x
Showing posts with label Chip Eng Seng. Show all posts
Showing posts with label Chip Eng Seng. Show all posts

Sunday, 2 June 2019

RED Flag found on Chip Eng Seng

I had made about 19% profit in 2018 for holding for 5mnths since late 2017. Now that I am looking at it, thinking of jumping back in. BUT there is RED FLAG that did not materialize in 2017.

Operating cash flow is negative for the last 3 years, 4 out of last 5 years. Debt/Equity ballooned to 220%, Finance cost/Interest is 50million. Segment wise, education is in red, construction is in red, hospitality as glamour as it seem is in red but chuck out a tiny cashflow after adding back non cash items.
 
Those invested please DYODD. Don't be stuck in another Hyflux. This one is really bad! Better safe than sorry









Read More
Powered by Blogger.