abcb: speculating stock can't analyse based on wat u see now...all the profit earning announce is past tense...Of course tis company fundamental not good, but the company expansion plan is good.
today banker wash out weak holders whose look at the company fundamental .... don't forget today 680 counter in red, appasia after qrter result announce still in green...
The Group recorded revenue in the current financial quarter ended 30 September 2017 of RM 65.00 million, representing an increase of 55 times as compared to the corresponding financial quarter of the preceding period ended 30 September 2016 of RM 1.16 million. The main contribution of the revenue growth came from the e-commerce business in B2B sector. The other key contributor to the growth was from the digital content business with revenue increasing by 38.5%. ICT Security and Cloud division continued to be stable. Profit before tax from operations has improved to RM 1.77 million from loss before taxation RM 0.63 million for the corresponding financial quarter of the preceding period ended 30 September 2016.
$65m huge revenue but profit margin is only 3.4%. Wonder y the mgmt didn't explain abt the extremely low margin. It's risky as 50% of the payment still stuck with the customer, that's a huge debts for AppAsia size.
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....
abcb
3,052 posts
Posted by abcb > 2017-05-30 14:30 | Report Abuse
keep on selling pls