1st quarter loss RM30million vs 2nd quarter loss RM18million.Termination benefits of 300 staffs in June costs RM11.3million.If no termination benefits 2nd QR loss is RM6.7million.Coming 3rd QR will be better no more termination costs and economy better
Media lowest revenue 2nd QR but lower loss by 40% compares to 1st QR.Almost all companies which records lower revenue in 2nd QR had much lower profits or higher losses.Media quarterly results will improve further in 3rd and 4th QR.
Very good quarter result. The lost mainly due to staff termination compensation 11.3 mil, if exclude this item media only lost 5.8mil, far better than previous quarter. Please bear in mind , 2nd quarter we have MCO lockdown 1.5 months from april to middle may. So with this kind of result , I believe next quarter SURE will turn positive supported with the follow facts : 1) This quarter company actually making a EBITDA profit amounting 14.9mil. EBITDA mean the profit excluded depreciation , amortization, impairment, interest. Accounting words interpret the scenario as the Media Prima are capable to make profit with current business and will overturn the financial within the short period.
2) Cost saving on the terminated workers . After terminated 901 staffs , the company will save a lot of administration cost. Let assume average 1 staff salary RM7,500 per month. 901 staff x RM7,500 = RM6.75 mil per month. 1 quarter 3 months, equivalent to RM20.25 mil. Thus , this administration cost saving item only also enough to overturn next quarter into positive. The last date of second batch was July 2020. So all the staff cost saving will capture in next quarter.
3) New business Media Omnia and print tower. I want to touch a bit on the print tower business because I feel this new business setup with very brilliant ideal. The print tower department using the existing NSTP printing facility and taking additional printing business from other newspaper like UTUSAN, KOSMO, Malaysia reserve and Selangor Kini. Using existing machine and manpower to generate more income to company , I think other GLC company don't have this kind of brain to think about it.
4)New revenue from digital and commerce business are picking up to replace the traditional revenue which are not so profitable. Till 2019 , the new revenue have contribute almost 30% of the total Group Revenue. So , what I want to say is this Media Prima SURE WILL BECOME SHARE MARKET SUPERSTAR in term of percentage of share price increasing within very very near term. So , DON'T miss the boat.Because I am not asking you all to gamble in other lousy counter like XOX ,ANZO,INIX, BINTAI, these share will bring you all to HOLLAND only won't let you invest and gain money.
AmInvest research 2/9/2020 : CJ Wow Shop recorded a 1H20 revenue of RM152.8mil and net profit of RM6.3mil. Meanwhile, 52% of its sales are from web and mobile platforms, with the remainder being completed via TV. MPR’s home shopping segment has been a key part of Media prima’s previous Odyssey transformation to grow its digital and commerce revenues, leveraging the group’s overall mass reach across its platforms. We are positive on this development as the performance of its home shopping segment, which contributed 32% of the group’s revenue in 1HFY20
PublicInvest , Sept2020 : CJ Wow Shop-The acquisition is part of the group's transformation plan to tap into the strong prospects of the home shopping and e-commerce industry. (The Edge)
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....
ahgorgor
178 posts
Posted by ahgorgor > 2020-08-22 17:12 | Report Abuse
QR out by next week. Monday onward engine will start