With their focus on affordable housing, the margins are tight but the demand is super resilient for the long haul. If they keep managing their debt well like this, the valuation remains attractive for investors looking to hold for a few cycles.

This shift is super smart because Lagenda can now fully focus on crushing it in the property market while Epicon handles the construction side. This division of labor will definitely streamline everything and bring much better value for us shareholders in the long run.