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PA is an aluminum product manufacturer with manufacturing capacity to produce aluminum billets and end product stamping. The major customer is First Solar from the US. There are also quite a few investors who worry that PA is too dependent on a single major customer. This is a potential risk. The situation is similar to MAGNI.
However, since getting First Solar in 2018, the company has extended it for the 3rd time, and each time it is bigger than the previous contract. In January of this year, the company obtained an extension of the FirstSolar contract for a period of 18 months of RM1,076 mils. Therefore, performance is expected to grow steadily over the next 5 to 6 quarters.
Since the company only earned RM239k in the same period last year, surrendering RM12.436 mils of profit in the latest quarter increased the company by 5,099.2%. Although there is a foreign exchange profit of RM2.9 mil, there are also RM1.8 mil ESOS expenses, and when deducted, there is also PAT of RM11.5 mil or more.
The company's new production capacity was upgraded in March, mainly to meet the record high contract obtained in January. It is expected that next quarter, with the contribution of new production capacity, turnover and profit will rise to the next level.
$PA(7225.MY$
The company's net cash reached a new high in the latest quarter, reaching RM88.8 mil. Mainly due to increased profits, reduced inventory, and the collection of accounts receivable.
Company shares...
However, since getting First Solar in 2018, the company has extended it for the 3rd time, and each time it is bigger than the previous contract. In January of this year, the company obtained an extension of the FirstSolar contract for a period of 18 months of RM1,076 mils. Therefore, performance is expected to grow steadily over the next 5 to 6 quarters.
Since the company only earned RM239k in the same period last year, surrendering RM12.436 mils of profit in the latest quarter increased the company by 5,099.2%. Although there is a foreign exchange profit of RM2.9 mil, there are also RM1.8 mil ESOS expenses, and when deducted, there is also PAT of RM11.5 mil or more.
The company's new production capacity was upgraded in March, mainly to meet the record high contract obtained in January. It is expected that next quarter, with the contribution of new production capacity, turnover and profit will rise to the next level.
$PA(7225.MY$
The company's net cash reached a new high in the latest quarter, reaching RM88.8 mil. Mainly due to increased profits, reduced inventory, and the collection of accounts receivable.
Company shares...
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Apple is releasing its Q2 2024 earnings after the market closes on May 2.
Since its Q1 earnings release, shares of $Apple(AAPL.US$ have seen a decrease of 6%. Its implied move on the earnings date is 4.2%. How will the market react to the upcoming results? Make your guess now!
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the price range of $Apple(AAPL.US$'s opening price at 9:30 AM ET Ma...
Since its Q1 earnings release, shares of $Apple(AAPL.US$ have seen a decrease of 6%. Its implied move on the earnings date is 4.2%. How will the market react to the upcoming results? Make your guess now!
Rewards
● An equal share of 5,000 points: For mooers who correctly guess the price range of $Apple(AAPL.US$'s opening price at 9:30 AM ET Ma...
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Learn his kung fu
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$Intel(INTC.US$ Intel Q1 2024 earnings conference call is scheduled for April 26 at 5:00 PM ET /April 26 at 5:00 AM SGT /April 26 7: 00 AM AEST. Subscribe to join the live earnings conference with management NOW!
Beat or Miss?
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This presentation is for information and educational use only and is not a recommendation or end...
Beat or Miss?
What do you expect from Intel's Q1 earnings? Will the company beat or miss the estimates? Make sure to click the "Book" button to get what managements have to say!
Disclaimer:
This presentation is for information and educational use only and is not a recommendation or end...
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