Hello, Do u know how to read financial statement ??
Revenue up but profit drop due to "completion of certain construction works which have a better profit margin in this current year to date.", meaning remaining construction works are LOW MARGIN despite of HIGH REVENUE. this is obviously a GONE CASE.
Subsequent construction revenue may maintain 300mil per Q but profit will be as low as current or even lower. Only its toll concession is doing better but over bottomline also drag down kao kao by super duper huge financing cost of 59mil in single quarter !!!
Imagine when construction revenue fall drastically (upon completion of DUKE3), the financing cost can easily drag its bottomline to RED !!!
when duke 3 starts operation, it will definitely register -ve return becoz the traffic will be low at early stage, furthermore the financial cost will sky rocket furthermore !, duke3 starts revenue from construction division, which contribute the biggest profit to he bottomline, will fall drastically !!! So overall bottomline will be even worse, probably multi year low earning
Roger, stop misleading la.. You thought this kind of big project can cincai say tukar then tukar ker? Do u know what is the meaning of official signing ceremony? Go play dustbin la.. Don't kacau kacau here.. Hahaa..
PUTRAJAYA: Tun Dr Mahathir Mohamad said the stimulus package will be announced soon.
The interim Prime Minister, on his Twitter @chedetofficial, said that he had just chaired a meeting with the Finance Ministry's top officials. "This initiative will be announced not too long now," he said on Wednesday (Feb 26).
Picture(Twitter): Tun Dr Mahathir Bin Mohamad baru saja selesai bermesyuarat bersama dengan para pegawai atasan Kementerian Kewangan di dalam sesi perbincangan mengenai Pakej Ransangan Ekonomi. Inisiatif ini akan diumumkan tidak lama lagi.
The stimulus package to help cushion the effects of the Covid-19 outbreak was initially planned for launch on Feb 27. However, Dr Mahathir resigned on Feb 24, resulting in the dissolution of the Cabinet. The Yang di-Pertuan Agong has consented for Dr Mahathir to be interim Prime Minister until a successor has been appointed. The King is currently interviewing Members of Parliament individually to ascertain who enjoys the majority support in Parliament
KUALA LUMPUR: Interim Prime Minister Tun Dr Mahathir Mohamad has completed a meeting with the Finance Ministry’s top officials in regards to the tabling of the Economic Stimulus Package.
The economic package aimed to stimulate Malaysia’s economy and mitigate any adverse repercussions arising from the COVID-19 outbreak and other external uncertainties.
In his official twitter, Dr Mahathir said the initiative would be announced soon.
However, he did not reveal details of the stimulus package or the date of the announcement, which was initially scheduled tomorrow, Feb 27,2020.
The stimulus package designed mainly for the aviation, retailing and tourism sectors to cushion adverse repercussions from the coronavirus infections, which originated from Wuhan, China.
The International Monetary Fund (IMF) has announced that the viral epidemic could shave between 0.1 and 0.2 percentage points off the global growth rate but noted that the slowdown could be followed by a sharp and rapid rebound.As an open economy, Malaysia is not isolated from any external developments, as the virus outbreak is expected to affect the country’s economic growth during the first quarter of this year. - Bernama
Time to collect back.....Tun M still alive, should have no much changes to BM project as no GE15 annoucement yet. If GE15, Tun M akso balik kampung already.
i mean next few days below 60c, not today. Dow jone finally started sharp correction due to coronavirus, if spread widely in US like italy, djia gona sink another 10%, ekovest should be below 50c
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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....
roger3210
5,147 posts
Posted by roger3210 > 2020-02-25 18:06 | Report Abuse
Hello, Do u know how to read financial statement ??
Revenue up but profit drop due to "completion of certain construction
works which have a better profit margin in this current year to date.", meaning remaining construction works are LOW MARGIN despite of HIGH REVENUE. this is obviously a GONE CASE.
Subsequent construction revenue may maintain 300mil per Q but profit will be as low as current or even lower. Only its toll concession is doing better but over bottomline also drag down kao kao by super duper huge financing cost of 59mil in single quarter !!!
Imagine when construction revenue fall drastically (upon completion of DUKE3), the financing cost can easily drag its bottomline to RED !!!
IT is officially hopeless counter