@ vic_amat87 --> Profit YoY is much much better than last year. Deduct land disposal 28.8m, last year profit is around 3.4m, this year triple the amount to 10.1m
2017 2016 Profit before tax 25008 61987 Write back of provision -5241 -1198 Gain & loss from disposal 0 -28844 Investment P. Adjustment -6089 346 Adjusted Profit before tax 13678 32291 Adjusted EBIT per share 4.2 cents 8.7 cents
Even after removing the one off gain from land disposal in 2016, 2017 EPS is still lower than 2016 EPS.
they fairly revalued their investment properties which resulted in revaluation gain in their accounting earnings. Stripping that off gives you the core earnings unless u view their property investment activities as part of their core business too.
Not quite. Given 2017's performance, this business is quite overvalued especially when comparing to its stellar 2016's performance. No doubt the company has secured a sizeable orderbook but the slow execution is a little worrying and since I am not a property market expert, my reference to Frank Knight's real estate report doesn't point to a rebound in luxury real estate yet (no clue about the actual sentiment). Moreover, their cost is increasing I believe due to escalation of MDF price which if i remember correctly some manufacturers pointing out (Evergreen Fibreboard...etc..). KUBIQ on the other hand hasn't showed any significant success. No doubt the business model is quite decent but the entry point may not be the best. However, this is just my personal opinion, feel free to express yours
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vic_amat87
606 posts
Posted by vic_amat87 > 2017-08-23 12:33 | Report Abuse
Ur chart no valid because no volume