Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Econframe is optimistic about its growth trajectory. The government’s focus on infrastructure in the Malaysia Budget 2025 is expected to boost demand for materials like aluminium and glass, aligning well with Econframe’s capabilities. The Group’s vertical integration and expansion into glass processing are anticipated to drive efficiency gains and profitability. Moreover, Econframe continues to seek potential acquisitions to leverage market opportunities and drive revenue growth.
Conclusion
$EFRAME (0227.MY)$ FY2024 Q4 results demonstrate a solid increase in revenue, supported by strategic acquisitions and operational expansion. Although amortisation impacted profit margins, the overall growth trend remains positive. With ongoing initiatives and a focus on market opportunities, Econframe is well-positioned for sustainable growth and enhanced shareholder value, such as the generous dividend given out in this quarter.
The company seems not willing to let prices drop further. Come up with the dividend and the positive forecast...but there's no denying that margins are underperforming. Otherwise the price will definitely go up. Anyway, I don't think prices will drop too much here. Keep my faith in the company.