CEB Latest QR Results
Summary of Cape EMS Berhad Quarter Report Q2 2024:
1. Financial Position
✅ - Total assets increased from RM773,673 thousand as of 31 December 2023 to RM905,963 thousand as of 30 June 2024.
✅ - Total equity attributable to owners of the company increased from RM455,189 thousand to RM471,496 thousand.
❌ - Net assets per share attributable to owners of the company decreased from RM0.48 to RM0.46.
✅ - Total assets increased from RM773,673 thousand as of 31 December 2023 to RM905,963 thousand as of 30 June 2024.
✅ - Total equity attributable to owners of the company increased from RM455,189 thousand to RM471,496 thousand.
❌ - Net assets per share attributable to owners of the company decreased from RM0.48 to RM0.46.
2. Profitability
✅ - Revenue increased in both the current quarter and cumulative quarter compared to the corresponding periods in 2023.
❌ - Profit before tax decreased in the current quarter but increased slightly in the cumulative quarter.
❌ - Profit for the financial period and total comprehensive income also showed similar trends.
❌ - Earnings per share decreased from previous periods.
✅ - Revenue increased in both the current quarter and cumulative quarter compared to the corresponding periods in 2023.
❌ - Profit before tax decreased in the current quarter but increased slightly in the cumulative quarter.
❌ - Profit for the financial period and total comprehensive income also showed similar trends.
❌ - Earnings per share decreased from previous periods.
3. Cash Flows
- Net cash flows from operating activities were RM2,254 thousand for the 6 months ended 30 June 2024.
- Net cash flows used in investing activities were RM39,083 thousand mainly due to purchase of property, plant and equipment and acquisition of subsidiary.
- Net cash flows (used in)/from financing activities were negative RM1,485 thousand.
- Net cash flows from operating activities were RM2,254 thousand for the 6 months ended 30 June 2024.
- Net cash flows used in investing activities were RM39,083 thousand mainly due to purchase of property, plant and equipment and acquisition of subsidiary.
- Net cash flows (used in)/from financing activities were negative RM1,485 thousand.
4. Other Highlights
- Adoption of new accounting standards had no material impact on interim financial statements.
- Declared dividends in 2023 and 2024.
- Acquired 100% of iConn Inc. in January 2024, enhancing service offerings and market position.
- Group's operations not subject to significant seasonal or cyclical factors.
- No unusual items, significant changes in accounting estimates, issuance/repayment of debts/equity securities.
- Prospects include strategic focus on core competency, transitioning to asset-light model, expanding into green technology solutions.
- Adoption of new accounting standards had no material impact on interim financial statements.
- Declared dividends in 2023 and 2024.
- Acquired 100% of iConn Inc. in January 2024, enhancing service offerings and market position.
- Group's operations not subject to significant seasonal or cyclical factors.
- No unusual items, significant changes in accounting estimates, issuance/repayment of debts/equity securities.
- Prospects include strategic focus on core competency, transitioning to asset-light model, expanding into green technology solutions.
⚠️ Conclusion on Investment
Determining if it is worth investing in Cape EMS Berhad is complex and depends on various factors. On one hand, the company has shown revenue growth and strategic initiatives like the acquisition of iConn Inc. and expansion into green technology. However, there are also concerns such as a decrease in profit before tax in the current quarter, a decrease in earnings per share, and significant cash outflows in investing activities. Additionally, global challenges like US-China trade tensions and geopolitical conflicts pose uncertainties. Overall, a more in-depth analysis considering industry trends, competitive landscape, and the company's ability to manage these challenges would be needed to determine if it is a worthy investment.
Determining if it is worth investing in Cape EMS Berhad is complex and depends on various factors. On one hand, the company has shown revenue growth and strategic initiatives like the acquisition of iConn Inc. and expansion into green technology. However, there are also concerns such as a decrease in profit before tax in the current quarter, a decrease in earnings per share, and significant cash outflows in investing activities. Additionally, global challenges like US-China trade tensions and geopolitical conflicts pose uncertainties. Overall, a more in-depth analysis considering industry trends, competitive landscape, and the company's ability to manage these challenges would be needed to determine if it is a worthy investment.
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