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05-10-2014, 04:04 PM
(05-10-2014, 02:34 PM)CY09 Wrote: Hi Touzi,
You have to scan the annual report, 1 of the sections will have to declare the interest rates its cash is earning as well as the interest charged for its loans.
For FJZY, its found in section 5 & 29. In section 5, it shows their interest expense is higher than the interest earn by their cash parked in banks. For section 29, the group's cash is earning an interest of 0.37% and loans interest rates by the bank ranges from 5.3-10.9% p.a. Just going to say, the figure looks ridiculous.
For comparison with other Sgx listed companies in the interest they earn, the dukang thread has it.
http://www.valuebuddies.com/thread-2151-page-6.html
Thank You!
The info on section 29 is for Financial Instruments, so I guess it could include others besides bank deposits. In 2012 their effective interest is 0.75%, higher than Minzhong but lower than Sunsine ( 2 companies that are not under any suspicion?). In page 8 of the AR, the explanation provided is that they terminated a wealth management agreement with ICBC in 2013.