19-03-2018, 09:05 AM
Let's just look at the facts. Based on the latest results the shareholder's equity is now negative.
http://www.sgx.com/wps/portal/sgxweb/hom...2&code=CGP
"Negative stockholders' equity is a strong indicator of impending bankruptcy, and so is considered a major warning flag for a loan officer or credit analyst. However, it can also mean that a business is in the ramp-up stage, and has used a large amount of funds to create products and infrastructure that will later yield profits."
https://www.accountingtools.com/articles...-mean.html
http://www.sgx.com/wps/portal/sgxweb/hom...2&code=CGP
"Negative stockholders' equity is a strong indicator of impending bankruptcy, and so is considered a major warning flag for a loan officer or credit analyst. However, it can also mean that a business is in the ramp-up stage, and has used a large amount of funds to create products and infrastructure that will later yield profits."
https://www.accountingtools.com/articles...-mean.html