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Sum Technology Bhd has posted a net profit of RM777,000 for the first quarter ended March 31, 2026 (1QFY2026) ahead of its scheduled ACE Market listing on June 18.
The group reported a gross profit of RM2.35 million, translating into a gross profit margin of 20.4%. It said the margin was lower than that recorded in FY2025, mainly due to weaker sales from its manufacturing segment while fixed factory rental costs continued to be recognised in cost of sales.
That price hike confirm will boost their margins nicely since demand for bottled water usually stay steady regardless of small increases. This stock look quite solid to hold for the long term if they can keep controlling their production cost well.
PLYTEC chart pattern showing steady recovery now so just hold tight and see if the momentum can sustain. No need to rush into taking profit yet until we see clearer breakout signs from the resistance level.
Expect Malaysia’s property market to remain resilient, supported by affordable housing measures, firmer household income, sustained industrial demand and progress in key infrastructure projects such as the Penang light rail transit and the Johor Baru-Singapore rail transit system link
Overall, Teamstr's revenue base is anchored by its Furniture Fittings & General Hardware business, while its Trading & Value-Added Segment provides meaningful diversification through laminates, coatings, and related products, supporting a balanced and resilient earnings profile.
