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(15-10-2015, 10:06 PM)ksir Wrote: The order book crisis seems to be over for now. Next will be the margin. The ultimate surprise will be the renewal of the dormitory at reasonable price. From its previous dormitory experience, it's very unlikely to get renewed.
<vested, added more recently>
Renewal of existing dorm leasing? I reckon, no further renewal option available for existing dorm. The "surprise" should come from leasing contract of new dorm.
(vested)
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16-10-2015, 09:33 AM
(This post was last modified: 16-10-2015, 09:39 AM by ksir.)
Hi CF,
I don't really know how the dorm leasing works. What happens to the dorm (and its occupants) when the leasing expired?
It's likely to be hard to find new places to accomodate about 5k workers right? Those workers are very likely to be TTJ's staffs as well.
Curious and eager to learn about this bit.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
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(16-10-2015, 09:33 AM)ksir Wrote: Hi CF,
I don't really know how the dorm leasing works. What happens to the dorm (and its occupants) when the leasing expired?
It's likely to be hard to find new places to accomodate about 5k workers right? Those workers are very likely to be TTJ's staffs as well.
Curious and eager to learn about this bit.
The dorm may still around, but may not necessary be managed by the company, after the leasing expired. The new lease may need to thru a new open bidding procedure again.
May be domain expert(s) here can further elaborate, if any.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Not sure if that's cause for concern. After losing head of contracts (mr low) in FY2014. But noted the followings:
1. Mr Somasundaram was promoted to COO.
2. Key Management pay was cut down substantially from 3.8M to 2.2M.
3. Mr Teo renumeration was down from 2.3M-2.4M to 1.3M-1.4M.
It's good that the renumeration structure is rather nimble.
<vested>
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
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another competitor liao..
Technics Steel Pte Ltd
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR!
4) In BULL, SELL-SELL-SELL!
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