Attended. In summary, company is not planning to distribute higher dividend as they are facing a lot of challenges, so need reserve more cash to cope with the potential risks 😕
Still have Dividend, just don't expect significant increment or special dividend despite pohuat having huge cash (at least for short term). Based on their answer is like this
Ikea has implemented a global pricing strategy that includes Ingka Group, an Ikea franchisee. It announced that it would invest 6.3 billion yuan in China over the next three years to lower its prices in the country.
Inter Ikea’s supply chain, which covers everything from raw materials up to the final mile – production, procurement, raw materials sourcing, in-house manufacturing, transport and logistics – makes products affordable without compromising on quality, sustainability, form or function, said the company.
“Our primary objective is to reduce costs across our supply chain,” said Waidzunas.
The goal is expected to be pursued through enhancing efficiencies, better utilisation of materials and accelerating automation initiatives
Malaysia furniture sector just like glove , beaten by China , hopeless !
Vstecs , ramhill , dnex , swify haulage , iwcity all are multibagger stocks , u should have in your portfolio not sunset furniture srctor just like malaysia glove !
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Posted by yfchong > 2024-04-21 19:54 | Report Abuse
apa macam....... goes back to 1.35 lah... may be next round to cabut ?