All bad results came out at one go which is common practice. Price expected to retract in short term and it is now a good opportunity to scoop at a bargain. Anyway it is up to individual believer on the big data storage prospect.
The company revenue, cash flow and balance sheet is pretty healthy, their challenge for year 2020 is cost management. The company are facing higher cost components and logistic cost during first quarter. For impairment on PPE, let see if these could reverse on following qr, it could be a big bonus to current price if it's reversed.
Btw, many are talking about the paper loss of 11M impairment on PPE, does anyone noticed that they are on the other hand benefit of 4M paper gain from foreign exchange translation from foreign ops (SGD and USD maybe, I think the highest gain so far).
Silly accounting lah...Nowadays Mr. Market only look at EPS...then bad sentiments n fears become out of control...Sell n talk later...Actually cash flows are healthy...But Mr. Market already fall sick...no interest to analyse cash flows lah...Silly to indicate such huge amount of impairments lost at one go...should be gradually announced last few years back...Maybe below @0.44...will be attractive...!!!
Kronologi: Sees no more major impairments ahead. Kronologi Asia does not expect any further major impairments to be made for the current FY20. It posted a net loss of RM11.2m in the 1QFY20, from a net profit of RM3.7m a year ago, despite revenue jumping 60% to a record high of RM51.97 million from RM32.5 million. The weaker earnings was mainly due to an RM11.6m one-time, non-cash impairment to property plant and equipment (PPE) incurred during the quarter. (The Edge)
ha ha ha , why this message was not included in the quarterly report ?
I mean not the polling result, but the Q&A session and also the management comment on the business performance and future prospect and etc...btw, this is 6th AGM, not EGM..
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Posted by super_newbie > 2020-05-19 21:54 | Report Abuse
@Dillionmanage219, since when Krono making losses for most of the quarters? Are we on the same counters?