Why have to worry? Something is coming on the way. Don't forget Lion bought over Megasteel last year July. If a company started to sell theirs assets, then you must be aware for the worst. Normally is cashflow problem! Too much debts.
Inventories 533,578,000 Cash & deposit 392,938,000 Short term borrowing 93,473,000 (no long term loan/debt) share capital 1,250,536,000 net cash RM0.24/ share
ECRL already started, now in the line is Bandar Malaysia and HSRL . Malaysia is now facing shortage of funds to kick-off these 2 mega project. Japanese and Chinese government don't trust countries that don't honor agreement signed irrespective of which party is in power.
The main reasons: Many GLC need government financial help . That also go to certain type of people : They need government aids. One day Malaysia will end up like Greece ! Then we will see whether Malaysia need a "bumi" status or not !
The results: No mega projects. Less new jobs available. New taxes surfaced. Salary stays stagnant. Buying power down. So, Malaysia Economy go down-turn.
If you don't give up , you still have a chance , giving up is the greatest failure , but i know when and suitable timing to select give up , i realize i know the meaning LOSE .
Both Kyy and Otb is reptile in bursa , whom else listen them , LOSE is finally , there since not responsible for all public speech which there speak out , there are useless in class , cool blood fellow , i am their victim since from the PEER TOP level , 1.23 , i bought in .
Budget 2020 could push construction and building materials stocks up with positive news...gamblers may find it worth punting...afterall...it's holding steady at current price despite recent horror shows from Wall Street...downside risk seems minimal.
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....
bahai4453
2,297 posts
Posted by bahai4453 > 2019-09-25 18:27 | Report Abuse
Why have to worry? Something is coming on the way. Don't forget Lion bought over Megasteel last year July. If a company started to sell theirs assets, then you must be aware for the worst. Normally is cashflow problem! Too much debts.