ARB: 4Q net profit grows 54% as revenue surges. ARB’s net profit for 4QFY20 grew 54.4% YoY to RM19.74m, on the back of a surge in revenue. Its quarterly revenue climbed 61.03% YoY to RM72.46m due to contributions from enterprise resource planning (ERP) and Internet of Things (IoT) segments of RM69.85m and RM2.61m respectively. On its prospects, ARB said the ERP and IoT segments are expected to contribute impressive future earnings as they will continue growing and contribute profit for the group. (The Edge)
Yeah from TA point of view long upper shadow is not good. On the flipside, yesterday a lot of other counters surge in the morning, but retrace during afternoon session creating long upper shadow. Maybe there a lot of traders alert with extended MCO in KL, Selangor, Johor and Penang taking precaution measure. Let see the sentiment today.
7181pa remains 600m units in the market whereas 7181 mother shares only 470m in the market, 7181 pa plus Rm0.19 can be converted into 7181 mother shares anytime before Feb 2024
I think PA price will finally match mother price if mother shares start running again to 0.50...PA be 0.30 lor... In term of margin..easily get 100% returns.. But as sifu BabyAce said...too high risk lor.. Better listen to sifu BabyAce..Good boy
my concerns is the trade receivable is RM132mil (2020) vs $29mil (2019), pls refer to their current quarterly report on non-current asset and current asset, trade receivable appear on both current and non current asset, a bit strange.
Why so concern on spikes of trade receivables for this particular quarter. It can due to several reasons such as collection come after accounting period reporting, long Credit terms given to good customer or existing long established buyers, contra off with trade payables etc. For me, this can read as positive catalyst as they have so much sales yet to collect and reflect in PL
The company revenue increase RM117 million in 2020 vs 2019, this is a good growth, but the trade receiveable increase $103mil, trade payable & other payables increase $50mil in 2020, this is not healthy.
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....
mananghunter
114 posts
Posted by mananghunter > 2021-02-16 21:07 | Report Abuse
Possibility of limit up stock, GENETEC , NOTION , PESTECH &&&&&&&& ARBB