Posted by buddyinvest > 2016-08-23 08:18 | Report Abuse

Sapu

Posted by Ricky Yeo > 2016-08-23 10:00 | Report Abuse

Hypothesis 1: Market is irrational, share price did not react to Q results
Evidence: Q result improved with record high dividend

Hypothesis 2: Market is rational, Q result did not exceed market expectation
Evidence 1: Current PE is ascribe to Pensonic because they have consistently low return over past 3-5 years to long-term shareholders.
Evidence 2: Dividend is a function of cash flow, which is the R of ROE. IF ROE is persistently the same, yes dividend is preferable, because company is destroying value, but will have minimal impact on valuation.

Posted by newbird33 > 2016-08-23 10:41 | Report Abuse

Becareful. my adverse comment was deleted. But I repeat here. Last Q profit substantially came from forex gain which may become forex loss this Q

Posted by blackspy > 2016-08-23 15:00 | Report Abuse

Cost control is a general wording in every quarter reports and mostly every companies. Investor shall not focus in this wording. The past result will speak it whether company is really work on it or not.

Pensonic do not have a strong brand name. So their profit margin is always low as they need to lower their selling price to sell their products.

Posted by mamatede > 2016-09-08 14:06 | Report Abuse

@newbird33 how significant is forex has on the counter? Plus, looking at the downturn when people are looking for cheaper alternative to the branded items like panasonic, this might actually be a good thing.