richardteh_9813 - don't worry, i bought at .05 in 2017 still keeping. and I bought some more at .04 , I understand that the profit shall improve in every quarter, since they have expended their factory capacity to double the production for income new order.
I am very pleased to announce that PARB has recorded a net profit of RM4.3 million after tax on the back of a turnover of RM164.9 million for the year. While the profit of RM4.3 million may be a modest sum, this however represent a significant turnaround in the group’s performance. The Board is hopeful that this will herald a continuous period of profitable performance in the future.
The profit was the result of a 46% jump in turnover from RM112.6 million in the previous year to RM164.9 million. The increase in turnover is expected to continue in the coming year. Current production output is averaging 1000 metric tons a month and is targeted to reach 2000 metric tons in 2020.
An additional fund-raising exercise in the form of a private placement of 20% of the issued and paid up capital has been proposed and has since been approved by Bursa Malaysia Securities Bhd on 25 September 2019. This is scheduled to be completed by the end of the year 2019. The proceeds from this exercise is to be utilised for production capacity expansion and working capital.
Revenue for the current quarter under review was RM43.1m which is slightly lower than the previous year's amount of RM43.6m. Operating profits was lower at RM0.6m compared to RM1.5m previously. The lower profits were mainly due to testing, design and development costs incurred when new equipment was installed in this quarter.
1Q profit 0.652m, rev = 43.3m(mainly due to new machine set up) 2Q PAT 2.261m, rev = 53.8m 3Q PAT 3.210m, rev =51.5m (estimate 61.8m WITHOUT MCO - 51.5/2.5 * 3, estimate PAT 3.85m without MCO)
Look like chairman statement double production capacity on track.
Look into details Balance sheet: 1Q 2Q 3Q Cash & bank balance 1.41m 1.19 12.99m Inventories 25.87 27.72 34.45 Trade receivables 28,26 35.82 15.28 Other receivables, &etc 12.39 11.99 9.44 Non-current liabilities Borrowings 1.94 1.08 0.85 Current liabilities Trade payables 11.27 8.88 8.87 Other payables and accruals 12.70 14.29 8.85 Borrowings 19.39 13.92 10.77
Cash flow from operating 5.51 0.645 15.36 Purchase of property, & etc 4.55 10.12 10.77 Repayment of borrowings 1.07 3.37 3.86
SUMMARY; I) CASH UP FROM 1.41M TO 12.99M II) INVENTORIES UP - NEXT Q REV MAY UP FURTHER III) RECEIVABLE DOWN - GOOD IN COLLECTION IV) BORROWING DOWN 21 M TO 11M V) PAYABLE ALSO REDUCED Vi) CASH FLOW GOOD - BETTER THAN PROFIT V) ALMOST NET CASH COMPANY - MAY BE ABLE START DIV SOON IF CASH FLOW CONTINUE THIS WAY
i)Aluminium price drop in the month of Apr & May - drop by close to 7.5% to 10% VS AVERAGE JAN TO MAR- margin win will increase due to 70 to 80% of Raw mat cost is AL ~2.6M SAVING/PROFIT
ii)Forex gain around 3% in APR & May VS AVERAGE JAN TO MAR. ~ 1.5M
PA has recorded a net profit of RM4.3 million after tax on the back of a turnover of RM164.9 million for the year end June 2019
YTD(3Q) PA recorded 6.123m net profit & turnover 148.75m
Assuming in 4Q PA maintain rev & profit as 3Q ---- Whole year profit ~9.333 m , rev 200.25m. Net profit is 116% increase up compare 2019. Think 4Q results will be better than 3Q due to AL price drop(7.5%), RM weaken(3%), diesel price drop(30%) & economy of scale.
PA's price chart range from 0.045 to 0.75(not consider MCO price drop to 0.035). for last 2 years (since Aug 2018 - last Q PA making loss), With almost 2 years of profit now & recorded 100+% profit grow compare 2019, PA price should easily make a new high. Downside risk is low compare potential gain.
Alreday 2Q's profit at 3 years high, price also should break new high.
This is what I see till today, Hard fact. Whether has东风or not also not sure. I believe the management should let the stakeholders update on the latest status.
沉默是金? Silence is not gold nowadays. 有时不是沉默,只是无力诉说。
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....
malton
167 posts
Posted by malton > 2019-11-28 13:01 | Report Abuse
ini bukan penting la penting is banker banker tak kuat banker tipu