The Group recorded revenue of RM41.03 million in the current quarter (“Q1 2016”) as compared to RM53.75 million in the previous quarter (“Q4 2015”), a decrease of RM12.72 million or 23.66%. The Group recorded a profit before taxation (“PBT”) of RM5.33 million for the quarter under review, as compared to previous quarter PBT of RM6.65 million. The reasons contributing to the decrease in the result are as follow: 1. Decrease in sales to existing customers. 2. Appreciation of Ringgit Malaysia against USD. Nevertheless, the impact has been cushioned by the one off income from the full recovery of USD0.66 million during the quarter under review as per announcement dated 3 February 2016.
B3. COMMENTARY ON PROSPECTS In general, the global HDD industry is expected to contract in the coming quarters due to the weak global economy. However, our new product mix development with the HDD customers is expected to continue sustain our HDD businesses which will to a certain extent mitigate the expected contraction.
B3 section is just a kopipes from previous quarter report. it is just a generic statement on the disruptive tech of solid state storage. Solid state still expensive for now, so making HDD still relevant for larger storage capacity. This means HDD still can be cost competitive.
Good result and good prospect, Gratz for those who have faith in this counter. TA wise, definetely more to come from my perspective. Once again gratzzzz
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maselankacak
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Posted by maselankacak > 2016-05-09 10:10 | Report Abuse
acelee i second to that. Time is used to shake off ikan bilis. But if u ask me when, I dunno when it will prevail