good to see A-Sonic has cleared what was a very challenging period on the watchlist.
Now approved to exit watchlist. and look at the great progress made in terms of financials in its announcement
links.sgx.com/FileOpen/sgxnet20220629%20...cement&FileID=722198
My concern for A-Sonic - Currency risks and change in interest rate may wipe out its profit because of:
- Low Profit margin of 2%.
- High turnover of 12 times market cap.
- Business operate over 29 cities in 16 countries, spanning 4 continents.
- High Staff strength of 640 personal for a small company.