KLSE (MYR): JTIASA (4383)
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Last Price
1.25
Today's Change
+0.01 (0.81%)
Day's Change
1.22 - 1.28
Trading Volume
9,323,000
2024-11-03
2024-10-30
2024-10-30
2024-10-24
2024-10-24
sense maker
794 posts
Posted by sense maker > 2024-05-30 18:53 | Report Abuse
Just my guess and views, high costs of operation may be due to:
1) Salary increase beginning 1.1.2024
2) Certain subsequent cost incurred relating to the newly acquired subsidiary of RM52m that couldn’t be capitalised.
3) RM3m of negative fair value changes.
4) High fixed operating cost structure that didn’t go down despite lower production activity.
5) Higher fertiliser and other direct costs like more staff recruited ahead of coming good seasons.
6) Management delayed many items of cost from last quarter to this quarter, making the former seemingly so good and this quarter so bad.
7) Hanky-panky.
Note that this counter moves up or down ahead of result announcements. Calvin trumpeted this counter nonstop before the price suddenly collapsed from RM1.54 to RM1.15. Then he disappeared. I guess he will be back when the operators ask him to again. Operators know the results 1 month ahead of many. Don’t try to time it too much. Hold for long term if you trust the management. Otherwise you may choose to sell, especially when the price recovers a bit from here.