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1- The price has moved up and stabilized. Looks like the mkt has decided not to punish KTC for its long overdued receivables. Bad debts n Receivable are part n parcel of doing business. Even big banks like Rhb Pbb has NPL non performing loans.
The question to ask is does 4.9m overdue receivables affect KTC as a going concern and damage the survivability of the company.
KTC achieved close to 450m in revenue. The overdue receivable after recovery of 1.07m is 3.83m is 0.83% or less than 1% of sales.
In my opinion it is not alarming. But KTC has to be more aggressive and make greater effort n better startegy to reduce the average collection days in accounts receivable.

2- On the positive side KTC has successfully signed distributorships agreement and started selling Nestle ,Heniken ,Power Roots ,Oriental Food and L Oreal products.

This is an incredible feat. And to get all of them in one go is a heculean task.

Just imagine this secnerio, in the morning when you wake up you brush your teeth the oral B tooth brush is from Nestle. The Colgate tooth paste is from nestle. Next you make your morning coffee. The Nescafe or the Alicafe is Nestle/ Power root. For lunch you eat maggie mee it is from nestle. Than you have a kit kat or other chips for snack for tea break afternoon it is Nestle/ Oriental Foods
In the evening you dine with beer. The Tiger n Guiness are from Helniken.
See nobody can escape from Nestle and Helniken and the other three unless human beings stop brushing teeth n avoid food and drinks altogether. That also means KTC a company that distributes their products will also benefit from the supply chain management.

3- This is just the beginning. With Nestle and the rest that came onboard recently KTC was able to realise a full qtr contribution in the 4th qtr. Sales has jump form 93m to 122m to 136m for the last 3 qtrs.

To cut a long story shot KTC despite its receivable issues that has no impact on its survivability has actually greatly improved the business situation and its prospective enormously brighten with the new distributorships.
Fundamentally it has improved and worthy for a serious investor to take a second look.

In my opinion KTC is in the onsett of recovery and betters result is realistically expected if it execute its business strategies efficiently n effectively in logistic control and improvement in cost and margin.