Genghis Hoe's comment on D&O. All Comments

Genghis Hoe
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#260521
#MFCB 60th AGM Key Takeways:

7. Regarding the share investment of D & O Green Technologies about the significant inventory impairment was led by the challenging market or by humans, Mr. Yeow explained that it was led by the rapid expansion through investing heavy CAPEX since 2021 (refer to the below chart). After the capacity utilisation significantly added, but the vehicle market demand suddenly was slowing down, therefore the profit margin was being squeezed as failed to meet the optimal capacity utilisation.

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