It's amazing an Singaporean, Calvin can be so clear, articulate on MY's current economy. Sifu Calvin-look forward for your visions on SIN's economy direction as well.
Don't simply buy shares especially those with high debt like payable. Or those with high borrowings. Especially high current borrowings which payment is due soon. Or those with high Receivables on balance sheet for umpteen years
AND those with unsaleable high Inventories which incur high expense to keep or might go obsolete later
All these signs will point to financial stress and out come Rights issue asking money from shareholders later
Just as expected many overindebted companies not able to borrow from banks are now asking monies by Rights issues
However, not all Rights issues are bad
Some like Naim and Uzma are good
Naim Rights issue was 45 sen Uzma Rights issue was 75 sen in year 2014
As of now Naim has doubled in price while Uzma at 66.5 sen still trades below Rights issue
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Posted by teoct > 2019-06-09 11:39 | Report Abuse
Mr Tan, thank you, this is one of your better post.