Revenue for the current quarter was affected by the lower local market tender sales and products being out-of-stock as they were depleted during the period when the manufacturing licences were revoked. Additionally, despite the reissuance of the manufacturing licences, our productions were affected by insufficient workers to operate optimally during the quarter.
From the cash flow statement, hovid is still profitable. There was a big chunk of investment activities to buy "equipment/property" that reduced the cashflow.
To me, it seem like Hovid management is trying to make the Q report look really bad.
keep this stock till next year. Hope got dividend to collect, at least to ease the pain with his result. Got medicine to supply the breaking heart, Hovid? :(
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....
Zainul Sidek
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Posted by Zainul Sidek > 2017-08-17 01:25 | Report Abuse
Time to move back to Hovid from Titan.