Watta Holdings Berhad is a Malaysia-based company engaged in investment holding and the provision of management services. The Company has three segments: Trading, which is involved in the marketing and distribution of automotive batteries and related products; Services, which is involved in the marketing and distribution of telecommunication equipment and related products, and Investment holding. During the fiscal year ended September 30, 2009, the Company has four subsidiaries, namely Watta Battery Industries Sendirian Berhad, Syarikat Perniagaan Leko Sdn. Bhd., Watta Energy (M) Sdn. Bhd. And Mega Meranti Sdn. Bhd.
From its last 5 years earning record, company registered 4 continuous financial years lost from year 2005 to 2008, but achieved a earning at year 2009. Is it mean the company already recover and back to business?
Hold a second, lets us look at its revenue. Revenue was decreasing continually since year 2005 to 2009.
What this mean? This mean there are something wrong with this business, either they cannot compete with market or their products are not demanding anymore.
Remarks: Above statement is my personal point of view, it doesn't recommend any sell or buy.
Watta Battery is doing successfully well now and looks like its future is very promising.
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