So long term with bonus issues, share splits, free warrants. Soon will rally. 2018 election machinery not too far. PM in strong position to call elections. And no more MDB. Elections also need funding bro.
thanks mr silent one thing I don't understood is currency only affected one month result (JAN), somemore cihldg has hedge USD currency for 3-6 months, so is not a big issue. the usd only drop from 4.3x to 4.1x now, but how come got so big impact to the profit? and the financial result is only up to 31 December 2015, may i know why you related it to Jan 2016?
Review of Performance for 2nd Quarter as at 31 Dec 2015 ( Revenue growth was good but profit after tax was below expectation).
Financial Performance :-
A) The Group performance for the quarter under review against the corresponding quarter of the previous financial :
For the current quarter, the Group recorded revenue of RM346.54 million, an increase of 215% compared to revenue of RM110.13 million recorded in the corresponding quarter last year. The higher revenue for the current quarter and the increase in the profit after tax of RM7.58 million as compared to the profit after tax of RM2.27 million was mainly attributable to the edible oil products division. Included in other income is an amount of RM1.14 million arising from the net realised and unrealised gain on foreign exchange.
B) Variation of Results Against Preceding Quarter
For the current quarter, the Group posted higher revenue as compared to the preceding quarter mainly due to an increase from sales in the edible oil products division. The decrease in profit after tax of RM7.58 million as compared to the preceding quarter profit after tax of RM13.80 million was due to lower foreign exchange gain during the quarter under review and higher administrative expenses attributed to higher banking facility fees, agency fees, patent registration fees and professional fees.
Current Year Prospect :-
The Group will continue with its expansion plans for revenue growth for its edible oil operations and with smart partnership tie-up with property developers for the tap-ware and sanitary ware divisions to enhance shareholders' value .
Thanks Silent to bought this up, the fact is that the revenue seem promising, it increased quarter per quarter, distribution cost have been lower, however administrative cost remain high, if they can remedy this, it could give us better EPS
USD:RM = RM4.05, Ringgit more stronger; FCPO (Palm Oil) keep going up till RM2647 (El Nino Dry Weather); if CIHLDG fails to lower down the Cost of Sales, next coming quarter result (MAY) will gap down the share price again.
Last 2 quarters they said to spend 10 mils to upgrade the existing machine (automated) to lower down costs, money spent but no improvement? Who going to CIHLDG AGM, please ask this question for me. Thanks!
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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....
cstrader
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Posted by cstrader > 2016-01-23 22:11 | Report Abuse
So long term with bonus issues, share splits, free warrants. Soon will rally. 2018 election machinery not too far. PM in strong position to call elections. And no more MDB. Elections also need funding bro.