I also wondering how the QR pay will bring how much benefit to them. the QR pay propose by them is almost one year already but until now no have any news about it from them. Now the market Malaysia already have many QR pay already, Maybank QR, Boost, Touch and go, even Grab and fave also have the QR function already
The fair price should be 1.6 like that, recently bad market sentiment, us China trade war, Hong Kong protest. If you are long term investor then nothing to worry about. Soon or later the price will adjust back to the actual price
1off expenses of 1.1mil, if not because that it should become 1.8+1.1=2.9mil profit translate to EPS of 1.25cent. Yet the newly acquired company only factor in 2mth revenue n profit only. Company is growing, if investor did not read thier QR result, wont able know much clearer.
Those who mentioned RM3million PAT is about right.
RM1.85m + acquisition expenses RM0.36m = RM2.21m. And they took in the entire impairment of RM0.52m and audit fee about RM0.1m in Q4, thats make it RM2.74m. And consultancy fee on projects of RM0.3m (never heard of any news that they are working on something), that will makes it RM3.04m. Of course factoring the tax impact then it will be lower.
But I do not know whether is it their intention to show a lower PAT, it is either they don’t really care about the quarter result and just take in all the adjustments in a single Q, or they deliberately show a lower Q, or perhaps they don’t know how to play with the figure.
But y-o-y is showing a solid growth, about 30%. Taking out all the one off expenses of about RM1.1m, the PAT is already above RM10m figure. Growing at super sonic pace.
REVENUE - The stock is at risk of inviting further downside if it continues to violate below 50-days MA/ level close to 1.54. RSI & MACD are bending towards south again. Support level at 1.45
For undervalue stocks daily updates and short term trade WhatsApp at +60 108599233 Telegram at @jackwaves
The total acquisition costs of anypay and buymall amounting to 1.1m including purchase cost, provision of their audit fees, consultancy fee for the acquisition, write off of the acquired companies receivables. All the above one off expenses are due to the acquisition of 2 companies so if exclude these expenses, the companies profit should be 1.8m plus 1.1m equals to 2.9m which is almost the expected 3m profit.
If you follow all their quarter result, they have RM0.6m of listing expenses in Q1, RM0.1m of bonus warrants expenses in Q3 and cost incurred for acquisition of about RM0.4m in Q4, all in FY2019, they have incurred up to RM1.1m of one-off expenses.
They should have spread the impairment over the 4 quarters and instead of taking all in Q4 only.
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....
andrew95
237 posts
Posted by andrew95 > 2019-08-29 16:35 | Report Abuse
i see...coz the stock price now seems didnt show any good QR sign..