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The increase in civil servants salary will further boost p2 and p1 sales, but I think HLIND might benefit more cos motors are cheaper than cars, and based on their recent price rally, market ady trying to price in, dunno how market gonna react to result tmr, lets see
I think it's pretty good, not incredible since last year was a high base, operating profit this qr was ard 7m, up frm q3 but still below q1 and 2, overall FY24 is inline with my estimates, fy23 was a great year, so the fact that management can maintain ard the same profit levels by improving margins is a good sign, wud have been better if wasn't dragged by q3, overall solid results, moving forward the strengthening of myr against usd shud lower their COGS, further improving margins
Yes it's in the announcement pls read it, but it's to generate revenue, theres still other costs, might Wan to estimate profit using their current profit margin
Need ask the qs the high expenses and tax rate, is it a one off or persistent thing? PE 15 is not cheap but ask urself what mce do that deserve this abv average PE, if u can find reasons to justify then maybe it is stil reasonable valuation, as for vehicle sales figure, I suggest u follow msia automotive association TIV forecast, so far this year has been abv expectation, down frm last year but not as much as expected, but i wouldnt be distracted by macro, focus on the company
I wud suggest u study and learn the basics of investing, how to analyse financial statement, do valuation and industry value chain & insights etc. Cos frm the way u ask, sounds like u don't knw much abt this company or investing, which means you're speculating aka gambling, investors dun focus on share price, they focus on fundementals and valuation
its good enuf, MCE has both proton and perodua contracts, its competitor betamek only has p2 and havent got contract since jun 2023, a 3 year contract is fine, cos cars usually facelift ard that time, now just seeing if they can win proton contract for their EV also, perodua and proton also not stupid, would want to have different supplier to lower risk of any supply chain issue or QC issue
If only look at profits wud prob panic sell on Monday, but if u look at operating cash flow, it's been going up 9MFY24 ocf is ady 30m vs fy2023 ocf 20m, fcf also 9mfy24 7.4m vs fy23 5.2m. Of course most of u won't care, cos you all just in it to make quick bucks, fomo buy when price goes up and panic sell when price drops, creador wouldn't have invested if this company wasn't good