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08-08-2021, 06:45 PM
That's how the BOT industry of local listed companies seems to be doing business, they have to be heavily levered when constructing a plant, China Ever bright is another example
Their cashflow is another point of contention I have; till now, I notice the few BOTs are always cash flow negative. They just keep growing and recognizing future service concessions as their profits. I am waiting for the day when a BOT stops constructing new plants to see their cashflow.
Their cashflow is another point of contention I have; till now, I notice the few BOTs are always cash flow negative. They just keep growing and recognizing future service concessions as their profits. I am waiting for the day when a BOT stops constructing new plants to see their cashflow.