CSSC Shipping IPO overvalued, analyst says
The leasing leasing house puffed up its profits by adopting an ‘aggressive’ accounting policy and underrated the risks facing its business, according to a Singapore-based research firm. Straight line depreciation over 30 years is not realistic and leads to an exaggeration of short-term profits
Lack of sufficient disclosures about the residual value risk was another bugbear as the company has substantial numbers of operating leases which usually results in lessors holding assets upon maturity
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792
Request a Demo Getting a demo tailored to your needs is the best way to see how our solutions will help you gain an advantage.