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Elridge races to scale biomass operations to meet demand
WITH tightening global emissions standards accelerating the shift towards cleaner and more sustainable energy sources, Elridge Energy Holdings Bhd (KL:ELRIDGE) is racing to scale up its production capacity, betting on sustained demand for biomass fuel
This big contract really can set the stage for more good news, hope the momentum keeps up. If the execution is solid, then more deals will surely follow suit
Sorento’s trading at about x12 its earnings, which isn’t too high for a company that’s been growing steadily with solid returns (around 25% on equity). The company’s got strong margins, low debt, and its expanding distribution should boost its value once the Johor expansion kicks in. If you apply a conservative 15-times earnings multiple, the stock could go up to RM0.60, which is a nice upside from where it’s at now (around RM0.38).
