Using the Annual Report 2017, I have adjusted the profit after tax attributable to shareholder to arrive at actual operating profit and EPS. My rational the non recurring income cannot be used in valuation of the shares. The adjusted FY17 EPS is only 2.92 instead of 26.49 reported. The Q4 17 adjusted EPS was 3.95 instead of 14.85 reported. My conclusion is please cut it off even u are losing money. Note that Q4 report not audited and u would not know how reliable it is? Run and unload the shares. Protect your capital.
The management had mislead the market in the Q4 16 announcement without details of other income of RM8.7 mil in profit reported. Included in the other income is a profit on property disposal of investment properties of RM6.9 mil and other investment income RM500K and about RM1 mil other reversal of impairments not explained
@Investor 9999 "My conclusion is please cut it off even u are losing money." ------------------------------------------------------------------------------------------------------- Makes me wonder what was your ulterior motive and hidden agenda when you wrote this. People should trust their better judgement to sell or hold and not let a FUD carried them in such decision.
No matter how we argue here...pointless...the lesson here is believe your decision and don't simply depends on those sifus...they only will tell....sorry...atta-la dropped from 50 over cents drops till 0.16...funny....those directors will pay the sifus and media to spread the news to help in releasing their stocks so beware...
Process cycle...accumulated at lower price...spread good news then throw....buaya tactic....small fishes are trapped....that's why u need to be well equipped before gainining from every single deal....I kena few k too
Quarterly report on consolidated results for the fourth financial quarter ended 31st March 2017Breakdown of Other Oprerating Income(The figures have not been audited)As atAs at 31 March 2017. RM ,000 Allowance for impairment written off 1,861 - Deemed gain on deconsolidation of a subsidiary. 83 - Dividend income. 46 - Fair value gain on investment property. 6,872 - Gain on disposal of investment in quoted securities. 33 Gain on disposal of investment in unquoted shares. 6,627 - Gain on disposal of property, plant and equipment. 5 Interest income. 48 Net fair value adjustment on available for sale financial assets. 328 Realised gain on foreign exchange. 438 Rental income. 99 Others 184 TOTAL 16,624 The condensed consolidated balance sheet should be read in conjuction with the audited financial statements for the year ended 31st March 2016 and the accompanying explanatory notes attached to the interim financial statements.
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....
SALAM
1,072 posts
Posted by SALAM > 2017-07-24 16:46 | Report Abuse
Sifu OTB's top pick..Watch out !!