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to justify the price of 3.0+: annual revenue >500mil per year, gomen to extend pioneer status so that tax rate remains at 3%/below, recurring IP licensing every year - new customer/account signing up for IP licensing lump sum contract each year while existing customer repeating the lump sum contract each year.
Irrational exuberance at the opening price of RM3.80 vs IPO price of RM0.88. It might be an Outperforming counter going forward but not in the immediate term. Institutional investors can cash in quickly for “windfall profit” :-)