Crude oil will drop further... Just beware u guys.. Just yesterday the supply hit new heigh. With that kind of surplus do u think oil price will go up?.. Not in this week surely.. But maybe later.. When? I also dont know... I will wait for a few more days to see rhe bottom of this oil price drop
KNM’s FY14 earnings doubles at RM45.7 mil February 25, 2015 : 7:17 PM MYT
KUALA LUMPUR (Feb 25): KNM Group Bhd saw its net profit for the financial year ended Dec 31, 2014 (FY14) doubled to RM45.69 million, from RM23.45 a year earlier, due to improved margins.
This translated to an earnings per share (EPS) of 2.94 sen, higher than EPS of 1.6 sen in FY13, despite a 12.3% decline in FY14 revenue to RM1.87 billion, compared to RM1.99 billion a year ago.
“The Asia and oceanic segment registered lower revenue recognition, however with improved margin contribution. The Europe segment’s contribution remains positive, with its stable order book and higher margin contribution,” said KNM (fundamental: 0.85; valuation: 1.2).
However, in the fourth quarter ended Dec 31, 2014 (4QFY14), KNM saw its net profit fallen 47.22% to RM3.97 million, from RM7.51 million in the previous financial year. EPS for the quarter was at 0.26 sen, lower than 0.51 sen a year earlier.
Revenue was down 21.54% to RM451.24 million, from RM575.13 million.
On prospect, KNM expects further improvements in its Asia and Oceanic segment, with more orders coming from the Pengerang Integrated Complex (PIC) project. For its European and Americas segment, it expects profitability to continue, with stable order book secured from these markets.
KNM rose 1 sen to close at 69.5 sen today, giving it a market capitalisation of RM1.14 billion.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Small matter. Due to high deferred tax impact. However, if you assess the balance sheet. There is huge amount of deferred tax assets to be recognised as income in subsequent quarters.
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....
Heavenexile
137 posts
Posted by Heavenexile > 2015-02-23 22:25 | Report Abuse
Sorry this one http://www.theedgemarkets.com/my/article/diversified-gateway-gains-35-hits-new-high-oct-2009