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The recent volatility is largely driven by geopolitical tensions between the US, Israel and Iran, which has affected overall market sentiment.
For short-term traders, taking profit when there are gains is a normal strategy.
However, from a fundamental perspective, the company’s core business and long-term growth story remain intact.
Short-term price fluctuations should not overshadow the long-term fundamentals.
Elridge is already one of the fastest-growing and most promising companies in Malaysia’s biomass industry. With long-term orders and a clientele comprising Fortune Global 500 companies, coupled with its upcoming move to the Bursa Main Market, it is well-positioned to become a true industry leader.
Solid fundamentals + consistent orderbook from Japan & Indonesia — this counter is quietly building momentum. EPS 2.01, ROE 23%, PE still below 30. With breakout at RM0.605, next target RM0.71 looks very achievable. Mid-term gem in the making.
