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6 comment(s). Last comment by sephiroth 2013-08-30 19:50
Posted by sephiroth > 2013-08-30 18:47 | Report Abuse
but the so call profit is reversal of provisional penalties imposed on completed jobs meaning no cash at all
Posted by KC Loh > 2013-08-30 18:50 | Report Abuse
its the perception of the investors...er...punters that matters too! :)
Posted by kcchongnz > 2013-08-30 19:47 | Report Abuse
sephiroth, that was last year. This quarter there is a profit, not due to reversal of LAD. However, the profit was from its associates and jv business, not from MTDACPI's ordinary business in construction and manufacturing. There is actually an operating loss of about 7m in its core business. Share from JV and associates is about 4.3m.
The Achilles's Heel of MTDACPI is still in its continues poor cash flow, another negative 24.3m this quarter. Without positive cash flow, where got money to invest in capex, pay dividend, or invest in other ventures unless issue more shares or borrow more from banks?
Posted by sephiroth > 2013-08-30 19:50 | Report Abuse
ok noted kcchonngz, that's why i bought 0.57 cut loss 0.555
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PBBANK: Technical Outlook Suggest Target of RM5 (Uptrend but Overbought) - KingKKK
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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....
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Posted by KC Loh > 2013-08-30 18:38 | Report Abuse
looks like Ooi is right again. Making money now! wonder where is one particular sorchai talking bad about Ooi!