Price drop too excessive? If excluding one off stock written off of RM4.2 m, the quarterly results would have been about RM4.0m profit. Current quarter revenue has improved by 14%. Opportunity to enter?
A nice closing with volume today and a decisive penetration above immediate resistance of RM0.38 will drive prices higher to retest RM0.40-0.43. In the medium to long term it will try RM0.455-0.48 levels.
Ini bau musang kini sudah kuat macha....today last kalau boleh dapat @ 0.365 , lepas ni meleleh air liur aje la tengok dia mencanak ....gua punya Q hope ini petang boleh dapat la ....
Future Prospects of the Group The Global HDD industry is showing sign of recovery towards the end of year 2013. We do not expect much growth in the HDD industry but with the demand stabilizing, we shall be able to plan more efficiently to achieve better result. Plans are put in place to maximize the unutilized capacity with new projects. The Group has managed to broaden the customer base and also enter into more Non- HDD businesses. The sensor and control and the medical devices in particular are progressing well and should see more projects starting off in middle of year 2014 with more new projects in the development pipeline. With our continuous efforts to work diligently on mitigation solution to reduce the operating cost and with the above business prospect, we will foresee a better result in year 2014.
The Group recorded revenue of RM42.76 million in the current quarter (“Q4 2014”) as compared to RM34.79 million in the previous quarter (“Q3 2014”), an increase of RM7.97 million or 22.9%. The Group recorded a loss before taxation (“LBT”) of RM0.20 million for the quarter under review, as compared to previous quarter profit before taxation (“PBT”) of RM7.37 million. The following are the reas on reasons contribute to decrease in result in Q4 2014 Vs Q3 2014: a) An inventories written down amounted to RM 4.24 million in Q4 2014 in which contributed by written down of inventories from operation amounted to RM2.12 million and written down of inventories from unusual item as disclosed in Note A5 amounted to RM2.12 million respectively. b) One off gain on disposal of subsidiary recorded in Q3 2014 amounted to RM6.24 million (Gross gain of RM6.93 million net of Real Property Gain Tax and expenses of RM0.69 million).
I am not sure if it is under accummulation yet but I can see the volume sustained despite it being T+3. Buy on weakness. Dufu has more legs. Slight profit taking is 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....
siulong1
406 posts
Posted by siulong1 > 2015-02-27 20:03 | Report Abuse
Huh.. No good news.. Someone said got good news...