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Perdana is a net cash company after every quarterly opex and GnA expenses and there is no apparent capex plan to acquire new AHT or refurbish the existing ones. Getting project no need to spend lump sum of entertainment expenses unless you want to corrupt the MNC PIC haha. As a lousy CEO Jamaludin Obeng neither has the vision nor has the expansion plan as he is a poor leader in handling the company cash rich
Flushing Out Weak Hands & Capitulation: It could be a brutal strategy to force the final wave of selling (capitulation) from other shareholders. Once the weakest sellers are gone, the share price might find a true bottom, from which it could be rebuilt (though this is a very risky and damaging strategy).