tag:blogger.com,1999:blog-29462482.post51762209989728636..comments2023-10-17T15:46:53.662+08:00Comments on nexttrade: APB: Earnings soared on forex gain!Alex Luhttp://www.blogger.com/profile/08920196030603399063noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-29462482.post-17767314302486476852015-11-30T12:06:43.844+08:002015-11-30T12:06:43.844+08:00Hi Jim
TROP's result is good at first glance...<br />Hi Jim <br /><br />TROP's result is good at first glance. Its PBT jumped due to the one-off gain in disposals of investment properties and a subsidiary amounted to RM161.0 million. If this is excluded, its PBT would drop to RM14.0 million. See link below.<br /><br />The other thing that I disliked about this company is the rapid turnover of its top managers. I understand that these experienced people had difficulty working for the major shareholder, Danny Tan or his son. As a result, this company may not amount to much until it can settle on a management team that will work on a long-term strategy for success. <br /><br />This may come about if Danny Tan or his son adopt a hand-free approach and leave the execution part of management to the management team OR they take over the management of the company. Until then, Trop will remain an attractive company that the market shuns.<br /><br />Go to Page 7 of the Notes to the Account: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=189400&name=EA_FR_ATTACHMENTSAlex Luhttps://www.blogger.com/profile/08920196030603399063noreply@blogger.comtag:blogger.com,1999:blog-29462482.post-14127792666886745262015-11-27T16:54:23.572+08:002015-11-27T16:54:23.572+08:00Hi Alex,
Can you comment on recent TROP financial...Hi Alex,<br /><br />Can you comment on recent TROP financial results (Tropicana posts 3-fold increase in net profit) ?<br /><br />The company said cash proceeds received totalled RM1.07bil year-to-date, arising from the strategic disposal of non-core assets and investment properties undertaken over the past year. Beside that, Trop chalked up new sales of RM1.3bil, with unbilled sales at a record RM3.1bil for the nine-month period.<br /><br />Thanks.Jimhttps://www.blogger.com/profile/00580892264058644953noreply@blogger.com