"On the demand side, the global use of tin will increase rapidly through the metal?s use in electronics (especially as electric vehicles increasingly contain greater amounts of electronics in their body) and solar panels (in photovoltaic cells), cementing tin?s status as a commodity of the future. Ultimately, this will allow the market to tighten and return to a production balance deficit by 2026 that will only grow deeper over the years."
Despite getting all contracts from Petronas and receiving support from PNB , this Bumi company still can't perform. Sorry to say but ,I believe if it was run by chinese /non-bumi management, this company will make alot of money. Look at Hibiscus, Armada, Yinson, etc... The evidence is right in front our eyes.
KPMG are only doing their job, which is to protect the shareholders' interests. We should actually thank them for raising these issues. I trust the auditors more than the guys behind the company. Very clear that there has been some accounting manipulation on a huge scale. If its on a small scale, I believe Kpmg wouldn't really raise issues. They would just restate the figures. But who knows what the final outcome is. We just got to wait and see.