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The weaker quarter was mainly due to project delays that reduced revenue, while fixed operating costs remained high, squeezing margins. Earnings were further impacted by one-off ACE Market listing expenses, foreign exchange losses, and additional customer support costs related to machine modifications and warranty work
That India pivot is actually quite solid because the demand for calcium carbonate there is growing like crazy. If they play their cards right with this expansion, the margins could really surprise everyone in the next few quarters
This 2 IPO got too many people queuing up so steady lah if you can get even one lot. Just pray hard market sentiment stay strong so we all can huat together once it starts trading
