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know what company do, and know what theme will be played soon, some stock we must hv reason to hold, what is your value on iris? if you know, then why scare? if dunno, just sell
Investment in in associate company with holding some percentage of share, and now they reap what they sow, and more to come also. licensing fee gain although consider one off gain, but they still provide their services to their targeted customers. overall this company i quite look forward, especially ECRL require SCADA service too.
Anyway, conclusion is :
1. The highest QR PAT so far
2. share split 1 to 2
3. dividend RM0.065
4. Resources and Packaging division will face some pressure on the operating cost due to higher raw material and freight cost.
5. Packaging division will expand capacity to 100% (flexible packaging) and 200%(paper bag) by end of Q3,another key of growth for mfcb
6. More solar project to come