eat more good and healthy food then sleep well with no worry and wait for that nice ,beautiful figure to appear in front of us not just our mind !!!! hahaha
Revenue for the current quarter has decrease by 33.9% to RM 126.1 million compared to RM 190.8 million for the preceding year corresponding quarter. This is mainly due to decrease in property development (“PD”) revenue. Logistics and Warehousing Services revenue decreased by 5.19% to RM 100.5 million compared to RM 106.0 million for the preceding year corresponding quarter. This decrease is mainly due to competitive operating environment on haulage division.
Revenue for the current quarter has decreased by 27.49% to RM 126.1 million compared to RM 173.9 million for the preceding quarter, mainly due to decrease in PD revenue. Logistics and Warehousing Services revenue decreased by 15.83% to RM 100.5 million compared to RM 119.4 million for the preceding quarter mainly due to festive season where there are lesser working days in the current quarter.
The global and regional economic climate in financial year 2017 is expected to remain challenging to our core business segment, logistics & warehousing services segment. The Group is cognizant of the industry development and understands that maintaining the Group’s market share is paramount to our long term sustainability. The Group will strengthen our core competencies and step up efforts in corporate strategies of clientele development and service innovation as a differentiating factor in the competitive operating environment. Going forward, the Group will continue seeking new business opportunities, focus on operational efficiency and cost control effectiveness to better contend with competition. The property development segment is expected to contribute positively to the Group in financial year 2017. Premised on the above, the Group is expected to deliver another year of favourable profit.
Revenue decreased for FY16 compared to FY15 but net profit actually went up from 74.295m to 79.615m. Div increased from 4c to 5c, so just by looking at revenue is meaningless! NAV is 1.43, so it is just trading at NAV, downside minimal in my opinion.
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....
chinteikong
91 posts
Posted by chinteikong > 2016-06-20 17:00 | Report Abuse
hope not one day show again