Posted by Mohd Fahmi Bin Jaes > 2018-03-03 19:59 | Report Abuse

No

Posted by Chong Jiunn Hau > 2018-03-03 21:33 | Report Abuse

time will tell

Posted by SaoQ > 2018-03-04 02:35 | Report Abuse

good analysis bro, but this counter like a goreng stock only

Posted by lizi > 2018-03-04 09:43 | Report Abuse

"In the latest report (Q3 vs Q4 2017), the total trade receivable has increased by RM 500k but total trade payable has DECREASED by RM 1.24 mil. Is this the reason why Orion had a higher operation expenses?"

I think you have a wrong concept by linking operation expenses in income statement with receivable/payable in balance sheet.

expenses normally pair with sales recognized, not suka suka expenses more this quarter and expense less next quarter.

Posted by lizi > 2018-03-04 09:48 | Report Abuse

payable decrease a lot just means they spend a lot cash this quarter. receivable increase means they collect less cash this quarter.

above has nothing to do with their profitabily, their profit margin.

Posted by YouBuyIBuy > 2018-03-05 14:19 | Report Abuse

lizi, what is your thought on coming quarter and prospect on this counter ? thanks

Posted by Chong Jiunn Hau > 2018-03-06 21:46 | Report Abuse

Tq lizi for pointing out. I should look at the change of working capital and FCF instead of confusing operation expenses with balance sheet.