The taps and sanitary wares are guaranteed losing businesses due to cost competitiveness issues against importers and the sluggish property construction outlook. It's a burden to CI....
You will get relevant information If you refer to the main suppliers of building materials in Malaysia.... Read the CI financial report ...this segment is losing money business for the next 2-3 years... At least..
this is the once Umno crony counter that haven't limit down. The Umno crony behind CI is Johari Abdul Ghani (the ex-deputy finance minister) and owner of JAG Capital (JAG = Johari Abdul Ghani)
Future dividend payout is expected to be zero looking at its terrible FCF. Receivable is rising too fast. Selling too much to Africon, expect alot become bad debts.
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Posted by 4444 > 2018-11-10 04:12 | Report Abuse
Those buying for 10 sen dividend already in loss.