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With Malaysia’s economy projected to grow by 4% to 4.5% in 2026 and the construction sector expected to remain stable, Sorento is well-positioned to benefit from steady industry conditions. Even if new property launches moderate, the replacement and maintenance segment is expected to serve as a key driver of sustainable growth, providing recurring demand and greater resilience against cyclical slowdowns in new project development.
Cuckoo can really do it, over RM1 billion revenue is no joke, their business model must be strong like steel. Their PBT and PAT numbers also look decent, showing they're making good money
Systech is purposefully moving away from its older business lines to focus on high-growth technology segments. The company completed the sale of Postlink Pte Ltd, its e-Logistics arm in Singapore, marking a significant step in this transition.
However, the disposal resulted in a one-off accounting loss of RM2.1 million, which temporarily reduced overall net profit. In addition, Systech shifted its previously loss-making Cybersecurity Solutions segment into Discontinued Operations as part of its strategic restructuring.
The biggest impact came from RM14.49 million in impairment losses on trade receivables, reflecting amounts owed by customers that may be difficult to collect. In addition, the company recorded a one-time goodwill impairment of RM1.96 million, further weighing on earnings
Steel Hawk Bhd's wholly-owned subsidiary Steel Hawk Engineering Sdn Bhd has secured a subcontract from Eternity Mode Sdn Bhd for the procurement, construction and commissioning of fire rated doors in Sabah.
