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This expansion strategy confirm they want to scale up output and capture more market share from the biomass demand. Adding four lines for 13 million ringgit is solid move for long term growth if they can maintain the margins
Pentech has actively expanded its recurring income business by offering cloud services on a subscription basis and introducing maintenance contracts that provide after-sales support for software and system solutions. These recurring revenue streams have grown significantly over the past four years and are expected to continue delivering double-digit growth in the near future.
