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At 0.5¢, the stock is still not cheap. It could go for 30-to-1 share consolidation--meaning 15¢/share theoritically, and goreng down to 0.5¢ again, and subsequently a rights issue! The company lacks a high-margin business model to sustain even the lowest current price. For context, the latest quarterly results reveal severe margin compression: revenue stood at RM10.5M against a cost of goods sold (COGS) of RM19.8M, indicating deeply negative gross margins.
Google AI: "AIMAX Berhad does not currently possess a reliable or sustainable profitable business model, as evidenced by its highly inconsistent financial performance and its ongoing struggles to find a stable revenue generator. Formerly known as Hong Seng Consolidated Berhad, the company has a history of pivoting drastically across disparate industries (gloves, healthcare, licensed moneylending, and digital systems) but has failed to maintain structural profitability."