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12-05-2016, 04:41 PM
(This post was last modified: 12-05-2016, 04:43 PM by CY09.
Edit Reason: Edits
)
http://infopub.sgx.com/FileOpen/NCL-1Q20...eID=404212
In the first of my investing journey, I have seen such a high negative revenue in a FS, which is concided by a positive cost of sales which is higher than the revenue! It is telling me Nam Cheong have been building ships at a loss, and its reversal of revenue recognition is good news??
It also shows the extent of order cancellations happening in the o&g.
This is probably going to question how much inventories will nam cheong have, what are its value and how aggressive has Nam Cheng been recognizing revenue.
In the first of my investing journey, I have seen such a high negative revenue in a FS, which is concided by a positive cost of sales which is higher than the revenue! It is telling me Nam Cheong have been building ships at a loss, and its reversal of revenue recognition is good news??
It also shows the extent of order cancellations happening in the o&g.
This is probably going to question how much inventories will nam cheong have, what are its value and how aggressive has Nam Cheng been recognizing revenue.