Posted by CFTrader > 2015-01-07 15:31 | Report Abuse

EPS is useless, tell me FCF .

Posted by hlchang > 2015-01-07 23:38 | Report Abuse

Thanks for pointing this out. Yes, Cocolnd does have -ve FCF over the past 3 years due to increased in Capital Expenditure. However, the heavy Capex has positive effect on its ability to generate more operating cash flow. The impacts on capex should be seen in the longer term perspective and not in isolation. Future will proof if bottom line does improve as an effect of increased expenditure, just my 2 cents.