Michaelvandatte

Michaelvandatte | Joined since 2015-07-22

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2016-09-26 12:08 | Report Abuse

Dear all, what a wonderful day to see people are commenting on this stock-comcorp. I suggest that we should remain logical and read through the latest financial result.
Just my point of view. Basically, I see no problem in their balance sheet and also their future direction. Management wise - I am confident for what they are doing if they able to fulfil what they said.

1.Balance sheet
To see whether this company still has a healthy balance sheet, I always look into their cash flow, debt and profit.

Comparing current/preceding year to date
a) Cash flow: 7/2016 = 37mil , 7/2015 = 39.6mil
Slightly reduced about 2.6mil (not even 10%)

Comparing 31/7/2016 with 31/1/2016
b) Debt/liability: 31.7/2016 = 117.9mil , 31/7/2016 = 157.5mil
Debt has significantly reduced about: 39.6mil

Comparing current/preceding year to date
c) Profit:7/2016 = 7.5mil , 7/2015 = 2.3mil
Profit increased significantly about 5.2mil

Comment: Balance sheet ok - I am glad they did managed to reduce their debt significantly.
The drag down of EPS for this QR compared to last QR was mainly due to the low oil prices where they do export to the oil & gas industries. Plus the economic uncertainty after the withdrawal of UK from EU…after these minor incident over, the company should be able to continue their plans smoothly.
2. Future direction:
As a shareholder we should know that their main income come from manufacturing segment and export to oversea. The incident of Brexit do worry me a lot as they also do export to UK. However, the latest QR able to show me a bright of light when the result beat their preceding year quarter with flying colours (7/2016 EPS=1.78 , 7/2015 EPS=0.63). This has greatly lower down my worries because most of their customer are from North America and Asia Pacific region.

In the latest QR: Pg9 - B3 : Prospect
The company stated that they expect their manufacturing segment to perform satisfactory for the remaining quarters.

Which mean, they are confident with their revenue & profit should be able to keep up their target.

Well, at least they didn't say it was very challenging as we know nowadays sustaining business orders were not easy.

As you know, they have this 2MW advance gasification renewable green energy plant in Kluang will be operating in end of this year hopefully (initial date: 30/11/2016) which will start bringing revenue contribution in year 2017.

Besides that, they also stated that they have been shortlisted for some of the advanced gasification system projects oversea, the contracts would be announced by end of this year or the beginning of next year.

Should you join the boat and hold tight for another few quarters?

Its just a matter of choice...To hold or To sell

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2016-09-21 15:00 | Report Abuse

VenFx: should not be a problem...

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2016-09-21 14:54 | Report Abuse

I think should be able to break 0.900 once the good result announced

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2016-09-21 14:52 | Report Abuse

Seem like good result....

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2016-09-21 12:06 | Report Abuse

Based on last quarter result,this coming quarter should have more foreign gain...I do hope BREXIT did not bring any impact to their business...

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2016-09-21 12:01 | Report Abuse

I heard rumor only...result coming...

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2016-09-21 11:38 | Report Abuse

comcorp result coming out to9

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2016-02-29 09:47 | Report Abuse

I only saw price going down....where got gap up ah

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2016-01-15 16:37 | Report Abuse

Seem like bcom alamak already

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2016-01-15 15:20 | Report Abuse

If the boss not willing to take the offer!!!!

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2016-01-15 15:07 | Report Abuse

But still no news yet

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2016-01-15 15:03 | Report Abuse

Komark drop like waterfall.....the news is just a rumor?

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2016-01-08 09:58 | Report Abuse

Is this Halex worth to keep..I saw it has been unstable for these few days...down fast up limited...