15-07-2014, 06:34 PM
At the recent AGM, management indicated that capital expenditure for the hotel investment will not be high.
Of the RMB338.9m borrowing, RMB50m is long term due in 2017. My guess is that this amount is likely to be for the investment in the central heating company. When completed, the co-gen heating plant is expected to be more energy efficient than the boiler that Sunsine is currently using.
Of the RMB338.9m borrowing, RMB50m is long term due in 2017. My guess is that this amount is likely to be for the investment in the central heating company. When completed, the co-gen heating plant is expected to be more energy efficient than the boiler that Sunsine is currently using.
(15-07-2014, 04:06 PM)CityFarmer Wrote: [ -> ](15-07-2014, 03:51 PM)Young Investor Wrote: [ -> ](07-07-2014, 09:07 PM)CityFarmer Wrote: [ -> ]The latest update of the company debt level, RMB 338.9 mil.
Base on my estimation, the debt level will be increased to a level between RMB 340 mil - 400 mil, both for working capital and new project ventures...
(not vested)
http://infopub.sgx.com/FileOpen/CS_Discl...eID=304451
Do you mean that borrowing is a good sign? The higher the borrowing, the higher the production rate? What are the new project ventures in the pipeline for chinasunsine? Thanks.
I assume the questions are directed to me. FYI, I am the devil advocate in this thread.
Is the borrowing a good sign? No, in the context of this company, albeit borrowing doesn't always mean negative. In some cases, it is a very useful tool.
You might want to read the previous posts in this thread. The company has embarked on non-core business ventures recently.
http://www.valuebuddies.com/thread-2006-...l#pid69390
http://www.valuebuddies.com/thread-2006-...l#pid70203