We further note that MB Max Sdn Bhd was acquired by EKP, a wholly-owned subsidiary of EKIB, in September 2015. Under the terms of the acquisition as detailed out in the circular to shareholders dated 22 May 2015, the vendor, namely MB Land Sdn Bhd, has provided a profit guarantee to EKP. MB Land Sdn Bhd has warranted to EKP that the audited profit after tax of MB Max Sdn Bhd for FYE 31 December 2015 and FYE 31 December 2016 shall not be less than RM15.00 million and RM16.00 million respectively and the aggregate audited profit after tax for the three (3) financial years to FYE 31 December 2017 shall not be less than RM51.00 million. This profit guarantee is expected to generate a stable revenue and earnings stream to the EKIB Group over the three (3) financial years to FYE 31 December 2017.
3Q18 result was higher compared to last years (eventhough revenue was lower) due to the completion of the 161 double storey shop office of Taman Sri Penawar project which bring in more margins.
4Q18 result should be lower compared to 4Q17 but mainly because the last year's result was the highest driven by the completion of the Pinnacle Tower. That being said MBworld should still be able to record a PAT of around RM10mil.
Investors need to be ready to see a negative growth PAT in 4Q18.
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....
secret1q
276 posts
Posted by secret1q > 2016-02-04 05:46 | Report Abuse
what injection possible to happen? look like the whole company will been taken by another party.