Transmile share price has dropped from peak RM14+ to RM 6.00 today due to inaccuracy of the substantially high revenue of RM989.2mil for FY06. Transmile was named as one of the star performance growth stock by many investor analyst. Interim findings of a special audit showed the group’s sales revenue might have been overstated by RM333mil in FY06, and RM197mil in FY05. How much we can trust on company reports?
