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2 comment(s). Last comment by Artemis at Aug 1, 2017 8:00 PM
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Posted by azlan88 > Jul 30, 2017 9:52 PM | Report Abuse

I had invested in Unimech before, but after the downturn of oil price, I had disposed the shares at a small loss. Yes, Unimech is among the biggest valves, fittings, etc in Malaysia however they margin is low as compared to smaller listed competitor such as Turbomech, Boilermech, etc.

I think they need to streamline and reorganize their subsidiaries and focus more on the higher margin product.

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Posted by Artemis > Aug 1, 2017 8:00 PM | Report Abuse

Agree, it seems to me like their margin is so small that the inventory value consist a huge part of their revenue figure...

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