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Net other operating expenses increased to RM85.1 million, mainly due to inventory impairment of RM61.2 million and foreign exchange losses of RM11.0 million.
看了我也醉了，到底还有多少impairment? Assuming still got 50% need impairment (Total inventory RM291 mil) means need 2 more quarter to write off impairment stock?
If you gather enough data, you will not touch this counter until unless there are good news coming out.
1-lack capital investment due to money using to pay debt for stock impairment.
2. Worst case-continue stock impairment (~15-20% sales value), bleeding continue
3. Nichia pattern infringement case not resolve till now.
4. Weak car sales in China/world
5. Inflation causing low car buying power
6. HUGE customer’s quality complaints and compensation