calculate based on QtoQ analysis, 2011 - 28551, 2012 - 19369.. so drop 32%.. but notice that revenue is a bit higher, so sales still good just profit margin dropped due to the price competition from H&M, but have to see in details why margin dropped as there are stores in Penang, Mlk, JB where there is no competition form H&M,.. as u can see in report as well, new sales stores (invest cost) sales still low so should be reason profit margin is low as well besides the discount given. So we can say sales not really impacted by competition, but by internal growth.
Even the Explanatory Notes are so pessimistic :( "...the months ahead will be very challenging and while we are still confident of profitability, the entire year could see a reduction in profits earned when viewed against the results of the previous year."
I'm surprise the stock price can hold out so well despite all the negative news and sentiment surrounding this stock. Perhaps the stock price has already reached the bottom?
They have a great long term track record. Just look at the price chart. If you'd travelled with them from the early days, pre-2003, you'd be laughing all the way to the bank.
Exactly... go for solid and dividen stock can definitely last longer and less risky. Of course the gain also may be just above average and can't compete will other capital gain focus stock.
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....
szewei
27 posts
Posted by szewei > 2013-02-14 15:24 | Report Abuse
what your target price, Hooi ?