understanding the business.
Key risks
-carrier, bulk of business
The reduction in sales translate directly into reduction in revenue for nam lee
HDB projects, easily tracked
Good cashflow, decent dividends, survived crisis
Need to compare with other metal companies.
Moat;
1) One supplier worldwide to carrier
15 reasons for investment:
clarity of earnings next few year, track HDB projects, carrier sales est.
worthwhile margin? compare with peers...
management???
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