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MSB Global reported a loss before tax of RM0.78 million and a loss after tax of RM1.39 million, a significant decline from the profit before tax of RM1.95 million and profit after tax of RM1.51 million in the preceding quarter. The loss was mainly due to one-off listing expenses amounting to RM2.78 million.
PIBB sees a possible sideways breakout for MSB. If the immediate resistance at RM0.16 is broken with fresh buying interest, the price could climb further towards the next resistance at RM0.17
