But a source said based on the finances of both entities, UEM Sunrise would be on the losing end.
“To put it bluntly, it would be a bailout for Eco World. Despite their recently reported higher earnings their unaudited fourth quarter results tell a worrying story,” the source said.
Based on the unaudited figures available on Bursa Malaysia’s website, the source said, Eco World’s total borrowings stand at nearly RM4 billion, including short-term debts of close to RM2 billion.
all of the borrowings are tied with projects. As Long As No OVERHANG, THE BORROWINGS IS NOTHING
DO YOU NEED ME TO EXPLAIN HOW TO DO BUSINESS? ECOWORLD SALES ARE GOOD.JUST LOOK AT THEIR QR REPORT AND THE COMING ANNUAL REPORT WILL BE THERE NEXT MONTH
UEM Sunrise The Group continues to consolidate margins through smart spending and project cost savings in addition to its strategy to divest non-strategic assets. Its property sales and unbilled sales as at end of September 2019 are RM720.0 million and RM2.4 billion, respectively. ---------------------------- Based On UEMS 3rd Qr Result, Their Sales =720million and their Unbilled sales =2.4 Billion
Ecoworld 3rd Qr Result Their sales 1.9billion Unbilled sales 6billion
Siapa Bailout Siapa? Open your eyes and see.. Read carefully Who is growing and Who is going downtrend
Need not to argue..UEMS need a better management, while Ecoworld need larger landbank Both merge will be Win-Win
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....
yeochingu
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Posted by yeochingu > 2020-01-06 18:23 | Report Abuse
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