17. Prospects for Current Financial Year The group performance for the third quarter of year 2015 is projected to be lower than the second quarter of year 2015. The group anticipates that there will be no logging activities in the next quarter due to stringent conditions imposed by the authorities in the issuance of logging licenses. As for the Manufacturing and Trading segments, it is anticipated that demand for timber products will also weakened due to the uncertainties surrounding the ongoing global economic condition. On a brighter note, the percentage billing for the property development project is expected to improve as the project progresses.
The language used in the record high Q1 results which actually made a lot of ppl excited was very deceiving :-
From Q1 :- Prospects for Current Financial Year The group performance for the second quarter of year 2015 is projected to be slightly lower than the first quarter of year 2015. The group anticipates reduced logging activities in the next quarter due to stringent conditions imposed by the authorities in the issuance of logging licenses. As for the Manufacturing and Trading segments, it is anticipated that demand for timber products will continue to improve. The percentage billing for the property development project is expected to improve as the project progresses.
Reduced logging activities = actually no logging activities / revenue for Q2
Slightly lower performance:- If you look back to a few quarters back, such language is used many times and suffice to say the word 'slightly' is very subjective...
If you looked at Minho earning pattern, you will realize that this is a stock with inconsistent earning. In investment you cannot allocate too much fund to this type of stock. If furniture is the theme, better choices are LIIHEN, LATITUDE or even HOMERIZ.
Icon bro, I don't think sharing one's critical viewpoint (even though negative) is necessarily a bad thing. If everyone just only listen to sweet talks and promotion all the time, when the stock suddenly falls big, more damage will be done. Anyway, please check ur mail, thanks.
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....
darren860227
30 posts
Posted by darren860227 > 2015-08-26 15:45 | Report Abuse
when will the quarter report comes out?