Thursday, 13 December 2018

PANAMY latest financial report


Today I would like to have a look at PANAMY's latest financial report which was released at end of Novemeber.

 First:

Comparing with same quarter last year,
the revenue and profit improved a lot,
such a good news~

 However there are reasons why was the revenue improved which will be mentioned later.........

 For more details of the segment:
The fan business was good,
but the profit of Home Appliance business was not as good as last year............

 Based on geographic:
Only the revenue in Malaysia improved a lot,
of course,
there was a reason behind it...........

 Just like what was mentioned at below,
a lot of dealers and consumers chose to buy more PANAMY products at this quarter since the zero GST was until 31st August only,
that was the reason why revenue in Malaysia improved so much.
The lower revenue of export was due to the lower demand in Middle East and Vietnam market.

 The main reason of growing profit was because of the growth of revenue.
The Home Appliance segment didn't perform well was because of rising cost of raw material and unfavorable product sales mix.

 The outlook by management:
Seems like the outlook for both domestic and export market is not very good,
seems like the company will focus more on prudent cost management.

 Lastly,
the dividend which everyone love:
Again another 15 sen per share for this quarter~

 That's all for the financial report,
if you thini it is not detailed enough,
feel free to go to Bursa website to download the report and read again.

 As for whether is it still worthy to invest at PANAMY?

 Investment is about doing own thinking, making own decision.

 Thanks for reading.


I don't provide any buying/selling suggestion above,
please make your own investment decision and be responsible with it.
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