Friends,
Last year, I interviewed the managing director (MD) of Mesiniaga Bhd, an information technology firm.
Mesiniaga MD Fitri was appointed to the position in early 2014, and the turnaround results have yet to bear fruit.
Among the issues that we discussed include the group's profitability, orderbook and strategy in 2015. Notably, Fitri said Mesiniaga is making a foray to provide services to the telecommunication companies. He said that this is a high-margin business.
The shareholders should give him reasonable time, as turning around the company is not easy.
I would say that it will take between one and three years for the results of the turnaround strategy to be seen. I wish Fitri well in his endeavour.
Please find the article below.
Last year, I interviewed the managing director (MD) of Mesiniaga Bhd, an information technology firm.
Mesiniaga MD Fitri was appointed to the position in early 2014, and the turnaround results have yet to bear fruit.
Among the issues that we discussed include the group's profitability, orderbook and strategy in 2015. Notably, Fitri said Mesiniaga is making a foray to provide services to the telecommunication companies. He said that this is a high-margin business.
The shareholders should give him reasonable time, as turning around the company is not easy.
I would say that it will take between one and three years for the results of the turnaround strategy to be seen. I wish Fitri well in his endeavour.
Please find the article below.
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| Source: The Edge Financial Daily, Dec 1, 2014 |
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