Investing is an art and highly emotional and subjective.

When buying stocks, if your buying decisions are based on"insiders' information or rumours" and not sound analysis, then you are gambling. Many investors enter the market when stocks prices are high (lacking of confidence to enter beforehand when prices were low). Once the stocks market crash, they tend to sell out their shares out of fear and pessimism, swearing to "chop off their fingers" and never enter the stocks market again. If such situation happens, all their previous gains may be wiped out and suffered a loss.

Investing is an art and highly emotional and subjective. Subjectivity is largely controlled by our emotions. There are times when we are optimistic or pessimistic. If we are unable to control our emotional weakness, we are unlikely to become successful investors.

To be successful, you must first understand yourself, in particular your emotions and the degree of pressure you can tolerate.

The investors should also analyse the country's economic prospects together with the earnings outlook of the major listed companies.

It is imperative that you like Mathematics as the sound mathematical knowledge plays a key role in investment.

财富為了实现梦想;而非梦想拥有财富 .

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Friday, September 25, 2009

Beyonics posts FY09 net profit of $4.2m on turnover of $1.57b

Mainboard-listed Beyonics Technology, one of the leading integrated manufacturing services providers, today announced its financial results for the financial year ended 31 July 2009 (FY2009).

Beyonics says the group recorded a profit attributable to equity holders of $0.8 million in Q4 FY2009 after incurring a loss of $2.6 million in Q3 FY2009. Revenue in Q4 FY2009 was 17.2% lower than that in Q4 FY2008 but 13.6% higher than that in Q3 FY2009.

Group revenue for the financial year ended 31 July 2009 (FY2009) increased by 11.3% to $1.57 billion compared to the previous financial year (FY2008) of $1.41 billion mainly due to a full year’s revenue contribution of the Seagate PCBA business compared to only 7 months’ contribution in FY2008.

Revenue from the Electronic Manufacturing Services (EMS) division increased by 16.7% to $1.44 billion in FY2009 from FY2008 mainly due to the Seagate PCBA business.

Revenue from the Precision Engineering Services (PES) division decreased by 26.1% to $131.3 million in FY2009 from FY2008 mainly due to the sharp economic downturn which resulted in a significant contraction in the hard disk drive and automotive industries.

Despite higher group revenue, gross profit for FY2009 decreased by 38.4% to $32.7 million from FY2008 mainly due to lower revenue and lower capacity utilisation from the PES division.

Group profit attributable to equity holders of the company for FY2009 decreased by 75.5% to$4.2 million. Accordingly, basic earnings per share (EPS) for FY2009 decreased to 0.78 cents from 3.17 cents in FY2008.

Inventories, trade debtors and trade creditors balances were lower as at 31 July 2009 due to the lower manufacturing activities in the last quarter of FY2009.

The group’s continuous focus on working capital management resulted in a higher cash and bank balances and lower bank borrowings as at July 31, 2009.

Net assets value per share as at July 31, 2009, increased to 55.86 cents, compared with 53.87 cents as at 31 July 2008.

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