jerret

Astino - Operation Briefing 2023/2024

jerret
Publish date: Fri, 10 May 2024, 11:44 AM

1.   Turnover- YOY increase from 2020 of  521 million to 2023 of 619 million

2.   Profit trend                   - Peak Profit achieve at 2021 at 82 million, then gradually down to 38 million in 2023 financial year

                                          - Quarter 1-2 of 2024, QOQ net profit increase from 8.6 mil to 11.8 mil

                                          - So, net profit would be more vibrance in whole year 2024

3.   General - set up 8 manufacturing plants scatter in Sg bakap, Changkat, Bukit Beruntung, Melaka, Temerloh

4.   Cash Flow- as of 2nd quarter 2024, cash in hand will be 111 mil, and is a net cash company 

5.   Performance review- despite the global and local market sluggish in 2023, astino can still maintain substantial net profit

6. Future prospects - on going slow down in China, uneven recovery of economies are the unclear direction in current business environment       ,the group strive to increase operational effectiveness and new possibility to produce new metal building material.

7.   Dividen - will be 1 sen

8.   Conclusion - A company never incurred losses in last 10 years and in any single quarters also. Now Bursa Stock KLCI is hovering over            1600 , the market is booming now, Astino share price is still far behind market expectation. So if KLCI continue to boom up, Astino would           be  n the  eye sight of investor, what would we expect in next few month, less observe.....


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