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I am replying elton chan and those dont know how to read financial info. I am certified accountant, i know how tech stock co play around with these development cost. Anyway, my comment is for those newbie, dont get trap into this kind of company. You got much more choice in US, the real tech company.
Tech company is always good, i invested google microsoft and etc, because they wont capitalise all these development cost, they have adjusted eps, they use gaap, they have a better financial info than those using IFRS
Compare space x to myeg, show how ignorant you both are. And under gaap, space x cant capitalise development cost, i bet you both dont even know what is development cost and what is the accounting standard, stop come out to mislead ppl just because u have tiny investment inside
新手们，理解一下什么是development cost，没买的还是别冲进去这摊浑水。3.7billion，给他platform升级用了1billion，还有2.7billion是给那些有的没的还不赚钱的东西，这些DC基本就是开销了但用着一个标准未来可以赚钱所以才放进去asset而不是expense，这就是IFRS跟GAAP不一样的地方以及雷点！write off的话nta直接-0.5sen。 Advised for newbie before buying, understand what is this development cost before buying. This could be expense off and it stay in Non current asset for 3.7billion, it will possibly slash ur NTA by 0.5. Usually when some event happen auditor only feel like need to take this seriously
See how much market of Amazon aws occupied in the world. I am very sure future most of the conpany will store their database in cloud. Now only see how much and how fast vstecs can get customers from market, i am very positive with amazon aws. I believe in 1 year time will see the result. And this will be 1 of gain on installation and continued revenue for maintenance cost.
Luckily i sold on Thursday, feeling the result is going to be bad as normally those lao ya co never take up the loss until auditor audit. If not trap again….
