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6 comment(s). Last comment by fengtzekai 2015-06-04 15:27
Posted by newbird33 > 2015-06-03 00:49 | Report Abuse
Goods in transit is goods that was ordered but not yet delivered to Johotin's warehouse. At end Dec 2014, milk powder's price was at the lowest in 2014 so they ordered a lot.
Posted by bukithot > 2015-06-03 15:21 | Report Abuse
"Posted by newbird33 > Jun 3, 2015 12:49 AM | Report Abuse
Goods in transit is goods that was ordered but not yet delivered to Johotin's warehouse."
Did you mean JOHORTIN have paid for the goods but net yet arrived at its warehouse?
How long does it take to reach its warehouse?
Posted by fengtzekai > 2015-06-04 15:27 | Report Abuse
Sounds a bit like gambling to me to stock up commodity items with short shelf life unless they have future order already secured to cover it......
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Icon8888
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Posted by Icon8888 > 2015-06-02 22:54 | Report Abuse
I have a different interpretation of goods in transit
Instead of goods on the way to customers, I think it should be goods on the way from suppliers
Most likely is milk powder from let's say, New Zealand