This company facing damn wrong cash flow problems, check it out yourself, good luck if you still hold any shares.
---------------------------------------------------------------------------------------------------- Total sales from 1/7/2015-31/12/2015 = RM38m Negative cash flows from below ===>>> RM15.8m
30/6/2015 Trade & other receivables = RM30.08m 31/12/2015 Trade & other receivables = RM31.79m
30/6/2015 Cash in hand = RM15.99m 31/12/2015 Cash in hand = RM10.47m
30/6/2015 Total loans = RM24.32m 31/12/2015 Total loans = RM32.89m
HHGROUP experienced a strong consolidation breakout above the RM0.42 level with high volumes. The MACD Line has crossed above zero, but the RSI is overbought. Price may rally towards the RM0.475 level and RM0.55 level after a short consolidation phase. Support will be set around the RM0.39 level.
On 22 June 2015, the Company had announced that HK Power Sdn Bhd, a whollyowned subsidiary of the Company, had entered into a contract with Advance Boilers Sdn Bhd for the design, supply, delivery to site, installation and commissioning of one (1) unit of 1,077 electrical kilowatts (eKW) biomass co-generation power plant (“Power Plant”) for a cash consideration of RM8,810,000 (“Proposed Acquisition of Power Plant”).
Relevant details on the Proposed Acquisition of Power Plant has been announced to Bursa Securities on the same date.
Barring any unforeseen circumstances and subject to obtaining of the requisite approvals from the relevant authorities, the Proposed Acquisition of the Power Plant and its construction is expected to be completed by the third quarter of 2016.
2015/03/31 Profit 3519 2016/03/31 Profit 300 decreased 91.47 % in considering the project gain vs. cost of managing the project and the potential market gain in China, ignore other factors Heng Huat will have a short counter gain in the future
For the current quarter and financial period ended 31 March 2016, the Group recorded revenue of RM20.71 million, representing a decrease of approximately RM5.75 million or 21.73% as compared to the revenue of RM26.46 million registered in the preceding year corresponding quarter and period.
The moderation of sales performance during the current quarter and financial period under review was primarily due to the following factors: i. Lower sales of oil palm EFB fibre to China market, as the demand is on gradual recovery after the market sentiment within the China’s operating environment was weighed down by the economic uncertainties during the second half of 2015, and in line with the Group’s initiative to mitigate the credit risk exposure by lowering the sales to one of the China intermediaries pending the settlement of its outstanding balance exceeding credit period; and
Remark: The outstanding balance exceeding credit period owing by the said China customer has been fully collected subsequent to the period end; ii. Decrease in average selling prices of oil palm EFB fibre, in order to strengthen the Group’s market competitiveness, in view of the prevailing economic uncertainties
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....
callmehorny
322 posts
Posted by callmehorny > 2016-03-29 12:46 | Report Abuse
if today.. hit 0.10 then buy mode trigger ... just 2cent idea