| Latest Forum Topics / Hi-P |
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HI-P INTERNATIONAL LIMITED
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rlong8288
Master |
06-May-2019 10:17
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I don&rsquo t trust wave at all, got burn couple of times  | ||||
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TraderBen
Supreme |
06-May-2019 09:49
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All the waves dumped into the bin | ||||
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puppey
Veteran |
06-May-2019 09:32
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freefall after XD , chiong too fast up, heading back to where it was few months back..
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investlin78
Senior |
06-May-2019 09:31
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Price may be lower after xd tomorrow, 8May. DYODD | ||||
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TA_Expert
Supreme |
06-May-2019 09:27
Yells: "The World has changed" |
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KimEng continues to call for sell.  ![]() The stock has recovered from $0.80-90 a few months ago to current level. Those who bought few months ago are already sitting on gains. |
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Justice888
Supreme |
06-May-2019 09:23
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Nothing to do with sales. Bec last year it ever drop to $0.73 from $2.80. So investors know lower can get lower so better run first
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Starwar88
Supreme |
06-May-2019 09:02
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Great Singapore sale happening now!! | ||||
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TraderBen
Supreme |
06-May-2019 08:58
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I keyed in sell order | ||||
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rlong8288
Master |
06-May-2019 08:56
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cannot goes against market condition, so heading south.................DYODD | ||||
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rghleex1
Master |
06-May-2019 08:39
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cpy profit 10M, gd prospect@ y price keeps falling, no logic, unless they know, we know not | ||||
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TraderBen
Supreme |
06-May-2019 08:17
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Kim made trump angry.. that?s y he retaliate | ||||
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rghleex1
Master |
06-May-2019 07:58
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Trump spoilt the party | ||||
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TraderBen
Supreme |
06-May-2019 07:55
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Kim the spoiler | ||||
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TraderBen
Supreme |
06-May-2019 07:52
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Expect to open 1.40 and below today | ||||
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WL123456
Supreme |
04-May-2019 01:30
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I think I must copy one of the forumers famous quote LLPSG pte Ltd lol. | ||||
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WL123456
Supreme |
04-May-2019 01:27
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I don?t understand why there are people here who act like they know a lot and then come out and shout like nobody?s business . Page 16 shows the P and L and page 17 shows the balance sheet . And he shout so loud the 10.7 million profit happens because of reversal in accrued bonus expenses lol. If that?s the case , Hi P announce this decrease in accrued expense almost every year . Every year accounting fraud ? Ernst and Young auditor so stupid until cannot recognise the fraud in Bonus accrual in Hi p for so many years ? First this JS fella says the management never clarify what is the reversal on accrued expenses for while clearly the CEO announced its due to Accrued Bonuses paid means the company clawed back some of its announced bonus accrued. Secondly he says the accrued bonus affect the 10.7mil profit ?????? What the fxxx? Hahahahaha.
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Justice888
Supreme |
04-May-2019 01:18
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When cannot convince . Confuse . Lol
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WL123456
Supreme |
04-May-2019 01:15
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And hello, if you are talking about the accrued operating expense , it drop from $80.2mil to $57.2 mil , a drop of $23.6mil . This was explain by the CEO that it is due mainly to lower bonus accrual. AND IF YOU DONT KNOW WHAT IS BONUS ACCRUALS,
LAYMAN , IT MEANS BONUSES WHICH THE COMPANY AWARDED DUE TO FINANCIAL PERFORMANCE BUT YET TO PAID OUT BUT MUST BE ACCRUED AS IT IS INCURRED DURING THE FY. This bonus is contingent on performances. If an employee is good , then the bonus will go to him. If not the company can reverse the accrued bonus which is the case in Hi P. It means lesser payout to the employees and and better for the company as less money are offered as bonus expense . According to SFRS, accrued expenses such as accrued bonus must be recorded but can be reversed if the particular employee do not meet his/her contractual obligation for example the bonus accrued will be reversed if the employee fail to meet the stated contract terms or length of employment . It will in no way affect the current reporting of the Q1, 2019 profit and loss for the quarter. What it affect is the balance sheet . Simply put , I can declare as much accrued bonus as I want and will only pay out if the terms are met . If not I can just reverse it . However my profit for the quarter is independent of the bonus which was accrued earlier . If you looks at the past balance sheet for Hi P this has always been consistent and this amount is even bigger and can amount to hundreds of millions or billions for companies that award bonus performance plan to their employees in prediction of good future performance . Get it ? oh my god........
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WL123456
Supreme |
04-May-2019 00:26
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He says the 10.7mil profit after tax was from reversal of accrued expenses ???? Which part of the income statement stated that ??? Can any financial expert here highlight to me or the rest of the forumers here which part of the 10.7mil profit is due to reversal of accrual expenses ?
All I saw was ($?000) Revenue : $286,765 COGS : $250,595 Other/interest income: $3,493 Expense : S and D : ($3,194) Admin: ($16,436) Finance:( $1,964) Reversal of IL : $81 Others : ($3290) SORA : ($909) SOJV :($5) Profit before Tax: $13,956 Income Tax expense : ($3,296) Net Profit after Tax : $10,660 Which part of the above statement states a $10.7 million in reversal of accrued expenses ?
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WL123456
Supreme |
03-May-2019 23:13
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Haha ok let me quote you . You said hi p 10.6 million profit is merely a reversal of accrued expenses and not from operating profit . Please show me how you derived this info from the income statement ? Hahahah
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