Posted by tapdance > 2020-05-14 15:11 | Report Abuse
Too many big headlines in the news in the last few months. People simply overlooked the magnitude of the petrol price slashed. Check it up, and you'll be shocked.
Posted by tapdance > 2020-05-14 22:46 | Report Abuse
Earning improvement came in faster than I've expected. More to come.
Posted by tapdance > 2020-05-15 09:37 | Report Abuse
Diesel price has only started declining in early Feb '20, and Ancom Logistics is already seeing visible/material margin expansion.
So the improvement is primarily driven by the operating leverage i.e. revenue expanded by 14% which translates to a +35% EBIT expansion (Y/Y).
Diesel is down by more than 35%, if you have not check on the pump prices lately.
How does it look like when both (operating leverage & low fuel cost) factors surface at the same time? Use your imagination.
Posted by tapdance > 2020-05-15 09:40 | Report Abuse
https://www.comparehero.my/transportation/articles/latest-petrol-price-ron95-ron97-diesel
No result.
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tapdance
85 posts
Posted by tapdance > 2020-05-13 14:09 | Report Abuse
Back in office now, so can only rush this out during lunch break. Apologies for the grammatical errors.