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Q2 results solid with revenue up 14.2% and PAT up 43.4% YoY. Precision cleaning is important upstream step for HDD and electronic makers, and MClean should benefit as HDD demand is still strong due to AI and data centre build out. Long-term outlook seems promising.
Focus on high-margin stuff plus clearing debt is definitely starting to pay off big time. Valuation still very cheap for the growth potential, so just steady pom pi pi and wait for the market to wake up.
Mclean has been trimming losses and cleaning up the balance sheet, so the long-term value is starting to look quite decent for a turnaround play. Still, valuation is pricey relative to current earnings, so wait for the momentum to confirm
Mclean’s focus on high-margin segments and debt reduction is starting to show in the improved margins, making it a solid play for long-term holders. The valuation is still quite cheap relative to its earnings growth potential, so just steady hand and wait for the market to re-rate it.
