Thread,
18% earnings growth and the price drops 8% - strange!!
Considering the situation in Asia, a very good report.
6% year to year earnings growth reflecting the anticipated decline in revs for Kwanasia
18% Earnings growth representing the strength of Jetcrown and Kwanta with lower minority interest expense of Kwanasia
10% EPS growth after 2.6% added dilution. IMO - end of year stock options granted because of the 48% past year growth. Should remain constant through the rest of the year.
First read:
Mr. Lau's statement is as expected - Difficult times but they've made the necessary adjustments. It isn't as pessimistic as I expected
Depreciation and amortization of $968K - cash from ops of $4.13M - nice
Property, plant, and equipment purchases of $651K - new Kwanasia facilities?
Inventories very high with $4,063K raw material, $3,610K work in progress, $1,131 finished. This would normally indicate good order visibility going forward.
21.5% Jetcrown growth, 61.9% Kwanta, offset by 18.9% decrease for Kwanasia due to poor PCB assembly as more or less expected
Everything seems to be going as well as we could hope if it weren't for the Mita news. I would like to see Deswell make a PR indicating any impact this may have on the company.
FWIW,
Ron
|
