KAWAN FOOD: The Trouble With Money

HarryTeo wrote a column · Aug 22, 2023 23:43

KAWAN FOOD today announced Q2 results, with net profit falling 📉 47.4% year-on-year. $KAWAN (7216.MY)$

Mainly because of the decline in overseas demand 📉, the outlook is that the global economy may even recession, which is quite a challenge. However, after the company's profit declined for 3 consecutive quarters, Advanced continued to break through record highs.

Mainly because of the decline in order demand, turnover declined, and the company's accounts receivable fell as a result 📉. Moreover, production capacity is still sufficient, and there is no need to expand, and cash flow is still sufficient after dividends are paid, so cash will continue to increase.

Assuming there are more opportunities to make money, I believe KAWAN would like to continue expanding. Regrettably, the global economy is slowing down, and now it is even more important to keep up the spring. Whether investing or doing business, this should be the case. Mutual encouragement.

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Elsie ling : I wish this was my own bank account

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HarryTeo

投资座右铭：价值为主，技术为辅，心态之上在股市拥有超过10年的经验，主要是通过科技以及制造出口领域累积财富。

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