Update on Gamuda's Current Receivables Issue

Here's an update to the blog posting Gamuda's Current Receivables Issue

The below is screen shot of what I wrote back then.

Gamuda reported its earnings the other day.

The receivables issues highlighted earlier has increased!

The receivables amount is now 1.319 billion versus 1.012 billion 3 months ago!

Sweet holy cow!

What's happening here?

What exactly are these receivables and why is it ballooning at such an incredible pace?

Do you reckon that there is a massive problem here?