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I used to own this share & enjoying its dividend for a good few years. Then I noticed the Rasau project was progressing extremely slow. I know their dividend payment is not sustainable.
Every quarter when I go thru their financial report, I can see their cash dwindling.
the write-off in property, plant and equipment amounting to RM15.13 million and the higher
rehabilitation and maintenance expenses amounting to RM27.69 million (YTD Q3FY23: RM19.63
million) in the current financial period; primarily due to associated cost on the replacement of solar
panels at TR Sepang and TR CPark; foreign exchange
gains in the corresponding financial period.