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Cape EMS posted strong 48% revenue growth YoY, supported by its transition into Green Energy and IoT solutions. Despite forex pressure from a stronger MYR, the company remains financially solid with RM802.3 million in assets to support its long-term “Cape 2.0” expansion plans.
Normally post-ex-div sure got some correction one so no need to kanchiong. Just chill and wait for the price to bottom out before you enter the market.
Steady lah market reaction shows people still need their daily drink fix despite the plain branding. Boring business model usually means predictable cash flow which is exactly what long term investors look for.
RHB IB view remain bullish because DXN still got plenty of room to run from these current levels. This counter really looking solid for those looking to tap into their ongoing growth momentum.
