Hi guys
I was in Booming Iskandar yesterday
This morning I looked at the latest Qtr of Azrb
And this is what I found out
Stayed tuned as I type
Looking at the Accounts give an answer which is clear & solid
Revenue increased from Rm178 mil to Rm266 mil from last year qtr
SO REVENUE IS UP BY 49.4%
The NTA has dropped from 83 sen to 77 sen
But you must remember that AZRB gave out 1 for 8 Bonus Issue last year end
So let us calculate
83 x 12/100 = 9.96 sen (bonus)
Less 9.96 sen from 83 sen = 73 sen
So the Adjusted Bonus NTA should be only 73 sen
Why got 77 sen NTA still?
ANSWER
NTA HAS ACTUALLY INCREASED BY 4 SEN!!
GODD!!
Now take a look more clearly into the Balance Sheet
There is still a forex loss due to Rupiah residual weakness from USD debt & Indon operations
It was forex lost of Rm4.1 millions
If no forex impairment of Rm4.1 millions then AZRB should be in the black
More than that
THE NET CASH POSITION HAS ACTUALLY INCREASED
IT WAS RM200 MILLIONS
NOW RM530 MILLIONS
(((NET CASH HAS GONE UP BY RM330 MILLIONS)))
This is only a brief look
GO AND STUDY THE REST YOURSELVES
NOW ALL MUST REMEMBER THIS
AZRB WILL BE TOP BENEFICIARY OF ECRL
TODAY IS MARCH 1ST 2019
NEXT MONTH IS ECRL GOOD NEWS
SO JUST WAIT
AND BETTER LOAD UP KAW KAW NOW!!!
The time to buy is when there is fear
To be greedy when others are fearfully selling
And one more thing
THE 3 TOP COMMANDOs of OSGE ARE CARIMIN, PENERGY & DAYANG
PENERGY EARNS MORE THAN CARIMIN BUT EARN LESS THAN DAYANG
SO PENERGY IS IN A SWEET SPOT
1) IT IS BETTER THAN CARIMIN (PPE Rm119 MILLIONS) BECAUSE IT EARNS MORE
2) BUT PENERGY (PPE RM319 MILLIONS)
PPE = Property/Plant/Equipment) EARN LESS THAN DAYANG (PPE RM1.4 BILLIONS)
BUT DAYANG GOT RM1 BILLIONS BORROWINGS & ALSO ITS LIABILITY IN PEDANA
PENERGY WITH SUCH CLEAN BALANCE SHEET & GROWTH IS THE BEST BUY NOW
Have a nice day bargain hunting oversold stocks
MAY ALL KEEP STRONG & PROSPER
Please avoid contra trading BUT INVEST LONGER TERM
BEST REGARDS
Calvin Tan Research
Singapore
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/195824.jsp
