The Group’s trade and other payables as at 30 June 2020 stood at RM44.7 million compared to fYE2019 of RM14.3 million, an increase of RM30.4 million or 212.6%. The increase was mainly due to the higher trade purchases to cater for higher orders and new product launch in the coming months. These was also the reason for the high inventories as at 30 June 2020 of RM57.9 million compared to RM34.3 as at 30 June 2019.
2018: RM 3.2 million 2019: RM 6.3 million 2020: RM 14 million
They have 3-5 years roadmap to build the company. Capex is one of the indicator for growth. Salutica take few years to build it, now they start to get business from new customer and new product. This is the good signal.
Invest with your own strategy plan. Build a profolio Allocate the money in each stock that you think got potential.
Outlook uncertain..because Jaybird Tws sales demand low..this matter can be serious if Salute Bluetooth tws technology can't reach the current par standard..
Of course buy now seem worthy but at a higher risk. ..
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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....
Nepo
3,405 posts
Posted by Nepo > 2021-01-15 12:20 | Report Abuse
Game just started, why pull out so early...?