I bought Super Coffeemix Manufacturing Ltd AGAIN on 13th August 2009
Rationale
Super Coffeemix just announced its 2Q 2009 results which I deemed as encouraging (though not as superb without its fair value adjustments on its investment securities).
Performance over the last several quarters
The table below summarises its quarter performance:
A few things to note:- Operating profit seems to bottom out in 4Q 2008.
- Ignoring fair value adjustments of its investment securities, net profit seems to bottom out only in 1Q 2009.
- Revenue also seems to bottom out in 1Q 2009.
It remains to be seen whether improvements in 2Q 2009 is sustainable but looking the general numbers, its performance does seems encouraging enough (to me) to re-enter into Super Coffeemix... again.
Labels: My Actions, Super Coffeemix, supercoffeemix
posted by Market Uncle at
10:18
1 Comments:
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