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Sunday, 6 July 2014

Cash - Closing Status 4 July

Added CM Pacific 14 lots in this week as part of usual and active Cash stock holdings re-balancing; total stock holding in it now at 15 lots.  For its 1Q2014 financial results, revenue +6% driven by the revenue growth from Yongtaiwen Expressway which accounted for 80% of its revenue.  Profit +14% driven by higher profit contribution from its toll road assets and the recognition of deferred income and effective interest income on compensation receivable from the relocation of certain toll stations along the Guihuang Highway. This was partly offset by higher finance costs and withholding tax and lower exchange gain.

Divested away Super Group 2 lots in this week as part of usual and active Cash stock holdings re-balancing for $91 nett gain.  For its 1Q2014 financial results, revenue -6% due mainly to lower branded consumer and food ingredient sales. Gross profit margin +1% due mainly to effective costs management.  Selling and distribution expenses +1% as it continued to step up its advertising and promotional campaigns.  The end of the amortization of deferred gain, together with higher administrative expenses incurred for the Group’s expanded production facilities, resulted in general and administrative expenses +11%.  Profit -19%.  Thailand is a key branded consumer markets, the civil unrest in Thailand has an adverse impact on its businesses.   It will closely monitor the development in Thailand and will take appropriate actions to mitigate the impact on its businesses.  Raw material costs and currency fluctuations will affect its operating performance, and it expects market conditions to remain competitive in the next twelve months.
Cash stock holdings walk since previous posting :-

+$9,855 Total Returns as of 27 June

+$91 Nett gain on sales of Super Group

+$1,079 Unrealised positions improved

+$11,025 Total Returns as of 4 July

Previous posting :- Cash - Closing Status 27 June

Remarks :- Profits locked in to-date $17,096 / year 2014 $5,603

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