Results (
Thai) 1:
[Copy]Copied!
NDP has been investing at an incredible pace – best demonstrated by comparing the company’s cash flows from operating activities in 2007 and 2008 with the cash flows from investing activities. The short-fall in operating cash flow must then be made up by financing activities – which has been both raising equity and debt – but mostly debtNDP has clearly been profitable in recent years, and demonstrates a high rate of profitability one would not ordinarily see in this type of semi-commodity based businessNDP’s rate of profitability, however, has been sliding, reflecting rising input prices and greater competitive markets for its productsThe company’s growing debt burden is large and getting larger; most analysts and investors clearly wish Mrs. Cheung would slow her capital expenditure plan – at least a bit – to take growing cash flow and debt-service pressure off the company during the global recession and credit crisis
Being translated, please wait..
