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I see. But mamee maybe divest it becuz it is not its core products. Worst still, it took over during covid time. Maybe SDS bought over nt only for the roll cake, maybe is for the production line that can be used for its current products. Anyway, need to see the profit first, maybe 2nd half 2026.
London biscuit sold the 7 parcel of lands and products' IP to Mamee at 70million, year 2020. Mamee sold at a loss - RM28 million to SDS. Hopefully SDS has a good plan for the newly bought assets - e.g., expanding its wholesale chain to more popular convenient stores, such as 99smart and kkmart.
Stock market might be too optimistic last time and drove scientx price to RM4.50+. But why is it scientx’s responsibility to defend the price when the optimism fades and the price drops?
If u are confident in scientx, then it is a good news company dont share buyback as you shud be happy your favourite company is on a discount. If u think the contrary, share buyback is a way for u to sell when it is back to your average purchase price.
