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Read the announcement since last year. They have secured 30 years concession to supply electricity to ECRL network and build the power plant. This is what we call value investing. Buy when others are fearful my friend
Kerjaya market cap rm2.1B, qr around rm30mil pat orderbook rm4.1B. Sendai market cap rm250mil only, last qr 53mil pat orderbook rm6.6B. Very clearly sendai is significantly undervalued, easily should be rm1B market cap