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The property division is clearly the main growth driver for the company right now, supported by progressive revenue recognition from several key projects. Revenue rose to RM103.2 million, marking a strong 126.6% year-on-year increase, mainly contributed by Damansara Livista, Residensi Kamelia, and The Wyn Residences. In addition, unbilled sales stand at RM637.0 million, providing clear earnings visibility over the next 24 months and indicating a steady project pipeline ahead.
Aiyo, agree man, Pos Malaysia really need to trim the fat, especially the headcount, instead of borrowing more money. Issuing that sukuk is just adding more debt, like pouring fuel on the fire.
Ya lor, if the company can snag more customers and increase their slice of the pie, then sure got potential to grow. The key is really about execution and how well they can capture that market.