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Impairment on:
Intangible asset = -100m
PPE = -74m
Loss on market derivatives = -68 m
Total one-off loss = -242m
PBT (excluding one-off loss) = +169 m
Although there might be set back from impairment loss, we need to look at future prospects such implementation of EVs, support and incentive from the government especially the budget on Friday. Why owner keen to privatize as Bloomberg mentioned? Malaysia's commitment to becoming a nation with net-zero greenhouse gas emissions.
drb inside got loser pos malaysia... already no import tax also manage so bad and sold to geely, dont think they have good management, profit can suka2 hilang, unlike umw and bauto