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We know for a fact net profit shrunk due to unrealised foreign exchange. Its not they are having production or operational issues. They have cash in foreign currency and they are now undervalue or loss in paper. We dont know if this is true. We let CPA handle that. We now see they are switching their customer base more towards local market & US markets for the time being. They can get business partners from China instead of selling direct to China or get more clients from Taiwan. Their new plant in Singapore which something got to do with wafer fab is just operating and starting producing. Their mitigation plan is working and we are expecting this. We are yet to see how market will react to this. We hope the company will make its way up in future.
Although business outlook were more subdued due to prolonged geopolitical tariff uncertainties, the
Group will continue to expand its participation in high value-add precision equipment and module
design and assembly, and also complex piece part fabrication. The Board of Directors is optimistic of
the Group’s future prospects in FY2025. Leveraging on our competitive advantage, the Group
expects the strategic direction and plans to contribute positively to its financial performance in future.