Read the entire quarterly report la, not just the financial statements. Management normally discusses the results in further detail inside the notes to the accounts
Comparison between the current quarter (“Q1 2016”) and the preceding correspondence quarter (“Q1 2015”)
The Group achieved revenue of RM191 million for the current quarter ended 30 September 2015, a slight decreased of 1.6% as compared to RM194 million recorded in the previous year corresponding quarter. The decrease was mainly due to change of product sales mix to focus on high margin products. Profit before tax in the current quarter decreased from RM7.76 million to RM5.34 million as there was a gain on disposal of other investments of RM6.7 million in Q1 2015.
Netting off gain on disposal of other investments, the Group’s profit before tax grew approximately 5.2 times or RM4.31 million from RM1.03 million Q1 2015 to RM5.34 million in the current quarter. The profitability was mainly driven by favourable product mix and enhanced operations efficiency.
Revenue for the current quarter registered at approximately RM191 million, increased by RM38.8 million or 25.5% as compared to the immediate preceding quarter of approximately RM152 million was mainly due to increase in orders for ICT and consumer electronic products during the current quarter.
Netting off the foreign exchange gain and impairment loss on plant and equipment of RM1.03 million recognized in Q4 2015, profit before tax increased 56% or RM2.27 million in the current quarter. The profitability was mainly driven by increase in revenue with enhanced operations efficiency and favourable product mix.
The Group is re-strategizing to enhance its bottom-line margin by changing its product mix to have more revenue from the box-build segment to complement the current printed circuit board assembly operations. The Group will also continue to focus its efforts in the exploring of new market opportunities, engaging new customers; and improve its design and development capabilities to offer one stop Electronic Manufacturing Services (EMS) solution to its customers.
In addition, the Group will strive to enhance its operational and cost efficiencies by taking prudent measures to achieve satisfactory results. The results of the Group for the financial year 2016 are expected to remain positive.
Congrats to Eg, to its results release are far more better than what I assuming before. The reason for it to traded lower are the rea tion tk the recently softening from the market and retailers are panic that if d result a lot poorer asper MMSV. Plus, Ta player will likely take profit first seen it was not ssustained above $0.855 . So, nxt cut point ??? $0.80 Apek guess. Do I hv a change to buy back at $0.75- 0.78 ???? Exciting to it.
1 KENANGA NOMINEES (ASING) SDN BHD JUBILEE INDUSTRIES HOLDINGS LTD (023) 18,872,616 9.8112 2 MAYBANK NOMINEES (ASING) SDN BHD PLEDGED SECURITIES ACCOUNT FOR TERENCE TEA YEOK KIAN 10,000,000 5.1986 3 MAYBANK NOMINESS (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR KANG PANG KIANG 8,000,000 4.1589 4 KENANGA NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR KOON YEW YIN (002) 4,500,000 2.3394 5 MAYBANK NOMINEES (ASING) SDN BHD PLEDGED SECURITIES ACCOUNT FOR JUBILEE INDUSTRIES HOLDINGS LTD 4,000,000 2.0795 6 LEE PAK HOONG 3,841,537 1.9971 7 GIAP SENG AUTO SUPPLY SDN. BERHAD 3,732,714 1.9405 8 TAN AH LOY @ TAN MAY LING 3,300,000 1.7156 9 HSBC NOMINEES (TEMPATAN) SDN BHD HSBC (M) TRUSTEE BHD FOR CIMB-PRINCIPAL MALAYSIA EQUITY FUND 3,116,300 1.6201 10 RHB CAPITAL NOMINEES (TEMPATAN) SDN BHD PLEDGED SECURITIES ACCOUNT FOR FONG SILING (CEB) 3,100,000 1.6116
FY16 Q1 EPS (announced yesterday) - 6.56 http://www.bursamalaysia.com/market/listed-companies/company-announcements/4935997 EG FY16 whole year forwarding EPS = (6.56 X4 ) = 26.24 cents Thus at price of 86 cents its PE is only 3.25 Using PE of 10 its FV is RM2.60. Net assets also stands at RM1.72 . Even at RM1.72 to reflect its net asset value, its PE is only 6.5. With the recent 57 millions collected from its right issue of which part of it will be used for expansion should augur well for its earning in longer term. So if you have a longer term view, this is centainly a share to have and must accumulate at RM0.86. I let you judge for yourself whether one should collect more EG's shares. http://klse.i3investor.com/blogs/KLSETA/86557.jsp :-> price is likely heading to target of $1.00/$1.15/$1.39 near future.
If one is a longer term holder one may want to leverage on EG-WC as it potentially give you a 200 % returns
Hi cgtan2020, as the right issue money is used for expansion and should bring in better EPS for the coming qtrs. Assuming the next 3 qtrs., its EPS > 6.56 cents (let's say between 7 to 8 cents). Any idea what should the adjusted EPS be assuming the EPS' are at least between 7 to 8 cents (or more) based on the calculation before the right issue ?
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....
Dliaw Su
28 posts
Posted by Dliaw Su > 2015-11-30 14:41 | Report Abuse
Suspension? Big news? Up kao2 after this like bahvest?