The Strong Earnings Posted By APAC Resources (HKG:1104) Are A Good Indication Of The Strength Of The Business
The Strong Earnings Posted By APAC Resources (HKG:1104) Are A Good Indication Of The Strength Of The Business
The subdued stock price reaction suggests that APAC Resources Limited's (HKG:1104) strong earnings didn't offer any surprises. Investors are probably missing some underlying factors which are encouraging for the future of the company.
股价反应疲软,表明亚太资源有限公司(HKG: 1104)的强劲收益并没有带来任何意外。投资者可能遗漏了一些对公司未来来说令人鼓舞的潜在因素。
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The Impact Of Unusual Items On Profit
不寻常物品对利润的影响
For anyone who wants to understand APAC Resources' profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit was reduced by HK$102m due to unusual items. While deductions due to unusual items are disappointing in the first instance, there is a silver lining. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. In the twelve months to December 2023, APAC Resources had a big unusual items expense. As a result, we can surmise that the unusual items made its statutory profit significantly weaker than it would otherwise be.
对于任何想了解APAC Resources超出法定数字的利润的人来说,值得注意的是,在过去的十二个月中,由于异常项目,法定利润减少了1.02亿港元。尽管由于不寻常项目而产生的扣除首先令人失望,但有一线希望。当我们分析全球绝大多数上市公司时,我们发现重大不寻常的事项往往不会重演。鉴于这些单列项目被认为不寻常,这并不奇怪。在截至2023年12月的十二个月中,亚太资源有一笔巨额的不寻常项目支出。因此,我们可以推测,这些不寻常的物品使其法定利润明显低于原来的水平。
Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of APAC Resources.
注意:我们始终建议投资者检查资产负债表的实力。点击此处查看我们对亚太资源的资产负债表分析。
Our Take On APAC Resources' Profit Performance
我们对亚太资源盈利表现的看法
As we mentioned previously, the APAC Resources' profit was hampered by unusual items in the last year. Because of this, we think APAC Resources' underlying earnings potential is as good as, or possibly even better, than the statutory profit makes it seem! And it's also positive that the company showed enough improvement to book a profit this year, after losing money last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. So while earnings quality is important, it's equally important to consider the risks facing APAC Resources at this point in time. In terms of investment risks, we've identified 3 warning signs with APAC Resources, and understanding these should be part of your investment process.
正如我们之前提到的,去年,亚太资源的利润受到不寻常项目的阻碍。正因为如此,我们认为APAC Resources的基础盈利潜力与法定利润看上去一样好,甚至可能更好!在去年亏损之后,该公司表现出了足够的改善,今年实现了盈利,这也是一个积极的因素。本文的目标是评估我们在多大程度上可以依靠法定收益来反映公司的潜力,但还有很多需要考虑的地方。因此,尽管收益质量很重要,但考虑亚太资源目前面临的风险同样重要。在投资风险方面,我们已经向APAC Resources确定了3个警告信号,了解这些信号应该是您投资过程的一部分。
Today we've zoomed in on a single data point to better understand the nature of APAC Resources' profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.
今天,我们放大了单一数据点,以更好地了解亚太资源利润的性质。但是,还有很多其他方法可以让你对公司的看法。有些人认为高股本回报率是优质业务的好兆头。因此,你可能希望看到这份免费收藏的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单。
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。