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XL is now in negotiation with PH government, for a huge contract/project worth approximately RM 1 Billion, this will bring long term massive and stable revenue and profit for XL. The project is going to benefit the government, the Malaysian citizens and most importantly XL as well. As the world is now facing the issue of shortage of foods, XL is going to help to solve the issue in the country and of course creates value for the company itself. This cooperation between XL and PH government is going to bring XL to totally another level, huge value is coming into this company, very bright future indeed.
Yes, you are very right, the fundamental for XL is stronger than Sridge and the future of XL is very bright
It's depends on XL to decide when is the right timing to let the share grows and increase value, the only advice from me is, it's accumulation phase for now, not just for the owners, but also for true investors to accumulate at this discounted price, learn how to DCA, be patient and wait for the fruit to ripe.
XL announced Sridge's share investment on 23rd October 2023, and the announcement mentioned about the vending machine business with Sridge, which as you know, it's a business with huge daily cash sales.
XL also announced the purchase of a Sabah's company - Samajutera Sdn Bhd's shares, smart investors who read through the announcement will understand that, XL is intended to enter huge carbon business on BCX as known as Bursa Carbon Exchange, XL understands the importance of global warming caused by carbon, and XL want to pioneer the zero carbon emissions goal set by Malaysia government
BCX is under gov, private company can only trade via this platform. I did try to approach the authority but only can do back end support. I think XL just want to trade carbon credit via BCX but can't help much compare solar and plantation company.
@evo up, you are 50% correct, correct on the explanation for BCX but 50% wrong, the carbon credit XL may trade, worth much more than you can think, multimillion, can even reach billion annually, look it up and research
Dato Khoo is doing his job, making sure his investors are benefit from trusting his company, Ng Min Lin is the selfish trouble maker here in XL, look at also MAG then you know
Evo, did u even read the announcement? XL invested in Sridge's shares, so Sridges went up, means the investment is adding value, instead of keeping as cash in bank, this is the good decision made by the management, but still cant deny that they are selfish
