Moving forward, earnings will be greatly enhanced upon diversifying into healthcare products.
Quote - "Subject to the receipt of the approval by MOH, the business arrangements/collaborations mentioned in item (i) above are expected to contribute positively to the earnings of the Group."
4. Commentary on Prospects Though the trade war between US and China has been de-escalating following a positive Phase one “US – China” trade agreement signed in January 2020 but may still have a favourable effect on the salesin moulded power supply cord sets as the sales to US accounts for majority of the Group’s revenue. However, the Board is of the opinion that business operations in Moulded Power Supply Cord Sets Division remain challenging in view of the intense competition in the US market, rising inflationary cost in Indonesia, especially the compulsory annual increment of wages and salaries, high volatility of copper price and high working capital requirement. To counter these unfavourable conditions, the Moulded Power Supply Cord Sets Division will continue to focus on lean manufacturing process for better operational productivity, improve efficiencies, and better product quality in order to be more competitive and attract more customers. The outbreak of COVID-19 contagious disease has caused global concern in increasing economic hardship for consumers and businesses, create uncertainties in the market and dampen the global economic outlook. In complying with the Movement Control Order (“MCO”) imposed by the Malaysian Government from 18 March 2020, the Group’s 49% owned travel retail business, Dufry HWG Shopping Sdn Bhd, which operate a sole travel retail outlet in Sky Avenue Mall, Genting Highlands resort still remain closed until further notice. The outbreak of COVID- 19 contagious disease had put the travel retail business and also the Travel Services Division in a challenging year as most of the travelers and tourists are reluctant to travel or being barred from travelling during this period. The Group is expecting a challenging operating and financial performance for the financial year ending 31 December 2020. Meanwhile, the Board will continue to explore viable, synergistic and profitable business ventures to improve the Group’s performance.
told u all sell on news liao. still wanna have fake hope. you look at latest result, next Q HUGE IMPAIRMENT confirm come, and latest positive so fake, less impairment, forex gains. So mian qiang....hhahaha
If you guys can hold, this share will be more than rm1.50 within 3 months. That's as much as I can share for now. The covid test kits are selling like hot cakes and the margins are high for this. Anything u pick up now below 50sen is a steal but need holding power for couple of months.
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....
Hunter8888
505 posts
Posted by Hunter8888 > 2020-05-27 12:35 | Report Abuse
relaks la... haha..shark want collect more.