This is just an impairment of "goodwill" (a concept that only works in accounting anyway) to explain the "premium" paid for the excess 6.5 sen due to the placement of CESSB's acquisition at 19 sen the last time (as the share price went up to 25.5 sen instead). So the company decided to impair the excess 6.5 sen instead.
See further page 15 of the 4th quarter from the management's explanation:
"If exclude the "one off" goodwill impairment, the Group would have registered a profit before taxation of RM2.0 million and RM8.8 million for the 4th Quarter 2022 and full financial year ended 31 December 2022 respectively."
ppl pls put in efforts to read and understand the QR...haih what kind of investing is this? play casino meh?
now that the impairment is out of the way and written off...we should expect to see some nice QRs in future...2023 will be a good year...700+m contracts at hand, waiting for project to start...should be good years ahead...
Maybe the MOU between Genetec and Citaglobal is completed and they've agreed to form the 50:50 JV co to develop the battery storage facility. Let's see ...
nicholas99, the timeline for the definitive agreement i.e. the formation of the 50:50 JV Co for the battery storage management system should be some time now which is already more than 6 > months after the MOU was originally signed. Can see the announcement below.
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....
Yusof896
195 posts
Posted by Yusof896 > 2023-02-27 16:43 | Report Abuse
Projek tenaga hijau dan membekalnya ke Singapura?