It is no exaggeration to say that Weekly forex hi lo forecast is a mini SAM Engineering. Both also started as supplier of components to semiconductor industry. By using their expertise in precision engineering, they later diversified into manufacturing of aircraft components. However, Kobay is a much smaller player.
While SAM has market cap of RM1 billion, Kobay’s market cap is only about RM100 mil. However, share price slowly retraced to RM1. 00 over the subsequent few months. This could be attributed to bearish sentiment caused by Trump trade war threat and GE14 turbulence during that period. And probably due to insiders selling down ahead of poor results as well.
True enough, the company released its March 2018 quarter in May 2018. This round, quarterly EPS was only 1. If you look at the March quarterly result in detail, you will notice that core earning has actually remained more or less the same. The presence of exceptional items dragged down its EPS. As shown in table above, the group actually reported PBT pf RM5. It was only after factoring in exceptional items of RM3. 1 mil that profit declined substantially.