Posted by pingdan > 2015-11-30 08:37 | Report Abuse

The revenue dropped from more than 200k to ess than 200k for this quarter. Any reason for the dropping of revenue?

Plus, last quarter eps 8.79 most of the part consists of deferred tax. I believe the deferred tax is from purchase of new machine, For your info, usually the company will have deferred taxation income when they purchase new machine because in tax persception, capital allowance claim faster than the depreciation. Hence this deferred tax advantage will slowly eat the earning of EG Industries for coming next few quarter.

Unless the company's revenue come back to 200k, or else it is not a good investment.

High debt and no dividend paid is also one of the concern on me on this share.

Im maybe wrong. If im wrong please give me contructiv feedback. Thx

Posted by pingdan > 2015-11-30 08:42 | Report Abuse

Best example you can used is for MBSB during dec 2014. Because of deferred tax, the company earned 14.56sen uringdec 2014. Subsequently, the company earning dropping as the deferred taxation eat back the earning of MBSB

Posted by RicheHo > 2015-11-30 11:54 | Report Abuse

WE Holdings Limited - SGD0.004
http://www.bloomberg.com/quote/WTE:SP

Posted by 1155023541 > 2015-12-22 10:47 | Report Abuse

yes, EG is flying

Posted by Desa20201956 > 2015-12-22 13:21 | Report Abuse

when commenting on PE and EPS.....please check your figures for rights issues ( Oct2015 after the YE)
I am not saying cannot buy.
But this is a very common amateur problem.

Posted by kkw812004 > 2015-12-26 12:35 | Report Abuse

Nice to meet all of u.

I would like some clarifications. The author estimated that for FY 2016 the estimated EPS will be 8.3 - 10.4 sen. But according to the 1st quarter 2016 financial result, the EPS alrdy has reached 6.56 sen. So is the EPS estimation for FY 2016 too conservative??

And another point i want to highlight, the number of shares for 2015 shown on the table above is 177,117,000 shares. But according to the annual report 2015, the total number of shares is 77,117,000. Is this a mistake?? Even reduction of par value of share from RM 1 to RM0.50 , should not have affected the number of shares.

if the number of shares is wrongly quoted, it will affect a large part of the financial estimation including the EPS and NTA per share. Can the author kindly clarify on this ? Thank you very much. Awaiting reply soon :)