Net profit is down 37.2% to $39.4m. Half year Net profit is down 30.2% to $88.7m.
Dividend of 2.25 cents has been declared.
Looking at the cash flow statement for 2nd quarter, doens't look so rosy!
FCF is $54.1m but the dividend payout is $108.2m .
If included the Perp securities of $3.9m + Interest paid of $12.5m. The cash flow is running low and insufficient to cover the dividend payout of 2.25 cents.
Cash on hand is $98.2m.
I think is good to be cautious and aware of the company financial status!
Not a call to buy or sell.
Pls dyodd.
4th Aug 2019
Chart wise, looks rather bearish!
It reminds me of another counter that is SPH!
It was trading at $4.75 in 2013, yet today the closing price as of 2nd Aug 2019 was $1.49. What a vast different!
The current price is staying below it's SMA lines, looks like price may continue to go lower.
Short term wise, I think it may retest the recent low of $1.46. If this is broken down then it may go lower to test $1.40 then $1.30 level.
Not a call to buy or sell.
Pls dyodd.
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