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Unrated CWG could be on the way to a turnaround

Jude Chan
Jude Chan1/11/2017 12:38 PM GMT+08  • 2 min read
Unrated CWG could be on the way to a turnaround
SINGAPORE (Jan 11): RHB on Wednesday reports that CWG International, formerly known as Chiwayland International, could be on the way to a turnaround.
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SINGAPORE (Jan 11): RHB on Wednesday reports that CWG International, formerly known as Chiwayland International, could be on the way to a turnaround.

CWG in the third quarter ended Sept 2016 saw net loss widen more than eight-fold to RMB 56.6 million ($11.6 million) from a loss of RMB 6.4 million in 3Q15.

But RHB says CWG has some RMB 3.3 billion worth of presales booked in 4Q16, which could see a “high” probability of CWG posting a turnaround for the year.

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