Sifu Icon, out of the 602mil receivables, are you able to find out how much is doubtful debt since this info is not available in EG's annual accounts. What is known is only bad debts, but doubtful debts can distort the quality of their receivables. It would be helpful if we know the Days Sales Outstanding (DSO) of the receivables i.e. how old are the debts?
they deal with MNCs, go figure out yourself. they dont deal with Ali Ah Kow. still....too much reliance on short term financing is stressful.
============================================== Sifu Icon, out of the 602mil receivables, are you able to find out how much is doubtful debt since this info is not available in EG's annual accounts. What is known is only bad debts, but doubtful debts can distort the quality of their receivables. It would be helpful if we know the Days Sales Outstanding (DSO) of the receivables i.e. how old are the debts?
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 5729 views | 5 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
VenFx
14,784 posts
Posted by VenFx > 2016-01-20 20:55 | Report Abuse
That's social forums , got to except it. U too koon bee, 61% nice can considere good liaw..heheh