AT (0072) - AT Systematization business turnover?
AT systematization’s had been facing 7 continuous losses in 2015 and 2016 ,all the losses mostly came from fabrication and automation business, but recent released results showed a positive sign of business turn around, the profits are contributed by new renewable energy business and fair value adjustments.
The latest renewable energy contracts which are signed on 2015 November and 2016 march has completely built up by end of 2016 DECEMBER will continue to contribute profits to the company for 21 years! http://www.theedgemarkets.com/my/article/systematization-expects-profit-fy17
Paragraph above is obtained in latest quarterly report Q3 2017, it is the first time that the renewable energy brings profit to offset the other business, and most importantly ,it will continue contribute for 21 years. Notice: Currently Renewable energy(RE) business only contribute less than 10%, the core business is still fabrication.
Figure above shows that the business is turning over after renewable energy has started contributing. At this moment breakeven result is required to gain back confident of shareholders
Technical Analysis
Stock price already in the lowest, will not go down further unless next quarterly result impose losses again
“One of my key focuses [in FY17] is to get the group back to a break-even position and make a slight profit,” its executive director Mak Siew Wei told reporters after the group’s extraordinary general meeting yesterday. http://www.theedgemarkets.com/my/article/systematization-expects-profit-fy17
After AGM, notice stock price and volume have started to pick up.
Will Asiabio stock price and volume have significant impact on AT stock price??
Picture above is obtained from 2016 annual report , the latest update for AT Systematization's largest shareholder is Asiabio Capital Sdn Bhd — a unit of Asia Bioenergy Technology Bhd — which holds an 18.8% stake of its share capital. http://www.theedgemarkets.com/en/node/328353
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AT (0072) - AT Systematization business turnover?
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