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Agreed. Most people are looking at the accounting profit that involves one-off foreign exchange loss only. However in term of FCF, it has a sharp turn around under QoQ and steady under YoY. More importantly we need to look at FY2025 plant 6 can bring in now much operating cash flow.
To me with potential growth under reindustralised trend, not unreasonable to look at PB1.2 to 1.5 in few more months. I might be wrong, let’s market define.