YoY drop is because MBL has disposed their Indonesia subsidiary last year. That Indonesia is Palm oil mill process plant, revenue is high, but loss making, that why dispose it better.
For MBL, my biggest concern is why he want to acquired SWSCAP? Especially when this batch of share is acquired from Eddie Ong.
Like what they did previously acquired SYMLIFE, it is totally a failure.
And within 1 year now they acquired SWSCAP again, and since they day they acquired, share price keep dropping. Hope management can explain to shareholders why they want to acquired SWSCAP.
Thanks, Albukhary. Just finished browsing its q3 report and yup, the oil milling business is no longer contribute revenue to that quarter due to the disposal of PT Serdang Jaya Perdana
no need to worry too much, its main business, i.e. manufacturing segment still presented splendid revenue in that quarter, which was RM51.97 mil (70% of total revenue)
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sankey665
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Posted by sankey665 > 2023-11-22 18:19 | Report Abuse
current price = strong support, always safe to collect