if a stock cant even outperform index not just 1 day but for many weeks, it means something wrong with that stock, be realistic, else u wont be making good profit in stock market.
A: The company is improving its profitabilty. B. Still sitting on accumulated profit B: Project oderbook is sufficient for the continiuing operations and generating revenue for short term.
THE FINDING:
1. NTA 13.12 sen (up from 12.95 sen) 2. NOSH 133.80 mil.
3. EQUITY Share capital RM143,032,000 Reorganisation reserve (RM76,342,000) Exchange reserve RM53,000 Retained earnings RM18,878,000 – (Still sitting on accumulated profit) Shareholders’ fund RM85,621,000 Non-controlling interests RM7,389,000 TOTAL EQUITY RM93,010,000
4. Cash and Cash Equivalent: Cash and bank balances RM 13,015,000
5. Assets: Non-current Assets RM 68,125,000 Current Assets RM 177,667,000 TOTAL ASSETS RM 245,792,000
6. Liabilities: Current Liabilities RM 135,923,0000 Non-current liabilities RM 16,859,000 TOTAL LIABILITIES RM 152,782,000
7. Last QR result- Gross profit RM3,051,000 - Net profit RM 1,153,000
Note 1: The Group generated a revenue of RM58.78 million in 1Q24, reflecting an increase of RM5.94 million in revenue as compared to its preceding year quarter ended 30 November 2022 (1Q23) which the Group previously registered a revenue of RM52.85 million. The Group’s had achieved a gross profit of RM3.05 million in 1Q24 as compared to a gross loss of RM0.95 million in 1Q23. Other income for 1Q24 amounted to RM2.40 million, including gains on disposal of a machinery of RM2.20 million. The remaining other income comprised of interest income and rental of premises. Meanwhile, the Group incurred total administrative expenses of RM2.96 million.
Note 2: The Group has recorded an increase in revenue of RM7.27 million from RM51.52 million in the immediate preceding quarter ended 31 August 2023 (4Q23) to RM58.78 million in 1Q24. The Group recorded a decrease in gross profit of RM4.60 million from RM7.65 million in 4Q23 to RM3.05 million in 1Q24. The Group’s profit before tax and profit after tax increased by RM0.28 million and RM1.03 million to RM1.53 million and RM1.39 million, respectively in 1Q24.
Note 3: Prospects
In the financial year ended 31 August 2023 (“FY2023”), the Group had secured a total project value of RM346.09 million. This achievement had strengthened the Group’s total order book which stood at RM253.59 million as at 30 November 2023.
With this level of order book on hand, the management is confident in the Group’s financial performance, committing to prioritise on the timely completion of these projects to achieve targeted margins.
Note: 1. From QR3 2023 – QR1 2024 (the latest QR), the revenue increased every quarter. 2. From QR3 2023 – QR1 2024 (the latest QR), the Loss before Tax was decreased or the Profit before Tax (PBT) was increased. 3. From QR3 2023 – QR1 2024 (the latest QR), the Net Loss was decreased or the Net Profit (NP) was increased. 4. From QR3 2023 – QR1 2024 (the latest QR), the Earning Per Share (EPS) was increased. 5. From QR3 2023 – QR1 2024 (the latest QR), the comparative figures Quarter on Quarter (QoQ) and Year on Year (YoY) showed the improvement (positively increased in percentages).
He is spamming this counter and promoting Econbhd, not just for his/her intention to promote Econbhad... His/her intention in naysaying Aneka is to dampen the price of Aneka.... down to his low entry price objectives....
@roger3210... You are spamming this counter and promoting Econbhd, not just for his/her intention to promote Econbhad... His/her intention in naysaying Aneka is to dampen the price of Aneka.... down to his low entry price objectives....
Hong Leong Investment Bank (HLIB) Research is bullish on the construction sector in 2024 in anticipation of public project contract flows that could boost contract awards beyond current contract levels. Hold tight on it ~
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....
KylieTan
341 posts
Posted by KylieTan > 2024-02-20 15:36 | Report Abuse
His brain is gone case already. He think one stock must follow KLCI index going up and down. Chloe is right, let's report him 😌