Just FYI, main board transferring is just matter of time and can't rush as they need to aggregate net profit of at least 20mil for the past 3 full financial year and net profit of at least 6mil for the most recent financial year. Now looks so near to it already just wait for the management to decide when only. be patient
china market revenue decline, director said nothing about the decrease in profit and higher taxation, compare the result with qoq rather than yoy. i am truly disappointed
disappointed not to the result but to the comment. director tend to talk good thing but avoid to negative thing. trade receivable still high. although improved.
William Hon is ACCA accountant so he know how to press down the result so that he have enough time to collect more share. current holding only 14%. Result was good Profit before tax year 2017 - 9,503k (increase18%) year 2016 - 8,074k
Lets assume each year PBT growing 15% + no further RI or Bonus issue year 2016 -PBT 8,074k - share 666,666k - EPS 1.324SEN year 2017 -PBT 9,503k - share 808,431k - EPS 1.023SEN year 2018 -PBT 9,778k - share 808,431k - EPS 1.209SEN year 2019 -PBT 11,224k - share 808,431k - EPS 1.390SEN
Assume using PE23 year 2017 - PE23 x 1.023SEN = RM0.235 year 2018 - PE23 x 1.209SEN = RM0.278 year 2019 - PE23 x 1.390SEN = RM0.319
Since no seasonal cycling factor + expanding company PE 20-25 should be reasonable.
just scare the increase of the debtors will become debts in near future ...and the china and indo sales seem no much improvement also in the recent qtr.
if u see the debtors as at 31/12 is ard 32mil and total sales from Jul-Dec (last 2 qtr) only 35mil....means almost 90% sales never been collected back for the past 6mths...hope not keep increasing till ned to be w/off.
Yes there is synergies in both as BioAlpha is producer/manufacturer/exporter/online distributors and Caring is distributor/pharmacy outlets.
If Caring buying some stakes in BioAlpha they will have access to Constant Online Members and offer more pharmaceutical products to BioAlpha existing members and the public. Caring is more beneficial from this acquisition than BioAlpha acquiring Caring.
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Posted by luckypunting > 2018-02-23 10:25 | Report Abuse
no profit growth no share price up, very simple