Powermatic Data Systems

[dreamybear]

Instead of which.....nothing. Full Year: https://links.sgx.com/FileOpen/Full_year...eID=623484

Net profit up 25%, profit attributable to owners down 16%.

I think  it may be prudent to factor in a decline in revenue and possibly profit moving fwd, as well as perhaps a 10% decline(estimate) in the valuation of the freehold property due to the covid crisis.

=======

Section 10 (Pg 6) of FY Results (emphasis mine)
"In the midst of such uncertainties, the Group expects the operating environment to remain challenging in the next 12 months. Revenue and gross profit margins are expected to decline as customers whose businesses are badly impacted by Covid-19 are cutting back their orders or deferring their project launches."

----------------

Singapore’s economic situation remains dire, with recovery likely to be ‘slow and uneven’: MAS
https://www.channelnewsasia.com/news/bus...t-12937816