Dear all, Midas issued a positive profit alert yesterday. It cited “…based on the Board’s preliminary review of the unaudited management accounts of the Group for the year ended 31 December 2016, the Group expects to record a substantial increase by over 70% in its profit attributable to owners of the Company for the year ended 31 December 2016 as compared to the same period of previous year. Such increase was mainly attributable to the contribution from our Aluminium Stretched Plates Division which we completed the acquisition on 27 July 2016.” What does this mean? My personal take on the above statement Based on my two cents’ worth, there are two pertinent points in the short paragraph above. Firstly, according to Midas’ above statement, it is possible to do some back of the envelope calculations. FY16F net profit is likely to be approximately RM97m, so that it is ......