He was not commenting on the good or bad side on QR. However, for me, when he explained about the projects, it seems that he was giving fair and honest view.
I don’t think the project earning reflect much in this earning because most construction they get the most pay when almost finishing the project which is 2 years for most
Hahaha this uncle kyy is not strong hand anymore. He is easily in and out counter especially after he promoted it. Doesn’t even believe what he wrote before. Can being considered as manipulation
With the Group’s current outstanding order book of RM5.5 billion and continuous reorganisation of resources with a strong focus on optimisation of costs and improving efficiency in its operations, the Group believes that the path of recovery is in motion. The Group is also in the process of restructuring its borrowings to strengthen its liquidity position. The Group foresees optimal utilisation of all its fabrication facilities with the current outstanding order book. The Group is optimistic of its future prospects to achieve improvised financial performance but remains cautious of the global geopolitical and economic uncertainties.
The Group reported revenue and profit before tax of RM399.7 million and RM7.5 million respectively in the current quarter as compared to revenue of RM522.5 million and Profit before tax of RM36.9 million in the immediately preceding Quarter...... this will be painful :-(
Still above 20,50,100MA. Some mentioned earlier some company engineer good profit in certain quarter, it can be the other way round to recognise less profit this quarter and so on. Will be knee jerk tomorrow but not a dooms day thing for sure with huge order book in hand. Cheers.
They stated last qr result is higher because there is an accountability of one completed project, those newly project will project into nxt qr, so I feel not so bad, but anyway will depend on the market reaction, probably will drop down straight and rebound sharply tomorrow
Totally. All about accounting engineering when to recognise profit. Not difficult to see. Will be knee jerk for sure. Could be calm opening also. Depending how they want play.
Those who didn’t study the report need to go read first ya, this current qr they didn’t include any profit from the 5.5billion project yet, will reflex on nxt qr
sendai shd have considered this delayed billing factor in their reporting timeline, if this was so then why release 44m profit in last last qtr? Cant they just have reserved some revenue for this (last) qtr? Holding cost is not allowed, but holding revenue surely can.... if this is how they report, price will be topsy turvy..... market is not guaranteed that these so called secured project will guarantee profitability? Once u reported 44m profit..... market will surely want to see this or similar in next qtr..... price wud have already incorporated this expectation mah
Hold cost? how? Matching concept must recognise both revenue and cost. Cannot prepay the cost without recognising revenue as that would be in violation. Anyway. I have a rough guess about their plan. Order book is there. Shall see. cheers.
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Q12024 result not out yet. may be will be out today or tomorrow.