Mr Market is moody, just concentrate on the fundamentals.

Revenue increased last 10 years year on year, profit however fluctuated due to cost of goods mostly. Positive cash flow all these years except 2021,company spending to expand to double capacity by 2024. High raw milk price that contributed to lower profit margin, has now dropped. Dlady should recover next 1-2 years I figure, unless we all stop drinking milk.

want to diversify again only 2 years after change course into oil bunking. again wants to dilute shares. Says a lot about the competence of the management. Sinking ship.

has market cap 2.8 bil, but has fixed deposit 2.1bil and cash eq 0.5bil as of last annual report. Underwriter profiting too.
Way undervalue , Why?? penyakit GLC. good for long term dividend though.

Muhibbah has been actively buying their darling Favco shares in open market since end 21, increasing their stake from 58 to 63% now, 5% of favco mart cap around 30mil. Spending quite a bit there expecting crane usage recovery . Instead, they do rights issue to pay off interest bearing debts, is a bit of a mystery to me.

can learn the management character only from history, unless he saw the light recently...

https://klse.i3investor.com/web/blog/detail/The1994Investor/2021-05-14-story-h1565061436-ARB_Berhad_Not_As_Good_As_It_Seems_Be_Cautious
never invest in something that you don't understand and when there is lack of information about their projects .

i have lost 95% of my capital in lambo after 2 years. All my fault for speculating penny stocks and being greedy.
Now hopefully a bit wiser and learning about financial reports
Telltale signs all there in annual financials,

revenue: RM24.77 mil
cost of goods: RM82.9mil !!!(no explanation or breakdown)
administrative expenses: RM47.89mil !!!(no explanation or breakdown)
profit loss: RM105 mil !
cash in bank: RM82 mil
cash flow of operating activites: - RM1.3

lots of dubious hidden unexplained figures, holding on to lots of cash with lack of projected plan. Subject to manipulation via diworsefications.

buy this stock at your own peril !!
this stock is only for pure speculation.

Not having institutional fund or international fund buying the company shares does not mean company is not worth looking at. For starters arrb is a small 100mil mart cap, too small for instutional criteria. Most of them also look for companies, with dividends. Not saying that arrb is a buy , but have a read of most investing guru books like Peter lynch , the lesser institional funds involved , the better .the upslope and multibagger chance. . Its well known , the higher the growth , the higher the risk , the higher the reward , of course the potential loss too.
Happy investing .....

No point subscribe if market price below rights issue price. It will drop further after dilution ...maybe down to 0.07 if current price persist . Then I will buy buy buy .

revenue and profit is stable and very good profit margin, good free cash flow. However, 2 years post IPO, plan was to buy land and expand, until now no land has been identified even, no reason given. Why is management so layback?

Attractive cash rich counter on the surface. price also dropping low. But underneath, directors remuneration is crazy, 4 mil, compared to net profit 2.1mil in latest annual. Cash mostly in FD makan kacang, SO much cash, more than the market cap!!! no expansion plan in the reports, likely the directors will eat away the cash with their remunerations. But hand still itchy want to buy....