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Cheung Woh Technologies
05-01-2018, 08:35 AM.
Post: #191
RE: Cheung Woh Technologies
The Group expects to report a loss for 3QFY2018 as the production of Baseplates has not
reached its target yield. Production was also disrupted due to the following reasons:

(i) Down-time to repair and reset some machines that were damaged by heavy rainfall
caused by Typhoon Hato.
(ii) There was a temporary shortage of manpower as some workers had left after the

Wonder if they have insurance for it? Smile
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 

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16-04-2018, 05:38 PM.
Post: #192
RE: Cheung Woh Technologies
Profit Guidance for 4QFY2018

Cheung Woh Technologies Ltd issued a profit guidance in respect of the fourth quarter financial results for the period ended 28 February 2018 ("4QFY2018").

The Group expects to report a loss for 4QFY2018 due to the following reasons:
(i) Lower turnover in Baseplates in February 2018 due to long shut down period in China for Chinese New Year
(ii) Headcount depletion before and after Chinese New Year led to hiring of temporary subcontract workers with higher wages
(iii) There was a one-time amortisation expense arising as a result of change in useful life of toolings and fixtures used in the manufacturing of Baseplates
(iv) There was an allowance for impairment on equipment that are no longer required in the manufacturing of Baseplates
(v) There was a write-off of tools and equipment and renovation damaged by Typhoon Hato
(vi) There was staff cost incurred due to internal restructuring
(vii) Costs incurred to repair machinery and equipment damaged by the typhoon.

The profit guidance is based on preliminary review of the Group’s unaudited financial results for 4QFY2018. Further details on the Group’s performance will be disclosed when the company releases the unaudited financial statements for 4QFY2018 on or before 27 April 2018.
Specuvestor: Asset - Business - Structure.
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