World Precision Machinery

[sgmystique]

Second quarter result out

http://infopub.sgx.com/FileOpen/2Q2017%2...eID=466640

Top line up 21% qtq
Bottom line up 1.2% qtq
Gross profit up 10.5% qtq
Debt reduced from 98mil rmb to 68mil rmb
Nav up from 0.512 to 0.524

The Group’s order book stood at RMB203.6 million as at 5 August 2017 compared to 169.1mil previous quarter.

Rev surge with increasing orders in expense of some profit margin decay. Quite a good set of result, wp will likely transition to debtless by Q4 if demand continues. We should expect a div payout this year for Q3 or Q4. See how it goes.

Seems like the market does not expect any good news from World Precision, with somebody using CIMB Securities to throw down another 99 lots at upto a 52 week low of $0.185  today.

Will be keenly awaiting their 3Q17 results (3Q16 results were out on 14 Nov 2016)...