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Not yet, William. I have relatively small positions here. Been waiting for mfg segment to pick up due to high margins. But building materials margins took a dip unexpectedly. In summary, topline improved while bottomline struggled. Will exit if the next qtr results showing building materials margins is still low.
actually it s a fair result. I think the market is expecting superb results and hence the bloodbath. revenue has increased a lot while expenses have increased in tandem too.
Thanks, Eddy. Probably market over reacted. Bought some for rebound play at 2.60. Not expecting full rebound but high single digit is possible in my personal opinion :) Thanks for the triggering, Eddy.
Cheng. 20m profit. that means 5m every quarter. 1m from Glove, 4m from cement.
with total revenue almost 500m per annum, and we just talking 20m profit. less than 5% profit.
last two QR showing profit less than 1%. property is booming. next 3 years, cement business still busy. i dont think their profit less than 3% in the future.
total revenue is also growing. what happen if total revenue reach 700m per year. next 3 years, total revenue 700m, plus profit >20m
William. When you mention Cut Loss, you actually influenced by Technical analysis. If you are expert in technical analysis, then go forex trading.
Im buying a share what i believe worth Rm0.3 at least.
In 2012, I bought Inari at Rm0.35. Went down to Rm0.28. Remiser and people say cut loss. I dont play this Cut Loss Game anymore. I stick to my plan at that time, I believe Inari worth 600m market capital.
those who think this is a rubbish counter can cut loss and move on. don't fall in love with the counter and at the same don't hate it forever. if it moves it moves no matter how much u love it or hate it
Thanks, Pilindo. Prospect for Evermix is good with the expansion to northern and southern (Penang, N9, Johor) and topline growth is good but it struggles to pass the cost to customer leading to mediocre bottom line; low margins if you will. Evermix segment is slightly more than 90% contribution to overall revenue. I dont plan to add as long as margins from Evermix is below 2% which will be a drag to its bottom line. Last quarter was a surprise; going below 1%.
Mcement qr is out. Lower cement segment offset by higher ready-mixed segment resulting in flattish revenue, higher profit driven by lower cost of sales and one-off gain. Mgmt is optimistic with their ready mixed segment. This is rather interesting as Evermix ready-mixed is also showing good revenue but higher cost of sales. Will be interesting to see the following quarter performance. A similar lower margins performance at the back of higher revenue will be pointing to internal Evermix operation factors rather than ready-mixed industry.
