我以前也买过类似的股，我的经验是，季报里管理层写的理由，真的看看就好了，不要全盘相信，管理层是永远不会承认自己能力不足的，新出的业绩一直低于预期，管理层的理由都是外在环境不好，汇率问题，区域经济不好等等。
没看过管理层在年报承认自己管理能力不行，承认自己因为洞察力不足，在行业比较变化时错失转型的先机，承认自己表现差还要拿高薪。
（如果你在上市公司做过工，你大概就能明白这些高层是什么样了）
投资者和管理层的关系，我们投资者往往是要一直去question和监督管理层的表现的，去衡量为什么竞争对手成绩比较好，你比较差？
而不是一直去帮管理层讲话。

敢敢买CDB
go go go go
上升4.50哈哈哈哈啊！
TP哈哈哈哈啊
开玩笑别当真

Have you finished reading the report, F@@L, Restia? What do you think? There is one thing that I am perplexed after going through it. It is known that the performance is seasonal and Q2 was a low season. The timing of one of its corporate action is probably the non-recurring / one-off contributing cause to the loss rather than seasonality.

cheng, if you read the financial statements for q2 properly

you will know that the huge losses was due to forex arising from loan payment

it is a macro economics factor beyond normal control

after normalisation done, it should be alright

Wat we need to highlight to top mgt is that

any hedging instrument for forex

any plan to enter into forex forward contract to reduce the forex impact in long run

spot on, AC :) RM34M forex loss due to full settlement of the HK$ denominated bank loans pulled down the operating profit to RM65.9M. This is where I am perplexed of the timing for the execution of the full settlement of the loan.

cheng, should thx to the market player for panic selling

top up at lower price

macroeconomic factor plus timing difference due to loan settlement in foreign currency resulting in one off expenses triggered anxiety is good

if could drop to 15 cents it would be great

SATS is an example on how market player helped investor collect on lower price

when ppl re panic selling due to rights issue

maybe many did not realize that cost of capital from right issues is cheaper than normal financial institution

now hope more to ask for selling...

always grab opportunity from market

thx to invisible hand

Fool

mbmr 也是不错的，只会越来越好

而且当了jaecoo dealer ，如虎添翼

future earning will be more

不过现在高价了，自己study risk reward analysis

China's latest economic measures seems a bit aggressive; particularly addressing the sluggish property sector and liquidity support for China stocks; strong support for equity market if you will. Will there be more measures in coming months to increase the consumer consumption/spending which is their main GDP contributor?

整天都在开会和月尾结账，忙到很狗

这里再次准备上升了

中国只会越来越好

要相信世界经济的改革

not a surprise for PRA to exit the watchlist as Malaysia ops has been reporting positive profits for 3 consecutive years now. PRG (China ops) has just reported the first profitable fiscal year in FY23 and we should continue to see 2nd consecutive profitable fiscal year in FY24 barring any unforeseen circumstances. It is PHB that has yet to report the first profitable fiscal year due to impairment charges; so near yet so far in FY23 though. While impairment is a non-cash expense, it will drag the net profit down as impairment is considered as "operating expense". On the positive side, impairment will lower down the asset value which in return will reduce the depreciation expense over the longer term; positive impact to profitability. Either sell non profitable China malls to stop impairment or wait for the inflection point where asset value is lower than recoverable amount. It feels like management opting for the latter as we have not seen aggressive closure of non profitable malls in China yet.

sell on news

just don't bother if you are looking for mid to long term

this is just a type of noise in stock market

cheng

that why don't bother about selling on news

this is a trick and trap being told by syndicates

must hold and collect on dip

where got sell on news

all scare ppl and caused panic selling

those are noises

just don't bother the noise

return will be handsomely good

Thanks for sharing, war breaker. More stimulus should be expected from China gomen as they are adamant to meet the 5% growth rate for 2024; which means higher consumer consumption/spending needed to meet the target. Some economists anticipating that a higher fiscal measures in trillion yuan will probably be announced by the end of the month to meet the growth number.

KUALA LUMPUR, Oct 7 — Prime Minister Datuk Seri Anwar Ibrahim expressed optimism about Budget 2025 after signing documents at the Ministry of Finance today, noting that it will strengthen the economic framework and promote equitable distribution. Budget 2025 will be tabled in Parliament on October 18, 2024. “With optimism, I anticipate that during the budget presentation on October 18, further enhancements to the economic framework will be unveiled, aiming to facilitate a more equitable distribution of accelerated economic growth among a wider population,” he wrote on the X platform.He also expressed sincere gratitude to all those who contributed to the formulation of Budget 2025.

In a recent interview with CNBC, Anwar, who also serves as finance minister, said the Madani government will address inflation and boost wages in the upcoming budget. — Bernama

Let's see whether any new fiscal measures in trillion yuan as anticipated by economists in the two upcoming meeting/conference (1) Ministry of Finance fiscal policy briefing on 12th Oct (2) Standing committee of the National People's Congress on 20th to 24th Oct. China's GDP in 2023 is about RMB126 trillion and more than 50% of it contributed by consumer consumption/spending. The target for 2024 is 5% growth rate. Millions worth of monetary/fiscal policies wont make much of a difference to its GDP :) A 1% of monetary/fiscal policies worth of 2023 GDP is equivalent to RMB1.3 trillion.

Good data coming out of china retail sales :) Better-than-expected growth for China's third-quarter gross domestic product expanded by 4.6% year on year, according to the National Bureau of Statistics. Even though that's higher than the 4.5% in a Reuters poll, it trails the second-quarter's growth of 4.7%. On a quarterly basis, China's economy grew by 0.9% in the third quarter.

Chinese and U.S. retail sales going strong: China's retail sales for September grew 3.2% from a year ago, said the National Bureau of Statistics. That's better than the 2.5% estimate in an LSEG poll and August's figure of 2.1%. Across the Pacific Ocean, retail sales in the U.S. rose a seasonally adjusted 0.4% for September. It's higher than both the 0.1% gain in August and the 0.3% Dow Jones forecast.

China's domestic consumption kept increasing in September, with faster rise in the sales of auto and home appliance, highlighting the nation's significant potential for sustaining economic growth amid a slew of policy supports. In September, the total retail sales of consumer goods reached 4.1112 trillion yuan ($577.45 billion), increased by 3.2 percent year-on-year, 1.1 percentage points faster than the previous month, according to data released by the National Bureau of Statistics (NBS) on Friday.

Sheng Laiyun, deputy head of the NBS, said during a press conference on Friday that series of policy supports launched in the first three quarters have taken significant effect, including releasing domestic demand potential and relevant industrial potential.

Sheng stated that domestic retail sales of automobile grew by 0.4 percent, reversing a negative trend after several consecutive months of decline, including a 7.3 percent drop in August. Retail sales of household appliances surged by 20.5 percent in September, a significant acceleration of 17.1 percentage points compared to August.

should be okay

USA consumer price index and consumer confidence index increased in October

china is consistent as well

so globally it should be okay

I think the focus is on PHB, AC. We have seen PHB absorbing the impairment losses from either PPE, ROU or intangible assets despite strong operational profit. PHB has done impairment to update the carrying value in its balance sheet compared to the recoverable amount based on their assessment. We have seen active closure of non performing stores/Indo and Vietnam sites following these impairment exercises :) Hopefully, FY24 will be the inflection point for PHB as both PRA and PRG have started reporting annual profit :) I am sure you are more familiar with the balance sheet details than me. Manage it well until then.

Did not notice any profit warning issued by PRG prior to Q3 results :) A profitable quarter despite a low season will be cool as the profitable journey of PRG continue into 2nd fiscal year. Results should be available by the end of the day.

PRG results is not cool. Approx. RMB11M loss driven by lower revenue. PHB Q2 was hit by MYR34M forex loss due to full settlement of HK denominated loan and there's RMB2.37bil loan as of Jun'24. Exchange rate of RMB to MYR in Q2'24 is avg at 0.65 while the lowest in Q3'24 is 0.59 and average at 0.62. There could be forex gain for PHB in Q3?

retail sales in China finally beating forecast in Oct after retail sales expanded 4.8 per cent on year in October, the National Bureau of Statistics (NBS) said, speeding up from the 3.2 per cent in September. The reading also significantly outperformed the 3.8 per cent forecast in a Bloomberg survey of analysts – representing the best reading since February. Analyzed by different areas, the retail sales of consumer goods in urban areas reached 3,925.5 billion yuan, up by 4.7 percent year on year; and that in rural areas reached 614.1 billion yuan, up by 4.9 percent. Grouped by types of consumption, the retail sales of goods were 4,044.4 billion yuan, up by 5.0 percent; the income of catering was 495.2 billion yuan, up by 3.2 percent. Upgraded goods sold well. The retail sales of cosmetics and of sports and recreational articles by enterprises above the designated size went up by 40.1 percent and 26.7 percent respectively. Driven by the trade-in programmes of consumer goods, the retail sales of household appliances and audio-video equipment, cultural and office supplies, furniture and automobiles by enterprises above the designated size went up by 39.2 percent, 18.0 percent, 7.4 percent and 3.7 percent respectively, 18.7 percentage points, 8.0 percentage points, 7.0 percentage points and 3.3 percentage points higher than that of last month respectively.

Parkson's Q3 results is out :) Making money despite a low season and lower revenue achieved from China. Thanks to the strategies put in place by the BODs a year and half ago - becoming a commercial space operators and optimization which resulted in stable other operating income which includes consumer financing aka Parkson Credit. Upcoming two quarters Q4'24 and Q1'25 which is year-end festivities and holiday seasons will be interesting.

ermm. Should not do bonus issue or issue dividend now. 280M buffer is insufficient if you will :) Mgmt should just continue with their strategies/optimization particularly in China. Personally, I will prefer the share price to catch up with the improved balance sheet :) still looking forward to the first profitable fiscal year for PHB in FY24.