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Is it possible bcos of the new ceo? I googled this the new ceo Yu previously was Asiapac executive director and the share price also drop drastically over the past 10 years.
Bursa Malaysia NAIM Holdings Bhd is an integrated player focused on the property development, construction, and oil & gas sectors. Despite its diversification, NAIM's performance over the past 12 years has been poor with declining revenue and volatile, declining PAT.
I attributed its poor performance to the soft Malaysian property and construction sectors as well as the problems it faced with its investment in Dayang, an oilfield services company. I do not expect the property and construction sectors to be soft forever.
Despite this, NAIM maintains a strong financial position with significant cash reserves and low debt. The company's market valuation suggests a margin of safety.
