SMRTECH

发表时间: 2006-5-27 22:02    作者: jackphang    来源: LC金融超級市場

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我也来说两句 查看全部评论 相关评论

• jackphang (2006-5-29 18:11:49)

  Today rise too fast le.
  
  I couldn't get enough time to prepare the data.
  
  Background : provide HRD software and trainning. Currently the customers is all over the world, mainly is from Malaysia.
  
  Potential : Quite ok, because it got some awards before.
  
  Management :
  
  Fianance Position : OK
  
  Earning Power : ROE is 15% above.
  
  Risk : - Small Company.
          - Scare of loss contract coming in.
          - The rising rate of RM

• jackphang (2006-6-25 21:52:08)

  我们来看看它的Balance Sheet :
  
  Long Term Asset:
  1. PPE 1.34M
  2. GoodWill On Consolidation 6.6M
  3. Intangible Asset 0.32M
  4. Development Cost 3.59M
  
  Current Asset:
  1. FD 8.0M
  2. Trade Receivables 3.48M
  3. Other Receivables 0.21M
  4. Cash & Cash equivalents 1.5M
  
  Current liabilities:
  0.57 M
  
  Net Current Asset(working Capital):
  12.64M
  
  Equities:
  Share Capital 10M
  Share Premium 8.4M
  Reserves 6.0M
  
  Long Term Liabilities:
  0.07M
  
  从这里我们可以发现到其Long Term Asset 多数是由Intangible Asset 组成。
  
  其中GoodWill On Consolidation 的由来是从其以溢价收购其子公司。而Development Cost 则是其R&D的费用。
  
  而其Net Cash From operation 则呈负数，占了Revenue的一半。
  
  所以，这间公司还是在观察阶段，一旦任何不利数字出现，可考虑出场。
  
  有利因素是其正在扩展营业额，一些新产品在研究阶段。
  这间公司不完全是靠软件，部分业务是提供培训服务。
  
  由于此间公司尚年轻，所以要留意的是其管理层的决策。

• jackphang (2006-6-25 21:56:50)

  http://smrhub.com
  
  最近收到其EMAIL，原来它还有通过电话赚钱的生意。(TELE-COURSE)
  主要是Dr. Palan拥有专业的知识。
  
  由于不是很了解此公司的运作，所以需要多多观察。

• jackphang (2006-6-29 18:26:48)

  The Capital Expenditure is starting, which is 2.0M RM to buy a building and renovation + equipment.
  
  So, Net Cash From Investment will become negative so much on coming quarter report. And the current asset will change to long term asset. For the new buildings come in, that means more workers will be hired.
  
  This is normal situation when company is expanding.
  
  So it could be a very ugly cash flow for coming quarter report.
  
  So actually i just speculate that this company will remain the supernomal grow rate until 2008. (from learning, if revenue grow, but earning no grow, must be alert)
  
  
  and it will be more stable after this.
  
  [ Last edited by jackphang on 2006-6-29 at 07:02 PM ]

• 开番 (2006-6-30 21:11:22)

  这支股最近有动静。但是做高了几天之后。频频遇见卖压。我个人看法，不是该追涨的股象。
  
  [ Last edited by 开番 on 2006-6-30 at 09:16 PM ]

• gibson_ong (2006-10-25 09:42:53)

  SMRTECH的上升架式基本上已经形成.也是只趋势股.值得一玩.

  
  smrtech.jpg

• gibson_ong (2006-11-20 22:04:52)

  smrtech玩完!!

  
  smrtech.jpg