If continue so, no hope. After paying off some of the bank owings, the balance of owings are still very high. Selling of asset is only to repay bank owings to stay afloat. Even venture into lifestyle biz also no hope. No point having such a big group of companies when most of them are bleeding badly. Better bite the bullet, divest those bleeding business, slim down the group into a much smaller group. Focus the available resources in those few profitable business.
Stock: [MUIIND]: MALAYAN UNITED INDUSTRIES BHD
2019-05-31 08:17 | Report Abuse
If continue so, no hope. After paying off some of the bank owings, the balance of owings are still very high. Selling of asset is only to repay bank owings to stay afloat. Even venture into lifestyle biz also no hope. No point having such a big group of companies when most of them are bleeding badly. Better bite the bullet, divest those bleeding business, slim down the group into a much smaller group. Focus the available resources in those few profitable business.