Latest news with #OVH
Yahoo
07-05-2025
- Business
- Yahoo
We Think Ocean Vantage Holdings Berhad's (KLSE:OVH) Solid Earnings Are Understated
Ocean Vantage Holdings Berhad's (KLSE:OVH) healthy profit numbers didn't contain any surprises for investors. We think this is due to investors looking beyond the statutory profits and being concerned with what they see. We've discovered 4 warning signs about Ocean Vantage Holdings Berhad. View them for free. KLSE:OVH Earnings and Revenue History May 7th 2025 Examining Cashflow Against Ocean Vantage Holdings Berhad's Earnings In high finance, the key ratio used to measure how well a company converts reported profits into free cash flow (FCF) is the accrual ratio (from cashflow). In plain english, this ratio subtracts FCF from net profit, and divides that number by the company's average operating assets over that period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. Therefore, it's actually considered a good thing when a company has a negative accrual ratio, but a bad thing if its accrual ratio is positive. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. That's because some academic studies have suggested that high accruals ratios tend to lead to lower profit or less profit growth. Ocean Vantage Holdings Berhad has an accrual ratio of -1.15 for the year to December 2024. That implies it has very good cash conversion, and that its earnings in the last year actually significantly understate its free cash flow. Indeed, in the last twelve months it reported free cash flow of RM46m, well over the RM6.36m it reported in profit. Ocean Vantage Holdings Berhad's free cash flow improved over the last year, which is generally good to see. However, that's not all there is to consider. The accrual ratio is reflecting the impact of unusual items on statutory profit, at least in part. Check out our latest analysis for Ocean Vantage Holdings Berhad Note: we always recommend investors check balance sheet strength. Click here to be taken to our balance sheet analysis of Ocean Vantage Holdings Berhad. How Do Unusual Items Influence Profit? While the accrual ratio might bode well, we also note that Ocean Vantage Holdings Berhad's profit was boosted by unusual items worth RM13m in the last twelve months. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's as you'd expect, given these boosts are described as 'unusual'. Ocean Vantage Holdings Berhad had a rather significant contribution from unusual items relative to its profit to December 2024. As a result, we can surmise that the unusual items are making its statutory profit significantly stronger than it would otherwise be.
The Guardian
07-04-2025
- Entertainment
- The Guardian
From bedroom to boardroom: is Britain ready for M&S luxe outdoor pyjamas?
For me, putting on a pair of pyjamas usually means time to take off my makeup. So it feels a little strange to instead be applying a full face as I prepare to leave my flat wearing a pair of PJs. At first glance, it might look like I haven't bothered to get dressed this morning, but I am road-testing Marks & Spencer's new fashion collaboration. The retailer is gearing up to release what it calls 'the most luxurious pyjamas the high street has ever seen'. It has teamed up with Olivia von Halle, a British designer known for her fancy silk PJs that sell for upwards of £600. From Tuesday, at M&S you'll be able to pick up a similar set for £55. Jennifer Lopez, Kate Moss and Gwyneth Paltrow are all fans of OVH – as she is known in the industry – and like to wear her sleepwear designs for, presumably, sleeping but also for running errands in and even going to fancy events. Daytime PJs are championed by the catwalks, too. This season, designers including Burberry, Calvin Klein and Prada featured jimjams in their collections. Now M&S customers can embrace the trend, too. Like many, I have taken the bins out in my PJs and I regularly spot parents dropping their kids at the school gates in last night's sleepwear. But choosing to wear pyjamas publicly rather than covertly seems much more Hollywood than Hackney, where I live. Even with a hangover I wouldn't usually even nip to the corner shop in my nightwear. Could I really pull it off? The collection features 10 pieces in three different prints. Each one riffs on von Halle's bestselling designs, there are stripes, felines and botanicals. I lean into spring and go for a floral pair. Each £55 set features a nightshirt and either full-length trousers or shorts. It also comes with a matching eye mask, which I swap for sunglasses. There are also robes (£55) and nighties (£45) available. There is still a chill in the air so I follow the model Gigi Hadid's lead and pop a jacket on top. Lots of A-listers wear high heels with their PJs but as I don't have a personal driver, it's flats for me. After a little thought, I land on a pair of velvet Mary Janes that feel slipper-adjacent. OVH's mainline are made from the heaviest weight of silk available, 19 momme. The M&S versions, however, are made from a viscose blend – a semi-synthetic fabric. I spy lots of von Halle detailing – the inside labels are made of the same satin fabric so they don't scratch and the buttons are engraved. But unlike OVH's £2,450 cashmere PJs, the M&S ones can be chucked in a washing machine. Before heading out, I steam them to remove any creases, something I have never bothered to do with pyjamas before. My first stop is my local coffee shop. I ask the barista, Bahadir, if he serves many customers in nightwear. He shrugs and says anything goes around here. Several customers are wearing gorp-core – practical outdoor wear such as Patagonia fleeces and Salomon trail running shoes – that have been appropriated by hipster urbanites. If they can pull off a fishing vest over a flat white, surely I can get away with some posh PJs? Sign up to Fashion Statement Style, with substance: what's really trending this week, a roundup of the best fashion journalism and your wardrobe dilemmas solved after newsletter promotion Next, I stroll down the high street to my local market. No one even bats an eyelid. I ask Junior, a council employee working nearby, if he likes my look. He tells me the floral style reminds him of a Japanese kimono. I explain they are pyjamas. 'You do you,' he replies. I go to hop on a Lime bike but someone else has beaten me to the closest one. 'Does it look like I am wearing pyjamas?' I shout over to the man unlocking it. He pauses and asks if I am a fashion influencer. I tell him I am a journalist for a national newspaper on an important assignment. Later, outside a hair salon, a stylist called Shaianne stops to tell me she likes my look. I confess to her I am wearing pyjamas. She wants to know where she can buy them. Maybe I am an influencer.
