Inventory is another key item that the Group closely monitors, particularly given volatile market prices. There was a slight increase in inventories to RM846.72 million from RM830.76 million at the end of the previous financial year. This was attributable to higher material prices, despite lower inventory tonnage.
It's notable that the Group’s net borrowings are fully backed by its inventories, which are commodity products with a ready domestic/international market.
Valuation of Inventories The carrying amount of inventories of the Group as of 31 December 2017 was RM847mil, representing 35% of total assets of the Group. Inventories are stated at the lower of weighted average cost and net realisable value. The cost of inventories comprises the cost of materials plus the cost incurred in bringing the inventories to their present location and condition.
Just imagine with the reinstatement of the mega Bandar Malaysia and resumption of ECRL (understand at least 40% on local content) how much steel will be used ! What about HSR ? Sit tight.
hahah the sohai KAQ change name to woo so hai hahahh how you miss gamuda this time wanna miss annjoo or not just stand aside see ppl earn money ya sohai
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....
Henry8833
874 posts
Posted by Henry8833 > 2019-04-17 10:22 | Report Abuse
Why today share price drops so much today?