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Fundamentally, very tough operating environment if having to absorb part of the 19% US tariffs in order to maintain the US customers orders going forward.
Exactly. A PLC almost owned by banks (Maybank 20.27%, ASB 14.89%, CIMB 12.12%, RHB 7.21% & UOB 6.06%). Another substantial amount in borrowings (billions) Post recent restructuring and still require $ injections from the Government/MoF just to pay suppliers !
The corporate exercise solely to support the NY licence application and investments. Credit rating will be negative due deteriorating borrowings ratio. Also, US assets investments are risky and returns low.
All IN on US assets investments. Ride with it for those that have the guts and higher risks tolerance. Oldies like me happy with calculated risks returns.