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Rather than a sign of confidence, an intention to deal during a closed period under these exact circumstances points to ongoing financial distress, restructuring, or forced liquidation of executive shares
The resignation of Mr Wong Kok Chau....
In corporate finance, an Audit Chair leaving a sinking ship during a live covenant breach is viewed as an extreme institutional sell signal. It confirms that the independent board components are either unable to arrest the operational hemorrhage or are unwilling to absorb the escalating legal and regulatory liabilities facing the current administration.
Fresh market intelligence reports indicate a significant structural acceleration in the specialized components sectors underpinning advanced vehicle lighting. Driven by rapid global automotive electrification and the premiumization of digital cockpits, the Semiconductor Micro Components Market is now confirmed to be expanding at an accelerated 12.6% CAGR through 2033. This macro growth directly validates downstream demand stabilization for next-generation vehicle architectures.
Fresh macroeconomic intelligence confirms that the Global Automotive IC Market is stabilizing. The broader sector is building a powerful demand floor, driven by localized supply chain integration and structurally expanding chip content mix per vehicle. Both local corporate factors and major global industry alliances are validating a steady exit from the cyclical semiconductor bottom
The expected core net profit for FY2026 is approximately RM76.1 million (consensus RM135.0 million), according to a June 2025 analyst forecast.
This forecast is subject to change, especially following the company's recent securing of a significant US$1.14 billion (RM4.64 billion) gas processing contract in Mexico in December 2025, which provides earnings visibility until August 2035
If the annual profit is going to be above rm100mil consistently, divided by 558mil no.of shares (100÷558=0.18 eps), with PE ratio of 15, the fair value of this stock should be at least 2.70 !
