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We Think That There Are Some Issues For MYP (SGX:F86) Beyond Its Promising Earnings

We Think That There Are Some Issues For MYP (SGX:F86) Beyond Its Promising Earnings

我們認為,除了盈利前景看好之外,MYP(SGX:F86)還有一些問題
Simply Wall St ·  2022/06/07 06:31

MYP Ltd.'s (SGX:F86) robust recent earnings didn't do much to move the stock. However the statutory profit number doesn't tell the whole story, and we have found some factors which might be of concern to shareholders.

MYP有限公司的(新加坡證券交易所股票代碼:F86)近期強勁的收益對股價影響不大。然而,法定利潤數字並不能説明全部情況,我們發現了一些可能引起股東關注的因素。

See our latest analysis for MYP

查看我們對MYP的最新分析

SGX:F86 Earnings and Revenue History June 6th 2022
新交所:F86收益和收入歷史2022年6月6日

The Impact Of Unusual Items On Profit

異常項目對利潤的影響

For anyone who wants to understand MYP's profit beyond the statutory numbers, it's important to note that during the last twelve months statutory profit gained from S$2.2m worth of 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. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And, after all, that's exactly what the accounting terminology implies. If MYP doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.

對於任何想要了解MYP利潤超出法定數字的人來説,重要的是要注意到,在過去12個月裏,從價值220萬新元的不尋常項目中獲得了法定利潤。我們不能否認,更高的利潤通常會讓我們保持樂觀,但如果利潤是可持續的,我們更願意這樣做。當我們分析全球絕大多數上市公司時,我們發現重大的不尋常項目往往不會重複。畢竟,這正是會計術語所暗示的。如果MYP沒有看到這一貢獻再次出現,那麼在其他條件相同的情況下,我們預計其利潤將在本年度下降。

Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of MYP.

注:我們總是建議投資者檢查資產負債表的實力。點擊此處進入我們對MYP的資產負債表分析。

Our Take On MYP's Profit Performance

我們對MYP利潤表現的看法

Arguably, MYP's statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that MYP's true underlying earnings power is actually less than its statutory profit. On the bright side, the company showed enough improvement to book a profit this year, after losing money last year. At the end of the day, it's essential to consider more than just the factors above, if you want to understand the company properly. If you want to do dive deeper into MYP, you'd also look into what risks it is currently facing. Our analysis shows 4 warning signs for MYP (1 is a bit concerning!) and we strongly recommend you look at them before investing.

可以説,MYP的法定收益被不尋常的提振利潤的項目扭曲了。因此,在我們看來,MYP的真實潛在盈利能力實際上低於其法定利潤是可能的。好的一面是,該公司在去年虧損後,表現出了足夠的改善,今年實現了盈利。歸根結底,如果你想正確地瞭解這家公司,除了以上幾個因素之外,考慮其他因素也是至關重要的。如果你真的想更深入地研究MYP,你還應該看看它目前面臨的風險。我們的分析顯示MYP的4個警告信號(1有點令人擔憂!)我們強烈建議你在投資之前先看看它們。

Today we've zoomed in on a single data point to better understand the nature of MYP'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. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks that insiders are buying.

今天,我們放大了一個數據點,以更好地理解MYP利潤的本質。但如果你有能力將注意力集中在細枝末節上,總會有更多的東西需要發現。例如,許多人認為高股本回報率是有利的商業經濟指標,而另一些人則喜歡“跟着錢走”,尋找內部人士正在買入的股票。所以你可能想看看這個免費擁有高股本回報率的公司的集合,或內部人士正在購買的這份股票清單。

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.

對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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