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Besides the improvement of their revenue, we have to see their profit margin too. If their profit margin is uptrend, then the planning of the management team in cost controlling should be effective. Furthermore, I think the decreasing of revenue also caused by increasing of operating cost in new market at Saudi Arabia. So this share have to see long term.
I think there are several possible. Maybe Edgenta lost their main customer contracts? Or the worst is they have an audit problem like Serbark. Anything will happen. That's the risks of common investors because we have no insider.
Yes Eric. However, I think CEO should explain more details about the cost and what are their intervention to pull down the cost. This way only can increase confidence of investors.
If we see the revenue of the company already recovered and keeps increasing after COVID in 2020. But the profit margin and net profit drop a lot after 2019. If we know what are the factors to cause this then only can know why the share price keeps dropping.
