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if you had follow up closely with this company.. normally they are getting job by PO basis not project tendering..
with last dec annouchment to team up with toyo already have a big move from the company in order to have more revenue from project.. also announcement from petronas more oil rig coming from sabah and sarawak.. dafenately OVH will benefit something from there..
bear in mind, nature of business for hibiscus and OVH are not the same.. OVH more towards service provider but hibiscus more on selling crude oil.. like it or not, repairing job, inspection still have to carry on..
also they have project for solar.. expanding their profile.. thumbs up
even serba got the contract and sub it out to OVH.. meaning that OVH have resources and capabilities to do it.. dont forget, their main income from manpower supply.. that's why solar project also from minetech..
the earning are pretty stable now.. what can be seen clearly, management desperately trying to increase company earning by expanding portfolio to downstream, also participating more on project tendering.
sub con then margin will be thinner.. become main con margin will be higher..
