Great QR. However, bursa market has gone insane by dumping tech related stocks like toilet paper. Nasdaq just correct sikit but bursa tech go into meltdown.
Revenue grew 4x but profit grew only 2x. You will ask why: Firstly, take notice of the huge receivables that grew 2x which means customers are not paying up. Secondly, cashflow becomes an issue and this cause them to borrow where borrowings grew more than 3x. Thirdly, their current expansion increase topline but failed to translate into bottomline, likely performing low value manufacturing job. Fourthly, just only less than 1.5 years after raising money from IPO, the company did private placement in Jul 2024. Likely reflecting that their current biz is not generating sufficient cashflow to grow or the manufacturing is just doing low value contracts. Fifth, the dividend growth does not commensurate with it's topline growth due to low margin biz.
What's your take in this company for next few quarters?
Dnt worry, the bosses are optimistic and confident about the rest of FY2024, particularly about the EMS industry, which it expects to experience notable developments and transformation.
U ppl r funny. U want more revenue but u dont want more trade receivable, is that means u accept cash on delivery only when your customer plan to give u more orders?
NATGATE EMS stock in AI server, with superb QR PAT oso kaput as tech stock of msia. RISK is everywhere n all at once. we hope tough times never last, but tough pple do:
nategate is only appointed supplier of Nvidia A1 Server in South East Asia. It should benefit a lot for booming data centre in Msia and Spore. Current price of RM 1.73 is much lower than private placement price few months ago.
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....
Investar2862
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Posted by Investar2862 > 1 month ago | Report Abuse
Very funny logic,,,,
PP buyers are BIG investors >>> they buy at high price???
After they buy sure drop???
Very "interesting" logic!!