Market does not only move in 1 direction. Selling on news is normal and that does not determine its future price (in days to come). The RM1.16B project has definitely changed the fundamentals of the company which will be reflected sooner or later.

It's funny to see how financially uneducated some 'investors' are. They do not even understand how PE works.

https://klse.i3investor.com/blogs/ShamanRB/2021-01-31-story-h1540245503-_0010_IRIS_The_apple_of_my_eye.jsp