201509 qtr: Profit before Tax (“PBT”) increased substantially to RM 6.56 million compared to a Loss Before Tax (“LBT”) of RM 1.05 million during the periods under review. The significant increase of PBT was substantially contributed by a one off gain of RM 8.55 million arising from the disposal of the following wholly owned subsidiaries as detailed in a circular to shareholders dated 22 May 2015
why the TP is 1.2? MGO only offer u RM0.8 means the value only worth RM0.8. and the company is take off one off gain of disposal subsidiary is actually make losses last Qtr. Shall worth less than RM0.8. my guess.
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.
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....
Unicorn_park
768 posts
Posted by Unicorn_park > 2014-11-12 00:41 | Report Abuse
o.o This one got potential?