silentWolf1. Update on Powerless Flood Shutters: The company launched this new product in July and is conducting ongoing tests, including compliance with the British Standard. Management anticipates completing these tests within a year, aiming for overseas exports post-testing. The company already received some orders for powerless flood shutters.
2. Order Book Status: Management indicated that the current order book is sufficient for the next two quarters.
3. Q4FY23 Performance: The company's strong performance in this quarter was attributed to robust performance in the construction industry.
4. Outlook for 2024: Positive expectations were expressed regarding Foreign Direct Investment (FDI) growth and data centers. The company is currently testing a new product designed specifically for data centers.
5. Gross Profit Margin Increase: Factors contributing to the margin increase include the pandemic's initial slowdown affecting gross profit margin and the company's enhanced performance, leading to competitive advantages and margin growth.
6. Expansion Plans Update: The new factory at Eco Business Park V will be a green technology building focusing on green products. Expected realization is in 2025, enhancing factory efficiency with an estimated investment of RM80 to RM100 million.
