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The Chinese articles are about how osk and ioipg will benefit from the civil servant pay hike, which can go as high as 42%. I'm guessing OSK cause of their civil servant financing business, and for ioipg the article mentioned their ioi resort is going to be the main beneficiary, with Putrajaya population already reached 100k in 2020
This is just my personal view, didn't look that deep into the company la, but if I were investing, I would wait and see first.
Even though the company is growing quite fast, but the company's growth hasn't translated into proper cash flow for company yet, OCF is still -27 mil in FY23, and -18 mil in FY22 due to skyrocketting inventories. Rise in inventories shouldn't be alarming since company orderbook has increased to >RM400 mil. But company had to fund it with a >30 mil in borrowings.
