SittingPretty wrote:mwekez@ji wrote:They also got screwed by forex loss, only not as hard as KK. ... Good they have reduced their sales of assets (read "other income") and increased they investing activities (read cashflow directed to investing activities. .... Cashflow from operations are quite high compared to previous year
Almost if not all Oil local companies(large) were hard hit by the forex loss more so KK which is presumed to have held huge inventory for an extended period. However your opinion @Mwekezaji between the two KK and TKL which would you bet on in the long term! ( Don't seem to get anything from the numbers)
I have a preference for KK over the long term coz of its very aggressive management and the regional expansion (these 2 things are deficient in TK). I await KK FY12 results to make a move. If they made good money in H2 2012, then its green light for KK even in the short run. However, if they dint make good money in H2, or worse deliver a loss in the H2, then things will be really bad at the counter over the short run
Point to note about TK is that the share price lagged in 2012 in line with the financial performance. 2013, the counter should do well in line with better financial performance. This makes it a good counter to speculate in the short run