I didn't say all 2.9 bil,u read carefully what I wrote before u accuse me of misleading....I say part of 2.9 bil is for text books.u go read from the budget allocation then u tell people here
Sasbadi also produce stpm and muet books... These students also get book voucher. you think the stock went up for no reason today when other stocks were going down? You can also refer to HLIB's report early this year on how book voucher affected sasbadi
Sasbadi Holdings - Downward Trend to Continue Author: HLInvest | Publish date: Thu, 1 Nov 2018, 10:38 AM
Sasbadi’s FY18 core earnings of RM8.0m (-10.7% YoY) were below ours and consensus expectation. 4QFY18 performance was affected by lower book sales and higher paper cost. We cut our FY19-20 earnings assumption by 48-58% respectively as we adjust for lower book sales and higher paper cost. We maintain HOLD rating with a lower TP of RM0.20 based on an unchanged 12x P/E multiple tagged to CY19 earnings
This was before Mazlee's comment on book voucher. Again, up to you wanna buy or not. Not here to convince anyone. Unlike some ppl keep posting negative news here and ask ppl to sell
blame it on mazlee too,before his appointment sasbadi is 47cts,after his appointment the stock slump.this stock cause hardship the retailers who bought at above 1.00 last year.kesian them.for me not lose so much anytime I can cut loss....hehe
A poorly managed company, the board should resign, immediately.
2017 Revenue 93053000 Cost of goods 47551000 (51.10%)
2018 Revenue 87841000 Cost of goods 51089000 (58.16%)
Revenue from 2017 to 2018 has dropped by 5.6%, but the cost of goods has INCREASED 7.44% YTY!
The management of SAS better give a very solid explanation on this.
Also, the cost of goods comprises 51.10% of revenue in 2017. But in 2018, the cost of goods is 58.16% of the revenue. Why such a large increase in the cost despite a much lower revenue?? Where are you spending your money??
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....
newbie4444
1,264 posts
Posted by newbie4444 > 2018-11-05 20:13 | Report Abuse
Std 1-3 no more exam next year why need reference books?