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Hock Soon delivered a solid performance for the start of the financial year with a revenue of RM47 Million & gross profit of RM16 Million with a healthy 34% margin
About 20% of Teamstar’s inventory is currently sourced from overseas countries such as China and India. A stronger ringgit would help ease procurement cost pressures, support higher profit margins, and cushion cost fluctuations, thereby enhancing earnings sustainability
As long as 0.26 holds, downside risk appears limited. On the upside, a successful reclaim of the descending trendline could open a recovery toward 0.30 initially, followed by a potential re-test of the 0.34–0.35 supply zone over time.
