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2017-02-10 10:19 | Report Abuse
There is a possibility that IJM may go bankrupt as it has taken a highway that is too difficult to complete. The land in the coastal is too soft for a highway to be built.
Nevermind that IJM has done many highways before, i.e. Besraya, NPE, India etc.
I think WCE will not have enough funds to complete the highway anyway as the cash level from the Balance Sheet is weak.
2017-02-10 10:05 | Report Abuse
Please do sell, it has up too fast in a short period
If you think it is going to do you well over a period of 20-30 years, perhaps....
Blog: How Not To Do Valuation
2017-04-08 09:43 | Report Abuse
A very good article and very accurate, Keep it up!