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EPF steady accumulate because they see long term value in the renewable energy segment and strong cash flow. Retail investors get scared easily but the big boys are just waiting for the stock to reflect its true fundamental price.
1. Mr. Goh apologised to the shareholders regarding the wrong investment decision with the Edenor. At first, it's thought a great deal as the business partners were experienced and capable of turning around the oleochemical plants previously.…
Short term pain , but good in long term. Carrying value of the joint ventures was around 100m, means we should see impairment loss on joint ventures in this year. Long term wise there’s no need to further pump in cash as well as recognise the losses anymore.
Another thing is management choose to file the application right before AGM which happens tomorrow hmm guess they want transparency. But weird thing is share price have good support recently.
