higher allowance for diminution in value of inventories amounted to 5.2 million....pat should be more than 10m....even provision drag down EPS...current PE still low...very defensive stock with grow on track from foreign sale...
does astino have own raw material? my new house awning are from them. and contractor say they only focus malaysia business and few in SG. bout metal price u can check in xommodity
于是,我就去看了下bursa的公告,却发现原来在它的年报出炉了,近期很红的投资大师官有缘在30大股东榜上有名(第7,14,19的大股东,占3.51%股权),同时上榜的还有海外价值投资型基金的Yeoman 3-Rights Value Asia Fund(0.73%股权)与CSC Steel Holdings Berhad(0.76%股权)。这也难怪Astino在年报出炉后在逆市中被扯购走高。
Like yesterday, the afternoon session sure will up..collect now, it really worth more than 95 c, after QR out later, no more below 1. Collect now before too late.
Any sifu here know what is diminution of inventory in accounting standard? Why there are substantial amount being write off for consequence two quanter result?
Actually someone should raise this question up in upcoming AGM. From what I know, diminution in inventory happens when the price of its inventory drop. BUT, honestly speaking, this is the first company that I know of, so ikut accounting policy, so far no company keep on minus their inventory cost de. I am also wondering what management is thinking...... IF no diminution the PBT is 18.3 million.
KYY sure will push it high and higher, shorterm TP 1.30 will be reach, collect it now. Like what I mention yesterday, no more below 1.00 for this counter.
Astino usual Q1 result are the weakest (please refer to the past 3 years trend). In this case, the Company manage to earn RM 9.5 mil (EPS of 3.8 cent). Note that this profit is after deducting ONE-OFF impairment loss from Inventories of around RM6 mil
The Actual EPS without impairment is therefore = 6.2 cent Rolling 4 quarter would be around 24 cent and PE of 4.
Can you all find another share that is so UnderValue? I believe KYY will continue to buy ASTINO after collecting sufficient HengYuan. My personal target price is above RM1.50
Thanks.
It is just a matter of time before it blossom like Hengyuan :)
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Desirees
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Posted by Desirees > 2017-09-29 14:53 | Report Abuse
qtr report this evening out?