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The restructuring done already means the worst is behind us and now got clear runway to focus on profit. With all the groundwork settled, time for them to start scaling up and show us that golden growth potential
That 90 million contract confirm can boost their bottom line but don't expect the share price to fly immediately, so far slow down ady can wait for another chance since long term very strong
Ya lor, the listing costs definitely distorted the results a bit. If you look past the one-off expenses, RM4 million profit is actually not bad and shows the business still has a decent foundation. Now need to see whether future quarters can sustain the momentum once all the listing-related costs are out of the picture.
Listing fee one time only so no need kanchiong too much because the fundamentals still solid. As long as they deploy that cash for high margin jobs, confirm share price will slowly grow
Revenue jump confirm steady business but that margin compression shows them fighting hard for market share. Net profit still up so the volume strategy working for now even if the margins taking a bit of a hit.
