Recently, I attended BBR Holdings 2017 Annual General Meeting and below are some of my thoughts.
Decline in RevenueDespite a challenging FY2017 where we see a decline in revenue figures for BBR Holdings, margins have improved significantly from 5.05% to 15.1%. This is due to a better project mix of construction projects in FY2017 and better profit margin for a number of specialised engineering projects in Malaysia that were completed.
Decline in Order Book
One major concern was the lack of any new order book wins. The Company’s order book would be completed this year and this is one major concern to us. When we asked management what their thoughts was with regards to this, the CEO mentioned 2 key things:
The industry is a lot more competitive now, where the Company has been tendering for new projects but has always been falling short versus their competitors. They tend to...
