29-09-2016, 12:30 PM
(28-09-2016, 08:20 PM)wind22i Wrote: By the way..yongnam profit margin sometimes can be -14%..at best 2%.
Its making losses and have over 200mil debt and doesnt pay dividend last year and this year also zero.
As i mention, the best example is swiber...submit lowest bid(cld be below cost) to get project but u know swiber recently commit corporate harakiri...
As for ttj is a well manage company. It knows which project can tender and always looking for good returns..and high profit margin..profit margin is important..
Imagine some company- they end up working extremely hard to deliver/complete a project , and "found out later" that they do it below cost and lose money..
So but i do hope they can secure some project later on in nov/dec..
Hi wind22i,
Could you like to share why TTJ are able to secure high margin project? What competitive edge it has over it's competitors?
Thanks.
setan
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