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This is overall drop. Wait for rebound while market is recover We aim for long term investment and not for profit taking that keep on buy and sell which at last heading no where.
this kinda of idss stuff, too easy to recognize XD this is a technical drop... make those were not consistent ppl made selling move... and main holder's 20 milion share is released to the market again... slowly she will get out when the time is ready...
US sales have been a standout performer for the group, driven
by its increased capacity commitment to a US customer, now delivering 45-50
containers of XHHW-2 cables per month compared to 1H24’s 40 containers.
Encouragingly, the customer has requested further increases in deliveries due to the
strong demand in the US market. To address this, the group plans to allocate part of
the new 5,000km capacity to this customer. Additionally, the group has submitted
sample
of its new USE-2/RHW-2 LV cable to the same customer, with
commercialization anticipated by 2Q25. US sales are expected to see robust growth in
FY25, supported by new product offerings and expanded capacity. Notably, the strong US sales are likely to enhance the group’s margins, given the market’s favourable
pricing dynamics.