Here's an update to the blog posting Gamuda's Current Receivables Issue
The below is screen shot of what I wrote back then.
Gamuda reported its earnings the other day.
The receivables issues highlighted earlier has increased!
The receivables amount is now 1.319 billion versus 1.012 billion 3 months ago!
Sweet holy cow!
What's happening here?
What exactly are these receivables and why is it ballooning at such an incredible pace?
Do you reckon that there is a massive problem here?
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