Posted by KC Loh > 2013-08-30 18:38 | Report Abuse

looks like Ooi is right again. Making money now! wonder where is one particular sorchai talking bad about Ooi!

Posted by sephiroth > 2013-08-30 18:47 | Report Abuse

but the so call profit is reversal of provisional penalties imposed on completed jobs meaning no cash at all

Posted by KC Loh > 2013-08-30 18:50 | Report Abuse

its the perception of the investors...er...punters that matters too! :)

Posted by KC Loh > 2013-08-30 18:51 | Report Abuse

noticed Sumatec? hehe

Posted by kcchongnz > 2013-08-30 19:47 | Report Abuse

sephiroth, that was last year. This quarter there is a profit, not due to reversal of LAD. However, the profit was from its associates and jv business, not from MTDACPI's ordinary business in construction and manufacturing. There is actually an operating loss of about 7m in its core business. Share from JV and associates is about 4.3m.

The Achilles's Heel of MTDACPI is still in its continues poor cash flow, another negative 24.3m this quarter. Without positive cash flow, where got money to invest in capex, pay dividend, or invest in other ventures unless issue more shares or borrow more from banks?

Posted by sephiroth > 2013-08-30 19:50 | Report Abuse

ok noted kcchonngz, that's why i bought 0.57 cut loss 0.555