The higher PBT (Q3) recorded was mainly contributed by the gain on fair value adjustment on other investment( A:Rm 1,835,000) and unrealised gain on foreign exchange (B:Rm 2,890,000). After deducting the A+B, core PBT in FY15Q3 should be RM7,715,000.
Core EPS without A+B for Elsoft in FY15Q3 should be 4.26sen (total shares 181,132,000).
still very high quarter earning. next catalyzes are medical equipment and butterfly farm earning which will bring in around RM8M annually from 2016 onward.
The gain in fair value adjustment on other investment may be one off. But the gain in forex should be considered business related. As far as the USD stays strong vs RM, the effect will always be there. Thank you for the extra 2sen dividend for Q3!
Kenanga research : Butterfly farm venture. Recall that the group has invested RM3.6m for a 21% stake in the new Penang Butterfly farm (before the RM8.4m RCPS which has an 8% coupon). The new Butterfly farm is slated for opening in April/May 2016. Although there was no earnings guidance from the management, we understand that the management is targeting for 20% Return on Investment from the RM3.6m investment, implying associate earnings contribution of RM0.7m annually. We have yet to incorporate this into our earnings estimates.
Bravo to CEO Tan and your dedicated team again for the record revenue - RM 49.741mil , record PAT- RM 26.148mil ( profit after tax ) and record dividend declared - 8 cents per share , in financial year ended Dec 31st 2015 , Cheers to all shareholders of Elsoft . As a long term shareholder , I certainly look forward to a better 2016 financial perspective for Elsoft and I have confident that time and again Mr. Tan will lead his dedicated team to another record year even though 2016 is a very challenging year .
Wow, since when butterfly farm can generate so much ROI as high as 20%? That's why rich gets richer, rich people always think differently. Rich people build farm & poor people visit farm.
Dead refrigerated stock lah . ......how to up . .... ..more cooler than the temperature of ice . Rich man stock lah . .....got to wait long long time .
current earning is similar to between 2013-2014, that time price is 0.8cent. now RM1.59 consider high specially the involved industry not in good condition.
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....
cgtan2020
684 posts
Posted by cgtan2020 > 2015-11-20 17:53 | Report Abuse
PAT in Q3 12Million!!!