QUOTE(whizzer @ May 16 2009, 07:44 PM)
Noticed that Panasonic Japan reported US4Billion loss this year. Would this have any impact to Panamy ?
No. Panasonic Japan, its parent company doing across from electrical appliance to electronic component worldwide, while Panamy is about business in Malaysia doing electrical appliances like Air-cond, houesehold appliance only. Separate entity. QUOTE(ks3114 @ May 17 2009, 12:12 AM)
IMO, 'Chinaman' style companies offer best dividends in term of value and sustainability. I only know a few, such as YTL, CHINTEK. KSENG. The are cash rich with low borrowings, which also mean slow growth. Correct me if im wrong.
Not actually, some "Chinaman" style companies are very "kedekut" offer not much dividend to shareholders. It depends on sincerity of the company management and management board style. YTL and Kseng is different than Chintek. YTL is not without borrowing as well as Kseng. In fact YTL's borrowing is huge, just it being well managed. resulted has consistently positive cashflow doesn't mean it is net cash rich or without borrowing.
While Chintek is a real cash rich company.
Less borrowing doesn't mean less growth, if the company can generate enough cash to grow on itself.
Borrowing is always a double edge sword, if utilise properly and in good timing, then company can grow very fast, but if not manage properly or economy situation is poor, it might a burden for the company.
It is all about management. Cash rich if not managed properly, then no use as well. But generally speaking, if not managed properly, company generally won't be cash rich. On the other hand, huge borrowing doesn't mean bad if manage its cashflow properly without utilising fully the borrowing to grow the company and become more profitable.
May 17 2009, 09:40 AM
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