Printing Publishing: Seem like sales not good as before. Maybe got competitors. Electrionic Education: Need long time to get it to replace traditional education. Cash Flow got a bit problems as need bank overdraft to do business. Temporary a no no for me to invest.
As I said earlier just hold for few years. You will not regret it
Group’s Prospects for the financial year ending (“FYE”) 31 August 2021
The financial year ended 31 August 2020 proved to be a challenging year for the Group, largely due to the COVID-19 pandemic and the Movement Control Order which significantly impacted the Group’s overall operations. As we set foot into the new financial year ending 31 August 2021, we anticipate the retail market conditions will continue to remain challenging. As the education sector continues to see an increasing use of digital services, the Group intends to benefit optimally from these communications and multimedia technologies. Thus, for the financial year ending 31 August 2021, the Group would continue to allocate more resources to the digital solutions segment and remain hopeful that the catalytic effect of the MCO on the digital transformation would spur the growth of the Group. We anticipate the demand for our English upskilling product, Linguaskill by Cambridge Assessment English to continue to pick up when the institutions for higher learning begin to accept students’ enrolment for the new academic year over the coming months. Linguaskill is recognised by the Ministry of Higher Learning (“MOHE”), Malaysian Qualifications Agency (“MQA”) and Education Malaysia Global Services (“EMGS”) as an official English competency test for private university admission and benchmarking as well as in the application of student visas by international students. Further, in October 2020, Linguaskill has also been accepted by the MOE as one of the approved English competency tests to assess the readiness of English teachers in Malaysia with the Common European Framework of Reference for Languages (“CEFR”). Being fully digital and highly functional, Linguaskill would be able to meet the diverse demands of the market today. The Group will be launching an e-tuition platform, “Tutor2U”. Through Tutor2U, students in Malaysia would be able to receive on-demand, e-tuition services from teachers across the country, as well as subscribe to an array of learning resources and videos prepared by teachers. The launch of this platform represents the Group’s first step into the gig economy business. The print publishing segment will continue to remain relevant due to the prevailing digital divide. The Group also hopes to gain a bigger market share by offering a diverse range of educational products that combine both the conventional print publishing products and digital education solutions. We have seen an increase in demand for our hybrid print publishing products in the run-up to the new academic year. The Group will continue to grow the non-academic print publication segment and hopes to ride on the wave of the 10-year National Reading Decade 2021-2030 programme launched by the Minister of Education with the aim to transform Malaysia into a Reading Nation by 2030. More notably the Group will soon launch a major series of CEFR English Readers with 200 titles targeting pre-schoolers and primary school year 1-3 students. The Group aims to expand its market share going forward as we expect the market to consolidate further and our diverse range of products will be able to meet the diverse demands of the current situation. This would benefit the Group as it further strengthens its economies of scale. All things considered, we are conservatively optimistic about the Group's prospects for FYE 31 August 2021 despite these challenging times.
Mr power we are actually comparing to quarter on quarter basis, obviously it is in profit. But you are comparing to year on year basis which is loss. Sasbadi is slowly recovering from its previous quarter. You can't compare to 2019 quarter as economy was not as bad back then
It's worrying why sasbadi has lost many of its government contracts, including SJKC Bahasa Cina, Maths, PJK.. What happened? Book quality no good? My suggestiom is for the management to try to get new blood for editorial team. Good products will get handsome sales. Likewise.
Usually printing for books will start Nov / Dec for new batch. This year many publisher stop printing the books and even Oxford Fajar stop the production. Most of the publisher will only plan to produce books for 2022.
Their upcoming plan or project for online tuition is not a good plan because so many talented individual already start doing online tuition and captured the market.
This counter will move slow for this year because: 1) 17 Feb 2021 - Extension of employee share option scheme for 5 years at 0.12 cents 2) 3rd QR Report for the year 2020 stating that Private Placement is proposed and is coming soon.
It's a challenging year for Sasbadi and its share price.
1. Most of the national school books belong to DBP, not SAS. Are you lying? 2. SAS has lost most of their textbook tenders, they only have a few textbooks that will expiry soon. 3. There is a huge mismanagement within the comp. Later i forward a long posting to show you. It's about the "BLIND' purchase of Sanggul Unggul Sdn Bhd by SAS. 4. The directors have not taken any step to reduce their salaries. 5. Many SAS salesman have resigned. When your sales team is weak, your sales go boo boo. 6. SAS quarter report says that they are making a loss, last year at around 10million..Clearly you cant read @ maxcore. 7. Maybe Maxcore is yet another username used by the MD disguised as an 'investor' to confuse us.
Conclusion: Some people are blind.The blind trying to lead others has a dark heart. Blind in slight and BLINK IN HEART.
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....
Rakyat
81 posts
Posted by Rakyat > 2021-01-30 13:04 | Report Abuse
Correct, quarter report is in red....