Nothing great to brag about. Seriously disappointed with this low light performance albeit mainly contributed due to the fact that how they handled the pandemic. No wonder insiders started heavy selling a couple of days before like she's going bust.
Particleboard Manufacturing Sector: The revenue and profit before tax reported for this period increased by RM5.70 million or 19.71% and RM1.05 million or 134.49% respectively as compared to the same period last year. The improvement in revenue and profit before tax was mainly attributable to higher production and salesvolumes as well as improved average selling price despite a lower average USD/MYR exchange rate.
RTA Manufacturing Sector: The revenue reported for this period increased by RM2.63 million or 4.21% and this sector reported a loss before tax of RM2.30 million. The loss was caused by some employees being tested positive for Covid-19 during the 2nd round of voluntary screening test, and as a result, production operation was suspended on 20 Feb 2021 for a duration of about 10 days. This had an adverse impact on thebusiness operations as shipments had to be rescheduled and production planning altered, resultingin a lower production efficiency. Costs incurred for Covid-19 test, workers welfare during the quarantine period were also significantly higher during this reporting quarter.
Fungi Cultivation: The revenue reported for this period increased by RM0.38 million or 106.72% and loss before tax decreased by RM0.26 million or 42.36% as compared to the same period last year. This was mainlydue to higher production and sales volumes achieved as more hypermarkets and distributors were identified locally. However, due to the spike in Covid-19 infection rates, Malaysia imposed Movement Control Order 2.0 effective 13 January 2021, hence these new outlets did not realized the full potential during this period.
the loss majorly came from the RTA manufacturing sector. "Costs incurred for Covid-19 test, workers welfare during the quarantine period were also significantly higher during this reporting quarter." They are still making money on the particleboard business.
Hoping that they will be no more covid19 cases infected their factory, next QR should be good.
Sales surge in home improvement remains consistent despite concerns regarding concerns on inflation and rapid rise in raw material costs would motivate consumers to cancel or delay projects
Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University showed that spending on renovation and repairs is expected to increase at rates higher than year-ago levels through the end of 2021. The program uses several economic indicators that have had strong correlations with remodeling spending, including the home-price index, housing starts and remodeling permits.
This counter never move at all cos I bought 90 sen + few yrs .Luckily this company give dividend better than Bank. So I take this stock as FD stock till I get capital gain. Anyway I add more last Friday .Too cheap to be ignore
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....
KML889
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Posted by KML889 > 2021-05-19 22:48 | Report Abuse
Nothing great to brag about. Seriously disappointed with this low light performance albeit mainly contributed due to the fact that how they handled the pandemic.
No wonder insiders started heavy selling a couple of days before like she's going bust.