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based on ta research they still gt 529mil of tender pipeline which 165.7mil is petronas related and 363.3mil is for non o&g sector, so should get some contract by year end
Actual tender conversion rate not really disclosed. If use latest TA numbers as rough proxy, RM106m orderbook vs RM529m tender pipeline is about 20%. Not bad, but also cannot treat pipeline as guaranteed orderbook. Need to see actual contract wins over next few quarters
0.232 is actually not bad since the potential for growth is still quite solid. Just keep holding steady and wait for the right moment to average down after the QR, confirm everything will be okay.