Tuesday, July 10, 2007

Nextnation - Receivables

Finally, nX CEO PY Tey came out and explain the high receiables of the company. It was reported in The Star.

I have two questions:

1. If the cash flow is strong, why do they need to accept the credit facility?
2. If the likelihood of default payment was not strong, why they made provision of doubtful debts in last quarter result?

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