TheGrouprecordedapre-taxlossofRM6.9millioninthecurrentquarterended30June2015,anegativevarianceofRM518millionfromthepre-taxprofitofRM511.4millionintheprecedingquarterended31March2015.Thedecreaseinpre-tax profit was mainly due to in the preceding quarter fair value gain on investment properties.
ThelowerrevenueincurrentquarterwasmainlyduetothelowerrevenuerecognisedbythepropertydevelopmentdivisionforprojectsatKKTimesSquare2,DataranLarkinandFortunePerdanaascompared to the preceding year corresponding quarter.
Who can get mad at Paperplane. He is just highlighting matters in Asiapac. Unlike mama Icon who keep ranting as if he is the authotariian appointed to rule in i3.
I had made the same mistake of averaging down whenever the market turns back. In a nutshell , I made great losses even though the stock make a little gain but it just failed to get back my break-even price . It will be better to cut loss first and buy back when it has bottomed n price is picking up again. So u r in a clean slake n your price is not at the top or medium top either. When market swings to your advantage , u may recoup back all the previous losses. Just sharing..
The co incurred losses in 2010,2012 and 2015...Its projects r not performing either in this dampen property market . The management is not confident either but assured that 2016/2017 can make some in roads . Unless u r long term player, better invest somewhere n surely not this one.
Please advice! Those SIFU who know FA well: My way of looking at this company is
From Annual Report 2015.
cash/share = 42.9 cents D/E = 1.25 Retained earnings = 2.95 times Equity Profit/Equity = 1.83 Ecess Earnings/Debt = 1.70 Is this a good buy or Goodbye. Thank you to all Sifu on this forum.
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....
paperplane2
3,235 posts
Posted by paperplane2 > 2015-09-22 14:24 | Report Abuse
TheGrouprecordedapre-taxlossofRM6.9millioninthecurrentquarterended30June2015,anegativevarianceofRM518millionfromthepre-taxprofitofRM511.4millionintheprecedingquarterended31March2015.Thedecreaseinpre-tax profit was mainly due to in the preceding quarter fair value gain on investment properties.