Market Update 26/03 – 30/03
Unless the company is PTT or CPALL everything else is suffering. Although part of me is thinking that construction services (excl ITD) could be interesting given how poorly they’ve performed this year. -17% is no laughing matter.
Peter
i have wondered too: with all these large government construction projects gained last year, why has the construction sector been performing that bad, even given delays in proceeding with them? and i still do not quite understand how STEC had managed to generate such a large loss in the 4Q17…
or have the contract winners mostly been bidding under cost or with minimal margins only?
Pon
ITD has been bidding below cost.
STEC – we commented on this enough in the past, just look at the #’s
Peter
ITD: i have to say that on whatever reason (more like a gut feeling) i have never felt very comfortable regarding this company.
STEC: thx, pon, i will look these up…
Xavi
If there is ever a company that I hope goes under it is ITD, they are the Truemove of the Construction Sector..
Peter
from your comment i gather that you seem not to like True very much…:) but i fully agree.
Pon
Just depends how willing shareholders are to raise capital in the future.