Sifu Philip : buy what you understand 02/02/2021 10:43
Haha Mikecyc, Buy what you understand. So Mikecyc already bought how many PA shares? And what you know about PA? What will be the profit for Q2 ? When will the company pay dividend?
Review of Operations Extrusion & Fabrication For the financial year ended 30 June 2020, this segment recorded a turnover of RM201.2 million which is about 23% higher than the previous year’s figure of RM163.3 million. In line with the higher turnover profit after tax of doubled from RM5.1 million to RM10.6 million. As mentioned, the better performance was mainly due to the higher turnover, tough cost cutting exercise and the higher productivity during the year.
As a significant portion of our turnover is exported, the higher exchange rate for the US dollar against the ringgit throughout the financial year also contributed to the bottom line. The management is projecting higher sales in the coming year and to cope with this, new and better machinery and equipment is being purchased. This should significantly increase the production capacity of the company. The fund raising exercise mentioned above will bring in the necessary funds for this expansion and additional working capital.
Aluminium Billet & Tooling Total internal and external sales for this segment were RM120.9 million which is 5% lower than the previous year’s total of RM127.3 million. Profit before tax was lower at RM2.2 million compared to RM2.5 million. The lower profit was the result of higher labour cost and other production overhead. This segment should perform positively in the coming year given the likely increase in volume in tandem with the extrusion & fabrication segment.
Construction This segment was largely dormant during the year as the management is very selective on the projects to undertake.
Renewable Energy This segment was also largely dormant during the financial year under review.
Money Lending Year to date performance for this segment is affected by the provision of doubtful debts for customers. A net loss was recorded during the year.
Capital Expenditure In view of the rising turnover, the group has to expand production capacity significantly during the year. Production capacity is slated to increase to almost 2500 metric tons a month. With the increase in production capacity, turnover in the coming year is expected to increase in tandem.
Haha Mikecyc, Capacity 2500MT per month! What will be revenue per quarter and profit per quarter?
Corporate Development On 21 June 2019, the Company proposed to undertake a private placement of up to 20% of the total number of issued shares of PARB to third party investors. This proposal has been approved by Bursa Malaysia Securities Berhad on 25 September 2019. This Exercise was completed in December 2019. An amount of RM17 million was raised. This sum was mainly utilised for production capacity expansions and working capital.
PA is in SOLAR.panel play : watch n focus. it had a grand BO with vol in last 30 min of trade yesterday. I don't play penny but might look into it today. in small 55.5 n play small for fun if needed to.
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....
Mikecyc
46,887 posts
Posted by Mikecyc > 2021-02-18 21:30 |
Post removed.Why?