Lower interest rates and mgmt guidance/prospect in last qr - Therefore, with its existing order book and the positive outlook for new projects to be rolled out by the government, as well as the positive outlook for the residential subsector, the Group is expected to maintain a strong performance in FY2025.

will have a look at the details in the report and add accordingly, hk. and then monitor for upcoming budget 2026 fiscal policy; mega/infra projects. BNM has started to reduce OPR rates and its pointing towards expansionary/accommodative monetary policy to stimulate investment/consumption to support growth.

TRC is in net cash position and it has the opportunity to shift its capital structure during such monetary/fiscal policy period - use the net cash position for bargaining and add leverage for mega projects to drive growth if you will.