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Just in case it slipped your radar, Advancecon has ventured into the green energy segment too. Their LSS4 project began operations at the end of 2024, and it has started contributing revenue
I get your point, but share buybacks aren’t always a bad thing. If the company’s share price is trading below its actual value, doing sbb is basically the company buying RM0.4 worth of value for RM0.2+. That’s an immediate gain for shareholders.
Advancecon Holdings Bhd's wholly-owned subsidiary Advancecon Infra Sdn Bhd has accepted two contracts from Sime Darby Property (Bukit Raja) Sdn Bhd valued at a combined RM25.14mil for earthworks and other related works at Bandar Bukit Raja 2 in Klang, Selangor.
The company went through a few loss-making years, but things have been improving lately, and it looks like a real turnaround is happening. With this momentum, the share price should gradually move up