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One key point that makes the QR very positive is that its SEBU business is showing sign of turnaround with increasing revenue and profit this quarter. SEBU profit is considered high quality profit compared to profit from SMBU and foreign currency exchange. With positive future guidance of China economy reopening and new product launch from SEBU indicating growth is sustainable and possible valuation re-rating
Now that MFCB price is near the SMA20-week strong support of RM6.98, it may be a good entry point as this is an area of value. Upcoming share split ex-date announcement and QR by end of May could be the catalysts it needs to push the price higher to the next level. I believe MFCB is a great investment for medium to long term. Just my 2 cents. Cheers to all and Selamat Hari Raya!
