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1 comment(s). Last comment by Peter Chen 2013-07-08 21:31

Peter Chen

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Posted by Peter Chen > 2013-07-08 21:31 | Report Abuse

Interest expenses for Y/E:2012 on Amresearch report dated 11 Jun 2013 under table 7 http://cdn1.i3investor.com/my/files/dfgs88n/2013/06/12/1479117992-1016370316.pdf amounted to RM100.9 million, which is different from DRB-Hicom Interest expenses on audited account RM152.9 million. Interest Expenses for Y/E: 2013 stated on Amresearch report above amounted to RM242.3 million but interest expenses on quarterly report by DRB-Hicom amounted to RM337.6 million http://www.drb-hicom.com/cms/PublishedDocument/FY13%20FINAL.pdf . Thus, interest cover for Y/E 2013 of 2.3 might be wrong and Amresearch might get a wrong conclusion. Further, I couldn't tally it Net Cash / (debt) b/f and Net Cash / (debt) c/f under table 7 as well. there is a high possibility that Amresearch draw a wrong conclusion????
http://aseantradinglink.blogspot.com/2013/07/drb-hicom-financial-holding-company.html

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