The latest QR: The inventories was increased from RM34.58 million as at 31 December 2020 to RM46.34 million as at 30 June 2021. The increase was mainly due to the raw materials purchased to support the critical newly secured EV projects.
The previous news never confirmed anything. JHM announced that they're "planning" to venture into EV. I haven't read a news saying that they have secured EV projects.
The results are very disappointing. Deduct 3.46m shortfall of profit guarantee n gain of disposal of land of 2.74m. Its pat is 9.3.m - 3.46 m n - 2.7m only 3.14m. Compared with peers it perform below par despite its report of prospects.
Thanks Donald770 for input, studied the QR more carefully. Indeed the Gross profit is below expectation. but will hold due to the bright prospect and new client North American Lighting Inc (World's largest automobile lighting company). Thanks MillionaireAccountan for teasing, will work harder on reading reports.
we like to cheer on dungus to sell lower so that we can top up more. Or else how to buy cheap? Fear only hit those who are clueless on what they are buying into. Dungus fear, uncle will be greedy :D---
IBs know their game, they pandai RSS la (short sell). Never like to see charts, a facade covering real fundamentals. To me, they are traps for young players
jhm actually based in Sg petani, kedah, not Penang. FYI kedah still under phase one and the only state at phase one.. they really hit badly by COVID. I’m gladded they are still earning. Always looking at the future and prospect but not the past
On the contrary, uncle likes reports like this. It is the same report like that will help uncle make monies next time. Time for some shopping. Bring it lower for uncle babe!
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hantamking
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Posted by hantamking > 2021-09-20 17:55 | Report Abuse
u sure?