Thursday 30 November 2017

PANAMY 2nd Quarter 2018 Financial Result


PANAMY released the 2nd quarter financial report few days ago,
I quickly took a look at it as soon as it released,
and I was disappointed at the revenue.... 

Frankly speaking,
the result is truly disappointing,
especially after PANAMY delivered a very strong quarter result previously........

 Let's have a look at the Segmental Reporting:
The profit of the Home Appliance products recovered.
So the drop of the revenue is mainly because of decrease in sales of fan products.....
Especially in Malaysia market:
Well,
at least the revenue from Middle East bounced back.

 The management team also mentioned that drop of sales of fans products is because of decline in demand in domestic market......

But they did said that the condition improved in 3rd quarter with increased marketing & promotional activities.
No matter how,
looks like PANAMY still doing fine for export market~

Although the financial result is not satisfying,
but at least dividend had been declared:
Only 15 sen though..........
Well I already gotten used to it after holding PANAMY shares for so many years.

 As a conclusion,
the drop of revenue are caused by decline in demand of fans products in Malaysia and rising cost.

 The question now is........
can the sales of fans products bounce back at next quarter?
Will the high cost become a new "normal" for 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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