past...2 rounds of fire incidents and one forex huge loss...
lol, it says for investors they ask to look at their cash, instead of profit... haha
"The current business mix is about 55% in USD and 30% in Euro foreign currencies and the rest in Thai Baht and Ringgit as well. So the strength of the USD will bear strongly on the Group’s fortune being an exporter. For investors, we advise to pay more attention to the Cashflow Statements of the Group for cash the most important element in business as well as in investment. The loans are not too high at a manageable and comforting level of RM20.0million."
Faith78, my relative is actually my brother is attach to the company . as mentioned earlier, the company is making profit but part of the profit consist of claim from the fire insurance . but now i was told by my brother, the company next quarter wiyh flying colour They managed to secure a few contract from USA to supplyi
the company managed to secure a few large contracts from USA to supply high precision micro parts for the semi conductor industry. Since start the trade war, the company benefit from it. hope this will contribute significant to the next quarter result.
The management with our claims consultant had been engaging with the insurers to ensure the balance of the claim is on track. As explained in our previous quarters’ announcement, the under recovery of manufacturing expenses is still affecting our profit margins. These expenses and lost opportunities are covered under the business interruption insurance policy which the Company has submitted an interim claim estimate for the insurance adjusters’ further action. Outlook: We have submitted both final fire loss claim computation documents to the insurer and its consortium and also pursued the Business Interruption claim as well.
Even ignoring the insurance, core earnings/loss improved from -3.74 (based on dynaquest adj) to around -0.25 or 3.5 sen improvement.
I haven't thoroughly check the report. I good place to start is see the revenue by segment. Identify which segment was affect by the fire and how much contributed to the loss and how much it affects the revenue.
I'm looking in deep on how they fabricated two quarters of EPS. Almost like the fire it just another opportunity to grow.
And I do not doubt that trade war might benefit few company in MY. Mainly, exporter. Just see this as opportunity for Malaysia to export both side. At least until, Trump notice it and ban Malaysia too.
yeah yeah, they 'fabricated' sales figures by redistributed loss capacity to thai & johor spare capacity, rented space, in addition to 2 months inventory. No loss figures since fire, must be fake.
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....
Alex™
12,594 posts
Posted by Alex™ > 2018-08-23 21:16 | Report Abuse
By just reading notion qr, you know whether the company is coming clean or not when it comes to disclosure. Given notion ability to potentially fully claim previous loss, and on top of that, business interruption claim, and given notion position in continually finding its sweet spot in its non core business segment, time will tell if today's investment is worthwhile to pursue.