Kenmark Suffers 146 Million In Losses!

Kenmark released its earnings. The results wasn't unexpected. Kenmark posts RM146m net loss in 4Q.

How the losses occurred was disgusting as expected!

And how Kenmark explained its losses was also disgusting as expected.

Just a mention of a provision of doubtful debts and impairment provision of assets. That's all.

Nothing else.

Hello! Our name is not Ah Beng or Ah Lian!

Can Kenmark show some respect?

How much was the provision of doubtful debts?????

Why is that so important?

Because in the posting Kenmark: MD and Deputy GM 'resigns', Share Plummets Big Time!!!

It was mentioned that trade receivables soared to rm 248 million!

Again I ask why so much? How come? Any hanky panky?

Look at the receivables reported its earnings today.

LOL! Did you see the cash balances left? What a joke!

Receivables is now only 151 million!

And as mentioned in the posting More Incredible News Flow From Kenmark!

• Kenmark still has not submitted its earnings. How? Any hanky panky? Why did the incredible surge in receivables happen? Receivables totals 248 million! What if these receivables cannot be collected? Provision of bad debts?

Receivables has now shrunk by 97 million to 151 million.

But that 151 million is still a worry. What if more provision of bad debts is needed? How much more?

And the biggest question is why did the receivables surge in the first place?

Sadly all this matters not.

The stock just seems to be a hot stock. For whatever reason, it matters not.

Sigh!

I wonder what SC has to say about all this.

Such a laughing stock.