Last Wednesday, shares in 800 Super slumped 26.1% to 61 cents. This is its lowest in the year to date, down from a high of $1.24 touched in mid-January. The slump followed its announcement of a loss in 4Q18 on the back of higher expenses.
SINGAPORE (Sept 3): Waste disposal company 800 Super is expected to turn free cash flow positive only in FY20, according to research house Phillip Capital.
In recent reports, Phillip had been stating its expectation of near-term PATMI weakness due to transitional ramp-up of new projects.
