fortunefire

so did the company utilize 70mil from the reserve to acquire the 2 small clinics?

1 week ago

Jettson8

Get ready for the rally when its Q1 results are announced. Capture the coming rally at current cheap prices 😉

5 days ago

fortunefire

waiting at 0.19

5 days ago

MULTIEVER

call ambulance for Dr Chong!

4 days ago

fortunefire

can tabao already. adjust tp to 0.0x

4 days ago

Abram66

There's a change of revenue recognition from 3 months to 12 months btw ...

4 days ago

ksyewks

Dr Chong become Dr Con, spending money on all useless acquisition and revenue drop by almost 50%, exit while its not too late

4 days ago

Jettson8

Ouch.... Thought it would be good ... let's see how it goes when the market is open later

4 days ago

Jassie26

I love Dr Chong, after TP , now when people sell off, then is my time to buy it back.

4 days ago

goody99

revenue was down 44% , "mainly due to the lower redemption rate in aesthetic services."

not sure what it means... totally unexpected

4 days ago

goody99

profit was expected to be lower because of the costs of new outlets and marketing cost. Anyway, revenue was down 44%, now that's a different story. It's horrible!

4 days ago

fortunefire

ipo prospectus shows past results were profitable. Now seems they face challenges in making profits after ipo....

4 days ago

Jassie26

The change of revenue recognition from 3 months to 12 months is simply a matter of time and a different point of view, as most of the stock will also not instantly reflect the result.

4 days ago

ATmexys02

Seems like 0.22 is the bottom price.. 2nd half of the year business should slowly improve

4 days ago

EatCoconutCanWin

Good result. Should add on

4 days ago

mudaBubu

They sell aesthetic products in packages. The low redemption rate indicates that people have purchased the packages but have not yet used them. They can only recognize revenue when the customer redeems the package.

4 days ago

MULTIEVER

@mudaBubu
then where do you check those un-recognize revenue in the report? if not hard convince us as the revenue slump 50%~ which is terrifying

4 days ago

goody99

@mudaBubu
is there a way to find out the amount of money customers brought in in the previous quarter (3 months):
amount of money customers brought in and redeemed
amount of money customers brought in and not yet redeemed

we can add these 2 figures to know the amount of money customers brought in

or is there any figure that will help us to know how much revenue (recognized and unrecognized) is generated in previous 3 months.

Thank you in advance!

4 days ago

fortunefire

why can't the company recognize the revenue from the product packages paid by the customers where the amount of money paid is not refundable?

4 days ago

Hatiharihari

It's due to Malaysian Financial Reporting Standards, fortunefire. Under this MFRS, revenue can only be recognized when clients redeem their services.

4 days ago

goody99

There is a blog explaining the unrecognized revenue

The Truth Behind DC Healthcare Results!!
https://klse.i3investor.com/web/blog/detail/faizaleyes/2024-05-27-story-h-160716431-The_Truth_Behind_DC_Healthcare_Results

Contract liabilities

There are 2 Contract liabilities figures in quarterly report. The figure 9,591(000) in the balance sheet as at 31.03.2024 must have included unrecognized revenue in the last quarter and also quarters before that.
as at 31.12.2023 3,709 (000)
as at 31.03.2024 9,591(000)
there is an increase of 5882 (000) from Q4FY2023 to Q1FY2024

This Contract liabilities figure of 5,882 (000) found in the cash flow statement for the first quarter ended 31.03.2024 is the unrecognized revenue generated in the last quarter ALONE.

for Q1FY2024:
total sales = revenue 9,454 (000) + Contract liabilities 5,882 (000) = 15336 (000)

not too bad. This figure is lower than last year Q1FY2023

for Q1FY2023
total sales = revenue 16,811 (000) + Contract liabilities 68 (000) = 16879 (000)

3 days ago

Jettson8

Then we can anticipate DCHCARE's financial performance will improve in the next quarter

3 days ago

MULTIEVER

dont be naive, such niche market hardly grow significant in 1 or 2 quarter. it take years and years to prove it.
better find something that more promising with history performance record

3 days ago

Cipta

Facial and slim program like consumable item, you must go for treatment every month. I dont understand why the half of previous package buyer suddenly didn't turn out during the past quarter. One possible is DC doing buy one free one promotion pre-IPO, so the clients paid pre-IPO and thus now DC has higher liability. My wild guess.

3 days ago

Income

Like my wife does not go after bought the package. Now needing Rm for more important essentials in life. My wife forfeit the package la. I think maybe that’s the reason why…
You connect the dots laaa

3 days ago

Income

Time is getting tougher now. Rm is allocated for essential now. Non essential.. need to set aside for now. Haizzz

3 days ago

Income

The chart here doesn’t lie. Take care of your hard earned Rm. Good luck.🤞

3 days ago

fortunefire

this aesthetic business is a very competitive industry. blame the mfrs for not recognizing the revenue? come on!

3 days ago

xiaolongbao

Higher contract liabilities from RM3.7 million to RM9.6 million is interesting, if I'm not wrong DCHCARE collects deposits from customer for the next 12 months' aesthetic services, from the initial 3 months. So the profits & revenue number are "interesting" right now.

3 days ago

xiaolongbao

If price go lower below 0.20, might be an opportunity to pick up

3 days ago

Birdie

10 cents.

3 days ago

Hatiharihari

I won't be so pessimistic. I am queueing at 20 cents right about now 😁

3 days ago

Trianon

DC Healthcare will remain committed to its core business and aims to capitalise on the growth in the medical aesthetic industry, by establishing new medical aesthetic clinics in the Southern and Northern regions

2 days ago

stockjobBB

10 sen impossible... price haven't react much to the quarter report too

2 days ago

Muffy66

@xiaolongbao numbers are definitely interesting, I think price wont go below 10cents - 0.20 my pick up price

2 days ago

Gen2

The company GP has been dropping from 60% in 23Q2 down to 40% in 23Q4.

Even if you add back the 6m contract liabilities into the 24Q1 revenue total around 15m. Then GP is only 6m, minus staff cost and administrative charges 9m, it still incurred 3m losses !!

Off course opening new outlets and marketing expenses increased and causes the loss. But whenever you open new outlet this expenses will be there and s that mean forever the company will not making any profit ?

2 days ago

MULTIEVER

As usual, Pre-IPO report is well made and designed to please investor when they show all slide PTT.

Old trick, never get old.
Those using Pre-IPO or IPO's 1st two QR to speculate company future growth 100% fool.🤣

2 days ago

Jettson8

Aesthetic services is a long-term profitable business. Give it time to perform and improve

2 days ago

Jettson8

and btw I would rather buy on weakness than chase later at a higher price

2 days ago

MattSon

Guess you buying now? weakness showing and oversold currently

1 day ago

vcjskpa

0.20 the new support

1 day ago

curiousq

OMG !!! why Dr.Chong Healthcare becomes so ugly?

1 day ago

Hatiharihari

Ugly people see ugly things 😆

1 day ago

Birdie

Now 10 cents also I won't buy.

1 day ago

curiousq

You won;t buy? the one posting above you buy a lot .....

Posted by Hatiharihari > 2023-09-11 15:03 | Report Abuse
Got it today instead at 0.50. Ha. Hold for 1-2 years I think can get good returns

1 day ago

Jassie26

Operation cost should be lower after new shops are opened, i think low entry price is around 18-20cents

20 hours ago

fortunefire

very hard to go back 0.4x unless all the doctors OT 24 hrs to increase sales

20 hours ago

Bryson

If 50% of the packages are redeemed then it might be good, finally can count as profit

20 hours ago

Abram66

Nowadays people invest a lot of money in beauty and appearance. Especially people are influenced by Korean pop music ..

19 hours ago

Abram66

so, this aesthetic business will flourish for sure

19 hours ago