Overall result of revenue and profit look bad than last QR , but at the same time cash generate from operating profit are better than last quarter. Collection of trade receivable still an answered issue going into non current asset. I thought fall so much because of impairment loss but not. Net cash Increase to RM56 Million but most of it come from ICPS's Convertion. Still it is not a bad result. Yeah due to last QR, there is high expectation for profit to keep increasing.
hahaha, So many funny comment. I come here to look for popcorns.
JCY ? I think everyone know is a shame, last time during august period was reporting their QR new high or what, yet, the JCY get dump half, that time MCO period. Half of the share price gone.
Censof, I think is a good stock, but price below 1 giving dividend wasn't so nice to me.
And some die hard comment, Buy during discount like now, not chase high.
During high price, you will see lots of cheerleader but down time you will be more funny seeing those salty comment caused they only come at this time, during the time spike, all them missing.
They come here like me just for a show, but they don't buy in. then up that time say will drop back. what a funny people.
Anyhow those people forgot arbb getting solid by all the previous quarter .
Never thot that i will get to buy ARBB again at 0.28.. ARBB has fluctuated around 0.28-0.42 for sometimes. Should not be no mistake to be in again. :-)
Hmm issue preference right price is 0.200. that's why market has reflect the ex preference right issue price. Guess current price should be considered stabilized after they sold out the preference right shares
As long as their business related to the future need and not some sunset business, it is worth to invest in. ERP and IoT (Internet of things) is something future trend. ERP required to be use in modern business model and IoT is to make anything around us easy to be control and access. I saw that smart building has been start developing in few area, it will be a big piece of cake in this industry field
Trade receivables in current assets=40.848mil ; Trade receivables in non current assets=102.14mil. A total of 143mil. Can any sifu explain to me why the trade receivables in current asset reduced and increased in non current asset ??? Is it after some longer period ( more than 1 year receivables), it will be transferred from current asset to non current asset ?
Possible scenario: Revenue of RM49.5mill is made up of RM38 mill sales with credit term of 12 months or more and RM11.5Mill sales are with credit term of 6 months+/- The qtr AR collections are RM38.8mill Dec'20 non current assets AR=64.1 mill & current Assets AR =68.2Mill
Non current Asset trade receivables =64.1+38=RM102.1Mill since no collections made due to 12 mths credit term or more
Current Asset trade receivables =68.2+11.5-38.8= RM40.9Mill
So in total for the quarter there are revenue of RM49.5 mill with collections of RM38.8mill.
If the trade receivables under current assets are not paid after more than 12 months they will still stay under current assets and not transferred to Non current Assets. Maybe under this scenario there will be impairment lost.
For the non current trade receivables we wont be seeing any impairment loss until year 2022, if any.
Hello Tigger, tq for your explanation. But, if collections are 38.8mil, should we be able to trace this in cash flow account? I can't see any amount in the cash flow account near to 38mil.
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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....
jwyap
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Posted by jwyap > 2021-05-21 14:59 | Report Abuse
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