revenue n earning down as compared to previous qr , still think that its recent rise is due to good qr ? LOL
Steel stocks earning rose sharply oso their share price didnt shoot up 30% within 3 days , what make u guys think that its sharp rise is due to good QR ?
Margin increase further compared to preceding quarter.. seems like profit still not reach its peak yet, I think it’s due to more spot orders leveling up it’s ASP..
But bear in mind Mr Wong mentioned during AGM that price will return normalcy but future business prospects still intact and good..
My opinion to holders discussing about dividend, forget it until closing of financial year. They are expanding, funds internally generated to keep debt level low. Why speak about dividend after every quarter? Hopefully they will announce an attractive one end of financial year. Payment around Sep 2022. Anything special earlier is welcome as a bonus but I am not holding my breath.
For the current quarter ended 31 August 2021, the Group recorded revenue of RM25.47 million, represents an increase of 113.35% as compared to revenue of RM11.94 million for the corresponding quarter of the preceding year. The Group achieved a profit before taxation of approximately RM10.41 million for the current quarter. This represents an increase of 225.07% from the profit before taxation of approximately RM3.20 million registered in the corresponding quarter of the preceding year. This was in tandem with the increase in revenue and higher average selling price.
Overall, I expected a lower profit due to MCO, however am pleasantly surprised at the strength of the orderbook. We all hope that Management is prudent and do not do anything irrational to diminish shareholder value. Happy so far...
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....
Bryanlsh
44 posts
Posted by Bryanlsh > 2021-10-18 09:17 | Report Abuse
@anzhsb , pls get back to yr xox ,,,,