The different is the dividend in malaysia snd japan. I)price will be adjusted 70-100 percents while japan a no). II)When calculation,the money before and after adjustment usually the same.
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Review of Performance Comparison with Last Year Correspodance Quarter’s Results The Group’s revenue and PBT for the Q1FY2023 decreased by 33.5% and 23.3% respectively compared with the corresponding period last financial year. The decrease in revenue and PBT were mainly attributed to the lower volume of product sold but partially cushioned by a stronger USD in the current quarter. In Q1FY2022, revenue was commendable also partly due to deliver the orders previously delayed during Movement Control Order 3.0.
Comparison with Preceding Quarter’s Results The Group’s revenue and PBT for the Q1FY2023 decreased by 23.9% and 35.9 % compared with the preceding quarter Q4FY2022. These was mainly attributed to the lower volume sold as consumer demand was slower in Q1FY2023.
The Group’s revenue of RM39.8 million for Q2FY2023 and RM78.7 million for the 1HFY2023 decreased by 42.2% and 38.2% respectively compared with the corresponding period last financial year. The decrease in revenue of Q2FY2023 was mainly attributed to the decrease in the volume sold. The revenue of the previous corresponding periods (September 2021 to February 2022) were exceptionally high as the Group enjoyed a spike in top line production after temporarily stop work which started from 1 June 2021 until mid of Sept 2021 during Movement Control Order 3.0 (“MCO 3.0”).
The Group’s PBT of RM6.869 million for Q2FY2023 and RM15.277 million for the 1HFY2023 decreased by 50.4% and 38.4% respectively compared with the corresponding period last financial year. This was mainly attributed to the decrease of revenue as a result of decrease in volume sold.
As of Dec 2022, it had RM 152 m of cash and cash equivalents (short term investments). This is about half of its total assets. Over the past 13 years, the company achieved an average ROA of 13% compared to the mean ROA of the Bursa furniture companies of 5%. Refer to https://focusmalaysia.my/covid-19-doesnt-affect-performance-bursa-malaysia-listed-furniture-companies/. I would consider this a fantastic performance. The next question is whether the price is reasonable. Well, the current price is around the 3 years low. But you should compare it with the intrinsic value rather than just looking at historical prices
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....