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09-09-2014, 04:32 PM
(09-09-2014, 04:14 PM)crosscalibre Wrote: Yes, waiting for some announcement.
I had earlier taken a look at this counter (when it was at 24 cents) but decided not to invest which clearly was a mistake.....
. I was attracted to the business because I believe that trash can only be a long term positive business in Singapore given the Government's policy to grow the population. However, what made me decide against investing was the fact that such a high percentage of labour / sub-contractor costs (around 45% of revenues per the 2012 annual report). Seems to me that this is a highly labour intensive business and that will be continuously under pressure from increases in wages or government levies. Does anyone have a view on this ? Can the business be more automated to counter wage pressure ?