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There May Be Underlying Issues With The Quality Of Tiong Woon Corporation Holding's (SGX:BQM) Earnings

There May Be Underlying Issues With The Quality Of Tiong Woon Corporation Holding's (SGX:BQM) Earnings

中云控股(新加坡证券交易所股票代码:BQM)的收益质量可能存在潜在问题
Simply Wall St ·  02/22 06:20

Tiong Woon Corporation Holding Ltd's (SGX:BQM) robust earnings report didn't manage to move the market for its stock. Our analysis suggests that this might be because shareholders have noticed some concerning underlying factors.

Tiong Woon Corporation Holding Ltd(新加坡证券交易所股票代码:BQM)强劲的收益报告未能推动其股票的市场走势。我们的分析表明,这可能是因为股东已经注意到了一些相关的潜在因素。

earnings-and-revenue-history
SGX:BQM Earnings and Revenue History February 21st 2024
新加坡证券交易所:BQM 收益和收入历史记录 2024 年 2 月 21 日

How Do Unusual Items Influence Profit?

不寻常的物品如何影响利润?

To properly understand Tiong Woon Corporation Holding's profit results, we need to consider the S$4.6m gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. We ran the numbers on most publicly listed companies worldwide, and it's very common for unusual items to be once-off in nature. And, after all, that's exactly what the accounting terminology implies. Assuming those unusual items don't show up again in the current year, we'd thus expect profit to be weaker next year (in the absence of business growth, that is).

为了正确了解中云控股的利润业绩,我们需要考虑不寻常项目带来的460万新元收益。我们不能否认更高的利润通常会让我们感到乐观,但如果利润是可持续的,我们更愿意这样做。我们统计了全球大多数上市公司的数字,不寻常的物品在自然界中很常见。而且,毕竟,这正是会计术语的含义。假设这些不寻常的项目在本年度不会再次出现,因此我们预计明年的利润将疲软(也就是说,在业务没有增长的情况下)。

That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.

这可能会让你想知道分析师对未来盈利能力的预测。幸运的是,您可以单击此处查看根据他们的估计描绘未来盈利能力的交互式图表。

Our Take On Tiong Woon Corporation Holding's Profit Performance

我们对中云控股盈利表现的看法

Arguably, Tiong Woon Corporation Holding's statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that Tiong Woon Corporation Holding's true underlying earnings power is actually less than its statutory profit. But the good news is that its EPS growth over the last three years has been very impressive. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. Keep in mind, when it comes to analysing a stock it's worth noting the risks involved. For example - Tiong Woon Corporation Holding has 2 warning signs we think you should be aware of.

可以说,Tiong Woon Corporation Holding的法定收益被提高利润的不寻常项目所扭曲。因此,在我们看来,Tiong Woon Corporation Holding的真正基础盈利能力实际上可能低于其法定利润。但好消息是,其在过去三年中的每股收益增长非常令人印象深刻。本文的目标是评估我们在多大程度上可以依靠法定收益来反映公司的潜力,但还有很多需要考虑的地方。请记住,在分析股票时,值得注意所涉及的风险。例如,Tiong Woon Corporation Holding有两个警告标志,我们认为你应该注意。

Today we've zoomed in on a single data point to better understand the nature of Tiong Woon Corporation Holding's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying to be useful.

今天,我们放大了单一数据点,以更好地了解中云控股利润的性质。但是,如果你能够将注意力集中在细节上,总会有更多的事情需要发现。例如,许多人认为高股本回报率是有利的商业经济的标志,而另一些人则喜欢 “关注资金”,寻找内部人士正在买入的股票。虽然可能需要你进行一些研究,但你可能会发现这份免费收集的拥有高股本回报率的公司,或者这份内部人士正在购买的股票清单很有用。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

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