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Stock Analysis - BabyAce

Author: BabyAce   |   Latest post: Mon, 24 Aug 2020, 8:56 PM

 

GADANG (9261) Quarter 4 Positive Results! - TP: RM0.55 - By No 1 Analyst in i3investor BabyAce - 29/7/2020

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Gadang latest quarter is out. Results is bad, but still can make profit. So I u-turn say good because during the lockdown period if a Company can still make profit, it's like a miracle already.

In addition, got 1 sen dividends. Not sure if can buy  you a Starbucks but if not, can go Oldtown, order Hazelnut coffee.

 

Financial position

 

Although the quarter is very depressing yet still make a profit, total cash they had is RM302,826,000 vs RM216,876,000 last year same quarter. So there is an increase of RM85,950,000 in the cash and bank balances. I won't show the cash flow statement, but from there they generate a positive operating cash flow of RM136mil. So its a positive results. Don't always know how to see revenue and profit only, sometimes the health of the company is equally important especially times like this. Make profit or high revenue is useless if no money coming in. Same like you play shares, who cares your unrealised profit is how much. What's important is what is in your hand now and inside your bank account. Talking how much unrealised profit is useless. Same with this Company. Well managed. I hope you got the point.

 

Let's talk about borrowings now.

Borrowings alltogether is RM278,395,000 vs RM360,265,000 last year same quarter. A decrease of RM81,870,000. No good? Superb la!

Performance Review

Prospects - Not bad la. Please read

 

Conclusion:

EPS of 5 sen for the next 5 quarters, P/E of 11, thus short term to mid term TP is RM0.55. Thank you very much. I write quarter review faster than anyone xD. Please feel free to comment and what you guys think.

Gadang Premium Detailed Report covering all the details about the Company and some strategies based on 8 hours research of reading every page of latest Annual Report and quarterly report to date and available infomation. It is summarised in a detailed manner so readers could understand every detail about the Company and prospects. It is available from 3/8/2020 @ RM150. It will be posted via Pos Express/Pos Laju to your address. Please email babyace1188@gmail.com for further enquiries.

I provide certain services that could be found on the following link together with my email:

https://drive.google.com/file/d/1BvjTmfXFE3U6lVJaddWiNGOIyfXMQHir/view?usp=sharing

Disclaimer

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Labels: GADANG

Related Stocks

Chart Stock Name Last Change Volume 
GADANG 0.41 +0.005 (1.23%) 1,645,000 

  3 people like this.
 
firehawk ok, give u a like for the fast write-up.
30/07/2020 12:53 AM
shoopersam Damn, was really clear. Thanks on the effort
02/08/2020 12:30 PM


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