16-07-2021, 04:28 PM
I am surprised Yongnam is still alive till now. Its construction projects have continued to be negative margins throughout the last 6 years.
Their tender team has always been underbidding for projects and yet it seems the same people are on the job. On the contrary, companies like TTJ have been bidding with sufficient margin of safety and are profitable; however is facing a dwindling orderbook.
Their tender team has always been underbidding for projects and yet it seems the same people are on the job. On the contrary, companies like TTJ have been bidding with sufficient margin of safety and are profitable; however is facing a dwindling orderbook.