Managing Director Mr.Law King Hui said the business of education would still be relevant even with the new political lanscape. Eduction is a brightright and is apolitical.He believe it will remain the top priority of the current government. Sasbadi company planning and strategic are still intact and on track to capitalise on the government demand.
The company has been divesifying its revenue stream into the non-academic segment a few years ago and is expecting to bear fruits soon. Sasbadi has established a multi-level network marketing as a new channel to reached the home market
"Sasbadi will see new revenue streams contributing more significantly in the medium term.We are also optismistic with the overall market sentiment,going forward" said its Managing Director,Mr Law,who is also Sasbadi biggest shareholders
Q4 will be ok i think. coz the got revenue from MCE. If the company manage to achieve the same EPS on Q4 as the current quarter, the forward PE is about 14, which isn’t too bad actually.
I've warned you about this company before. I tried bottom fishing earlier but got my fingers burnt. If you scrutinise the financial statements properly you'll realise that the inventory levels are even higher now and operating cash flows remains negative. Borrowings are higher, cash low.
Lets be forward-looking, the technology is rapidly growing, we need to teach AI, robotics, programming and etc to our kids so that they can stay competitive in the future. I think the company is doing a very good job by venturing more into teaching materials that are more technological. If our government starts to bring more technological studies into schools, well-equipped education materials providers like Sasbadi will be the biggest beneficiary.
Yes indeed, but what I wanted to say is the management is putting effort to venture into digital learning materials instead of only focusing on the old textbook printing. Transformation takes time anyway, we can't expect instant profits once venturing into a new product segment.
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abcb
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Posted by abcb > 2018-07-27 09:43 | Report Abuse
Managing Director Mr.Law King Hui said the business of education would still be relevant even with the new political lanscape.
Eduction is a brightright and is apolitical.He believe it will remain the top priority of the current government.
Sasbadi company planning and strategic are still intact and on track to capitalise on the government demand.