"Leakings" to much already. Got projects also no use. Projects are for the company to only bleed further. Hopeless company recommended by Kenanga to BUY before it went down hill.
what happen to this company? 1 QR loss so much. @SPRM cases involving their management resolve? @Bursa can those with court cases continue running the company?? obviously not looking at the QR result!!!
Cash position is negative (with Overdraft): -RM45,703,000 Borrowing RM1,337,731,000 Contract assets: 1,620,404,000 (how fast can convert to cash!!??) Monthly interest expenses: about RM7 million Monthly loan repayment? : estimated average of about RM71 million.
Foresee this company in deep shit and in a bad position.
Borrow money to fund projects. Claim only when projects are completed. Build-then-reimburse. This is a stoopid business model that this company has been practising.
The Board of Directors of PESTECH is pleased to announce that with great relief, the learned Judge of the Session Court of Shah Alam (“Session Court”) had on today, ruled that Mr. Lim Ah Hock, Mr. Lim Pay Chuan and Mr. Paismanathan Govindasamy are discharged and acquitted from all charges against them with immediate effect.
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....
drken91
339 posts
Posted by drken91 > 2023-03-06 14:24 | Report Abuse
the next Cypark,
monitor hehe ^^