FAJAR (7047) released their Q4 result, quite disappointed with it, QoQ and YoY both drop >50%.
Looking into each segment, all are under perform compared to Q4 2017 except construction. FAJAR's revenue are mainly contributed by Construction, Timber and Property Development. however, the segment that contribute the most to it profit margin are Timber & Property Development, and both of this segments are bad. Even the revenue from the Construction sector has improved a lot, but the contribution to the profit margin is significantly lower compare to the 2 key main segments.
Prospect:The only positive point is the management kind of confident that Timber business is coming back, the rest seems like still expect to struggle for a while... what the f.. hahaha
Share price to day had slit ~11%. It had came to my cut loss point, If Monday have no sign of recovery, than i have to cut loss despite the bad performance and the uncertain future profit.
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