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Already bad news with the surprise huge stocks written off in the recent QR. Now, with such significant variations to their intended PP proceeds, it doesn’t augurs well going forward.
Makes sense for EPF to manage their positions and avoid unnecessary risk. It's mind boggling that mgmt is keeping quiet on the patents infringement case when Nichia has published the verdict by the court. Inventory written off, capex funds redirected and the next natural course will be lower revenue as D&O cannot produce the affected products using Nichia's patented technology.
