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Cooler heads prevail, Warrenky, Marcus :) Have faith in your initial plan and the rest is time in the market that makes the difference instead of timing the market.
Looking forward to its Q4FY22. The effort by the management to pursue growth is bearing fruits. Business growth that plateaued/peaked between 2016 to 2019 is history. A new phase of growth; mid to high single digit growth yoy.
Thanks for the sharing, Marcus Lim. Just sharing my personal opinions and could be wrong :) Exactly a year ago, FY21 if you will. (1) Profit margins at 3.28%, revenue jumped to 183.2M, cash balances at 14M, total borrowings at 15.5M and share price was at 0.205 cents. These are mainly driven by incorporating ToT's balance sheet into Plabs. (2) A year later - Profit margins dropped to 2.49%, revenue dropped to 161.6M, cash balances at 10.3M, total borrowings dropped to 8.5M and share price dropped 7% from 0.205 to 0.19 cents.
Seems to me there are silver linings beyond the numbers. The management is still prudent in cost management and working really hard :) Borrowings reduced resulting in interest expense reduced from 850k to 501k which is quite a significant numbers. The margins dropped seems to me are mainly driven by the fall in revenue as most of the expenses showing lower numbers with the exception of selling and distribution expenses; expenses for promoters promoting their consumer products perhaps.
