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Based on their cash flow statement last quarter, profit was 6mil, from 120mil. it is just 5%, but they are improving. compare to Q3 and Q2, profit was just 1mil and 1mil.
i dont understand people invest in Sapura energy with debt and asset ratio is 1:1. with every quarter loss 400mil.
esceram so far doest show loss in building material segment. the manufacturing profit is improving. just now the QR shows 400k profit from manufacturing.
sws & cheng, i dont think the QR is worst than before. look at manufacturing segment from 2017-2019 (not covid), their revenue maintain at 8mil. same thing happen now. their profit was around 500k. same thing happen now.
but when they taken over cement company, their revenue jump to 110mil. but low margin building material. dont expect too much from this kind of business after diesel price surge almost 50% and minimum wage increase 1700. the business is still running with profit every quarter.
so far im okay with the result. low margin but there is consistency on the revenue and profit. with the price rm0.11, im okay with that. there is small improvement on the balance sheet and cash flow. their receivable increased about 20%.
