not really understand the logic. Can you explain it in layman term ?
mjy88 TGUAN drops because of ex-dividend date is 27th July. Those who want the dividend but do not wish to hold will sell within these few days 03/08/2016 22:21
If the managing director has given the correct growth rate of not more than 20% in second half of 2016, then Tguan is in hot trouble.
As per 30/6/15, the profit was RM 11.7mil, let's say RM12 mil X 20% = RM14.4mil - RM13mil (in Q1'16), the current quarter's profit only RM1.4mil.
Unless the growth mentioned was for revenue, then will be RM334mil X 20% = RM400mil - RM180mil (in Q1'16), then current quarter's revenue will be RM220mil X 5% (marginal profit margin) = RM 11mil. Q1 & Q2 = RM24mil or 22sen.
Ezra_Investor “We are expecting a double-digit percentage growth of not more than 20% in orders in the second half of 2016,” - Datuk Ang Poon Chuan.
The hint is already given by MD himself. 04/08/2016 10:42
Posted by riskabsorber > Aug 4, 2016 06:54 PM | Report Abuse
If the managing director has given the correct growth rate of not more than 20% in second half of 2016, then Tguan is in hot trouble.
As per 30/6/15, the profit was RM 11.7mil, let's say RM12 mil X 20% = RM14.4mil - RM13mil (in Q1'16), the current quarter's profit only RM1.4mil.
Unless the growth mentioned was for revenue, then will be RM334mil X 20% = RM400mil - RM180mil (in Q1'16), then current quarter's revenue will be RM220mil X 5% (marginal profit margin) = RM 11mil. Q1 & Q2 = RM24mil or 22sen.
Ezra_Investor “We are expecting a double-digit percentage growth of not more than 20% in orders in the second half of 2016,” - Datuk Ang Poon Chuan.
The hint is already given by MD himself. 04/08/2016 10:42
If you're buying a stock for a quarter or two's result, you're not doing it right anyway. Investing should be long term. But I'd like to think the 20% growth is in revenue.
Please read properly. 20% growth in orders, means 20% growth in profits????? No. It means 20% growth in orders :p And this likely will translate into 20% growth in revenue. The article also mention increasing margins. Take 2015 revenue of RM712mil, give it 15% revenue growth, will give 2016 revenue of RM854mil. Take net margin of 6%, net profit will be RM51mil. Note that 1Q net margin is already 7.3%. If you take 7%, net profit for 2016 will be RM60mil already.
I mean, the dividend entitlement cut off date is 27th July. That's why people who want dividend but dont want to hold the shares will start to sell after that day
"mjy88,
not really understand the logic. Can you explain it in layman term ? "
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....
Stephen Chow
141 posts
Posted by Stephen Chow > 2016-08-02 13:07 | Report Abuse
Collect more la.. Another good/decent QR will prove its consistency in earnings and push the price up