Latest news with #NamCheong
South China Morning Post
4 days ago
- South China Morning Post
Hong Kong man blames mental illness for stabbing elderly father to death
A 35-year-old Hong Kong clerk who cut and stabbed his father more than 80 times in the family home following an argument has maintained that he was not at fault for killing him because he was mentally unstable. Lee Man-lok pleaded guilty at the High Court on Thursday to manslaughter on the basis of diminished responsibility for fatally assaulting Lee Hok-choi, 78, on October 11, 2021. Prosecutors agreed to reduce the original murder charge after three psychiatrists concluded the defendant's ability to form rational judgment and exercise self-control was substantially impaired by schizophrenia. Asked whether he agreed with the prosecution's summary of the case, the defendant confirmed that he did but said: 'Because this is due to my mental illness [prompting me to] kill my father, I think this is not my fault.' Mr Justice Anthony Kwok Kai-on said he considered the remark a plea for mitigation and urged the defendant to leave any submission in court to his lawyers. The court heard that at the time of the offence, the accused was staying at a rehabilitation hostel in Nam Cheong following his release from a psychiatric hospital, while his family had lived in Kwai Chung's Yin Lai Court for around 30 years. The father's neighbour alerted police after hearing screams for help from his flat at around 4.40pm that day.
Yahoo
5 days ago
- Business
- Yahoo
Nam Cheong (SGX:1MZ) Is Very Good At Capital Allocation
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key financial metrics. One common approach is to try and find a company with returns on capital employed (ROCE) that are increasing, in conjunction with a growing amount of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. With that in mind, the ROCE of Nam Cheong (SGX:1MZ) looks great, so lets see what the trend can tell us. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Just to clarify if you're unsure, ROCE is a metric for evaluating how much pre-tax income (in percentage terms) a company earns on the capital invested in its business. To calculate this metric for Nam Cheong, this is the formula: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.28 = RM295m ÷ (RM1.3b - RM208m) (Based on the trailing twelve months to March 2025). Therefore, Nam Cheong has an ROCE of 28%. In absolute terms that's a great return and it's even better than the Machinery industry average of 4.4%. Check out our latest analysis for Nam Cheong While the past is not representative of the future, it can be helpful to know how a company has performed historically, which is why we have this chart above. If you want to delve into the historical earnings , check out these free graphs detailing revenue and cash flow performance of Nam Cheong. The trends we've noticed at Nam Cheong are quite reassuring. The numbers show that in the last five years, the returns generated on capital employed have grown considerably to 28%. The company is effectively making more money per dollar of capital used, and it's worth noting that the amount of capital has increased too, by 69%. So we're very much inspired by what we're seeing at Nam Cheong thanks to its ability to profitably reinvest capital. On a related note, the company's ratio of current liabilities to total assets has decreased to 17%, which basically reduces it's funding from the likes of short-term creditors or suppliers. So shareholders would be pleased that the growth in returns has mostly come from underlying business performance. To sum it up, Nam Cheong has proven it can reinvest in the business and generate higher returns on that capital employed, which is terrific. Since the stock has only returned 20% to shareholders over the last five years, the promising fundamentals may not be recognized yet by investors. So with that in mind, we think the stock deserves further research. On a separate note, we've found 4 warning signs for Nam Cheong you'll probably want to know about. If you want to search for more stocks that have been earning high returns, check out this free list of stocks with solid balance sheets that are also earning high returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
Yahoo
21-05-2025
- Business
- Yahoo
Nam Cheong's (SGX:1MZ) Anemic Earnings Might Be Worse Than You Think
The subdued market reaction suggests that Nam Cheong Limited's (SGX:1MZ) recent earnings didn't contain any surprises. However, we believe that investors should be aware of some underlying factors which may be of concern. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Importantly, our data indicates that Nam Cheong's profit received a boost of RM441m in unusual items, over the last year. While it's always nice to have higher profit, a large contribution from unusual items sometimes dampens our enthusiasm. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And that's as you'd expect, given these boosts are described as 'unusual'. Nam Cheong had a rather significant contribution from unusual items relative to its profit to March 2025. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power. Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Nam Cheong. As we discussed above, we think the significant positive unusual item makes Nam Cheong's earnings a poor guide to its underlying profitability. For this reason, we think that Nam Cheong's statutory profits may be a bad guide to its underlying earnings power, and might give investors an overly positive impression of the company. In further bad news, its earnings per share decreased in the last year. Of course, we've only just scratched the surface when it comes to analysing its earnings; one could also consider margins, forecast growth, and return on investment, among other factors. If you want to do dive deeper into Nam Cheong, you'd also look into what risks it is currently facing. In terms of investment risks, we've identified 4 warning signs with Nam Cheong, and understanding them should be part of your investment process. Today we've zoomed in on a single data point to better understand the nature of Nam Cheong's profit. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. 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 with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
Yahoo
20-05-2025
- Business
- Yahoo
Parkson Retail Asia's earnings up 21.1% y-o-y to $14.7 mil due to higher sales
The group has declared a dividend of 4 cents per ordinary share. Parkson Retail Asia has reported earnings of $14.7 million for 1QFY2025 ended March 31, 2025, up 21.1% y-o-y. Earnings per share for the reporting period came in at 2.18 cents up from the 1.80 cents reported in the previous year. The group's revenue for the reporting period came in 8.3% y-o-y higher at $67.2 million, and profit before tax came in higher at $19.9 million mainly due to higher sales during the period. The group's net cash inflow from operating activities came in at $42.3 million for 1QFY2025. The group's cash and cash equivalents came in at $28.6 million, generally in line with the cash collections during the Hari Raya festive season. The group has declared a dividend of 4 cents per ordinary share. Shares in Parkson Retail Asia O9e closed flat 6.7 cents on May 14. 05 mil for 1QFY2025 Offshore support vessel provider Nam Cheong earnings up 20% y-o-y to RM31.1 mil for 1QFY2025 Geo Energy's earnings grew 63% to US$14.1 mil for 1QFY2025 due to improved coal access Read more stories about where the money flows, and analysis of the biggest market stories from Singapore and around the World Get in-depth insights from our expert contributors, and dive into financial and economic trends Follow the market issue situation with our daily updates Or want more Lifestyle and Passion stories? Click here
Yahoo
14-04-2025
- Business
- Yahoo
We Believe Nam Cheong's (SGX:1MZ) Earnings Are A Poor Guide For Its Profitability
Even though Nam Cheong Limited (SGX:1MZ) posted strong earnings recently, the stock hasn't reacted in a large way. We decided to have a deeper look, and we believe that investors might be worried about several concerning factors that we found. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Many investors haven't heard of the accrual ratio from cashflow, but it is actually a useful measure of how well a company's profit is backed up by free cash flow (FCF) during a given period. In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. This ratio tells us how much of a company's profit is not backed by free cashflow. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". For the year to December 2024, Nam Cheong had an accrual ratio of 1.00. Ergo, its free cash flow is significantly weaker than its profit. Statistically speaking, that's a real negative for future earnings. To wit, it produced free cash flow of RM93m during the period, falling well short of its reported profit of RM785.2m. Notably, Nam Cheong had negative free cash flow last year, so the RM93m it produced this year was a welcome improvement. However, that's not all there is to consider. We can see that unusual items have impacted its statutory profit, and therefore the accrual ratio. Check out our latest analysis for Nam Cheong Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Nam Cheong. Given the accrual ratio, it's not overly surprising that Nam Cheong's profit was boosted by unusual items worth RM441m in the last twelve months. 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. We can see that Nam Cheong's positive unusual items were quite significant relative to its profit in the year to December 2024. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power. Nam Cheong had a weak accrual ratio, but its profit did receive a boost from unusual items. For all the reasons mentioned above, we think that, at a glance, Nam Cheong's statutory profits could be considered to be low quality, because they are likely to give investors an overly positive impression of the company. If you'd like to know more about Nam Cheong as a business, it's important to be aware of any risks it's facing. For instance, we've identified 3 warning signs for Nam Cheong (1 is significant) you should be familiar with. In this article we've looked at a number of factors that can impair the utility of profit numbers, and we've come away cautious. But there are plenty of other ways to inform your opinion of a company. 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 with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) 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.
