so far im okay with the result. low margin but there is consistency on the revenue and profit. with the price rm0.11, im okay with that. there is small improvement on the balance sheet and cash flow. their receivable increased about 20%.

sws & cheng, i dont think the QR is worst than before. look at manufacturing segment from 2017-2019 (not covid), their revenue maintain at 8mil. same thing happen now. their profit was around 500k. same thing happen now.

but when they taken over cement company, their revenue jump to 110mil. but low margin building material. dont expect too much from this kind of business after diesel price surge almost 50% and minimum wage increase 1700. the business is still running with profit every quarter.

i dont understand people invest in Sapura energy with debt and asset ratio is 1:1. with every quarter loss 400mil.

esceram so far doest show loss in building material segment. the manufacturing profit is improving. just now the QR shows 400k profit from manufacturing.

Yes and No in my personal opinion, Eddy. Yes - The acquisition came with a profit guarantee of 11M for 2 consecutive years; avg 5.5M per year which is approx pe15 and new shares issued at 0.32 per share. Market price was below 0.25 during profit guarantee period. Mcement and Humeind PE back then was above 20. No - If a new acquisition announced with 4M yearly profit at 83M acquisition price which is approx pe21; it's a costly acquisition as mcement and Humeind PE are below 15 now.

short term trading is ok but not suitable for long term invest, Nick. High revenue low margins for its main segment and its a structural problem within the company as the peers are doing really well for the same segment. Additionally, have a look at the shareholdings for the directors - pretty much similar situation with the old timer Plabs directors; very low holdings if you will. Need "Mr Bu" or "rto" to make it alive. Lol, no pun intended. Just my personal opinions, could be wrong.