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As AI.....Digging deeper, a core concern is the gap between the company's reported profit and its actual cash flow:
路 Non-Cash Earnings: Steel Hawk reported a net profit of RM6.94 million, yet simultaneously recorded a negative free cash flow of RM36 million.
路 Red Flag (Accrual Ratio): Its accrual ratio of 0.41 suggests profits are not backed by actual cash. Historically, high accrual ratios often signal weaker future profitability.
today's volume quite high but the fall in price is relatively small....a good sign? but the tremendous drop over the past few days is definitely something to ponder. lower revenue in the coming qr? impairment of receivables arising from the litigation? we'll see...
not possible gua, the group currently got 15 contracts, including 6 ongoing call-out contracts giving multi-year revenue visibility across upstream, midstream and downstream