Looking at technical chart, something should be coming but if looking at company past performance, i m a bit worry, should or should not jump in ??? i pun tak tahu
KUALA LUMPUR: Timber-based, NWP Holdings Bhd, is eyeing an increase of between 15% and 20% in turnover this year, driven by the continuous demand for timber and timber-based products especially from China.
Last year, turnover stood at RM13 million, said executive director Wong See Ming.
“The outlook for this segment is good and we hope to achieve the target as 80% of our exports are to China,” he told reporters after the company’s annual general meeting here yesterday.
The remaining 20% of exports go to the United States and Europe.
For the financial year ended Aug 31, 2016 (FY16), the company recorded a pre-tax loss of RM2.99mil while revenue stood at RM12.68mil.
“With the new ventures into the construction and aviation segments last year, we hope to see a better performance or turnaround for this coming FY17 compared to FY16.
“For the construction segment, we forecast between 15% and 20% margin contribution from the RM22mil condominium turnkey project in Melaka to the FY17 results,” he said, adding the project was expected for completion in two years.
The project involved a nine-storey tower block comprising 160 units of serviced suites in Pekan Klebang, Malacca.
Meanwhile, for the aviation segment, Wong said NWP had recently acquired a 30% equity interest in Aviation A.I. Inc (AAI) for US$1.5mil.
“With the acquisition of AAI which owns a Gulfstream G-1159A aircraft, we believe it can contribute positively to our company’s future earnings as the charge for the aircraft is US$7,500 per hour,” he added.
On the contribution from each segment to the group, Wong said: “It is too early to mention, but we hope the new segments can improve our revenue going forward.” – Bernama
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....
Jessgoh
1,175 posts
Posted by Jessgoh > 2017-01-11 15:06 | Report Abuse
U sold too fast....hvt reach my coat price yet also ...sigh