Coraza: -3 consecutive low revenue and low net income in a row -low asset turnover but maintaining high inventory -the trend of lower profit from core operation can be seen since Q2 22, Q3 22 & Q1 23 -non operating income is higher than core income is seen as not a sustainable business -cash operating activities is negative -free cash flow is negative
"New" listed companies tend to have a few good years post IPO followed by more "realistic" returns. I think we are just seeing this pattern. If you are a fundamental investor, wait for a bit more history before making any analysis
I have no idea why this guy plunge so much but according to their PAT is very bad which is half of the previous quarter. 4 times lower comparing qtq. If they don't get at least 4mill in the next quarter then it's hard to see the price action to hover around RM1. I dont wanna average down and no bullet anymore as well.
Azuan aint sure where do you get the info Oct market would crash. Coraza is already semi-crash since 2 quarters ago. I am heavily investing here because their FCF is intact even though their revenue is way lower than previous earning. Besides, their gearing ratio has improved with regards of their lower PAT. I dont worry about this company much anymore because i dont think the worst going to happened next because this round of revenue is considered as the lowest in the demand result.
You might see valuation is bad but their liquidity and debt are really good. So no harm to invest now and keep it for couple months. Enjoy your rides guys
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....