jrjs, i meant there are players in here ahead of an anchovy and newb like me who knew the optimal time to sell (well ahead of the results) and also block the rise few days before and including the result day itself.
Published: Wednesday August 27, 2014 MYT 1:17:00 PM Updated: Wednesday August 27, 2014 MYT 1:36:49 PM Cahya Mata Sarawak net profit up 65% to RM66mil
KUALA LUMPUR: Cahya Mata Sarawak Bhd’s second quarter ended June 30, 2014 net profit rose 65.2% to RM66.11mil from RM40mil a year ago.
The group told Bursa Malaysia on Wednesday that its revenue was up 13.1% to RM383.36mil from RM338.33mil a year ago.
Earnings per share rose to 6.39 sen from 4.02 sen a year earlier.
The group has also declared an interim single-tier dividend of 1.5 sen for the financial year ending Dec 31, 2014.
For its first half year, the group’s net profit rose 52.9% to RM105.1mil from RM68.74mil a year ago while revenue rose 14.4% to RM756.6mil from RM648.69mil a year ago.
The group said its cement division’s pretax increased by 59% due to an upward revision in cement selling prices effective Feb 17, 2014, higher cement sales volume, and lower production costs as a result of higher productivity of clinker and cement and lower power consumption and coal cost.
Its construction materials and trading division’s pretax rose 22% mainly due to the supply of polyurethane mild steel pipes to Jabatan Kerja Raya by the trading business as well as the bad debt recovery of RM2.72mil by the wires business.
Pretax from the premix business was however lower in 2Q14 due to the delay in the approval and implementation for the 2014 Malaysian Road Records Information System fund program.
Meanwhile, its construction and road maintenance division’s pretx improved by 32% due to more works undertaken.
For its property division, the group said pretax increased significantly from a loss to a pretax of RM20.50mil due to the recognition of profit for a sale of land in current year’s second quarter.
The group said it expects Cahya Mata’s financial performace to be good despite a challenging year. “The Group’s strong financial position will enable the group to invest in new business opportunities especially in Sarawak,” it said.
Cahya Mata Sarawak Q2 net profit up 65.2% Posted on 28 August 2014 - 05:39am
sunbiz@thesundaily.com Print
PETALING JAYA: Cahya Mata Sarawak Bhd saw its second quarter ended June 30, 2014 net profit surge 65.2% to RM66.11 million from RM40.01 million a year ago due to growth in all its business divisions.
Revenue in the same period was up 13.1% to RM383.36 million from RM338.33 million a year ago.
Earnings per share rose to 6.39 sen from 4.02 sen a year earlier.
The Sarawak state leading infrastructure facilitator also declared an interim single-tier dividend of 1.5 sen for the financial year ending Dec 31, 2014.
For its first half year, the group's net profit rose 52.9% to RM105.1 million from RM68.74 million a year ago while revenue rose 14.4% to RM756.6 million from RM648.69 million a year ago.
The main contributor towards its earnings were the cement, construction and road maintenance and property development divisions.
Its MD Datuk Richard Curtis said that the group is on track to deliver strong financial results for the full year of 2014.
CMSB achieves a 33% y/y rise in pre-tax profit in 1H14
Malaysia’s Cahya Mata Sarawak Berhad (CMSB) has reported positive results for the first six months of 2014:
Pre-tax profit increased by 33% y/y to RM164.84 million in 1H14. In 1H13, the Group reported pre-tax profit of RM123.63 million. For 2Q14, pre-tax profit reached RM98.65 million, 43% higher than the RM68.81 million achieved in the corresponding quarter in 2013, and 49% higher than in 1Q14 (RM66.19 million). In 1H14, profit after tax and non-controlling interests grew to RM105.01 million, up 53% on 1H13’s RM68.74 million.
“This has been an important quarter for us in terms of meeting performance against targets, which is a credit to our professional and prudent management and staff. Significant achievements have been recorded namely by the Cement, Construction Materials & Trading, Construction & Road Maintenance and Property Development Divisions, which saw robust rises year-on-year in PBT by 30%, 17%, 16% and 6800%, respectively,” said Dato’ Richard Curtis, Group Managing Director of CMSB. “The overall result for 1H14 should be viewed positively as it indicates that the Group is on track to deliver strong financial results for the full year of 2014."
yeap. pressed down. looking at 4.15, the sell is in dribs n drabs of small single digit lots to average down the lots per transaction. the buy also. right to left hand. put up roadblocks at 4.16 and 4.17 on top of this.
Ya , john I have the same idea as you. But seeing the historical chart. Its show increment for few days which is more than 10 percent. So I suggest better close monitor if want to sell good price.
LCX1992, the news for acquire and disposal by the "big fish" will be only released after few days of the transaction. KLSE will never practise immediate announce (acquire & disposal) on the same day. Of coz that's not fair for us aas theinvestor. So, still need to be careful. Set your own target price which enough for you. You may not in time to sell off when any "big fish" is going to dispose huge amount of share.
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....
jrjs
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Posted by jrjs > 2014-08-28 14:23 | Report Abuse
Ok..tq for the advise LCX1992..