hueyshiuan21 QoQ drop man.....look on the total eps hope next quater up...this one is unaudited ...hope the uptredn will continue...look at NTA 1.41..so still undervalue
Najib outlined benefits of about RM6.5 billion for farmers, fishermen, smallholders and rubber tappers. Voters from the agricultural sector have a higher weighting than their work, which contributes to less than a tenth of gross domestic product. Allocations include money for fertilizers, irrigation systems and replanting programs.
Actually i wanna to ask , does Nylex also doin agriculture biz?
Ancom Bhd’s 1QFY17 net profit jumped 60.2% Y.o.Y to RM1.1 mln, from RM692,000 – led by improved performance from its agriculture and industrial chemical businesses. Quarterly revenue also increased 17.8% Y.o.Y to RM419.5 mln, from RM356.2 mln in the last corresponding year. (The Edge Daily)
Just a simple analysis on Ancom's latest financial quarter result (31 Aug 2017):-
Investment Holding and others - higher revenue, however segmental loss mainly incurred for corporate expenses in the investment holding company. (my opinion = non recurring loss)
Agricultural and Industrial Chemicals - higher revenue and slight increase profit due to there is a general improvement in the average selling prices and higher volume sold for Industrial Chemical Products. (good prospect signal, need more improvement)
Logistics - higher revenue and profit after incorporating revenue generated by the new vessel which was constructed and delivered by the Japanese builder in mid-January 2017. (if not mistaken, the vessel started operation in September 2017, coming quarters will benefit from this vessel for cost control effectiveness)
Information Technology (“IT”) - higher revenue, lower profit due to higher operating costs incurred.(IT division is the Least contribution to the co, thus it is not a big deal to me)
Polymer - higher revenue due to higher contribution by its manufacturing plant in Shah Alam and higher profit as a result of improved sales performance.
Current year prospects from Ancom's management:- 1. The key business segments, Agricultural and Industrial Chemical Division and Polymer Division have posted better performance during the financial year.
2. Management expects that the Media Division should continue to perform satisfactory barring any unforeseen circumstances.
3. The Board is of the view that, barring unforeseen circumstances, the financial performance and prospects of the Group will be satisfactory for the remaining of the financial year
My opinion: the co is still growing and definitely undervalued currently. Expecting more good news and better quarter result coming in...
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3150 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Nx350
180 posts
Posted by Nx350 > 2017-10-26 13:59 | Report Abuse
Bad company.....