Hey guys, i think no need to worry to much. Their inventories remain high in this qtr. BAsed on my understanding, Vis is making equipments for their customers on customers order. They need to purchase instruments and parts (inventories) to assemble test equipments for their customers. Inventories for current qtr is higher than previous, means they have more equipments to be delivered..
Lolz...that's why I said open red close unchanged..
Posted by WarrenColdeye > Mar 23, 2017 07:03 PM | Report Abuse
Hey guys, i think no need to worry to much. Their inventories remain high in this qtr. BAsed on my understanding, Vis is making equipments for their customers on customers order. They need to purchase instruments and parts (inventories) to assemble test equipments for their customers. Inventories for current qtr is higher than previous, means they have more equipments to be delivered..
13. Commentary on Material Change in Profit before Taxation for the Quarter Reported against the Preceding Quarter The Group posted a lower revenue in the current quarter of RM6,047,675 as compared to the preceding quarter ended 31 October 2016 of RM11,740,761, representing decrease of RM5,693,086. The decrease in sales was attributed by the decrease in sales of machines. As a result of lower revenue, the Group posted a profit before taxation of RM1,125,280 as compared to profit before taxation of RM3,274,759 in the preceding quarter ended 31 October 2016. 14. Commentary on the Prospects Based on the latest industry forecast and coupled with the anticipation of new product launches, the Company is optimistic on its business prospect for financial year 2017.
If look back at the history of each year. The 1st q has always be a bit weaker. The dividend is good news and also the profit margin actually increase compared to previous year. :D
forecast 2nd quarter got eps 2, total 4 quarter 6.74, using p/e 15 times, price at least got RM1 for the next three month. will be collect more if tmr drop :)
Depend how u interrupt n overall result is positive. We should compare YoY instead of QoQ. If a company can grow QoQ then their pe easily exceed 40 times instead of 16.x. YoY show god result and profit margin remain solid n approved company share buyback. Coming qtr should announce another solid YoY result to further drive down the pe. She'd exceed rm 1 in near term.
5:50PM VIS Interim Single-Tier Dividend of 0.5 sen 5:16PM VIS 1Q net profit 1.122 million (increased 365.56%) 12:42PM VIS General Meetings: Outcome of Meeting
comparison should b based on the same qtr last year not the last qtr.... 1st qtr 2016 EPS 0.22c 1st Qtr 2017EPS 1.22 Difference is the +365%!
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Posted by jackyle > 2017-03-23 16:45 | Report Abuse
0.78 wall tearing part by part in process