CSFG Massively undervalued21 Sep 2016 14:57
The Group's closing cash position increased from RM29.2m (�5.2m*) as at 31 March 2015 to RM43.6m (�7.8m*) as at the year-end, mainly due to the repayment of RM27.9m (�5.0m*) of the cash advances by the developer of CX5 upon the completion of Block C of CX5.
�
Based on the Group's unrestricted cash and bank balances at the financial year end of RM43.6m (�7.8m*), the restricted cash of RM14.1m (�2.5m*) and the net current assets balance of RM95.7m (�17.0m*) and taking into consideration the financial projections, including cash flows, for the period up to 31 March 2018, the Board believes that the Group has adequate resources to continue in operational existence for the foreseeable future.