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We Believe Tiong Seng Holdings' (SGX:BFI) Earnings Are A Poor Guide For Its Profitability

By Yahoo! Finance   |   Aug 19, 2024 at 03:14 AM EST
We Believe Tiong Seng Holdings' (SGX:BFI) Earnings Are A Poor Guide For Its Profitability

Tiong Seng Holdings Limited's strong earnings did not boost its stock due to concerns about its accrual ratio. The company's profit may not be fully backed by free cash flow, raising doubts about its sustainability.

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