SOME SO CALLED FOLLOWER OF W BUFFET- VALUE INVESTMENT SIFU BAD MOUTHED KESM. FOR YOUR INFO HE HAD MOUTH KESM SINCE RM 4.80 !!
Enclosed herewith his cut & paste analysis;
Analysis of the performance for the current financial year-to-date
The Group’s revenue increased by RM17.0 million or 9%, from RM194.2 million in the preceding year’s corresponding period to RM211.2 million for the current financial period ended 30 April 2016 as a result of higher demand for all services.
Other income was lower by RM2.8 million or 76%, mainly due to absence of reversal of sundry payables of RM2.0 million as well as, lower exchange gain by RM0.7 million arising from relatively smaller appreciation of USD against MYR on USD denominated receivables.
Raw materials and consumables used and changes in work-in-progress and finished goods increased by RM2.6 million or 12%, from RM21.2 million to RM23.8 million, because of higher sales from electronic manufacturing services.
Consequently, the Group’s profit before tax increased by RM12.6 million or 88%, from RM14.3 million to RM26.9 million in the reporting period under review.
World-wide semiconductor revenue is forecasted at USD333 billion in 2016, representing a decrease of 0.6% from 2015, and two consecutive years of revenue decline. This is mainly attributable to weakened demand for key electronic equipment such as personal computers, smartphones and tablets, high inventory levels and the continuing impact of the strong USD in key markets outside of the United States.
According to International Monetary Fund report in April 2016, the global growth forecast for 2016 was further reduced by another 0.2% to 3.2%. Key economic risks include depreciation of exchange rates in emerging market economics, protracted period of low oil prices, the slowdown of China economy and non-economic concerns such as political discord, terrorism and refugee inflows, could significantly weigh down growth.
Given the lackluster economic growth, the Group will be cautious in its capital spending, focused on improving costs and managing resources efficiently, whilst continuing to drive growth in serving growing markets.
Below IS Raider reply;
kesm rm 6.15...he...he...he...!!
When a stock have big margin of safety like kesm...not matter how bad u say ...it still have margin of safety loh...!!
Risk-reward ratio for this stock is no longer favourable...instead you should be buying shares in the company which owns 48% of KESM that is trading at a market cap 50% less than the current market value of its KESM shares!
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....
ongmari
2,003 posts
Posted by ongmari > 2016-07-18 16:12 | Report Abuse
no more 5.65..adooii..buy 6 wait 7