The market rewards patience, not speed.

拯救散户们 不管好或坏，你赚钱就好咯，不必去笑其他人啊，每个人的认知不一样，看问题的方式不一样， 财政状况不一样，风险偏好不一样，所以才有不一样的投资方式而已。

OPPSTAR 赌场看看就好，注意风险

所以auditor没有增加Expected credit loss 应该是他们已知道现在账面上的Trade receivable 都不欠超过1-30天。

以前是叫“Current”, 现在叫“既未逾期，也未减值”的优质资产，比如说invoice今天开，Terms 30天内还清，这叫current, Terms 30天过了，还没还的就在aging里标注开始计算1-30天，依次类推。

又看漏了东西... 答案就在里面了...

Pg 177 Included in the trade receivables is an amount of RM25,929,700 (2024: Nil), being balance owing
from two debtors whereby the Group had on 12 November 2025 entered into 4 monthly
instalments arrangements separately with each debtor, commencing November 2025, with the
last repayment due by February 2026. As at the date of this report, the remaining balances owing
from both debtors have been fully settled.

数额RM25,929,700将会在2026年全数还清，Pg195 还款后只剩下Neither past due nor impaired RM42,400,855, Less than 30 days RM5,284,937，其他30天以上的都是零。

可以看到基本上那两个最大的欠款租客还清笔账后基本上其他的的租客拖欠的租金都不超过三十天。

Its will very successful of share price if they are willing to change their business from heavy asset base to light asset base, i am waiting their profit earning from the light assets model. Market does not like liabilities and uncertainty.

E 应该是Bidor sentral 的TF value mart, C 和 D 是老顾客，能看得出C 和 D 把 A和B的份额都吃起来搞大来发展，尤其是D, revenue from D 暴涨了270%左右， 现在这个Trade receivable 在 A 和 B 的有说在二月已还清， 需要看下个季度还清后还剩多少的trade receivable 还未收到，虽然C,D 和 E解决了A 和 B 的收入问题是好事，但在下下个季度还是需要陆续验证C, D 和E 的还钱能力。

Pg 195
Trade Receivable

FYE2025 - RM73,615,492
FYE2024 - RM27,076,428

收不到钱暴涨271%，但auditor没有further increase Expected credit loss allowance.

看到很有趣的地方，第一百八十八页：

Major customer information
Major Customer A 和 B 消失了，我看就是导致Trade receivable暴涨的地方

Customer A,B,C,D 现在变成 Customer C, D, E. 虽然今年收入比去年还多，但Overpendency of Major Customer 的风险增加了。

但无论如何，前两大租客的收入被Replace了。