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Quick Update from Mitra Management :
1) NextDC DataCenter Stage 4 & 5 award results will be announced shortly.
2) Land in Puchong Prima worth 1.5 billion GDV is developing, expected to contribute to the earnings
from FY2027 onwards.
3) Land in Banting with 180 acre (huge lands) for industrial development has receive development approval from state goverment, Roadworks will start towards the end of this year.
US tech sell-off isn’t random — it started with AI ROI concerns and triggered a full risk-off chain.
Malaysia tech got hit as spillover, while funds rotated defensive.
Solid Fundamentals and Financial Turnaround
Sealink has successfully transitioned into a leaner and more profitable entity:
• Return to Profitability: After several years of losses (Y16–Y23), the company recorded a profit of RM 18.8 million in Y24, driven by a revenue increase to RM 125.3 million.
Reasons for the Sudden Price Drop
Despite these "good" numbers, the market appears to be reacting to forward-looking risks rather than past performance:
Potential Risks - Fundamental View
Customer Concentration: The company heavily relies on a single customer, TNB, which accounted for approximately 72% of its FY24 revenue.
Higher Taxes: The exp................................................
