The Group recorded revenue of RM355.8 million in the current quarter compared to its immediate preceding quarter's revenue of RM385.5 million, a decrease of RM29.7 million or 7.7% from previous quarter, mainly due to the impact of the adoption of IC Interpretation 12: Service Concession Arrangements (“IC Interpretation 12”) which resulting the revenue reversal by power segment in current quarter. The profit attributable to ordinary equity holder of the parent for the current quarter has decrease by RM25.1 million from RM15.1 million in quarter 3 FY2020 to a loss of RM10.0 million mainly due to the higher upkeep,repair and maintenance of asset by RanhillSAJ and the impact due to the adoption of IC Interpretation 12 to our Power Purchase Agreement (as disclosed in note B12).
Dont touch this stock , u will regret ! There are many high dividend yield stock thsn this ! This counter will drop further more if u wany buy in 60 - 70 srns !
A very pleasant acquisition of RWSB, RBSB with issuance of shares 100% at 95 cents each. With the acquisition of these 2 companies, Ranhill can look towards becoming a huge E&E conglomerate.
With its secondary listing in SGX, will test its resolve. Well done.
the best thing about this stock is, always provide opportunity for investors to buy cheap, cheaper and cheapest ..... non-stop providing buying opportunity!!
Great acquisition and integration of RWSB and RBSB. Unlocks value on Ranhill's end to go for more contractual works. Perhaps can set sight on Rasau Project too.
@Swen11 Oh no my friend, great acquisition has nothing directly to do with share price.
On paper, the acquisition is great. It really does unlock value for Ranhill. But whether Ranhill is able to make the best out of this, is up to their performance.
These type of company, especially with current dependency on Water Sales, is difficult to judge. Once they acquire the new diversifications and growth, then only we can judge whether the share price is reasonable or not.
Given the growth of population, 5 years time definitely can say its a worthy company to buy. But if you are looking for explosion, then you can only hope for things like winning tender for Rasau Project.
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....
cn21
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Posted by cn21 > 2021-03-29 21:17 | Report Abuse
share buyback does not affect profit statement.............