A friend of mine ask me to analys this counter in SGX.
Revenue
Revenue 50725 (Revenue drop frm 59,332 )
Net profit 16361
Net profit 30%
Cash Equivalent 15,581
Share issue 553,232
mp 0.2
Basically
11million capacity do 5o million business ( not bad)
Cash per share 15,581 / 553,232 = 0.028
Trades Receivables 15433 ( TR increasing from 13,172 to 15,433 )
Trades Payables 4632
TR able to net of TP, but receivable too slow, could be lot of bad debt as well
Inventories 1365 / 553232 = 0.002 ( too small can be ignore )
Debts
Borrowing (short term ) 3545
Borrowing (long term ) 15427
Total Debt per share = 18972 / 553,232
= 0.034
Receivable 15433
Receivable TR = 15433 /50725 x 365 = 111days ( not effiecient )
Nav 35.47cent
Net Profit 4.33cent ( 9.66 cent previously )
Dividen 1/3/10 2cent tax exempted
I think the stocks is so so only. Wont be multibagger , unless there is insider news ahead. Otherwise, its recent rise is due to people hoping to get the 2 cent dividen. Not attractive to me.
p/s Just my 2 cents. Buy sell u decide urself ok? Mr Jong.
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