what last to fall
Company's Earning drop will also affect the share price of its own.
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© Unusual Items Affecting Assets, Liabilities, Equity, Net Income or Cash Flow
The gain on disposal of available-for-sale financial assets of RM1.3 billion included in “Other
Income” in the Income Statement for the current quarter and current financial year relates mainly
to the one-off gain arising from the disposal of investment in Genting Hong Kong Limited
(“GENHK”) by Genting Malaysia Berhad (“GENM”) Group, which is 49.3% owned by the
Company, and Genting Overseas Holdings Limited, a direct wholly owned subsidiary of the
Company.
Other than the above, there were no other unusual items affecting the assets, liabilities, equity,
net income or cash flows of the Group for the current quarter and current financial year ended 31
December 2016.
No problem on how you allocate your money since it's your money.
Newbie I think 3-5stocks to monitor is good enough.
But still depends on capital.
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22. Review of Group with Comparison to Last Year’s Corresponding Periods
The Group has secured RM1.8 billion new contracts for FY2016.
Out of the total revenue of RM1,574.6 million, 62.1% was contributed by the businesses in the MiddleEast
region, 14.3% by operations in Malaysia, 9.7% by operations in India, 13.4% from the Oil and Gas
segment and the remaining 0.5% from operation in Thailand.
Impact on fair value of financial assets of RM101.7 million, unrealised foreign exchange loss of RM15.5
million, provision for doubtful debts of RM63.9 million and the higher costs resulting from delays in
project funding and low utilisation of fabrication factory in the Oil and Gas segment has resulted in the
loss after tax of RM252.7 million in the current year as compared to last year’s profit after tax of RM61.5
million.
24. Prospects of the Group
During the current financial year ended 31 December 2016, the Group has secured approximately RM1.8
billion new contracts. As at 31 December 2016, the Group’s order book stood at approximately RM2.4
billion. Approximately 37.7% of the order book came from the Group’s traditional stronghold in the
Middle East region, 24.7% from South East Asia, 22.3% from India and the remaining 15.3% was from the Oil & Gas segment.
With the new projects secured up to 28 February 2017, resulting in our order book’s increase to
approximately RM3.0 billion, the Group is confident to achieve higher revenue and profitability going
forward especially with the recovery in the Oil & Gas industry.
Est. Order Book of 2.4bil:
i)Middle East Region - 905mil
ii)SEA - 593mil
iii)India - 535mil
iv)O&G - 367mil
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That Profit margin around 3%.
One hell of a roller coaster ride.
Goodluck for that one.
IGBREITS price also skyrocket now.
Sendai order book 2.4 bil.
Feb 28 2017, 01:45 PM
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