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Despite strong revenue growth, Q2 PAT fell 30.44% YoY to RM3.11M due to higher NRE costs and upfront investments in talent, training, and a new advanced packaging facility. These near-term costs are strategic investments to position 3REN for higher-value AI infrastructure and advanced packaging opportunities
Malaysia construction sector doing well, up 7.8%, so PLYTEC expanding its rental assets and investing more in BIM. Shoring demand is soft now, but expected to pick up with upcoming government projects.