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Same playbook as Coraza, but Coraza’s earnings and prospects are actually brighter. This one looks more like a pump-and-dump, be careful, the buyers can suddenly disappear. Their main revenue still comes from modular building, and with NEOM potentially cancelling or scaling down projects, the risk is even higher.
Remember, don’t FOMO.
Look for opportunities to exit. Their fundamentals remain weak, and the recent move looks more like a pump-and-dump than a sustainable trend.
With the moratorium ending soon, there is a high chance of selling pressure as insiders may use any rally to exit.
Look at their earnings, still very weak yet the market cap is already higher than Coraza, even though Coraza’s prospects are much stronger.
This counter is mainly driven by speculation and price manipulation, basically a pump-and-dump pattern. Just look back at the chart and you can see it clearly.
For comparison, Coraza delivers around RM4M PAT per quarter, supported by real business momentum.
This company, on the other hand, only generates around RM2M PAT with revenue of barely RM15M.
