WINGTM - yesterday close: RM 2.04. PE = 6.81x
9MFY13 report.
Net Profit:
up 16.4% to RM 28.8mil, 9.17 sen. (3QFY12: 7.76 sen)
EPS (ttm): 30.7sen
NTA: increase 10 sen to RM 3.07.
Operating Cash: increase to RM 16.1mil,
Total cash: increase to RM 81.0mil
- MAINLY due to increase in borrowing. (Not Good!)
Borrowings: increase to RM 319.2mil. (2QFY13 = RM 295.8mil)
Prospects:
"In consideration of prevailing market conditions and barring any unforeseen circumstances, the Group expects its property development
division and retail division to remain profitable for the 2nd half of the financial year."
My Comment:
I dont like it when i see a company that has an increase in earnings, operating cash is good but still needs to borrow more money. i understand that some companies might need to grow faster but growing A LOT faster will collapse at some point in the future, if they dont address it.
This company has 2 divisions, property and retail. Property still contributes more to the earning, double to retail.
Malaysia Stock Market? Stock market?
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