Comment | Revenue decreased 46.8% and also lower than preceding year corresponding quarter 57.9%, eps decreased 75.8% and also lower than preceding year corresponding quarter 73.2%, cash generated from operating not enough to cover all financing expenses hence still continuing negative cash flow, operating margin decreasing, stronger liquidity ratio at moderate level now, lower gearing ratio at below moderate level now, lower debt ratio and far from historical high, inventory collection period very longer, higher property development cost can indicate more development in the progress and more land, lower inventory can indicate reduced properties held for sale, all primary segment business weakening |
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