TP RM1.00, let’s go!!! 5% upside + 6.7% yield = 12%!

See so many moto everywhere, Ridergate 100% boleh la!

Carsome also can 2 bil valuation, Ridergate? ;)

Finally a dedicated platform for motorcycles. Just look at the amount of motor on our roads. Huge potential boost to earnings!

What's this ridergate about?

Great synergy!! Now can cross sell more services to clients!

Huat ahhh 60sen! Smart move if they get famous artist, concert practically market itself ahaha

Looks like Elmu specialise in anti corruption education. Madani combat corruption kaukau, definitely need to educate the people, what to look out for and whats the best practices to improve anti-corruption efforts. Now Ramssol can position themselves as industry leaders in ethical business pratices! Win-Win for the company and the country

someone promoting the company already, how? buy?

Financials Update for 1HFY2023

PAT for first 6 months was RM5.9 million, an increase of 380.4% from the first half last year. First half PAT already surpassed the past 3 years annual PAT

SES segment was the key driver, recording an increase of 182.6% increase in operating profit to RM6.4 million

Operating profit margin for SES segment very healthy at 49%


Prospects

Company expects acquisition of its 2 projects, namely its 11MW mini hydroplant in Indonesia and 2.4MW biomas plant in Kedah to be completed in the second half of this year

From retail briefing by RHB, other than the 2 upcoming projects expected to be completed they still have more SES projects in the pipeline as their net gearing remain low at 0.17x

Orderbook stands at RM193 million and RM785 million for M&E and SES divisions respectively


Conclusion

Company’s momentum in SES segment is growing, expect 2HFY2023 to be as strong or stronger, we might be witnessing a new market leader to compete with other renewable energy competitors such as Solarvest, Saimaden