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Other expenses is 26.4m including:
- Unrealised Loss on Foreign Exchange 2,074,000
- Accelerated Amortisation of Development Costs 3,774,000
- Allowance for Expected Credit Loss 10,793,000
- Impairment Loss on Goodwill 13,663,000
- Sub-total (one-off and non-cash) 30,304,000
Ong, I also feel tmr will drop but until 10 sen is very unlikely.
The recent drop from around 30 sen til current 24sen, does this drop already price in the current QR loss? It is all depend on whether you are trader or investor.
If we read other local and global tech companies' report, we can notice that inventory built in the past 1-2 years is cleared until healthy level now, and the demand for smartphone and EV especially in China is picking up.
Before this QR result is out, I believed it still will be loss-making but able to narrow it. However, the results is below my expectation but not until that panic like the world has no tmr
Very extreme leh, right after QR is out, all fxxk 9 this company, limit down la, 10 sen bla bla.
Then who know it up today, then u all 30 sen la, suddenly become extreme optimism.