SSB8 definitely will be liquid enough to settle RM6.43 million debt after completion of the regularisation plan and settle the auditor's problem as well
Nampaknya perubahan pemegang saham substantial dijalankan dengan lincar. Selepas mereka selesaikan isu juruaudit, SSB8 tak lama lagi akan kembali ke pasaran
Southern Score Builders Bhd has completed its regularisation plan and exited Guidance Note 3 (GN3) status following the acquisition of contractor Southern Score Sdn Bhd (SSSB)
SSSB recorded a net profit of RM6.51mil, RM19.2mil and RM35.18mil in the financial years ended Dec 31, 2019, 2020 and 2021 respectively, and a realised net profit margin of 9.7%, 12.9% and 12.3% in the three years
project will be completed within 48 months from the date of commencement, expected to contribute positively towards the earnings and net assets per share of the Company and SSSB for the financial years ending 30 June 2023 onwards until the completion of the project
construction sector is generally perceived as a “low margin” industry due to their high unpredictability, cash flow constrains that lead to lower margin, as well as exposure to increment of building material prices.
SSB8 is enjoying double digit margins where the some of the peers are now suffering in losses or in low single digit margin, i believe this is the fruit of the well handled management skill
According to the profit forecast, SSB8 shall achieve a minimum profit after tax of any shortfall of the profit guarantee for the financial year ending 31 December 2024 (“FYE 2024”), which shall be equivalent to RM80 million
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....
MunChunxX
198 posts
Posted by MunChunxX > 2022-11-07 12:57 | Report Abuse
got a steady white knight, can steady abit
gonna be an exciting year ahead, finally we got the good news we always waiting for