what u expect in this bad economy worldwide , the point is this company hold a lot net cash to survive from this bad circumstances , its result not from single days it already gone through 26 years . Buy from low sell from high , bad economy means opportunities . Whoever with holding power will win in next economic boom .
qoq yoy drop....nothing special this quarter....expenses reduced this quarter overall segment margin still steady despite construction challenging year....is there any reduce average price in meter business and meter revenue including the contract award from SG ? maintain hold for this quarter....waiting for order book 5B
I did queue but cant get it --- i queue around 1.06. Tomorrow queue again at lower prices since its bad qr. Just can't wait it to gradually realize its LRT3 order book.
Revenue drop but GP is better. Profit declined due to none contribution from LRT3 this quarter. This FY will be better than last year. Just hold and wait.
KUALA LUMPUR (June 25): George Kent (Malaysia) Bhd’s first quarter net profit fell 37% to RM13.51 million or 2.5 sen a share, from RM21.54 million or 3.8 sen a share a year earlier, due to lower profit contributed by the engineering division.
Revenue for the quarter ended April 30, 2019 (1QFY19) dropped 17% to RM82.78 million, from RM99.76 million previously.
In a statement today, George Kent chairman Tan Sri Tan Kay Hock said the results were credible, in spite of a small loss from the LRT3 project, as construction works on the project has yet to begin. Tan said demand for George Kent’s water meters, both within and outside the country, exceeded forecasts during this period.
The group’s manufacturing facilities were also able to meet the increased demand in a timely manner, thanks to the group's investments to increase its production capacity, he added.
“I am encouraged by the increasingly strong demand for our water meters. We continue to add new markets. We are working towards manufacturing the imported precision components, in order for us to become an integrated water meter manufacturer. This will give us better control over our water meter supply and enhance our margins,” Tan said.
The group is committed to delivering on its order book of over RM5 billion, which provides earnings visibility for the next few years, he added.
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....
dmksn
686 posts
Posted by dmksn > 2019-06-25 17:34 | Report Abuse
Yeah, avg more. Buy & hold.