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I am not too comfortable with their high borrowings. At current price, I do not think it is good value unless there is some corporate action or event.
Compared to a year ago, their financials have deteriorated. Servicing the loan interest should be still ok but repayment of loans will be a drain on company resources unless we see stronger operating cashflow in the coming year. I do not think consistent cashflow is good enough. Dividend yield is already super low and final dividend is further reduced.