RM243 million borrowings in USD. Short term and long term borrowings as at 30-june 2022 grew 53% and 54% respectively as compared with 31-dec 2021 Revenue grew 16% and net profit decline 42% y-o-y. Using debt to fund expansion?
@NoTimeToTrade Yup, agreed Provided taking on more debts to more fuel revenue and profit growth. Eg: 53% more debt with revenue & profit growth of 80%.
We keep our OUTPERFORM call with a lower Target Price of RM4.45 (previously RM4.50) based on 25x FY24F (CNP RM220.2m) PER, in line with peers’ forward average. There is no adjustment to TP based on its 3-star ESG rating as appraised by us (see Page 4).
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....
AzlanIshtiqal
414 posts
Posted by AzlanIshtiqal > 2022-08-03 21:59 | Report Abuse
Harga sokongan yg kuat pada harga RM3.95