Original link: https://mercurychong.blogspot.com/2023/08/blog-post_27.html
The performance of the coffee machine just out of the oven exceeded my expectations again.
On the surface, the profit seems to have regressed a lot compared to the previous quarter, but the previous quarter included a one-time profit of 11.3 million from the sale of assets, and compared with it, it was actually a slight improvement.
Compared with the same quarter of last year, except for the loss of tax advantage that everyone already knows, its pre-tax profit has actually improved a lot. The coffee machine has made up for part of the tax disadvantage with its consistent hard power and strong US dollar. , in this transition period of digesting the tax burden, a 20% retreat from expectations is not bad.
One of the small surprises in the quarterly report is the management’s outlook for the future, which has been changed from “the US dollar revenue is expected to be flat with last year” in the previous quarter to “high single-digit growth is expected”. For coffee machines, which have always been cautious and conservative As far as the management is concerned, it is a rare rhetoric. If the revenue can grow as expected and the exchange rate can maintain the current advantage, then the tax issue may be neutralized much earlier than imagined.
As for the biggest surprise of this quarter’s quarterly report, it is undoubtedly that the coffee machine that I have held for more than ten years has only paid dividends in the third and fourth quarters. This time, it actually started paying dividends in the second quarter. It is always a good thing to increase the number of dividends, but it is always a good thing to be able to pay salaries earlier, and the rest will be left to time to answer. Anyway, thank you Coffee Maker for an early birthday present to Mercury Bear.
In general, even with an uncontrollable tax burden, the coffee machine can still maintain a consistent and stable style of operation. It is not the most explosive stock price, nor is it the best company, but it is indeed a company suitable for dividends. good company.
In addition to thinking about data, the test that the coffee machine faced this year also gave Mercury Xiong some insights into life.
The Mercury bear knows that in life, we are more or less like a coffee machine, and have been slapped by life.
Do a job you don’t like, force a smile on someone you don’t like, eat food you don’t like, love someone you don’t like.
But this is life. When we are tortured to pieces, we still have to think about how to live better, no one is an exception.
Some people who laugh all day long cry silently when they lie on the bed after returning home; some people who are usually admired by the stars may have to bear it by themselves when they encounter difficulties.
So, no one is easy.
So if you are wronged and painful, if you can solve it yourself, try not to bother others.
When I fell down when I was a child, I immediately cried loudly, and wanted my parents to hug you distressedly after seeing it; when I grew up, I fell down, covered my mouth and gritted my teeth, and then smiled and said to them, it’s okay, really It’s okay, it doesn’t hurt.
In fact, it’s not that there is no pain, but that they finally understand that when you are in pain, they can’t help much.
I think of Cai Kangyong once said such a passage:
When you feel very frustrated and feel very difficult, you can close your eyes and imagine yourself.
Imagine yourself ten years from now, standing some distance away, and turning your head to see the things you are encountering now.
Then you practice doing this again, and you may feel a little calmer. Because you know that everything in front of you will eventually pass.
It is people who get better, and then life.
The same goes for investing.
It’s the company that gets better, and then the stock price.
Book online shopping link (Malaysia): “Dividend Road for Migrant Workers”
Book online shopping link (Singapore): “Dividend Road for Migrant Workers” SG
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