Welcome. U may want to read the latest cover story to know more abt this stock.
Basically, this is a company w 2 bussinesses: packaging & property (affordable housing dev). The profit of co comes mainly from property. 80% frm property. The packaging segment has not been doing well due to many reasons, incl greater competition, reduced demands, higher operation cost (electricity, minimum wage). On the other hand, property segment has been quite stable. And the OPR rate cut recently is a good news as it means cheaper instalment. However, data shows the property market is slowing down..