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Velesto’s long-term value depends on better utilization rates to offset high depreciation costs, even if current contracts provide some stability. While the secure income is a plus, the market is likely waiting for sustained margin expansion before rerating this stock.
The reason people still keep for the 3sen dividend is no longer there.
Quarter profit dropped to below 25m
What’s the reason to continue holding? Don’t let loss aversion from not sellling at above 35sen to keep holding back down to below 20c.
