actually not that bad but still need to see how the market justify it since this qr has one off the listing expenses amouted to 1 mil just try to grab more if lower
Extracted from QR" The Group recorded revenue of RM18.26 million for the current financial quarter ended 30 September 2019 as compared to RM17.22 million in preceding quarter ended 30 June 2019, an increase of RM1.05 million during current financial quarter.
The Group registered a PBT of RM2.19 million in the current financial quarter, a decrease of RM0.56 million from RM2.74 million in the preceding quarter. If excluding the listing expenses of RM1.01million, the adjusted PBT would have been RM3.20 million for the current financial quarter, an increase of RM0.46 million from the preceding quarter.
The Group registered a PBT of RM2.19 million for the current financial quarter ended 30 September 2019. During the current financial quarter under review, the Group has recognised a one-off non-recurring listing expenses amounted to RM1.01 million.
Comparison with immediate preceding quarter’s results (Cont’d)
Higher revenue derived from manufacturing segment had contributed to the increase in the Group’s total revenue. As compared to immediate preceding quarter ended 30 June 2019, the revenue derived from manufacturing segment had increased by approximately 13.7% from RM14.38 million to RM16.35 million.
The outlook for the Specialised Machinery and Equipment industry remains positive, in light of the growth in the specialised machinery and equipment industry in Malaysia which are driven by the followings:-
(i) Growing demand for automation in the manufacturing industry; (ii) Electrical & Electronics (“E&E”) industry being among the main drivers for automation; (iii) Continuous technological advancements; (iv) Government initiatives to embrace fourth industrial revolution or Industry 4.0 and provides incentives which is in line with the National Policy on Industry 4.0 (“Industry4WRD Policy”) implemented by Ministry of International Trade and Industry (“MITI”) with the objective of transforming the Malaysian manufacturing industry and its related services to be smart, systematic and resilient; and (v) Government initiatives in Annual Budget 2020 to reduce the foreign worker and modernize manufacturing systems.
The outlook for the Specialized Machinery and Equipment industry remains positive
The Board of Directors has declared a single tier interim dividend of 0.15 sen per ordinary share for the financial year ending 31 December 2019.
The Group recorded revenue of RM18.26 million for the current financial quarter ended 30 September 2019 as compared to RM17.22 million in preceding quarter ended 30 June 2019, an increase of RM1.05 million during current financial quarter.
The Group registered a PBT of RM2.19 million in the current financial quarter, a decrease of RM0.56 million from RM2.74 million in the preceding quarter. If excluding the listing expenses of RM1.01million, the adjusted PBT would have been RM3.20 million for the current financial quarter, an increase of RM0.46 million from the preceding quarter.
Benchmarking
Greatec closed at 191 with PE 24.72 Istone closed at 21.5 with PE 24.45
Greatec did better QoQ. Price wise Istone can still do better despite the share floats is 2X the bigger than Greatec and Market Capitalization which is 4 times smaller than Greatec.
My take away on Istone...
Istone needs to post a few rounds of big profits to boost public confidence. Do not lose sight of your shares. do not risk sell and hope to buy back cheap. You will be caught missing the boat. I am sure all of you have experienced before, after sold, the share price goes up and never came back. It's OK to take profits to lower down your holding cost. That's healthy..
I like to share what I just pick up. Some of us are just like those cannibals living in the deep jungle. One day a rich man got lost and caught by your village. The rich man tell you the village that he has RM10 billion, will give them RM 1 billion if they don't eat him. Of cos they don't know what is RM1 billion, so they decides to eat him for eat him just for one meal not knowing they missed to opportunity to have endless supply of food for the entire village for many generations if they just take the RM 1 billion.
Likewise, I want to be part of this IR4.0 evolution so I plan to keep this stocks as my long term investments. It's giving us dividend and it's one of the stocks that continue to generate great volume unlike some of my technology stocks. Always ask this questions, if Istone is not at uptrend, why would it continue to generate millions of volume? Does that answer the question? or it means those who bid in Millions are simply donkeys??
Hence, I will continue to accumulate if it dips and of course will sell when it's ripe and will accumulate when it deeps. If you are a long term investors, you should not be afraid of price fluctuation. It's part of the playing fields. Just try to get use to it and you will be fine.
Finally, whether it is 19, or 20 or 23, it does not matter if you know where you are going...you should be selling at above 30 sometime next year...
wow@tigerball expert can let me know which counter doing well at klci now...let me know what counter you get high profit for 1month or maybe you just a poorer blow your dog mouth at here??
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....
Xavierchang
46 posts
Posted by Xavierchang > 2019-11-26 13:19 | Report Abuse
Not good enough but not that worse