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probably they expect econpile gonna get contract. cause they are the biggest piler in msia. johor story playing out, contract flow to econpile. but I'm gonna wait and see first, can have small position or watch first
tariff hike, management used to guide extra 86 million revenue. but they have decreased it, now dk how much additional for the year. management guidance also cannot pakai. when people expect it to be good, time to be fearful. looking at how price is sustaining at 1.9rm, market is still excited, still have room for disappointment
earnings for this company not sustainable. look at the operating profit for 3q23 and 4q23. ignore the tax and look solely on fundamental. got some problem, why can be unstable one? somemore quite a big swing.
the forecast of many people here may be too bullish, even after factoring in the tariff hike.
the deferred tax is like that because they forecasting lower profits for next year compared to what was forecasted on 3q24. that's why they reversed back some tax credits
the floating solar, could work, but it is something new to them. now you are betting that they are capable of pulling of something new, when they can't even fix their own pipes (pipe burst recently and losing 300k per day)
plus, the solar segment is probably small profits and margins. overall fundamentals r weak
Gg, I heard from my friends that they expect lower revenue and operating profit. Earnings after tax may be good, but fundamentals and operations wise may be worse soon...
next quarter confirm weak. new coo means old one needs to pay severance also. Penang government owe them money. anytime also Penang can take money out of shareholders pocket
