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Back to profit means the company is moving in the right direction, but I think the next few quarters are still important to confirm whether this is a sustainable recovery
ASM Automation Group Bhd's subsidiary, Arrow Systems Sdn Bhd, is acquiring a 99-year leasehold plot with a factory in Mukim Hulu Kinta, Perak, for RM2.0 million. The company plans to demolish the existing structure to construct a new facility, funded by RM7.90 million in IPO proceeds, with the project slated for completion between Q1 2027 and Q2 2029.
ASM chart looking quite constructive now with higher lows forming, showing buyers slowly stepping back in. If volume can follow through and break the nearby resistance, momentum may continue to build, but still need to watch price action closely