19-07-2014 As of 4th quarterly result 2014, TAS has achieved 213% (28.8 million) of FYE13 net profits (13.5 million) on the back of 184% (254.3 million) of FYE13 revenue (137.9 million).
Against the preceding quarter, it recorded lower revenue of RM61.3 million representing a decrease of RM53.0 million or 46% below.
Commentaries: Due to the lower revenue against the preceding quarter, it has plunged to RM1.46 (with a gap down) from the day before, at RM1.59 or a plunge of 8.18%. Did the investors react rationally?
However, the overall performance is still maintained ideally. Although its gross margin dropped to 13.8%, a decrease of 3.2 ppts from 17%, its net margin inched up to 11.3%, an increase of 1.5 ppts from 9.8% against the preceding financial year. Additionally, its ROE has increased to 16.5% from 8.8% as at FYE13. It signals that TAS has raised a huge short-term loan of RM35.8 million to fund its business activity. However, this is still acceptable because of its business nature.
Taking cue from the balance sheet, with an amount due from contract customers of RM106.4 million and a spike of 72% in inventories against the preceding financial year, I believe that TAS still has a healthy order book so as to sustain its business. However, its coming result will be impacted by minor slowdowns in business activity during the festive seasons at the beginning and end of each calendar year.
jimstock and goflykite , these two guys I would like to make friend with you if you're interested to do so, please drop me a message at boaster_kokhoe@hotmail.com.
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....
goflykite
349 posts
Posted by goflykite > 2014-08-01 17:09 | Report Abuse
wow...really managed to buy at 133 le