GreeenWhale
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It has been a while since my last post.
Quick trade Nike for coffee money..
Quick trade Nike for coffee money..
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Aluminum frame manufacturer Econframe Berhad (EFRAME) announced financial results for the third quarter ended May 31, 2024 (third quarter of fiscal year 2024).
To the surprise of many, EFRAME's profit for the quarter fell to RM1.47 million, while revenue was RM24.94 million. Why is that?
Let's take a deep dive into their financial performance.
In the current quarter, EFRAME's revenue was RM24.94 million, up about 27.0% from the third quarter of fiscal year 2023. This increase was mainly due to an increase of RM3.73 million in revenue from the manufacturing sector, which is commendable.
In terms of profit by sector, the profit from the EFRAME manufacturing business was RM6.59 million, and the profit from the trading business was RM0.9 million, an overall increase of 18.0% over the same period last year.
In other words, EFRAME's performance has indeed improved compared to the third quarter of fiscal year 2023.
However, the increase was affected by amortization of intangible assets, amounting to RM2.99 million, which was generated according to MFRS3: “Business Merger”. This was mainly due to the acquisition of 70.0% of Lee & Yong Aluminium Sdn Bhd (LYASB) shares.
For readers with a non-accounting background, amortization of a business acquisition is like buying an asset; its cost needs to be amortized over its useful life (same as depreciation). This...
To the surprise of many, EFRAME's profit for the quarter fell to RM1.47 million, while revenue was RM24.94 million. Why is that?
Let's take a deep dive into their financial performance.
In the current quarter, EFRAME's revenue was RM24.94 million, up about 27.0% from the third quarter of fiscal year 2023. This increase was mainly due to an increase of RM3.73 million in revenue from the manufacturing sector, which is commendable.
In terms of profit by sector, the profit from the EFRAME manufacturing business was RM6.59 million, and the profit from the trading business was RM0.9 million, an overall increase of 18.0% over the same period last year.
In other words, EFRAME's performance has indeed improved compared to the third quarter of fiscal year 2023.
However, the increase was affected by amortization of intangible assets, amounting to RM2.99 million, which was generated according to MFRS3: “Business Merger”. This was mainly due to the acquisition of 70.0% of Lee & Yong Aluminium Sdn Bhd (LYASB) shares.
For readers with a non-accounting background, amortization of a business acquisition is like buying an asset; its cost needs to be amortized over its useful life (same as depreciation). This...
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GreeenWhale
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$Tesla(TSLA.US$ is releasing its Q2 earnings on July 23 after the bell. Unlock insights with TSLA Earnings Hub>>
For the details of indicator sentiment, please tap the link and check.
Since its Q1 earnings release, shares of $Tesla(TSLA.US$ have seen an increase of 72.26%!![]()
How will the market react to the upcoming results? Make your guess now! ![]()
Rewards
● An equal share of 10,000 points: For mooers who correctly guess th...
For the details of indicator sentiment, please tap the link and check.
Since its Q1 earnings release, shares of $Tesla(TSLA.US$ have seen an increase of 72.26%!
Rewards
● An equal share of 10,000 points: For mooers who correctly guess th...
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Kucingko Berhad ("Kucingko") $KUCINGKO(0315.MY$is targeting to debut on the Bursa ace market on 7/26/2024. The IPO subscription takes place from 6/28/2024 to 7/12/2024!
To provide investors with a better understanding of the company's development and future plans,Moomoo Malaysia has the opportunity to conduct a live session with the senior management of Kucingko on 7/10/2024 Wed 14:30 - 15:30 MYT.
Executive Director of Kucingko See Chin...
To provide investors with a better understanding of the company's development and future plans,Moomoo Malaysia has the opportunity to conduct a live session with the senior management of Kucingko on 7/10/2024 Wed 14:30 - 15:30 MYT.
Executive Director of Kucingko See Chin...
Jul 10 01:30
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GreeenWhale
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I have done countless researches about share trading for many many years (more than 10years), what is it, how it works, why it works, what are the logic behind, who benefit from all this. Asking experts around who have trading experience about what they buy, asking my parents about what is share trading in their point of view.
I wanted to try, but back then it was only through banks or some specific channels that you can trade, although some direct to app player (starts with O and ...
I wanted to try, but back then it was only through banks or some specific channels that you can trade, although some direct to app player (starts with O and ...
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GreeenWhale
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You can't always be on the high all the time. That's just plain delusional. ![]()
![]()
Currently the share is touching above the 50MA testing for breakout or break support. My justification is from the inverse daily hammer indicator.
$NVIDIA(NVDA.US$
If it holds I'm seeing a 129 to 130 on a Monday. Condition that the volume of a Long green in premarket intraday.
If it doesn't I may see a pullback to 118 - 121. A buy in the dip opportunity. Condition a huge sell volume.
$NVIDIA(NVDA.US$
...
Currently the share is touching above the 50MA testing for breakout or break support. My justification is from the inverse daily hammer indicator.
$NVIDIA(NVDA.US$
If it holds I'm seeing a 129 to 130 on a Monday. Condition that the volume of a Long green in premarket intraday.
If it doesn't I may see a pullback to 118 - 121. A buy in the dip opportunity. Condition a huge sell volume.
$NVIDIA(NVDA.US$
...
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![[loading]](data:image/svg+xml;base64,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)
GreeenWhale : Do you use leverage? (Sorry newbie here)