Cheetah eyes double-digit growth

Cheetah eyes double-digit growth

Talk is cheap because supply exceeds demand.

Yeah.. just remembered that little quote I read in my Auntie's site... :D (see i do baca one lah)

Here is what ze Cheetah boosie is saying in that article (or could it be the business reporter got it all wrong?)

1. Cheetah is ze market leader in the local sports and casual apparel industry.
2. It aiming for double-digit growth in revenue for its financial year ending June 30, 2006.

Ok fair enough.

Let's ASS-U-ME that fact one is indeed true and that Cheetah is indeed the market leader and then of course one cannot really fault another for aiming high and having an ambition right?

Tiok boh?

Of course, i can easily blog that i aim to achieve an annual compounded investment return of 12% for the next ten years. That's my aim. My investment ambition but whether i can achieve it onot is another story. And more important, whether i have the ability and the skills to actually achieve my aims is another story.

Tiok boh?

Back to Cheetah.

Cheetah was listed January 2005. IPO price was 75 sen.

And this is how Cheetah has performed since listing. Yeah .. before i continue, i would like to state the fact that 3 quarterly earnings is never ever enough to gauge and rate a company..

but... but... buttt.....

sometimes.... certain trends in the earnings does emit some worrying signs...

anywayyyyyyy for all its worth, the following is Cheetah's quarterly earnings since listing.

05 Q2 net earnings = 5.638 million
05 Q3 net earnings = 1.675 million
05 Q4 net earnings = 0.304 million

How? Since listing, Cheetah's quarterly earnings is less and less.

Yes, the apparel business is highly seasonal in nature... there will be months where the business will really pak the Wu-Ying...

how?

With such a quarterly earnings track record, do u think this company is letting go tons of hot-air in an attempt to promote the company and the stock? Yalor, do u think that talk is indeed cheap?

Or would u have faith in the company?

Any Cheetah lovers out here?

ps..

Waahhh....stock last traded at 0.415. Them IPO investors wouldn't be too darn happy with the stock performance!