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nice starting price, ah choon wong. taking my time to add gradually; switching gradually from other stocks to here as and when Mr Market offers attractive pricing :)
yup. market price is lower than net cash per share based on the latest annual report :) well positioned for the next few years with ~800M construction order book and still actively looking to increase their order book with the active participation in projects tendering. 600M property development gdv which will start to contribute to the group's earnings upon launching in Q2'26.
total cash has increased from ~330 mil as of last qtr to ~388 mil in this quarter. Minus the total debt and that makes it net cash 296.5 mil comparing to 239.4 mil last qtr :)
slowly but surely, ah choon. as is - 800mil construction order book, and 600mil gdv property development currently in construction and launching in Q2'26, property JV in Australia beginning to make money as you can see from the income statement :) The strong balance sheet comes in handy as it continues to expand its construction portfolio. TRC participated in ~5bil tender value last year. Waiting patiently for announcements of contracts :)