The proposed acquisition comes with a profit guarantee by the vendor that SJEE shall achieve a cumulative net profit profit of not less than RM15mil over three financial years
Looks like it’s building a base at current price level.. good la. Consolidate a bit in order to go higher hehe. Waiting for it to break 50 Sen. Jia you…
wow! up 4 sen today... meanwhile, sime prop just announced RM2bln data centre deal. hmm, wonder if the SSB or SJEE bid for the M&E contract.... hmmmmm.....😎
SSB8 is a strong fundamental company with minimal debts. From quarter Mach 2023 to December 2023 , all the four quarters are showing profitability. The net profit would improve further with the acquisition of SJEE Engineering for venturing in Data Centers projects.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
OnlyTheCoconut
62 posts
Posted by OnlyTheCoconut > 2024-05-17 17:05 | Report Abuse
Profit guarantee of 7m for 3 years, very nice acquisition