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I have a stupid question, company can’t simply “self made high value invoice” if there’s no actual income captured in their bank statements right? Or the sale is not realized in coming years? Im not account pro..just wondering..
Was reading Dubai/UAE …construction industry amazing drive to upgrade itself constantly…flushed with oil money..most projects must complete fast..unfortunately 2020was year of lockdown n now it’s ready to jumpstart again..very hopeful..
EPCCTakes time fr.it’s first pile to completion (takes 3-4 years!)then MCo hits .I.e2020..ITS definitely affects work done..n bottom line. so be clear about this..fr now on it will be blue skies with intermittent rain! with a bit of capital injection…ready To go higher
Louise, at one time, Karim tried to fool everybody by telling that many overseas clients owes SerbaD. They created false invoices. Claimed client still owes them but they haven't classified them as bad debt. If they do, then they need to write them off. But they don't. Sure go to jail lah
All steel construction companies Eversendai, MMHE, Sapura, Muhibbah, Oil Fab and many more are simply not good in making profit. They receive high value contracts and they make small profit. Someone is making money but not minor shareholders. If they in trouble, they are often bailed out. If we in trouble, no one help us. Not EPF. Not KWAP. Not PNB. Not SC.
