Mohd Abubakar's comment on ALAM. All Comments
Mohd Abubakar
4 Like · Reply
read the results carefully. it's huge impairment reversals that made alam profitable. they still lost money without the reversals
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10 months · translate ·
French Connection
I noticed that too. They had 20 mln in reversals. I think they were window dressing for end of year.
Like · 10 months · translate
French Connection
More detail on what you noticed... no cash available...Over the twelve months to June 2023, Alam Maritim Resources Berhad recorded an accrual ratio of 2.31. Statistically speaking, that's a real negative for future earnings. And indeed, during the period the company didn't produce any free cash flow whatsoever. Over the last year it actually had negative free cash flow of RM13m, in contrast to the aforementioned profit of RM16.5m
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Like · 9 months · translate
Mohd Abubakar
this stock will go back to 2-2.5sen. matter of time. but for those who believes in the stock, let them believe
1 Like · 9 months · translate
Mohd Hanif
do not invest, just pure trade based on positive energy index sentiment
1 Like · 9 months · translate
kmj kmj
Run run run
1 Like · 9 months · translate
VictoryHuat8888
agreed with abubakar, trade based on positive energy sentiment.
1 Like · 9 months · translate
nazr zach013
Abubakar need to understand why impairment or cost accrue or accrual were made.. Majority organization cost accrue on the high side as not all costs came in at the time of closing accounts.. When thet cost accrue too much, they reverse that amount on their next quarter..
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1 Like · 9 months · translate
nazr zach013
Even if ALAM running tight on cash, there are other bank facilities that can help companies like ALAM continuing running e.g. facilities like BG, BA and etc.. I hate speculators.. I am not accountant or CPA, I only have Form 3 Perdagangan cert.. pls see my previous comments for your future reference
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Like · 9 months · translate