look at latest 2021 annual report: Revenue from Malaysia rm50mil, revenue from Singapore rm120mil ! Singapore biz contributes 2.4X Malaysia biz. And now Singapore dollar highest vs Malaysia Ringgit currency, Willow profit will SOAR!
PE only 12x! Revenue mostly from Singapore (2.4x more than Malaysia) If I were major shareholders, I would privatize Willow and relist in Singapore for higher valuation, easily double the current PE.
In 2023, the Group has secured a project for the provision of Extra Low Voltage (“ELV”) and security systems for DATA CENTERS. Q1 2024: Revenue from Malaysia operations has increased by 91.63% compared to the corresponding quarter of last financial year.
ITMAX is also doing identical job as WILLOW and it is trading above RM3 bil market capitalisation. WILLOW on the other hand is only 174 mil. The latest quarterly profit margin of ITMAX can be as high as 40%. Imagine if WILLOW can raise their profit margin from a single digit to 15 to 20, the share price will be more than double of existing price. Time to ponder.
Question to ponder is when the Canada unit (exploring new business) will see light at the end of the tunnel ? Few more losses may cause people hit the panic button.
Originally Willow was a Canadian company. Osk family member bought it, expanded it to Malaysia and Singapore. Then listed it in bursa. It started in Canada, not the other way around.
Correct me if i am wrong. Thought they bought only the Singapore operations fr the Canada co . The business then expanded to Malaysia and sought listing in 2002. The current investment in Canada co was made in 2015.
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Davidl
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Posted by Davidl > 2022-03-30 13:49 | Report Abuse
Time to accumulate!